OK, as we have seen, the 15min TF was at DP resistance, so when this automatic DP sell came up on the 3min Chart, it was OK for the Advanced Traders among you to consider. This nailed the high of the day for you !
The Russell then declined nicely to reach the first project Profit target. At this level, although the STF was strong (beyond the strength band), we had a high volume (VSA) spike. Taking into considering how larger the profit was at this level (+10R), it would have been a good idea to look to protect this profit. This nailed the low beautifully !
The result was a massive +10R Profit (ignoring slippage and commission).
But what amazed me was how well the DP nailed the turns and as such enable you to capture such a huge profit. The Tools in MTPredictor are amazing sometimes....
Thanks, Steve
The Russell then declined nicely to reach the first project Profit target. At this level, although the STF was strong (beyond the strength band), we had a high volume (VSA) spike. Taking into considering how larger the profit was at this level (+10R), it would have been a good idea to look to protect this profit. This nailed the low beautifully !
The result was a massive +10R Profit (ignoring slippage and commission).
But what amazed me was how well the DP nailed the turns and as such enable you to capture such a huge profit. The Tools in MTPredictor are amazing sometimes....
Thanks, Steve
