Hi Everybody,
As you have already seen, I have taken a look at the DP sell on the 3min YM chart. But as the STF was blue at the time, Advanced Traders needed “larger degree resistance” at this level to justify ingoing the STF colour.
Now, when we look at the normal “day session” 15min YM chart, there is no obvious resistance. When this happens, I also take a quick look at the 24hr session data just to see. And in this example, using the 24hr chart, not only was the YM at DP resistance at this high, but there was also an automatic DP sell set-up as well ! As such, this gave the Advanced Traders among you permission to consider this trade.
As we have already seen, this nailed the high of the day for you ! Then stopping and reversing at the TS4 buy (using the standard rules) nailed the low for you ! I don’t think the newer traders among you fully appreciate how amazing this is, to be able to nail both the high and low of the session is absolutely brilliant. All the tools you need are in MTPredictor, it is up to you whether you wish to take the time and make the effort to learn how to make full use of them....
Thanks, Steve
As you have already seen, I have taken a look at the DP sell on the 3min YM chart. But as the STF was blue at the time, Advanced Traders needed “larger degree resistance” at this level to justify ingoing the STF colour.
Now, when we look at the normal “day session” 15min YM chart, there is no obvious resistance. When this happens, I also take a quick look at the 24hr session data just to see. And in this example, using the 24hr chart, not only was the YM at DP resistance at this high, but there was also an automatic DP sell set-up as well ! As such, this gave the Advanced Traders among you permission to consider this trade.
As we have already seen, this nailed the high of the day for you ! Then stopping and reversing at the TS4 buy (using the standard rules) nailed the low for you ! I don’t think the newer traders among you fully appreciate how amazing this is, to be able to nail both the high and low of the session is absolutely brilliant. All the tools you need are in MTPredictor, it is up to you whether you wish to take the time and make the effort to learn how to make full use of them....
Thanks, Steve
