Tuesday, 28 September 2010

Elliott Waves and DP tools


Hi Everybody,

Please remember that MTPredictor contains some great tools and modules in the software, for example the DP and Elliott Waves. Yesterday, on the 5min YM, there was a great example of how these combined together with a standard technical analysis techniques of oscillator divergence to nail the high of the day for you yesterday. The important points are how the reversal came after a “good looking” 5-wave rally, with the high unfolding at both DP and WPT resistance, and all on very clear Stochastic divergence. As you can see, this nailed the high of the day for you !

The YM then declined nicely into the close for a lovely +6R Profit (ignoring slippage and commission).

There are too many people who simply rely on the Automatic signals, without taking the time, and making the effort, to learn how to use these more Advanced techniques. When you do, you will be amazed at what additional trade opportunities you can uncover !

Thanks, Steve