Hi Everybody,
Here is yet another great example that I was following yesterday on the 3min FTSE. Here we had a High volume (VSA) spike that unfolded right at DOP support. This nailed the low of the day !
The FTSE then rallied nicely to reach the initial DP target, but as the FTSE reached this target the STF (not shown) was strong, so this suggested that the rally would continue higher..... But then I noticed that the rally was unfolding as a very nice Elliott 5 wave sequence, so when the FTSE reached the minimum Wave 5 WPT and the open Profit was a nice +6R (ignoring slippage and commission) the “sensible” course of action would have been to protect this Profit.
As you can see, this not only nailed the low of the day for you, but also caught a very nice rally. You already have all the tools in MTPredictor to be able to uncover brilliant trades like this, whether you make the effort to learn how to do this is up to you.
Thanks, Steve
Here is yet another great example that I was following yesterday on the 3min FTSE. Here we had a High volume (VSA) spike that unfolded right at DOP support. This nailed the low of the day !
The FTSE then rallied nicely to reach the initial DP target, but as the FTSE reached this target the STF (not shown) was strong, so this suggested that the rally would continue higher..... But then I noticed that the rally was unfolding as a very nice Elliott 5 wave sequence, so when the FTSE reached the minimum Wave 5 WPT and the open Profit was a nice +6R (ignoring slippage and commission) the “sensible” course of action would have been to protect this Profit.
As you can see, this not only nailed the low of the day for you, but also caught a very nice rally. You already have all the tools in MTPredictor to be able to uncover brilliant trades like this, whether you make the effort to learn how to do this is up to you.
Thanks, Steve
