+5.7R On the YM yesterday....

Hi Everybody

Here is a Video showing how you can look for Advanced Trades, using the tools in the MTPredictor software

http://www.mtpredictor.com/Videos/2010-Nov23-2/2010-Nov23-2.html

Here we managed to nail the very low of the day yesterday on the 5min YM for a lovely +5.7R Trade (ignoring slippage and commission)

Thanks

Steve

Dax sharp fall

Hi Everybody,

Here is another great example of how the DP combined with the MTP VSA (high volume spike) can nail brilliant turns for you.

As we can see, this nailed the high of the day on the 3min Dax this morning, that had you short as the Dax started to decline sharply !

As I keep on saying, the tools are in MTPredictor to be able to uncover some amazing trades, whether you decide to take the time and make the effort to learn how to use this is up to you !

Thanks, Steve

DP and VSA nails high of the day !

Here is a great example of our MTP VSA (High volume spike) indicator, and when the market reverses at a high volume spike at DP resistance it can very often give us a great trade, and on many occasions nail the very high (or low) of the day, as it did on Friday for us on the 3min Russell Index. Now, I find this amazing that we can nail the very high and low of the day on the US e-minis so often with the tools you have in the MTPredictor software. MTPredictor is an absolution amazing piece of software if you only take the time to learn and understand how to use it......

As we can see, this nailed the high of the day for a lovely +2.4R Profit (ignoring slippage and commission).......

The trades are here, day after day, whether you take the time to learn how to use MTPredictor to its full potential us up to you !

Thanks, Steve

Larger degree trend with the 15min Chart

Hi Everybody,

As I always teach, Advanced Traders should always have an eye on the “larger degree trend” using support and resistance zones on the 15min Charts. In this way they can tell if a trade on the 3min chart is against or with this trend.

As you can see, the 15min ES hot DP resistance (which nailed the high) and as such the 15min ES was declining at the time the TS1 buy came in on the 3min Charts. So this trade was “against” the 15min trend. That is why the 100% initial risk guideline should have been used.

Thanks, Steve

When to take DP’s

Hi Everybody,

As an Advanced Trader you have the additional skills to be able to further evaluate more advanced setups. For example the DP buy on the 3min YM off the low of the day. Yes the STF was red, which it will be with DP’s a lot of the time as DP’s are “trend termination” setups, so why was this a god one to consider ?

Well, first, this DP buy came at the end of a “good looking” 5-wave decline, with support at the minimum Wave 5 WPT as well as the DP zone. Then we had good clear Stochastic divergence at the low. Then the low was also a High Volume Spike. So all these things added together to give “added weight” to the setup.

This nailed the ,low of the day for you, and enabled a trade off the lows for another +3.7R Profit (ignoring slippage and commission). Add this to the +9.7R and +2.5R Profits from earlier and you had a massive day on the YM yesterday....

As I have already said, it still amazes me when we get days like this, I just wish more people would put the work in to understand and fully appreciate how markets really work, so more people can have days like this......

Thanks, Steve

DP nails the low...

Hi Everybody,

As we have seen in the Standard Blog, the YM declined nicely off the TS4 sell on the 5min Chart. But (as I always say) Advanced Traders must always keep an eye on the “larger degree” (15min) support and resistance zones. Well, just look where this decline stopped on the 15min Chart – right at DOP support.

These levels (DP and WPT) are very very powerful because they project “in advance” levels of support and resistance, and as we have seen, they are very powerful indeed, with markets making highs and lows at these levels all the time !

But the point being is that you should have been “prepared in Advanced” for the level at which the YM made its low yesterday – well before it even got there ! Now that is powerful stuff !

Thanks, Steve

Stochastic Divergence

Hi Everybody,

I talked about using more “standard” technical analysis, like oscillator divergence a few days again,. So I would like to share another great example on the 3min YM form yesterday.

Here we can see how the YM made a reversal at DP resistance, but the important point is how this was also on very clear Stochastic divergence. This nailed the high for you, just before a nice fall.

With +3.4R Profit (ignoring slippage and commission) available at the opposing DP target, this was a nice trade, and shows how the MTP tools (DP) can be used in conjunction with more standard analysis techniques, like oscillator divergence.

Thanks, Steve,