MTPredictor

Trading with the Higher time frame

FX:GBPUSD   British Pound/U.S. Dollar
296 0 2
Hi Everybody,
I wanted to make this Post today to show how the best MTPredictor trades are taken when the set-ups are "with" the Higher Time Frame. A great example was today when the GBPUSD             made a automatic MTPredictor DP sell on the 60min chart, BUT this also fell at 240min DP Resistance. In other words the shorter time frame set-up fell at higher time frame resistance.
The GBP has just reached is first Profit target.
So this is an Educational post to show how trades are best taken when they fall with the larger degree trend (or at larger degree support or resistance).
Thanks, and I hope this helps
Steve
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