Hi Everybody,
After the double bottom in the EURUSD after the Greek election, this MTPredictor TS3 buy setup was a chance to get long as the EUR rallies
Hi Everybody, In the backdrop of all the uncertainty of the Greece elections, the EURUSD has now reached MTPredictor DP support, so will this be a low on the EUR or on a temporary pause in a later decline, we will have to watch this monthly support closely over the next few months to see
Here is a good example of my favourite MTPredictor trade setup. We call this the Holy Gail, because it has the "potential" to run to the Typical Wave 3 WPT. If the short gets there it will be a possible 7R (7x initial risk) trade. So lets see how this unfolds.....
Hi Everybody, I have been away and missed being able to post this MTPredictor daily short trade on the ES (S&P) at the time of the initial setup, but I wanted to update you all now. As you can see, the recent high on the ES came in nicely at our MTPredictor daily resistance zone. So lets see how much further this market can fall ?
This is an alternative setup based on my prior trade idea.
This setup has now a confirmed ABC elliot wave pattern that normally gives potensial for high R trades. The tradesetup has a RR of 4,3 with entry at 2080 and stop at 2079 and target at 2088.
Target is now at a typical Wave 3 level that has the confluence with higher timeframe supply. I will consider...
ESH2015 (E-mini) has setup a long signal in the Globex session from a higher timeframe (15min) demand levels. Drilling down to smaller timeframe to get a better risk reward I have a long level that has triggered based on the demand at this level and the indication of institutional buying at this level based on an abnormal high volume spike prior to the long signal...
New setup in Cotton formed from a DP level that has a confluence with an ABC correction. This is one of the clearest Elliot wave patterns to play. The setup is giving a Risk Reward ratio at 2.5 at the quite conservative typical Wave 3 target. As an extra odds enhancer it was an VSA spike in the volume moving the price towards the entry.Target is in front of the...
The Junior Gold Minors GDXJ finished a wave 3 down on the daily chart. It has now completed an abc correction into wave 4. The MTPredictor indicators generated a TS2 automatic sell signal at 27.14 with a stop at 29.77. The initial target is 21.99 which is the minimum wave 5 target. If price does not hit 27.14 (the entry) and instead moves above 29.77 first,...
Hi Everybody.
The ES has now joined the YM and NQ (please see my previous posts) at its MTPredictor DP resistance. So now all 3 main US Indices are all in their respective MTPredictor Resistance zones, we need to start looking for signs of a reversal and a possible Top.....
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...
The NASDAQ rallied though the last minor MTPredictor DP resistance without confirming a high, and has now almost reached the next MTPredictor DP level, please see the chart. So will this level hold, we will have to wait and see
The recent rally on the Nsadaq has now reached the next MTPredictor DP resistance zone. With the Fed speaking later today, (that may well move the market), the question is whether this resistance level will hold and we get a decline from here ? Lets wait and see................
The GBPUSD made a TS1 buy setup a while ago on this 4hr Chart, (please see chart). With Stops now at Break-even (as we have exceeded the 100% initial risk level), this is now a free trade. So will the rally carry the GBPUSD up into its first target ?
PS. Notice how the MTPredictor DP nailed the Major low, so this would indicate a continue rally.
Update to my last post on the Nasdaq: The Nsadaq has rallied nicely off the MTPredictor DP Support level I showed in my last Post. It is always nice when a market moves as anticipated :)
