Thanks Steve. Thank you for this massive + 29R today on $/Yen on 3 min chart. This was possible with the market analyzer of Ninja Trader which allows me to follow several currencies at the same time. The set up was a standard TS3... But I chose not to close the trade on first target as the DP support on 15 min chart was not yet touched. When this DP on 15 min chart was reached, we were already on strong STF in 3 min.... So I let the trade follow its way until I was stopped with a 29R profit!!!!!!
Steve Griffiths started professional life as a Mechanical Engineer qualified to U.K. degree level. Dissatisfied with engineering, however, he started trading privately in 1987, managing his own trading fund. Over time, his main focus shifted entirely towards trading and he left the engineering profession in 1988. Steve then concentrated on professional trading, generating trading profits as his main income source.
Over years of extensive research (combining his engineering and mathematical background) into trading programs and techniques, he discovered what worked for him in his own trading. Finding an 'edge' in real day-to-day trading was the main quest. Steve realized that although back-tested and complicated analysis techniques were freely available, typically they promised more than they delivered. A simpler, consistently focused approach to trading often produced better results.
As Steve's trading career progressed, he became more involved in supporting other traders, especially trying to trade Elliott waves - in particular, running the Advanced GET™ usergroup in 1997-1999. Steve also represented both Advanced GET and Dynamic Trader in the U.K., and wrote trading reports for Dynamic Trader in 1999-2000. Whilst holding both programs in extremely high regard and respecting their founders' achievements enormously, Steve was concerned that they would not deliver the tight, focused Risk/Reward approach to trading he personally needed. He felt similarly about many other software programs that he tested at the time.
This became the core of Steve's research - to discover and refine the most reliable techniques into a simple, profitable trading process. It was by stripping away over-complicated analysis, avoiding forecasting that such an approach began to emerge. Going back to basics, the aim was clear: to identify a high probability trade set-up.
Trading then became a matter of being able to consistently find, assess and manage these trade set-ups.
In 2001, after over 15 years of research and development, Steve Griffiths released the MTPredictor™ software program. Unlike many other programs available on the market, trade identification, risk analysis, position-sizing, trade management and ease-of-use are the main focus of MTPredictor. Many software programs offer a plethora of analysis tools and techniques. However, Steve believes that the most important aspect of trading is a simple, tight approach. The ability to identify a tradable opportunity that allows entry into the market with a small and controlled risk, backed by a strong Risk/Reward profile, time after time, is paramount.
MTPredictor achieves this - it allows the trader to focus entirely on the best low risk/high return trade opportunities and, more importantly, the easiest and most reliably identified - without the confusion caused by other technical approaches and programs.
Steve Griffiths has written and contributed articles to many publications and associations, including Technical Analysis of Stocks and Commodities™ (US) and the Society of Technical Analysts (UK).
He has appeared as a guest presenter on CNBC Europe television.
Please click here to see some of his live calls on this program.
Steve Griffiths has also presented many trading and teaching Seminars.