Steve: I will admit that I am just relearning MTP so I am in simulation mode. BUT, I have read your entire manual, listened to many of the webinars, read all your Advanced Blogs and applied what you have been teaching. I got the TS3 short and then reversed on the DP which even had a VSA for added confirmation!!!! I used the ATR stop since the oscillator went through the band so I got stopped out, but what I find incredible is that price eventually went to the DP profit target zone and reversed again!!!! I feel that even I could have written your blog today because of how well you teach. Thanks for your great instruction and for answering all of my questions. Again a Million Thanks for your great education!!!!!!!!!!
Greg, Private Trader
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.