I do use MTPredictor everyday though (with NinjaTrader) – its as good as I’ve seen at picking tops and bottoms and I’ve been trading since 1995.
Chuck, Private Trader
In today’s MTPredictor video I would like to take a look at a lovely Holy Grail sell that unfolded on the 2min NQ yesterday:
As you can see form the video, this unfolded right at the 3min DP resistance. With the larger degree trend down (form the MTPTrend Indicator and 15min DP’s), this was a good trade to consider. The NQ then declined into the Typical Wave 3 WPT target, where a +8R Profit was available. This low coincided with the larger degree 15min DP support zone.
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Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance track record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under or over compensated for the impact of certain market factors, such as the lack of liquidity. Simulated training programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profitable trades similar to those shown.
All trades shown are hypothetical, they were not executed, they are just shown for illustration and training purposes only.
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