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In todays’ MTPredictor Video I take a look at how to use the DP’s on the Higher Time Frame Chart for future support / resistance zones. As you can see from the video. This nailed both the High and Lows of the day on the ES and NQ yesterday, April 7:
I then take a look at how the new MTPTrend Indicator helped you stay on the right side of the larger degree trend during the day, allowing you to filter your trades. This helped avoid some losing trades, as well as catching a lovely VS (Volume Spike) sell setup off the very bar of the high of the day !
Risk Disclaimer and Disclosure.
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.
There is risk of loss in trading and investing. All trade decisions are your own sole responsibility.