Attached is a 3min chart of the NIFTY Sept. futures. The move started yesterday from DP support on the 15min and 60min charts - as you teach, today I took the TS2 buy on the 3min chart which resulted in 4.6R. With apparent resistance (covergence of multiple MA's) on the 60min charts, divergence of the STF on the 3 min chart took the DP trade on the 3 min chart - STF was strong at the first target, ran with the ATR stop and finally exited near the days low at the DP from the previous major swing low for +16R Profit. An amazing day overall of +20.6R Profit.
Jatinder, Private Trader
Risk Disclaimer Testimonials herein are unsolicited and may not be representative of the experience of other Customers and is not a guarantee of future performance or success.
In today’s MTPredictor video I take a look at some multi time frame Analysis on the USDCAD:
As you can see form the video this uncovered a couple of short trades on the 4hr and 1hr Charts that are in the process of unfolding.
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.
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.