"Steve: Over my dead and dying body, could you ever take this software out my hands. I have paid for my software both EOD and RT, in my first month. I truly think my eternal search is now over. I have found the holy grail"
Jeff, 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 video, I would like to continue to look at using Multi Time Frame Analysis to uncover trades in MTPredictor, with a look at a short trade in the EURUSD that was brought up by a MTPredictor Customer in our Training Webinar yesterday:
As you can see, this 15min TS4HG sell was coming off 1hr DP resistance nicely, so was in the direction of the larger degree trend. The decline then continued after our webinar yesterday, with the EUR reaching the Major 1hr DP support highlighted in the Webinar. The potential profit at this Major support zone was approx. +10R. I would like to thank our Customer for sharing his trade with us, it was a great example of how the shorter time frame sell fitted in with the larger degree support and resistance zones.
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.