In today’s MTPredictor video I take a look at a great example of the MTPredictor Holy Grail trade setup that unfolded in the YM yesterday:
As you can see from the Chart, the high was made as larger degree (15min) resistance, then the HG sell setup came after the initial correction to the initial decline from the high. The YM then reached the Typical Wave 3 WPT Target for a potential +9 or +7R Profit (depending on what time frame you were following). Please see the video for the details.
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.