I'm using MTP 7.5 now for 5 months with very good results. I have to admit that it was at the beginning hard for me - as an Elliott practitioner - to realize the benefit of the isolated EW approach. The EW principle is logical and looks simple and clear (only) in the retrospective view, however, the confusion comes when you have to make decisions now with the consequences of loosing money. I think the assumption of a 50% "unclear and foggy" situation is not too far away from the truth. In this dilemma, your EW approach gives very clear and reliable guidelines. The longer I work with MTP 7.5 the more can I benefit from it
A.E. Private Trader
During March 2003 Steve Griffiths made a number of appearances on CNBC Europe, looking at and analyzing the European and US markets. As an example of how MTPredictor has performed in the past, this page features some clips from Steve's appearances to show how some of his live calls on the markets turned out. As we always point out, however, MTPredictor is designed for the business of trading rather than forecasting...these are cases of preparing in advance. This was live television, so these were actual predictions made at the time - without the benefit of hindsight!
When Steve appeared on Wednesday March 5 2003, he used the software to suggest that the S&P had just made a Wave (4) high and would continue to decline into at least the first projected Wave 5 WPT target. Using the MTPredictor program, he projected this support level to be 790 - 799 on the (Mar) contract.
Please click on the links below to view the video clip
To see the result of this example, and for Steve's next appearance two weeks later (Wednesday March 19 2003), please see the video clip below:
As you can see, the software helped nail the exact low in the S&P over one week in advance !
When Steve appeared on Wednesday March 19 2003, he used the software to predict that the FTSE had made an important Wave (5) low on Mar 12, and that the initial rally off this low was nearing an end. He anticipated that once this initial rally was complete, traders should be ready for an ABC corrective decline into a Wave (2orB) low. To look for a potential long position to take advantage if the FTSE made a Wave (3) or (C) rally following the completion of the anticipated Wave (2orB) low.
Please click on the links below to view the video clip:
A few weeks later, this is exactly what happened. The FTSE made an ABC correction that stopped precisely at the Typical Wave C WPT with a blue, buy trade set-up bar. This was a ideal Type 1 trade set-up.
The software prepared you nearly two weeks in advance for this potential long trade.