Steve Griffiths
06-04-2007, 04:24 AM
Hi Everybody,
I would like to pass on a quote from an email I received from a current MTPredictor customer over the weekend. he would like to remain anonymous, but with a 10% return just last week, it does show that there are some great profits available in Stocks....
Steve
"Steve,
This week was unbelievable for me. I was up over 10%, and it required doing very few trades, but doing 'smarter' trades that required judgment, experience, and some fundamentals, in addition to using your great technical tools. It also required holding positions over several days or longer. I use a very flexible system of time scales, looking out over short and long scales at the same time, DP's and ABC's and ATR's, and using this information as an intuitive judgment as to how long to ride out a position before punching in the profit.
While my formula sounds complicated, it really is fairly simple:
Find secular bull market industry groups.
Find great leading companies in these markets with high growth prospects, high earnings momentum, etc.
Open up MTPredictor on these companies and know the patterns for Day, 60-min, 15-min, 5-min.
Be patient and wait for the right pullback in price and a trade setup, preferably a DP with divergence.
Don't try to trade 'against' the overall market or against the sector momentum.
The longer the profit run, the longer the time scale on the ATR's and DP's to cash out and take profit.
Use MTP 'EOD' to 'find Elliott Waves' and get prepared for finding the end of 3rd and 5th waves.
Look for divergence to detect the end of the trend, and then shorten the timescale for selling, keeping your hand on the sell button.
If you love the stock and company fundamentally, get ready to buy it back with an appropriate pullback in stock price and a buy setup, as before.
My trades are still all pure stocks and not eminis. I believe that it is now possible to make huge money trading stock.
Best regards,
PS
If your customers trade stocks, or if they want to trade stocks, they should know that to make big money in stocks, some homework is needed on the companies they trade, in addition to your wonderful MTP tools, so that they can maximize every aspect that affects individual stock price. This combination is what turned me around.
Have a very nice weekend!"
I would like to pass on a quote from an email I received from a current MTPredictor customer over the weekend. he would like to remain anonymous, but with a 10% return just last week, it does show that there are some great profits available in Stocks....
Steve
"Steve,
This week was unbelievable for me. I was up over 10%, and it required doing very few trades, but doing 'smarter' trades that required judgment, experience, and some fundamentals, in addition to using your great technical tools. It also required holding positions over several days or longer. I use a very flexible system of time scales, looking out over short and long scales at the same time, DP's and ABC's and ATR's, and using this information as an intuitive judgment as to how long to ride out a position before punching in the profit.
While my formula sounds complicated, it really is fairly simple:
Find secular bull market industry groups.
Find great leading companies in these markets with high growth prospects, high earnings momentum, etc.
Open up MTPredictor on these companies and know the patterns for Day, 60-min, 15-min, 5-min.
Be patient and wait for the right pullback in price and a trade setup, preferably a DP with divergence.
Don't try to trade 'against' the overall market or against the sector momentum.
The longer the profit run, the longer the time scale on the ATR's and DP's to cash out and take profit.
Use MTP 'EOD' to 'find Elliott Waves' and get prepared for finding the end of 3rd and 5th waves.
Look for divergence to detect the end of the trend, and then shorten the timescale for selling, keeping your hand on the sell button.
If you love the stock and company fundamentally, get ready to buy it back with an appropriate pullback in stock price and a buy setup, as before.
My trades are still all pure stocks and not eminis. I believe that it is now possible to make huge money trading stock.
Best regards,
PS
If your customers trade stocks, or if they want to trade stocks, they should know that to make big money in stocks, some homework is needed on the companies they trade, in addition to your wonderful MTP tools, so that they can maximize every aspect that affects individual stock price. This combination is what turned me around.
Have a very nice weekend!"