Tony Beckwith
12-14-2007, 07:57 AM
Hi to traders on the UK markets
This is a great training example showing 1. automatically finding a Decision Point (DP) trade using MTPredictor EOD and 2. controlling your trade risk...
1. Click the Advanced tab and tick ABC to find Advanced ABC set-ups (TS4s)...ULVR is not a valid TS4 because the prior trand cannot be extended back above the C high, however it is a valid DP set-up because price is in the DP resistance zone with a red sell bar; there is STF indicator bearish divergence and it has a minimum +2x risk/reward potential at the opposing DP target...
2. price reached the 100% risk (risk/reward 1:1 level) yesterday so the protective stop can be lowered to break-even...a free trade.
Nobody knows what Unilever will do from here - but this is now a free trade, the best a professional trader can do early mid-trade...
Thanks
Tony.
This is a great training example showing 1. automatically finding a Decision Point (DP) trade using MTPredictor EOD and 2. controlling your trade risk...
1. Click the Advanced tab and tick ABC to find Advanced ABC set-ups (TS4s)...ULVR is not a valid TS4 because the prior trand cannot be extended back above the C high, however it is a valid DP set-up because price is in the DP resistance zone with a red sell bar; there is STF indicator bearish divergence and it has a minimum +2x risk/reward potential at the opposing DP target...
2. price reached the 100% risk (risk/reward 1:1 level) yesterday so the protective stop can be lowered to break-even...a free trade.
Nobody knows what Unilever will do from here - but this is now a free trade, the best a professional trader can do early mid-trade...
Thanks
Tony.