Tony Beckwith
05-08-2008, 04:31 AM
Hi to traders on the European stock markets
This example on Belgium shows how to use MTPredictor EOD fully to find superb, risk-controlled trades.
1. In the Scanner, click Advanced>Minor>ABC - this finds small ABC patterns.
2. See if the previous trend can be extended so the ABC could be a correction (dotted line in the screenshot).
3. Here, the red STF is disregarded as this is a potential TS1 (1st correction to a move off an important low).
4. Project the DP off the high to get a 1st target.
Result: open profit of +3x currently protected by the trailing stop.
Tony.
This example on Belgium shows how to use MTPredictor EOD fully to find superb, risk-controlled trades.
1. In the Scanner, click Advanced>Minor>ABC - this finds small ABC patterns.
2. See if the previous trend can be extended so the ABC could be a correction (dotted line in the screenshot).
3. Here, the red STF is disregarded as this is a potential TS1 (1st correction to a move off an important low).
4. Project the DP off the high to get a 1st target.
Result: open profit of +3x currently protected by the trailing stop.
Tony.