YM does it again.

[Steve Griffiths]

Hi Everybody,

Here was a great TS1 buy set-up that came off the 60min Wave C low on Friday. As you can see, using the 20 period moving avearge would have kept you long all day for a profit of over 10x the initial risk (ignoring slippage and commission.

Thanks

Steve

[Steve Griffiths]

Hi Everybody,

How did I know to look for long trades on Friday ?

Well, the 60-min YM was comming off a perfect Wave C low, please see below, as such the odds on were for a rally on friday, hence letting the 5min YM long trade run.

The chart below shows how the 60min low was right at the Typical Wave C WPT !

As you can see, when everything comes togther you can get some great trades ................... !!

Thanks

Steve

[Muddy Farmer]

Here's a set up from today's Australian market, a 76:1 risk reward (as I understand it). For whatever it's worth, it was my first time using MTPredictor!
1 minute interval on the $XJO (ASX S&P 200). The software signalled a short, with an initial 4:1 risk to reward. So I started tracking it.
It promptly crashed through the Typ Wave C, then the Typ Wave 3, bounced off Max Wave 3 briefly before turning south, and kept going down until market close. It finished at 3986 - a staggering 76:1 risk to reward!
Mind you, I was merely setting up the software for the first time to make sure it runs OK!
Gulp.
Guess what I'm doing from now on - re-installing the software and setting it up before trading. Just kidding. :)

Cheers,
Muddy Farmer.