Steve Griffiths
06-20-2005, 06:04 AM
Hi Everybody,
As another great example of a FOREX trade using MTPredictor please see the chart below. This is a daily chart of the EUR/USD. Here the market fell sharply off the perfect "manual" Wave C sell back in March. The market has just started to reverse off the Typical Wave 3 WPT projected profit target.
But the point is that MTPredictor would have captured the whole of this dcline and just banked a porfit of 7x the initial risk (ignoring slippage). As such this would have been a great trade.
Thanks
Steve
As another great example of a FOREX trade using MTPredictor please see the chart below. This is a daily chart of the EUR/USD. Here the market fell sharply off the perfect "manual" Wave C sell back in March. The market has just started to reverse off the Typical Wave 3 WPT projected profit target.
But the point is that MTPredictor would have captured the whole of this dcline and just banked a porfit of 7x the initial risk (ignoring slippage). As such this would have been a great trade.
Thanks
Steve