Futures setup valid ?

[jtrade]

Tony, Steve or Matt,

With the 3 scan restrictions OFF - as recommended for futures - I get 2 possible shorts this morning : TS2 for Coffee & TS3 for Wheat.
(If I can work out how to do it, the charts will be posted or attached below this text)
* As the high of each signal bar is withing the Typical Wave C zone and the ABC correction appears to be well-formed, would you agree that these are valid MPT set-ups ?
* Am I correct in understanding that as the scan restrictions were OFF, the Trade Set-Up/Risk:Reward function will not give any output (it does not) ? In this case, how would you estimate R:R and therefore viability of the trades ?

J.

[prh]

These would not be valid setups unless there is a red bar. It so happens that yesterday's daily bar is now red for coffee! So we have a valid setup (short) for coffee (KCZ5), and no setup for WZ5 (wheat).

The key is that you need a colored setup bar, red for shorts, blue for longs.

Hope this helps.

PRH