Eddo
10-06-2005, 02:55 AM
Well well MTP RT has done it again with this perfect sell set up yesterday which sent me off to bed with a silly grin all over my face.
Interestingly, the Esignal Efs whilst producing the Red reversal bar just after 19:00 UK time (about 2:15 in New York) did not display an MTP set up, however I always manually test all Red or Blue setup bars on MTP RT and hey ho look what it found.
The other interesting point (and Iam sorry to keep banging on about it) but as you will see from the first picture, the good old 5 min TRIN ensured that I only looked for Short trades yesterday - it shot over 1 after about 30-45 mins of the market open and stayed there all day - so whilst there was a blue reversal bar at around 18:00 UK time, I didn't look twice at that.
Anyway Iam sure lots of us caught the big move down later in the day, and from my point of view, all thanks to MTP - as long as I stick to the money management rules this is as close as having a licence to print money as I have ever come across :)
Interestingly, the Esignal Efs whilst producing the Red reversal bar just after 19:00 UK time (about 2:15 in New York) did not display an MTP set up, however I always manually test all Red or Blue setup bars on MTP RT and hey ho look what it found.
The other interesting point (and Iam sorry to keep banging on about it) but as you will see from the first picture, the good old 5 min TRIN ensured that I only looked for Short trades yesterday - it shot over 1 after about 30-45 mins of the market open and stayed there all day - so whilst there was a blue reversal bar at around 18:00 UK time, I didn't look twice at that.
Anyway Iam sure lots of us caught the big move down later in the day, and from my point of view, all thanks to MTP - as long as I stick to the money management rules this is as close as having a licence to print money as I have ever come across :)