Steve Griffiths
11-01-2005, 07:37 AM
Hi Everybody,
I would just like to share a trade from a new MTPredictor user (Thanks to Eric) where he shorted the EMD (S&P MidCap 400) from the high of the day yesterday to catch the sharp decline in the last hour of trading yesterday - great trade Eric....
The chart shows how the automatic routines in MTPredictor found a 5 wave rally into the high. But notice how the high of the day was right at the minimum Wave 5 WPT. With a red (sell) reversal bar at WPT resistance there was the oportunity for a short trade here.
As you can see, this caught the sharp fall beautifully:)
Steve
I would just like to share a trade from a new MTPredictor user (Thanks to Eric) where he shorted the EMD (S&P MidCap 400) from the high of the day yesterday to catch the sharp decline in the last hour of trading yesterday - great trade Eric....
The chart shows how the automatic routines in MTPredictor found a 5 wave rally into the high. But notice how the high of the day was right at the minimum Wave 5 WPT. With a red (sell) reversal bar at WPT resistance there was the oportunity for a short trade here.
As you can see, this caught the sharp fall beautifully:)
Steve