JPY - 240min Long

[Steve Griffiths]

Hi Everybody.

I agree with McDirt (from the prior thread) that the longer time frames are best for FOREX. MTPredictor has many professional traders following Forex, and they all tend to follow longer time frames, for example 180 and 240 mins. In forex longer is defiantly better.

Here is a good example of this on the 240min JYP/USD, a great TS3 buy set-up that worked out nicely :)

Thanks

Stve

[AlanD]

Steve,

Looks like a great setup but I'm curious to know if you would have been stopped out at the typical wave C (pink box) vice max wave C (orange box) based on the reversal of the candlestick and drop below the low of the previous bar's low. If that were the case, how would one realize the full extent of the move unless only partial profits were taken? Just trying to understand on my end.

R,
Alan

[Steve Griffiths]

Hi Alan,

Exactly, it depends on how many units you are trading and wheather you look to run part of your position using further out porfit targets.

Thanks

[durgesh147]

I have found a type3 setup on aussie weekly chart. Target is about 1000 pips from current levels.Nice long trade for long term players.

[nqcruiser]

Hey Good people

Is it possible to keep a log of the signals on the hourly and 30 minute of majors. That way people can easily see how MTP compares to the rest or other gurus, since U keep a daily running totals of wins minus losses. I dont think its necessary to post the charts but if u keep a trading log, people can easily see why the programme justtifies such expensive price tag.

Just my 2 cents.

[durgesh147]

A very good TS1 unfolding in EURCHF Daily chart .Although it'll be confirmed by tomm.

[durgesh147]

I am putting up the USDCAD daily chart.

[durgesh147]

usdchf : short
entry ; 1.3128
stop : 1.3159
target : 1.2950

[durgesh147]

This is how the trade is turning out to be..

[nqcruiser]

Dear Steven and other friends

I am only trying to find a way of promoting the product better with professional forex intra-day traders, especially the small funds traders. If you would post a running total of wins from 60,30 and 15 minute timeframes, I personally think it would do wonders for your market share. More people will have trust in your product in the smaller frames, rather than to wait 2 weeks or more for signals to come in the 4 hourly frames.

Its just my 2 cents as a mtp admirer and potential customer.

[Tony Beckwith]

Hi geiseb

Without the resources to document all asset classes on different timeframes, we're delighted and privileged to have some excellent forex traders using MTPredictor, some of whom are clearly posting on this Forum.
Their experience confirms that timeframes beyond, say, 3 and 5mins. can produce highly profitable low-risk trades.

Thank you for your continuing interest and for contributing!

Tony.