Trade of the day for Dec 9

[Steve Griffiths]

Hi Everybody,

Another great example of an Automatic MTPredictor set-up as found by the RT Scanner.

The chart below show a TS2 long trade on a 5min NQ (Nasdaq mini future) Chart that returned a profit of nearly 6x the initial risk (ignoring slippage and commission) in 30 just mins !

Thanks

Steve

[stevej]

Is this a valid entry? Price has exceeded the support WPT 4 times including the reversal bar.

[Tony Beckwith]

stevej

Thanks for the question.
It is valid depending on the guidelines you employ - provided you use them consistently, all the time.
However, if following the very strict Trading Guidelines for RT 4.0 trading the US index futures+ETFs (Daily Roundup report), it is not.
I hope this helps?

Thanks

Tony.