Take a look at DLTR ( Daily )

[KEPILOT]

Hi Steve and every one,

I came across this trade set up on DLTR. The set-up looks great. But, on the big picture ( for this stock ), the whole trend is bullish, so I am not sure how to handle in situations like this.

KE

( Sorry, still learning how to attach charts, no luck so for )

[Biggo]

Hi Steve and every one,

I came across this trade set up on DLTR. The set-up looks great. But, on the big picture ( for this stock ), the whole trend is bullish, so I am not sure how to handle in situations like this.

KE

( Sorry, still learning how to attach charts, no luck so for )


Hi Kepilot

This is an interesting one..
I am already long this stock I have attached a chart showing you the historic set-up on this.

The trade I assume you are looking at is the bearish ABC.

For obvious reasons I am bias towards the long side.

My argument from a TA point of view would be that Monthly Weekly & Daily timeframes are all above the 20 pma. . So if all timeframes are UP I want to be long.

It would be interesting to hear what the MTP guys position on these situations would be


p.s. I use snag-it for attaching & reducing files for carts..

[KEPILOT]

Hi Biggo,

I agree with your TA. I think your long is the way to go. The current wave is the correction wave to the initial up move / impulse move. The current move does not fit the criteria for the correction wave, hence would ignore it. But, that is just my way of looking at it. Hope some will confirm or correct me. :confused:

Once again thanks for your input. I like this forum. Just today I ordered RT. I did read your feeling towards RT and agree with your analagy.

Best Regards,

KE

[KEPILOT]

Steve,

Can you please commend on these contradicting charts. Wha show we look for ?

THanks
KE

[Biggo]

Steve,

Can you please commend on these contradicting charts. Wha show we look for ?

THanks
KE


Hi Kepilot

I am not sure if Steve has the time too check every post that is made to the forum as I am sure his hands are pretty full most of the time. You may do better to e-mail the support e-mail address & I am sure they will answer the query. I would be interested in the answer also

[KEPILOT]

Hi Biggo,

Will try that avenue.

Thanks and Good Trading.

KE

[Biggo]

Hi Kepilot

I got stopped out of this for a small profit. I tightened my stop due to the conflickting patterns.
I would be interested in what steve said in his reply to you...

Thanks

[Steve Griffiths]

Hi Guys,

Correct I can't look at every post all of the time, I try my best, but I am only one person ..... :)

If you have a question then it will be easier to email support@MTPredictor.net directly, they will be able to answer you more quickly.

But to answer your question. I use the KISS stratergy (Keep It Simple Stupid) where I "just" look at each set-up "in isolation", then trade and manage accordingly, this helps keep things easy.

I hope this helps ?

Steve

[Steve Griffiths]

As a PS,

See how DTLR reached the level of the Wave 1orA WPT before reversing off the Mar 10 TS2 low. This is classic MTP as outlined in Part 2 of the trading course......

As such, this was the first minor area where you should have been protecting yuor profits on the prior long trade....

Thanks

Steve

[Biggo]

Hi Steve
Thanks for clearing up my confusion on DLTR. You make it seem so obvious & easy:o . I am getting the hang of MTP but really appreciate all your continued support & training :)

[Steve Griffiths]

No problem,

glad to help................ :)

[Biggo]

Another poss TS3 Buy:)

[STEELML]

I always try to look at the chart and manually determine if the stock and MTP predictor coincide. This stock may move up, but from what I can see on a manual basis is that this is not an ABC correction to the prior wave up, but a wave 5 downtrend that began on 2-17-06. Of course I could be wrong but this is not a stock I would trade simply because of my uncertainty about it's current wave position.

I have found that I am much more successful with MT Predictor when the chart agrees manually. If I cannot find something in agreement, I don't trade.

[durgesh147]

I always try to look at the chart and manually determine if the stock and MTP predictor coincide. This stock may move up, but from what I can see on a manual basis is that this is not an ABC correction to the prior wave up, but a wave 5 downtrend that began on 2-17-06. Of course I could be wrong but this is not a stock I would trade simply because of my uncertainty about it's current wave position.

I have found that I am much more successful with MT Predictor when the chart agrees manually. If I cannot find something in agreement, I don't trade.


C waves are impulsive.They subdivide into 5 smaller waves.

[durgesh147]

I had a glance at this real estate stock .
Although the software din pick the TS1 , i did it manually.
Overall, its doing well. :)

[Biggo]

I always try to look at the chart and manually determine if the stock and MTP predictor coincide. This stock may move up, but from what I can see on a manual basis is that this is not an ABC correction to the prior wave up, but a wave 5 downtrend that began on 2-17-06. Of course I could be wrong but this is not a stock I would trade simply because of my uncertainty about it's current wave position.

I have found that I am much more successful with MT Predictor when the chart agrees manually. If I cannot find something in agreement, I don't trade.

Hi Steel

I look for the next highest timeframe to participate in my trades.
I have attached Weekly with my thoughts on the wave count for the bigger picture

Cheers

Biggo:)

[marketwaves]

Hi there Durgesh

What do you think of this one ?
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http://www.ttrader.com/mycharts/display.php?p=39727&u=marketwaves&a=marketwaves&id=1146

[marketwaves]

ANOTHER LOOK AT DOLLAR TREE STORES
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http://www.ttrader.com/mycharts/display.php?p=39728&u=marketwaves&a=marketwaves&id=1146

[marketwaves]

Hi there Durgesh

What do you think of this one ?

here is the correct link fom the above post .
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http://www.ttrader.com/mycharts/display.php?p=39732&u=marketwaves&a=marketwaves&id=1146