Perfect Elliott Wave patterns

Hi Everybody,

In the Advanced Blog today I was looking at “perfect Elliott Wave patterns” and was showing that they still unfold on the US e-minis with great regularity. But what of FOREX, a market that is dominated by system trading ?

Well just look at the attached chart, where the recent low on the EURGBP 1 hr chart fell not only right at our DP support zone, but the last swing into the low was a perfect 5 waves, with the low right at the Typical Wave 5 WPT as well !

I still find it amazing when markets turn exactly at anticipated level like this, and in MTP you have the tools to then be able to take advantage of this....

Thanks, Steve

USDCHF – 1hr chart

Hi everybody,

A great DP trade has just completed on the USDCHF 1 hr chart. As you can see, the STF was strong as the first DP target was reached, so the ATRStop was used for trade management. The result was a very nice +5R Profit (ignoring spread)

Thanks, Steve

Longer time frames

Hi Everybody,

I have said this a number of times before, but it is worth re-stating. Forex works best on the longer time frames, for example 1hr and 4hr charts....

Here is a great example on a 4hr Chart of the USDCAD, where the recent TS4 sell has just reached the initial profit target. As the STF is strong, it is time to swap to the ATRStop....

Thanks, Steve

EURJPY +9.8R Trade

Hi Everybody.

I have been following the EURJPY for a few days now, and I was please to see how the recent TS3 short trade has just reached the first projected profit target, where +9.8R Profit (ignoring spread) was available.

Another great example of a standard and automatic MTPredictor trade in the Forex market :)

Thanks, Steve