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

EURJPY – lovely TS3 sell

Hi Everybody,

The EURUSD was not the only Euro cross rate with a great trade, please see this 1hr chart on the EURJPY. As you can see, not only did the DP nail the recent high a few days ago............... But we also had a lovely TS3 sell that would have had you short just before the recent sharp decline....

As the STF was strong, standard traders would have swapped to the ATRStop, which is currently locking in +7R Profit (ignoring spread)

Another great example of the MTPredictor tools and routines at work in the FOPREX markets.....

Thanks, Steve

Euro does it again...........

Hi Everybody,

Here is another great example, this time on the EURUSD 1 hr chart.

As you can see, there was a lovely DP sell that nailed the high, just before the recent decline. With a nice +5.7R Profit (ignoring spread) at the initial DP target (as the STF was weak), this was a nice trade and a great example of the MTPredictor automatic setups in action. ............

Thanks

Steve

Euro collapse part 2

OK, now we have established that the 4hr chart was at DP resistance, can you see that the `hr Chart was also at DP resistance as well. This was the cue for a short trade.

AS you can see, this got you short as the Euro started to decline. The GBPEUR then went straight though the initial minor DP target ans the short tarde is now being managed using the ATRStop.

With a current Profit of +7R (ignoring spread), this is turning out to be a good trade. So while all the Bankers run around like headless chickens not knowing what is happening, MTPredictor customers are quietly and confidently making money :)

Thanks, Steve