Mtpredictor
BTC / USD : 180310Saturday March 10th through Friday 16th
I see BitCoin fighting between the areas of
9720 and 8365
up and down between a 12% range
mixed emotions on both sides.
all feeling the highs , lows , and uncertainty of the future.
once it breaks above 9720 and holds, then it should confirm the uptrend and i would expect a minimum of 10-13%
prediction is
Friday the 16th we reach 11000
Make or Break Time in ES with the Fed AheadWednesday, Jan. 20th we saw the ES complete a wave 3 down into MTPredictor daily Decision Point support. Our MTPredictor volume indicator (VSA) closed red which indicated that professionals may be buying this level. This was confirmed at the close when we finished the day with blue buyers candle. When Wednesday’s high was taken out on Thursday, the rally into wave 4 began.
This sets up a big make or break, wave 4 area heading into Wednesday’s Fed announcement on interest rates. The wave 5 target to the downside is 1,790. If we, however, start to see closes above 1,972, then look for a rally back up to 2,000.
DAX - Daily long with R/R ratio 4.7MTPredictor's software generated low risk high reward scenario on DAX. Long, stop and target are automatically calculated by software. STF trend indicator is blue, that is indicating trend is up.
This is the setup:
Long at 11071
Stop at 10863
Profit target at 12059
Profit around 8%
Risk Reward ratio 4.7 (that means i am risking 1 unit to get 4.7 units)
In this trade, my reward is 4.7 times bigger than what i am risking, so this is good trade to take. I don't know does DAX get to my goal, all i know is that my risk is constant and controlled, and that's is only what matters!
Only thing i can control on market is my risk !
QQQ Daily Long The MTPredictor TS3 is long in the QQQ and the DIA. The 100% initial risk line has been reached so stops to break even.
Dow juts recahed its MTPredictor Profit targetHi Everybody, here is a quick update on the recent MTPredictor TS4 buy set-up in the Dow, As you can see this has just reached its Profit target........
Monthly DP support on the EuroThe monthly Chart of the EURUSD is in a very interesting position. The recent sharp decline has halted right at our MTPredictor DP support zone..... So the question now is whether this support will hold in the longer term.
Is the US Stock Market at a High ?The ES (S&P) is at MTPredictor DP Resistance now, we are just waiting for confirmation of a Reversal. So the the next few days could be very important as we see whether a Major high is confirmed at this DP Resistance zone.
Same BUY on the EURGBPHi Everybody, The long setup on the 5min EURGBP was slightly clearer because the initial low came off a MTPredictror automatic DP buy setup on the 15min Chart, So I think this was an easier setup to spot because of the better "higher time frame" (15min) support.
MTPredictor TS3 buy setup on the EURUSDHi Everybody,
After the double bottom in the EURUSD after the Greek election, this MTPredictor TS3 buy setup was a chance to get long as the EUR rallies
EURUSD at DP monthly supportHi Everybody, In the backdrop of all the uncertainty of the Greece elections, the EURUSD has now reached MTPredictor DP support, so will this be a low on the EUR or on a temporary pause in a later decline, we will have to watch this monthly support closely over the next few months to see
MYL MTPredictor TS1 Holy Grail ShortHere is a good example of my favourite MTPredictor trade setup. We call this the Holy Gail, because it has the "potential" to run to the Typical Wave 3 WPT. If the short gets there it will be a possible 7R (7x initial risk) trade. So lets see how this unfolds.....
ES Daily ShortHi Everybody, I have been away and missed being able to post this MTPredictor daily short trade on the ES (S&P) at the time of the initial setup, but I wanted to update you all now. As you can see, the recent high on the ES came in nicely at our MTPredictor daily resistance zone. So lets see how much further this market can fall ?
Emini with new ABC setupThis is an alternative setup based on my prior trade idea.
This setup has now a confirmed ABC elliot wave pattern that normally gives potensial for high R trades. The tradesetup has a RR of 4,3 with entry at 2080 and stop at 2079 and target at 2088.
Target is now at a typical Wave 3 level that has the confluence with higher timeframe supply. I will consider trailing the the long at target it the momenentum is strong with an ATR stop.
E-Mini bouncing from higher timeframe demandESH2015 (E-mini) has setup a long signal in the Globex session from a higher timeframe (15min) demand levels. Drilling down to smaller timeframe to get a better risk reward I have a long level that has triggered based on the demand at this level and the indication of institutional buying at this level based on an abnormal high volume spike prior to the long signal bar. When we get a high volume into a supply or demand where we se a change in direction that indicates that there is stepping in larger participants buying and not selling at todays level.
The drawdown with the quality of this levels is the fact it is based outside the normal tradinghours. Still I find the R/R of 3,8 towards the oppsing higher timeframe supply interesting.
See chart for entry, stop and target and position size based on 2% risk on a $20 000 account.
Update / Trademanagment:
The tradesetup has come to the target. Here you can choose if you would like to extend the target as the MTP STF indicator is showing relative strenght at the moment coming to the higher timeframe supply. You can either taking out the almost R 4 trade (return is close to 4 times more than your risk) or you can trail with ATR stop show in the chart as dots.
Cotton - Heading down again.New setup in Cotton formed from a DP level that has a confluence with an ABC correction. This is one of the clearest Elliot wave patterns to play. The setup is giving a Risk Reward ratio at 2.5 at the quite conservative typical Wave 3 target. As an extra odds enhancer it was an VSA spike in the volume moving the price towards the entry.Target is in front of the swing low from 20 november. Last setup with this technical analyses was from a Decision Point that was at same level as a Elliot Wave 5 level and gave a very healty reward in R. In all my technical trading I like to stack my odds together at the entry levels with preferably more than one technical structure.
GDXJ Potential Short SetupThe Junior Gold Minors GDXJ finished a wave 3 down on the daily chart. It has now completed an abc correction into wave 4. The MTPredictor indicators generated a TS2 automatic sell signal at 27.14 with a stop at 29.77. The initial target is 21.99 which is the minimum wave 5 target. If price does not hit 27.14 (the entry) and instead moves above 29.77 first, then the trade is invalidated.
If the Swiss referendum fails, we may see further declines in these stocks.
ES (S&P500) is also now at DP ResistanceHi Everybody.
The ES has now joined the YM and NQ (please see my previous posts) at its MTPredictor DP resistance. So now all 3 main US Indices are all in their respective MTPredictor Resistance zones, we need to start looking for signs of a reversal and a possible Top.....
Trading with the Higher time frameHi Everybody,
I wanted to make this Post today to show how the best MTPredictor trades are taken when the set-ups are "with" the Higher Time Frame. A great example was today when the GBPUSD made a automatic MTPredictor DP sell on the 60min chart, BUT this also fell at 240min DP Resistance. In other words the shorter time frame set-up fell at higher time frame resistance.
The GBP has just reached is first Profit target.
So this is an Educational post to show how trades are best taken when they fall with the larger degree trend (or at larger degree support or resistance).
Thanks, and I hope this helps
Steve
Nasdaq resistance at our MTPredictor DP zone ?The Nasdaq looks to be finding resistance at our MTPredictor DP zone, so lets see how the next few days unfold....
Nasdaq makes new highs, but is resistance near ?The NASDAQ rallied though the last minor MTPredictor DP resistance without confirming a high, and has now almost reached the next MTPredictor DP level, please see the chart. So will this level hold, we will have to wait and see
MTPredictor Update on the NasdaqThe recent rally on the Nsadaq has now reached the next MTPredictor DP resistance zone. With the Fed speaking later today, (that may well move the market), the question is whether this resistance level will hold and we get a decline from here ? Lets wait and see................
