Today’s webinar covered both the basic trade setups that the software provides as well as some of the advanced trade setups that we located using the tools in the software. As always, everything we do is within the context of our 4 step trading process:
1. Find a trade.
2. Assess the risk/reward
3. Determine your position size.
4. Control your exit strategy – cut losses short and let the winners run.
Click HERE to view the recording
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MTPredictor runner up 2011 Readers' Choice Award for best futures trading system.
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Read the MTPredictor article in the Sept/Oct 09 issueJan 12
22
Fed Week + The Holy Grail
Once again, we come upon Fed week. This used to be a big event for the markets but once the Fed buried the interest rates at artificially low levels and held them there, it has been pretty dull for traders. Expect more of the same with this weeks announcement. This day will become prominent again when the Fed begins to move interest rates. Don’t expect to see that happen until the real estate market begins to clearly recover. Chairman Bernanke said at the beginning of the economic crises that it was real estate that got us into this mess and it would have to be real estate that gets us out. This is one thing I agree with him on.
As for the trading, well, it continues to be very good for those traders who can manage their initial risk and find those very low risk, high reward type trades. Once again, Steve Griffiths, MTPredictor developer, outlines one of the lowest risk, highest reward trades you will find. He calls it the Holy Grail trade. These trades unfold in all markets and time frames. Check out his analysis using the MTPredictor Elliott wave and Fibonacci trading software in tonight’s video:
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Jan 12
19
Do What 95% of Traders Can’t
It is said that 95% of stock and futures traders lose money. In the forex market, I have heard figures as high as 99% of traders lose money even though they are having more winning trades than losing trades. The reason is that most traders take small winning trades and big losses. They do not know how to control their initial risk, position size and they typically have targets that are too small or no target at all.
MTPredictor will help correct this major trading problem. How? First, the software will provide you with an entry, stop and target that is at least twice the size of your initial risk. Next it will tell you the exact size of the position you should take based on your account size how much you want to risk per trade. The recommendation is that you don’t risk more than 2% of your account on any 1 trade. You may want to start with less. It does all this for you before you enter a trade.
You can see how this all works using the MTPredictor Elliott wave and Fibonacci trading software for stocks, commodities, futures and forex:
Click HERE to watch the recording.
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Steve Griffiths, developer of MTPredictor outlines his favorite trade – The Holy Grail Trade Setup:
Hi Everybody
Here is a great example of my MTPredictor Holy Grail trade setup that unfolded yesterday on the 3min YM
As you can see, we used the DP support on the 15min Chart to determine the “larger degree” trend, this then setup the Holy Grail TS3 buy.
The result was a massive +9R Profit (ignoring slippage and commission) !
This is why the Holy Grail setup is my favourite MTPredictor trade setup…………….
Thanks, Steve
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Jan 12
12
Advanced Analysis Using MTPredictor
Today’s MTPredictor trading webinar focused on using the software above and beyond the automatic trade setups that the software provides. We looked at today’s markets through the eyes of an advanced trader using the tools in the MTPredictor trading software. As always, we do this while using our 4 step trading process.
Check out the webinar recording HERE
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