Gold hit its MTPredictor Elliott wave and Fibonacci trading software for stock, commodities, futures and forex’s big 12 to 1 risk/reward target.  The target sat at 1280.40 and was reached on Friday.

The YM is still in weekly consolidation mode trading between its weekly 50 and 200 period moving averages.  There is a DP upside target that we could potentially see.  Check this weeks video for those details.

This is Fed week after Quadruple Witching Friday.  Expect things to be slow until Tuesday after 2:15 PM EST when the Fed releases their decision on interest rates and its outlook going forward.

MTPREDICTOR™ TRADING SOFTWARE

Control your Trading Risk in 2010 and win…

• Find low risk trade opportunities
• Assess which trade is worth the risk
• Determine how much to risk on each trade
• Control your exit strategy – cut losses/run profits
• Choose between real-time or end-of-day trading tools
• Master your trades in stocks, commodities, futures and forex
• Are you tired of losing with other Elliott wave software?
• Have you heard enough false claims of ‘easy profits’?

Be Sociable, Share!

• 

Tags: 200 day moving average, 50 day moving average, commodities, day trading, decision point, elliott wave, elliott wave software, fibonacci, fibonacci trading software, futures, gold, mtpredictor trading software, stocks, trading, trading software, YM

This entry was posted on September 19, 2010 at 4:55 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Posted in Blog by admin No Comments Yet