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Major Support and Resistance Using the DP

Published on July 14, 2011 By admin

In today’s free MTPredictor trading webinar we focused on the 4 step trading process and utilizing the MTPredictor Decision Point tool to look for areas of major support and resistance during the trading day. You can check out the webinar recording HERE

Friday’s Meltdown Plus

Published on June 5, 2011 By admin

The major US indices gaped down hard  on Friday to the lower end of the major wave 4 support.  The next major support will be in the Dow 12,000 area where the MTPredictor Decision Point support sits .  If we do see this area this week, don’t be surprised if we get a major bounce [...]

Greg’s Minor Holy Grail

Published on March 1, 2011 By admin

Once again, one of our MTPredictor trading software clients came up with an excellent trade he referred to as a minor holy grail – a bit of a take on Steve’s (MTP software developer) Holy Grail trade setup.  The client did a great job of using the 15 min chart to find both major Decision [...]

Deja Vu All Over Again?

Published on September 26, 2010 By admin

The US markets propelled higher on a nice short squeeze Friday.  We have now reached a daily resistance area that is an important make or break area (see chart ). Internally, the market continues to look unhealthy.  Mutual fund cash levels have been reported at an all time low.  Past occurrences have led to 2 [...]

Gold Hits the MTPredictor DP Target

Published on September 19, 2010 By admin

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 [...]