Hi 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
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
MTPredictor Elliot Wave in Isolation Trading View Scripts are available at mtpredictor.com.
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MTPredictor Elliot Wave in Isolation Trading View Scripts are available at mtpredictor.com.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.