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MTPredictor Webinars / MTPredictor Training Room Link for Tuesday Jan 17th
« Last post by MTPAdmin on January 16, 2017, 06:11:19 PM »
Join us for the Tuesday's MTPredictor Training Webinar webinar:
Schedule: Tues 10:30 AM EST - 11:15 AM EST 
Please click on the link below to register for the webinar:
In this Webinar, MTPredictor developer, Steve Griffiths will conduct Advanced Training with the MTPredictor software, to teach customers how to get the most from the software. this session is a MUST if you want to learn how to use MTPredictor to its full potential. 
After registering, you will receive a confirmation email containing information about joining the webinar.
Steve Griffiths
MTPredictor Ltd
Risk Disclaimer and Disclosure.
Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment adviser, before taking any action. Hypothetical or simulated performance results have certain inherent limitations.  Unlike an actual performance track record, simulated results do not represent actual trading.  Also, since the trades have not actually been executed, the results may have under or over compensated for the impact of certain market factors, such as the lack of liquidity.  Simulated training programs in general are also subject to the fact that they are designed with the benefit of hindsight.  No representation is being made that any account will or is likely to achieve profitable trades similar to those shown.
All trades shown are hypothetical, they were not executed. They are just shown for illustration and training purposes only.
There is risk of loss in trading and investing.  All trade decisions are your own sole responsibility.
Forex / Re: Forex with MTP
« Last post by Toatrader on January 13, 2017, 03:52:49 AM »
Trade number 2.

Yes, you could have taken that trade as long as you follow Steve's rules. ( if you're not 100% sure but still want that trade, bring your Stop to B/E at the 100%).

If you find it difficult to decide what trades to take, why don't you draw some major S/R points on your chart and ONLY take trades in the direction of the trend.

I don't know if you did but if you have a look at my screenshot , there were quite a few setups which you could have considered.

Best of luck with your trading
Forex / Re: Forex with MTP
« Last post by Toatrader on January 13, 2017, 03:23:24 AM »
Todays trade:

I'm not really the one who should give you advise but once the market reaches a MAJOR support/resistance
it changes ( in most instances) the direction.

This TS2 wasn't in the direction of the trend. On top of that it was also the end of a wave 5. As you see, this would have been a losing trade but a day later there was another wave 5 which is now touching the first resistance and your stop should have been moved to B/E. ( Steve's recommendation).
General Discussion / Re: Trading difficulties
« Last post by Alan Dunston on January 13, 2017, 01:16:04 AM »

I am certainly not as knowledgeable as Steve but given the wait on for setups on daily patterns, have you considered shorter timeframes?  The 60, 180 or 240 min charts will certainly give you some nice setups on a more frequent basis.  I don't trade FOREX but I have traded the futures version, 6A, 6B, 6E and 6J contracts on as low as the 2-3 minute timeframes with some level of success.  The futures contracts for those currencies in my opinion don't have as much noise as their FOREX cousins.  Just a thought.

Forex / Re: Forex with MTP
« Last post by jjkj67 on January 12, 2017, 01:44:17 PM »
Trade number 2...
Forex / Re: Forex with MTP
« Last post by jjkj67 on January 12, 2017, 01:19:58 PM »
Today's trade......   

Larger 240min trend up trading timeframe 15min  trend neutral -down.
Forex / Re: Forex with MTP
« Last post by Toatrader on January 12, 2017, 12:34:06 AM »
I trade Forex but not on the 15 min or 1 hour anymore, mostly on the 4hr chart and when a setup shows up on the daily.

EURJPY shows a DP at major resistance with a red MTPTrend and in direction of the trend ( 15 min chart) at 05 January and gives a 4.9 R.

From then on Bars go back up and make a double top.  After that Trend is down until it reaches the DP from Dec 29th what means , regardless what the MTPtrend shows, only sell trades should be considered.

(When you look at the 1 hour chart, you see that the MTPTrend is red).

I have mixed success with MTP but I'm on the winning side now. Another good thing is that before I bought MTP, I blew up three trading accounts but since I started with MTP, I'm still on that same account and winning.
Forex / Re: Forex with MTP
« Last post by jjkj67 on January 11, 2017, 09:15:12 PM »
No I did not get the VS setup on my charts....  Maybe different Data provider/broker.

I've also stopped taking VS and DP setups as these are reversals. Only taking TS1, 2 ,3 and 4 which are in the direction of underlying trend.

Forex / Re: Forex with MTP
« Last post by MTPAdmin on January 11, 2017, 06:30:43 PM »

Yes, that does look like a valid losing trade.............

Where you also following the 15min GBP today ? Where the 15min VS sell unfolded at higher time frame 60min Resistance ?

Forex / Re: Forex with MTP
« Last post by jjkj67 on January 11, 2017, 05:59:46 PM »
Trade taken during  London session.
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