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MTPredictor Software reviews

  #77 (permalink)

Chicago
 
 
Posts: 143 since Jan 2015
Thanks: 2 given, 61 received


Deucalion View Post
@Arno66, unless you use the mention tag not going to see your comment. Sat through a couple of VT's webinars. Good but not impressive. Read his book - same sentiment. MTP is better. The simplicity with which its puts risk control processes in practice is admirable and rare. But here is my own takeaway from either. Neither is perfect. Not sure how one can really drive down the concept that risk control is everything (without getting killed in the process).

Trading is all about sitting in the tall grass. Very quietly. You need to kill, knowing very well that you might end up being the prey.

Two examples from today - I stalked crude patiently today, and it just about cut my head off with its relentless whiplash. Then, in the afternoon, ES gave me more than what I wanted with little or no drama in little or no time. It all about surviving.

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It was a good day at the end, but only after hours of chop - the patient did get rewarded. That is all either MTP or VT are about.

Some of this could have been known with market geometry and free line drawing tools. Cannot comment further until I review their videos to see what this chart means.
ABC correction to me is what I call a double bottom pullback after and up move, very reliable.
Larger trend touch of support to me is price support based on the breakout bar area, retouch of the descending channel. Also a double bottom reversal.
No software needed, at least on that chart.

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