I am trading with the MTPredictor which is an Elliott wave count system that gives various setups with entries and targets I use it with the Rancho Denero Acme Market Analytics volume profiles, The Mtpredictor uses 3,5 and 15 minute charts for day trading . I also us the MtPredictor on longer time frame charts 60, 220 and the daily charts as well.
The 15 minute chart is the chart that I work off for trade setups and planing as the profile becomes dominate in trade planing on the 15minute chart along with the fibs as the Elliott wave count goes in tandem with the fibs as all Elliott Waves projections are the fibs extensions. I take the fibs from the last high to low.
Monday's trade, the market dropped at the opening and climbed back during the day getting to the 38.20% fib on the 15 minute chart as this was also a low volume node, a single from the MtPredictor at this point on the five minute chart gave me a me a good entry location for a sell:
1 in the direction of the dominate trend
2 At a low volume node for resistance
3 At the 38.20% fib
The setup entry was at 4643 which gives a rather large stop as needed with the today's volatility.