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Holy Grail on FDAX II
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Holy Grail on FDAX II

  #21 (permalink)
Elite Member
Coventry, UK
 
Futures Experience: Beginner
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TheSeeker View Post
Here's the chart showing what I mean by combining supply/demand zones with fibs ( since that's what MT Predictor is all about, appart from the elliot waves).

Notice the supply zone drawn in from October. This zone get's confirmation by two 127% fib extensions from prior swing points.

I believe the DP points are nothing else but 127% fib extensions -correct me if I'm wrong.

Interestingly, in this youtube video, MT Predictor had marked the very same level ( around 1444) many days in advance.



How to Fade a Gap Using MTPredictor - YouTube

Thank you for the chart. I guess that the supply/demand levels and the decision points work in a similar way. They are a place where the market lets you know what it is doing. I guess that's why it is called a decision point, it is a point where the market trend could change or carry on thus giving you reason to enter a trade or hold off from doing so. The advantage of waiting for the wave 3 setup is that it gives you confidence that the market is heading in a distinct direction and not whipsawing in a range.

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  #22 (permalink)
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There is a trade on the 9th November that doesn't follow the guidelines of this setup to the letter but maybe is an useful example of a decision point as a place to find an entry into a trend.

There was a high on the 7th November and prices fell afterwards. If you wanted to get into the downtrend you would want to do so at larger degree resistance. In this example there were 4 trades on the 2 min chart, the first two were losses but the 2nd two were profitable. I doubt I would have traded this but these trade signals have a passing similarity to the previous posts on this thread and are worth sharing.

Attached Thumbnails
Holy Grail on FDAX II-9th-nov-2012-15-min-short-speculate-attempt-grab-hold-downtrend.jpg   Holy Grail on FDAX II-9th-nov-2012-2-min-1st-losing-trade.jpg   Holy Grail on FDAX II-9th-nov-2012-2-min-2nd-losing-trade.jpg   Holy Grail on FDAX II-9th-nov-2012-2-min-ts4-analysis.jpg   Holy Grail on FDAX II-9th-nov-2012-2-min-ts3-analysis.jpg   Holy Grail on FDAX II-9th-nov-2012-2-min-ts3-exit-atr-10r.jpg  
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  #23 (permalink)
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This trade on the 19th November carries on the theme from the previous post; There was a major low and now you are looking to go long.

There are three trade signals on the 2 min chart and one on the 3 min chart. It's up to you and your personal style of trading to consider which you would take and on what timeframe. When managing multiple trades at the same time I do not want to take a loss than is greater than my initial stake. Therefore for each new trade, bring the stop loss level of earlier trades up to breakeven.

This is a good example of how allowing a trade to run with an atr stop can increase your overall profits, rather than exiting at a preset target.

Attached Thumbnails
Holy Grail on FDAX II-19th-nov-2012-15-min-long-speculative.jpg   Holy Grail on FDAX II-19th-nov-2012-2-min-ts4-exit-atr-10r.jpg   Holy Grail on FDAX II-19th-nov-2012-2-min-ts3-exit-atr-15r.jpg   Holy Grail on FDAX II-19th-nov-2012-2-min-ts1-exit-14r.jpg   Holy Grail on FDAX II-19th-nov-2012-3-min-analysis.jpg   Holy Grail on FDAX II-19th-nov-2012-3-min-exit-atr-15r.jpg  
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  #24 (permalink)
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The trade on the 23rd November had signals on the 2, 3 and 5 min charts. It follows the standard setup for a wave 3 trade.

The 2 min had 2 signals, one losing and one profitable. There was one signal on the 3 min and 5 min chart.

It rounds off a profitable month for this approach on the Dax.

Happy Hogmanay to everyone.

Attached Thumbnails
Holy Grail on FDAX II-23rd-nov-2012-15-min-long.jpg   Holy Grail on FDAX II-23rd-nov-2012-2-min-losing-trade.jpg   Holy Grail on FDAX II-23rd-nov-2012-2-min-2nd-trade-analysis.jpg   Holy Grail on FDAX II-23rd-nov-2012-2-min-2nd-trade-wave-3-target.jpg   Holy Grail on FDAX II-23rd-nov-2012-2-min-2nd-trade-exit-atr-10r.jpg   Holy Grail on FDAX II-23rd-nov-2012-3-min-analysis.jpg   Holy Grail on FDAX II-23rd-nov-2012-3-min-wave-3-target.jpg   Holy Grail on FDAX II-23rd-nov-2012-3-min-exit-atr-11r.jpg   Holy Grail on FDAX II-23rd-nov-2012-5-min-analysis.jpg   Holy Grail on FDAX II-23rd-nov-2012-5-min-wave-3-target.jpg  

Holy Grail on FDAX II-23rd-nov-2012-5-min-exit-atr-9r.jpg  
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  #25 (permalink)
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Reviewing November on the Dax

November's stats are a mixture of trade types. Two speculative examples for advanced traders and some standard plays. The trades occurred on the 1st, 9th, 19th and 26th. The 9th and 19th were the speculative examples. Some of the trades may have moved too quickly to be entered and that does reduce the effectiveness of this approach given the low number of opportunities per month.

2 min
9 trades, 66% winners.
Exit at ATR for a total of 63.1R

3 min
2 trades, 100% win
Exit at ATR for 22.6R

5 min
2 trades, 50% win
Exit at ATR for 8.3R

This is an exceptional month and results may vary over different markets. I am aware of another trader who used this approach for the NQ, 6B and 6E. In July his monthly total was -2R, in August it +31R. I believe there has been little activity in December so its monthly total may be close to nil. It may require an actively traded market with sufficient volume.

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  #26 (permalink)
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looking forward to another year of space fillers

Thanks for this continuing series of posts that look so much like advertisements. Posts by a tight knit club of a select few. I look forward to not using your magical system.

The use of the dopey term Holy Grail as anything other than a put-on is just another little nice touch.

@TheSeeker has found The Holy Grail. Maybe he lives on Planet @jorune. I wonder if these "trade results" are fantasy fiction. Jorune - Wikipedia, the free encyclopedia. Give me a break.

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Last edited by Zondor; January 1st, 2013 at 03:51 PM.
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  #27 (permalink)
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I can't see any difference to vendor advertising too. If jorune said, all of the stuff is also shown on the MTP marketing channels, so there is no need to duplicate this at BigMike. I'm still curious why MTP is the own trading systems vendor at "Platforms and Indicators" main page. I hope that this isn't an sponsored link. But i'm sure BigMike has everything under control and verified this before.

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  #28 (permalink)
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Zondor View Post
@TheSeeker has found The Holy Grail. Maybe he lives on Planet @jorune. I wonder if these "trade results" are fantasy fiction. Jorune - Wikipedia, the free encyclopedia. Give me a break.

Actually, I often wonder on which planet I live on.

Like I mentioned earlier in this thread, I don't own the software. All I'm saying is that fib levels including extensions can work quite well if combined with supply/demand levels.

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  #29 (permalink)
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Hi Everybody

I would like to say a Thank you to jorune for posting his analysis and work with MTPredictor. It is good to see MTPredictor customers using this section in Big Mike's Forum for sharing MTPredictor analysis and starting MTPredictor discussions...............Thanks

Steve Griffiths
MTPredictor developer.


Last edited by Griff1; January 2nd, 2013 at 04:26 PM.
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  #30 (permalink)
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Zondor View Post
Thanks for this continuing series of posts that look so much like advertisements. Posts by a tight knit club of a select few. I look forward to not using your magical system.

The use of the dopey term Holy Grail as anything other than a put-on is just another little nice touch.

Posts like this are not welcome here. Do not post something like this again. If you have a problem with a post, use the Report Post feature and let the staff take a look.

Mike

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