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MTP

  #1 (permalink)
Elite Member
Yorktown, VA/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Trading Group
Favorite Futures: TF, NQ
 
Razor's Avatar
 
Posts: 47 since Sep 2011
Thanks: 10 given, 18 received

MTP

Journal Purpose: Provide a forum for the MTPredictor Trading Platform discussion and trade setups.

Feel free to post any Trades / Lessons learned for others to see

Real-time trades probably would be best served by an actual Chat room.


Last edited by Razor; February 17th, 2012 at 01:57 PM.
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Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Yorktown, VA/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Trading Group
Favorite Futures: TF, NQ
 
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Posts: 47 since Sep 2011
Thanks: 10 given, 18 received

My Best Guess of MarketsForecast Using MTP


This my take on a Market forecast using MTP and Elliot Waves:

Quick summary:
TF in wave 5 with a bull target of 866 (min wave 5) TF has been a text book pattern on the daily
ES in Wave 5 at min wave 5
YM in Wave 5 with an initial bull target of 13000 (min wave 5)
NQ not as clear best I can tell in Wave 3 up past Min Wave 3 looking to Max Wave 3 ? ( Apple bull run effects?)

https://futures.io/attachment.php?attachmentid=63036&stc=1&d=1329487492https://f...63033&stc=1&d=1329487492

Attached Thumbnails
MTP-tf-03-12-daily-forecast.jpg   MTP-nq-03-12-daily-forecast.jpg   MTP-es-02-12-daily-forecast.jpg   MTP-ym-03-12-daily-forcast.jpg  

Last edited by Razor; February 17th, 2012 at 10:19 AM.
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  #4 (permalink)
Elite Member
Yorktown, VA/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Trading Group
Favorite Futures: TF, NQ
 
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Posts: 47 since Sep 2011
Thanks: 10 given, 18 received

17 Feb TF 03-12 Trade Setup

Currently in this trade we will see how it turns out. Realize I am using a combination of TTT and MTP for this trade. I had 15 min resistance and a TTT predicted penetration of the previous high.

Attached Thumbnails
MTP-tf-03-12-trade-17-mar.jpg   MTP-tf-03-12-17-feb-12-ll-trade-management.jpg   MTP-tf-03-12-trade-exit.jpg  

Last edited by Razor; February 17th, 2012 at 01:26 PM. Reason: added screen shots
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  #5 (permalink)
Elite Member
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Futures Experience: Intermediate
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Broker/Data: Optimus Trading Group
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Posts: 47 since Sep 2011
Thanks: 10 given, 18 received

Lessons Learned

Trade Entry:

1. I entered before the TS3 Short setup trying to anticipate a down market based on TTT looking for a R/R of 4.9
2. Had I waited for the TS3 trade I would have had better R/R ( Let the trade come to you)

How the Trade Turned Out:
Exited late for a R/R of 2.1....IE: I probably should have exited at the ATR stop using standard trade management

Trade Management / Exit:

1. Must consider the Market Context when in a trade. If you are in a strong trend and all markets are pointing the same direction then maybe thats the time to attempt to capture the move full wave 5 down and not just the Wave 3 as in this trade. ATR seemed to be a tell

2. Today the markets were not in coherence I probably should have exited at the Typical Wave 3 WPT or used standard trade management IE Strength bands past STF and managed with the ATR

3. If you are not in a strong trend trade then look for logical exits.... particularly if the other markets are moving sideways

Observations:
1. Different time-frames gave me different exit targets while in the trade, however I followed the time frame that seemed to fit best as to where the actual market was going (not sure if this is good technique or not)

2. As of 12:50 EST TF moving sideways

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  #6 (permalink)
Trading for Fun
Montreal
 
Futures Experience: Master
Platform: Ninjatrader 7
Broker/Data: Interactive Brokers
Favorite Futures: YM and ES
 
Posts: 59 since Oct 2009
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We had a nice TS4 signal on the 5 min chart and this wa at exactly at wave A = wave C so odds of a reversal in this area was there of course TTT MA had almost been reached but since Monday will be a Holiday a little push to the upside then sideways motion is not a surprise.

P.S You use very good tools to trade, I use same as you: TTT and MTP plus 2 or 3 indicators specifically for TF.

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Wave A = Wave C ...Reverse

Larry,

Thanks for the reply....I learned something from your reply....I wasn't aware of the Wave A= Wave C there is a higher chance of reversal.

It makes sense since wave 3 is usually the largest of the 5-wave sequence. I should have been looking closely at the Typical Wave C WPT. The big question is wether you are in a wave-c or a wave 3?

As the trade was unfolding I thought I might be in a Holy Grail Major Wave 3 Down from the TS3 (1min) so I set my stop shy of the Typical Wave 3 WPT closer to the TTT MA.

The Major Wave 1 unfolded as a intermediate 5-wave down then an ABC correction on the Wave 2 followed by a TS3 sell so I was primed to follow through to the Wave 3 Target / TTT Ma.

I did see a base forming at 11:18 - 11:27 EST and that was another reason I opted out when I did. The goal was to let my profit run.

Razor


Last edited by Razor; February 17th, 2012 at 04:35 PM.
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  #8 (permalink)
Trading for Fun
Montreal
 
Futures Experience: Master
Platform: Ninjatrader 7
Broker/Data: Interactive Brokers
Favorite Futures: YM and ES
 
Posts: 59 since Oct 2009
Thanks: 3 given, 45 received

what I often do is I use extensions From Ninja and put these in place so I know the levels I have to watch for, so if I see MTP signal near the area with reversal then I sure will keep a very close eye on possible reversal.

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  #9 (permalink)
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Futures Experience: Intermediate
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Posts: 47 since Sep 2011
Thanks: 10 given, 18 received

Lary

I assume you mean fibonacci extensions in Ninja 7?

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  #10 (permalink)
Trading for Fun
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Futures Experience: Master
Platform: Ninjatrader 7
Broker/Data: Interactive Brokers
Favorite Futures: YM and ES
 
Posts: 59 since Oct 2009
Thanks: 3 given, 45 received



Razor View Post
I assume you mean fibonacci extensions in Ninja 7?

Yes, you are correct I know all the Fibs levels that MTP is looking for to generate signals. I studied all these and came up with a default Fibs extesions in Ninja so that way I know in advance possible reversal areas then I wait to see which one will trigger an MTP signal. I have also made same for the DP's I know the prices in advance that should be reached to trigger them.

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