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Power of MTP for ES wave Count


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Power of MTP for ES wave Count

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  #1 (permalink)
Toronto Canada
 
Experience: Intermediate
Platform: ninja Trader, Ensign,Market Delta
Broker: AMP,Global Futures
Trading: Eminis
 
Posts: 97 since Jun 2009
Thanks: 46 given, 83 received

This is Ist time I am posting some thing about my trading style, Wave count play a important role in my trade decisions. Today I am posting one example of wave count for ES. This also shows power MTP for wave count.

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  #2 (permalink)
Sydney - Australia
 
Experience: Intermediate
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Trading: ES, 6E
 
Alan's Avatar
 
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Hi Kjaved,

What indicator are you using in Ninja that automatically puts the wave count numbers on the chart? Is this a standard indicator?

Please advise

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  #3 (permalink)
Near Dallas, Texas, US
 
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Hello Fjaved,

Can you tell us more about your setups or what do you look for when entering, etc?

Thanks,
Gary

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  #4 (permalink)
SE-Asia
 
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KJAVED View Post
This is Ist time I am posting some thing about my trading style, Wave count play a important role in my trade decisions. Today I am posting one example of wave count for ES. This also shows power MTP for wave count.

Im a MTP user myself but have to say its too much expensive for what i got at the end, it's a nice peace of software but at the end it's not profitable :-(.

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  #5 (permalink)
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Prtester View Post
Im a MTP user myself but have to say its too much expensive for what i got at the end, it's a nice peace of software but at the end it's not profitable :-(.

I looked at it as well, and it's a fine piece of work but the true beauty of it is the risk/reward money management system and how it lays everything out, that is fantastic work. The counting waves.... not so much... lol

Mike

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  #6 (permalink)
SE-Asia
 
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Big Mike View Post
I looked at it as well, and it's a fine piece of work but the true beauty of it is the risk/reward money management system and how it lays everything out, that is fantastic work. The counting waves.... not so much... lol

Mike

The only thing impress me it's the DP option, that way you can obtain a nice clean FIB Cluster,

Regarding the MM / RR, they claim their software its profitable based on that, but i put together 2K of code that probe it wrong, never get that strategy to go profitable in the long run, don't matter what combination I use.

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  #7 (permalink)
Site Administrator
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Big Mike's Avatar
 
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I agree, the R/R values it was returning were bogus and not obtained, but, the concept was nice.

I've always liked scoring trades, or weighting them, based on multiple factors. I assume their risk/reward system is similar, and they've probably also got some statistical analysis on which patterns do what over time.

I still hold out hope that in the coming years this software will continue to advance, I just hope when they finally get it right, I can still afford it!

Mike

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  #8 (permalink)
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Prtester View Post
Im a MTP user myself but have to say its too much expensive for what i got at the end, it's a nice peace of software but at the end it's not profitable :-(.

Hi PrTester

your quote here about MTPredictor needs some additional remarks and corrections in point of my personal view.

I traded years ago the Elliot Waves with bad results' it's to difficult.
Steve Griffiths from MTP www.MTPredictor.com solved the problem for me with his Isolation Approach™. It is unique and makes actually trading Elliott wave a reality and profitable.

For me, the MTP Software is the best choice and I use it since 3 years very succesfully and profitable with the Prediction of Support and Resistance DP and WPT, exact entry signals and the unique Money Management. See attachment from yesterday I made with real Money!

If you trade MTP with a defined trading plan (MTP EOD 6.0 high TF and NT Market Analyzer for orders signals and correct entries on a lower TF you can only be succesful with a constant growing equity curve.

When I read your post and negative remarks I think you didn't understand the MTP Concept and Trading System. (BTW it's very cheap, you get the return of investment with some good trades, which you will have, when you trade the MTP Tradingplan and Concept).

May I ask you some questions?

How long do you trade with MTP?
Did you ever read the complete 165 page manual?
Did you watched all help video?
Did you attended all 2 weekly webinars for advanced traders?
Do you use MTP EOD 6.0 and MTP Add on for NT, TS or eSignal?
Do you have a strategy to take the trades which the Market Analyzer give you?

I'm a professional Daytrader since over 6 years (Futures and Currencies), now on Ninjatrader, MIRUS Zen Fire and Interactive Brokers and I can tell you, I love my job because Trading with MTPredictor and the Market System Analyzer (MSA) from a www.adaptrade.com is MY TRADING TOOL and I'm always on the right side of the river.
Heinz

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  #9 (permalink)
Toronto Canada
 
Experience: Intermediate
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Ist I try to explain here, that what we ae doing, we all gather here to share our good and bad experiences, so this is our mutual benefit, to take a lesson from them.
Further I noted that some of my friends have good and some of my friends have bad experiences. First I want to mention here that MTP, Murray math, Sq9, IB range, DMA, ECO...... all these are just tools. So we create discussion to find there optimum use, so we all benefit from them. A tool is useless if we donot know how to use it properly. I have bad experience with moving averages, but now I have different opinion about them, as some of my friends told me on this form how to make them beneficial and convert loosing trades to winning trades. That is one of good job done by this forum.
Same way MTP is very beneficial if some one know how to use it properly. If some one just wait for auto setups, then it is wrong. Actually we have to find some hidden support and resistance levels. These are actual support and resistance levels. These hidden support and resistance levels when get support from Voulume spike, divergance, Murray math line, or any other level, generate a very strog bounce back. I explain here with one example, that say we are in down wave 3, then why we take long trade. that make a sense. This way wave count tells us on biger as well as on smaller level the movement of market. Today I just explain with todays trade. This trade is very safe and pay well with small stop loss. There is no need of overtrading. In a day if we find a single setup that is enough for day. All this only happen if we know harmonic movements of market, by making a judgement of smaller as well as bigger time frames.

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  #10 (permalink)
Frankfurt
 
Experience: Intermediate
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Trading: FGBL 6E B4
 
max-td's Avatar
 
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 923 received


Thanks KJAVED for the presentation of your trading-setup.
looking forward reading more about !

AND HEY GUYS,
this is KJAVED thread and not a MTP - top or flop - heavy-discission-place please !
dont hijack such interessting threads if possible - there are other places to start such discusions.
move with that in an extra thread and stay with trading-setups here
..... please !

max-td
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