Google Stock Quote

Here’s why I own MTPredictor software.

I mentioned a possible buying opportunity for Google using Fibonacci retracements and projections last week.

Soon after that, MTPredictor showed a buying opportunity, the signal shown here:

Now keep in mind that the software did this automatically. The software showed a setup, it did not signal a trading opportunity.

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Side note: The software DOES automatically signal trading opportunities, this just didn’t meet the criteria. Here’s an example from the US Treasury bond that was automatic.
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While I encourage everyone to think for themselves, there is no reason you can’t get some help from a software program. Isn’t that why we have computers?

Keep in mind that this opportunity showed up on the ten minute charts, so this is for day traders. But make no mistake, these opportunities show up on all time frames.

Traders would have been buyers on the afternoon of December 22nd as the stock traded above the signal bar’s high of $184.66.

Depending on how close you place your stop loss order (you do use stop loss orders, don’t you?), you may have been stopped out just below the entry bar’s low of $184.35 within 2 hours. The stock traded down to $184.30.

If not stopped out, you very well could be in a position like this:

The Trade