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- 4for4 replied Nov 13, 2021
Price never stops swinging up and down alternately. Learn to categorize each swing as impulse or corrective wave of the ongoing trend ... image
- 4for4 replied Nov 3, 2021
Wise men said … image
- 4for4 replied Nov 1, 2021
image In your example, the downtrend was started when “4” was broken, making WaveA (5-to-A) the first bearish impulse wave … Btw, I only do the weekly chart to identify the ongoing trend for simple reasons that the market moves 24/5 and “spikes or ...
- 4for4 replied Nov 1, 2021
I have explained this issue in several posts, but here’s a screenshot from my thread ... image
- 4for4 replied Oct 19, 2021
The uptrend of USDX finally came to an end, peaking @ 94.54, when the market broke 93.65 … image Can this weak-dollar bring the price of USDX to 92.67?
- 4for4 replied Oct 18, 2021
To simplify the process of trend identification, forget about “phasing” the waves to identify the trend and just focus on each wave as a component of the ongoing trend ... In the diagram below, Wave1-Wave3-Wave5-WaveB were bullish impulse waves and ...
- 4for4 replied Oct 15, 2021
Will the last impulse wave make a peak @ 94.54? It will if next week’s candle breaks this week’s low … image Btw, the current uptrend in USDX will be reversed if 93.65 is broken …
- 4for4 replied Oct 14, 2021
It’s built-in in the quote list of MT5, but not on the chart … image
- 4for4 replied Oct 14, 2021
Pending order was initiated … image
- 4for4 replied Oct 12, 2021
By breaking last week’s high, a new bullish impulse wave was started, making 93.65 as the current trend-reversal level for USDX, and it has a good chance of making HH up to 94.92 or higher. Given the waited breakout signal and its predefined ...
- 4for4 replied Oct 8, 2021
This week’s harami candle made the last bullish impulse wave of USDX peaked @ 94.49, and it has made a 31% correction to 93.65 so far … image Read the market by its swings: 1. A break of previous candle’s high creates a support, 2. A break of ...
- 4for4 replied Oct 3, 2021
Here’s another example of “Don’t be fooled by high win-rate” … image At one point, this account grew by over 42,000% and had a “high” win-rate of 79.3%, but was finally blown away because it didn’t employ a proper risk-to-reward management …
- 4for4 replied Oct 1, 2021
Knowing the win-rate by itself can’t tell if a system is profitable or not without knowing its average risk-to-reward ratio … Let’s review the example below: image Most people think that trading is a win-or-lose endeavor, so a 66.7% win-rate might ...
- 4for4 replied Sep 29, 2021
A deep correction is not a guarantee that the next impulse wave won’t make a HH/LL … image Learn to read the market by its swings: 1. Previous impulse swing = 91.78 —> 93.75 … (bullish impulse wave) 2. Previous corrective wave = 93.75 —> 91.80 … ...
- 4for4 replied Sep 24, 2021
Will the current swing (as bullish impulse wave) which was started from 91.80 finish at 93.50? image (The last bullish impulse wave run from 91.78 to 93.75)
- 4for4 replied Sep 22, 2021
A 75% Win-Rate with a 3:1 Risk-to-Reward Ratio won’t take us anywhere … image What will the win-rate be if pipcumulator only uses TP2? Note: With 1:3-RRR, any win-rate > 25% will make the system a profitable one …
- 4for4 replied Sep 19, 2021
Executed. Let’s see if 93.75 can hold … image
- 4for4 replied Sep 18, 2021
Identify the impulse and corrective waves from the latest swings that happened on the chart … Example: The USDX made its last impulse wave from 91.78 to 93.75, and its last corrective wave from 93.75 to 91.80 … Currently, it’s making an unfinished ...
- 4for4 replied Sep 17, 2021
Last week, the USDX kept its bullish impulse wave going strong. Buying at this stage is not recommended, but for those who think that 93.75 is high enough, consider the following 1:3-RRR trade: Sell-Limit USDX @ 93.27 —> 93.75 / 91.80 … [-48 vs ...