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Btw; thanks for your intro to ew, it is really appreciated ...Hi bp2000, Wave 1 - 5 is one complete cycle, which will be followed by a corrective wave. So you are correct, after wave 5 you expect a re-tracement/trend correction in the opposite direction. Hope that helps.
Guz
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You can tell v clearly who are the ones looking for a quick results and not willing to put in effort to learn and those willing to learn from bottom.
What is the purpose of keep asking people to show their results when you yourself don't try it?
Here's the settings for AUDCAD...Good LuckView attachment 117766
this might be a solution to reduce draw down, open trades are by the EA, which i love thanks bp2000. the TMA havn't given a signal for entry yet in any of the pairs. still watching it
Hi bp2000, Wave 1 - 5 is one complete cycle, which will be followed by a corrective wave. So you are correct, after wave 5 you expect a re-tracement/trend correction in the opposite direction. Hope that helps.
Guz
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SuperSignal-Scanner v3.01
- Changed ChannelFilter rules.
- Fixed a bug.
- Changed some default setting: ChannelFilter=false, LookBack=20
- Auto Detect prefix/suffix
Note: LookBack range is from 1-1000
Blue button - Super signal (buy)
Red button - Super signal (sell)
"Z" - Price is in "Trading Zone" + (ChannelFilter: Price is in upper band(sell) / Price is in lower band(buy))
Alert when new matched the rules:
1.Both M15 and H1 have same direction (signal)
2.The price is in Trading Zone(Z) either in H1 or M15
When you change the symbol, Alert will AUTO turn OFF.
Turn it ON only when you want leave your computer.
thank you very much sir..SuperSignal-Scanner v3.01
- Changed ChannelFilter rules.
- Fixed a bug.
- Changed some default setting: ChannelFilter=false, LookBack=20
- Auto Detect prefix/suffix
Note: LookBack range is from 1-1000
Blue button - Super signal (buy)
Red button - Super signal (sell)
"Z" - Price is in "Trading Zone" + (ChannelFilter: Price is in upper band(sell) / Price is in lower band(buy))
Alert when new matched the rules:
1.Both M15 and H1 have same direction (signal)
2.The price is in Trading Zone(Z) either in H1 or M15
When you change the symbol, Alert will AUTO turn OFF.
Turn it ON only when you want leave your computer.
Hi Guz,
On Aussie chart like this, TF H4, would u tell me where is the 3rd wave n' 5th wave ? Confusing me a bit....
Do i need to go up one level, D1 for confirmation ?
Tx,
View attachment 117801
This thread is off topic now, I don't think there should be any further EW discussion here.
View attachment 117807
9 Years, that's how long it took me to get to this level, 9 years...but I made myself 3 promises:
1) You will not give up
2 You will be part of the profitable 10%
3) Because the market evolves, you will continue to learn...and despite banking $5000/day I'm still learning