When I talk about waves, I don't mean the popular Elliott Wave. I mean the WAVE we have on the most beautiful indicator called, ahem it has many names, AO, The Awesome Oscillator, The eWave, AIMS Wave etc. It helps us see the market in a smooth wave going above and below a certain Zero Line. .. It helps you ignore the going up and going down of the price concept. For us technical traders, we don't have an up and down as such specially in forex. All we see is eWave turning Red or Green.
Assuming you already know a bit about the wave. I know most of you will want to know the answer this fantastic question. How to trade the third wave?
They all ask that question, and soon discover that they have to ask another question. How to spot Wave 1 and 2. Because you need to see Wave 1/2 in order to position yourself into the Wave 3.
So the question then is , How to spot wave 1-2...
How to Spot wave 1-2?The answer is disappointing to some but in reality its very interesting. So the answer is that the yway to find wave 1-2 is...
There is no easy way. But hold on, keep reading....
Lets first ask, Why is this a question? Why do we ask this question?
The question is raised because we see these beautiful often illusive wave 3's. And we want to GET IN so that we can make some good profitable traders. Because we know that the market moves, roughly in 5 waves. Well not really but its a great lie that really works. trust me. What we all agree on is that the third wave is always the biggest strongest waves. And it is always wave 1 and wave 2 that leads to wave 3.
And that is why you want to know where is wave 1-2.
So is there a way to do that? Yes and No.
Wave 1 2 often occurs during Sideways market or at the peak of terminating waves. Both spots are very risky and difficult to spot and catch.
We have an easier BETTER more profitable and Powerful way to to trade The Illusive WAVE 3.
We simply trade Wave 3 within Wave 5.
Yes, We don't trade wave 3, we trade Wave 5 and within that we catch wave 3. The way to do that is simply let the Big Wave 3 happen. Let it turn into wave 4 and then get into wave 5. We have what we call Setup 1. Using Setup 1 you will always get into wave 3 of Wave 5. So you'll be trading Wave 3 but within wave 5. Its very high profitability.
When you spot 3 and 4 you're able to make sense where "was" wave 1 and 2. Its not confirmed until you see a 3 and 4. So going into a new 3 is difficult unless you do a bit more work. And we don't like more work. We like things simple.
Simply Trade Setup 1. The NEW Setup 1. We have redefined Setup 1 in 2017. This setup 1 gives us over 60% success rate.
|So Today I was not interested int trading the #eurusd because we have seen 5 already|