Too bad it didn't work out this time.
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DislikedI am unsure of how the RSI is used in this system. For taking trends does it have to be coming our of overbought/oversold, or does it have to be above/below 50%?
Anyway here is AUDUSD at the moment. Green AO, good angulation. Not only that, it's a pin bar and a rejection of a previous high. RSI is not overbought and above 50% though.Ignored
DislikedI am unsure of how the RSI is used in this system. For taking trends does it have to be coming our of overbought/oversold, or does it have to be above/below 50%?
Anyway here is AUDUSD at the moment. Green AO, good angulation. Not only that, it's a pin bar and a rejection of a previous high. RSI is not overbought and above 50% though.Ignored
Dislikedhi does any1 have an indicator to signal/mark the 1st wiseman signal? aka the divergent bar.Ignored
DislikedHello Isto. I've enjoyed and learned a lot from reading your post on Chaos, thank you.
What are your suggestions/opinions/experiences with DB entries?Ignored
Dislikedhi does any1 have an indicator to signal/mark the 1st wiseman signal? aka the divergent bar.Ignored
DislikedHi guys,
When I first began to research this method I was taking some notes and here is some notes from FF member taxgeek which I found extremely useful.
"Wave 3 will always be the highest peak of the oscillator. In Wave 5 the oscillator is always divergent from price. During wave 4 the oscillator will pull back to or almost to the zero and cross to begin wave 5."
So today I tested this out and came up with some EW counts for your perusal:
U/J: Wave 5 of impulsive down move complete, we are now in corrective up move: wave A up to...Ignored