Disliked{quote} Can you explain 5 wave? I don't understand what do you mean :/Ignored
Conventional trading is for losers
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Disliked{quote} You need to understand the "Basics" of Elliot waves to be able to read a chart successfully. All wave sequences are in 5 or 3 waves on any time frame.Ignored
DislikedHave been following this thread in the shadows right from start and it is very solid. Everybody should take the teaching of Ralffe and apply it in a way that is best for their own style, method, tolerances etc...When I see people looking for 90% success, that is silly. 50/50 or 60/40 is good as long as your wins can run and your losses are SL at the correct place. For me, i have been testing on H4 and I am very happy with results. (Daily is good but I want more "action" especially when testing and below H4 I find that it is too subjective, risky,...Ignored
DislikedHave been following this thread in the shadows right from start and it is very solid. Everybody should take the teaching of Ralffe and apply it in a way that is best for their own style, method, tolerances etc...When I see people looking for 90% success, that is silly. 50/50 or 60/40 is good as long as your wins can run and your losses are SL at the correct place. For me, i have been testing on H4 and I am very happy with results. (Daily is good but I want more "action" especially when testing and below H4 I find that it is too subjective, risky,...Ignored
Disliked{quote} The method presented here "as-is" doesn't work! 90%, 50%, 40%.. success is a just a dream. I've been demo-ing this and regardless how sound the entries are (according to the rules) one simply cannot take every TL break. I think this can be used just as an entry method on a longer time frame pull back. Basically, one needs to determine the trend and the pull back on a higher time frame (I find this step the be crucial, more important even than the entry alone) then draw the pullback trend line on the current time frame and look for TL break...Ignored
DislikedHere is one of my cherry picked trades. Went against me as soon as I got in. I should have been in earlier, one wave above but I only saw it when I saw it. I still cant let go of some of my indicators though. But it was a nice 30 pip winner on the M1 {image}Ignored
Disliked{quote} Not sure why you are having problems. Perhaps you could post some pics showing where you got caught out. Maybe I can work out why the trades failed. Post some pics showing the lines drawn & the trade results like this pic.Ignored
Disliked{quote} Thank you Ralffe! EURUSD H4 - potential entry on breaking the high of the previous candle {image}Ignored
Disliked{quote} I also noticed you lowered the line to a minor wave. This can be deadly on small time frames. Take no short cuts & the system will work. You would not have got stopped out & not taken the long trade. {image}Ignored
DislikedHere are a couple more I would have taken EURCAD - Long H1 {image} CADCHF - Short H1 {image}Ignored
Disliked{quote} GU Once again the 4H shows the folly of taking this trade on the 1H EA Same problem. Do yourselves a favor folks. Eliminate the 1m, 5m, 30m, & 1H from your charts. If you are prepared to spend lotsa screen time it's better to stick to the 15m. Otherwise the 4H & Daily. Different if you are a keen scalper of course.Ignored
Disliked{quote} So ...... Draw lines on 4 hour chart to determine trend direction, then draw lines on 15 minute chart & just take trades in the direction of the 4 hour trend? Is this correct?Ignored