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Trade The Wave

  • #21
  • Nov 13, 2025 10:53am Nov 13, 2025 10:53am
Quoting jamesagnew
{quote} the open and close of an up candle must go from below the wave to above the wave to enter buy you only close the trade when - 75 pips comes or open and close go to opposite side of the wave if that happens reverse the trade go short long and short just the 1 hour timeframe 200 pip target
Thank you for the update!

Do you change the SL at any time to breakeven, or even trailing?
Do you take partial profits or do you even 100% exit faster than 200 pips at any time (I guess revers signal, but what does that mean exactly?).

Thank you!
  • #22
  • Nov 13, 2025 2:14pm Nov 13, 2025 2:14pm
Quoting edwdev
{quote} Thank you for the update! Do you change the SL at any time to breakeven, or even trailing? Do you take partial profits or do you even 100% exit faster than 200 pips at any time (I guess revers signal, but what does that mean exactly?). Thank you!
75 pip stop loss at 2 % risk for 200 pip target = about 6 % gain

take your pips

if you get a reverse signal exit and reverse trade with whatever it gives
  • #23
  • Nov 13, 2025 3:57pm Nov 13, 2025 3:57pm
the idea is to enter the trade at the first open - close past the wave within the channel

and hold for 200 pips

dont chase the market , allow it to move in your favor
  • #24
  • Nov 13, 2025 4:04pm Nov 13, 2025 4:04pm
this is not an always win method . but its my favorite so far
  • #25
  • Nov 13, 2025 4:22pm Nov 13, 2025 4:22pm
what you could do is enter 3 trades and close ouy at 50 100 200 that would be 350 pips

you could breakeven at 50 pips and exit 1 of 3 trades ,

then 100 the 200

good luck
  • #26
  • Nov 13, 2025 4:44pm Nov 13, 2025 4:44pm
Quoting jamesagnew
hi new findings regarding price action concepts i use a special moving average that holds the price action you will not find this anywhere online its my own design the entry comes at first open - close price . of an up candle above top wave and i use 75 pip stop 200 pip target only close the trade on stop being hit or reverse signal good luck any questions feel free to ask template attached 1 hour time frame forex pairs {file}


How to Use Moving Average Envelopes

https://www.babypips.com/learn/forex...rage-envelopes

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27
  • Nov 13, 2025 4:51pm Nov 13, 2025 4:51pm
Quoting jamesagnew
this is not an always win method . but its my favorite so far

my once-upon-a-time favourite is the 34EMA Wave:

https://www.forexfactory.com/thread/...e-grab-candles


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28
  • Nov 13, 2025 5:06pm Nov 13, 2025 5:06pm
Quoting jamesagnew
This template will show you visually when its overbought or oversold area to avoid entry only enter when price inside top 2 channel or bottom 2 channel {file}
It looks great when the market is trending and it works...... but when the market is in consolidation you will have about 3 - 4 loses in a row how will you deal with the times when your losing.
  • #29
  • Nov 13, 2025 5:29pm Nov 13, 2025 5:29pm
losses happen

maybe - 30 pips x 3 is 90 pips

200 - 90 is 110 pips net
  • #30
  • Nov 13, 2025 7:45pm Nov 13, 2025 7:45pm
Quoting jamesagnew
losses happen maybe - 30 pips x 3 is 90 pips 200 - 90 is 110 pips net
yeh.... true... you do have a point.
  • #31
  • Nov 14, 2025 3:23pm Nov 14, 2025 3:23pm
Quoting edwdev
{quote} Thank you for the update! Do you change the SL at any time to breakeven, or even trailing? Do you take partial profits or do you even 100% exit faster than 200 pips at any time (I guess revers signal, but what does that mean exactly?). Thank you!
The problem with this is if you lose you will lose 3 trades in one go.
  • #32
  • Last Post: Nov 14, 2025 5:54pm Nov 14, 2025 5:54pm
@CM-PunkFX If you aren't happy with this 'strategy' mate, you can choose from the other 70 'strategies' posted by James, who has never traded a day in his life. The thing is this, anything beyond random entry can be an edge, and an edge can be as simple as time of day. Most 'Facebook Woke Wannabe Traders' (no reference to anybody in this thread) don't have the mental discipline to trade without emotion nor the risk management skills to execute effectively. They grow frustrated, look for the next strategy (James has plenty) and fail again, but in their eyes it's a failing strategy. I have been there many years ago, and we are all at different stages on a learning journey.

There is a shortcut thread on this forum to real effectiveness, it takes out 10 years+ of learning it for yourself. The truth is the lesson is hard, trading is a grind, it's not easy money..... until it is, eventually. The irony is the thread has limited popularity because it doesn't promote '50% monthly returns', and nobody sticks with that thread - but it truly is golden.

Good old James - 71 strategies in and in each thread the OP changes the criteria. All successful traders evolve, but from a position of self understanding.

Lovely to see you James - you brighten up my weekends fella - I wish you well. But take a look at yourself mate, I will be the happiest of all to see you post success, you have the tenacity, the passion, even some knowledge - find the focus. Posting 71 strategies that you have never traded ain't it - but here is the thing, you could make money out of a few of them - if you tried.
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