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{quote} earl i think your entry is wrong. you have 3 bearish waves and according to the rules you should have enter your buy not sell. {image}
- #150
- Edited 6:45am Sep 6, 2015 6:21am | Edited 6:45am
Final Shape of 'Extended Time'
Golden Guards: our filter to confirm the entry. the rest of 9 candlesticks Golden period after the Extended time wave. count no. of Bullish candlesticks to Bearish ones and number of Guards must be greater the other type to confirm the entry direction (Bullish extend time wave= no. of Bullish guards>no. of Bearish guards and vice versa).
*No. of Golden Guards< No. of other type=NO TRADE.
*Balanced Guards cases: no. of Bullish Guards=no. of Bearish Guards, entry still valid but with low lot size.
*Out of time Cases: when Confirmation pattern occur late and Extended wave is out of the 9 candlesticks Golden period, we don't use guards to confirm our entry. entry is valid with low lot based only on direction of Extended time wave.
*No Donor candlesticks cases.
*Stop loss: is Golden period (no of pips of 9 candlesticks) or Max 100 pip of any pair on H1 TF if Golden Period is greater than 100 pips.
*Take profits: All orders to be closed at end of the day.
- #153
- Edited 10:44am Sep 6, 2015 9:55am | Edited 10:44am
You all guys have to see that my waves are pure price action, no indicators used even no trend lines are drawn. it can be even applied easily from mobile platform any where so I will be very happy if this system confirms 60% wining and believe me it do more. so for those who don't like this systems or got panic from it and try always to underestimate it-and I dnt know why- you can just easily dont give a look to it and continue seeing others systems.
