As most of you know, eWavesHarmonics with the ABC123 add-on, does a superb job of identifying potential reversal zones and high-probability price magnets, long before price gets to these levels. With thoughts for those who can’t trade all day, I’m looking at Options trading as a good alternative to regular day-trading.
I would really like to hear from the Options traders out there, to get your input and thoughts on this subject; I’m also very interested in your choice of broker (I’m trying a couple out at present) Please get in touch.
Regarding the ABC123 indi: v7 is available. The main change is that it identifies, what we call, golden FE levels. Say, for example, you have an ABC simple correction with the FE100 at 50% retracement – this will be highlighted as golden; same for FE62 and FE127. These levels are highlighted well in advance and often provide a great opportunity to ‘buy the dips’ and ‘sell the rallies’ for very low pip risk and thus great R:R - as per the chart example from Cable.