eWaves in action - EJ
Here's another example of eWaves doing its thing this week. David traded it, I missed it, due to being otherwise engaged (working on the signals scanner - more on that later). Finding confluence of wave 4, fib retrace and a strong S/R level, with a sprinkle of good price action analysis, to bag more that 130 pips to the pre-plotted TZ1 level. A simple, low-risk high-reward way of trading with setups that occur many times in a week; what more could a trader want?
28/3/2016 03:52:56 am
Simple and awesome set up. Entry is pending buy order on break of a small fractal box?
28/3/2016 09:11:38 am
Waiting for fractal breaks usually increases risk - you'll notice that I don't use fractals. Look at the price action in the area of S/R. In the above picture the green candle where the blue arrow is would be enough to get me into the trade.
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