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eWaves in action - EJ

18/11/2014

2 Comments

 
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?
Picture
2 Comments
FrancisH2o
28/3/2016 03:52:56 am

Simple and awesome set up. Entry is pending buy order on break of a small fractal box?
Thank you.

Reply
Steve
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.

Reply



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  • Home
  • eWavesHarmonics
  • INDICATORS
    • MT4 Indicators
    • MT4 Indicators - Discounted
    • MT4 Free Indicators & Scripts
    • eWaves v1.0 Manual
  • Trade Tools
    • Advanced Trade Manager
    • Advanced News Trader
  • Harmonics
    • TheHarmonicIndi
    • TheHarmonicIndi Instructions
    • Harmonic Chart Pictures
    • Harmonic Patterns
  • Forex Blog
  • Trader Training
  • Contact Us
  • Useful Links
  • AIMS
  • MT4 TIPS and TRICKS
  • MetaTrader Wingdings
  • Privacy Policy
  • Terms of Use and Disclaimer
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