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?
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?
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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.
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April 2018
Snorm trades only with GKFX and has no hesitation in recommending them, for tight fixed spreads and quick execution (even during NFP, from personal experience). Open an account here |