Case 4 Upwards corrective wave
If the active wave goes upwards and the whole candlestick goes below the lower confirmation level 0.250 the active wave is a corrective wave. According to the chapter 1 the corrective waves go against the direction of the market trend. As in this case the trend of the wave is bullish as it goes upwards it is giving us the information that the actual market trend is opposite to the trend of the active wave and therefore bearish. This is a bearish signal. Jt Ok, we know this stuff is a little bit...
Market signals based on the ICWR phenomenon
Well, as told in the introduction see chapter 1.3. , our strategy bases on the observation that when putting into relationship the height of a corrective wave to the height of the prior impulsive wave, the corrective wave tends to retrace the prior impulsive wave in Fibonacci ratios. Frequent relationships are 25 , 38 , 50 , 68 and 75 . Our task was to define consistent and efficient rules for generating bearish and bullish signals based on the ICWR effect. 1. To find out the proper Fibonacci...
we are going to stay in the market typically for a couple of hours and
2.2.1. Enhancing the Intraday Strategy In order to enhance the intraday strategy based on the ICWR phenomenon the following TA indicators and rules were tested MA x The 20-period simple moving average from the x-period candlestick chart is used. The long-term signal is bullish if the actual value of the moving average is above the actual price. The long-term signal is bearish if the actual value of the moving average is below the actual price. X represents 30 minutes, 1 hour, 4 hours and 1 day....
Forex Trading Strategy
Learn how to trade EUR USD, USD CAD, GBP USD or any other major currency pair by mastering a system that combines top level mathematics with the fundamental principles of human behavior - simplified in such a way that even a high school dropout can quickly start profiting from it A crack team consisting of a top level PhD mathematician, a computer wizard and a behavioral psychologist is put together by a street smart trading professional to produce A lethal knee to the groin, thumb to the eye...
Table Of Contents
1.1. Why should you trade forex 1.2. Which strategy should you 1.3. The ICWR 1.4. Simplified trading 2.1. Market signals based on the ICWR 2.2. The proper long-term 2.3. Consistency 2.4. Why is our entry strategy so 2.5. Why is our exit strategy so Chapter 3 The Intraday ICWR Trading Rules _41 3.1. Market signals generated by 3.2. When to enter a 3.3. When to exit a Chapter 4 Intraday EUR USD Trading Example_58 Chapter 5 Intraday CAD USD Trading Example_75 Chapter 6 The Long-Term ICWR Trading...