We search for a correction that is about to end. It makes sense because if we see a
trend on a specific time frame than we are likely to be already too late to make an
entry. Our objective is to enter the market at the end of a correction. Our prime
target is the end of waves 2 or B.
We determine the most likely price zones for the end of the correction using our
Square of 9, pattern, divergence & Elliott Wave analysis as well as price and time
projection.
When price reaches those projected zones, we go to shorter time frames. We look
to see if the pattern appears complete. We once again use the same projection
techniques that we previously used. We base our analysis on all of our available
tools. After we see that the pattern on the short time frame appears to be
complete then we look at our oscillators for an entry.
1) We look at the W%R and establish what time frames will signal our entry. We
patiently wait for both signals.
2) We enter using the two halves technique meaning that the first half will be
exited when we gain as many pips as we risked (usually). At the time of our first
half’s exit we might move the stop loss of the second half. We will exit the second
half based on the higher time frame’s W%R.
trend on a specific time frame than we are likely to be already too late to make an
entry. Our objective is to enter the market at the end of a correction. Our prime
target is the end of waves 2 or B.
We determine the most likely price zones for the end of the correction using our
Square of 9, pattern, divergence & Elliott Wave analysis as well as price and time
projection.
When price reaches those projected zones, we go to shorter time frames. We look
to see if the pattern appears complete. We once again use the same projection
techniques that we previously used. We base our analysis on all of our available
tools. After we see that the pattern on the short time frame appears to be
complete then we look at our oscillators for an entry.
1) We look at the W%R and establish what time frames will signal our entry. We
patiently wait for both signals.
2) We enter using the two halves technique meaning that the first half will be
exited when we gain as many pips as we risked (usually). At the time of our first
half’s exit we might move the stop loss of the second half. We will exit the second
half based on the higher time frame’s W%R.