Here is an example of a very recent finished trend on the ‘correct’ time frame, the
AUD USD on the H8. We clearly see that we would of known way in advance that
this time frame is almost certain to give us the signal that this trend is over. In fact
we can see that each vertical line is a signal/confirmation that the last trend is
over.
AUD USD on the H8. We clearly see that we would of known way in advance that
this time frame is almost certain to give us the signal that this trend is over. In fact
we can see that each vertical line is a signal/confirmation that the last trend is
over.
So, this specific use of the W%R takes care of the major dilemma of selecting the
most effective time frame to observe. Did you know that speculate means observe
in Latin?
So, once again, how do we do it?
We focus on the first wave of the trend as it is reflected on the W%R. We want to
see the first wave as a swift move from one extreme to the other (just like it is on
the above screenshot). When we locate the time frame that displays that (in real
time), than we can confidently assume that this time frame is likely to show us the
end of the current move. As time progresses and as more information becomes
available to us, we might change our choice of the ‘correct’ time frame.
most effective time frame to observe. Did you know that speculate means observe
in Latin?
So, once again, how do we do it?
We focus on the first wave of the trend as it is reflected on the W%R. We want to
see the first wave as a swift move from one extreme to the other (just like it is on
the above screenshot). When we locate the time frame that displays that (in real
time), than we can confidently assume that this time frame is likely to show us the
end of the current move. As time progresses and as more information becomes
available to us, we might change our choice of the ‘correct’ time frame.