One Method to identify a false Break  -TRADING WITH WEIS WAVE WITH SPEED INDEX

One Method to identify a false Break -TRADING WITH WEIS WAVE WITH SPEED INDEX

14 May 2020, 22:15
Trade The Volume Waves Single Member P.C.
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Setup : 1Hour Chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller)


Our Story: 

Today I was helping a fellow trader, YK from Malaysia, that has purchased recently all my indicators, how to read the Market and a break was happening on USDCAD as we were chating . So I asked him the following question: Is that break true or false and why? His answer was that this is a false break and he got it right because he understands the change in behavior concept and SI is really helping him to identify it easily.

YK if you see this post you are welcome to comment.

Any other comments people are also welcome.

To make the long story sort study the chart below (my order visisble on chart- first target almost reached). 

This is the Magic of Speed Index. Logic, logic, logic, logic... 1+1=2 nothing fancy.


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