REVERSE - IMPULSE System - page 21
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Ending Diagonals
pls help me.........i cant undrstand your your message to much
can you explain point 3 detail.ending diagonal etc...can you explain with picture..thx
this was asked by Seckit, but since a lot of you are already asking, im pasting my relpy to him for you to see.
first or all, the as wee all know, Ending diagonals only happen on the 5th wave of some wave.. so this is the best chart pattern for a reversal.
basics of ending diagonal:
Ending Diagonal Leading Diagonal and Wedge Definitions SP500 | Afraid to Trade.com Blog
google it for some resources, but the best is robert pretcher's book
basically, ending diagonal is a 5 wave overlapping structure. this pattern indicates trend weakness
i drew this for you :)
.. so back to the system.. when you see a reversal signal on indicator in the spot with a number "5"on the picture.. its a high chance of reversal.
examples of actual trades i made this week..
Sell on GBP/USD.. ending diagonal,
Confluence & Rejection
this is an example of the topic above,
pls dont ask me questions on how to draw fibs, expansions, round numbers, etc..etc.... they are basic stuff that you need to know...
last EUR/USD Trade.
on 1.29600... (a round number) we see price is rejected (because of a big wick). that level also happens to have confluence or ratios,,, it is the Fib retracement of 113% from swing AB.. and it is the Fib expansion 61.8% of swing ABC... so point D is a good point of reversal..
the spot happens to have a signal, so we can enter agressive here..
Trading agressive has the best Risk Reward Ratio, but needs to consider more stuff...
Updates 04-28-2313
Notes:
1.This version Upoaded is ONLY for EUR/USD 5Minute Timeframe.. Trying it on others will create Negative Results.
2.Dont trade invalid/dissapearing signals, dont be too agressive. You only need to trade once a day. pick your perfect spot. So its better to trade in conservative type.
3.Switch from one Timeframe to another to check signal validity.
4.Impulse signals (yellow arrows) are always more powerfull the reversal signals.. Except for news releases. (dont trade this)
5.Slowly built your equity, 2% a day is 40% a month!!!
6.This system is developed only to pinpoint high propability spots to trade with. Its still up to you if you take the signal.
4 Digit & 5 Digit Vesrion (Updated)
https://www.mql5.com/en/forum/182653/page13
EWP Clarifications
https://www.mql5.com/en/forum/182653/page3
News & Gaps
https://www.mql5.com/en/forum/182653/page2
Divergences (Regular or Hidden) Entry Points
https://www.mql5.com/en/forum/182653/page4
Reversal Multiple Signals
https://www.mql5.com/en/forum/182653/page13
Regular Divegrence Explained
Regular Divergence | Trading Divergences | Learn Forex Trading
Hidden Divengence Explained
Hidden Divergence | Trading Divergences | Learn Forex Trading
How to Enter Aggressive on Reversal Signal
https://www.mql5.com/en/forum/182653/page13
Ending Diagonals
https://www.mql5.com/en/forum/182653/page14
Confluence of Ratios, Round Numbers, Rejections
https://www.mql5.com/en/forum/182653/page14
Impulse Entry Points
https://www.mql5.com/en/forum/182653/page4
Harmonic Application
https://www.mql5.com/en/forum/182653/page4
RSI & MA Divergence Indicator
https://www.mql5.com/en/forum/182653/page13
Invalid / Dissapearing Signal
https://www.mql5.com/en/forum/182653/page5
Take Profits
https://www.mql5.com/en/forum/182653/page10
Backtest Notes
https://www.mql5.com/en/forum/182653/page14
If interesed in pro version.. contact me.
Pro version has more features and you can trade multiple pairs, because you wont get signals everyday in one pair... you still need to filter that signal get conservative entry.
Im not forcing you to buy, but if you have more pairs, then you can filter more signals for conservative entries.
Pls get a habbit to use conservative entry type, because a lot of times, this will save you from loosing a trade...
and btw, if you are good enough, pro version has agressive mode that can give you more signals... but this requires more skill to filter
thanks
contact:
fxsuccessor@gmail.com
skype:
fxsuccessor
hello marina bay sands!!
see you tomorrow! so exited
good night guys
was a signal on opening! but i was sleeping
was a signal on opening! but i was sleeping
signal now hidden divergence. alreadry pro vesrion
signal now hidden divergence. alreadry pro vesrion
im not yet confident with hidden divergence.. boss told me to first focus on regular divergences on reversal signals.
this was asked by Seckit, but since a lot of you are already asking, im pasting my relpy to him for you to see.
first or all, the as wee all know, Ending diagonals only happen on the 5th wave of some wave.. so this is the best chart pattern for a reversal.
basics of ending diagonal:
Ending Diagonal Leading Diagonal and Wedge Definitions SP500 | Afraid to Trade.com Blog
google it for some resources, but the best is robert pretcher's book
basically, ending diagonal is a 5 wave overlapping structure. this pattern indicates trend weakness
i drew this for you :)
.. so back to the system.. when you see a reversal signal on indicator in the spot with a number "5"on the picture.. its a high chance of reversal.
examples of actual trades i made this week..
Sell on GBP/USD.. ending diagonal,thx for the explaination...i will try it..
ending diagonals are really similar to 3 drives pattern.
@fxsuccessor, thanks for explanations and time. have a great day at singapore