How easy it can be to read Price waves using indicators
Well most of you dont know the Wave principle in properly and deep understanding manner , its so easy when you understand the concept
You can look the plotting in the chart , its not candle stick , its not line chart , its not having any Price chart at all , so what i am trying here ??
Its simple people i am using an indicator , Bill Williams indicator called Alligator , You can visually look how the waves have developed in the past and you can easily understand where you are at this instance in relation to trend ,
Well i would say i am in possible end of wave 4 in 30 Mints time frame , My knowledge is saying its about to end its wave 4 and it will make new high as wave 5
Questions ?? will it make reversal at the price i have mentioned ?? may be or might extend price by 1 % or half % but the momentum have lost in down ward side
What i have to do now ??
Wait for another correction to take place and look for strong close in price that indicates the change in the sentiment by price factor
will it make New high ?? well i have no idea , but what i know is when i enter my trade i will start trailing the stop and let it move until it becomes weak in price move
and exit using trailing stop method or volunteer method
can i make money in this ?? off course i can make money in this by trading cash , Futures , Options , every penny i invest i will earn at least 2X rewards in it
Then people what you need to do now ??
Well decide yourself where you want to be in the trend ? Money making ? or wait for some news to come ??
its your decision
Good luck people
You can look the plotting in the chart , its not candle stick , its not line chart , its not having any Price chart at all , so what i am trying here ??
Its simple people i am using an indicator , Bill Williams indicator called Alligator , You can visually look how the waves have developed in the past and you can easily understand where you are at this instance in relation to trend ,
Well i would say i am in possible end of wave 4 in 30 Mints time frame , My knowledge is saying its about to end its wave 4 and it will make new high as wave 5
Questions ?? will it make reversal at the price i have mentioned ?? may be or might extend price by 1 % or half % but the momentum have lost in down ward side
What i have to do now ??
Wait for another correction to take place and look for strong close in price that indicates the change in the sentiment by price factor
will it make New high ?? well i have no idea , but what i know is when i enter my trade i will start trailing the stop and let it move until it becomes weak in price move
and exit using trailing stop method or volunteer method
can i make money in this ?? off course i can make money in this by trading cash , Futures , Options , every penny i invest i will earn at least 2X rewards in it
Then people what you need to do now ??
Well decide yourself where you want to be in the trend ? Money making ? or wait for some news to come ??
its your decision
Good luck people
Trade active