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I haven't read the entire moneytec forum, but the diagrams in this picture match all of the trading rules I have found. point 5 was not predicted in any of the 3 "potentials" listed here, and the target was never hit.
Looking at the trading rules, all three different colors match every rule documented. I think I need the manual to give this credibility.
The "potential WW" was spotted at H1 timeframe, I came in closer to make this chart.
i think i forgot to post this. excellent trade. mad pips!
According to what I have read, position 4 is mislabeled. Should it be the next peak after 3? If it was adjusted, then eyeballing it says you would still have hit the desired profit point, but more accurately. I can't really tell since I haven't seen a 1-3-5 lineup yet or the profit target hit on my own.
What do you think about this one?
Does it fit? But if, how to count it?
The target could be pretty high in this example.
Point 1 Needs to be between points 3 and 4. or it doesn't meet the street smarts rules. Linda apparently added the requirement of 4 being less than or greater than 1 depending bull or bear.
I don't know what Wolfe would say I need more info.
Edit: It is hard to tell without any numbers on the chart. Using the conditions listed above, I ended up drawing the same lines you did, and it looks like one to me... but I still don't know much
Point 1 Needs to be between points 3 and 4. or it doesn't meet the street smarts rules. Linda apparently added the requirement of 4 being less than or greater than 1 depending bull or bear.
I don't know what Wolfe would say I need more info.
Edit: It is hard to tell without any numbers on the chart. Using the conditions listed above, I ended up drawing the same lines you did, and it looks like one to me... but I still don't know much
Anyway, it is a past one. I think, it is wrong. But my secony one, in this thread looks good, or?
...probably a wolfe wave. If it creates the exprected point 5 I will go long
I went over the chart to see if I could find the section of your chart. I did, and it appears Murrey Math beats Wolfe Waves.
In MM, if the price goes over (or under) a thick line but doesn't close above the second line above the thick line, it falls back to at least the dotted line. 6/8 (Oct 15), 4/8 (Nov 8)
The dotted line (4/8) is also a strong resistance line. I have noticed that if it is penetrated but no close above the higher (5/8) line it will shoot down to at least the thick line. Same goes with 3/8 and dotted line. You can see this at the 3.5/8, 4.5/8, 5.5/8 (oct 12), 5.5/8 (Oct 24), 4.5/8 (nov 4)
Your trade looks like an example of Murrey vs Wolfe, with Murrey winning. (second thumbnail). Your point 4 was just over the dotted line, and so a quick reversal was predicted by MM. Point 5 hasn't been hit yet (MM predicted drop to 5) but in order to hit your EPA will need to pierce the 3/8 line of resistance, 4/8 and 5/8. If USDCHF closes under 1.2344 I wouldn't try the WW target.
Edit: I used the current price and the fact this hasn't appeared yet to guess what the prices were on my charts.
I went over the chart to see if I could find the section of your chart. I did, and it appears Murrey Math beats Wolfe Waves.
In MM, if the price goes over (or under) a thick line but doesn't close above the second line above the thick line, it falls back to at least the dotted line. 6/8 (Oct 15), 4/8 (Nov 8)
The dotted line (4/8) is also a strong resistance line. I have noticed that if it is penetrated but no close above the higher (5/8) line it will shoot down to at least the thick line. Same goes with 3/8 and dotted line. You can see this at the 3.5/8, 4.5/8, 5.5/8 (oct 12), 5.5/8 (Oct 24), 4.5/8 (nov 4)
Your trade looks like an example of Murrey vs Wolfe, with Murrey winning. (second thumbnail). Your point 4 was just over the dotted line, and so a quick reversal was predicted by MM. Point 5 hasn't been hit yet (MM predicted drop to 5) but in order to hit your EPA will need to pierce the 3/8 line of resistance, 4/8 and 5/8. If USDCHF closes under 1.2344 I wouldn't try the WW target.
Edit: I used the current price and the fact this hasn't appeared yet to guess what the prices were on my charts.
Hey, thank you for your answer. I think, I do understand your explanation. Now I see it is not so easy as I thought
I need more info.
Linear Mode
