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AUDUSD Trading plan for today. SWA approach.Swing Wave Approach Developed by author, This approach can be used by professionals and due to it’s simplicity it can be taught in a much shorter period than other Wave analysis offered on the market. The main idea behind it is catching a one swing. And the main use of the current approach is to trade, rather then analysing the long term price movement. The purpose of the approach is to make money out of the next swing of a tradable period. Impulse move, or the move towards the presumed main trend direction, is indicated with “i” followed by the wave number Each higher step/grade is marked with Capital “i” which stands for Impulse + apostrophe after the impulse wave number e.g.: I1’ - 1st impulse wave 2 steps higher, I1’' - 3 steps, I1’’’ - 4 steps I1’ I2’ I3’ 2 steps higher I1 I2 I3 1 step higher i1 i2 i3 trading period ‘i1 ‘i2 ‘i3 1 step lower ‘’i1 ‘’i2 ‘’i3 2 steps lower Corrective move is marked with letters, where a - 1st corrective wave, b - 2nd, etc… Each higher step/grade is marked with Capital letter + apostrophe after the ; e.g.: ‘ - 2 steps higher, ‘’-3 steps, ‘’’ - 4 steps A’ B’ C’ 2 steps higher A B C 1 step higher a b c trading period ‘a ‘b ’c 1 step lower ‘’a ‘’b ‘’c 2 steps lower Each lower step/grade marked with apostrophe before the lowercase letter; e.g.: ‘a - 1 step lower, ‘’a - 2 steps lower, ‘’’a - 3 steps lower
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by Marenno