Grading a trade with W5T Indicators Running through the process of framing your chart, grading a trade, and taking signal entry locations. BITS confirmed a great trade with 9-11 yes reasons to take the trade and only 1 maybe/no reasons. Nice 30 plus point move 120 ticks. Reach out if you would like a personal live stream demo of these indicators.
W5t
200 Point ES1 drop predicted a week ago almost to the tick! Nice 200 point drop in the ES that John and I predicted 9 days ago almost to the tick. If you aren't using high time frame channels to frame your charts you are missing out on really big moves! Check out Trading Views auto fib and anchored VWAP indicator. The W5T Roller Coaster indicator picked up some nice 400 tick moves on the way up. If you follow my Wednesday webinars at 7pm here on Trading View you will see how to grade a trade and last night I said I would not take that 5th wave move and it failed just like I thought it would. You wouldn't know that if you didn't grade your trades. Big shout out to John Garland for helping me figure out these levels and POC point of controls.
Did W5T Indicators give a early signal before 6/5/20 NFP report?I was asked by a fellow trader if the W5T indicators on the Trading View platform gave an early signal before the NFP report on 6/5/20 8:30am Eastern. Our Roller Coaster indicator caught the potential move and alerted to a long opportunity. In this video I went through how to grade the trade if I would take it. 6-7 reasons that said "yes" to going long and 0 or maybe 1 that said no. Very good trade that has kept on giving. Be careful!!!! Supply zone is right above us.
All ideas and comments are for educational purposes only and not trading advice - CYA policy
W5T Elliot Wave, BITS, Roller Coaster Indicators ES1!Nice gap down on the Sunday open creating a deeper W5T Elliot wave 4 pullback on a daily chart. Almost a wave 5 down on a 5 minute chart. A lot of people don't realize you can have multiple wave patterns going opposite directions at the same time. With the right charting and wave count isolated you can see them in action. The wave 5 down on the 5 minute is actually a wave 4 pullback on a daily chart. Stay tuned for updates tomorrow on this.