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SWA

EURUSD has a new trough (Using limit orders)finally, while UK is asleep - EUR is jumping up... good or bad - depends on your market approach. basically some of us has missed a good intraday move everyone have been waiting for. but ok, as I see the current market situation the level of 1.115 must be cleared before the market will continue it's up move, (if it will, we can not know for sure - never). also the price has already bounced off the resistance level at 1.122 so some will ask what to do? So here the limit orders will help us to get a better price anyway, or at least a smaller lost. by the limit order, I do not mean exactly the order, but the limit approach, or in another words - a better price thinking. So where would a multi million fund buy if they wanted to buy, Where would they sell if they wanted to sell? first -- always have this questions in your mind when trading, here is another must do thing - a small stop losses, but I will talk about it later. so ok, if we're considering a continuation of a short trend, as we already had a very nice top more then a week ago, is the decline enough for going short now? do not think so, why? well answer the questions above, do we have enough people buying? not yet. some are still selling, and waiting for a further decline, when their losses will be big enough, and they will close their loosing positions, and wil start buying - a smarter guys will start selling to them. What tools to use and how to establish this type of thinking? well some are using "EWA", I'm using my own "SWA", and on my approach I'm using tools like fibo, and we're now at 38,6 which is not really enough. but some traders will start to sell and put their stops just above the current high. smarter guys will wait or will put their sell limit orders just above the current high with a goal to get the other's orders in order to have a smaller risk and better price. in case of entering long - will the smart money enter now, or will they wait? I guess that you know the idea and the answer. I will be open for your questions and will answer them all. All You have to do is simply ask., Your likes are appreciated!!!
by Marenno
USDJPY SWA" possible scenarioTrading plan on a current mid term situation. Instructions on how to read labels on a graph: The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period. To get a deeper understanding of the approach, that can open a new doors for your trading, please contact. Impulse move (impulse wave), or the move towards the presumed main trend direction (of a period researched), is indicated with “i” followed by the wave number Each higher step/grade is marked “i” which stands for Impulse + apostrophe after the impulse wave number one for each step higher. e.g.: i1’ - 1st impulse wave 1 step higher, i1’' - 2 steps higher, i1’’’ - 3 steps higher 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 Each lower step/grade is marked with apostrophe before the i - letter that stands for impulse wave. 'i - 1 step lower, ''i - 2 steps lower, '''i - 3 steps lower Corrective move is marked with letters, where: a - 1st corrective wave, b - 2nd, etc… Each higher step/grade is marked with a wave’s letter + apostrophe after the ; e.g.: ‘ - 1 step higher, ‘’- 2 steps, ‘’’ - 3 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 This is an author's simplified wave trading approach. It has been created for trading, and if you're interested to "catch a Wave" please feel free to contact. All what you see at the charts, is a ready made SAW, so no explanations are added, so if you have any questions, just white a comment, and ask. The bits of wave theories known , Volume analysis and classical technic analysis is used in the system, to get a simple and professional approach. For traders Arturs Jermolickis
Short
by Marenno
EURJPY SWA"AnalysisTrading plan on a current mid term situation. Instructions on how to read labels on a graph: The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period. To get a deeper understanding of the approach, that can open a new doors for your trading, please contact. Impulse move (impulse wave), or the move towards the presumed main trend direction (of a period researched), is indicated with “i” followed by the wave number Each higher step/grade is marked “i” which stands for Impulse + apostrophe after the impulse wave number one for each step higher. e.g.: i1’ - 1st impulse wave 1 step higher, i1’' - 2 steps higher, i1’’’ - 3 steps higher 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 Each lower step/grade is marked with apostrophe before the i - letter that stands for impulse wave. 'i - 1 step lower, ''i - 2 steps lower, '''i - 3 steps lower Corrective move is marked with letters, where: a - 1st corrective wave, b - 2nd, etc… Each higher step/grade is marked with a wave’s letter + apostrophe after the ; e.g.: ‘ - 1 step higher, ‘’- 2 steps, ‘’’ - 3 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 This is an author's simplified wave trading approach. It has been created for trading, and if you're interested to "catch a Wave" please feel free to contact. All what you see at the charts, is a ready made SAW, so no explanations are added, so if you have any questions, just white a comment, and ask. The bits of wave theories known , Volume analysis and classical technic analysis is used in the system, to get a simple and professional approach. For traders Arturs Jermolickis
Short
by Marenno
EURUSD SWA"AnalysisTrading plan on a current mid term situation. Instructions on how to read labels on a graph: The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period. To get a deeper understanding of the approach, that can open a new doors for your trading, please contact. Impulse move (impulse wave), or the move towards the presumed main trend direction (of a period researched), is indicated with “i” followed by the wave number Each higher step/grade is marked “i” which stands for Impulse + apostrophe after the impulse wave number one for each step higher. e.g.: i1’ - 1st impulse wave 1 step higher, i1’' - 2 steps higher, i1’’’ - 3 steps higher 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 Each lower step/grade is marked with apostrophe before the i - letter that stands for impulse wave. 'i - 1 step lower, ''i - 2 steps lower, '''i - 3 steps lower Corrective move is marked with letters, where: a - 1st corrective wave, b - 2nd, etc… Each higher step/grade is marked with a wave’s letter + apostrophe after the ; e.g.: ‘ - 1 step higher, ‘’- 2 steps, ‘’’ - 3 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 This is an author's simplified wave trading approach. It has been created for trading, and if you're interested to "catch a Wave" please feel free to contact. All what you see at the charts, is a ready made SAW, so no explanations are added, so if you have any questions, just white a comment, and ask. The bits of wave theories known , Volume analysis and classical technic analysis is used in the system, to get a simple and professional approach. For traders Arturs Jermolickis
Short
by Marenno