The trading system we use comes after 10 years of R&D (research and development). There are a ton of trading systems out there specifying entry signals and can cost thousands of dollars. After years of working with different systems we have concluded on this system because it allows entries into most strong price trends while filtering out most trades that fail to move. It will work with stocks, bonds and cryptocurrencies. Instead of charging money for it, we give it away for free and hope you use it to raise your standard of life and help those around you.
Step 1: Look for an obvious ABC correction pattern after a uptrend in price movement (can also be used for bearish calls to the downside)
Step 2: Wait for some type of smaller 5 wave move higher off of the ABC pattern
Step 3: Watch for the TTM Squeeze to setup another price rise after the Wave 2 decline (shown in Pink). The TTM Squeeze histogram will start to cross over the zero line.
Step 4: Create a trendline break above the peaks of the RSI where the 1&2 of the first wave (pink) overlap with the waves of 1&2 of the second wave structure (blue).
Step 5: Enter the trade on the break of the RSI and the break of the trendline on the Price chart.
Step 6: Create a Fibonacci Extension stretching from greater wave 1 to 0 (pink).
Step 7: Sell 1/2 the position at the 1.618 extension. With a remaining Stop Loss at break even in case the trade turns around against the trend.
Step 8: Sell other 1/2 of the position at 2.618 extension. Wave 3 &4 can usually be choppy but will usually give another set of entries for a 5th wave higher. So rinse and repeat for Wave 5 (pink).
*Notes*:
- Position size should be no more than 10% of account balance for any one trade. It is NEVER recommended to allocate all trading capital for one trade.
- If a trade entry is missed, do not chase the trade, there will always be more trades
- Producing consistent results is like following a cooking recipe, do NOT improvise. Just because you want sweeter cookies does not mean if you dump in an extra 2 cups of sugar you will get better tasting cookies.