Tomi's friendly market journal

[Dave]

Yes of course, not an entry alert. But if the alert is for the formation of a new fractal after cross of 34 then that's perfect - effectively showing S2. Simple.

"Simplicity is the ultimate sophistication". Leonardo da Vinci

[Tomi]

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[Tomi]

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[Tomi]

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[Tomi]

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[Tomi]

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[Tomi]

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[Tomi]

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[immy]

Slow morning and a bit difficult... got still 3 trades: BE, -7 and one trade with two separate closes +14 and +7.

I have almost rents on March and most of the time I was trading W4's. I'm trying a bit different approach to stay away of those hideous W4's. I'm trying to catch the start of the first waves of the day. Meaning waiting for the first breakout of M5 and after that waiting for setup on M1. If markets are moved already a lot (40-50 pips) I'll stay away until markets are settled enough = I'm not rushing for those W4's that are available.

I'm trading the plan as described in the first post but mostly timing my trading time and focus to the start of the waves and doing something else after W3's ended. Hopefully this could be my exact edge.

On Monday this approach would have resulted to great trade but I was taking the kid to the school. On Tuesday there were no setups. Today there were these:

20130320_1.jpg

Hi

You've realised and made a very important decision. Most traders find the simplicity of eWaves and say, why should i risk trading wave 3's when wave 5's are so easy to trade. Its a trap. Its visible to the entire market. So usually you end up paying at least one rent before you hit wave 5, if there is ever a wave 5. i like to get in a wave early and once I've made money from wave 3's only then I try the 5s. good luck but you don't need luck!

[Tomi]

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