We were discussing something about how to trade the Apple. The apple trade is spotted at the end of Wave 4. So the question is what are the variables or rules that we can use to increase our odds of spotting the end of wave 4.
We know the following 2 rules.
1. 8 out of 10 times wave 4 will end within 38% and 50% fib retracement levels taken using the current Wave 3.
and
2. 8 out of 10 times wave 4 will come and touch the region of wave 4 within the current wave 3.
The following pictures were taken and shared in skype to make the point. specially for MurphMagic!
Where Does the Wave 4 End? How to Trade Apple?
- immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Where Does the Wave 4 End? How to Trade Apple?
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
- immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Goose Bumps! :)
applying the above logic, look what you could have done using the following chart.


What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
- immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Where Does the Wave 4 End? How to Trade Apple?
So when is a 3 not a 3 and a 4 not a 4?
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
- Hill
- AIMSter
- Posts: 93
- Joined: 18 Nov 2014, 23:45
- 10
Re: Where Does the Wave 4 End? How to Trade Apple?
Though it is bit old and no responses yet, let me tryimmy wrote:So when is a 3 not a 3 and a 4 not a 4?
3 is not a 3, if it forms after a 3 Or if it has any Divergence.
4 is not a 4 if it violates purple(above purple, if 3 down and 4 is moving up; below purple, if 3 up and 4 is moving down)
5 is not a 5, if it outgrows 3.
- immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
When is a W4 not a W4 ?
A picture to illustrate this point is attached.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!