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BBS Trading Expert
Watch the Youtube BBS video and here is a crude oil trading example

 

Want to know more about:

NinjaTrader formulas.

MetaStock formulas.

MetaTrader formulas.

My YouTube videos.

AXIOM business books awards, bronze medal! Thank You!

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Favorite articles in 2010, 11, 12, 14 and 2015 S&C Readers' Choice Awards.

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AXIOM Business Books Awards, bronze medal.

AXIOM award

 

 

 

 


 

1>2<3 Wave Count Indicator

123Waves Intro - NEXT - Wave Indicator - Application

SVE123COUNT 123-Wave Count ZigZag

The zigzag wave count indicator "SVE123Count" uses fast averaging on the price change. In the next figure you see that the last wave down, the thicker blue line does not change direction unless a minimum percentage change in average price is reached.

As a standard we use 2.5% for swing trading stocks on a daily chart.

123 count zigzag


 

Only when the preset level of change is reached the indicator will change direction as shown in the following figures.

zigzag indicator

zigzag indicator reversing

 

For all the basic techniques, please consult my book “Capturing Profit with Technical Analysis”, published by MarketPlace Books and available HERE

123Waves Intro - NEXT - Wave Indicator - Application

STOCATA Stocks Technical Analysis HOME

 
 

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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