Smooth PA waves tend to be better than ragged ones. Waves that have the first of the three legs of the wave crossing thru the Dragon tend to be better than those that don’t. Dragon — Two features of the Dragon are used, angle and borders.

The border is used to help select the entry point (EP). Enter at least a few pips beyond the end of the binatex bot candle that first comes out of the Dragon (border) on the thirdfinal leg binatex bot of the wave you are trading. Obviously, this means price must be above the Dragon for longs and below the Dragon for shorts, and you are giving PA some extra moving room before entering to binatex bot help avoid “head fakes”. Trend — This line shows the local “trend” but can be used in a couple of ways. Look for when PA is also above the Trend for longs and below it for shorts. The Dragon crossing the Trend is significant, too, crossing up for longs and crossing down for shorts.

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The binatex bot significance is not restricted to entries, but is an indication of strength of trend. It is recommended to trade only during the London session, meaning don’t pick an entry to a trade outside of the binatex bot LS. Use historic S&R to find binatex bot where to take profit (TPs). You can restrict to only such levels within the binatex bot day range (ref: RDH, RDL) for quicker inout and less exposure to market. Some will use the M5 on occassion, as binatex bot in shortly after the London session opens, bot binatex to get an earlier entry. The H4Daily binatex bot charts are used to spot candle configurations that lend support for an M15 setup. Such candle configurations are pin bars, hammers, and engulfing.

Attached Picture #1: See the attached first picture showing an example of a decent wave with the first leg crossing the Dragon, the Dragon with angle, and a situation where the Dragon binatex bot is above the Trend that also is binatex bot angled up. Note that the example entry binatex is bot during the London session, too.

I am a successful trader and make profits forex robot that will bring you profits all the binatex bot time. The screen, use the left-up modified by its user for ample and rewarding results commonly.

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Some Words About Re-entries: Re-entries are nothing more than trading a new wave formation after an intial setup has started to binatex bot run. Typically this will involve price pulling back towards, to, or even thru the binatex bot Dragon and then back in the direction of the trade. You pick entry anywhere you want to on the third leg binatex bot of that new wave, from inaround the binatex bot Dragon (early entry) to waiting for price to move beyond the previous HL best trendline mt4 before binatex bot the pull back started (conservative entry).

If you look risk reversal strategy forex again at the second picture you can see this includes a re-entry situation. See how price came up thru the whole number (a natural S&R level, and always a significant S&R level). Then price pulled down and eventually bounced back up off this whole number area. When the next London session got underway, the MMs completed a move to below binatex bot the Dragon and then started a new run that ended up going much higher. You can see I drew an binatex bot EP that is definately not at least a few pips beyond the end of the first candle exiting the Dragon on the thirdfinal leg of the wave.

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However, I did draw EP within the London session, and where price action rose above all recent previous highs. The EP could bot have binatex been more aggressive, closer to the Dragon or even inside the Dragon. This is a trader “judgement” call, and you will have to learn to do things like this, to evaluate price action relative to S&R (bounce and rise off a whole number) and see when a re-entry setup has potential due to its relationship to S&R. A Personal Observation: We traders have an inclination to desire to make the “best possible” entries, meaning as close to lows as possible for long fx robot trading trades and as close to highs as possible for short trades. And often on this thread you will see posts binatex bot of initiated trades where the EP does not seem to exactly follow the Sonic R. System basics, with the EP being too close to the Dragon, or even on the wrong side of the Dragon!

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