This “sell” position will be closed either after it reaches the target, or when the C wave will be finished (MF protective pivot of wave C will show me exactly when it will happen)
As long as MF pivot is not broken - intraday trend down will proceed (important: MF pivot can move together with price).
When/if broken = intraday trend down will stop (at least for today)
p.s.:
I’m not too happy with the place where I managed to open my sell position. But on the other hand - better than nothing
Position will be closed either after reaching the 2nd target, or late in the evening.
FZR of MN level down is now officially happened.
This tells me, that trend down (the C wave down) has reached now a Monthly wave-level.
And as long as this wave down is developing - long-term trend down will proceed.
As usually - MF protective pivots will show us when will this wave stop.
A completely new approach to pivot points is used by Masterforex-V:
[B]Essence of MF Pivot[/B] – apex of the first sub-wave in the current wave, which when crossed means the end of current wave, as well as the end of higher level waves. It is a completely new, unique and revolutionary element of Wave Analysis. It is a start point or point of reference of any new same level wave in an unidirectional movement. Correctly identified MF Pivot helps to see the whole structure of any wave formation, as well as helps to understand which part of that formation is ended and what further movement variations are still possible
MF Pivot often is called a “Key of Wave Analysis”. This is not an overstatement. MF pivot helps to [B]identify in real-time[/B], for example when the m5 wave becomes an m15 wave; when can the price movement direction start to change; when the current wave is finished. As you understand, all these MF Pivot features are[B] very important[/B] for a trader, who wants to understand, what he should do now, in the [B]current moment.[/B]
[B]How exactly can MF pivot help in actual practical trading ?:[/B]
MF pivot tells me EXACTLY when and where is the market changing from “Trend-phase” to “Flat phase”.
With help of MF pivot I can identify in “real-time mode” when did the trend stop and if it is time to move from “trend-strategy” to “flat-strategy”
Hey There, [B]pariama [/B]and everybody else.
Do to some unpredicted circumstances (it’s life baby )
My 2 weeks break became a 2 years break.
But I’m still alive and I’m coming back to this thread with new ideas (but still with same trading approach) :59:
Here is my latest overwiev of currencies that I trade: EurUsd, GbpUsd, AudUsd, UsdCad based on Masterforex-V approach.
Since recording this video some changes did happen (will be talking about them in my next video review )
[B]Live Update for AUDUSD:[/B] #AUDUSD has renewed the new High on h4 - this pair is back to Trend phase of h4 (see last video). New MF pivot protecting this trend is 0.7608. As Lons as this pivots is not broken - trend up will proceed and I will be looking for buy positions
Hey Guys. We are nearing the start of new trading week.
Here is a part of my trading plan (see video).
Note: if anything wil change - I will post updates here