Forex on Five Hours a Week – How to Make Money Trading on Your Own Time : [PDF Download]

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“The entry trigger is a candle that breaks up through the top line of the Wave (buy) or a candle that breaks down through the Wave (sell). Blue candles are alert candles as they are neutral and that would mean they signal that a trigger could be coming.

Blue candles will most typically occur during the sideways market cycle or during an uptrend pullback or downtrend bounce. So you see that the basics are the same ideas that I have used and taught. I think what makes it interesting is that this is completely visual.

I think that in the interest of keeping this basic system, well basic, is to consider only major and minor psychological numbers, which are completely objective, or even pivot points, which are almost completely objective. (By the way, it’s time that makes pivot points subjective as different traders can use different closing and opening times.)”

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