Wednesday, May 2, 2012

How to identify active wave

How to identify active wave:

For intra day trading go 5 min chart. See high and low, This is the active wave which is >40 pips.

For day trade go 15 min chart , see high and low , This is the active wave which is >100 pips

For long term trader, use 4/1 hr chart >150 pips


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