Simplifying My System

Today we move away from the creative and theoretical and into concrete and simple. The aim is to explain the system in such simple terms a 10 year old child could understand it and execute the strategy. I think for large portions of the strategy so far we've reached such simplicity. There are aspects of the s-wave that still contains some irreducible complexity. I believe that the essence of the s-wave can be understood and simplified further since its quite a simple idea. Its only in explaining it that it appears confusing. This probably hints at some incomplete understanding on my half. We will have to wait and see. Either way this is where we are currently.

Good Trading.

Analysis

US Dollar needs to bounce and produce a set of lows on the index, which will provide relevant information for most dollar crosses this week. I am most interested in the usd/jpy followed by the usd/chf pairs to take shorts. Of course this is before having seen the bounce. If we don't find support there are no positions open to us.

As said in the analysis I would look and I will be looking at many crosses this week for opportunities as the dollar seems to have some longer term agenda that might take a week or so to fully develop.

Good Trading.

Patterns To Profit

I wanted to approach price from a more detailed angle looking at candles closely and building a picture from the ground up. My preference for patterns is too strong and we wandered down some different corner of our system today. The walk was not pointless, in fact many ideas and assumptions that I use became more conscious to me. Now looking back I can see more clearly how my intuition was working on building and defining various structures used in our strategy. Namely the s-wave, anchor points, divergent doubles, impulse waves and impetus waves.

Good Trading.