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FXSurf WaveTrend System

by: FXSurf
FXSurf WaveTrend System The premise of this system is basically MTF WaveTrends converging/crossing over one another. I've used LMA's in the past for trend confirmation, but recently settled on three EMA values of:  25, 60 and 100.  I primarily use the Daily, 1H and 15M candles for entries, 1H being...

Re: FXSurf WaveTrend System

by: FXSurf
Oh, i see. Thank you for details! :) If im on the 15m candle then i want to look for divergences occurring. If i short I want at least the 15m and 1HWT above 50% and the 15m WT diverging. If long just the opposite. The higher TF WT indicates the overall trend. In this case the 4H. So if its sloping...

Re: FXSurf WaveTrend System

by: FXSurf
greenway wrote: Sun May 14, 2017 12:46 am Im using some additional tools too, like ADR, S&R levels and adjustable grid in pips. But i was looking for something to filter false signals when market is ranging.
I find that when all three WT's are at the zero midline then there may be some ranging occuring.
USDJPYiH1.png

Re: FXSurf WaveTrend System

by: FXSurf
I'm still struggling with precise reversal detection, so I want to ask about acting in regular situations. Can I sell when H1 WT is under the H4 WT (red vertical lines) or it's better to use only D1 trend direction and wait for H1 WT upcrossing H4 WT (green line)? I think you get the idea. I marked...

Re: FXSurf WaveTrend System

by: FXSurf
greenway wrote: Sat Dec 23, 2017 12:54 am

Thank you, FXSurf! Your signals are very strong. But what about smaller signals? We can wait a whole week or even two for reversal to occur. What should we do, when there is no strong reversal signal?
You enter on the pull backs if you miss the bigger entry.

Re: FXSurf WaveTrend System

by: FXSurf
greenway wrote: Sun Jan 21, 2018 10:37 pm

Thank you, FXSurf. I'll better stick with the trend, because my reversal detection is far from perfect. But how do you determine that the pullback is over and it's safe to enter?
I look for the regular reversal signs, double tops/bottoms, H&S, cup and handle etc.