TZ2 - When and How to Use it
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
TZ2 - When and How to Use it
I won't go into much detail. Assuming you already understanding TZ1. This infographic should be self explanatory if not you may ask a question by replying to this topic.
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
Tomi
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
- 13
Re: TZ2 - When and How to Use it
Good stuff. Many times this is a scenario where pullback has been so deep that the waves are 1-2 and possible next W5 might turn to new W3. TZ2 is then the good first target.