Fruit - Get in the Next Trend before others.
This strategy provides an efficient way to get in the market at the top of the wave and ride the trend until it ends.
Use the Fruit for Reversals or Time Entries into Wave 3 or Wave 5
Time Frame: This is our prime strategy for trading the Daily and Weekly Charts. [ONLY]
Dave wrote:Just a quick question about fruit entries....
If you get a fruit signal (eg short) and the following candle does not trigger the short but breaks the high of the fruit, do you cancel your pending? I know we're picking tops and bottoms but if the break of the high is only by a fraction then this could almost be considered 'bud-like'.....
Thanks, Dave
Its a matter of choice, how you feel about the market on that day and pair etc. But as a rule if its a few pips penetration tis ok... perhaps even better at times, as it could be suggesting, as you said bud like entry, that the market is NOT going in that direction.
cheers
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.
Kiwi: it could have been something special but it was not going to go where "I" wanted it to go. Luckily I had my SL set above aims. I would have given it more space but I knew the daily trend was not on my side and Kiwi has a habit of sticking to a trend pretty nicely.
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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.
Darren wrote:Immy - What is the initial entry trigger - is it the bottom of the fruit with the dot and if so where was the initial stop loss?
I am still a little confused about fruits for some reason!
I missed the initial fruit entry and so I entered at the level and time as indicated by the arrow using the previous fruit candle. Had I entered before I would have paid a rent and then re-entered here.
I hope this clarifies. The second entry, the add on is based on eWave entry technique. 3 Red Bars on eWave after you've made initial Fruit entry. I have not explained it here in detail as I have not seen many trying Fruit strategy. We will get into add ons once we see at least a few Fruit traders...
cheers
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.
Darren wrote:OK - makes sense. So the initial stop was above the high of the current Aims box I take it?
oh sorry, yes, the second time round, it was above there. I was upset that I missed the Seed reversal here so I made use of the fruit. Its not a practice I'd recommend. But since I took this trade, i reported here... Better stick to the RULES!
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.
