P1: PIC/PIC c05
August 18, 2008
Printer: Yet to come
Beyond Traditional Cycles
FIGURE 5.21 Time Band for EUR/USD 60m High
useful and they will become a regular part of your strategy to identify conditions with a high probability outcome and acceptable capital exposure.
MORE TIME FACTORS In the preceding sections on the Dynamic Time Strategies, I have taught you how to identify time targets to complete a correction. If you can identify the conditions with a high probability to complete a correction, you are in a position to enter a trade in the direction of the major trend, which is why we put a lot of focus on corrections. The same approach is used to identify in advance the time targets to complete fivewave and other trend structures. I have not included Dynamic Time Strategies for trend targets because they involve more sets of projections and more ratios from a wider variety of sections. They are also more difficult to do unless you have the Dynamic Trader software to make the projections. So weâ€™ll have to leave Dynamic Time Strategies for