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August 18, 2008
Printer: Yet to come
Beyond Traditional Cycles
FIGURE 5.23 Dynamic Time Projection for a Wave-C
A Dynamic Time Projection target can be made for any pattern structure. Figure 5.24 shows the DTP for a Wave-5 low for 60m ES data. This is the same data used in Chapter 4, where you learned to identify the probable price target for the five-wave trend low. The highest DTP score was for a Wave-5 late afternoon of November 26, right when the low was made. If you want to make the Dynamic Time Strategies a regular part of your trading plan for all market conditions, you might check out the Dynamic Trader program on our web site. You don’t need it to do what I’ve taught you so far, but it can save you a lot of time.
CONCLUSION In this chapter you’ve learned some practical time strategies including Time Bands and Dynamic Time Strategies. Use them every day for every market and time frame and you should make a great advance in your trading results.