SlideShare a Scribd company logo
1 of 24
Company name



        Anne-Marie Baiynd, Professional Retail
                     Trader President, CEO -
Isolating, Identifying and Utilizing Simple Consistent and Repeatable Patterns
                     To Create High Impact Trading Results




                                           Anne-Marie Baiynd, Professional Retail
                                                        Trader President, CEO -
Look for the new
workbook in stores this
autumn with lots of work
through examples


Available at –
•   Amazon
•   Books A Million
•   Barnes and Noble
•   And your favorite bookstore
Imagine your most complicated chart
here
COMMON NOTIONS WE
                                  HAVE




 We think we have a 50-50 shot at winning – so
  in essence, we think of trading as a gambling
  opportunity

 That makes us treat short term trading like
  purchases of lottery tickets – and we leave
  almost everything to chance

 ‘Chance’ running the show makes us believe
  we should be a little out of control – so we
  become accustomed to that feeling of being
  out of control – and that drives poor trading
  behavior
COMMON HABITS WE
                                    HAVE




 Our thoughts processes stop short of being
  complete

 We want the easy way out - we look for short
  answers when sometime we need long ones

 We generalize are generally unconscious of our
  cognitive biases

 We overestimate our ability and underestimate
  our risk

 We often fail to observe simple formations to
  capitalize upon
IT’S ALL ABOUT THE
                                    WAVES




 Every day, the market does a number of very
  similar things

 The market retraces, extends, expands and
  contracts

 The market comes into moving averages then
  extends away from them, only to return at a later
  date

 The moves of the day are ALWAYS closely related
  to the moves from nearby past days

 The market moves into familiar spaces of support
  of resistance
PREDICTABLE MOTION




 Any wave at any time is either in the process of
  wave retracement or wave extension

 The market retraces, extends, expands and
  contracts

 The market comes into moving averages then
  extends away from them, only to return at a later
  date

 The moves of the day are ALWAYS closely related
  to the moves from nearby past days
WAVE IDENTIFICATION &
                                  CREATING THE ‘STORY’



•   What is this chart doing?
•   Where is price exploration?
WAVE IDENTIFICATION &
                                              CREATING THE ‘STORY’



•   How many waves could we identify here?
•   What can we do with this information?
•   We can measure them and use what we find to trade the rhythm
CHOOSING THE WAVES TO
                                                            TRADE



•   We’ll be trading these formations, so let’s consider the left side of the chart properly
•   This allows us to estimate what the right side of the chart will deliver
•   Learn to focus on what you expect and act accordingly as the chart develops
CHOOSING THE WAVES TO
             TRADE



•   Let’s look through a series of wave choi
CHOOSING THE WAVES TO
       TRADE



•   Note common retracement levels
CHOOSING THE WAVES TO
       TRADE



•   Note common retracement levels
WITH ALL THESE WAVES,
                                                                WHICH DO WE CHOOSE TO
                                                                TRADE?



      •   We can choose any wave to trade - Simply choose one–
      •   It must be complete with an identifiable high and an identifiable low
      •   Because the market is fractal, you can trade any of them with reasonable
          success




•   The caveat is that we must have complementing
    technical rules to guide the trade through
•   Again, note the common levels of retracement
OBSERVATIONS OF RANGE OF
                                                               MOTION IS CRITICAL TO
                                                               TRADING ACCURACY



      •   50 and 200 moving averages to help drill home earlier notes
      •   These identified ranges show us what happens through the day after the
          initial ranges are created at the open




•   Breakouts or breakdowns of introductory ranges are often very good trading
    levels for trade initiation
ALWAYS KEEP YOUR EYES ON
                                                            THE COMBINATION OF TREND
                                                            DEFINED BY YOUR 50SMA AND
                                                            USE THAT IN CONJUNCTION WITH
                                                            RANGES AND FIBS


•   What do we expect here and what can we trade
•   Important observations
      • We are extended from the 50 and the 200 ma’s
      • We are over an established opening trade region but without retest
      • What do we expect? What is the pattern we’ve generally identified?
      • What’s the trade? Where’s relative support?
      • I’ll short at the loss of the level identified- small channel would be
        broken
      • I’ll go long at the bounce off support that holds or the retest of the
        breakout




                                                •   Get accustomed to asking yourself
                                                    questions that will assist you in
                                                    walking through the trade
ALWAYS KEEP YOUR EYES ON
                                                            THE COMBINATION OF TREND
                                                            DEFINED BY YOUR 50SMA AND
                                                            USE THAT IN CONJUNCTION WITH
                                                            RANGES AND FIBS


 •   Entry at the breakdown or entry at the retest of the breakout
 •   What’s the trend here?
 •   What do we expect with this kind of trend?
 •   Where should my stop be for the long? What about the short?
 •   Where is my first target? And the second ?




Do you design both sides of a trade when moving averages are flat/relatively
flat?
TRADE DEVELOPMENT




•   Notice
     • The retest and collision with the 50ma
     • The 38.2% wave retracement that holds
     • The sideways action until it meets the 50ma
     • The 127.2% extension
     • The hyperextension away from the 50ma
CHART CONTINUATION




•   Here’s where that chart went
•   Momentum will either dampen or
    reverse so that the chart can revisit the
    50ma
It’s Not About Trying Harder
• Because of the way our mind needs to work to
  trade in the market –we have to think through
  complex structures with speed - we can’t just ‘try
  harder’
• It’s about
  • An engaged mind – combining intuition with structure
  • A focused attention to detail and nuances of change
  • A lack of a rush to judgment and proper assessment of
     risk
  • Verification of your ‘hunches’
  • Guide your mind through the trade –structure and
DISCOUNT IF YOU MENTION –
TheTradingBook.com
Ten Days Free Access To MTA Members
•   Live Market Analysis Chat Room       • Email me for the room
    During Trading Hours
                                           registration code for the
•   Daily Chart Analysis Premarket
                                           free week and mention
•   Day Trading Levels
•   Swing Trading Levels                   the name ‘Shane’ for your
•   Futures Trading Levels                 access –
•   Live Trading Setups
•   Covered Calls, Straddles,          • Note: This room is best
    Strangles, Spreads, Naked
    calls/puts                            for the serious trader who
•   On Demand Learning Info               comes with basic but
•   Small Team Coaching Groups            solid trading skills –
•   On site Regional Training             beginners will find the
    Events                                room challenging to
•   Live Webinar Learning Events          follow
                   annemarie@thetradingbook.co
                               m

More Related Content

Similar to Wave formations and decisions

B.I.G. Institutional Forex Trading System
B.I.G. Institutional Forex Trading SystemB.I.G. Institutional Forex Trading System
B.I.G. Institutional Forex Trading SystemHisExcellency3
 
Lesson BTF110. Chart Patterns for Binary Trading
Lesson BTF110. Chart Patterns for Binary TradingLesson BTF110. Chart Patterns for Binary Trading
Lesson BTF110. Chart Patterns for Binary TradingOrlando G
 
OFTC Lesson 1 - Introduction To Order Flow.pdf
OFTC Lesson 1 - Introduction To Order Flow.pdfOFTC Lesson 1 - Introduction To Order Flow.pdf
OFTC Lesson 1 - Introduction To Order Flow.pdfssuserf085a81
 
Trade what you see not what you think
Trade what you see not what you thinkTrade what you see not what you think
Trade what you see not what you thinkNinja Tan
 
Presentation – I - NEW PERSPECTIVE ON TRADITIONAL TECHNICAL ANALYSIS PROBLEMS...
Presentation – I - NEW PERSPECTIVE ON TRADITIONAL TECHNICAL ANALYSIS PROBLEMS...Presentation – I - NEW PERSPECTIVE ON TRADITIONAL TECHNICAL ANALYSIS PROBLEMS...
Presentation – I - NEW PERSPECTIVE ON TRADITIONAL TECHNICAL ANALYSIS PROBLEMS...Aniruddha Deshpande
 
The Impact of Algorithmic Trading
The Impact of Algorithmic TradingThe Impact of Algorithmic Trading
The Impact of Algorithmic TradingLov Loothra
 
How to Trade Like the Pros | VectorVest
How to Trade Like the Pros | VectorVestHow to Trade Like the Pros | VectorVest
How to Trade Like the Pros | VectorVestClayRoyer1
 
Forex Introduction
Forex IntroductionForex Introduction
Forex Introductionfxrainman
 
Charlie presentation 2
Charlie presentation 2Charlie presentation 2
Charlie presentation 2Power Point
 
How to Lock in Profits on Every Trade - Presented by Dr. Richard M. Smith
How to Lock in Profits on Every Trade - Presented by Dr. Richard M. Smith How to Lock in Profits on Every Trade - Presented by Dr. Richard M. Smith
How to Lock in Profits on Every Trade - Presented by Dr. Richard M. Smith TradeStops
 
B.I.G. Institutional Forex Trading System #2
B.I.G. Institutional Forex Trading System #2B.I.G. Institutional Forex Trading System #2
B.I.G. Institutional Forex Trading System #2HisExcellency3
 
Lxcapital ppt 17,08,18education part
Lxcapital ppt 17,08,18education partLxcapital ppt 17,08,18education part
Lxcapital ppt 17,08,18education partteam3digifame
 
June 2 I Session 2 I GBIH
June 2 I Session 2 I GBIHJune 2 I Session 2 I GBIH
June 2 I Session 2 I GBIHGBIHSupport
 
Lesson BTF107. Single Candlestick Patterns for Binary Trading
Lesson BTF107. Single Candlestick Patterns for Binary TradingLesson BTF107. Single Candlestick Patterns for Binary Trading
Lesson BTF107. Single Candlestick Patterns for Binary TradingOrlando G
 
Rocky yaman professional technical analysis & market reading
Rocky yaman   professional technical analysis & market readingRocky yaman   professional technical analysis & market reading
Rocky yaman professional technical analysis & market readingPower Point
 
Singapore iFest 2013
Singapore iFest 2013Singapore iFest 2013
Singapore iFest 2013smbcapital
 
010_TheSecrets_Of_Fibonacci.pdf
010_TheSecrets_Of_Fibonacci.pdf010_TheSecrets_Of_Fibonacci.pdf
010_TheSecrets_Of_Fibonacci.pdfBernier4
 

Similar to Wave formations and decisions (20)

B.I.G. Institutional Forex Trading System
B.I.G. Institutional Forex Trading SystemB.I.G. Institutional Forex Trading System
B.I.G. Institutional Forex Trading System
 
Lesson BTF110. Chart Patterns for Binary Trading
Lesson BTF110. Chart Patterns for Binary TradingLesson BTF110. Chart Patterns for Binary Trading
Lesson BTF110. Chart Patterns for Binary Trading
 
OFTC Lesson 1 - Introduction To Order Flow.pdf
OFTC Lesson 1 - Introduction To Order Flow.pdfOFTC Lesson 1 - Introduction To Order Flow.pdf
OFTC Lesson 1 - Introduction To Order Flow.pdf
 
Trade what you see not what you think
Trade what you see not what you thinkTrade what you see not what you think
Trade what you see not what you think
 
Presentation – I - NEW PERSPECTIVE ON TRADITIONAL TECHNICAL ANALYSIS PROBLEMS...
Presentation – I - NEW PERSPECTIVE ON TRADITIONAL TECHNICAL ANALYSIS PROBLEMS...Presentation – I - NEW PERSPECTIVE ON TRADITIONAL TECHNICAL ANALYSIS PROBLEMS...
Presentation – I - NEW PERSPECTIVE ON TRADITIONAL TECHNICAL ANALYSIS PROBLEMS...
 
The Impact of Algorithmic Trading
The Impact of Algorithmic TradingThe Impact of Algorithmic Trading
The Impact of Algorithmic Trading
 
How to Trade Like the Pros | VectorVest
How to Trade Like the Pros | VectorVestHow to Trade Like the Pros | VectorVest
How to Trade Like the Pros | VectorVest
 
Forex Introduction
Forex IntroductionForex Introduction
Forex Introduction
 
Technical Analysis
Technical AnalysisTechnical Analysis
Technical Analysis
 
Charlie presentation 2
Charlie presentation 2Charlie presentation 2
Charlie presentation 2
 
How to Lock in Profits on Every Trade - Presented by Dr. Richard M. Smith
How to Lock in Profits on Every Trade - Presented by Dr. Richard M. Smith How to Lock in Profits on Every Trade - Presented by Dr. Richard M. Smith
How to Lock in Profits on Every Trade - Presented by Dr. Richard M. Smith
 
Section 2 - Chapter 13 Part I - Confirmation Basics
Section 2 - Chapter 13 Part I -  Confirmation BasicsSection 2 - Chapter 13 Part I -  Confirmation Basics
Section 2 - Chapter 13 Part I - Confirmation Basics
 
B.I.G. Institutional Forex Trading System #2
B.I.G. Institutional Forex Trading System #2B.I.G. Institutional Forex Trading System #2
B.I.G. Institutional Forex Trading System #2
 
Lxcapital ppt 17,08,18education part
Lxcapital ppt 17,08,18education partLxcapital ppt 17,08,18education part
Lxcapital ppt 17,08,18education part
 
Technical analysis
Technical analysisTechnical analysis
Technical analysis
 
June 2 I Session 2 I GBIH
June 2 I Session 2 I GBIHJune 2 I Session 2 I GBIH
June 2 I Session 2 I GBIH
 
Lesson BTF107. Single Candlestick Patterns for Binary Trading
Lesson BTF107. Single Candlestick Patterns for Binary TradingLesson BTF107. Single Candlestick Patterns for Binary Trading
Lesson BTF107. Single Candlestick Patterns for Binary Trading
 
Rocky yaman professional technical analysis & market reading
Rocky yaman   professional technical analysis & market readingRocky yaman   professional technical analysis & market reading
Rocky yaman professional technical analysis & market reading
 
Singapore iFest 2013
Singapore iFest 2013Singapore iFest 2013
Singapore iFest 2013
 
010_TheSecrets_Of_Fibonacci.pdf
010_TheSecrets_Of_Fibonacci.pdf010_TheSecrets_Of_Fibonacci.pdf
010_TheSecrets_Of_Fibonacci.pdf
 

Recently uploaded

20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdfAdnet Communications
 
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxOAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxhiddenlevers
 
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...makika9823
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Pooja Nehwal
 
Andheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot ModelsAndheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot Modelshematsharma006
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfGale Pooley
 
Dividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxDividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxanshikagoel52
 
VIP Call Girls in Saharanpur Aarohi 8250192130 Independent Escort Service Sah...
VIP Call Girls in Saharanpur Aarohi 8250192130 Independent Escort Service Sah...VIP Call Girls in Saharanpur Aarohi 8250192130 Independent Escort Service Sah...
VIP Call Girls in Saharanpur Aarohi 8250192130 Independent Escort Service Sah...Suhani Kapoor
 
(TANVI) Call Girls Nanded City ( 7001035870 ) HI-Fi Pune Escorts Service
(TANVI) Call Girls Nanded City ( 7001035870 ) HI-Fi Pune Escorts Service(TANVI) Call Girls Nanded City ( 7001035870 ) HI-Fi Pune Escorts Service
(TANVI) Call Girls Nanded City ( 7001035870 ) HI-Fi Pune Escorts Serviceranjana rawat
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...Suhani Kapoor
 
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Pooja Nehwal
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesMarketing847413
 
Lundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfLundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfAdnet Communications
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...ranjana rawat
 
VIP High Class Call Girls Saharanpur Anushka 8250192130 Independent Escort Se...
VIP High Class Call Girls Saharanpur Anushka 8250192130 Independent Escort Se...VIP High Class Call Girls Saharanpur Anushka 8250192130 Independent Escort Se...
VIP High Class Call Girls Saharanpur Anushka 8250192130 Independent Escort Se...Suhani Kapoor
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Roomdivyansh0kumar0
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designsegoetzinger
 
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service AizawlVip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawlmakika9823
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Roomdivyansh0kumar0
 

Recently uploaded (20)

20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf
 
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxOAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
 
🔝+919953056974 🔝young Delhi Escort service Pusa Road
🔝+919953056974 🔝young Delhi Escort service Pusa Road🔝+919953056974 🔝young Delhi Escort service Pusa Road
🔝+919953056974 🔝young Delhi Escort service Pusa Road
 
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
 
Andheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot ModelsAndheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot Models
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
 
Dividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxDividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptx
 
VIP Call Girls in Saharanpur Aarohi 8250192130 Independent Escort Service Sah...
VIP Call Girls in Saharanpur Aarohi 8250192130 Independent Escort Service Sah...VIP Call Girls in Saharanpur Aarohi 8250192130 Independent Escort Service Sah...
VIP Call Girls in Saharanpur Aarohi 8250192130 Independent Escort Service Sah...
 
(TANVI) Call Girls Nanded City ( 7001035870 ) HI-Fi Pune Escorts Service
(TANVI) Call Girls Nanded City ( 7001035870 ) HI-Fi Pune Escorts Service(TANVI) Call Girls Nanded City ( 7001035870 ) HI-Fi Pune Escorts Service
(TANVI) Call Girls Nanded City ( 7001035870 ) HI-Fi Pune Escorts Service
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
 
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast Slides
 
Lundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfLundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdf
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
 
VIP High Class Call Girls Saharanpur Anushka 8250192130 Independent Escort Se...
VIP High Class Call Girls Saharanpur Anushka 8250192130 Independent Escort Se...VIP High Class Call Girls Saharanpur Anushka 8250192130 Independent Escort Se...
VIP High Class Call Girls Saharanpur Anushka 8250192130 Independent Escort Se...
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
 
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service AizawlVip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
 

Wave formations and decisions

  • 1. Company name Anne-Marie Baiynd, Professional Retail Trader President, CEO -
  • 2. Isolating, Identifying and Utilizing Simple Consistent and Repeatable Patterns To Create High Impact Trading Results Anne-Marie Baiynd, Professional Retail Trader President, CEO -
  • 3. Look for the new workbook in stores this autumn with lots of work through examples Available at – • Amazon • Books A Million • Barnes and Noble • And your favorite bookstore
  • 4. Imagine your most complicated chart here
  • 5.
  • 6. COMMON NOTIONS WE HAVE  We think we have a 50-50 shot at winning – so in essence, we think of trading as a gambling opportunity  That makes us treat short term trading like purchases of lottery tickets – and we leave almost everything to chance  ‘Chance’ running the show makes us believe we should be a little out of control – so we become accustomed to that feeling of being out of control – and that drives poor trading behavior
  • 7. COMMON HABITS WE HAVE  Our thoughts processes stop short of being complete  We want the easy way out - we look for short answers when sometime we need long ones  We generalize are generally unconscious of our cognitive biases  We overestimate our ability and underestimate our risk  We often fail to observe simple formations to capitalize upon
  • 8. IT’S ALL ABOUT THE WAVES  Every day, the market does a number of very similar things  The market retraces, extends, expands and contracts  The market comes into moving averages then extends away from them, only to return at a later date  The moves of the day are ALWAYS closely related to the moves from nearby past days  The market moves into familiar spaces of support of resistance
  • 9. PREDICTABLE MOTION  Any wave at any time is either in the process of wave retracement or wave extension  The market retraces, extends, expands and contracts  The market comes into moving averages then extends away from them, only to return at a later date  The moves of the day are ALWAYS closely related to the moves from nearby past days
  • 10. WAVE IDENTIFICATION & CREATING THE ‘STORY’ • What is this chart doing? • Where is price exploration?
  • 11. WAVE IDENTIFICATION & CREATING THE ‘STORY’ • How many waves could we identify here? • What can we do with this information? • We can measure them and use what we find to trade the rhythm
  • 12. CHOOSING THE WAVES TO TRADE • We’ll be trading these formations, so let’s consider the left side of the chart properly • This allows us to estimate what the right side of the chart will deliver • Learn to focus on what you expect and act accordingly as the chart develops
  • 13. CHOOSING THE WAVES TO TRADE • Let’s look through a series of wave choi
  • 14. CHOOSING THE WAVES TO TRADE • Note common retracement levels
  • 15. CHOOSING THE WAVES TO TRADE • Note common retracement levels
  • 16. WITH ALL THESE WAVES, WHICH DO WE CHOOSE TO TRADE? • We can choose any wave to trade - Simply choose one– • It must be complete with an identifiable high and an identifiable low • Because the market is fractal, you can trade any of them with reasonable success • The caveat is that we must have complementing technical rules to guide the trade through • Again, note the common levels of retracement
  • 17. OBSERVATIONS OF RANGE OF MOTION IS CRITICAL TO TRADING ACCURACY • 50 and 200 moving averages to help drill home earlier notes • These identified ranges show us what happens through the day after the initial ranges are created at the open • Breakouts or breakdowns of introductory ranges are often very good trading levels for trade initiation
  • 18. ALWAYS KEEP YOUR EYES ON THE COMBINATION OF TREND DEFINED BY YOUR 50SMA AND USE THAT IN CONJUNCTION WITH RANGES AND FIBS • What do we expect here and what can we trade • Important observations • We are extended from the 50 and the 200 ma’s • We are over an established opening trade region but without retest • What do we expect? What is the pattern we’ve generally identified? • What’s the trade? Where’s relative support? • I’ll short at the loss of the level identified- small channel would be broken • I’ll go long at the bounce off support that holds or the retest of the breakout • Get accustomed to asking yourself questions that will assist you in walking through the trade
  • 19. ALWAYS KEEP YOUR EYES ON THE COMBINATION OF TREND DEFINED BY YOUR 50SMA AND USE THAT IN CONJUNCTION WITH RANGES AND FIBS • Entry at the breakdown or entry at the retest of the breakout • What’s the trend here? • What do we expect with this kind of trend? • Where should my stop be for the long? What about the short? • Where is my first target? And the second ? Do you design both sides of a trade when moving averages are flat/relatively flat?
  • 20. TRADE DEVELOPMENT • Notice • The retest and collision with the 50ma • The 38.2% wave retracement that holds • The sideways action until it meets the 50ma • The 127.2% extension • The hyperextension away from the 50ma
  • 21. CHART CONTINUATION • Here’s where that chart went • Momentum will either dampen or reverse so that the chart can revisit the 50ma
  • 22. It’s Not About Trying Harder • Because of the way our mind needs to work to trade in the market –we have to think through complex structures with speed - we can’t just ‘try harder’ • It’s about • An engaged mind – combining intuition with structure • A focused attention to detail and nuances of change • A lack of a rush to judgment and proper assessment of risk • Verification of your ‘hunches’ • Guide your mind through the trade –structure and
  • 23. DISCOUNT IF YOU MENTION – TheTradingBook.com
  • 24. Ten Days Free Access To MTA Members • Live Market Analysis Chat Room • Email me for the room During Trading Hours registration code for the • Daily Chart Analysis Premarket free week and mention • Day Trading Levels • Swing Trading Levels the name ‘Shane’ for your • Futures Trading Levels access – • Live Trading Setups • Covered Calls, Straddles, • Note: This room is best Strangles, Spreads, Naked calls/puts for the serious trader who • On Demand Learning Info comes with basic but • Small Team Coaching Groups solid trading skills – • On site Regional Training beginners will find the Events room challenging to • Live Webinar Learning Events follow annemarie@thetradingbook.co m