WHAT TRADERS LEARN !
PROGRAM
The SuperFive trading set-ups
1. Trend corrections
Corrections are a classic set-up. The trader waits for the second and third corrections in a new trend. It is important to trade only the ‘best’ corrections. This is where WL Triads are often used. There are also 4 different corrections provided.(see video).
2. Trend reversals
Trends do not last forever. Sooner or later the trend stops (and the market moves sideways) or reverses. To identify a reversal, the set-up uses a 1-2-3 reversal pattern.
3. Momentum
Strong price movements are unpredictable. A classic candlestick chart simply shows a big candle. There is no information available to the trader whether it is still opportune to enter or if it is already too late. The momentum set-up in the SuperFive system indicates hesitations (WL Triads formed by WL Range Bars) during a strong price move, which means traders can still ‘jump on the train’. Initial price moves are best, and it is good to limit the number of signals with the maximum signal setting (see video).
4. Support and resistance tests
Buyers and sellers often enter at certain price levels that have occurred several times in the past. These are usually price levels at which significant volume was traded and at which the market price found support or resistance.
The SuperFive system allows traders to indicate a support and resistance level. The system will detect if on two occasions the support or resistance has been broken. A signal will occur on the third occasion.
5. Break-outs
Break-outs often occur at important levels (round numbers, reversal points, highest or lowest price of the previous day…). Buyers and sellers enter the market at these price levels.
The SuperFive system allows traders to set such significant levels. The system detects when the market price moves out of range. A signal occurs when the first WL Triad appears in the WL Momentum Cloud.
Already programmed for NinjaTrader , MT4, MT5, ProRealTime, TradingView and NanoTrader.