In This Video: Why We Stopped Using AO The Awesome Oscillator Despite the Fact its Worth 7 Figures
This is the Story of the Humble Oscillator How an Oscillator Changed the Industry How a simple moving average crossover can become such an amazing indicator. First I’m going to Introduce the AO Then I’m going to Explain the AO and take you through the internal structure of the AO. The skeleton of it if you like, oh, like the doctors say, we’re gonna look at the Anatomy of AO. In fact that could be a great title for this video. The Anatomy of AO. Second, I’ll go into how we arrived at the AIMS Wave indicator and Lastly, we will explore the advanced version of AISM Wave, the AIMS eWave. So let's begin. Lets first Install The MT4 Standard Indicator called the AO. AO stands for Awesome Oscillator. Bill Williams introduced this indicator in their original course and called it the Awesome oscillator because according to Dr. Wiliams this is like “tomorrow’s' Wall Street journal”. (Check out the Famous Setup for this) He found that this indicator can plot a perfect elliott wave count without learning the complex way of counting the wave introduced by the founder of Elliott wave who named it after himself, humble guy indeed. So Mr. R. N Elliott thought the Market is an intricate mesh , kinda like a Lego work of waves that fall into two main categories. The market i.e the chart is made of impulse and corrective waves. And that impulse waves have 5 waves inside them but the corrective waves have 3 waves inside them. Stop stop stop. Its already getting complicated… Forget that…let's cut to the chase… You should know if you’ve read about the “The Elliott Wave Theory” that the meat of the move is in the impulse waves. And Everyone wants to HIT the WAVE 3. You know why? Because Wave 3 is the biggest portion of a strong trend. So logically everyone wants to traded wave 3. What if I were to tell you that the traders who chase wave 3’s almost always miss the move because they look for the wave within the sideways markets. A Wave 3 is kinda like a seed that is buried under soil. But that there is a bunch of seeds spread across the field and you don’t know which one will germinate first. Which one will popup tomorrow and turn into a seedling. So you start digging for seeds. Now that’s not a good idea is it? Because this could destroy the seed. So you wait. Most traders waste their time and money chasing the Wave 3 or finding the wave 3. What we have found in the last 10 years of trade is that chasing the wave 3 is going to make you lose a lot of money. Because Wave 3’s grow out of dirt, that is the sideways market, and that means trading breakouts out of “no Trend Zones”. The clusterfuck areas, you know, the charts that look like poop. So what is the solution? What we have found is that the best way to trade the wave is to let the 3 happen, wait for 4 and Trade Wave 5. Because if there is a 3 and 4 there will almost always be a Wave 5. But if you try to trade wave 3, you have to find wave 1-2 and that is the hardest thing to do, especially on the lower time frames. Why make things difficult if there is a simpler solution available right? The approach we take is trading the wave 5. There are several benefits of this. Wave 5 can be predicted with 80% success rate. The risk of taking the trade is minimal and the reward is 3-5 times over. Risk a dollar for 5 dollar return. Cool. So what about AO? Yes, the AO. Dr. Williams found that you can spot and count the waves, simply by looking at the peaks and bottoms created by THIS indicator. Check out This Video I post earlier about AIMS Wave.
In this part 2 of the video training series I am going to Share with you My Secret Method of Counting Elliott Wave within 10 Seconds. This is an answer to Eric's Question about the Wave Count. An AIMS Member wants to Clarify his confusion about the Wave Principle.
What else is in the video? 1. How to Trade the London Open DAX30 2. How to Trade the Open 3. How to Make More Money within 30 minutes of Trading 4. Learn in depth about How to Count Elliott Wave in 10 Seconds 5. Live Trade Analysis and Commentary on the Day's Trades. 6. How I made 5.5% profit within the first 2 hrs of the Trading Session?
Once you learn this technique it should take you no more than 10 seconds to count the waves.
In this video I am going to Share with you My Secret Method of Counting Elliott Wave within 10 Seconds.
An AIMS Member wants to Clarify his confusion about the Wave Principle.
What else is in the video?
1. How to Trade the London Open DAX30
2. How to Trade the Open
3. How to Make More Money within 30 minutes of Trading
4. Learn in depth about How to Count Elliott Wave in 10 Seconds
5. Live Trade Analysis and Commentary on the Day's Trades.
6. How I made 5.5% profit within the first 2 hrs of the Trading Session?
Once you learn this technique it should take you no more than 10 seconds to count the waves.
In the following video that I just posted to YouTube I have talked about a current LIVE TRADE I took on the #USDCHF (The Swissy) on the Hourly Chart. I have used multiple time frame analysis to get this right
You will Learn about
1. Principle C
2. How to Count Elliott Waves Quick
3. How to Use Multiple Time Frame Analysis to Increase your Chances of Successful Winning Trades.
The Following is Part 2 of the Video I took a Few Hrs Later.
