ICWR phenomenon

[nicolebobbin]

Regardless of how strong a long-term market trend is, the market never moves only in the direction of the long-term trend – there are always minor movements against the long- term market trend. These deviations usually don’t last very long and after them the market moves again in the direction of the long-term trend.

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[nicolebobbin]

The major market movements in the direction of the long-term market trend are called impulsive waves and the minor market movements against the long-term market trend are called corrective waves.

[dazrul]

hi nicole...

are u a fan of icwr phenomenon? My opinion the system is considered good system because it incorporated fibonacci and wave. But from my observation, it was left abandon in certain thread. No further development of the system.

[nicolebobbin]

Although it is simple but it is very effectively, take a look at daily GU and you will see. GU up alot , I applied it successfully !

[dazrul]

I am agree with you. I used to use the system when i first starting my trade last year. It gave me many correct entries esp for EJ. Some people say it has a good exit as well. However my first of trading tends to sweep away all my profit as the market had reversed. However, I still believe that the system is a profitable system. But it takes sometimes for someone to digest it very well. Many thanks for summarizing the trading system again. I have the EA and used it last year; however when i tried it again a couple of weeks ago; it seem not working anymore. It could be due to new mt4. Here is the EA: