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  1. #1
    Diamond Member Array William's Avatar
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    [Translation] Dar Wong's POWER WAVE

    This is an English translation of thread:
    Dar Wong's POWER WAVE yg sensasional & Fenomenal !
    [url="http://indo-investasi.com/viewtopic.php?f=6&t=526"]viewtopic.php?f=6&t=526[/url]

    As you can see, it's a very long thread with long posts. I will skip the chit-chat there and try to bring you the most important parts. Also, because it has TOO many and TOO long posts, could some people help me here to translate the post for our english speaking friends

    Some of those english speaking people are bringing us free ebooks and stuffs. So please help.

    Also, I'm not the one who really understand this system. Gyverd (a moderator) is the one who has the most knowledge in this. So, further questions are more appropriate to be directed to him

    ok, lets start...

    This technique is created by a Singaporean, Dr Wong from his trading research for 12 years in Bank of America (singapore) and it has recently been trademarked. The uniqueness of this trading system is that it can also be applied to other markets such as bonds, commodities, stocks, etc.

    This technique is like an upgraded version of elliot wave, Harmonic trading, Michael Gur & Goodman Swing Trading, and also Dow Theory.

    The labelings are: X (big X),A,B,C1,C2,J,K,L1,L2,L3.1,L3.2. At certain cases especially on daily timeframe or above, we could have additional expansion waves: x (small x),Y,Z before we found a meaningful change in trend.

    From what I learn, it seems this trading system only needs:
    1. SMA 4,9,20 by Closed for Daily chart. Just for a confirmation whether the current trend is still exist or not.
    2. Stochastic Oscilator (5,5,5) on M30 chart. Used for divergence or exit.
    3. Fibonachi Retracehement:
    3.a. 33,33%
    3.b. 50%
    3.c. 66.66%
    3.d. 80%
    Where the most significant ones are 66% & 80% for entry position.

    <there is an image, please refer to the original post.>

    There are some rules:
    - Rule #1: If we draw a fibo retracement from X to A, then A to B should be at least 50% for "B" to be considered a valid point "B". That is for TF: monthly, weekly, & daily. Special case for M30 timeframe. The "B" could be only at least 33% although 50% would be better. However, A to B must not more than X to A, because X is the place where we put our stop loss. For a down trend, X and B are above, and point A is below and point X should be above point B. Vice versa for an up trend.

    - Rule #2: There are 3 places where we can enter the market:
    --> if price breaks point A (such as according to Dow Theory)
    --> if price is around 66% retracement
    --> if price is around 80% retracement (rare)

    <There's another image in the original post. Please see.>

    - Rule #3: Stop loss is several pips above point X for a down trend or several pips below point X for an up trend. If point X is breached, then there is a violation, the whole labeling for current time frame is incorrect and needs to be remade.

    - Rule #4: Take profit: 2 times of point X to A counted from point B. Or, for those who enter the position using M30, close the trade manually after 2-4 days, but the TP is not reached yet. For Daily timeframe, close manually if 9-13 days.

    - Rule #5: Point X is the core and the genesis of Power Wave labeling. Once point X is violated (stop loss is hit) all labeling for the time frame that the X is violated should be erased and remade. However, although it retraced very wildly, while point X is not breached, than the labeling still continues.

    - Rule #6: Point X, A, B, C1, C2, ... etc on monthly timeframe are candidates for point X in lower timeframe (weekly). All labeling: X, A, B, C1, C2, ... etc on weekly timeframe are candidates for point X on daily timeframe. All labeling: X, A, B, C1, C2, ... etc on daily timeframe are candidates for point X on M30 timeframe. And M30 timeframe is the place where we enter the market.

    - Rule #7: Labeling, should be started from the biggest time frame to the smallest timeframe (drill down / up to bottom): monthly, weekly, daily, then M30.

    - Rule #8: If there is a doubt in labeling or the wave is not perfectly made, then don't push yourself to enter the market.

    Case study EUR/usd:

    <image on original posts.>
    Labeling Charts Monthly EUR/USD, it is clear that EUR/usd is in the downtrend making L.3.2.

    <image on original posts.>
    Labeling Charts Weekly EUR/USD
    Pay attention that ML.2 & ML.3.1 are now become Point W:X (the start of labeling for this timeframe.) From this weekly chart we understand that EUR/usd is in the down trend from point W:X to W:A after that it will go up making point W:B for a retracement.

    <image on original posts.>
    It is clear that point ML.3.1 & W:X becomes Point X on daily chart. All labels on this daily chart are candidates for point X on M30 chart.

    <image on original posts.>
    Pay attention that DC2 becomes Point X on M30 chart, and continues the labeling. This power wave technique will be very powerful for those who use Dow Theory.

    <image on original posts.>
    This is the newest position after NFP last friday. Pay attention that D:J on daily chart becomes point X on M30 chart, then forming A then B. Let's see if eur/usd succeeded in going to 1.4550 (2 times of X to A), or if after 4 days, the long position will be closed manually. Or the stop loss at point X is hit.

    --- End of post 1 ---

    Regards,

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    Re: [Translation] Dar Wong's POWER WAVE

    We never thought south east asian country can produce a person of western capability.

  3. #3
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    Re: [Translation] Dar Wong's POWER WAVE

    Quote Originally Posted by emeriocorp
    We never thought south east asian country can produce a person of western capability.
    what´s this .... ?

    is this your ideology, are you some kind of racist or are you just plain ******?

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    Re: [Translation] Dar Wong's POWER WAVE

    It's a good system, just wait a few months and someone will develop some kind of EA or an indicator based on this and will sell it for several hunder dollars.

  5. #5
    Moderator Array cubicrey's Avatar
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    Re: [Translation] Dar Wong's POWER WAVE

    Hi All,

    for more details, kindly visit this thread and download the ebook.

    [url="http://www.indo-investasi.com/viewtopic.php?f=10&t=2647"]viewtopic.php?f=10&t=2647[/url]

    Thank you Kelvinhand for the sharing.

    cheers,

    rey
    All that is necessary for evil to triumph is for good men/women to do nothing. Sharing is caring

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    Re: [Translation] Dar Wong's POWER WAVE

    Quote Originally Posted by emeriocorp
    We never thought south east asian country can produce a person of western capability.

    While Western people are still using so call science and maths to "solve " or "decompile" the Code" set by God, by using so called "Quants" trading, Chinese Already using "I_Ching" the essence of nature to predict everything even in trading!! , The Funny part is "I_ching" 64 code " is matched with so called "western" 64 DNA code found only on last century!!!!

    This is what Gann study Indian's "wisdom" to use on his trading, we all should know what Mr. Gann say " TIME IS The Key" to control everything!!! When Time and Price Matched!!! That is the beginning of new trend!!!!!!!!!!!!!! So who set the "Time" God!! Why the crisis now in the world, human mistake!!! no, time !!!!!!!!! When time come, everything change!!! Human can't avoid!!! All Big Hedge Fund Manager, they them self are seeing chart or Astrology!!! :

    What the western try to do is to "decompile" what the god has create and what happen? they make the world in chaos!! Bomb here and there!!! Nevertheless, the western now is learning the eastern "wisdom" from East e.g. from China, and Indian. Both East and west must matched!


    Western never know the wisdom of eastern that "Human " is part of "Nature"!!!! Like what it mentioned in Buddhist!! Only last century the western are trying to use so called "Quantum physic" interpret it!!!!!!!!!!!

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    Re: [Translation] Dar Wong's POWER WAVE

    Anybody know or have Dar Wong's CSI Indicators, what the logic of this indicators ?

    Thanks in Advance.

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    Re: [Translation] Dar Wong's POWER WAVE

    Quote Originally Posted by emeriocorp
    We never thought south east asian country can produce a person of western capability.
    These types of statements are not welcome here.

  9. #9
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    Re: [Translation] Dar Wong's POWER WAVE

    Quote Originally Posted by sam_konna
    Anybody know or have Dar Wong's CSI Indicators, what the logic of this indicators ?

    Thanks in Advance.
    He very proud of his wave theory, so far never hear he had CSI indicator before. A person with confident with price action, dont look too much on indicators at all.

    Are you mix-up with Collin Seow Indicator (C.S.I.) from his forum.

  10. #10
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    Dar Wong's POWER WAVE

    Hello all,,very nice indi-By SEFC

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