Question and Answer

Q:   You talked about 5-7 candle and reverse. Can you explain that?
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For example, when we having an uptrend, after seeing 5 to 7 green candles you most likely will see a small pullback - red candle. It is simple strategy based on statistics not to get run over by running train.
Note on the picture added that there is no more then 5 green candles in a row on an uptrend.
Q:   Can you explain how is your green zone label working? Do you pay a lot of attention to it, or mostly just look at the AO and AD? I see that label changes color but keep saying 'green zone', does it relates to Bill W. Green/grey/red zones depending on the AO/AD? Thanks, Diego
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Hi Diego! I do not pay a lot of attention to Green Zone. It is part of Alligator strategy of Bill\'s. Awesome Oscillator and AD Oscillator are super important.
Q:   Hello Paul, when you put Fibonacci retracement I notice you move them from one wave to another wave can you please explain that also sometimes you got more than one Fibonacci on the same chart also tell us about that why different colors, if you don't mind, do it on all waves going up and down so some of us can understand it will be nice to share it on the Saturday morning meeting thank you.
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Fibonacci Extensions I use for prediction/calculation where the wave will go. For example: if I assume that market just completed wave 1, I can use Fibonacci Extensions tool to see where 161.8% target is. This will be my target goal. Fibonacci Retracements, I after the wave got completed and I am looking into correction waves. This tool helps us predict the targets on corrective waves. For example when wave 1 is completed I will be looking for 61.8% retracement.
Q:   I've heard the phrase 3-minute rule or 3 candle rule after a trend move. Could you explain this with regards to how to play if you are currently in the trade? What are you looking for/at?
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From observing the screens for so many months I noticed that after some move there is a break and it takes about 3 minutes until the market makes a decision which way to go next. During the 3 minute period we will see small doji candles going sideway.
Q:   Whats one of your favourite quick cream (scalp) strats?
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Creaming on the Hook which is wave 4 inside wave 3.
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