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Price Triggers [Sunday Afternoon, November 17, 2019]

November 17, 2019 1:40 PM

Click below to Download Price Trigger Reports uploaded Price Triggers [Sunday Afternoon, November 17, 2019].

SPECIAL SHEETS

CLICK HERE to download the Australian Equities Sheet.
CLICK HERE to download the Toronto Equities Sheet.

PulsePick Update [November 17, 2019, 1:40 PM EST]

November 17, 2019 1:40 PM

Click on the PulsePick icon to see what Dex is currently following.

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This video first appears in our "Fast Track Video Series". Watch the entire series HERE.
This video first appears in our "Fast Track Video Series". Watch the entire series HERE.

The POP Method:

Find your PulseOut Price and Update Your Stops to Lock In Profit!

What is the POP Method?

It’s a simple method developed by Dex for updating stop losses on active trades. Your P.O.P. is the price you use to update Stop Loss orders to help you lock in profits.

By default, when you trade using the PWPT (PulseWave Price Triggers) you include the stop loss from the trade sheet in your initial stop order. (The exception is in the case of crypto trades where you need to enter the stop loss manually after a trade is active.)

When an active trade is in profit, you want to update your stop loss order with a new price that puts the stop in profit.

How do you do this?

1) Review your POP (PulseOut Price) options. 2) Choose which POP you want to use (tighter or looser). 3) Update your stop loss order.

You do this as often as the PulseOut Price shifts when new candles open on the 1hr or 4hr charts.

INDICATORS:

Here are the indicators you need to have on your charts in order to use The POP Method. (See the video “Fast Track, Part 3” for how to set up your charts)

1. Parabolic SAR

Add it to your charts and leave the settings as is. Change size and color so you can see it clearly.

2. Moving Average Exponential

In the settings, change the “Length” to 5 and the “Source” to hl2.

8 Options for choosing your P.O.P.

There are 8 options you can use to choose your stop on a continuum from “stay in trade” to “lock in profit”.

The tighter or closer your P.O.P. is to your current price, the more likely it is to close the trade and lock in profits or limit losses.

The looser or further your P.O.P. is to your current price, the more likely you are to stay in the trade.

  1. SAR on 4 hr 1 bar back
  2. SAR on 4 hr current bar
  3. SAR on 1 hr 1 bar back
  4. SAR on 1 hr current bar
  5. 5ema on 4 hr 1 bar back
  6. 5ema on 4 hr current bar
  7. 5ema on 1 hr 1 bar back
  8. 5ema on 1 hr current bar

Notes & Tips:

1. Update your stop as often as the PulseOut Price shifts when new candles open on the 1hr or 4 hr charts.

2. We always move stops CLOSER to the current price. Never further away.

That is, we always update our stops to lock in more profits, never less.

  • ☝️ When LONG: You will always move your stop up, closer to the current price.
  • 👇 When SHORT: You will always move your stop down, closer to the current price.

============

3. Tight options vs. Loose options

  • Stops based on SAR tend to be looser than stops using the Moving Average Exponential.
  • Stops based on the 4 hour tend to be looser than 1hr.
This video first appears in our "Fast Track Video Series". Watch the entire series HERE.

How To Choose Trades & Read the Price Trigger Sheets

4 Ways To Choose Your Trades:

  1. Use the Indicators to find Potential Opportunities
  2. Trade your Favorite Markets using the Buy Trigger and Sell Trigger prices (Dex’s Method!)
  3. A Mix of both ☝️
  4. Follow Dex’s Pulse Picks!

Price Triggers*

  • Buy Trigger / Short Stoploss: The price you use enter your stop order at if you plan to buy long. (Also the price you use as your initial stoploss if you plan to go sell short).

  • Sell Trigger / Long Stoploss: The price you use enter your stop order at if you plan to sell short. (Also the price you use as your initial stoploss if you plan to go buy long).

*Formerly called the “Long Entry Buy Stop” and “Stoploss”.

Signals: Rally or Crash?

GREEN Column: RALLY ALERT - BUY Signal

  • 1 - Rally Alert (BUY Signal)
  • 0 - No Rally Alert (No BUY Signal)

RED Column: CRASH ALERT - Sell Signal

  • –1 - Crash Alert (Sell Signal)
  • 0 - No Crash Alert (No Sell Signal)

Trend Momentum: What kind of market are you dealing with?

Bullish, Bearish, Trading Sideways

BLUE Column: TREND MOMENTUM

  • 0 Market is flat. No clear direction.
  • 1 Bull trend that has temporarily lost its momentum (Weak Trend)
  • 11 Bull trend with bullish momentum behind it (Strong Trend)
  • 88 & –88 Trading sideways inside the Kumo Cloud of death (Be cautious and take profit same day when possible.)
  • –2 Bearish trend that has temporarily lost its momentum (Weak Trend)
  • –22 Bear trend with bearish momentum behind it (Strong Trend)

Additional Momentum Indicators:

  • 10 Bullish Correction. The bull market is in a full blown correction, meaning that prices are expected to decline further.
  • –20 Bearish Correction. The bear market is in a full blown correction, meaning that prices are expected to rise further.

Some examples using all three indicators:

  • 1 0 11: Strong buy signal
  • 1 0 1: Moderate buy signal
  • 1 0 –22: Bear Market w/ rally signal. Market may be bottoming out and could start to take off.
  • 1 0 –20: Bear Market w/ bearish correction. Price likely to rise despite bear market.
  • 0 –1 –2: Moderate sell signal
  • 0 –1 –22: Strong sell signal
  • 0 –1 11: Sell signal (bearish) with a bullish trend (be cautious)
  • 1 –1 11 / 1 –1 1 / 1 –1 –22 / 1 –1 88: Narrow Range breakout (Market will move, but the direction is unclear)

Remember:

  1. The less obvious (or more mixed) a signal is, the more cautious you want to be be about it.
  2. Price is the most important indicator of all! You can place buy or sell orders using the price triggers themselves (the Buy Trigger and Sell Trigger prices) regardless of what the indicators say.

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