Above is a chart with the SRT zones plotted. There are more details about the workings of the TW SRT in the manual found under the documents tab, but in short the line represents either bullish support or bearish support zones. For purposes here disregard the terms “support and resistance” for in fact every zone is either. In this case we will only use the term support and price will either respect the support zone or break it. In the illustration above we see price breaking through bear support zones after a short hesitation. Once price broke it moved rapidly up until it hit another bearish support zone where it respected that zone and price action changed again to bearish and continued bearish with subsequent bearish zones. being plotted confirming the move.
However once price hit that first bar of a bullish zone the bearish progress was stopped until it again found a bearish support zone that it respected returning it to a bearish move after breaking through the previous bullish zone for a continuation signal. This continued until it again found the bar that formed a bullish support zone whereas price turned bullish off of that zone
Understanding how to read the zones and what they mean are explained in the manual. It also explains the use of fractals and understanding when and where the zones were created. If you are using longer time frame charts you can look back months and find that price will continue to recognize those previous zones sometimes even drawing new ones. Even though those comparisons are not easily seen on the shorter charts they still apply and are just as valid. The zones are created by using custom algorithms that were determined through years of trading and testing. Everything is based on price action and how price action flows..
Only after using the TW SRT can you come to fully appreciated the magnificence of the signals.. In the end, you only have to be patient, trust the signals, control your risk and effectively manage your trades. Once you begin to do that you will find that consistent success that has been eluding you in the past. Refer to the documents section for the Tested Wisdom Trading Manual
Want to buy now? This links to the products page.
- e Contact Us At: Tested Wisdom Help