28 September 2020
Raghee Horner Wave Trading System
Raghee Horner sharing a trading system called “Wave” way back to 1997.28
The basics of her system are as followed. Besides that for a daily time frame use twelve months data.
1) 34 period exponential moving average on the high.
2) 34 period exponential moving average on the close.
3) 34 period exponential moving average on the low.
The key part of the system is to find “clock angle” of the 34EMA Wave, This is used to determine the market trend.
In addition, Wave system is use with other technical analysis information.
1) high and low
2) the dominant trends that occurred
3) gaps (if applicable)
4) last major moves (larger trends) for Fibonacci Retracement
5) trendlines, support, and resistance
