Manouche wrote:
Hello Mark,
All WRB Advance chapter 4-12 concern Key Market Event?
I prefer to use WRB without KME.
Hi,
As stated in the WRB Analysis free study guide (tutorial chapter 2)...there's only one tutorial chapter involving KME...that's tutorial chapter 2.
All other tutorial chapters (1, 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12) do not involve KME. Simply, tutorial chapter 2 is for traders that understand that most of the time the markets are influence greatly by key market events and not by technical analysis alone. In contrast, traders that put more value on technical analysis as the cause of price action movement have access to tutorial chapters 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12.
My point, the tutorial chapters are for different types of traders. Some traders will put more value on a few tutorial chapters and less value on other tutorial chapters. In fact, after a trader learns all the tutorial chapters...they will either develop their favorite tutorial chapter (WRB Zones) to use with their trade signal strategy while they ignore the other WRB Zones from other tutorial chapters.
Yet, the few that truly master the tutorial chapters...market conditions will reveal with WRB Zone to use and it can signal a change in trading conditions to give you an early heads up that its time to adapt your trade signal strategy to better control the increasing risks with your trade signal strategy.
For example, pretend your trade signal you're using is something called XYZ and it performs better with WRB Zones from the Advance Tutorial Chapters 6 & 7 for two years. Then in the 3rd year you notice you're seeing less WRB Zones from tutorial chapters 6 & 7 and more WRB Zones from tutorial chapters 4 & 5...
That's a market that has changed and it requires you to make changes in your trade signal strategy to be able to better exploit those WRB Zones from tutorial chaptes 4 & 5 that are appearing more...resulting in maintaining consistency in your trading and reducing drawdown periods.
Regards,
M.A. Perry