Hi Harry (pularis),
Thanks for the questions and chart.
Quote:
1. It seems like WRB should be used as a decision support tool in conjuction with an existing trade management methodology. Can WRB help in identifying the mode the market will stay in for the rest of the day ( trending or ranging) so appropriate setups can be taken
Yes, it can be used as such.
Quote:
2. Are the WRB zones primarilty meant to be used for reversal type trades or can they be used to help in taking with trend entries
No and most clients that use WRB Analysis Tutorials are using it with their trend continuation trade strategies. I really don't know why the tutorials are attracking traders that want to improve their trend strategies in comparison to traders that want to improve their trend reversal strategies. As for myself and others, it's used for both (price reversals and price continuations).
With that said, I've now included you on the access list for the 30 day free trial and the link below is now valid for you to access the WRB Analysis Tutorial Chapters 1, 2 and 3 version 2.0 study guide that represent the basic tutorial chapters. You'll have access for 30 days in which I will provide support to your questions while you merge WRB Analysis into whatever trade signal strategies you're using to help improve the performance of your trade strategies.
To determine the merits of the WRB Analysis Tutorials...you simply compare the results of your trade signals within the WRB S/R Zones versus the results of your trade signals that didn't occur within WRB S/R Zones.
Note: Please read the WRB Analysis Tutorial chapters 1, 2 and 3 study guide at the below link prior to asking any more questions about WRB Analysis. http://www.thestrategylab.com/tsl/forum/viewforum.php?f=61In contrast, the advance tutorial chapters are 4 - 12 are price at $75 per chapter and you qualify for the special discount offers at the below link.
http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=5&t=165 Attachment:
pularis_ESZ9_5min.png [ 390.76 KiB | Viewed 365 times ]
Best Regards,
M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis)
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