Courses › BLT | Bank Level Trading
Boomerang 123 EW4 Trade Management
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What this lesson covers
This lesson covers the Elliott wave four entry, which uses exactly the same criteria as the boomerang one two three with a single difference: the entry is taken at the fourth wave rather than the fifth. Every other rule applies unchanged, with a small number of items removed from the checklist. Because the criteria carry across, the lesson is deliberately brief and refers back to the previous video for the detail. Trade management is covered for the fourth wave version, since entering earlier changes both the risk and the way the position develops. It is worth working through both entries on the same charts to see how differently the two behave on identical structure.