When and which target should I take profit through unfold every wave degree of KPS Part I

http://klseelwavetrading.blogspot.com/2014/08/three-reason-why-i-invest-on-kps.html

As a successful  speculator, trader or investor in financial market, one of the key success factor is able to identify trend either is impulse or correction, base on your study and need to draft a trading plan than trade your plan according it... remember market is always correct and you got to admit it if the trend is again you. cut the lost if hit the Stop point ... Take your Profit when market show a early signal if the it still not hit you plan TP area.
Pls refer to the chart below is the KPS which bought some lots average at RM 1.54 and now moving to my flavor direction, the next question I had in my mind is
1. Need to have plan to protect my profit.
2. How to optimized my profit.

Step 1
Identify main trend, looking the chart below, the pattern has been defined as a TREND pattern in which wave 4 is allowed maximum retrace 62%, without overlapping wave 1.

wave 1 is unknown pattern, but we can see it have 3 wave up trend and I could just name it impulse wave1
wave 2 is Zig Zag
wave 3 is impulse wave
wave 4 is double Zig zag or we name it as a W,X,Y

Step 2
Unfold all the wave in too smaller degree, sometime you may not able to identify certain wave, and that is normal. let take look closer to the chart

Wave 1

Can you see a 3 wave degree up ? which I don't label it and it a test for you to see.. :-)









Wave 2

ABC, Zig Zag, you can see the wave C is Extension 3













Wave 3 

The most excited wave, if you manage to ride it and you can make handsome money.
We can see it is extension wave, 2 impulse wave in the wave 3 uptrend, sometime have 3 impulse wave.







Wave 4

which is double ZZ or WXY and we can see that is many small correction wave and impulse wave ...
W is Zig Zag Flat
X is  Zig Zag
Y is  Zig Zag
 











Step 3
Wave 5 is under development and most excited wave which is involve TP, secure profit and Maximize it.. I will more time to analyzed it... too be continue in part II

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