40 pips swing

When the wave you are looking at makes a new high (and it’s
between 20 to 40 pips from the last significant low) then this is what
you do. First you add the price of the high to the price of the low, then you
divide the number by 2. If you have an odd number of pips then
round your divided number up to a full pip (i.e. 1.2033(high) +
1.2000(low) = 2.4033 then divide by 2 = 1.20165= rounded up to
1.2017). What you have just done is you've figured out where 50%
of the swing is. Now what you do is you place an Entry Order to go long if the price
drops down to your 50% level. For your stop you use the last significant low this means that your risk is only 50% of the size of the
wave. So if your wave is 20 pips then your risk is only 10 pips.What you do is you figure out how many
pips your wave is then you add it to your entry price. That’s it. So
if your wave is 20 pips then you've got a 20 pip profit to 10 pip
stop.