[fxsurfer]

Hi xtsunami, psperos and mahras.
Great to see you guys!

Psperos, thanks for the input, all comments are welcome. As we know there are always alternative counts in EW theory. What I am going to try to do here is give a very simple method of counting the waves, leaving out the complex patterns (eg WXY waves etc).

One rule I break doing this is that wave 4 does not overlap wave 1 and in many cases on euro I have found this to occur using this simple method of counting.

I think I will be re-labelling my counts from time to time which in terms of trading may mean taking a hit on a stop, which I am happy to do if the price action proves the wave count wrong. I am going to be looking for the large waves to trade (waves 1,3, III, 5 and V). In my daily trading routine, I try to scalp intra-day looking for minute iii and v off 15 minute charts, they are normally good for 15-20 pips but that wont be discussed here at this stage, maybe later in the thread.

Please post your charts as I would be very interested in seeing how others are counting and what they expect the next wave to be. If anyone has any time studies (Gann/Fib etc) they use successfully, I would appreciate your
input into this thread.

Thanks again, til next time!
Fxs