ya IF thats going to be the correct price action......we will know for sure when 5 starts......then we'll just lay in the grass waiting for the right time to sell for what should be a pretty big impulsive correction.......
when we go complex.....I lose all intrest in chasing that rabbit.....so I'm not watching this p because any trade becomes "iffy" I trade the sure fire set ups waves that are totally readable.......so when the waves get to complex don't be afraid to leave a p to go find a p that is doing an impulse getting ready to correct.... .....as far as the pound I htly have no idea of a medium term count but my bet is on a short term chart you wil find todays move is a wave 3. .......until we get that scenario I will not be trading this move..It doesn't bother me in the least to miss moves that are not reading clear....theres another train comming into the station all the time to trade the set ups that are not clear.....Hope that helps some......
gol. u r absolutely right !!
i do the same when i dont have a clear pic. i'm "sitting on the fence".
the situation is to risky to be in .
the odds are against you.
You keep saying "when 5 starts" ....
I assume you're not talking about the current corrective moves (1.96 - now) but on a bigger scale. Can you give out some hints?
I am having a hard time mapping out the counts on daily/weekly .. anyone care to shed some lights? thanks!!
sorry I'm not clear.....if the price action follows your 2nd chart showing the rising wedge........by the time the 5th wave starts inside that wedge we will know the wedge is valid.....at that time I won't try to trade the 5th wave inside the pattern I will try to find the top /or trade the breakout of the wedge for a ABC correction down
You keep saying "when 5 starts" ....
I assume you're not talking about the current corrective moves (1.96 - now) but on a bigger scale. Can you give out some hints?
I am having a hard time mapping out the counts on daily/weekly .. anyone care to shed some lights? thanks!!
Last week that real bad NFP dragged DOW down carry unwinded a bit causing u/j g/j to dive south which will continue on Monday for sure. Do you guys think this would would also drag down g/u again like that sharp drop 2.04 to 1.96 level?
It could but I'm not going to play that guessing game......right now for me The Yen is playing ball I'm riding that horse all the way to the barn. I got that break out trade I posted last thursday....near 200 pips up will add on at the right time/times......play the impulsive currenciesyou're % of wins will be much higher larger.
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