Thanks a million for the chart Dean. It supports my view as well.No position yet. Will wait for tomorrow as it's Wednesday, Carry trades usually are bullish due to triple interest rates, so i'll wait.
Regards
Regards
STING
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QuoteDislikedSnowrider, Thank you for your response. May be I did not pick a good example. Say, today is the bottom of the previous (down) wave (before the establishment of wave 1 and 2), then how is one going to ascertain whether this is a 3-wave correction or a 5-wave progressive wave? Or, do you trade wave 1, 2 at all? Or, you will trade through all the 5 waves (in one hit), riding through the wave 2/4 corrections, a swing trade, or do you get out of wave 1, then position for wave 2, and then wave 3 ...... 4, and then 5.
QuoteDislikedSnowrider, As you know, I have only started to read your posts recently, and am glad to learn that you do not use indicators. I am in a love-hate situation with indicators. I would like to get rid of them completely, however, they nevertheless give me some indication, even though, at times, they do not work at all, but which I have prepared for. Would you be happy to tell me your view point of indicators, and why you dislike them? And how would you be able to notice divergence(s)?
DislikedHi SR,
[your abbrev itself is support resistance :-)]
Thanks for the charts. I have one more request. Is it possible for you to give a count on dollar index chart (daily time frame) whenever time permits? thanks.
on eur/usd, i feel your alt count down to 1.2000 seems more possible. (just my view)Ignored