Yes I am already starting to get it, and now I can recognise that all good traders subconciously see those waves, I see them make decisions that most of the time agree with the waves, for example when a profesional trader says, for example.. " ok this down move is over " and when you check your wave analysis you see that the wave collapsed sending the market into other direction.
I think these wave analysis is very important and very helpfull. It's just that it needs alot of extra addons like money management, positon sizing and so on for it to be a trading method.
As you said, every trader trades differently and its up to them to choose those extras that they feel comfortable with.
I think these wave analysis is very important and very helpfull. It's just that it needs alot of extra addons like money management, positon sizing and so on for it to be a trading method.
As you said, every trader trades differently and its up to them to choose those extras that they feel comfortable with.