DislikedI have been lurking on this thread for a little while now and enjoy your journal entries. I have a question for you. You have touched on this briefly before: what timeframe do you prefer to identify your wave breaks [and why] and how do you assess whether a break is confirmed?Ignored
I use the 4 hour timeframe because it suits me but I could really use any timeframe if I wanted to. Works on all timeframes and on all markets. As long as there are waves, it will work.
A break is confirmed on the close of whatever period you're using. The "confirmed" break doesn't necessarily mean you're guaranteed to be right 100% either. Nothing is 100% in trading but it does guarantee you a high probability of getting the direction right. After all, that's the hardest part in trading, knowing which direction to trade in.
Hope this helps.