My view about UsdChf.
Quite different counts from yours..
U have been stoped begin ur post with words "false setup"
DislikedNice one Blue i see big progress
U have been stoped begin ur post with words "false setup"Ignored
Just started wave analysing.
What is the most prefered timeframe to use by everyone here?
The daily seems to long, but the wave indication is clear.
DislikedCould somebody recommend a good approach to learning EW? It seems to make much more sense to me when I don't think of it in terms on the waves themselves, but rather the stages of crowd psychology that represent the waves' movements. Is there a "correct" count? Or simply many interpretations.
Any comments, experiences would be appreciated.Ignored
DislikedHi!, you are correct, EW do represent crowd psychology, the waves from 1920 are still the same as in 2008 , anyway since EW represent crowd behavior there are times when the market is unbalanced, there for there are times when its hard to read the waves correctly, us (EW traders) have rules & guidelines and our eyes ofcourse which make EW trading much more easy, study the the rules and guidelines and then go to your charts and start study the waves, it will pay off!.
I find EW to be a key tool to market behavior, answer to every chart pattern inc other patterns like H&S, double B\T, Megaphones and many more, you will know 2 steps before the market what will happen, how it will happen and more..., i love to combine more tools like candlestick (which i love), trend lines, S/R, Divergence, Fibo and more... to confirm the moves and timing my intros & exits and more...but in the end of the day its up to you if you'll win , i hope you know the 90%-10% rule, this rule is with us all the time, not only in forex...
Hope it helps!
@Blue bottle, great work your doing here!
BTW, USDJPY looks interesting those days keep an open eye.
My EurUsd chart.
Wave C is equal to length of wave A, so 1.4010 might the end of
wave B (big wave/red color).
Both Cable and UsdChf pair too confirmed this wave B end.Ignored