Thanks again for the advice Understanding and counting corrections correctly is a must for good entries.
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DislikedImpulses are easy, and it is where we make money. But your 'set up' waves are 2, 4, and B, so you have to know all the nuances of their patterns, to enter. The classic trade is after a small 5 wave impulse, then set up is - count 3 wave correction in same degree, then enter after wave C is complete. Lowest risk, highest reward trade.
Corrections, especially large degree 4th waves like EUR/USD was in this spring, require several alternate counts until you can rule them out. It helps to study the currency you trade, and make screen shots of real formations in the time frame you trade, so you can print and post it nearby. Start with text book examples, but move into a dozen real samples of flats, triangles, and zig-zags that you can reference in real time as they happen.
Short course, if it is not an impulse by the rules, then it is a corrective pattern.Ignored