Ok here is my homework hope you have time MR.Pip to tell me if it is right or whrong. 2 fails marked with red arrow out of 8 so 75 percent right.
Best regards
Best regards
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DislikedOk here is my homework hope you have time MR.Pip to tell me if it is right or whrong. 2 fails marked with red arrow out of 8 so 75 percent right. Best regards {image}Ignored
DislikedCan we say in general that a correction should at the maximum be an AB = CD and if the next wave doesn't break the NSH or NSL , that we can expect at that moment a complex correction. ??Ignored
Disliked{quote} Here's my take on it. Let's say you identify a main swing and expect a correction and a potential trade setup. Now if price action let you enter the trade your expectation should be for a continuation of the main swing. This is a normal structure based trade. Now if price starts to wander around within your main swing (complex correction) your expectation still stands but it's weaker. Whether you decide to exit that trade early and wait for another opportunity or let it roll out is up to you and your trading rules. I think Mr. Pip's further...Ignored
DislikedWhat i see is that - and my guess is - today we will not see NSH. It will fail. Is it correct? {image}Ignored
DislikedWhat i see is that - and my guess is - today we will not see NSH. It will fail. Is it correct? {image}Ignored
DislikedI can't find any trade setup for EURUSD and Dow at the moment. But I want to practice trading with structure analysis, so I found a setup on GBPUSD. Sorry in advance for posting GBPUSD chart. Wish to hear some comments thou. A NSL done, follow by the retest, so RR is quite good. {image}Ignored
Disliked{quote} I posted this earlier today. Look at my post from this morning. You made a couple of mistakes.Ignored
Disliked{quote} Damian is referring to this post: http://www.forexfactory.com/showthread.php?p=8732436#post8732436Ignored