immy wrote:francisrama wrote:April 2, took UCHF (instead of EU)
- LONG UCHF ---> price entering wave 3 of wave 5 of wave C
- Very classical entry ---> Charts below
Capture d’écran 2014-04-02 à 23.41.23.png
Capture d’écran 2014-04-02 à 23.41.57.png
KR
Hello fran
Firstly thanks for consistently sharing your trades, ideas and pictures. Quick question if you don't mind.
We know that its all Fractal Geometry. Waves within waves. But as you know any wave is something else on a different zoom level, e.g. a wave is C on D1 and 1-5 on h1 or m15. So would you agree that we need to set a "relative point" to start from. The question is where is that anchor for you? is it The Daily chart where you st art your counting or is it different per time frame. e.g. in my case, I stick to a time frame and 5x up and 5 x down. thats all. but mostly its 1 and 5x. such as m5/m1 m15/h1, h1 h4. etc. So do you follow the wave from a certain time frame as a rule or do you make it as you go along? I hope this makes sense.
cheers
Hello Immy,
Thanks very much for your post + it is a pleasure and an honor being able to share whatever I can come up to. And again you are a model for me, definitely!!!
Regarding your question ---> I don't have a "clear cut" way of counting. What I do is start at higher time frame, be it WEEKLY or DAILY, and try to find a CLEAR IMPULSE. If for any reason I can't find any such IMPULSE, then I abandon the pair, and move to another one.
As an example, for UCHF, I started on WEEKLY ---> Chart showed a clear 3 IMPULSE WAVES DOWN. Then I dropped down to H4 to clarify where I could enter. Then I dropped to M15 to capture a good AIMS entry
WEEKLY and H4 CHARTS below
Capture d’écran 2014-04-03 à 01.19.32.png
Capture d’écran 2014-04-03 à 01.24.21.png
I hope my explanation helps somehow

...
KR
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