Hi fellows, This post explain that patterns forms with in the patterns and you can trade on them for short term, medium terms and longer terms.
1. SHORT TERM TRADE SETUP ( You can buy sell by identifying the lower degree pattern on smaller time frame like 15 minutes for daily ranges.Fore example flat channel with in the bigger channel which you can see after impulse )
2. MEDIUM TERM TRADE SETUP
( You can buy sell by identifying the bigger degree pattern and you can trade with in that bigger degree pattern for medium term and that trade setup gonna on 1 hr or on 4hr time frame and can take up to couple of days to complete )
3. LONGER TERM TRADE SETUP
( You can buy sell by identifying the bigger degree pattern but that trade setup gonna be for holding position for longer term and it can take up to couple of weeks or months to complete normally these kind of trades are being taken by traders on daily time frame by digging out the lower time frame at best price )
For further details please look at the chart...........!!!!!!!!!!!!
Im learning to much with all your videos and information, thank you so much for share!! I´m a begginner trader!!
Do you recommend to expect a 4th or 5th wave, in the big channel ( daily for example ), to start trading on 15min or 1 hr? Based on Elliot Theory?
Regards From Mexico City
aandp4life
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thanks
DIAGO
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this is extremely great and helpful information. it just confirmed what I said to my friends that medium term trades are better and more rewarding than short term trades... I'm definitely saving this. people pay for this information and you give it out from the kindness of your heart may God continue to bless you
Wave-Trader
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@DIAGO, Thank you very much for your feedback mate....!!!!!!
HI WaveTrader,
Lets say after impulse as in the chart , indicators are showing over bought ( which is normal at 90% of the time). Do you still look for go long with the trade ?