A friend asked about if we want to analyze the wave count in grand super cycle degree. One thing that I would like to suggest is:
1. To trade the timeframe that we count the wave, and
2. To count the wave on the timeframe that we trade.
Why figuring out the wave count of a super high degree timeframe is not that important? If we think that it is important, do we also want to figure out the wave count of another higher degree timeframe (say from pre-history era)? Also, the key thing of trading with EW approach is to identify the structure of a given wave. How we can correctly identify a wave, and that is the key!
(Updated on 08/14/2012)
Trade Talk - Trade the Timeframe That We Count the Wave
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