From arthurwsp - Where would I be able to see your labelling of the "past" (meaning from 1996 to date) EUR/USD pair on a monthly and daily chart ?
About my wave count of the long term view, I have posted a monthly chart the beginning of this thread, but it is not dated from 1996 that early. I don't have a wave count for that long term history. IMHO,
it's more practical to view and trade with the view of near future.
From arthurwsp - EUR was given birth only in early 90's, and from MT4, I can see the chart from 1996, and that was why I was hoping you have some work done on the bigger picture. ... If we do not have a perspective, how would we be able to know whether we are trading a 5 waves (impulse) or a 3 waves (correction). I know that is an anticipation.
Before EUR, it was DEM (Deutsche Mark), so we watch DEM's long term chart for the wave structure of EUR's pre-history wave. Yes, I agree with you that it will be easier to identify the wave if we know where we are. I have been trying to practice to identify a given wave factal to predict what next move could be. That becomes part of my daily life because I day-trade ES (SP futures index). In such a very micro timeframe of day trading, there is no easy way to really know where I am, except to identify the wave pattern in order to predict and trade.
From arthurwsp - I can see the difference between you and me now, but am surprised, because from your blog, you seemed to me to be a swing (long term) trader, but you day-trade ES.
Actually, I day trade ES, swing trade ES if it goes bear market, swing trade EUR, JPR, gold, and long term trade stock. Currently, I guess that EUR is in wave-3._2. I guess that it will have a strong surge when it starts wave-3._3 this afternoon (New York time).
haven't been here a while. was busy.
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