Thanks. One of my faults is jumping in, with a wide stop, and expecting a massive move up ! Out of interest how do you quantify the minimum target here.
Perhaps GBP USD is better. On Dailly/4H we have hit 5/8 retrace. Not sure if I have 3 drive marked properly on hour but there are 2 162% extensions very close to the 5/8
Hi Master Sive,
Thank you again for all your hard work in difficult times.
Can you please help me with the 3 Drive. I have read the section on it in the Forex Military School several times and am still confused.
Is this the correct way to mark the extensions/expansion ?
Hi Guys,
Havn't seen Stag here for some time. Hope he's keeping well.
You may recall my fascination with situations where I see an EW pattern matching Sive's invaluable analysis. I may have one here to share.
Essentially from the high of 1.1146 I see a 3 wave down move. The complex middle...
Hi Guys,
been keeping a low profile because I didn't have a wave count.
But on 11 December I did say
"Because my maroon wave e gave a throw over past my a c trendline then I think this supports my wave count, in which case my next target is around 1.1190."
The wave count was obviously wrong...
Well guys, my maroon wave count served me well for the first 3 weeks of December, but looks as if all good things about to come to an end. Stag's wave count seems right, though Sive still had a bearish outlook this morning at least.
Anyway my trades tend to run for days so its far too close to...
I agree in part as visually I am not entirely happy calling my wave b a zig zag (which of course it needs to be to support a triangle). But equally I do not see it as a clear and tidy impulse. When this happens I tend to look at the context. The initial reaction on completion of your wave 5...
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