Tools
1. Elliott Waves
Foremost I use Elliott Waves to see where the market is and where it’s probably heading. Starting from the weekly, than daily, h4, h1, h15, h5 – how I decompose the waves. I will not get into details about EW since there’re more than enough resources on the net to study.
I keep it simple and watch the structure EW1-5-ABC. Every impulse wave consists of 1-5, every corrective wave consists of ABC. I do consider leading/ending diagonals and zig-zag structure, but other than that nothing else.
Like I wrote, EW shows me what current wave is in progress and gives me the direction I want to trade.
Every weekend I go through this process from weekly to h1.
1. Elliott Waves
Foremost I use Elliott Waves to see where the market is and where it’s probably heading. Starting from the weekly, than daily, h4, h1, h15, h5 – how I decompose the waves. I will not get into details about EW since there’re more than enough resources on the net to study.
I keep it simple and watch the structure EW1-5-ABC. Every impulse wave consists of 1-5, every corrective wave consists of ABC. I do consider leading/ending diagonals and zig-zag structure, but other than that nothing else.
Like I wrote, EW shows me what current wave is in progress and gives me the direction I want to trade.
Every weekend I go through this process from weekly to h1.
