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Thanks for the reply@Captain Kiethy,Seems like it's very hard to...

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Carts1st

25 Posts.

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31/05/23

09:56

Post #: 68049474
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Originally posted by Captain Kiethy: ↑

Hey mate,

I'm nowhere near the level of these other guys but from what I've seen with the 9/13 ema they can cross during W2 and W4 if they are longer waves and also after the completion of a sequence too. I would suggest doing a wave count on multiple time frames and see where it's at. You also need to settle on a method for trading that works for you. The count is important here because you don't want to be selling at say the bottom of W4 if you've already rode it down and then buy back halfway up W5.

A quick look at STX to me looks like it might be in W4 on the weekly scale, and likely in the B or just finished the B wave of the ABC as you've stated above.

If you are using the weekly for your count, the ABC correction will be clearer on the immediate scale down (daily).

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Thanks for the reply@Captain Kiethy,

Seems like it's very hard to have rules for trading that can be strictly adhered to...maybe that's where the art of trading comes into it - knowing when to adhere to them or when to give it a bit of leeway. Anywho... I figured STX was at the top of the B wave at $0.49 so got out and into something that is moving a bit quicker. I see you have traded DLI so WC8 and WSR might interest you if you don't have them on your list already.
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