Trading Analysis based purely on Price Action as taught by Nial Fuller at www.learntotradethemarket.com. All I post here are setups which i see fit to trade win or lose.
Friday, 26 February 2010
FTSE and Wave 2's
Wave 2's i hate them with a passion! Theyre my least favourite wave because of the amount of work it undo's of wave 1. Anyway, has anyone else noticed how these waves even though they are corrective, correct up in 5 waves. See the four examples ive set out on the FTSE. If i hold my shorts, theyre gonna be in pretty bad shape, but its a risk im willing to take....for now
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