Short Term Trading Member Forum

[Chuck703VA]

Playing wave 4's what got me in trouble yesterday.

I recall someone, sometime, somewhere advised against playing wave 4s, however this week I sucked myself in because I thought we were going to get a larger wave 4. One think I ignored was that when in a third wave the 4th waves sometimes are not very large to allow the third wave to be even larger.

I am going to dig for the site that had some simplistic logic for what wave to use for what purposes......I used to keep it on the wall, but have not referred to it in years now. I do remember a caution about wave 4s though.