Simple's Green Room

[Qui-Gon Kagi]

Yeah git, wave counting is sort of like babysitting, but then so is any other method of trading imo. Wave counting is tough or everybody would be profitable all the time by counting simple waves on the charts which are seldom to be easily identified; at least seldom by me. Pennies is consistantly profitable at wave counting, whereas I'm not.

I think lines of support and resistance are far, far easier to trade from, but they too can be off enough where exact price stops are concerned to throw traders into traps. Fibs are approximates too usually. I think the easiest way to trade is to wait for extreme price movements to occur and then when the price hits a line of support or resistance following a fast and furious extreme price movement, go in and cross your fingers. Pennies would disagree with me though. lol