Replies to post #137063 on Simple's Green Room

[javalin]

guess that is what i was asking --got to remember that divergence thingy lol tks

[pennies2007]

That's it exactly Heavy. Basically, Wave 5 on the TDI is equal to Wave 3 or Wave C on price action...both of which are typically the longest and strongest waves. That's why we primarily want to shoot for Wave 4 to 5 plays only.

Of course, I'm just as guilty as anyone....trying to catch Wave 2 bottoms or tops...which I guess is fine...but I'm finding that had I just waited for Wave 4 to show up, I would pretty much eliminate the drawdown. I'd get fewer trades but more bang for my buck.

The 1 and 2 movements that occur after Wave 5 has completed on the TDI are equal to Waves 4 and 5 on price action.