Replies to post #120963 on Simple's Green Room

[pennies2007]

Hey Qui. No, that last sharp drop you mention doesn't count as a Goodman wave, at least not in the traditional sense because the counter trend bounce back up was too sharp. Plus, even if we're looking at a longer term drop later on USD/CHF, the in-between Goodman waves on the smaller times frames like the hourly also have to jive. Anytime we get a really good clear setup with Goodman, I go with it regardless of the larger trend.