Hi @Dollar_McGavin,
Thanks for your appreciation.
Actually my TA skill won’t be that complex. My approach is very close to PA. Since PA is so powerful, it can explain many other strategy. To be honest, I haven’t found any strategy better than PA. The foundation of PA is actually econometric inherited from Wave Theory. However, most trader learn PA only to its surface, hardly know the core beneath PA. Even Babypips article doesn’t reveal it even a bit. The PA’s core is all about math. It’s not HH, HL, LL, LH.
About EW, it’s momentum what we are looking for. Most people think of EW as pattern. This is very very highly wrong.
Example, when you are surfing. When the ocean is calm, we sit on our surfboard, waiting. We monitor the ocean to find a sign of good surfing wave. When we have the target, we get close to ride the wave.
The same thing to EW. We need to wait market to calm down. That means we look for a “base”. While we are waiting, we browse internet, look for fundamental for incoming events. When we already know the event, what we do, preparing ourselves for its arrival.
EW can happens during M1 chart, it’s not necessarily becomes a part of EW on HTF. EW description on internet, mostly wrong. I don’t know who started it But it should be a blessing for EW’s Gurus. I think I have to make up more to have the benefit to be new EW Mentors.
Adding some zodiak will be cool so I’ll be seen as new EW Expert to scam more people
PA has a very good principle to forecast reversal. We don’t need to draw anything, by looking at different TF, we can forcast the magnitude of a reversing pattern. You can learn the original PA about Conversion Zone. Nowadays, there are many explanation about Conversion Zone, however, the more explanations are created, more distance the idea from the original. It has misled so many people.
What I see, PA has been a perfect tool for trading. But since many trading “Guru” added their ingredients, most explanation about PA are wrong.
Have a good trade to all BP