PLEASE ignore if ti does not fit your understanding of how patterns should be used and continue to do what you are doing.
Training : add to skype mangal457
This is one of the reasons why I like Anil's way of doing Elliott waves. Simple and clear. No need for knowing exactly is this a X wave and is it labeled correctly. Oh, is this a running flat, complex double or triple zigzag, extended wave 3, triple zigzag ending diagonal, etc., etc. He just gives it clear and precise. Something all trader's even without extensive knowledge of Elliott wave theory can all see and understand it's there!
Advanced patterns, like anything else, is not some magical strategy. It is a graphical expression of what the market and by extension what trader's have done and chances are,,,are going to do. They serve the purpose of using historical tendencies to give an edge to the person using them CORRECTLY to figure out what MIGHT happen next. Not what WILL. Nothing can tell you that!
I agree with Anil that used in conjunction with proper knowledge of where the market is at (either trending or consolidating) is essential to being able to use the advanced patterns properly. If you know with some degree of certainty that the market is in a consolidation phase for example, then spotting advanced patterns within the corrective wave makes all the sense in the world! You'll know, again with some degree of certainty, that you'll find opposing (back-to-back) patterns quite often and know what to do when you find them.
Anyway, this is how I use advanced patterns in my trading. First, using wave theory to locate where the market is at the time. And then spot the advanced patterns within the wave. Whenever someone asks me, "Is this a blah-blah-blah pattern?" my next question is why do you think that pattern will work?