AleksanderThor
Short

$GBPUSD Can you trade the ABC?

FX:GBPUSD   British Pound/U.S. Dollar
181 5 3
Notes on chart
Is that a Wolfe wave?
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AleksanderThor livingdaylight
Yes - That's how I trade them and can be found i Bill Wolfes manual :)
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livingdaylight AleksanderThor
I never manage to 'see' them. Looks great when they come off, but that point 5 can keep moving. I guess one enters once point 5 has been confirmed? in the direction of return?
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AleksanderThor livingdaylight
Yea point 5 can be tricky, but if you understand Patterns and their ABC values, RSI, Parallel shifted 2-4 line, Action reaction, fib grid and volumen - then it's one of the best patterns :)
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AleksanderThor livingdaylight
Key note: The wave points need to be confirmed by high volume
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