so this is my latest study about wave USDJPY ..You can use this motion study to help you determine if you should hold the position/buy or short the market.The way I trade is i used 3 method.
1)Evaluate the market and determine the market on which wave the current price right now!
2)if you were looking for buy im wait at number 3 wave and wave 5..(green wave not white wave)white wave is small wave!!
3)after you know the market lies in that wave such as eg:wave 3 then i used my secret indicator and wait for signals buy.
note important :i suggest when market at corrective condition, the best wave at wave 5 for buy if you want to try at wave 3 just use small lot.
so if you trend trader ,you want to follow the trend the good wave to try at wave 2 and 4...and go check your indicator and wait for signals..
this two method very important.do not rely 1 method.