Wave 3 in up move looks for me a bit too straight up. Could it be that it´s not because of technical issues but because of Trump factor and FED rate hike? If this enthusiasm is gone, could USD break down? I miss a real range trading phase after swing up. Could this be a sign that the move down at the moment is not a recovery phase but start of break down? Just some thoughts; your analysis is great and convincing, but I can´t switch off this concerns in my head.
@Subjugal, news doesn't matter. Trading with discipline is the key to success in trading. A disciplined approach helps you avoid getting caught up in the emotions of day trading that often lead to unplanned, risky and devastating moves. What often separates profitable traders in from those that lose a lot of money is often their ability to cut losses. This is the hardest lesson for many day traders to learn. By limiting your losses on a bad trade, you preserve your funds for better opportunity, also proper money management and understanding of human nature will make you better.
@Gorbie, thanks for the comment. Your opinion about news is interesting. So if I understood you right, technical analysis and dealing with the own faults inspite of hoping for events in news helping me is the safe way. I think the same way, but sometimes the news can be very devastating for clear thoughts. Thanks for the graph below you posted. I didn´t consider the pairs from that side. One question to this point of view: I can´t explain to myself why USDJPY did this massive rally from November 2012 to November 2014. Is this be because of this correlations? Where could I find this correlations? Thanks again.