Cruddest

educational post 3 , how to trade after a zigzag correction

BITSTAMP:BTCUSD   Bitcoin / Dolar
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in this educational post i have pointed out the high probability of a good market entry after a correction , this example is simple and the content is written by me not copied from any other resources
Thanks a lot for your post.
After the correction that finishes at c, the graph goes down to "i". Then it goes up again. Why don't you mark this peak as "ii"?. Instead you mark the next peak as "ii". So, from c it goes down to "i", then up (it has no mark), then down and then up to "ii"
Balas
Cruddest contour2
@contour2, it should be marked as a mini abc , i thought it would make it look complicated
Balas
contour2 Cruddest
@Cruddest, Thanks.If the "peak with no mark" was higher than peak "ii", would it still be a mini abc? or the "peak with no mark" would become "ii"?
Balas
Cruddest contour2
@contour2, no that would make wave c short and the place of wave ii should remain the same :)
Balas
contour2 Cruddest
@Cruddest, What I find the most difficult thing in EW analysis is to count properly the waves. Maybe you could make an ed. post explaning the rules to count them, with graphs, examples and doubts that can arise to newbies like me.Like the doubt I asked you before. When one sees the blue lines in your ed.graphs, it's easier to understand. But in an actual graph, I can't see how properly(logically) count the waves. EW is a very interesting topic. Thanks.
Balas
Thanks. I'd have love it if you could include some more details in text. But this is fantastic.
Balas
@usra, will try to do my best to include that in the next post :)
Balas
All I can see is that you buy high and sell low!?
Or should I read this at the entry point that you're back into USD(T)
And by back BTC at the TP?

If so: shorting confuses me :p
Balas
Cruddest yvofox
@yvofox, shorting confuses you :)))
bearish markets are important also :)
+1 Balas
yvofox Cruddest
@Cruddest,

Yes, I haven't been into trading too long still.
I also started while the market is mainly bullish.

But was I right in my precious comment about the entry and tp point?
Balas
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