Inside technicals and chart patterns by 
One of the things that has been giving traders fits this week is not a lack a set ups but a lack of follow-through. The short term intraday charts like the 15, 30, and 60 minute charts are better suited for the current environment the markets are in.
Swing set up are great and I’ve been doing more trend following over the past year than I can ever rememeber. Identfying a trending market then capitlizing on a correction is one of the more relaxing ways to trade there is.
In this example, the EUR/USD is trending higher and bouncing off Wave support.
Here’s a view of the 30 minute with the deeper correction to the Wave on the swing set up.
Raghee - I LOVE the wave! I like to trade divergences on very short term charts, (1min and 5min), as they do work very well despite what most will say. But I was struggling to find an OBJECTIVE way to identify the trend, so I can trade with it. What I’ve been doing recently is using The Wave to find the trend, and when a swing setup happens on 15min and up, I drill down to the 1min or 5min chart and trade a divergence/trendline break in the direction of the trend. Havent had a loser in the past 2 weeks! Of course that wont always be the case, but it just shows how effective The Wave can be for ID’ing the trend! Thanks, you rock!