Strategy 3 - Do not Trade
Believe it or not this one of the best strategies. The strategy "Do not Trade" will keep out of lossing trades . There are plenty of trading opportunities every day therefore it is only smart to trade only the best ones. Trade only when you are able to read the waves and understand what's going to happen next and why.
Do not Trade
Usually the chart is a mess - up and down waves of similar size and no price direction . It may be good for swing traders but it's not my favorite style.