Most traders fail because they treat guidelines (like alternation or channeling) as hard rules. Kumar systematically separates the three unbreakable rules (Wave 2 cannot retrace more than 100% of Wave 1; Wave 3 is never the shortest; Wave 4 cannot overlap Wave 1) from the flexible guidelines. This alone reduces counting errors by 50%.
Where do you place your stop loss if you’re buying Wave 4? Should you scale in during an extending Wave 3? Kumar provides specific percentage-based and ATR-based stops tied directly to each wave degree.
Disclaimer: This post is for educational and informational purposes only. Trading financial markets involves risk. Past patterns do not guarantee future results. Always do your own research.
Most traders fail because they treat guidelines (like alternation or channeling) as hard rules. Kumar systematically separates the three unbreakable rules (Wave 2 cannot retrace more than 100% of Wave 1; Wave 3 is never the shortest; Wave 4 cannot overlap Wave 1) from the flexible guidelines. This alone reduces counting errors by 50%.
Where do you place your stop loss if you’re buying Wave 4? Should you scale in during an extending Wave 3? Kumar provides specific percentage-based and ATR-based stops tied directly to each wave degree.
Disclaimer: This post is for educational and informational purposes only. Trading financial markets involves risk. Past patterns do not guarantee future results. Always do your own research.
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