Wave traders generally enter at breakouts, and in my opinion it's too late. By reading the price correct, you will have a much better risk reward ratio.
Noticed there are many good wave traders. This is just my opinion.
Also IMHO regardless if you are using a necked chart or 20 christmas tree indicators but your method allows you to trade for a living and your draw-down is manageable you have my respect.
green pips to all :)
Honestly, the wave theory gives traders that bank on it an exit point. Is it perhaps more important that you HAVE an exit point than that it's the absolute perfect exit point in any one given trade?
I think you're right, using the wave can work and not using the wave can work. Good post.