Leighhalfpenny - This is the Queen's daily schedule:
She starts the day with correspondence from the general public, she routinely receives 300 letters from the public every day. Some she reads and replies to herself, others she tells her members of staff how she would like them to be answered.
The Queen will then see 2 of her private secretaries with the daily quota of official papers and documents. A series of official meetings or audiences will often follow lasting 10-20 minutes. The Queen will then lunch privately. However the Queen and the Duke of Edinburgh will often invite a dozen guests from a wide variety of backgrounds to lunch.
While undertaking engagements the Queen can sometimes visit as many as 3 or 4 venues before lunch per day.
In the afternoons the Queen often goes out on public engagements and prepares for each visit by briefing herself on who she will be meeting. She carries out around 430 engagements (including audiences) a year.
The afternoon finishes with a meeting of the privy Council with several government ministers.
On Wednesday evenings the Queen undertakes a weekly meeting with the prime minister usually at 6.30pm.
At 7.30pm à report of the day's parliamentary proceedings written by one of the government's whips arrives. The Queen always reads this the same evening.
Some evenings she will also attend events, galas, concerts etc in connection with charities of which she is patron.
So hardly just smiling and waving.