I am holding a long term long position, as mention on the chart, the elliott impulse wave has been completed 1-5, now on to the Elliott corrective wave A,B,C ill keep you guys posted with how the trade progresses. My entry point: 1.53931
評論
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Bought more on the current dip
評論
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Yet again another dip, i have bought more. Lets see how this one plays out. I am using a martingale strategy for anyone wondering
Bearish might be , but not so much down below the start of first wave .
petaj
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First time i see a wave 5 going down?
JonthanvanRooyen
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@petaj, Correct me if i am wrong, but wave 5 is simply the last leg of a trend, in this case its bearish.
petaj
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@JonthanvanRooyen, not sure about that. Always thought that the 5 waves would be in the same direction. Otherwise it failed.
JonthanvanRooyen
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@petaj, Over all made £3k on this trade so can't lie not that worried that i was wrong, can't lie you made me doubt my self. Maybe its just luck a guess.
petaj
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@JonthanvanRooyen, i see. Nice. But the count is wrong. You catch a top and it went down. I guess this is luck. But who cares. What counts is you make nice money. Put your stoploss into profit and let it run. Allthough eur is really strong also. So you are trading strong against stronger. I am in the audusd trade. I prefer strong against weak.
So bottomline. Good to be in profit but try to catch on elliot wave counts. Sign up with steve nixon i did too. Very good and everyday we discuss the market. We can meet there.
Logicfxtrading.com