ElliotWaves - page 21
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cancell the first trade
went long here @ 1.2942 ask price
for the second order will be at 1.2920-15 area
all stops @ 1.2895
cancell the first trade
went long here @ 1.2942 ask price
for the second order will be at 1.2920-15 area
all stops @ 1.2895Now let me update the orders
i am long eurusd @ 1.2942 [ask price ] stop @ 1.2895 and tp @ 1.3050
my second order which just placed is long eurusd @ 1.2920 sl @ 1.2895 tp trailing that is if EUR/USD reaches 1.3050 then the stop should be moved to 1.2980.
this is it.
Total account equity used 3%. [ default ]
-----------------------------
Now let me update the orders
i am long eurusd @ 1.2942 [ask price ] stop @ 1.2895 and tp @ 1.3050
my second order which just placed is long eurusd @ 1.2920 sl @ 1.2895 tp trailing that is if EUR/USD reaches 1.3050 then the stop should be moved to 1.2980.
this is it.
Total account equity used 3%. [ default ]
-----------------------------both orders are in place and current low at 1.2896 just single pip may be a double bottom.
both orders are in place and current low at 1.2896 just single pip may be a double bottom.
EURUSD 1.2952
---------------
By looking at the way the movement has been uptill now i am looking to exit 1
lot at 1.3015 if seen. the second lot opened at 1.2942 i will try to trail.All this is possible if my stop is not taken @ 1.2895 ofcourse.
EACAN
EURUSD 1.2952
---------------
By looking at the way the movement has been uptill now i am looking to exit 1
lot at 1.3015 if seen. the second lot opened at 1.2942 i will try to trail.All this is possible if my stop is not taken @ 1.2895 ofcourse.
EACANokay i have closed the trade opened at 1.2920 right now at 1.2995
the second lot opeened at 1.2942 is moved to 1.2975
lets revisit the chart
from the previous chart i have markings for the 4th wave for around 1.3050's something but the way market has moved since yesterday it also shows signs of weekenes as it travels now above the high of wave (a) marking the minimum (c) wave we needed for wave 4 ..
1 position i have closed @ 1.2995 cause we have done the min of wave c second is ( stop moved to 1.2975 ) ..
now how about trying to catch also the 5th wave for that i have just placed the sell stop at 1.2970 sl at todays's high what ever it is ( will update when i open the position ).
chart attached.
Orders
from the previous chart i have markings for the 4th wave for around 1.3050's something but the way market has moved since yesterday it also shows signs of weekenes as it travels now above the high of wave (a) marking the minimum (c) wave we needed for wave 4 ..
1 position i have closed @ 1.2995 cause we have done the min of wave c second is ( stop moved to 1.2975 ) ..
now how about trying to catch also the 5th wave for that i have just placed the sell stop at 1.2970 sl at todays's high what ever it is ( will update when i open the position ).
chart attached.I have just placed one order this time [ Sell Stop @ 1.2970 Sl 1.3002 ( my brokers high ) and tp 1.2864 ].
this 1.2864 is actually the low of wave 3 often wave 5 will fail and a new trend often starts so i will trail this position as much as possible provided ofcourse all goes well . This pattern has already provided me two good trades with pips.
AccountEquity Used 2%
----------------------
I have just placed one order this time [ Sell Stop @ 1.2970 Sl 1.3002 ( my brokers high ) and tp 1.2864 ].
this 1.2864 is actually the low of wave 3 often wave 5 will fail and a new trend often starts so i will trail this position as much as possible provided ofcourse all goes well . This pattern has already provided me two good trades with pips.
AccountEquity Used 2%
----------------------Lets update the positions again
we closed one order opened at 1.2920 to 1.2995
we have 1 buy order we opened at 1.2942 which is now moved to 1.2975 ( expected 4th wave continuation or a new trend )
and a new sellstop order @ 1.2970 sl 1.3002 tp @ 1.2864 ( expected 5th wave ).
Lets update the positions again
we closed one order opened at 1.2920 to 1.2995
we have 1 buy order we opened at 1.2942 which is now moved to 1.2975 ( expected 4th wave continuation or a new trend )
and a new sellstop order @ 1.2970 sl 1.3002 tp @ 1.2864 ( expected 5th wave ).my long eurusd order just closed at 1.2975 i dont have any long positions left just one sell stop @ 1.2970
entry chart
This updated chart shows how we can have 2 kind of entries
(1) agressive
(2) Momentum ( conserv )
I choosed option 2 this time cause the distance is not that alot.
chart.