DislikedLet us work on our imaginations.
010 0849 PHI
when i said I'd go out, i entered again as I saw an opportunity. managed to get 4 pips which should have been 6 pips. anyway, i got the 4 just as the market closed at 0500 here. 0507 actual PHI time. I think there was still room to go up to 1.9971 though to end wave c1. Yes I know I thought c31 already ended. although the form did not look right. but based on another system for determining waves, it now seems that 1.9971 should be the actual end.
***went up to 1.9967 only. short by 4 pips
so a possible GAP up might be seen on Sunday's opening or the Asian Monday opening , to be followed by a c32 retrace down to 1.9910-1.9885, before rallying for c33
**got that GAP UP
*** followed by a retrace that went down to 1.9914 ........ short by 4 pips to 1.9910 of the upper range
Divergence on the 15min chart. so expect a 5 wave advance from 1.9881 to 1.9971 then followed by a 3 wave retrace to 1.9910 - 1.9885 before the c33 rally.Ignored
People who followed the development as I did should be making money now. or starting to.
EG
001 0918 PHI 033108
already got my first 28 pips near the top before it retraced from 1.9980
have re entered LONG very near my previous Long entry ( 8 pips above it ). Let us see if I got this right
15min chart would show that next peak is in the range of 1.9985 - 2.0000.... I do not leave my trades just incase. I watch them and baby sit them. I suggest that newbies who are serious with forex trading should do these. these gives you the feel of watching charts and how indicators react to price movement. EVEN if you are DEMO Trading.
002 0934 PHI
could be c332 going up to c333 now from 1.9940
003 0950 PHI
I just checked FIB extention tool again and FE 100.00 is at 2.005 while FE 161.8 is @ 2.0045
004 1149 PHI
2 separate opportunities to have gathered more than 10 pips each long trade. But refrained from getting in and out as I think this is part of a wave 3 inside a wav3 of a C. I think best left alone to run. Specially because I pay 7 pips spread on my gbpusd.
005 1300 PHI
Currently under a 24 pip drawdown. I misread the Divergence on the 1min chart. still holding this long trade based on my risk tolorance level.
007 1455 PHI
currently immersed in a large drawdown. 1hr chart indicates further fall But 4hr chart sets this limit to 1.9734.
1.9733 will indicate continued fall for this pair. I still do not see any Divergence on the 1min and 5min charts amd this could flow into the 15min chart too. very likely that potential c2 retrace now goes towards 1.9734. 1.9733 invalidates the count looking for more UPSIDE move.
008 2314 PHI
How are you all with your trading tonight? for those who traded with me this morning my time and went thru that large drawdown thru the London session..... I hope you exited and got some pips before it went down again at 1030am US time. I just came back to my office after being out since London time. missed that top for a small profit. Now back to the drawdown.
I am still holding those longs on GBPUSD. Patience and Timing. I may have the patience....but my timing was off....