DislikedEJ Short Trade:
TP1 reached. Half of trade closed. If PA pulls up to EP area (or even mR1/ FE 62% level) before more downside, I'll likely put that half back into the trade.Ignored
Took +35 pips on that trade! THX TAH!!
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DislikedEJ Short Trade:
TP1 reached. Half of trade closed. If PA pulls up to EP area (or even mR1/ FE 62% level) before more downside, I'll likely put that half back into the trade.Ignored
DislikedEJ Short Trade:
TP1 reached. Half of trade closed. If PA pulls up to EP area (or even mR1/ FE 62% level) before more downside, I'll likely put that half back into the trade.Ignored
DislikedEJ Short Trade:
Added half back. Intend to lower SL to FE 79%+ level once PA below FE 100% level again.Ignored
DislikedDanPa, I am hoping it will do this kind of number to close the session at the bottom of its 14 Day average range movement.
Edit: Note that trading is off at this current pullup. The Big Dogs may have found little liquidity up here for more shorting. If so, they have two choices: 1) keep it up here in hopes of others going long, so they can take the short side, or 2) proceed with the next leg down with what positions they have. Warning: Speculation!Ignored
DislikedEJ Short Trade:
New TP1 reached and again, half closed. SL lowered again and now to BE + profit on original half remaining. TP2 lowered again. 35 pips profit on first half closed. When added back, and now closed again, another 50 pips profit. Still have half of original trade running.
Edit: Since this might reach FE 162% before a pullup for the FO/LO traders, I am putting TP2 back up. I am also lowering SL to FE 100% level, building in sizeable profit even if hit. If TP2 reached and trade closed, if price pulls up nicely for FO/LO I will...Ignored
DislikedTAH
I am wondering why you did not enter short at the arrow on the first move down. Also why is that EP not a Higher Low after the previous low?Ignored
DislikedI think I was cat napping when that first opportunity hit. As for why is not my first EP a higher low....I guess because I am using a broader outlook on PA to designate H/Ls than I was when I marked that single candle as forming an EP.Ignored
DislikedThat Higher Low confused me, it looks like you are taking a short at higher low. Actually T, this reply confuses me even more.
How is it that a single candle can form an EP when we are trading the waves off the H L LH LL?
Maybe I am thick or studying too much. either is quite possible.
According to the H L LH LL theory & this chart, shouldn't the Green line have been the EP?
Just trying to get my head around this EP for future reference.Ignored
DislikedWell, if you want to split hairs, then look at the orange lines. That is actually what was going thru my head when I assigned my EP.....twice PA dorpped out of Dragon, only to be stopped short and pumped back up. So, I considered a failure later at that level was valid EP. And thru it all, I kept the broader (yellow) picture of Wave.Ignored