WOW cable finished mini wave 4 without even reaching 23.6% retracement of mini wave 3!!
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DislikedWOW cable finished mini wave 4 without even reaching 23.6% retracement of mini wave 3!!Ignored
DislikedYea, looked like one of my "double down days" with basically no retrace to speak of (only 45ish bounce).
Possibly we're in a very, very large C down now? With the ABC that completed at 1.9950 constituting the end of B up. That'd put a quite lower target into view now...we'll see once the red news in 10 minutes have passed which way we're going and whether the current TL diesIgnored
DislikedBig wave C is somewhat confirmed with the brief break of 1.9675. Looks like the mini wave 5 has finished, and now it's in wave 4 of big wave C. Let's see.
I need to look more for these 'double down days' you mentioned. I always thought a retracement had to reach at least 23.6% of previous impulse of same degree.Ignored
DislikedOpportunity #E16/07
EUR/USD Long
3 parts
Entry: 1.3456
Stop (initial): 1.3416
End of mini wave 2 (?).
Update 1: Cut loss at 1.3432 (-24 x3). What a scary day.
Total gain: -72Ignored
DislikedOpportunity #G22/07
GBP/USD Long
3 parts
Entry: 1.9684
Stop (initial): 1.9634
End of mini wave 5, subwave 4 up (?).
Update 1: S/L tightened to 1.9666 (guarantees -18).Ignored
DislikedThe stop may be big enough but if this one is successful I will be a bigger believer than I already am, theres still a lot of downward pressure for gbp.Ignored
DislikedMy system for an extreme situation like this allows for position re-entry twice. Until everything is burned, or it succeeds. That's actually the setback/weakness of the system tho.Ignored
Dislikedlol thanks for the link/post, SeekingLight. I remember now I read that last time, just around the time I almost burned my acc (cable and euro bull runs).
USD/CHF is one of the pair that doesn't have clear EW count, hence I don't trade it. Igrok did mention something about a longterm trendline in USD/CHF, I saw his post in his thread. A descending line already tested many times, is in imminent danger of getting broken upwards.Ignored
DislikedYou don't run into days like this very often. Well you do but you're normally on the right side of the trades. Begs the question what made you exit you sells?Ignored