DislikedDave, it's heading towards your AUDUSD target prices.
The reason I didn't count your circled i as 1 complete wave because I can't get a 5 subwave out of it.Ignored
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DislikedDave, it's heading towards your AUDUSD target prices.
The reason I didn't count your circled i as 1 complete wave because I can't get a 5 subwave out of it.Ignored
DislikedDave, it looks like a 5 wave down now. Any change on the wave count?Ignored
Dislikedi see an abcde like correction at major support on the daily tf and the 15min stochs together with 4h stochs gave a signal..
it all depends on how stocks, oil and copper behave today and tomorrow..if they go up aussie will follow
if it is wrong i will ride it down to the next support line from the down channel which will be the next buy point tryIgnored
DislikedIt may or may not, it may just wanna hit the stops at 1.032 area....... then only goes up.
I'm sticking with closer stops at the moment because 1 good trade may win back all the loses, just need to be patient and stay positive.
Wider stop loss maybe will give you higher % of win, but end result maybe is the same. I'm not sure, let's see. You can keep your trade records here and study together with me if you don't mind.
AUDUSD, if I entered at the fibo 0.618, 1.04213 (Actually I tried to enter on the 0.382 already) , and placed my stop at...Ignored
DislikedDave,
USDMXN also break the recent high, now left only USDNOK.
S&P have also completed a 5 wave down on H1, let's see how it retrace and show a corrective wave up or not.Ignored
Disliked"S&P have also completed a 5 wave down on H1" - what is H1? If you are referring to the sell-off from the 1419 highs that was a correction and cannot be in 5-waves - look closely at the structure, it unfolded in only 3-waves to complete Wave ii at the 1394 area, i.e. today's low.
If you think the S&P's are in an overall bearish count you cannot possible be looking to get long AUD/USD - the weakest pair in the G10 in recent weeks. As of right now, I do not see a bearish count in the S&P's.Ignored
DislikedNow I understand your aversion to wider stops - small a/c size and already trading smallest units available. I will be honest, this will a tough road. Trading with such small stops unless you have an incredibly fine tuned approach is likely not to work.
The odds of AUD/USD putting in a bottom in and around current levels has increased dramatically - especially with the S&P's holding the 1394 level. So, given your previous entries, IMO - that 28 pip cumulative loss was avoidable - I never saw the technical relevance of those entries not only...Ignored