Tuesday January 9 at 2:45 ET
Exit Trade Experiment #303D Buy GBP/USD at 1.9282 at 1.9450 if not already exited to accept 264 pips of profit
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Previous trade experiment:
Monday January 8 at 9:00 ET
Trade Experiment #303D Buy GBP/USD at 1.9282
Stop is 1.9258
Target is 1.9350
Risk is 28 pips
Reward is 64 pips
Reward / Risk Ratio is 2.3
Confidence level: good
Accuracy: good
Reward / Risk Ratio : poor
For research purposes only.
This is an attempt to trade an upwards wave c of an upwards Wave 4 of the very strong downtrend.
Alternatively, it could be the beginning of a wave 3 upwards of the first wave of a final large Wave 5 leading to a new high.
p.s. - GBP/USD hit 1.9371 at 10:10 ET on January 8 to complete a successfull experiment
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Previous trade signal:
Monday January 5 at 3:30 ET
Exit Experiment #303C Buy GBP/USD at 1.9342
This is the apparent top of an upwards mini-wave. If it is the first wave of a new large Wave 3, then it will probaby retrace considerably before it resumes its upwards travel. If it is the Wave A of a Wave 4 correction, then it will also correct downwards a considerable amount. Since the wave count is now uncertain, it is prudent to take 51 pips of profit and see how the patterns unfold.
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Previous Trade Experiment:
Friday January 5 at 9:00 ET
Trade Experiment #303C Buy GBP/USD at 1.9286
Stop is 1.9239
Target is 1.9735
Risk is 51 pips
Reward is 445 pips
Reward / Risk Ratio is 8.7
Confidence level: good
Accuracy: good
Reward / Risk Ratio : excellent
For research purposes only.
This is an attempt to trade an upwards wave 1 of an upwards Wave 5 of the very large uptrend.
Exit Trade Experiment #303D Buy GBP/USD at 1.9282 at 1.9450 if not already exited to accept 264 pips of profit
______________________________________________________
______________________________________________________
Previous trade experiment:
Monday January 8 at 9:00 ET
Trade Experiment #303D Buy GBP/USD at 1.9282
Stop is 1.9258
Target is 1.9350
Risk is 28 pips
Reward is 64 pips
Reward / Risk Ratio is 2.3
Confidence level: good
Accuracy: good
Reward / Risk Ratio : poor
For research purposes only.
This is an attempt to trade an upwards wave c of an upwards Wave 4 of the very strong downtrend.
Alternatively, it could be the beginning of a wave 3 upwards of the first wave of a final large Wave 5 leading to a new high.
p.s. - GBP/USD hit 1.9371 at 10:10 ET on January 8 to complete a successfull experiment
__________________________________________________ ______
__________________________________________________ ______
Previous trade signal:
Monday January 5 at 3:30 ET
Exit Experiment #303C Buy GBP/USD at 1.9342
This is the apparent top of an upwards mini-wave. If it is the first wave of a new large Wave 3, then it will probaby retrace considerably before it resumes its upwards travel. If it is the Wave A of a Wave 4 correction, then it will also correct downwards a considerable amount. Since the wave count is now uncertain, it is prudent to take 51 pips of profit and see how the patterns unfold.
________________________________________________
_________________________________________________
Previous Trade Experiment:
Friday January 5 at 9:00 ET
Trade Experiment #303C Buy GBP/USD at 1.9286
Stop is 1.9239
Target is 1.9735
Risk is 51 pips
Reward is 445 pips
Reward / Risk Ratio is 8.7
Confidence level: good
Accuracy: good
Reward / Risk Ratio : excellent
For research purposes only.
This is an attempt to trade an upwards wave 1 of an upwards Wave 5 of the very large uptrend.