Plan the Trade

Wow 50 ticks way to go

'80' - i think it was! Awesome!)

Actually he got 65 he already had 14

Nice trade Ras. Way to hold. It is not easy to do. Great job!

Here's the plan;



The fib reaction suggests a 'B' wave and so fresh lows in 'C'

That was yesterday. Then this mornings fib reaction observation, (as above);



and current;



There is enough in that chart to suggest that the correction might be done already. The fib reactions at 38.2% & 61.8% of the entire prior cycle, are not pinpoint, but they may be acting more in general. We also see that Y (2nd set) was 123.6% of W (1st set).

I have learnt to be cautious under these circumstances and no longer have a clear overall direction (for the moment), my gut instinct is now 'up' but i will be following PA on smaller scales in any case... Complex corrective moves can twist and turn and create further X waves (followed by more sets of ABC's) etc...

Hopefully you can now see the fibs which matter. X waves should retrace a fib level of a prior ABC set and B waves should retrace a fib level of A.

and today's trades within the overall picture (above);

As i said, 'caution' before calling it outright Longs!

looks like a nice morning on dax cg .. here's what i saw:

that's on a 233 tick chart .. looks nice maybe something like sl of 10, revise to +1 after 6

Nice mate. I wish IG provided MP data. If i switched to Futures i am back to where i was before with the NQ i guess...

I actually missed that 123 trigger and retrace from the top that you have as POC pullback and have given back a handful of points since. Also a couple of BE's (no comm's don't forget!). It's taken the edge off of the day for me, again, that's me being over-emotional.

I since realised that i am back to spending too long screen watching. This was the whole problem before and i need to stop it. Two hours of morning session and close it down, i think... fatigue is still a big enemy.

Hvn at 06 will see what happens there

Pullback to 750 up 14 got 7

Hvn pullback up 16 got 10

2b break pb to hvn +20

need a hook

bought hvn +13

me to heres where I am at right now

123 setting up