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my thread, my rules, my journey 8 replies

My journey to a 20% account increase per month 7 replies

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(binned per thread starter’s request) The Journey

  • #21
  • Edited 5:03pm Apr 30, 2018 4:33pm | Edited 5:03pm
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In the first instance, I attach SPX M5 Chart and which shows what appears a clear 5 waves down (possibly complete but uncertain about that). If correct we should get a 3 leg pull-back before another thrust down.

Secondly, my Grand Plan didnt work out too well today. I made a loss and chased my tail trying to recover it but things got a bit out of hand and crazy. I may squeeze a trade in before the Month ends (90 mins) but unlikely and so my statement is complete for the month.

My Diary reads a "locked-in" amount of £3170 and Floating Amount at £-36

Monthly Gain (April) = £51.40 (approx +1.7%)
Attached Image(s) (click to enlarge)
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  • #22
  • Apr 30, 2018 4:38pm Apr 30, 2018 4:38pm
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Note:

FF appear to have moved this thread to "Trading Journals".

I placed it in Discussion to encourage discussion.

Replies and Responses are welcome regardless.
  • #23
  • Edited May 2, 2018 1:14am May 1, 2018 1:34pm | Edited May 2, 2018 1:14am
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May Month Commences.

SPX appears to have done as expected but I think it still formed only one wave down. Therefore, I expect now a reasonably significant 3 leg pull-back. The Fibo. Levels should be noted for confirmation because the next wave down (once they complete and if the assessment is correct) may be larger than the one previous.

My Diary is today reading £3170 and £-21 Floating.
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  • #24
  • May 1, 2018 3:42pm May 1, 2018 3:42pm
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SPX - Today's move up is extremely bullish and so I side-line my ideas that another wave down will follow somewhere within the Retraction Range of the previous move down, for now. I will wait for more confirmation
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  • #25
  • Last Post: May 2, 2018 2:00pm May 2, 2018 2:00pm
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Two days of Battle and I am back to the financial highs of last week.

Today was benefiting from Euro/Dollar selling and SPX scalping.

I am "open-minded" about SPX but remain Bearish in Euro-Dollar and with the targets on the chart in view. All positions on that pair are closed and I expect some pull-backs so I'm not wanting to express any short-term opinion for now.

My Dairy reads: £3170 and £+6 Floating (towards the next full £10 Gain lock-in value).
Attached Image(s) (click to enlarge)
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