ABCD - My way

Quoting wannaberich

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not a bad day so far. i only regret not having taken the pips i had when we got to 630 as i already knew it would be a big number. anyway i shorted from 607 and am happy and holding (100 pips). loaded another short at 1.4525. this one i am not so sure, but anyway it's at be so the worst that can happen is to take me out at 0 and then go down (yes pretty confident it will continue as long as 530 is not taken out. attaching a chart with my levels for tomorrow. hapipipin {image}

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Quoting wannaberich

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then price starts to climb again. we make a new calcultaion. the chart shows the new D. price goes up and completes the cycle. we now wait for a close below D to enter short. and that's basically it. tomorrow morning i will post the current cycles. on smaller TFs sundays nights suck because the market as been open since wellington and my brokers are not so i can't seen what cycles were made. so tomorrow morning (in about 12 hours) i will start to post cycles here. till then hapipipin {image}

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Quoting wannaberich

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here is the new cycle being formed. so let's talk take profit now. TP depends on various factors and is always a big decision. i'll explain my views as we are confronted with them. right now, as i already said, we have an open target above us and past the D for this 5m cycle. the current D is 54, the 30m D is 63. so that area should be the pivot area for this trade. i never know what is going to happen (if) we get to that area. we could turn back there on the completion of the cycle or we could break past it. when i am scalping against bigger TF...

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