Wednesday January 3 at 10:15 ET
Trade Experiment #303B Buy GBP/USD at 1.9500
Stop is 1.9469
Target is 1.9705
Risk is 35 pips
Reward is 201 pips
Reward / Risk Ratio is 5.7
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : good
For research purposes only.
This is an attempt to trade an upwards Wave B of a downwards Wave 4 of an upwards extended Third Wave.
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Previous trade experiments:
This one got stopped out when the GBP/USD dropped like a stone 100 pips for no apparent reason. We expected the fifth wave down to be small, but it was huge!:
Wednesday January 3 at 9:15 ET
Trade Experiment #303A Buy GBP/USD at 1.9577
Stop is 1.9553
Target is 1.9705
Risk is 29 pips
Reward is 124 pips
Reward / Risk Ratio is 4.3
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : fair
For research purposes only.
This is an attempt to trade an upwards Wave B of a downwards Wave 4 of an upwards extended Third Wave.
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Adjust target for Trade Experiment #303 Buy GBP/USD to 1.9617
Wednesday January 3 at 8:00 ET
After more analysis we believe that GBP/USD will descend to a new low at about 1.9580. Therefore adjust exit target to 1.9617 to claim 19 pips of profit and re-enter at the bottom of the next downwards small five wave pattern.
p.s. - GBP/USD went to an interim high of 1.9632 , thus hitting our adjusted exit target
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Previous trade experiments:
Wednesday January 3 at 6:45 ET
Trade Experiment #303 Buy GBP/USD at 1.9594
Enter Buy GBP/USD at 1.9594
Stop is 1.9569
Target is 1.9705
Risk is 29 pips
Reward is 107 pips
Reward / Risk Ratio is 3.7
Confidence level: good
Accuracy: good
Reward / Risk Ratio : fair
For research purposes only.
This is an attempt to trade an upwards Wave B of a downwards Wave 4 of an upwards extended Third Wave.
__________________________________________________
__________________________________________________
Original, highly researched, highly successful trade plan:
Tuesday January 2, 2006 at 9:15 ET
Trade Experiment #302 Sell GBP/USD at 1.9749
Stop is 1.9782
Target is 1.9530
Risk is 37 pips
Reward is 215 pips
Reward / Risk Ratio is 5.8 / 1
Confidence level: fair
Accuracy: fair
Reward / Risk Ratio : good
For research purposes only.
This is an attempt to trade Wave C of Wave 4 down.
p.s. - recent high is 1.9749 (entry price met)
p.p.s. - recent low is 1.9482
Trade Experiment #303B Buy GBP/USD at 1.9500
Stop is 1.9469
Target is 1.9705
Risk is 35 pips
Reward is 201 pips
Reward / Risk Ratio is 5.7
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : good
For research purposes only.
This is an attempt to trade an upwards Wave B of a downwards Wave 4 of an upwards extended Third Wave.
________________________________________
_________________________________________
Previous trade experiments:
This one got stopped out when the GBP/USD dropped like a stone 100 pips for no apparent reason. We expected the fifth wave down to be small, but it was huge!:
Wednesday January 3 at 9:15 ET
Trade Experiment #303A Buy GBP/USD at 1.9577
Stop is 1.9553
Target is 1.9705
Risk is 29 pips
Reward is 124 pips
Reward / Risk Ratio is 4.3
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : fair
For research purposes only.
This is an attempt to trade an upwards Wave B of a downwards Wave 4 of an upwards extended Third Wave.
__________________________________________________
_________________________________________________
Adjust target for Trade Experiment #303 Buy GBP/USD to 1.9617
Wednesday January 3 at 8:00 ET
After more analysis we believe that GBP/USD will descend to a new low at about 1.9580. Therefore adjust exit target to 1.9617 to claim 19 pips of profit and re-enter at the bottom of the next downwards small five wave pattern.
p.s. - GBP/USD went to an interim high of 1.9632 , thus hitting our adjusted exit target
____________________________________________
____________________________________________
Previous trade experiments:
Wednesday January 3 at 6:45 ET
Trade Experiment #303 Buy GBP/USD at 1.9594
Enter Buy GBP/USD at 1.9594
Stop is 1.9569
Target is 1.9705
Risk is 29 pips
Reward is 107 pips
Reward / Risk Ratio is 3.7
Confidence level: good
Accuracy: good
Reward / Risk Ratio : fair
For research purposes only.
This is an attempt to trade an upwards Wave B of a downwards Wave 4 of an upwards extended Third Wave.
__________________________________________________
__________________________________________________
Original, highly researched, highly successful trade plan:
Tuesday January 2, 2006 at 9:15 ET
Trade Experiment #302 Sell GBP/USD at 1.9749
Stop is 1.9782
Target is 1.9530
Risk is 37 pips
Reward is 215 pips
Reward / Risk Ratio is 5.8 / 1
Confidence level: fair
Accuracy: fair
Reward / Risk Ratio : good
For research purposes only.
This is an attempt to trade Wave C of Wave 4 down.
p.s. - recent high is 1.9749 (entry price met)
p.p.s. - recent low is 1.9482