Oil had another wave collapse.
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DislikedYes the EU has been weird lately, my last couple of trades have gone the wrong way..thats what i get for trading against the trend.
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DislikedHere's a chart of the EJ H4 possible wave break down, i would be careful going short if it does break because the long term trend is up.Ignored
DislikedIt's making up for the crazy movements we got a week ago where we hit 400 pips within 2 day lol.
I have a feeling the wave I should be following is the one which collapsed. The more I look at the waves, the more I see the one retracement up as noise and not a defined peak. If I'm right and the current wave does collapse, we may even see close to 1.5100 although I shouldn't be trying to predict like that since the market can shoot up any time it wants.
My advice when you see the market like this. Let it play out and follow the big waves.Ignored
DislikedIf we break up anywhere near 1.5600 and close, we are officially breaking waves to the upside. What I will then be doing is buying all waves breaking up and on pullbacks.
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DislikedHey Zoopy or anyone, i have a question, something i still have a hard time with is when to add to a winning trade, do you wait for x amount of pips in your favor before adding more lots or do you wait for the beginning of the next candle..?Ignored
DislikedWe're definitely on the same page.
Looks like there is some upside pressure building.
Can't really explain why, but it feels like there is a semi-strong move coming.Ignored