Re-enter Trade Experiment #338B Sell EUR/USD at 1.2963 at the higher price of 1.3012
Our last trade experiment with EURUSD stopped out by only 2 pips. We should have advised a slight adjustment to the stop based on the Elliott Wave pattern that was forming. Trade Experiment #338A Sell EUR/USD at the higher price of 1.2988 (below) was stopped out by 2 pips when the price just rose to 1.3014.
Stop is 1.3033
Target is 1.2850
Risk is 24 pips
Reward is 158 pips
RRR is 6.6 to 1
Confidence level: good
Accuracy: good
Reward / Risk Ratio : very good
For research purposes only.
EURUSD Wave hypothesis : Wave 5 down of a larger Wave C of an even larger Wave 4.
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Previous Trade Experiment:
Tuesday February 6 at 13:45 ET
Re-enter Trade Experiment #338A Sell EUR/USD at 1.2963 at the higher price of 1.2988
Because the stop on Trade Experiment #338 was very small and we entered prematurely, we were stopped out. This second attempt has a better chance of success. The time of day (later in the New York session)is also on our side.
Stop is 1.3012
Target is 1.2850
Risk is 27 pips
Reward is 135 pips
RRR is 5.0 to 1
Confidence level: good
Accuracy: good
Reward / Risk Ratio : good
For research purposes only.
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Previous Trade Experiment:
Tuesday February 6 at 11:45 ET
Trade Experiment #338 Sell EUR/USD at 1.2963
Stop is 1.2983
Target is 1.2850
Risk is 23 pips
Reward is 110 pips
RRR is 4.8 to 1
Confidence level: good
Accuracy: good
Reward / Risk Ratio : good
For research purposes only.
EURUSD Wave hypothesis : Wave 5 down of a larger Wave C of an even larger Wave 4.
Our last trade experiment with EURUSD stopped out by only 2 pips. We should have advised a slight adjustment to the stop based on the Elliott Wave pattern that was forming. Trade Experiment #338A Sell EUR/USD at the higher price of 1.2988 (below) was stopped out by 2 pips when the price just rose to 1.3014.
Stop is 1.3033
Target is 1.2850
Risk is 24 pips
Reward is 158 pips
RRR is 6.6 to 1
Confidence level: good
Accuracy: good
Reward / Risk Ratio : very good
For research purposes only.
EURUSD Wave hypothesis : Wave 5 down of a larger Wave C of an even larger Wave 4.
______________________________________________________
______________________________________________________
Previous Trade Experiment:
Tuesday February 6 at 13:45 ET
Re-enter Trade Experiment #338A Sell EUR/USD at 1.2963 at the higher price of 1.2988
Because the stop on Trade Experiment #338 was very small and we entered prematurely, we were stopped out. This second attempt has a better chance of success. The time of day (later in the New York session)is also on our side.
Stop is 1.3012
Target is 1.2850
Risk is 27 pips
Reward is 135 pips
RRR is 5.0 to 1
Confidence level: good
Accuracy: good
Reward / Risk Ratio : good
For research purposes only.
_______________________________
_______________________________
Previous Trade Experiment:
Tuesday February 6 at 11:45 ET
Trade Experiment #338 Sell EUR/USD at 1.2963
Stop is 1.2983
Target is 1.2850
Risk is 23 pips
Reward is 110 pips
RRR is 4.8 to 1
Confidence level: good
Accuracy: good
Reward / Risk Ratio : good
For research purposes only.
EURUSD Wave hypothesis : Wave 5 down of a larger Wave C of an even larger Wave 4.