http://i1188.photobucket.com/albums/...123-9-9-11.jpg
On the EU over night the trend was up so I was looking for a down move. Price formed a high at 1 but did not retrace by the required 61% so no 3 was formed So nothing on the EU for me today.
On the GU was looking for a similar move. It did come but was a big move involving over 100 pips which caused my a lot of concern due to the big stop required. However I did, slightly reluctantly enter, but decided tlater on to get out with only a slight gain. About four pips. However if I had followed the rules the closing price would have been just in profit. Massive though today and I was probably lucky not to come out with a loss.
Thanks for your comments capstone. Any improvements you think I could make are most welcome.
Best regards
On the EU over night the trend was up so I was looking for a down move. Price formed a high at 1 but did not retrace by the required 61% so no 3 was formed So nothing on the EU for me today.
On the GU was looking for a similar move. It did come but was a big move involving over 100 pips which caused my a lot of concern due to the big stop required. However I did, slightly reluctantly enter, but decided tlater on to get out with only a slight gain. About four pips. However if I had followed the rules the closing price would have been just in profit. Massive though today and I was probably lucky not to come out with a loss.
Thanks for your comments capstone. Any improvements you think I could make are most welcome.
Best regards