Mistake for 12 p {image}
{quote} What was the mistake? Technician: A correction is composed of at least three waves of the same degree. There was only one. Psycho: impatience Tip: 90% of the time not just one trendline for the price reversed. Trader: Search probabilities of high grade. Quiet. Mistakes are pips for the future.
{quote} Hi, small loss in USDCAD and nice profit in US30. Enough for me. {image}
Patron could you be so kind and comment this last four trades I made. As for me was: 1st - 5 waves on m1, fibo 38, but I was waiting for corrective wave so it should have 3 waves, so do I should have to wait for 3 waves on m5? 2nd - I thought that was 3 waves on m5, fibo 38 , bullish engulfing 3rd - 3 waves on m5, divergence on awesome m5, fibo 50 , bullish engulfing 4th - I've just added position to the THIRD one, with same reasons but better price. You don't have to comment it
{quote} It is a very complex wave, there will be many ways to read. I do, more or less as follows. We could talk about the alternation (if the first is a zigzag, the other is likely to be a flat correction) between wave 2 and 4. We could talk about accumulation (wave 2) and distribution (wave 4). We could talk about fibo 50 is primarily in wave 2, and 38 fibo occurs frequently in wave 4. I think the trader can here use their smell, their experience, and a good divergence of a momentum indicator, or use the Chartism, which gives more late entries....
{quote} Without complicating it would be... Which entry from this 4 I made is the bestand why? To your mind of course.
{quote} The 4 is clearly the best because it originates in the lower bollinger band, because it does a mini-pattern of return (double bottom). Just had to wait the price action with pattern 123. {image}
