Yes, congrats, also your EUR forecast was totally correct.
An effective strategy and account with stable profit!
- #325
- May 18, 2016 8:42pm May 18, 2016 8:42pm
- Joined Jan 2011 | Status: Senior Trader | 1,475 Posts
Bulls are stupid Animals!especially when Im short!
Congrats to you! Seems like a solid strategy there, if you trade with the trend, how do you know which fib level to enter?
Combined with the Elliott theory, we can say that if the fifth wave finished at Fibo level, this level does not break
The forecast on UJ. We can see that now the wave 5 and is likely to further decline to the level of 61.8. At the same time, now the price stops at the support level of 109,319. Thus, the second scenario could also be as a rebound from this level and rise to 110,605.
If I opened a buy position, my take profit would stand at 110,605. stop loss below 109,319. If I had opened a Sell position, then take profit - 61.8 Fib level, stop loss - 109,830.
This is an example of how I would analyze the market at the moment.
If I opened a buy position, my take profit would stand at 110,605. stop loss below 109,319. If I had opened a Sell position, then take profit - 61.8 Fib level, stop loss - 109,830.
This is an example of how I would analyze the market at the moment.
EU shows willingness to decline further. Recall that now W1 can be seen within the framework of the consolidation of the rectangle. At the same time, growth is possible and within the framework of the current uptrend. If there is a decline, then I suggest to such a model of the five-wave Elliott with the action of the Fib levels.
The forecast on GBP / USD. Now comes the formation of wave 3, in this case, it is possible to further the formation of waves 4 and 5 (In this case, the wave 5 will reach 23.6), but possibly rebound from the lower border of the trend and increase resistance to 38.2 {image} {image}
