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Making 100% profit Weekly

  • #41
  • Oct 14, 2016 9:11am Oct 14, 2016 9:11am
Quoting 5aztv88
{quote} how do you define wave 3 ? after definition of wave 3,where is the exact point of entry?
Yes exactly, how you define wave 3? And I think the elliot wave pattern are different on each timeframe.... Or do you use some trend strength indicator like adx?
  • #42
  • Oct 14, 2016 1:11pm Oct 14, 2016 1:11pm
Quoting IPMan
{quote} Yes exactly, how you define wave 3? And I think the elliot wave pattern are different on each timeframe.... Or do you use some trend strength indicator like adx?
He said he uses Renko charts, which makes timeframes irrelevant.
mind over matter
  • #43
  • Oct 14, 2016 1:21pm Oct 14, 2016 1:21pm
Good luck next week, jereajali

Looks like I took some of your GU and GJ pips today, sorry
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mind over matter
  • #44
  • Oct 16, 2016 4:42pm Oct 16, 2016 4:42pm
Jereajali, I get the 3 wave point, and using my own indies, should I choose, to help with direction. My question is; If all indicators point short, you then like to enter on break of "Wave 2" retrace point?

This it what I believe you are saying?
Thanks,
Darryl
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  • #45
  • Oct 16, 2016 6:36pm Oct 16, 2016 6:36pm
To wave or not to wave...?

AUDJPY short; nice start of the week
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mind over matter
  • #46
  • Oct 17, 2016 6:39pm Oct 17, 2016 6:39pm
Very nice moves on GJ and GU; was trying to join the GJ party, but got kicked out @BE.

EURAUD was much kinder though
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mind over matter
  • #47
  • Oct 18, 2016 4:33am Oct 18, 2016 4:33am
Quoting diamonddbw
Jereajali, I get the 3 wave point, and using my own indies, should I choose, to help with direction. My question is; If all indicators point short, you then like to enter on break of "Wave 2" retrace point? This it what I believe you are saying? Thanks, Darryl {image}
Sorry for the silence, i could not enter this thread nor comment in it for days now. Maybe i was restricted cos of the EA i posted in page 2. i think i should not have done that as this is only a trading journal . i try to enter wave 3 at the start of wave 3. i don't enter at the break of wave 2.
i have tried to start trades with a trend, now i prefer to follow the trend
  • #48
  • Oct 18, 2016 4:41am Oct 18, 2016 4:41am
For Example.
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i have tried to start trades with a trend, now i prefer to follow the trend
  • #49
  • Oct 18, 2016 5:08am Oct 18, 2016 5:08am
News in 30mins time. My trade is not safe yet(break Even), better i exit.
i have tried to start trades with a trend, now i prefer to follow the trend
  • #50
  • Oct 18, 2016 5:30am Oct 18, 2016 5:30am
Quoting jereajali
{quote} Sorry for the silence, i could not enter this thread nor comment in it for days now. Maybe i was restricted cos of the EA i posted in page 2. i think i should not have done that as this is only a trading journal . i try to enter wave 3 at the start of wave 3. i don't enter at the break of wave 2.
++++++++++++++++++++++++++++++++

Thanks. Are you using the fib as one indicator?

i.e.: After identifying waves one & two, it looks as if using the 50% retracement could be a good general rule for trying to pick up wave three.
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  • #51
  • Oct 18, 2016 5:44am Oct 18, 2016 5:44am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ Thanks. Are you using the fib as one indicator? i.e.: After identifying waves one & two, it looks as if using the 50% retracement could be a good general rule for trying to pick up wave three. {image}
Sometimes it gets to 50% at other times it exceeds or doesn't get to it. i am alert to identify when wave 3 resumes the trend. that is where i enter.
i have tried to start trades with a trend, now i prefer to follow the trend
  • #52
  • Oct 18, 2016 6:04am Oct 18, 2016 6:04am
i was about recommending an ebook i read some years back that trades wave 3 with only Fibonacci. But i have forgotten the name of the ebook, at such it is hard to find. maybe someone here can help with suggestion to help me remember. in this ebook, they author uses new sets of Fibonacci numbers to form a Fib channel that price must pull back to and break out from before entering a wave 3 trade . Please help my memories. Hope am making sense.
i have tried to start trades with a trend, now i prefer to follow the trend
  • #53
  • Oct 18, 2016 2:16pm Oct 18, 2016 2:16pm
GJ could go anywhere from here and I have no intention of paying the swap; was aiming at 127.50-ish for a cheeky scalp, but clearly it's not cooperating.

Great trading today, jereajali
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mind over matter
  • #54
  • Oct 18, 2016 7:38pm Oct 18, 2016 7:38pm
Thanks Kosmo. My snipping precision is getting better.
i have tried to start trades with a trend, now i prefer to follow the trend
  • #55
  • Oct 19, 2016 5:23am Oct 19, 2016 5:23am
News in 6mins time and i am not yet on Breakeven. i don't like it.
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i have tried to start trades with a trend, now i prefer to follow the trend
  • #56
  • Oct 19, 2016 5:51am Oct 19, 2016 5:51am
Targetting 88.6% fib.


This is actually my 2nd trade using this strategy. First one closed at TP +7pips.

Let's see.
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Trading is not for everyone.
  • #57
  • Oct 19, 2016 7:07am Oct 19, 2016 7:07am
Both would have given me 25-30pips each if I didn't hesitate to pull the trigger....
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Trading is not for everyone.
  • #58
  • Oct 19, 2016 7:15am Oct 19, 2016 7:15am
Whahaha this is fun! TP'd on both.


Thank you jereajali for sharing your style.
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Trading is not for everyone.
  • #59
  • Edited 10:54am Oct 19, 2016 8:41am | Edited 10:54am
CJ short under way, after BOC Poloz hinted at more stimulus... I don't mind
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mind over matter
  • #60
  • Oct 19, 2016 8:54am Oct 19, 2016 8:54am
Quoting kosmo
CJ short under way, after BOC Poloz hinted at more stimuls... I don't mind {image}
...and done for the week.

Good luck with hitting your target, jereajali
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mind over matter
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