Market Commentary: READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS YOU CAN COMMENT ONLY FOR DOUBTS IN LEARNING EW AND NOT FOR ENTER OR EXIT IN THE TRADE OR ASKING ME OR SUGGESTING ON WHAT U TAKEN, ACCORDING TO YOUR ANALYSIS. All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count or update. Make sure that old one was invalid or possible or alternate wave and the new one is valid. Good luck and cheers. This is a educational post only...my ambition is to create a awareness to the traders who lose the money and treating like a gambling...this is a pure business and not only buy and sell apart from that we have to fine tune ourselves in various part of trading...cheers once again.
My style and strategy is.... Wycoff, Elliot, Gartely, Dow and Gann are the legends in this trading markets...I didnt read anybody's book till now...i know the rules of Elliot waves and i practice that from 5 years (2 year as a fulltime) and i start to earn money now. The above 5 legends are in different styles...but everybody succeeded in their field. Thats why we are followers of them. Every theory has a + or -...that mean nearly 60 percent + that is a success in this field(for me).So take that success ratio, and if the 40% failure in market we can recover or minimize the loss because of 60% success. (So, 60-40=20% is your success in 100%) While I analyzing the market, i found approx 10 tradesetup( max limit trade setup) and i posted them all...why i am entering into the market and the reasons...in that 10 trades only 5 trade setup may trigger and the rest 5 will be invalid setup.
In that 5 tradesetup only 2 tradesetup will hit the TP and remaining will hit the SL. (if 5 stophits means 5% is loss..till now not happen) So in deep... my risk reward per trade is more than 2%(1:2 loss 1% and profit 2%) so finally in 2 tradesetup i earn 4% and 3 tradesetup loss 3% remaining 1% is my PROFIT out of 10 tradesetup. So if u follow me u need to take all trade setup...then only u can earn 1% from your capital. So dont follow me blindly. The wave count done fully manually by me and it can change anytime according to the live trading price action.Dont bias on this trade idea and the wave count. Following is not that much easy. So, try to learn and create your own strategy and earn. I am not responsible for any losses. Thanks lot.
In that 5 tradesetup only 2 tradesetup will hit the TP and remaining will hit the SL. (if 5 stophits means 5% is loss..till now not happen) So in deep... my risk reward per trade is more than 2%(1:2 loss 1% and profit 2%) so finally in 2 tradesetup i earn 4% and 3 tradesetup loss 3% remaining 1% is my PROFIT out of 10 tradesetup. So if u follow me u need to take all trade setup...then only u can earn 1% from your capital. So dont follow me blindly. The wave count done fully manually by me and it can change anytime according to the live trading price action.Dont bias on this trade idea and the wave count. Following is not that much easy. So, try to learn and create your own strategy and earn. I am not responsible for any losses. Thanks lot.