Long term forecast
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Rough game plan
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No deeper corrections yet
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End of first wave down
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possible end of second wave, looking to see the 382 for 270 extension and take profits on this move. First entry from 114, second entry from 112.08 since that was 382 fib trade and this would be the third entry.
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something very complex
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Something ever more complex
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this pair likes to make 3 waves
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Rare 5 wave structure
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need 16 hour cross
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100+ PIP PULLBACK EXPECTED ANY TIME NOW. 2 POSITIONS TAKEN OFF, POSITION FROM THE TOP IS STILL ON JUST IN CASE IT DECIDES TO DROP FROM HERE. ALSO HAVE A 4 PERCENT RISK TRADE FROM 111.70, STOP AT 114, TP AT 108
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Still expecting the pullback, limit sell at 111.70
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wrong chart above
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might have an entry at 50 percent as well but for now only one entry
1:1.3, not big at all but a very high probability trade in my eyes
1:1.3, not big at all but a very high probability trade in my eyes
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Next 10 years
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SOLD 110.75
Moral of the story : Never argue with Tom, its pointless
Moral of the story : Never argue with Tom, its pointless
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One more up possible to complete the corrective structure
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None-the-less we should expect the next impulse soon
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just looking to live with the entry at 109.08, deep correction is anticipated hence the stop is that big
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impulse is very sharp but I am still looking at that as a correction like we had in the a wave
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profit taken, now need to wait for the third wave
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First full hedge, needs a lot more work
Looking to close the long in a 100 or so pips
perhaps look for short entries from there
Looking to close the long in a 100 or so pips
perhaps look for short entries from there
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change in stops.
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nvm already in
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entry at the bottom
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lets wait and watch
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closed previous positions at 109.75
half percent on sharp pullback still has to break 110
half percent on sharp pullback still has to break 110
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moving stops to 886 is also a good idea, so risk in the trade would be 0.65 instead of 0.5 but very certain about one more up to complete the corrective structure
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LOL not that ^ but this
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possible but unlikely
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Now expecting one more down like i have shown, if it does i will buy 0.5 again because i am still expecting this to break the top without a single doubt
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0.5 percent position
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Expanding or running flat
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also have the cross for one down and now one up as well, should get the next impulse soon. Targeting only 108.62, since it can reverse for a bigger correction that I am expecting
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Maybe something like this
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Revised count
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counter trend trade, expecting a sharp move up
lets see if it gives one more wave for a flat then ill look to buy at the bottom
lets see if it gives one more wave for a flat then ill look to buy at the bottom
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second scenario
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sell now
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stop is actually at 113
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for the first position
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W wave is over, need daily cross to confirm the X wave
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Short term buys now
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Note to self- Focus on your own analysis
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