3 Drive Also Saying Short ???

FX:AUDJPY   Australian Dollar / Japanese Yen
85 6 2
This 3 Drive looking pattern is fairly symmetrical and harmonic .
It also matched fximperija's Gartley and Crab chart for
a short around the 96.00 area
It might even go along with traderWgun but I haven't found
the update I thought I recently noticed.
Stops might be problematic for price action could easily test
the recent highs @ 96.50
I think I'll let the candlesticks help me figure stops around the .886 fib
with an eye toward re entry, if I'm stopped out to early.
(I just don't have enough bullets to sweat with large stops)
this is great!
Wait a minute ! What's this ? I've seen it before - it's on the tip of my
tongue . . . I know, it's called profits ~~~~~~~
It Has Been A While
First target hit for about +80 pips and moving stops to +23
on the balance, which was the first point of rejection
Hope this is the beginning of the end for my drawn down period.
The only good thing about that is my tight risk management means
a draw down for me is more an absence of profits than a big
loss of principal.
Target 2 awaits ~~~~~~
As hoped for, the candlesticks, shooting stars on the 2 hr and 1 hr charts
and the .886 have yielded a very nice entry. Stops are still @ 96.167
This trade has me thinking that trading is like golf. It only takes one perfect
shot and you'll be back to try again.
{{Don't you just love it ! when it all comes together so perfectly}}
Profits would be a nice topper.
Psychologically, I still need to work on the feelings I'd rather be right
than profitable. (seems crazy but true for me. Any one else the same ???)
I think we will see a bit of action to the upside at your trade entry, from the break-out orders and stop loss orders, and then the continuation of the move down like you jotted.
dojitrader FaultyKid
I hope so, my pocket could use a few pips !
FaultyKid dojitrader
I'm sure we all could, lol. Good Luck!
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