If using my actual trade calculation, these 2 trades combined to give me +1113 pips!
Here's how the 2 trades broke down:
1. Bought @0.70011 (see Related Ideas: "TRADE: AUDUSD: BUY@.70011 Waiting wave (B) Finish. Done")
TP2= +376 pips
TOTAL: +648 pips
2. Bought @0.69497 (see Related Ideas: "TRADE: AUDUSD: BUY@0.69497 G-Zone Reversal + C Point of bat")
TP1= +221 pips
TP2= +324 pips
TOTAL: +565 pips
I show these calculations to illustrate the exponential power of having a good trading plan with sound money management. These are actual pips that I've made on this pair on these 2 trades and are not demo trades. This is why I keep saying YOU MUST HAVE A GOOD TRADING PLAN and stick to it!
Anyway, I've closed these 2 trades and am now looking to go SHORT upon this #2 having been completed. I am now looking for PA to tell me when is a good time to do so. In addition, as of the time that I am posting this, prices have not yet gone past the MAX C point I have located for the smaller so that smaller is in play until the MAC C point gets broken.
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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Year-to-date Profits: +5,794 pips.
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