EverythingForex
Long

UPDATE #2: UPDATING 2 LONG trades: bagging some pips (+494 pips)

FX:AUDUSD   Australian Dollar/U.S. Dollar
791 1 19
I am posting an updated possible wave count here and I will be taking 50% of each of the trades off here and booking those +494 pips. I will let the other 50% of each trade continue to ride. Why am I doing this? Because in this wave ( iii             ) of 3 up, there was a pretty shallow wave ii of 3. Therefore, I am expecting a deeper wave (iv) here and want to go ahead and bag some pips profit. There is of course always the chance that I am completely wrong in my wave count and prices could take a dive here. So it's always good to go ahead and bag pips and put them in the bank after having such a nice run.

But if my wave count turns out to be correct, then I'll be looking to be a buyer again at the end of this upcoming wave (iv) retracement.

*DISCLAIMER:
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!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.
Trade Log: http://bit.ly/29AeqnC
Year-to-date Profits: +5,794 pips.
Weekly Best Bets Newsletter: http://bit.ly/2tlRdiW
Want results like this? Join us: http://bit.ly/29x4bfM
Devouring these charts!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out