I call this an intuition trade, after some thought I think we are at a bigger correction than I was expecting. Will post the chart below.
Tight stop
Price 6650
SL 6500
Target Above 7500
Tight stop
Price 6650
SL 6500
Target Above 7500
Comment:
The SL is at 6500, I drew the box wrongly
Comment:
What I am thinking is that we are at a bigger ABC correction like the one that happened at March 9-12. And we have just finished the B wave down and going up for the C wave to above 7500 before the bigger fall.
If 6500 is broken, we will go down.
What I am thinking is that we are at a bigger ABC correction like the one that happened at March 9-12. And we have just finished the B wave down and going up for the C wave to above 7500 before the bigger fall.
If 6500 is broken, we will go down.
Comment:
I do not trade elliot waves, but I use them to make sense of the market when I am confused.
Comment:
With the down move that surprisingly missed my SL by $1, everything is clear for me. There will be a continuation of the downmove, and there will be another push to 6900-7100 area where I will short for the down move to 6200 and below.
Price 6650
SL 6500
Target Above 6900
With the down move that surprisingly missed my SL by $1, everything is clear for me. There will be a continuation of the downmove, and there will be another push to 6900-7100 area where I will short for the down move to 6200 and below.
Price 6650
SL 6500
Target Above 6900
Comment:
Closed trade at 6900, now looking to short.
This was a lucky trade, price missed my SL by 20 cents, but even though I was wrong in my intuition trade, but I did not lose money, that is good enough. Now looking to short.
Closed trade at 6900, now looking to short.
This was a lucky trade, price missed my SL by 20 cents, but even though I was wrong in my intuition trade, but I did not lose money, that is good enough. Now looking to short.
