I hope you boys like this. We have seen a lower low on the 4hr and now a bullish flag. Going to use the elliot for a good RR ratio with 2 positions. 115 seems to be a comfortable number for wave 3 on this pair which is also 1.618 of the first wave down. Final wave also seems to be another solid horizontal key number which tends to be 2.618. Stop loss will move to break even if TP1 hits. Good luck and ideas always welcome! :p
Trade active
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Looking great so far. I am still holding. I want to correct my chart. I said "bullish flag" when it should have said "bearish flag"
Trade active
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TP1 Closed. Move stop loss to break even. We've already made 220 pips and 200 more to go risk free :heart:
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sydneyfide
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@minthooka, i was riding the wave, but fear got into me and i got off too early. i'm hating myself right now. Nice work indeed.
minthooka
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@sydneyfide, NOOOOOO lol TP1 has hit and TP2 is almost there 220 and 420 pips. This was great. Once TP1 hit I moved my stop loss to break even just in case TP2 doesn't hit. So far it looks awesome. Stick to your plan and try not to trade during the day. I always wait for the day to finish and never look at the small time frame price action. Stick to the plan. Thats why we have SL and TP. :p
sydneyfide
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@minthooka, Noted, that's what i will do from now onwards. Nice work, u rock and all the best for today's trading session.