The in-depth analysis for this idea can be found below in related ideas in the latest video idea titled: EURAUD - Let's Take Another Look At This Long Term Pattern.
The general purpose for this long trade is based on the idea that we are looking for Wave (C) to complete this Wave D Zig-Zag.
Assuming that Wave (B) ended in Feb 2021 we are now looking for a move up in Wave 3 of Wave (C).
Hey Michael and everyone here I have been following here, since can't remember, before you getting on crypto train. I do really enjoy the old times youtube stream and some talking of conspiracy stuff, it's entertaining, fun to hear and be part the discussion. I have high regard of your methodology by no means trying to disregard it. I know you spent years to create it. I do believe strongly, at least used to be. But for the past many months, the outcome/performance just no where near the expectation. For example, a lot of recent ideas looks good on first sight, good RR, such as this current post. But it's just no where realistic with such big gap up or gap down. This type of setup is nowhere near "Trading" more like "Investing for 2,3,5 years down the road". Frankly, I don't know if anyone do setup like this with big gap, maybe central banks? Then there is no difference than buying any good asset now, buy in every time when you get a paycheck and cash out when you retired. Something is not working, in terms of trading or the approach, I do hope you realized that. At least from the perspective from a non-member but long time follower. Being said, do welcome any long time followers to continue the discussion.
Helena_FX
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Hideous idea, chances of this happening are 1 in a 10000000000