Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0. .6XA
Entry(limit order): 0.7XA
Stoploss(stop order): 0.9XA
Target(limit order): 2.5 to 1 RR if entered with limit order. It is greater now because of delayed entry.
First bar in history: 1999/01/04 9:00:00
Total patterns found: 17
Number of winners: 9
Average winner: 25.4 pips
Probability of win: 52.94%
Average RR: 1.14
Hello, nice picture. To my mind Elliot waves approach need a bit more history to calculate cycles precise way, don't you think?
Hello. Thank you for your comments. Congratulations on taking targets.
My decision in trading is based on probabilities. I don't consider my decision to be wrong only because of result. There was a 52.9% probability to hit a target which was 2.5 times greater than the risk. It was extremely awesome trade opportunity.