dojitrader
Short

4th Wave Likely To Test Trend Line Break ???

FX:EURJPY   Euro Fx/Japanese Yen
210 3 0
One of the clearest, cleanest wave counts for some time,
so,
I'm suspicious as hell ~~~~~ especially, having missed
the most harmonic extended 3 drive in - how long ?
{{why does it seem like the best trades you see . . .
are the trades you've missed ? Psychology for another day . . . sigh !!!}}
Looking for the candlesticks to trigger a short entry
at the retest of the trend line break around 147.00 and providing
good stops, since, the trade is actually valid up to 147.85.
That's too big a stop for my low risk Psychology to handle
thus, I'll rely on the candles.
a = b @ 147.73 and is also the 1.618 of a
Harmonics like this does not last forever. Is now the time
to confound as many traders as possible and keep on going ?

4hr chart for longer term perspective
snapshot
Reply
Almost had a small evening star form this last hour only to reverse in the
last 10 minutes and move higher. A doji by itself without confirming harmonics
or support/resistance is only neutral/indecision. The candle at 147.00 should
be more important signal.
Reply
So far the candlesticks have kept on the sidelines, and,
I was just itching to pull the trigger, Damn !
Sometimes trades look to good to be true. I've seen many such perfect harmonics
simply fall apart just about the time I notice.
I'm sure there is an "observer effect" in trading just as there is
in physics where the very act of observation changes what your observing.
The set up is still valid until it hits 147.85, so, a short signal may still appear.
Reply
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