j_nathan
Short

EUR/JPY SHORT

FX_IDC:EURJPY   Euro / Japanese Yen
Elliot Bear Wave 5 could be in play.
Read chart notes and will update accordingly.

Enjoy.
Very interesting - EUR/JPY is flirting with a 2yr trend line in my active Elliot Wave study. If we break into the previous RLZ .618-.782 Fib Retracement of Wave 5 I am extremely interested to see how far and how fast this pair plays up or down.

A sideways pattern will mean all bets are off!

At this point I am expecting market manipulation into that RLZ 122.18-123.27 range or a flat out ripping down into the previous 1st stop 119.02, 119.02 which is flirting with a strong Wave 5 Bear into the 117.46-115.89 range.

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j_nathan j_nathan
@j_nathan, this is my last test account trade
I needed to see how these long studies play out in real time while learning how to wrestle in longer live FX trades for the big returns

currently have 3 orders in 500x @122.75, 122.74, 122.74

looking forward to the end profits (virtual) especially if we break 119.02 again

never trade against the big move, it doesnt work
Reply
j_nathan j_nathan
@j_nathan, last one

made about 80k learning a new trading platform
lst about 10 before that

get to know your software in/out, keep your emotions in check, have a trading plan, stick to your plan, know when to walk away and for gods sake if you trade without stops and take profit please dont come here anymore until you find god mentor to beat the bad habits out of your mind
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