In the exchange rate we expect a local double peak within a day. We are trading the resulting BC wave structure. The BC wave structure target price is 1.1551
Trade active
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Stop level adjustment from 1,1668 to 1,1653
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Stop level adjustment from 1,1654 to 1,1645
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Stop loss level adjustment from 1,1645 to 1,1641 A STOP LOSS break-even. The initial risk is zero.
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Trading position closed. There is no profit, zero loss.
Trade closed: stop reached
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The short position was closed with a 1% loss.
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The last picture was wrong I should not have been here.
Just a question. How did you come to determine the B and C point in your diagram sir? I would appreciate your insight. Thank you
meszaros
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@ujmandhania, This system I use is a backtest system developed over almost 10 years. The basic essence of wave analysis is. This is combined with fractal computing and ATR based calculations. I'll answer your question. The BC wave structure is due to the recent fractal wave of a similar ATR structure in the exchange rate. The exchange rate now builds a similar formation.
meszaros
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@ujmandhania, Future analysis is a small part of my trading. The other key element is a stop level management and a more complex money management. I will also include these on this page. LIVE will indicate that this is a sharp deal and dealel trading.
ujmandhania
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@meszaros, Thank you. It would be great to learn. I look forward to gaining further knowledge