DonkeyTrades
Short

it apears to be a double zig zag correction that has ended with

FX:EURUSD   Euro Fx/U.S. Dollar
148 23 2
it apears to be a double zig zag correction that has ended with the start of a new cycle
moneymaking
2 years ago
Hey DonkeyTrades, I am bit confused about the stop loss. Is the stop loss at 1.24330 or at 1.24471? Just need some clarification.
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DonkeyTrades moneymaking
2 years ago
1.24471
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moneymaking DonkeyTrades
2 years ago
Thanks. I took the trade. Good luck Trading!!
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DonkeyTrades moneymaking
2 years ago
sweet, trust me elliott wave is king!!!!!!!
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DonkeyTrades moneymaking
2 years ago
i took the trade too, even with a loss not a big deal, trading with such a better risk reward
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moneymaking DonkeyTrades
2 years ago
Exactly, the good risk-reward involved is why I also took the trade. Good luck to you!!
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moneymaking moneymaking
2 years ago
Also Thanks for sharing !!
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chrystael
2 years ago
Nice trade but doesnt mean Elliot wave is the king.

Akil's gold also went as predicted.

However nice analysis made by you using elliot wave.
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moneymaking
2 years ago
Stopped out for small loss, not a big deal. Have a great weekend!!
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DonkeyTrades moneymaking
2 years ago
ya me too. i am going to do another chart in a min
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DonkeyTrades moneymaking
2 years ago
i took a deep deep look at the eur/usd, not quickly. i think this is the ticket too $$$ alot of people go flat on their positions in december, for tax reasons. very very very good trade
Risk 107.9 Pips Reward 334.8 Risk Reward Ratio 3.1
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moneymaking DonkeyTrades
2 years ago
Thanks for another good Trade. Good Luck Trading!!
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chrystael
2 years ago
Sory your Elliot wave has failed. Have you seen how it is? That is market for you irrespective of what ethkd you use.

At least if you had seen the pattern i predicted you woukd have gotten atleast 500 pips f not 1000pips in pocket with a small stop loss as usual for my patterns.

Finally, one trade isnt enough to say Elliot wave is nit good. I know it to be very goos if you can catch the third wave and can kniw the first wave.

Wishing you more luck
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DonkeyTrades chrystael
2 years ago
elliott wave is good, elliott wave is king. the mistake i made was was in identifying the first new wave. it was actually a diagonal sort of pattern that was completed with 5 waves. another mistake i made was the size of the new pattern, obvious to me now that it should of and was bigger than expected.
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chrystael DonkeyTrades
2 years ago
Good. What you just said is in line with what i and Akil said. Idenifying the first wave correctly. It is best traded after the waves have ckmpleted cause you are bound to make mistakes.

However, please try more to identify the first wave correctly next time.

Good luck to you man.
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DonkeyTrades chrystael
2 years ago
i do not think akil trades elliott wave, if he does he keeps it hush hush. i could care less about harmonic patterns. i have recently graduated to elliott wave
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DonkeyTrades chrystael
2 years ago
i think you might be mistaken as to my trading approach. what i am talking about has nothing to do with XABCD harmonic patterns. whatever you an akil said, i doubt it has anything to do with what i was talking about. i am still learning how to identify proper elliott counts. however akil's remark that the problem with elliott wave, is that 50 people could come up with 50 different wave counts. that is simply an exaggeration or a cop out. experienced elliot wave traders rarely come up with more than 2 wave counts, on any particular time frame.
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chrystael DonkeyTrades
2 years ago
Save your strength. Make a new prediction. I am waiting to join you if it trades well. Like i said at time i do usr elliot wave count to add up to my confirmation.

One again. More luck brother
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DonkeyTrades chrystael
2 years ago
i already did make a new chart, its been on my page since yesterday. let me explain a little something to you. i have allot of experience with harmonic patterns. harmonic pattern trading is a joke. the only wave i would use them anymore, is to point to the end of a wave or correction. the only way to trade them, is small stop losses, and consistently trade the same currency pair or instrument, so you can catch the percentage of winners. to much draw down, meat grinder trading. so dont try to come across as if you have found the holy grail, and that i am uneducated. trust me when i say, elliott wave is king, harmonic patterns are a joke.
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AlphaxRx
2 years ago
ABCD is use as counter-trend, and not as main trend. Your chart looks wonky
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DonkeyTrades AlphaxRx
2 years ago
LOL I THINK YOUR WONKY
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DonkeyTrades AlphaxRx
2 years ago
ITS NOT AN ABCD ITS AN ABC, DUH
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AlphaxRx DonkeyTrades
2 years ago
Just an observation. Not to stir up an argument. Take it or leave it. =)
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