Looking at the S&P Elliott Wave Pattern Structure First and Then Looking at the Risk Currency with the Best correlation and the strongest percentage gains against the dollar made the euro a good call In my opinion.Since the S&P runs inverse to the dollar and runs with Risk Currencies, I went long the Euro from 1.3450 with my stop loss at 1.3354 and will take profits at 1.367 on one unit and were Red C = 100% of Red C and I will take the other unit off the table at 1.39 just under other Fib levels of different degrees. Please tell me what you guys think.
Comments
FxElliottJunkie
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with two units going I took a profit on the first unit and was stopped out on the second for a small profit. I should have raised the stop loss on the second unit knowing the market correction was a lil deeper than expected.
FxElliottJunkie
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Stop loss meant to be at 1.3254 Just under smaller degree wave four of blue wave iii
FxElliottJunkie
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This is the Correlations I look for before making a decision,