We got 7 swings drop from march highs. After that we got a 5 wave advance to complete wave (A) of (X). Wave (B) of (X) was a flat that ended at 27th of june. Wave (C) of (X) is made up of 11 swings, and we are in now the last of those swings.
i have sold gc at 1.829 and now it is almost 200 pips up and i am 200 pips down. what cold you suggest
traderWgun
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Well, you have to look at the reason why you first sold. Is your rationale still valid?
At which point will your rationale be invalided? My count will be invalided at 1.8650.
kmk.msp
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thats was my big mistake. how much there is probability that it will come down to 1.828 level
dojitrader
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IF --- I may interject ~~~~
The Number One Question a trader should ask himself =
The FIRST question before you enter any trade is:
Where am I wrong and how much will that risk ?
The answer to this will keep you in the game over time.
Wishing you lots of pips in our pocket !!!!!
kmk.msp
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THANKS DOJITRADER
traderWgun
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Great replay!
traderWgun
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From an EW perspective, the move is very corrective, so we will probably move below 1.82,
but we could go higher before lower.
davidchalker
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My response would be; Did your trade rules tell you to take this trade? Did your stop follow your trade rules? Did your lot size follow your trade rules? Has the time cycle passed for this trade? If you followed your rules and the cycle hasn't passed, then you have executed well. Sometimes we execute our trades well and they do not perform. There will be another trade another day because your account should be able to withstand any trade you place. Your account should be able to withstand any 30 trades you place.