First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the sort term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analysing the pair and labelling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
What is the invalidation or the sl in case I traded wave b now? Already short from 0.610 and added @0.6120.
Thank you for your efforts!
nmkvijay
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@AhmedOsama2020, invalidation is if it break the "a" wave high fib retrace for that"a" wave is 1.618 for irregular flat so u have to place the stop there...cheeers
AhmedOsama2020
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@nmkvijay, thank you bro . so it is 0.6170 . am I right ? please correct me if I'm wrong . cheers mate !
@AhmedOsama2020, b4 u taking the trade u must look he stop and target almost 1:1...its not the best RR...entry is 0.61 and TP is 0.6020-600 means 100 pips and STOP is 0.6205
AhmedOsama2020
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@nmkvijay, you are right bro. I won't repeat that again. We still valid right after this bounce right? So scary bounce
Marco_DS
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I'm short from 0.6120
nmkvijay
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My style of trading is different from others and I WONT PLACE A STOP...but ALL MY TRADES ARE UNDER MONEY MANAGEMENT ACCORDING TO MY ACCOUNT SIZE...i wont close the trades even in the BIG NEWS EVENTS OR SCHEDULED NEWS TOO...i am technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned past are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...
Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilites(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labelling according to the price action. All labellings and wave counts done by me by manually and i will keep chage according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Thank you for your efforts!