Hi Guys , thank for such a great time today. As you have learned wait for the flag then sell. Make sure you have a tested strategy to sell breakout. If my analysis is correct this could be a big move down. If not it will be a nice correction of the up trend either way i will sell.
Have a nice weekend
Thanks for your support.
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@JavierFX15, I like the actual book - paperback - less than $25 amazon.com here in US - well worth it. Elliot Wave Principle by Frost and Prechter. I then mark the pages to learn corrective structures and keep my own notes sheets and drawings and things I think are different in forex all in this place. If you are serious about wave theory it is a small cost to get the book itself. just my 2 cents..
@docholliday, Even though I am new to this exciting FOREX world, I think Elliot wave theory is the way to go. I appreciate your advice and, I am working on it. I hope this 2 cents I can turn them thousands! :)
I love how you criticize and point out our mistakes!! Please keep doing it!! We only learn from our mistakes and find ways to improve!! Thanks for all of your insight from your webinars and your charts on here!
Looks nice - this pair and UJ have to correct at some point even if they are to continue to upside. the A wave down in the correction may be a really nice one so we definitely want to catch them! watching closely - thanks for another nice chart sir!!
Very nice Trade Setup, Thank you for sharing your view and idea.
I have similar view as well on USDCHF short @https://www.tradingview.com/chart/USDCHF/0jjGK2ct-USDCHF-ONE-HOUR-BREAK-AND-RETEST-SHORT-TRADE-SETUP/
@Nescus, even if he lost the trade ,at least he had a plan and he followed it. He had the guts like a real trader to show us all. You should take a page from his book and show us your charts if, of course, you have what it takes to do so, if you can't then please, don't be a .....