dojitrader
Short

What Kind Of Response Will .9000 Create ????

FX:USDCHF   U.S. Dollar/Swiss Franc
72 5 1
Sandeep_Gupta published this idea:
Gartley, Low risk trade opportunity

It that got me thinking about my 1 1/2 cents worth
{{Not feeling that positive for all 2 cents}}
So, I've combined the ab=cd he mentions with
an A = C and EW count that would place the 5th wave
right about the .9000 area. The question is how much of
a reaction will this bring should this be a 3rd wave on the larger
degree or a C wave which would bring a larger downside.
The risk is low which makes this enticing enough for me
if the wave count holds it's structure/symmetry.
hungvutrader has also posted this:
Idea#40 - Bearish bat pattern USDCHF

This trade makes me uncomfortable as I'm bullish the dollar
for the time being, so, it might just work out fine. ~~~~~~~
oby.mihing
2 years ago
look's make sense for me. it gives me another perspective
Reply
dojitrader
2 years ago
The good news is that price action provided a decent 4th and now 5th wave.
The bad news, for me, it that it happened on a Friday. So, I'll close this at some
time during the day and not hold it over the weekend.
All the geopolitical turmoil could easily make this 5th wave extend well above the stops.
I'll try to re enter on next weeks open.
Have a good one ~~~~~~~
Reply
najibmulik
2 years ago
It shows that you are a Musician...... Mr. Perfect....!
Reply
dojitrader najibmulik
2 years ago
Guilty as charged !!!
It's the only way my psychology will allow me to make trades
with confidence. Plus the positive statistical probabilities are maximized.
I closed this near the end of day for a whopping 20 pips and will
look for an opportunity to re enter somewhere around the open.
(the "sort of" shooting star is very enticing and confidence builder)
Reply
najibmulik dojitrader
2 years ago
I will also try this opportunity....
Reply
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