Sandeep_Gupta published this idea:
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:
This trade makes me uncomfortable as I'm bullish the dollar
for the time being, so, it might just work out fine. ~~~~~~~
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:
This trade makes me uncomfortable as I'm bullish the dollar
for the time being, so, it might just work out fine. ~~~~~~~
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 ~~~~~~~
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)