I canceled the previous trade because I think this is actually the count, and first wave up is complete. Therefore I am going to place orders just above 381 5 and 618 retracements, with a stop loss below 718, aiming for 1:1 third wave of the first wave
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First order filled at 26655
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All the trades have been filled, price has gone to between 618 and 718. its yet to be seen if this was a good trade or not
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Its nerve breaking as this ia relatively larage tradein comparison to my other trades of the day, whuich could potentially wipe my days profit, should I have adjusted the quantity accordingly, relative to the loss amount? this would result to around 160 $ loss, if its goes south
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adjusted the target to 27410, according to the new low of wave 2 so far
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seems like things are going according to the plan for now
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based on the low reached, target would be 27423, gonna keep it as it is though just in case
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woke up and changed the target for half of the position to the previoues waves high of 27070, which was filled in a few minutes
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did an internal count on 5 min charts and decided that id this is the count and wave 3 has failed to reach 1:1 extension of wave 1,its likely that wave 3 would not reach target of a.6 which is 27350, so changed the target for the remaining 5500 to then price of 27190 and closed the trade
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So far that target has not been reached, the high was 27276
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So that the avtual top of the wave, the original targets never met
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This ended up happening in the later hours