How large a position should a trader take? The risk on a single trade should never exceed 1 to 3 percent of the total portfolio size. Thus, at 1 percent, for every $5,000 a trader has in a trading account, he should risk only $50 on each position. For example, a trader with $10,000 in his account can take either two trades where the risk is $50 apiece or one trade...
If you have a well structured impulsive count and after a strong upward movement comes on the market ranges and take the form of a triangle then you know you are in wave 4 and therefore you must expect the market to continue the trend of momentum to complete wave 5 and a cycle. Contact me if you need more detailed hourly chart with everyday updates!
If you have a well structured impulsive count and after a strong upward movement comes on the market ranges and take the form of a triangle then you know you are in wave 4 and therefore you must expect the market to continue the trend of momentum to complete wave 5 and a cycle. Contact me if you need everyday updates! Daily view of Dollar Index
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The Wave Principle helps to identify these high confidence trades in place of lesser confidence setups that traders should ignore. Remember, five-wave moves determine the direction of the larger trend, while three-wave moves offer traders an opportunity to join the trend.
If you have a well structured impulsive count and after a strong upward movement comes on the market ranges and take the form of a triangle then you know you are in wave 4 and therefore you must expect the market to continue the trend of momentum to complete wave 5 and a cycle. Contact me if you need more charts with everyday updates!
Corrective waves offer less desirable trading opportunities because of their potential complexity. Impulse waves are trend-defining price moves in which prices typically travel far. Conversely, corrective wave patterns fluctuate more and can unfold slowly while taking a variety of shapes, such as a zigzag, flat, expanded flat, triangle, double zigzag, or...
The same questions as for previous chart with AUDJPY. What do you see on this chart? Please leave comments with your thoughts and charts with analysis. For help, please see my related idea for AUDUSD -0.06% (link is below). If you need help in Forex learning or Elliott Wave Count, contact me without doubts. Thanks!
The Wave Principle helps to identify these high confidence trades in place of lesser confidence setups that traders should ignore. Remember, five-wave moves determine the direction of the larger trend, while three-wave moves offer traders an opportunity to join the trend.
Two trade setups: 1) First one has Risk Reward = 1/30 (for risky traders) 2) Second one has standard RR = 1/2 Which option do you choose?
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The next pair I would like to share with you - GBPUSD! This chart is very easy, simple and clear. We are still in uptrend, but reversal will be happen very soon. Stay tuned! Don't hesitate to like and comment, it really helps and motivates me
Base channel. The base channel contains the origin of wave one, the end of wave two, and the extreme of wave one. The base channel is most important, because it defines the trend.
The most important analytical and trading rule: Let the market commit to you before you commit to the market. In other words, look for confirming price action. Unwise to take a trade without confirmation of a trend change. Put your questions here, thanks for likes and support. Visit my website and learn about daily Elliott Wave Count!
This next chart shows bullish version of trade setups. In each, waves 2, 4, 5, and B are trade setups that introduce the four primary Elliott-based trading opportunities. These corrective waves offer the trader an opportunity to rejoin the larger trend. In such trend trading, a trader buys pullbacks in uptrends and sells bounces in downtrends. If you want more...
What Risk Reward (RR) do you use in your trades?
Spend 2 minutes for this chart, please What I see on this chart: 1) Actual Elliott Wave Count 2) Trend channel (two options: red and blue lines) 3) Down trend 4) Resistance level (yellow) 5) Pinbar 6) 50 & 200 EMA resistance That's why important to have everyday update for Major Forex Pair. Nice opportunity for those who have trading plan. Join to my service to...
The easier chart, the better. Bitcoin supports the trend ot Trend support Bitcoin? How do you think?