Pedro's Journal !

[acceleratum]

This one hurt a bit, entry and addon rented, gotta stick to w4 and w5 entries, or close sooner.

[immy]

this in my opinion was a blind trade I'll explain how and why in skype when you're around ...

but quick notes: fruit is a method of catching "terminating waves"... that being true, you have to gather up as much evidence to support that idea.
you can have a look at the lower TF to calculate waves within the waves and more importantly try to see if it also coincides with either a terminating corrective wave or even a terminating impulse wave.

actually i'm already explaining it here now ... oh well lol

(Now for the eur/gbp because its a derived pair i.e. eur/usd and gbp/usd you actually can get help from 2 other charts but that would make it too complicated and not really required).

the weekly chart is a must in this regard. and since its D1 charts you have plenty of time to look. Lets see where is your signal within the Wave function on the CTF and then where does that wave fits within the W chart. by taking short trade here, as per the look on W chart, it appears you're "predicting" that that the 5th wave of that chart is terminating here.

now this should be pretty clear to you. If i don't get such kind of confluence and confidence I don't take the trade.

Having said that, you can't just change your method as a result of a rent trade.

[acceleratum]

Yes I can do that analysis , I am following the method i demo before and that didn't take into account the waves , I added the ewh for the numbers on this batch and Im trying to pay more attention to it.

[acceleratum]

small win exit following green line.

[acceleratum]

Figured the wave was done as pretty close to tz1 and took the btrap fruit, unfortunately fomc boosted the market and rented.

[acceleratum]

Breakout and addon, tighten sl below counter fruit and exited for small profit.

[immy]

Would you believe you'd be getting that many trades on D1?????

[acceleratum]

of course theres several trades every day in this daily case every week

[immy]

Hey peds... hope you're fine...

i wonder if you're long EUR/AUD?

[acceleratum]

yes I am, addon just kicked in on box break. its my only campaign atm.