Although the 2 trrades this morning were in heavy drawdown, now we are back to a very little drawdown. despite that, a little profit was taken on the hedge position earlier. Hedging though is not recommended for those just starting to learn to trade ...

Elliott Wave Counting with EG

this morning when I wrote about price finding multiple support below it in the 1min, 5min and 15min..... I actually hedged my trades then. it had reached a possible total 15% increase in profit But I did not close it till I saw higher probability of ...

Elliott Wave Counting with EG

No offense taken there MN. I make my trades based on the wave count I think is developing.but I take validating signals from other tools to manage my risk. I switch between multiple timeframes so I can calculate my risk incase wave development does ...

Elliott Wave Counting with EG

-52 pips on each of the 2 remaining trades now. weekly shows possible bounce for a sideways move. but may continue down to complete next wave structure down. daily shows more down move 4hr possible down to complete divergence on the 1hr 1hr possible ...

Elliott Wave Counting with EG

out of the last short trade @+2. now holding 2 short trades. setting TP @ 1.5600 and 1.5700 just incase I get disconnected again. 1min, 5min, 15min and 30min show price moving sideways and likely to lead down. 'But 1hr and 4hours going for long ...

Elliott Wave Counting with EG

TP @+2 was captured for 2 trades. the 3rd one missed it by 2 tips to exit at plus 2 also nursing 2 short trades now which were used to hedge the long trades while price was returning to the top.

Elliott Wave Counting with EG

stuck on the 3 trades now. was only able to grab about 10 pips on that drop. setting TP at plus 2 and increasing my SL. If I am around to watch the trades, I will move my TP if it would seem to be better for profits. but if my connection conks out ...

Elliott Wave Counting with EG

Someone smarter than me should have taken profit in that brief run up. the 1 min was showing a possible move down for a possible retrace as I still have a bias for the upside. I still have a bias that 5min still lacks the internal divergence for a ...

Elliott Wave Counting with EG

Watching price on the 5min chart getting squeezed in what could possibly form a symmetrical triangle which is a corrective wave in EW. meaning higher probability of a breakout to the top. a failure though could lead to further move south.. watching ...

Elliott Wave Counting with EG

Sorry Ahmed I do not have oil on my charting platform. Cable price broke the channel on the 1min and 5min. I see divergence on the 1min that may indicate continued move up. Some scalpers may have taken advantage of the few pips available earlier ...

Elliott Wave Counting with EG

1min and 5min price is staying in a channel and is about to breakout of an area of indecision. 15min may show possible divergence but there are other tools that indicate that price may still be moving up in the short term EG waiting for 1hrMACD to ...

Elliott Wave Counting with EG

Weekly shows possible bounce on support But the daily seems to indicte a possible sideways move so a likely bounce too the 4hr shows a likelihood of a southward move The 1hr though needs to complete a move up and the 30min indicate a move down. but ...

Elliott Wave Counting with EG

Amat, your wave 1 and wave 4 are overlapping. that is only allowed in leading or ending diagonal triangles. I would use expanding diagonal triangles mostly on corrective waves and not on motive waves or sparingly on motive waves. I suggest to use ...

Elliott Wave Counting with EG

Price retesting PreviousDay or Friday's Low now turned Resistance plus a number of other possible resistance levels allowed me to make 2 trades south which I have now exited for a total of just 50pips. opportunity presented itself on the 15min chart ...

Elliott Wave Counting with EG

Yes price has reached 31.8% retracement for that possible wave 3 retracement leading to a possible wave 4. But I would be careful assuming that price is likely to go up now because in several of the systems I use, price has finally breached a weekly ...

Elliott Wave Counting with EG

minimum of 3% per month in earnings. I would consider myself very lucky whenever I get to double the funds in a month. therefore it is very possible. but a week or more so in a day to double an account, I would not count on that as I can not risk so ...

Elliott Wave Counting with EG

Taking a major hit today for a total of 750pips. an additional 10 pips per trade on each of those 3 long trades would have spared them. On the other hand, the hedge earned 310 by the time I was able to close them. So a total loss only of 440 pips. ...

Elliott Wave Counting with EG

was able to exit the last 2 trades I posted and made several (scalp trades) more after which earned but the last 3 is causing me a total of 226 pips draw down which is currently hedged. ( my broker is not in the US so I can hedge). hedged it when I ...

Elliott Wave Counting with EG

Weekly and daily are a possibility. The 4hour exhibits a leading diagonal triangle I view it as a possible "a" for your (1) and a "b" for your (2) I apologize for the above. This should have been "your "A" is a leading diagonal triangle. But I would ...

Elliott Wave Counting with EG

took off 1 and 2 more to go

Elliott Wave Counting with EG