I have started this to help myself and others who are interested in Elliott Wave theory in relation to FOREX trading. I will post my trades taken and the profit targets and stop losses as i take the trades. Hope to learn more and teach more. (DO NOT TAKE THIS AS SIGNALS i do not give signals. Even if you take the trades i am not responsible for the winning and losses:)
“Many of life's failures are people who did not realize how close they were to success when they gave up.”
- Thomas Alva Edison
- Thomas Alva Edison
Thursday, April 8, 2010
18th trade
This was taken 8th april. A breakeven trade. Entry was between 50% and 61.8%. STICK TO THE RULES....which i didn't. But nevertheless the risk was 43 pips and the reward was suppose to be 86 pips which was hit but i did not exit as i waiting for the profits to run. But a good thing was when the trade was in profits of 43 pips (100% of risk) i set the stoploss to breakeven, hence when the trade retraced, i did not lose. Well not bad.
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