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
Monday, April 19, 2010
31st trade
AUDJPY long @ 84.20, SL @ 83.00 and TP @ 86.40. Taken on 19th april @ 1450hrs.
In this trade i am risking 120 pips in order to earn 240pips. If this goes bad its gonna hurt me hard but hey no risk no fun :) .
Well this was set to BE when the price reached 84.64.
SL moved to 84.50 @ 2300hrs 19th april.
SL moved to 85.20 @ 1335hrs 20th april.
SL moved to 85.70 @ 1550hrs 20th april.
Cool 240 pips, as targeted but this looks like its still going, might want to enter at the break of W.1 end again.
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