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
32nd trade
This was just taken @ 1940hrs on 19th april. Its on EURUSD 15 min entry @ 1.3438 TP @ 1.3654 and SL @ 1.3330. I hesitated on taking this trade but just controlled my emotions and took it, probably the 1st trade of the week (30th trade) was a loss and it hurt my confidence abit. But i am in so lets see how this goes.
This trade was set to BE @ 2300hrs 19th april.
Set to 1.3448 @ 1420hrs 20th april.
Well this exited with a 10 pips profit. due to moving of SL to protect profits. A win is a win but i am not satisfied as the risk to reward is not there. Well i am trying to research more to grasp a better exiting strategy.
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