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
Friday, April 30, 2010
trade 59
GBPAUD entry @ 1.6510, TP @ 1.6410, SL @ 1.6560. Well this was taken after i wrote the recap. This was a loser of 50 pips. i was confused about taking this trade, although it filled my requirements i was reluctant to take as it was about 3 hrs to closing. Well i still took it and So i am down 58 pips this week. Lesson learned, do not take a trade when confused (i encouraged FFXD not to trade when confused but i did it myself, guess the emotions were stronger than the will power, need to work on that.) or in the closing hours of the friday. :)
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