
This was taken 8th April. This was a W.3 breakout trade. When the market was ranging i set the SL to breakeven. Hence this was a breakeven trade.
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:)

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.
Took abit of time off. This taken on the 7th april. Well back to the drawing board ( This was in the demo). Entry was slightly above the 61.8% fibo. Lost 155 pips. Wrong analysis. Lesson learnt: Define Risk ( i.e i am willing to lose 100 pips per trade.) Hence this trade i would not have taken as the RISK is too much to handle.