Flats appear in wave A only when it's A of another Flat, which might be this whole structure we are seeing now.
In which case price should not go below 1.5000
- or -
(Favorite) If the alternate count is correct then we might see price go down to 1.4970 - 1.4990. But not further than 1.4930!
In any case, do not try to catch a falling knife!
Wait for a confirmation of the upside move before making any long entries.
If you enter any longs now, use the appropriate lot size!
Depending on where you make your entry, it's a Rank 2 or 3 trade.
Pending order is Rank 2.
---------------------------------------------------------------------------------------------------------------
Good Risk Management is the key to success !
---------------------------------------------------------------------------------------------------------------
Ranking system for my trades
Rank 0, 1, 2, 3
0 = risk the most, it's when all stars are aligned, the gods love us. (very rare)
2 = our everyday trade
3 = risk the least, it's our least confident trade but could have a nice ROI if goes well.
Do something like this.
0 = 5% to 1 = 2.5%, 2 = 1%, 3 = 0.5% of your equity.
Change the values as you wish but
I do not recommend risking more than 5%!
---------------------------------------------------------------------------------------------------------------
Don't hesitate to like, share my ideas and
Subscribe to my FREE Telegram Channel for more updates
t.me/em16public
In which case price should not go below 1.5000
- or -
(Favorite) If the alternate count is correct then we might see price go down to 1.4970 - 1.4990. But not further than 1.4930!
In any case, do not try to catch a falling knife!
Wait for a confirmation of the upside move before making any long entries.
If you enter any longs now, use the appropriate lot size!
Depending on where you make your entry, it's a Rank 2 or 3 trade.
Pending order is Rank 2.
---------------------------------------------------------------------------------------------------------------
Good Risk Management is the key to success !
---------------------------------------------------------------------------------------------------------------
Ranking system for my trades
Rank 0, 1, 2, 3
0 = risk the most, it's when all stars are aligned, the gods love us. (very rare)
2 = our everyday trade
3 = risk the least, it's our least confident trade but could have a nice ROI if goes well.
Do something like this.
0 = 5% to 1 = 2.5%, 2 = 1%, 3 = 0.5% of your equity.
Change the values as you wish but
I do not recommend risking more than 5%!
---------------------------------------------------------------------------------------------------------------
Don't hesitate to like, share my ideas and
Subscribe to my FREE Telegram Channel for more updates
t.me/em16public
Note
If you have any question concerning this setup, please do not hesitate to contact me!
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.