UnknownUnicorn4330292
I have given thought to this and this is my opinion. >>>>>Small account In order to grow a small account to sustainable levels, higher risk will be applied compared to a large account. What i mean by this is, 1-2% monthly gain can be sustainable on a large account but on a small account that would be insignificant. To bridge this gap one has to increase position...
A ticking breakout. This pair has been accumulating for some time now. The break out might happen soon. Playing the range. Previous setup
HARD STOPS Hard stops on a strategy with low sharpe & low win rate only drains the account. RISK A FIXED % PER TRADE. Every trade has it own unique exposure to risk. Risking a certain % means K is constant. This might not work most of the time. NO STOPS Averaging down,up/Martingale for profit with no exit plan. The strategy mostly relies on estimating the...
Volume leans towards the shorts. It might go to targets. Previous setup
Long-term outlook. This might revisit the targets .
Might see a leg down as continuation of this move. It might even extend to C. This pair just complete Plan B of previous analysis.
Some setups are not as fluid and require some risk management. {Averaging down/up, martingale or compounding }. Compounding with the same position size works best on constant exits( gives less exposure) after pre-determined extension. Martingale & averaging on 'fast paced moving exits' . Over all same position size gives better exposure. These are just thoughts...
Waves are not clear. This may restructure the wave count. Its best to look for weakness at highs as counter. The pair is at its extreme a small retracement might be expected. Previous setup
Rare are times you get to know the exact exits. This setup requires an estimate extension & an exit plan to be pre-determined in-case of over-extension. Sometimes things go wrong and it over-shoots, hence the 'maximum impossible' extension should be put in mind. The 'maximum impossible extension' can only be predetermined by countless hours of constant monitoring...
Expect this pair to register a new low in the near future. Previous setup below:
Facing some resistance on this. This might go to targets in the near future. Previous analysis covered Plan B
Playing the spike. This might proceed as shown. Previous setup below:
Bulls look promising from this angle. This might break on the upside.
As other pairs lag ,i thought it would be nice to do a rundown on the two pairs with similar incomplete wave counts. As seen on both Gbpusd & gbpjpy The extension moved to the wave 2 of the wave. Similar formation both ending at wave 2. GBPUSD GBPJPY
The resistance level has been broken . Price could retrace to retest the 2 level now support.
Small retracement might happen in the near future.