- Stick to your stop loss to protect your trades - Manage your positions patiently until you hit the target - Profit always in risk, take the risk or lose the chance
Unfortunately, no strategy can be 100% successful. That's why every successful trader is an expert at using stop losses! If you want consistent growth in your account, you need to learn how to use stoplosses
one of the benefits of using Elliot Wave is that it can help traders to understand the psychology and emotions behind market movements. if can halp traders to avoid being influenced by fear and greed and trade with logic and objectivity. -You can't control the market! But you can control how you respond it # Planning is the key element of trading! Plan it -...
At timeframe H4, market condition is uptrend pursuing wave 5 TF H4and the quarterly price target. But you can control how you respond it #Planning. is the key element of trading Plan it - Follow it! Trade it!
- Another Triangle on DAX - Triangular corrections are expected to end sharply, both due to the long duration of the correction and the compression of the price as time passes. The usually occur in the 4th wave and in the B wave. One of my favorite structures to trade!
- I see triangle correction everywhere and I can't wait! - You can't control the market! But you can control how you respond it # Planning is the key element of trading! Plan it - Follow it! Trade it!
Analyzing the chart in the D1 timeframe, we see that price is in the last wave ABCDE triangle correction. In triangular corrections, the E wave is generally expected to be between. 0.50 and 0.618 of the length of the C wave How can it be traded? - The wave B correction can be followed and traded for wave C. - Wave C can be followed and traded for the next big impulse.
If wave B of the 4th wave is completed in xauusd, I expect to see a sharp sell -off in wave C. However, the general uptrend will continue for a while and will experience new highs.
Bitcoin the largest cryptocurrency by market cap, is currently is a pivotal phase. Key resistance zone
#XAUUSD 1980 - 2010 (scenario xauusd timeframe H4)
The wave may not be over yet. So I will wait for the first wave and second wave.
#DXY was in the 4th wave all June! The 5th Wave In July. Focus for all major pairs
if we pop back above res water then the long is good to go. keyword : if. 80 pip target