Saturday 12 March 2011

Weekly Trading Review (week 2)

EUR/USD Hourly


My favorite pattern, price peak at point X (there's a divergence between AO and price at 61.8-100 target zone) then it moves down to point Y, create a tight base, then it continue to go up again until it peak at point Z before going down and break fractal no 1 (it just like a zig zag abc correction).

Enter sell at 1.3953 until i got stopped at fractal no 2 breakout at 1.3910, a total profit of 43 pips

Then I missed the next down move T_T (a potential 100+ pips). Oh well still need to be grateful, 43 pips is not bad. I thought it's a wave 4, and i was waiting for a wave 5 up, but the price continue to go down and break the 61.8 fib. Now I'm totally lost with the wave count. Time for wait n see for next opportunity :)

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