High 1.2977
Current 1.2961

EURUSD..
I have this probable count for eurusd i am looking to go long from recent support around 1.2930-15 region stop yesterday's low around 1.2895-90 ,..

the chart also shows that this is going to be a cwave of 4th wave which is building like -a-b-c zigzag targetting around 1.3050's there is also a possibility this becomes a new trend and for a third wave of some degree ( not shown )



( new stuff i learned from some trading books )
but what if my stop is hit the most reasonable thing i can do is just trade always with the lowest percentage i can afford with my AccountEquity.

using 3%-2% i am going to enter this trade but i will post when i entered cause things can change in lower timeframes namely 15/5 minute so you will see a post like bought or sold and how many lots.

also some cool ew books thought me there is only 50% time there is an ew pattern in markets so i will always wait for a new pattern to show up before posting here.

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EACAN.
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Attached Images

eurusd.JPG (137.5 KB, 289 views)

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First buy pending order is placed at 1.2927 sl 1.2895 tp @ 1.3050


wait for post
Second buy market order will be at 1.2915 sl at 1.2895 and tp@ open [ reason for this is in case this becomes not a 4th wave and a new trend ]


if the euro doesn't trade to my given lvl and breaks today's high or even high at 1.2989 i will cancel this trade scenerio for my self.

EACAN

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cancell the first trade


went long here @ 1.2942 ask price

for the second order will be at 1.2920-15 area

all stops @ 1.2895

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Now let me update the orders

i am long eurusd @ 1.2942 [ask price ] stop @ 1.2895 and tp @ 1.3050

my second order which just placed is long eurusd @ 1.2920 sl @ 1.2895 tp trailing that is if EUR/USD reaches 1.3050 then the stop should be moved to 1.2980.

this is it.
Total account equity used 3%. [ default ]
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both orders are in place and current low at 1.2896 just single pip may be a double bottom.

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EURUSD 1.2952
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By looking at the way the movement has been uptill now i am looking to exit 1
lot at 1.3015 if seen. the second lot opened at 1.2942 i will try to trail.All this is possible if my stop is not taken @ 1.2895 ofcourse.


EACAN

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okay i have closed the trade opened at 1.2920 right now at 1.2995

the second lot opeened at 1.2942 is moved to 1.2975

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from the previous chart i have markings for the 4th wave for around 1.3050's something but the way market has moved since yesterday it also shows signs of weekenes as it travels now above the high of wave (a) marking the minimum (c) wave we needed for wave 4 ..

1 position i have closed @ 1.2995 cause we have done the min of wave c second is ( stop moved to 1.2975 ) ..

now how about trying to catch also the 5th wave for that i have just placed the sell stop at 1.2970 sl at todays's high what ever it is ( will update when i open the position ).

chart attached.

Attached Images

eurusd.JPG (143.3 KB, 250 views)

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I have just placed one order this time [ Sell Stop @ 1.2970 Sl 1.3002 ( my brokers high ) and tp 1.2864 ].

this 1.2864 is actually the low of wave 3 often wave 5 will fail and a new trend often starts so i will trail this position as much as possible provided ofcourse all goes well . This pattern has already provided me two good trades with pips.

AccountEquity Used 2%
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Lets update the positions again
we closed one order opened at 1.2920 to 1.2995

we have 1 buy order we opened at 1.2942 which is now moved to 1.2975 ( expected 4th wave continuation or a new trend )

and a new sellstop order @ 1.2970 sl 1.3002 tp @ 1.2864 ( expected 5th wave ).

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