OK, once we had support at the 1hr DP (last post) we could have also seen that the 15min Chart was at DP support. This was the long trade entry.
The markets then rallied in what looked like to be a Elliott Wave 1,2,3. I have “manually” added these labels.
The exit would have been as the market reached the Typical Wave 3 WPT, especially as the Wave [3] has “sub divided” into a minor 5 waves.
The results could have been a nice +7.8R Profit (ignoring spread).
I hope this has been a good example of how you can use some of the more advanced tools that are available in the software
Thanks, Steve
The markets then rallied in what looked like to be a Elliott Wave 1,2,3. I have “manually” added these labels.
The exit would have been as the market reached the Typical Wave 3 WPT, especially as the Wave [3] has “sub divided” into a minor 5 waves.
The results could have been a nice +7.8R Profit (ignoring spread).
I hope this has been a good example of how you can use some of the more advanced tools that are available in the software
Thanks, Steve
