Eur/usd- Elliot Waves & Humility.

[dkalense]

I have failed to upload my first post.
I will try again.
dkalense.

[dkalense]

I am starting this Thread to record my trades from this point on in EUR/USD.fficeffice" />>>
I plan to use my edge (Elliot Wave Theory) to trade. I do this with much humility.>>
I have been trading FX for a little over a year, but I consider myself a beginner and I have a lot to learn.>>
I hope this Thread will show growth and increase in maturity.>>
>>
I have a net loss in pips so far in my FX career. >>
I hope this year will see me move to a net positive number in pips.>>
I am having the most fun in my life and I look forward to increased success & sophistication in the FX.>>
>>
My First trade for this Thread:>>
Sell USD @ 1.2922 (1725 CT ffice:smarttags" />lace w:st="on">USlace>).>>
SL @ 1.2945.>>
TP @ 1.2911.>>
[My trade was close automatically before I could get this post up right.]>>
Profit 11 pips.>>
>>
A good start & a long journey ahead.>>
dkalense.>>

[scottyb159]

DK,

ARe you able to post some charts to show your interpretation? 11 pip target with 34 pip stop?

[dkalense]

Hello scottyb159, yes I know I have violated risk/reward ratio.
Actually I was risking 26 pips for 11.
I did this because I think there is a strong set of barriers below 1.2900; and I think the Fibo number of 1.2932 (retrace from 1.3043 to 1.2864) is a very short term ceiling; so I did this trade for a few quick pips. I think the EUR/USD is heading down, but I am waiting for those barriers to fall. Warm regards, dkalense.

[dkalense]

Oh yes, scottyb159- I forgot to mention this- I will post some charts as soon as I learn how. I have not tried it before; but I want to do it. dkalense.

[scottyb159]

DK, sorry, I forgot to wish you all the best.

[dkalense]

Thanks scottyb159- I will be working on those charts.
dkalense.

[dkalense]

TRADE 2 (0910 CT)
Sell EURUSD @ 1.2931
SL @ 1.2954
TP @ 1.2917
I think very short term we are locked in range 1.2932 area-
1.2900 area. I am just looking for a few quick pips.
dkalense.