niyayari tayo ng london market

ngayon friend nama natin si london market hehe

It has been a very very very stressful and frustrating week! Gained a lot from riding gbp/jpy waves then with just a couple of bad trades, gains got wiped out, talo pa! pwi!

Thanks to gbp/jpy's H&S, malapit na akong mag break even, konting konti na lang nyahaha!

anyway, here's how I traded gbp/jpy this week and how I used my fibonacci/ewave calculator.







here's my trading plan for next week:





This system works in all timeframes, I just don't want to over trade so I use H1 and H4. Tao rin ako, natutulog rin.

I'm not sure if you can apply this to PSE, lam nyo naman sa PSE, tsismis works. If you want to try this out, you can demo trade in the US market or forex. Demo account lang naman, alang mawawala except valuable time.

Important things to remember:
* Wave 3 Target zone is usually between 138.2% and 161.8%
* Wave 5 Target zone is usually between 223.6% and 261.8%
* The seed wave is very important because that's where all subsequent waves grew from, obviously. So be always on the look out for seed formations.
* length of a correction wave(W2 & W4) is usually 50% shorter than the prior wave

*bow*

boss yeahbah. how do u recognize a seed wave?

trader3k wrote:

QUOTE:
boss yeahbah. how do u recognize a seed wave?

good question.

post ako maya maya

here you go









mali pala yung trading plan ko, dapat ganito. nasa 3rd wave na, so pwedeng bumagsak for wave 5 at pwede ring umakyat for another set of waves.