[10/24] Wave Trader's Yesterday's Best Elliott Wave — Gained a total of 74 pips! Elliott Wave from the double bottom~
Hello! I’m Sokky, a waveform trader (@skiym_aaa).@skiym_aaa I’m a full-time trader.
I started at a company after graduating and left after three years; now I’m a full-time trader.
My trading style is day trading,
and I trade every day aiming for the third wave of the Elliott Wave.
Now, let’s quickly look at yesterday’s (10/23) Elliott Wave!
★ GBP/JPY 1-minute chart, night (20:07)Gained 74 pips!
※ Fibonacci retracement is drawn from the end of Wave 1 toward the starting point.
- Entry rationale (Wave 1 identification basis) → Wave forming a W-bottom with divergence
- Entry → MACD golden cross after 61.8% Fibonacci retracement
- Take profit → 100% Fibonacci (19.5 pips) 161.8% Fibonacci (54.5 pips)
- Stop loss → 23.6% Fibonacci
Since yesterday I’ve been contributing to GogoJan’s Investment Navi, but yesterday and today there are different interpretations of Wave 1.
There are two main ways to identify (find) Wave 1 of the Elliott Wave.
・A wave that breaks the Dow Theory's swing low (pullback high) ← yesterday’s example (10/22)
・A wave forming a W top (W bottom) with divergence ← today’s example (10/23)
From now on I’ll post daily articles, but essentially these are the two patterns.
Well then, see you tomorrow!
【Blog】
↓ I’m sharing my own trading results and the “Wave Trading” method explained here!
“How to Start Being a NEET at 25”
【Twitter】
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