【11/5】Total of 35.7 pips gained! The wave that broke Tokyo’s low price【11/5】
Hello! I’m Sakki, a wave trader (@skiym_aaa).@skiym_aaa I am a full-time trader after quitting my first company in three years.
My trading style is day trading,
and I trade aiming for the third wave of the Elliott Wave on a daily basis.
So, without further ado, let’s look at yesterday’s (11/4) Elliott Wave!
★ GBP/USD 1-minute chart, night (20:47)35.7pips gained!
※ Fibonacci retracement is drawn from the end of Wave 1 toward the origin.
- Entry rationale (Wave 1 confirmation) ➜ Tokyo low break
- Entry ➜ MACD dead cross after 61.8% Fibonacci retracement
- Take profit ➜ 100% Fibonacci (8.7 pips) and 161.8% Fibonacci (27 pips)
- Stop loss ➜ 23.6% of Fibonacci
- Point ➜ after large price moves, it tends to range.
It’s taking time, but the price move has been achieved.
In waves that occur around the evening, price often reaches targets quickly within one go, but
waves that occur around 20–21:00 yesterday often move after a brief range.
So once you enter, it’s best to just let it ride (laugh).
Well then, see you tomorrow!
【Blog】
↓ I publish my own trading results and the “Wave Trading” method explained here!
“How to Start Being a NEET at 25”
【Twitter】
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