[11/22] Total of 39.4 pips earned! ~First wave that pierces the EMA significantly~
Hello! I'm Sakki, a momentum trader (@skiym_aaa).
I quit the company I joined as a new graduate after three years, and I am currently a full-time trader.
My trading style is day trading,
and I trade aiming for the third wave of the Elliott Wave on a daily basis.
Now, let's quickly look at the Elliott Wave that occurred yesterday (11/21)!
★ EUR/JPY 1-minute chart Morning (11:56)39.4pips gained!
Note: Fibonacci retracement is drawn from the end of Wave 1 back to the starting point.
- Entry rationale (Wave 1認定根拠) → Break of support in an uptrend / W bottom (divergence)
- Entry → MACD cross after 61.8% Fibonacci retracement
- Target → 100% Fibonacci (10.2 pips) and 161.8% Fibonacci (29.2 pips)
- Stop loss → 23.6% Fibonacci
- Point → Wave 1 is a major wave that pierces the EMA.
As expected,when Wave 1 is large, pierces the EMA, and at entry the EMA is in perfect order, the accuracy is high, right?
Lately, I had forgotten this fundamental origin of my wave-trading approach.
Let's stay true to our初心者? (Japanese term) and do our best!
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】
↓ I tweet blog updates and real-time Elliott Wave examples!
