FX:GBPUSD   British Pound / U.S. Dollar
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4
Wave 2 coming to an end

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GOOD JOB . iF I FOLLOW YOU , I WILL CLOSE MY ACCOUNT
+1 Reply
cobraofthesouth caothecongtoan71403
hi, this is why we need to use a SL.. wave 2 cannot go below the start of wave1
Reply
To be honest the trade was looking good when it was set up. We all know to wait for confirmation before we enter the trade as a fundamental rule and when what I thought was the wave 2 went below wave one it invalidated the trade. No money lost thought as you would not have entered the trade until the confirmation of going above the wave 1 high was reached.
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TomBurgoine TomBurgoine
this would have then validated wave 2
Reply
TomBurgoine TomBurgoine
entry at 1.32793 to validate the trade
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