It's hard to explain ideas as they have to be individually interpreted by others before they can be understood. Likewise, what something means to me, may not mean the same to you. By risking only .5% per 100 pips, I realized that the dilemma I ...

Shackles's Journal

Closed out at 2.0533. Loss twenty-some pips but was probably overleveraged anyway. Thought I would only be risking 1-atr (100 pips) if I had a 100 pip cushion from intial position. However, I realized that cushion would disappear and I would already ...

Shackles's Journal

Shorted more of GBP/CHF@ 2.0495. Prices have re-entered symmetric triangle but I am still anticipating a bounce.

Shackles's Journal

Shorted USD/CHF@ 1.0929. Expecting coming abc correction. Reshorted USD/JPY@ 110.03 after being stopped out before at 110.55. Still anticipating wave 4.

Shackles's Journal

Entered following breakout of 200 MA. Before the decline, I had believed that prices would decline as gains are slowing due to the linear shape of the trend that was beginning to curve and also because MACD was pointing towards a crossover. I was ...

Shackles's Journal

Breakout was confirmed as prices crossed 1.4890 and never looked out. Elliot wave suggests trend is leading to wave 4 of existing 5 wave cycle if not wave 1 of a new 5 wave cycle. Long term outlook, 1.39. Near term support at 1.4730 (TL). Long term ...

Shackles's Journal

Aug 14 2008 Short EUR/GBP@ .7953. image Betting on a bounce from channel. Also, it would appear euro has more room to depreciate more so than the sterling till date.

Shackles's Journal

Expecting retracements in the following pairs. GBP/CHF: 2.0469-2.0530 EUR/JPY: 165.33-166.12 AUD/JPY: 98.72-99.80 AUD/USD: .9111-9237

Shackles's Journal

I was late entering the trend due to issues with my broker. As the trend is down, I add more to my position upon the consolidation. Prices if seen in the short run, 4 HR, have begun a triangle formation. Based upon technicals, expect resistance at ...

Shackles's Journal

Aug 14 2008 Short EUR/USD@ 1.4879 image This pair has consolidated these past couple of days. Though not a retracement, this action signifies enough indecision to be significant. I am betting on a breakout below major support following the GDP ...

Shackles's Journal

News is often anticipated before it is actually released. As a result, often, there is less momentum following news releases than before. Euro will most likely fall if the gdp an cpi are bearish. However, even if results are less than expected, ...

EURUSD

Will try my post my trades lives from here on out. As this thread was created days after my intial trades, I can only hope you take my word on the dates based upon the price from which I entered. Aug 8 2008 Short GBP/USD@ 1.9204 Short EUR/JPY@ ...

Shackles's Journal

Basic strategy: Entry: breakout or bounce Exit: breakout or bounce Position risk: .5% per 1-ATR Method: elliot wave, fibonacci, gann, technicals and....fundamentals

Shackles's Journal

Weekly Gbp_chf. Monster. image

Elliott Wave Trading

thought about including that set but wasn't sure how deep abc corrections can run. Are there any rules on how far an abc correction can run?

Elliott Wave Trading

thanks. I hope to learn more about elliot wave from this thread.

Elliott Wave Trading

Not pretty. image

Auslanco - GBP/JPY and GBP/USD (newstrade)

Weekly chart. GBP/JPY image

Elliott Wave Trading