Recent content by TerraNova

So, we look at this level and think - what a nice level for selling!! but if this is truth? Lets see it more global: if it were M15 - are you selling here? I'd prefer to see a down-impulse for begining..

So, my trade looks nice (I have changed take after posting here): and 5-th wave is not finished yet...

So... I'm selling but... this sell has a problem.. The problem is that Divergent Bar is not confirmated by a 5-waves structure: and probably I have sold to a correction wave and I can only hope that price will continue movement to the low.. in any case I have close a half of position...

Trend is your friend... Impulse and correction.. There is no any Price Action to sell for now.. Trading Chaos method:

lol:

It's interesting level for selling, but there is no any price action to do it..

it seems not ) the problem is: but the price goes up, and it looks like it was a 3-wave correction (maybe a b-wave).. of couse c-wave can be finished lower than high of a-wave

Why not? I'm looking sell signal from pointed levels:

In any case I'm in: For now it looks not bad.. It's possible to get a loss, but it's a situaion with a great possible rewards, 5-6-7 times greater than my stop :cool:

Everything looks good. a-b-c-structure looks to be completed: But there is no signal to buy :cool:

unexpected surprise at the end of day, what it was? :oops: I'll be ready to go buy after 5-wave to be completed :rolleyes:

maybe so .. A wave analyses tells me that the up-impulse (5-waves) have been completed, possibly it's a 1-st wave in a new up-trend, but I need a correction to 61.8 Fibo (green zone) at least in order to search a buy setup

So, I'm about to exit, becouse it's a 5-th wave probably that is not a long usually..

1.14 has been tested.. but it's possible that it's a final 5-th wave in the impulse.. After 5-waves impulse finalizing I will be looking a correction to 61.8 Fibo and long-term buy..