Starting it off.

Al

Giving my USDJPY another go.




Still have a bit of EURUSD left,

I can still see USDJPY going lower ...103.78

Patience, an an admitted weakness of mine. Seeking the trend to be over at wave 3 instead of wave 5 . This year I am committed to wait. So yeah, I am flat. I will either get into a trade that hits my area with my entry criteria, or no trade.

Example. I went long Sunday, got small profit, but closed cuz the impulsive wave is probably part of a larger correction downward. I could be wrong, but if I am, no need to hurry, catch the next correction into the bullish wave. And AB=CD at .786 is the best area for a high probability trade so I will wait. Double bottom at this level or ret yo .786 would be nice. Target 120.00 t to 125.00










I would really like for this trade to come down to the .786 zone also, however did .685 stop it ?

Here is one from the master :

“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”

“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.”

“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.”

“A man must study general conditions, to seize them so as to be able to anticipate probabilities.”

“Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.”

Oh yes Jesse, preach !!!!!!!!!!!!!!!

USDJPY 2018.................

“Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.”

Nuf said..... Good night !

EURUSD weekly. Sit on this for a while.

Just a little more on RTEC. I wanted to see the overlap between CD and cd legs from the two ABCDs.




1.128*AB=CD (1.193 meas)
fibo BCD = 1.382 (1.352 meas)
1.000*ab=cd (0.973 meas)
fibl bcd = 2 ( 1.937 meas)

Al