EurUsd ............. showing the same Fibo bright olive gold on Daily timeframe to see even deeper how perfect the hit at Fibo 423.6% was. Those who know me well from my posts know my penchant for the magical number 423.6%. I've made a bloody fortune on this level of the fibo series from day 1. When I fail to use it, I don't do well as I should. Daily EurUsd with the bright olive gold hit at 423.6% - perfection
EurUsd ................ now look at 1H for the very same bright olive gold Fibo level of 423.6% .................... and note that there is some airspace between the red bar low and the 423.6% level. Thuis could be negligible and obfuscated and ignored but not by me .................. it leaves the door open for a Wave 5 hit to precision on 1H. The 1H timeframe is a key FRACTAL WAVE timeframe so it would not surprise me if Wave 5 finally delivers the goods here with a perfect under magniying glass hit of precision. But hey, I am a young fella with lots of learning yet to come so no worries ........... I am fully prepared for euro to retesst the 423.6% level for the precision hit on 1H but I am taking vast profits in the meantime so I lose nothing and only gain gain gain gain
My overall PLAN remains the same. When this trade with the euro is complete and over and concluded, I will take all my Capital to safety as the risk is too high that brokers and co. will go bust in the BEAR and swallow my funds and never give it back. So for the duration of this monster BEAR market at 6 degrees of TREND I have given up Trading altogether as I do NOT want to have millions of dollars at risk of confiscation and appropriation by criminals going bust. I'm headed to total safety. Whe the BEASR market is over I am going back to just being what I do best, a simple buy and hold investor of epic proportions, taking profits only on Intermediate corrections but letting alll profits run run run all the way to WAVE 5 competion. then I get out of the buy and hold. And go flat
Investing is my first LOVE. Ther is no denying this when I review my performance in hindsight. I love being a buy and hold investor with one significant difference - I can time the Intermediate corrections and get out of the way and then hit the correction at 50% or 61.8% with godzillion more bucks and rejoin my friend the PRIMARY TREND. God, do I love it so!!! The Primary trend always saves the last dance for ME and only ME. It sees me at the busstop waiting at 50% or 61.8%. It sees me and tells the conductor to give me the berst spot on the bus.
Yes Chief. I am so green it is downright ridiculous. After debilitating mistake. Luck has a lot to do with it. I'm gald to exit my short lived TRADING career with no busted broken accounts. I survived and the other traderas who know me say that I am the onlyu one they know who survived the game A L I V E and lived to tell about it withut suffering the inevitable BUST .........
The Euro trade is not yet over. It is ongoing ............ Will post the close out details when its done .................... The PRIMARY TREND has a magical effect un me. Where I have screwed up is in trying to be extra smart when tryng to catch the BEND in the TREND to reversal. This punished me severely in the DX call of this thread for the reversal which obviously was just abit too early but it got me good
yet another in live action for proft taking .............. at 61.8% now, watch out at 100% if/when we get there ................ and so on. Right under 61.8% is a STOP aka Trailing Stop but better place right under the 200-pd ema (green)