Hi Everybody
Well, we did not have to wait too long for a good trade to come along. Here is a perfect example of my favourite trade, and is exactly the same as I was looking at in the Daily GBP only yesterday.
Yes, because this TS3 buy was against a red STF, it should be considered an Advanced Trade, but I do look for this setup regularly, mainly because the R/R is so good, because we are aiming for the Typical Wave 3 WPT, and not the nearer Wave C WPT’s
Although this trade did not quite reach the anticipated target (Typical Wave 3 WPT) is was stopped out with a very nice +5.9R Profit (ignoring slippage and commission), so was a good trade anyway
That is the Cyclical Nature of Trading :-)
Thanks
Steve
Well, we did not have to wait too long for a good trade to come along. Here is a perfect example of my favourite trade, and is exactly the same as I was looking at in the Daily GBP only yesterday.
Yes, because this TS3 buy was against a red STF, it should be considered an Advanced Trade, but I do look for this setup regularly, mainly because the R/R is so good, because we are aiming for the Typical Wave 3 WPT, and not the nearer Wave C WPT’s
Although this trade did not quite reach the anticipated target (Typical Wave 3 WPT) is was stopped out with a very nice +5.9R Profit (ignoring slippage and commission), so was a good trade anyway
That is the Cyclical Nature of Trading :-)
Thanks
Steve
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