+4.63 average gain per 1/3 of position. Trade quickly hit initial target for first 1/3 of position. Stop was moved up to the entry price so that no loss could be incurred on the trade. This made it a "free trade" from that point on. Next, the 2nd third profit was taken at 100.00 which is the end of the highest probability for the original target. The trade was going parabolic at this point. Stop was managed until the software identified the impulse as complete at which time the final 1/3 was closed at 105.00.
Welcome to this free site that provides state of the art analysis of currency pairs and stock indices by utilizing Elliott Wave Principle through sophisticated pattern recognition software. After scanning millions of data points the software is able to compare how these data points match up with past Elliott Wave patterns and determine which pattern is the most likely to be the present pattern. A rating system for each pattern alerts me as to the degree of accuracy, and hence the trustworthiness of the proposed optimal interpretation of the data. A system of synchronization between the longer term chart pattern, the intermediate term, and finally the shorter term are utilized to drill down optimal entry points to each recommendation. When that time is near, entry price, stop loss price, and the "first third of position" target price are included for error-proof execution of trades. Once a trade is on, trade management is provided as well.
Owner of Medallion Financial Consulting. 1984 graduate of Brown University with B.A. in Economics. 26 years of Financial Planning & Investing experience.
1 comment:
+4.63 average gain per 1/3 of position. Trade quickly hit initial target for first 1/3 of position. Stop was moved up to the entry price so that no loss could be incurred on the trade. This made it a "free trade" from that point on. Next, the 2nd third profit was taken at 100.00 which is the end of the highest probability for the original target. The trade was going parabolic at this point. Stop was managed until the software identified the impulse as complete at which time the final 1/3 was closed at 105.00.
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