Chris's Journal - Step 1 (Setup 1)

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Batch 1a - Trade 11

EURAUD (Famous)
Entry: 1.4934
Stop: 1.4916
T/P: 1.497

Result S1 (2R)

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Batch 1a - Trade 12

USDCHF (Famous)
Entry: 0.9592
Stop: 0.9607
T/P: 0.9562

Result S1 (-1R)

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Batch 1a - Trade 13

GBPUSD (Famous)
Entry: 1.283
Stop: 1.2807
T/P: 1.2876

Result: S1 (2R)

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LOOK AT THE WAVES!!!!

For example, dont take a cherry at the end of a HUGE wave 3, as its likely to be the beginning of a sideways move or the next wave 4.

Immy:
You'r trying to enter a wave t hat's gone nearly 700 pips in that direction. how optimistic are you?

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System vs Market

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IMMY:
We want to get into a trend, wave as early as possible.
but there is a problem with that.
Waves tend to start wherre the previous wave ends.
so the idea is to get into the wave as soon as possible but it usually is hard to do as one never knows if this wave has ended.
(that btw is FRUIT method.)

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Batch 1a - Trade 14

GBPCAD (S1 Short)
Entry: 1.68040
T/P: 1.65340

Result: S1 (BE)

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Batch 1a - Trade 15

Gold (Cherry)
Entry: 1225.59
Stop: 1228.82
T/P: 1219.13

Result: S1 (2R)

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Batch 1a - Trade 16

EURAUD (Cherry)
Entry: 1.49325
Stop: 1.48750
T/P: 1.50340

Result: S1 (2R)

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Batch 1a - Trade 17

GSBUSD(S1)
Entry: 1.29490
Stop: 1.28940
T/P: 1.30590

Result: S0 (-1R) NOT ENOUGH RETRACEMENT TO BE A VALID S1