Bettina's Journal

[Bettina]

Good morning !
the last four days I had more rents than the whole month before ???
The Feb ended up with -4 % or -26 Pips.
Analyzed trades very often show the same situation : After Wave 3 I think too early that w5 will start.
Todays first trade is the same, see pic
Bettina

NB : Herbert : No, no higher timeframes for me [-x

[Herbert]

Hey Bettina. Sorry to note your loss. I did not take any trade there since i am shy of thos w4's for now :ympray:
First of all, the AO peak at ZL for wave 4 is perfect imo. Once it reached across ZL, i consider swing sufficient, then it's just mechanics/setup to look for.

Looking back for the sake of trying to gain more understanding of it, my view: I am of opinion that we had a failed w5, even though later low seems to be 5 (chaos). I see your trade taken formed a 100% abc from top of what i marked 4.

I see significant divergence on AO for that "failed" w5. (pivot S1 the cause?) Look at my AO FIB comparisons to price points. AO reached 38.2%, price went 78.6.
I also show that previous w3 on AO adhere's perfectly with FIB ext relations.

(Coming from FMM, i consider THAT rather hidden divergence and the FMM hidden divergence (blue) as a reversal......
I know, i over-analyze by some opinions, but I value understanding more. :-B
Delete if i yapped too much... )

Herbert

0103bettina.png

[Bettina]

Herbert,
no, not too much yapping. That's why we have the forum.

Now afterwards I think the whole was a w5 as a descending triangle and the exxaggerated divergence is clear - now !
Bettina

01-03-2012 w5.png

[Bettina]

w/o words

01-03-2012 perfect.png

[msk185]

Yep, I took the setup 2 after the pink dot at 14.31 alpari time. Aims box shrank to 6-7 pips, just before the trigger candle at 13.37, 10 pips available

Mike

[Bettina]

Yes, but for me Aims Waves was already red, so I didn't take it
Bettina

[immy]

w/o words

01-03-2012 perfect.png

Absolutely lovely Wave Cycle unfortunately no dot setups!

[Bettina]

ok, you're right :-h

[Bettina]

after 2 weeks of nothing but loosing trades ( it was no longer fun to publish them ) : today I'm rather proud.
I think it was the first day, where I had only one trade ( John, thanks for your encouragement today !) and that was a winner with 13.6 pips or 1.16 % acc.growth.

But analysing the loosers, I detected a pattern :
1 ) Entered too early ( in terms of setups ) within w2 or w4 with too much levels to the left
2 ) Entered then too late ( in terms of levels ), usually e.g. below M5 or even M15 ( Herbert you told me that before, I know, but somehow I ignored your warning )
3 ) Took Grant's MM with short SL ( above entry candle ). ( Grant, sorry, hope you are not angry, seems not to fit for me )
4 ) Of course didn't stand the slightest retracement ...

All of this doesn't fit together at all !! ( Immy, you gave me this important hint last week )
70% of the loosers would have turned to winners ( very often w1 or some b in w2/4 ), if I had taken only the AIMS boxes ( and 5 candles rule ) as SL or waited for the next setup !!!

So on the one hand I will be more selective in taking setups ( which leads also to some more missed trades ) and on the other hand I will stick to the boxes.
I'm sure that will improve my results.

Bettina

14-03-2012 1.png

[Herbert]

Hey Bettina. Nice black diamond trade!! That purple line really knocked price into submission for you.... )
I will be watching your folowing postings closely.... :-B

Herbert