Humpha's big wave journal

[humpha]

GBP / USD +7 (party) this trade was a combination of snorms wave 5 corrective and aims set up 2 and good old fashioned hunch it was going down, 1m AO was old but 5min and 15 min were both crossing 0 line to downside

16-5-12 gbpusd.gif

[humpha]

Aud/Usd - Perfect barrel all the way to the beach +15.

17-5-12 audusd.gif

[msk185]

Great setup Tony, another example of 5th wave correction - well traded!

[humpha]

Usd/Cad +80 pips or 1%
This was a new trade for me as I was stuck between all the higher time frames 1hr, 4hr, daily, weekly. Previously I have only traded the 1hr and 4hr. All 4 time frames agreed on a long set up here with the 1hr and daily hopefully new wave 3's, 4hr sustained wave 3 and weekly a new wave 5. I was hoping to let this trade run but as it was I was in it for 5 days which is new to me. I let the trade retrace 50% before manually exiting. It was exciting and I have no doubt the daily charts could be very good but for now I'll stick to the 4hr I think.

16-5 usd-cad.gif

[humpha]

Eur/jpy 1min -7
No dot and against purple but trying new 5 wave correction - didn't quite nail it.

18-5-12 audusd.gif

[humpha]

Aud/usd +2
Trailed aims and stopped out, did gain some good pips but gave them all back. Was happy with trade though. NEXT

21-5-12 audusd.gif

[humpha]

Aud/usd +7
Wave 5 correction, entered a touch early, normally trail aims box. Not enough wax on the board and slipped off half way along the wave only to watch it keep going all the way to the beach - New trading rule - wax board - follow the rules - let the waves roll - lovin this wave 5 correction SNORM - :-bd :-bd :-bd :-bd

22-5-12 audusd.gif

[snorm]

Great trading Tony :-bd

I'm working on a W5 alert for the eWaves indicator by the way - currently in testing :-B

[Herbert]

With that new Ewave addition i can see you waxing that board down to minora-blade Tony... (rofl)

[humpha]

Cheers Steve, Herbert
5 wave correction again, followed aims boxes, I could see the momentum stalling but stayed in. With a little more practice I will nail it. Trade was up 14 pips but retraced and I closed for a little less than break even. I was happy with my trade management though and still learning the 5 wave correction.

23-5-12 audusd.gif