this is exactly why we should not over-confident with our plan and scenario
it's because no guarantee the price will follow your plan
if we look at the chart,
the orange plan is about a triangle correction, consist of 5 ABCs
AND the blue plan is zigzag correction, consist of ABC (5-3-5)
this two scenario is possible in our Elliot wave count strategy.
of course, as i post on my page before, i'm into the blue plan, and till today, it turn out profitable.
But because I'm aware that my plan isn't the only possible scenario, I won't go all-in on this trade. Always use lots that are appropriate for our balance, set the stop-loss, and good luck
follow me for more update on EURUSD. I'll post XAUUSD sometime
it's because no guarantee the price will follow your plan
if we look at the chart,
the orange plan is about a triangle correction, consist of 5 ABCs
AND the blue plan is zigzag correction, consist of ABC (5-3-5)
this two scenario is possible in our Elliot wave count strategy.
of course, as i post on my page before, i'm into the blue plan, and till today, it turn out profitable.
But because I'm aware that my plan isn't the only possible scenario, I won't go all-in on this trade. Always use lots that are appropriate for our balance, set the stop-loss, and good luck
follow me for more update on EURUSD. I'll post XAUUSD sometime
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.