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Koryphaeen's Blog
AUDNZD wave analysis
Hi traders,
Actually I am entering into this contest with a prediction on this instrument based on my wave analysis I've done. I also mention the fact that I took this trade on my live account, so it must be successful, if not, I'll loose some money as well.
My analysis starts from the weekly chart, counting the waves and determining wave structures we are in right now on higher time frame (TF) to determine the direction in which the price is heading onto. It shows like that:
On the daily chart …
Actually I am entering into this contest with a prediction on this instrument based on my wave analysis I've done. I also mention the fact that I took this trade on my live account, so it must be successful, if not, I'll loose some money as well.
My analysis starts from the weekly chart, counting the waves and determining wave structures we are in right now on higher time frame (TF) to determine the direction in which the price is heading onto. It shows like that:
On the daily chart …
Back in business
Hello traders,
I can really say that I had a hard time these months, learning for my CFTe level I exam, so I couldn't trade as much as I wanted to but, interestingly, with much higher efficiency. I managed to make roughly 40% on my live account in the last 1,5 month, which for me is extraordinary. But, as I mentioned, I'm back in business and ready to roll in the contest as well.
For starting, I took the following trade for today on my contest account (and my live account as well) which made me …
I can really say that I had a hard time these months, learning for my CFTe level I exam, so I couldn't trade as much as I wanted to but, interestingly, with much higher efficiency. I managed to make roughly 40% on my live account in the last 1,5 month, which for me is extraordinary. But, as I mentioned, I'm back in business and ready to roll in the contest as well.
For starting, I took the following trade for today on my contest account (and my live account as well) which made me …
First trade - first blog post
Hi traders, I know that these points are necessary, but I really did not had the time to post here. But I will now, and I am presenting the trade I took, with a tremendous 15.5:1 R/R ratio. Awesome!!! I took it on my live account as well and am now in BE, that means a risk free trade. Isn't it nice? Look at the chart below, you will find it very useful:
Importance of the extra point one can gain
Hi traders, I would like to show you today the importance of the extra points one can gain in this contest, highlighting it on my own skin. As you all know, I am in this moment on the 19th place with 197 points and 321.700 USD equity. But! What I really neglected in this month were the extra points gaining possibilities. So, I conducted 11 trades in this month, all with quality orders but one, where I entered short on market. Why I did it? I don't know...I could made it easily in a quality manne…