Today and yesterday on GBPCHF

Yesterday I took a trade on GBPCHF on H4 and H1. I took a H1 trade which triggered earlier than the photo below and close at the FE 62. This is Fib Expansion.  The idea was that since we had seen the third wave, ie.e peak of AO to the left we should have been expecting a Fifth. Now the fifth can be predicted and if you pull the FE tool it will give you the TZ i.e Target Zone between which a fifth wave usually ends. Of course to further confirm it we use divergence on AO. But remember that divergence will be shown only with appropriate number of bars on the AO. To be able to correctly count the waves you need between 100-140 bars. Bill Williams stresses on this, that we do not trade Elliott  Wave, that, it is an opinion and its there to give us confidence. I’d also add that its great fun to see the market unfold as expected.  So the following was taken and TP set at FE 62. I took my H1 trade off at 62 but on H4 I closed most of my position(closing half is unusual for me, because I absolutely dont like closing half)  but I let the a tiny bit run but also put TP at the second FE 100 level. This time it worked perfectly.

Happy with this and loving it! I am so grateful to Bill Williams, Chaos, the Universe and the Lord of the Universe for keeping me guided and concious. I am grateful for all my friends with whom I trade and chat everyday. Thank you every one. I am open to comments and suggestions and if anyone needs help and wants to learn how to trade this very simple setup know it that I’m just a click away. cheers

Setup 2 Entry – Open Alligator

H4 looked like this but H1 shows the divergence, which confirms fifth wave

Setup 1 Entry – Sleeping Alligator

H1 looked like so, a perfect saddle point setup. I was watching it I might have exited 1.5100.

AIMS Stress Free Trading – http://www.iTradeAIMS.com

6 thoughts on “Today and yesterday on GBPCHF”

  1. Hi Imran love your posts, I used to read all your posts on the BD journels as well big fan I am intrested in learning to trade your system

  2. Hey Imran, nice blog, was also with you on the g/chf, your exits very good ther based on the 5th wave FE extension on H1, working on improving my exits keeping it simple yet assertive. keep up the blog its goign well. dont be tempted to write too much so many of the forums tend to quickly fill with junk

    the Kiwi

  3. Hey Imrano!!! You've got this blog cooking and looking good, love following the Guru here, some awesome trades, not too be long before you actually do "go to moon"
    EE

Leave a Reply to Mobolaji Cancel Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Facebook
Twitter
LinkedIn
Pinterest
Reddit
Telegram
WhatsApp
Email
Scroll to Top
Scroll to Top

Congratulations!!! Your Book is on its Way.

Check Your Inbox. If you don't find it there check your spam box and Make Sure to Whitelist our Email. Thank You for joining of mailing list.