Replies to post #120541 on Simple's Green Room

[Qui-Gon Kagi]

pennies.......I cut and run on my EA position though it was a few percent loss to my account. I'm just not seeing where it's ready to reverse bearishly so I'm out to play the TDI setups.

So considering your "EU Hourly Chart".....something that's always been a hurdle and tripping stone to me when looking at your a,b,c,d,e patterns, is the fact that I can obviously see where price action has hit your top trendline in between your wave B and wave C which would cause me to interpret your wave C as wave E. And after price touched the top trendline it quickly touched your bottom trendline wherein I would have seen a wave D. So how are you able to distinguish a wave C where you did vice the previous top trendline hits? There were actually 3 price spikes before your wave C where I might have put my wave C annotation at. Not only that but there's two more price spikes to that top trendline immediately after your C annotation which would cause me to think that your C annotation should be the highest of those price spikes.

And one more thing.......if you believe your wave D to be wave D, then why not take a long when posting your chart to gain from the 100 odd pip move up to the top trendline again or at least the 88fib level at 1.33385 that you've marked on the chart? Your stop loss could have been the bottom trendline itself or the previous low of 1.32321 which would have prevented any large losses.