EU Trade Update

Final Update: Trade Complete

 

Cycle Complete.

 

Update :

Here is another cycle that is at play. Both this cycle and the cycle below will make swing highs (3 candle fractal) at one of the green TPs. Something to keep in mind is that once we realize a TP in the cycle that we have identified, the others are then to be discarded. 

How this works:The market moves in a flow that resembles a "logic game", once the points are identified you then have rules that are able to be traded. An example would be in the above trade: We have been given the last swing high and low (yes it matters which ones you choose) now that the high has been broken we know that the low will not be broken (therefore that is where the stoploss will go) before another high is made (where out TPs are set)

The last chart proved to be a great opportunity to build a few long positions. I am now tracking up with daily targets (green lines) it should stop and make a swing right on one of these....as in this case the "100" lvl is the missing part of the ratio.

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