New BUY Order post from my Live Trading Diary – Using Elliott Wave principles

This is an example of the initial stages of a Blog Post on my Live Trading Diary.  This is for the Stop BUY Order for a potential LONG Position in EXPD-NASDAQ today 19th June 2014.  You can subscribe to my live trading diary HERE

19/06/14 – The Trend Channel is taken from the Main Pivot B as this is a complex Wave 4 pull back against a strong Bullish Major Trend that had  a Simple Wave 2 which fits well with a major Elliott Wave Observation.  There are 8/9 indicators with a Risk to Reward Ratio of over 1:3.  The shorter and lower of the target zones is taken from Pivot B and may act as resistance to further upward movement to the major Target Zone at 47.50.  Stop BUY Order @ 44.84 which is reasonably conservative out of the Trend Channel for Today’s bar position and above highs of the last two bars (days). The Trigger point is also above the 0.25 Fib retracement line taken between Wave 2 and Wave 3.  Stop Loss @ 44.10 and the initial Take Profit Limit Order @ 47.50, As Below

Elliott Wave EXPD#1 EXPD#2OSC

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Paul Bratby
Paul is an ex British Soldier who served 17 years an Engineering Manager in the British Army. Since leaving the Army he has held high level positions in Companies around the globe with the most recent running the Liberia (West Africa) Country Operations for a Gold Exploration and Mining Company. In 2014 he launched www.mytradingbuddy.com which continues to grow massively as a free resource to all traders.
He has been trading his own pension and savings accounts full time and has written an electronic trading journal which he will publishing as a book in the near future.
Paul Bratby

Paul Bratby

Paul is an ex British Soldier who served 17 years an Engineering Manager in the British Army. Since leaving the Army he has held high level positions in Companies around the globe with the most recent running the Liberia (West Africa) Country Operations for a Gold Exploration and Mining Company. In 2014 he launched www.mytradingbuddy.com which continues to grow massively as a free resource to all traders. He has been trading his own pension and savings accounts full time and has written an electronic trading journal which he will publishing as a book in the near future.

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