07/11/14 – This Setup was very short lived on the Sage Group PLC Stock and just goes to prove that not all of my good looking trade setups go on to trigger. Over the last couple of sessions (days) the price has found new highs and has broken a major Elliott wave rule and moved past the previous movements Wave 1. Further more it has broken through the 140% line on the Elliott Oscillator to cancel that major indicator for my setup. Obviously this trade is no longer viable and therefore I have cancelled the Stop Sell Order. It does seem that the FTSE is having another attempt t breaking through the 6900 level and taking my RMG LSE and RPC-LSE Long trades along for the ride. This Sage Group PLC Stock is now classified as being in an Up Trend s per the Char below indicating a Wave 3 and will looking for a Wave 4 pull back to occur and potential setups for a wave 5 in the future. Chart as Below for the cancellation of this trade.
- Trading Results October 2014
- EURUSD Scalping Strategy Nov 2014 Week1