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Trade 2 Long US Stocks (Result +75 pips)

4/24/2017

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The month long consolidation pattern may be at an end.  It was really difficult to get a grip on the nature of the decline, I had to rework it several times in the end I went for a simple ABC correction which began to look as if it could be complete from thursday last week.  Of course as I said in the weekly forecast it still looked choppy and needed some resolution.  The gap higher may have provided that resolution on Monday morning.  The DOW has jumped over my blue trigger line which meant I was looking ot buy.  I allowed a partial retrace and waited for what looked like a new turn higher.  Buy order activated at 20743, I could not believe the margin reguirements $420 required for each $1 position, that just seems insanely high but I had little option, as a result trade is on for only $3 per pip
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    Steve Tobin
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    Maths Teacher, Trader

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RetiredearlyFX is a trading name of the investment company Bagehotsway.
We are not a regulated company but we only sell regulated products.
We are not authorised to give investment advice.

We believe all figures quoted to be accurate but past performance in no way guarantees future performance
Trading FX is high risk and not suitable for everyone.
  • Home
  • How it works
    • How to Make 100k with Forex
    • Plummer Wave Trading
    • Economic Surprise Index Methodology
    • Mathematical FX model
    • The Complete Plan
    • Invest
    • What is Social Trading?
    • FXTM
  • Info
    • The Trading Plan >
      • Trade Targets
      • Waves
      • What is a Plummer Wave?
      • Wave Trading
      • Forecasting the Market
      • Weekly Waves >
        • Cycles and the Indices
    • Education >
      • Positon Size and Risk
      • Beginners Corner >
        • New To Forex
        • How To Start Trading with $50
      • Top 10 Forex Websites
      • Economics >
        • Economic Surprise >
          • Economic surprise July
        • What drives Prices ?
      • Trading Needs
      • Points of Interest >
        • Facebook Wave analysis
        • Forecasting EURGBP
        • NZDUSD Long Forex Trade?
        • Gold A Technical Study
        • USDJPY Forecasts
    • Predictions Archive >
      • Forex Predictions May 2017
      • Free Forex Signals May
      • 24th April
      • US Stocks
      • USD Crosses Forex Prediction
      • European Stocks
      • Euro Crosses
      • ANZAC currencies
      • GBP Crosses
      • Asian Stocks
    • Members Area >
      • Trade History >
        • Journal Charts 2018
        • Journal Charts
    • Risk Disclosure
    • Project $100K >
      • Project 100k Archive >
        • Project 100K part 2
        • Project 100k Attempt 1 Review
        • Trade 1 Project 100k
        • Trade 2 Project 100k
        • Trade 3 Project 100K
        • Trade 4 project 100k
        • Trade 5 Project $100k
  • Trade Ideas
    • Trades Blog
    • economic blog
  • About
    • Company
    • Contact