Gold gave us another correction to join the uptrend, however there is a probability it might break to the low so I bought this now with tight SL and placed a sell limit order.
Note: I publish the charts on sole purpose to keep track of my progress but if it's helping someone then you're welcome. It's been a year since I have started to learn wave analysis from my mentor Anil mangal by just watching his webinars, if you like to watch more of his videos you can go this link I'm sure this will help u a lot if you are sincere at trading. youtube.com/watch?v=_6V2hBcGzoY
Buy hit the SL but Sell is running in profit covering the loss of the Buy order.
kay1230
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waves are hard to master. thumbs up for you bro and thanks for the contribution.
siddhu236
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@kay1230, Thank you, I'm nowhere near mastering it I just learned the basics and backtested them again and again and developed my rules. I guess this goes to every strategy out there. But I do attend Anil's weekly webinars to correct my mistakes. If you interested in learning wave analysis start from this book :) my.elliottwave.com/secure/default.aspx. Login here and search for "Elliot Wave Principle - Key to Market Behaviour" it's a free E-book. It helped me a lot to learn basic wave patterns.