Hello SR Player,
I not get this EU trade you posted because it was not showed the SR zone by the indicator.
Thank you
Hello SR Player,
please advise - on EuroAusd - will it re test 1,30 level or it it is good to re-enter for short now on level 1,2960. Thank you in advance.
It wont catch them on all timeframes pepeelpew because the SR indicator is Caluculating dfaily levels, the Eur/Usd short levels where off the H4 chart.
Hi Beginer22, the Eur/Aud has already tested the appropriate SR level and moved 120 pips down, it has retraced though, if you enter short now keep stop tight, still strong resistance level there off weekly even if it has retraced.
little update to my stats using this system (this week WITHOUT any trades i am not sure about (like off 1h SR), see post #413):
+239 pips closed (after losses and spreads)
+91 pips floating
=> ~22.7% gain
8 win trades, 3 lose trades (i trade more than SR player because i don’t use the wave indicator the way she suggested, i personally found a better way for me to use it, which also results in more trades (more trades are not always good, but just for clarification why i have 11 trades already this week))
cheers
Right on the bodied candles of that low Spongybob
What great news TopFroxx, well done!
Good to hear you are doing well.
Don’t be shy to run through the way you have been trading, everything helps everyone, its all about sharing for the cause.
thanks to you 
ya, will be more specific about my trades, maybe will show a couple of live setups with pictures. but my trading style (except maybe a little of money management) does not differ substantially from your original. i just don’t take the wave indicator that serious. the rest is pretty much the same. let’s see what the rest of the week brings. will maybe post some possible setups for the upcoming week this weekend.
cheers
I would have to say that the best way to stay consistent is to automate your trading. This has challenges from a technical point of view (can you program), but it forces you to be consistent and logical, accounting for all possible what-if’s. It forces you to be completely honest about your entries and exits.
Hi 4evermaat
This strategy is very difficult to automate due to its subjective nature in the elliot waves but also in selecting the appropriate SR levels, but understand the logic in your point. Thanks
if theres any part of this startegy that makes it awesome its the risk reward ration no stress when ur in a trade
if you can keep your fingers from closing trades at 250% instead of waiting for 300%… yeah 
SR player one question: When you said you make 30-40% a week, did you mean relative to your total trading account? or just relative to the capital invested? so for example, you have 5 trades a week, each one risks 5%, so you invested only 25% of your total account. do you make 30% on these 25% (which would lead to 7.5% increase in your total account) or on the 100%?
Return off total account size TopFroxx
thanks, that’s what i thought.
That is what I suspected. With subjectivity (in evaluating the entry and exit points), it is difficult to duplicate such a system. This makes it much more “luck” based vs pure mechanical approach.
that’s true. however, you also need to evaluate the positive aspects of subjectivity: it makes your system much more flexible (which from your point of view is a flaw). the market is not static. imo it is much too dynamic for fully automated trading, which is why most (if not all) EA’s fail. i think the “first-best” solution would be a semi automatic system, which can show you possible setups, but where you pick the proper trades yourself. don’t get me wrong, i’m a huge fan of math and automation, non emotional, easy trading. my personal experience is that it is just not working. so what’s the point of automated trading, which can be easily copied, if it is not profitable? just my 2 cents
i cant really con centrate on studying for an exam right now, so i thought i could post a trade i took. the orange box was the SR level i was looking at, which i manually drew. as you can see there was some nice consolidation in that area. but not only that, if you look back on the 4h chart to the end of december last year, there were also a couple of lows! so, a very strong SR level. as you can also see the wave indicator has not retraced back to 0 on that chart. actually i did not even use it for that trade, but seeing that it is at least close to 0 was a plus too. another hint to twist the odds in my favor with this trade was the divergence of the stochastics indicator and the price. while the stochastics formed a higher high, the price did not manage to do so, which i take a bearish signal. my entry was in the middle of the orange box, with a very tight stop loss just above the box. profit target was a little bit above the former low around 0.7521, which resulted in a 3:1 reward-risk-ratio.
I took that trade also. Got out too early with 70 pips. This strategy appears to be sound if only I can learn to let it run