Performance

Elliott Wave Trade Ideas Performance Update

Typography
We sold euro against yen at 121.65, however, the rebound from 120.54 turned out to be stronger than expected, the position was stopped at 122.25 and price rose to as high as 122.95 before retreating. We then entered a long position at 121.85 and the position is still holding at the moment.

A short position was entered in USD/CAD at 1.3190 but we under-estimated the strength of the rebound from last week's low of 1.3019, the position was stopped at 1.3250 and the pair rose to 1.3388 before easing.

In short, 3 positions were entered last week with total loss of 120 points and the positions are listed below.


19 Jan : EUR/JPY - Short at 121.65, exited at 122.25 (- 60 points)
19 Jan : USD/CAD - Short at 1.3190, exited at 1.3250 (- 60 points)
23 Jan : EUR/JPY - Long ast 121.85,


| AUD EUR/JPY EUR/GBP CAD
Jan + 5 -155 - 40 -60
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Y-T-D

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Author: Action Forex
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