Archive for the ‘Wave A’ Category

$EURUSD Wiped by a truncation yesterday. But loss was small.

Yesterday, I lost in trade, but the bet was small, so was the loss: 0.56%. Nothing to worry about.

Here is my current Elliott wave count. I think what got me was the irregular truncation.


I am waiting for blue underlined B to be marked before trying to short on blue underlined C wave.

$Gold long position being threatened by loss cut line. Look to short $EURUSD in C wave

Dollar strength and India’s rate hike were the news of Friday.

Not much to say about gold and EURUSD though the price action is slightly becoming violent recently.

My gold position from $1120 is meant for a mid term holding, so I did not exit at $1133 peak. My loss cut line is $1097.


I do not have a position on EURUSD, but I am expecting a non-impulsive move up to purple .B. If this is indeed non-impulse wave, I will take a short position towards .C.


Real time trading tweets

The plan in the article may get rejected any time, so please check out my tweets on Twitter.

Current risk exposure:

Rational Move always use stop loss orders, and this is the worse case potential loss over the capital for the currently open positions. This is unrealized loss is less or equal to the risk exposure.

Capital growth

From recent 100 trades (%) The growth right before the 1st trade is set to 0%.
About this graph


From recent 100 trades (%)
About this graph

Total returns

Since inception
(Aug 10, 2009)
Year-to-date Quarter-to-date
0% 0% 0%
This is a normalized value: the return on each trade is normalized against the capital just before the trade execution. This way, it is eliminating the effect by the capital change from deposits and withdrawals. The calculation thus reflects the trading performance of each trade. The value does not contain unrealized profits and losses. RM's trading strategy never risks more than 5% of the present capital. Not including subtraction by tax.

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June 2019
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