Elliott wave analysis of the week - December 27, 2009

I gave back to the market by just a little (0.5% of the capital) with the last short position in AUDUSD. With this loss cut, I decided to sit back and see if the current price is on the course of the black 4th wave:

EURUSD seems clearer to me to count the wave for some reason than AUDUSD. I believe EURUSD started the blue underline wave 2 that whose scale in price and time should be comparable to the initial wave down (blue underline 1). If this is the case, the rebound of EURUSD is just a begining, and it should continue towards mid January. I am planning to long EURUSD from purple .B to .C (In zigzag waves that traces as A-B-C, the C wave is likely to be an impulse wave, and it would be easy to trade.):

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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.

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

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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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