early '20 trading path fulfilled
alright my trading plan and path for early 2020 I shared a whole 9 days ago...has been met...
we got the iran missile (didnt know what would cause it) sub 3200 mini (iv) pull-back i was looking for from 3240....check
then we have since got the run from sub 3200 to my desired fib region of 3275/3330...check...
so this nice swing path has been fulfilled...and for me its now the patience part to wait for the next clearer probabilistic path...
if this gets through 3337/3345 then it can get to 3350/3387...why im waiting for more clarity before doing anything...
my goal this year is to take these lower stress swing trades with stops...once the probabilities get lowered I reassess and wait for next one to develop. Nothing wrong with being able to take if maximized the trading path i posted a cool 50 down then 140 up....full disclosure i took 38 down and only 65 up....
I am going to try to be more detailed this year as far as swing trades like this where you can hold positions for days or weeks...this one just happened really fast. I think too many people get confused and mistake different time-frames with full positions or different goals...
so ill call that Swing trade plan #1 for the year of S1....now since I'm expecting a wave 4 pull-back, but have zero confirmation of that starting, i remain waiting for that confirmed setup....so i can move to Day trading setups or quick trading setups ill call those T's....
don't confuse that with long term positions or swing investments or cores...ill call those Core's or C's.... meaning multiple weeks or months...can even hold for year or years...like my cores in Metals right now...those are C's....
fire away with dialogue and comments/questions etc....like to take it up a notch with the knowledge sharing/learning this year for those who'd like it....
over and out...
gave updates along the way
https://www.elliottwavetrader.net/members/atchat/?threadId=5688766
https://www.elliottwavetrader.net/members/atchat/?threadId=5690786
https://www.elliottwavetrader.net/members/atchat/?threadId=5690998
https://www.elliottwavetrader.net/members/atchat/?threadId=5692540
https://www.elliottwavetrader.net/members/atchat/?threadId=5698867
