The ABC Setup on the EURO AUD went to its target as expected today. The movement was sharp as is typical of these signals, leading to the 195-Pip gain in just under 24 Hours.
The combination of this being an ABC Setup with a Pennant made it all the more likely that movement would be fast. From here the pair could move even higher in sync with the other EURO crosses across the rest of the market.
The Stop Loss used was higher than that which I use in my Methodology outside of the Trader Contest so this was missed. This is part of the challenge of these aggressive Trader Contests. At times you have to adjust your strategy so as not to miss these types of trades with the added "comfort" that it is taking place on a Demo Account.
Lets see what takes place tomorrow and next week with the other Euro pairs such as the EURO JPY which continues to look bullish.
Good luck all!
The combination of this being an ABC Setup with a Pennant made it all the more likely that movement would be fast. From here the pair could move even higher in sync with the other EURO crosses across the rest of the market.
The Stop Loss used was higher than that which I use in my Methodology outside of the Trader Contest so this was missed. This is part of the challenge of these aggressive Trader Contests. At times you have to adjust your strategy so as not to miss these types of trades with the added "comfort" that it is taking place on a Demo Account.
Lets see what takes place tomorrow and next week with the other Euro pairs such as the EURO JPY which continues to look bullish.
Good luck all!
