Yet again, the year has passed all too quickly and we find ourselves enjoying the season of goodwill and a trading holiday. 2018 has seen remarkable moves across just about all the instruments, the DOW in particular., offering plenty of chances to bag some pips.
For the H1 traders, eWavesHarmonics gave us lots of setups this year, just for trading eW4 into eW5, let alone the numerous other opportunities: -
EURUSD TZ1 hit 40 times for a total possible 3,967 pips (or more, if you targeted TZ2 on some trades). The last TZ1 hit was on the 19th Dec, after a retrace price went to TZ2 on the 20th – that was nearly a 10R trade from the W4 TLB.
GBPUSD H1 did even better, reaching TZ1 48 times for at least 6,886 pips
USDJPY H1 reached TZ1 38 times for a minimum 3,291 pips
In terms of pip-gains, DOW H1 was monumental: TZ1 reached 50 times for a minimum of 28,554 pips – just incredible and some mind-blowing RR opportunities there, that I know many were able to benefit from.
And … that’s just a few examples from H1. I could go on for the lower timeframes and other instruments but it takes a fair bit of time to gather those stats.
(pip figures quoted are from the bottom of eW4 to the auto-plotted TZ1)
During 2018, I added some extra videos to the Trader Training, increasing the total to 19. Feedback from traders who have done the course has been terrific, so thank you to everyone for your kind words; I’m obviously very happy that I’ve been able to help with your trading success and that some traders are now confidently trading on behalf of others. More videos to come in 2019. I also made quite a few improvements to eWavesHarmonics and the Advanced Trade Manager; and have a few more ideas for enhancements in 2019, as time permits.
In my last pre-Christmas post, I said I wanted to create a fully hands-off EA this year. With just a couple of weeks to spare, it looks like my goal has been achieved: trading eW4s into eW5s using harmonic-type patterns. The first week of forward-testing (last week) saw the account grow by 5.4%; but that’s just one week of trading on DAX and DOW M1. I’m planning to do a further 3 months of forward testing before claiming success; more details to follow when there is something worthwhile to be shared (we might just have had a lucky week). Automated trading will be my focus for the new year.
A very big THANK YOU for your support in 2018. Whatever you celebrate, at this time of year, I wish you and yours a very happy and relaxed time and, of course, a most prosperous pip-filled 2019.