EuroMotif

EuroMotif Mod Updated 

RBA news coming shortly, looking for a long entry (about 30 mins after this posting) So if it just dies on the chart, don't hold that against me :) No entry yet. This would be the ideal place and time for a bounce. Would not be surprised at a stop run below 0.75 through. So I will be watching for such spike DOWN on GOOD news! Will wait for the news to seek...

EuroMotif Mod Updated 

After the massive spike/bubble, EOS is showing some consistent FIB and Elliot Wave patterns in pullback. So just throwing this out there, as $15 looks like possible long entry.

EuroMotif Mod Updated 

Am currently short, looking to TP a little above 75. Will watch the behavior at $75.00 for a possible long from there.

EuroMotif Mod Updated 

Fibs and EW pointing to possible 9k retest. Might be an ABCDE correction, meaning consolidation.

EuroMotif Mod Updated 

GBP econ news was not good. Extended down move to 3.618 extension - very bearish sign. 1.4000 psych number, plus Monthly Pivot stopped the fall. Expecting a decent bounce, even though it has not been vigorous yet. Will be looking to short at 382 retrace. Hoping to catch continuation to 1.375. Have NOT entered yet. Will be watching for the bounce and then...

EuroMotif Mod Updated 

Quick thoughts on recent price action. Shows possible thought process of whales / market makers. So for my Stop Loss settings, I ask myself: -Where are everybody else's stops? (too much of a target) -If I put my stop above/below, what happens to my Risk v Reward formula? -If I can not my stop above/below, am I just asking to LOSE that stop?

EuroMotif Mod

The top was pretty obvious, with four orders of Elliot wave 5's coming to an end. I sold most of my long up there (90%), and left trailing stop on 10% which got nailed. Elliot Waves and Fibs were a perfect guide up the mountain . Now trying to plot the retrace. In theory there should be an ABC. But to WHERE is the question. Elliot says ABC can come back about...

EuroMotif Mod Updated 

Above are some thoughts about the retrace of bull run. There were a total of FOUR ''orders'' of wave 5's that ended around 9750. ''Orders'' as in larger and larger fractals of the 12345 impulse waves. The smallest order in question tried but failed. The next larger order seems to be holding for now. But for long term HODL'ers, a retrace to the Largest Order...

EuroMotif Mod Updated 

BTC has had a great bull run. Blew through a lot of technical ''ceilings''. Just knocked into Weekly R2 pivot. Usually the top for that week... usually..... But the Monthly M3 + Weekly R1 pair might need retesting. But that Monthly R2 at 10.2k is looking very juicy, filled with tasty short stops. Let see how this goes, am not that confident since pullbacks seem...

EuroMotif Mod

This trade plan is based purely on Technicals, not considering Fundamentals at this time. Looks like UJ is just about to complete a wave 5. I expect 108.00 to be strong resistance, and should end impulse wave up. But they might run stops above 108.00, so have second target to watch. Will be watching closely as each red zone is approached, for sings of pullback...

EuroMotif Mod

Following Fibs and EW. Oil -0.31% looks to have pulled back a bit and might climb again. CAD value dependent on oil -0.31% price so might increase in value.

EuroMotif Mod Updated 

EW count have been paving the way. If the UC downtrend continues, then 1.18 might be in the cards. Will update with any modifications to the EW count

EuroMotif Mod

This is my third installment about Pivot Points. This Chapter is a simple discussion of estimating UPCOMING Pivots. The math is based on the ''Traditional'' Pivot calculation method. This process would apply to other Pivot styles as well. I have not found any existing Script/Indicator that looks to Next Period. So I am learning Pine Script to program my own...

EuroMotif Mod Updated 

EUR/USD finished a well defined 12345 impulse. Looks to be topping in Wyckoff Distribution style. Should result in a markdown, perhaps to 1.18 by end of May

EuroMotif Mod

Admittedly a Technical guesstimate only, not really considering fundamentals. NZD looks to be on a well defined impulse wave up. All of the fibs are lining up as they should. Perhaps a bit TOO clean (suspicious) but lets see how it plays out.

EuroMotif Mod

Technical Analysis: All Elliot Waves are following Fibonacci rations perfectly! Has been in downtrend for quote a while now, no signs of reversal yet. Fundamental Analysis: Even if Fed hiking rates, the USD is not garnering capital. (perhaps the rate hikes were not only priced in but overpriced into market?) Trump does not necessarily want a strong USD. My big...

EuroMotif Mod

BTC at a critical point in terms of level of bullishness. Just hit the Monthly Central Pivot. New week and new Weekly Pivots coming. Trying to evaluate if wave iii has ended and wave V yet to come, or if wave V has ended and we start a more serious ABC correction. Should know soon enough....

EuroMotif Mod Updated 

This is a follow up to my previous Idea. Please see that one first if you have not yet done so: Chapter 2: ''Mid'' Pivots or Mid Points. Math: Simply 1/2 of the two Main Pivots nearby. Order: M-1 is halfway between Support2 and Support1. M-2 is halfway between Support1 and Central Pivot and thus M-3 and M-4 are above Central Pivot, counting UP. Not...