EuroMotif

EuroMotif Mod Updated 

Not much of a Gold trader here. Just a Gold holder, always looking to buy more. Just bought a little more $1301.00 :) Couldn't resist the perfect support level and Fib confluence. Hoping to see at least 1318, then higher! Will post updates as price action develops.

EuroMotif Mod

This is in followup to previous trade posted here: Took profit at 1318 on last trade. Re-entered small long at 1311 Hoping for TP1=1320, T2=1325

EuroMotif Mod

RBNZ rate statement next week. Not a good time to look for long term positions. But scalps before then might be worth considering. I am expecting a bit of a bounce for such a long down turn. Already entered small (0.1% of account) longs in the green bar. I might enter more longs when ABC looks to be completing a little below. If I get entries that survive,...

EuroMotif Mod Updated 

Possible trade plan for NEXT WEEK. (currently Friday, not a good time to enter a trade). So this is posted just to observe action on Friday and the Monday will be possible entry watch. This is based on TA only, have been out of touch with Fundamentals. Looks like UK downtrend might be turning (USD in general). First EW impulse waves have had extended wave 5's,...

EuroMotif Mod

The question of 2018: Is it a BUBBLE BURST ? or just a CORRECTION ? Observations : Using a line chart (on close) eliminates noise. BTC routinely retraces to 786 in all time frames. This correction was a typical ABC (B=A*618, C=A*2.0) Bears tried twice to push ABC to full extension. Bears still might accomplish full ext to 6,000 at most. Conclusions...

EuroMotif Mod Updated 

I have been short since a we started dropping from the top. The end of 5 orders of magnitude of wave 5's was a clear top. GU may fall for another 3-6 months straight. But for now I am mostly out of shorts, wee bit still riding to 1.36 hopefully. Thanks to the fundamentals, we might have a little more room to the down side. This is a followup to the previous...

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...

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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