This was an easy one to see coming....did you see it? WAVE COUNT After I saw the rally following the lows set by what I marked as a completed wave A, I immediately started thinking how the 3 wave correction would unfold. If you are a seasoned wave counting trader, that's how you think. So when that rally ended, I counted that as a completed wave (W). Yes, it...
There is NEVER a SURE 100% trade. And I'm not giving you one. Let's be clear about that. But as you can see on my chart, I'm sure enough about what is about to happen to the Nikkei that I am already SHORT on it TWICE OVER. And if prices do go the way I am projecting and they do pull back up and cover those HUGE gaps that were left behind, I'll be looking to sell...
I don't know how many times I have been challenged about the efficacy of wave counting in trading and whether it really works or not. Most all the time, the ones who challenge me have no true understanding or knowledge about wave counting and how it truly works. Only superficial sense about what wave counting is and they pass judgement based on loose information....
The object of wave counting is to be able to identify prime trading opportunities with the lowest risk based on what we know about how waves work. Yes, it's complicated and takes a lot of work and CONTINUOUSLY adjusting your counts in order to stay ahead of the game. But if you are lazy and don't want to put in the work, why are you expecting to make money...
This is the power of wave counting. For the past few days, GBPJPY has been jumping up and down more than an EKG on a jackrabbit! And if you have been trying to trade this while it was jumping like that, I'm sure you have been very frustrated! Trading sideways patterns like that, especially ones that have tight swings like this one is suicide! Only for those that...
If you trade Gold, you must know that the GDX and the GLD are both derivative markets of Gold and are closely correlated since they both track aspects of Gold. So when either one of these move, then you must look to the other one's and see what they are doing, going to do or done already. They can give you precious clues as to what the other markets are going to...
USOil is showing signs of having topped. But then again, it has done that several times. And if you didn't know or at least had a good idea of where in the wave count oil was at, then you probably don't have a clue. In my wave count scenario as you can see on my chart, I am showing that it has "sort of" topped! What I'm counting is that the MAJOR Bull wave (3)...
Does this sound familiar to you? You spend hours analyzing the charts. Scouring the internet for clues as to what the market is going to do. After you have done all your homework and convinced yourself that you have a strong enough idea of what is to happen that you feel confident enough to place the trade. You calculate a stop that according to your personal...
A couple of weeks back, I posted a quick lesson on my "double top" trade setup and how POWERFUL it is when used CORRECTLY! Yes, I know that double tops is not new and many of you use it already BUT I add some POWERFUL confirmations to it that lead to truly POWERFUL profits! Here's the link to that post: Here's another example. So far, we are in profit by...
Just so you know what this post is about, if you have followed me for any amount of time, you know that I am a Technical Analyst and I believe that the chart tells you all you need to know. Its only a matter of if you are able to interpret the signals it is giving correctly. There are so many examples of this that backs up this theory that its hard to say its not...
If you follow the FTSE at all and you also follow my trades, well, you've been KILLING IT! We just closed our LONG trade on the Footsie and bagged another +320 points to go along with that +635 points whooper of a trade when we caught that collapse back in January. That is a +955 points profit on 2 trades! Yep, we are 100% on our trades in the FTSE so far since we...
Psssttt!!! Want to know how it is that we caught this BIG drop down and are now in profit over +350 pips? Yes? Then read on! This setup does repeat itself A LOT! If you can spot it, maybe you can bank pips like my subscribers and I do! First, you need to know in what wave are prices in. If you look at the Daily chart, you see that I marked off that BIG move up...
I recently just posted a lesson on how I analyzed and predicted that Gold was about to drop and drop BIG (see this post: . The reason I point out that post as related to what I am about to post about here is that they are very similar. No. I am NOT suggesting that there is any kind of correlational relationship between Gold and the Kiwi. If there is, I don't...
Alright, I haven't posted anything here in a long while as I've spent all my time analyzing and posting charts for my subscribers. But I haven't completely abandoned this community! So Gold, what has been going on? Just taking a look at the constant swinging back and forth in the past weeks, no one can blame you if you were completely lost and confused and have...
So how many of you were surprised and got caught off guard with the recent market bloodbath? Be honest! Were you all surprised about it? If you weren't and you cashed in on this massive drop, congrats! As for me, I warned about a coming BIG MOVE way back on January 9th on my site to the people who trusted me that this was coming and issued a SELL recommendation to...
Recommendation: SELL Earlier this month, I issued a STRONG SELL call on the footsie. Right after I issued that sell call, it proceeded higher. BUT not for long! When it reached the upper TL, it got rejected and then ......down she went! From where we got in on the sell to present, it has moved 82 points (as of this post). On a standard lot of 1000 indexes, well,...
After my prediction that NEO was going to hit $100 (see this post: " NEOUSD: Another Chance To BUY Before $100 "), it EASILY reached that mark and just a little higher. But now it is stalling there. What's next? After taking a 2nd look at this technically, it does look as if this is going to be going MUCH HIGHER! I would not be surprised to see $200 or even...
First this is a LONG TERM forecast and not a comment about whether it is time to sell or not on this current strong move up. I am not trying to answer that question on this post but rather to give a "roadmap" on what to expect going forward. Once you have a roadmap, then you can find your way to the destination! And that destination is sitting MUCH, MUCH higher!...