In my last post on USOil where I gave a brief overview of how I used wave counting to get into a trade where my followers and I just reaped +511 pips in profit (see this post: ), I also suggested that this wave ( iii ) was near its end. Wave counting combined with a good understanding of how support/resistance works and how to apply it allowed me to know when...
Back last year, on April 11th of last year almost 9 months ago, I posted this: "Update USOil: On The Way To $60? More?". . Back then in that post, I was already predicting $60 Oil after a period of sideways movement in a wave (A) followed by a drop in a wave (B) as you can see in the chart from back in that post. Here is the updated version of that chart: ...
I keep getting asked how high will the stock markets go? My answer is.....I DON'T KNOW! I'm not a fortune teller after all! Just your humble little chart analyst! And My analysis is has been telling me that the Nikkei should retrace in a wave (4) now. Actually, I had advised my followers to sell this back in November of last year. Been holding that SELL since then...
I actually had advised to BUY this back in November 27th of last year. At that time, it had already made a pullback after reversing off the bottom. But as it goes, that pullback was only the wave w of an wave (x) correction as part of the 3-wave wave 4 correction. Well, from then to now, it has dropped back down to retest the lows and is completing the wave (x) of...
This is what I had to say to my followers about BitCash on Dec, 15th: "completion of this triangle may send bitcash skyward! I'll be looking for that to happen and then look to BUY" Here's the chart I published in my chat group (DISCLAIMER: It was not posted here in the public postings but you can check the chart date for accuracy): Shortly after I published...
This is the chart I posted to my chat group on December 15th: Here's what I told my followers: "If you can buy NEO , you should try to buy it now. it's about to take off!" You can see for yourself what happened after I posted that and advised to BUY! It took off like a rocket! But that is what the chart was saying was going to happen. That's all. No...
I know when I publish this, there are going to be plenty of doubters who will say that technical charting methods don't work on these markets and that there isn't enough history behind it to be able to use wave counting techniques and blah, blah, blah! Well, all I can say is that I'm banking nice profits off my analysis and predictions and so is anyone who...
If you were in on the trades I issued, you would be sitting on some MASSIVE profits already! BUT don't despair! Right now, Gold is setting up another MASSIVE opportunity but you must be PATIENT or risk taking some BIG drawdowns! In the above 2 charts I am showing you here, you can see that Gold is at the moment making a retracement of the previous drop which...
S&P 500 (SPX): Is The Top In? Has This Trend Run Its Course? Don't you believe the hype! Buy the steak, not the sizzle! Sell the news, buy the rumor! Ya-day, ya-da, ya-da! Yes, admit it. You like most everybody are looking for the top of this monster trend and wanting to sell the "bubble" thinking you're gonna catch the top and ride it down. Visions of...
Current Status: LONG Current Profit: +50 pips USDJPY: Heading Higher To Complete Wave X of Larger Correction You can see here that what I am seeing is that prices are now in the wave y of X which is expected to be impulsive. Of course, there is an ALT scenario that says that this may still be in the wave x and not the wave y but it still would suggest that a...
Current Status: LONG +29 pips We went LONG on this pair recently based on the price action around that MAJOR uptrend line. --------------------------------------------------------------------------------------------------------------------- Whenever something does not go according to plan, I always refer back to it and figure why. You always learn more from...
Current Trade Status: SHORT +59 pips We are currently SHORT on this pair catching the possible final wave down into the uptrend trend line where we are looking to close this trade, take profits and then look for a good BUY setup to confirm this analysis. AUDUSD: Stuck Between 2 SR Zones But Now Retesting Key Support. For a almost a year between April, 2016...
Currently SHORT In Profit (as of this post): +60 pips So many of you have been waiting and waiting and waiting for this thing to top so you could jump in and catch the reversal! Well, did you? And do you know or at least have a very good idea of what to expect from here on out? You looking to make a killing on this thing reversing and heading on down MUCH...
Currently SHORT In Profit (as of this post): +115 pips Three months ago on July 2nd, I posted this chart about Oil and was predicting that we would be seeing a continued drop in Oil all the way down to possibly down to the $43-44 levels where a POTENTIAL Bat (blue in this chart) would be filled. Well, 3 months later, we are looking at EXACTLY that...
Recommendation: Watch and Wait The Dollar did not reverse last week as I was projecting it might after completing that crab pattern. But let's keep in mind that prices will often exceed the D point of the crab because the crab CD leg is reflective of an impulse wave. Usually a strong one. And in that sense, the ending of that impulse wave will usually end...
The Dolla r is now showing PA signs of bottoming here after completing that Bat and testing its PRZ. We may get a reversal that leads to a retracement. Taking a LONG trade here would now be a low-risk possibly high profit position to take. That reversal may start this week. Recommendation: BUY with SL below the lows
If someone did, it sure wasn't me! I haven't posted on this pair in awhile but I feel compelled to do so now as I KNOW many, many of you so want to sell this right now! In a word.... DON'T ! Here's why.... IT'S AN STRONG UPTREND!!!! Why do you want to go and "catch a falling knife" (ok, I know it's not falling but its a metaphor!) and put yourself in front of a...
Current Status: SHORT Current Profits: +326 pips In the main chart above, you can see that I am still expecting prices to drop even more.....those who trust and follow me are over +320 pips in profit on this trade so far. I was sent a question to me by one of my followers asking me to comment and explain a chart posted by another OP here. I hesitated to post...