So far, +315 pips move on our trade..... My last post on Gold, I posted this chart: With that update, I also said "Gold is still heading down in a wave (iii). So DON'T try to BUY yet! And yes, it is TOO LATE to try to SELL and get in on the downtrend because this wave (iii) may be coming to an end soon. By my wave count, it should retrace back up soon in a...
Back on August of last year, I declared that this pair had hit the top and it was about to DROP. At that time, very few people listened to me because I was still relatively new to this site. And at the time, UDSJPY was on a STRONG uptrend and of course, many fundamentalist were calling for even higher prices. Well, flash forward to the present and look back, I...
Twenty days ago, I posted this post: And 24 days ago, I published a report on Gold where I said that Gold is "Poised For A Large Move". It was released as a FREE report available to all registered members of my website. I SHORTED Gold as per my analysis. You can still get that report here: bit.ly Were you patient enough to wait for what I said was going to...
Did you miss that move up? After I warned you about a pending reversal coming? A month ago on July 28th, I posted this: QUICK TAKE: USDJPY COULD START A STRONG MOVE UP It didn't exactly move up from the point I posted that but all the signs were there that there was going to be a reversal and a move up. Well, it has done exactly that. If you were a member of...
I don't know what other trader's see or how they come about their analysis but this was just TOO OBVIOUS to miss, IMO. On 8/24, 5 days ago, I alerted my members to this trade and to SELL on a retrace of a completed 5 wave advance and a retest of the lows. They listened and now they are in +155 pips profit so far and we are looking for more! Yes, this pair is STILL...
Ok, first. I'll describe what is going on now and then I'll let you know what I think is going to happen longer term. What you are seeing is the move up from the lows set on 8/16. My members were alerted to go LONG on this pair back then expecting this move higher and have already banked +183 pips (+366 pips actual) on this move up by closing half our positions...
In the last week, EURUSD had been completing an ED to finish off this corrective wave X. It did that a couple of days ago and then it broke that ED. I warned my members that to wait for the retest of the broken ED to look to SELL this pair. Well, today with the news release of Yellen's speech, it did EXACTLY that. Those who were alerted sold this pair on that...
I had been predicting that this pair was going to fall for sometime now. Today, we most likely have seen the top and prices are going to proceed to head lower. I have been tracking a ending diagonal take place and had been waiting for it to complete which it did today after Yellen's speech. After it completed that ED, prices began to drop. That completed ED was...
4 days ago, I published a report on Gold where I said that Gold is "Poised For A Large Move". It was released as a FREE report available to all registered members of my website. I SHORTED Gold as per my analysis. You can get that report here: bit.ly It contains a FULL ANALYSIS on Gold from MONTHLY chart on down to the 4HR chart and the reasons why I am...
There has been a MAJOR change in my overall outlook on USOil from my previous analysis. See here for my previous wave count analysis: This is a snapshot of what I am seeing is to happen. It is currently still in a wave 3 up. That wave 3 is still NOT complete. When this wave 3 is done, then should be looking for a wave 4 retrace to get underway that could...
Previously, I had posted on this pair and predicted that it should fall. Here is that post from 10 days ago: Well, that prediction was obviously premature but if the current price action is any indication, it wasn't wrong. I've remained SHORT in this pair for days now waiting on it to drop. It did just that yesterday but ran into the uptrend TL and bounced off...
I have been waiting for days for this to complete this Bat pattern which it just did today. In addition, it also completed a ending diagonal pattern to complete the overall wave (c) and the larger wave X. This is a good opportunity to get SHORT for a possible nice move down. My stops will go above the X point of the Bat. For complete coverage of EURUSD along...
NZDUSD: News Is Unknown But The Chart Is Clear NZDUSD is stalling now ahead of the RBNZ rate decision. Rate decisions nowadays are all the rage. And have been the cause of much volatility. But if you ignore the news and just look at the chart, it is telling a clear tale. Here in this 4HR chart, you can clearly see that NZDUSD has already turned a corner...
Last month, I published a report on USOil where I said "USOil: Will We See $30 Again?". Since then, we have seen Oil plunge back down and finally hit $39. So not quite the $30 that I was hinting that it might get to. Now, do I REALLY expect it to hit $30? Well, that might be somewhat extreme but not outside the realm of possibilities. In any case, this drop in...
By my wave count, the next move could be a wave (iii) impulse wave up. The previous corrective wave 4 may have already finished and the wave (iii) may have already started with the wave (i) already completed and the wave (ii) just about to complete. You could take this trade with relatively low-risk as the stops would go below where I have the wave (i) beginning...
In a previous post a few days ago, I gave the suggestion to go LONG based on my wave count and that Gold had reached a critical zone where a confluence of factors came together to provide strong support. Well, I went LONG at that point but also got stopped out when I moved my SL to B/E before the FOMC as there was much doubt as to how Gold would react. But now...
3 days ago, I posted an update on USOil where I had just closed my trade on it and pocketed a quick +146 pips on a short term trade. I closed that trade as it had reached my target at some critical levels which I said could provide some good support for a retrace. Well, since that post 3 days ago, prices for oil have just hung around that critical level support...
3 POTENTIAL Bats are waiting to be completed below. If you are thinking ot go SHORT, take heed of these bats as they are warning to not be too aggressive going SHORT on this pair for now. My wave count also shows that this pair is currently in a wave 2 correction and this correction needs 3 waves up before completing. So far, only wave (a) of this correction has...