For the viewers of Real Vision Youtube channel. This is what he was talking about... "Only two other people in the world know this trading strategy." is what he said.
This was a complicated analysis. All news is positive the Dollar and the US Economy, I believe everything is already priced in. NFP will only confirm the direction was fundamental news was correct and the corrective wave will finish wave C or wave b or B. On the other hand, the increased economic outlook should be stock market positive and negative dollar.
Trump's Deal with Mexico... Canada... Rising Oil prices. USD short positions in play. Lower NFP expected.
Head and Shoulders pattern on Daily. Trade wars. Interest Rate Rise in USD
A simple fundamental SHORT for no rate change.
No matter what happens, Either the Interest Rates Rise or They don't... Everything is PRICED IN ALREADY. Considering we have 3 months until EUR QE. Longs are immanent. Nothing More Nothing Less. Cut the BS out of the markets and you will see the Path.
Risking 1% of my account and going long, Fundamental analysis as how i see it, FED will NOT increase interest rates anytime soon. May be mid 2017 highly likely but not 2016. Risking maximum of 5% adding into the position.
So for the analysis worked out just fine. caution on the C wave to complete the B wave. Can result in a dragged move down making a 5 wave pattern or a 3 wave pattern. Regardless of the Britain remaining in the EU or OUT. ELLIOTT count was very much in tuned with the markets.
This is the most probable ROAD MAP for EURUSD. Going forward i will be trading the same.
My expectations on DAX are marked With Red Arrows. To complete the B wave
Possible Shorts on the EURUSD as per PLAN. All Long Positions were closed. Risking 5% of the account because of NFP around the corner. Will adjust the stops accordingly.
(b) wave short target reached. Potential Long. with 1% account risk to target as pointed out.
So far the timings of the projection have been off, but the count seems to be working pretty well. Shorted to target Minor c (brown) wave to complete the (b) wave ( light blue) As marked by the arrow in red .
easy money trading the beast.. looking for the catalyst today ( the interest rates ) :)
Wave B is always very complicated to read. But this is what i am projecting the price to do in the next couple of days. To understand the short term readout, refer to the chart link. here : and updated here:
Wave (b) of Wave C of Wave B in progress as per previous count. Wave (b) is not yet complete. Wave (c) can finish in 3 of 5 waves pattern. waiting for Wave (b) to complete to project approx. end of Wave c, hence Wave b.
EURUSD has complicated its b wave The sub-minute count abc for the B wave counts 3-3-? with possible c wave to complete in either 3 or 5 waves to complete b wave of the larger degree. Then expecting the C wave to move down in 5 waves.