SteveNixon

SteveNixon Updated 

Price is at the bottom of the "Flag" Channel Aggressive entry - short now or wait to see if it bounces. Passive entry - Wait for correction after break out then sell Hope this helps Good luck Steve

SteveNixon

This is an update to the Daily chart I posted last week (link below) I was expecting this to trade a bit lower before going for a long impulse leg I'm not sure if it will come back down or if the impulse has started We'll know more once price reaches the trend line If it breaks through look for a correction flag and go long If it rebounds wait for it to reach...

SteveNixon Updated 

This an update to the chart linked below The pair have bounced back into the Daily channel and is probably going back to the top As previously suggested wait for the pull back - 32.8, 50 or 61.8 fib level then go long I'll post an update on a lower timescale early next week Hope this helps Steve

SteveNixon

Conformation of my "wolf" prediction Let's see how far down the correction goes Target 1 hit Stops to Zero for a "Free" trade I hope you all got some of this Good luck Steve

SteveNixon

Anyone in Dollar pairs need to keep an eye on the dollar index Looks like a flag to me - long again? Good luck Steve

SteveNixon

As predicted yesterday the pair have started a correction Is it a flag or will it come up to one of the fib levels indicated on the chart? We have keep an eye on it and make a educated judgement call. I prefer to let it come much higher for the chance of a decent risk reward. It may drop from where it is but not worth the risk for now. I'll update this as it...

SteveNixon Updated 

Price is currently at the bottom of the Daily channel It will now do one of two things 1. Bounce up for another leg 2. Go south for a big move Either way wait for the flag before opening any positions Good Luck Steve

SteveNixon Updated 

At the risk of sounding like the boy who cried "Wolf" this is going to go down at some point As I warned yesterday do not get short until you see a downward impulse and a corrective flag We may be seeing the impulse now - lets see how it develops before committing your money Good luck Steve

SteveNixon Updated 

Yesterday I called a short for Cable, It went much further and faster than I expected - I hope you caught some of it Now we have to decide what next? What I see is a break of the recent Daily trend and a possible decent to previous lows How is it going to get there though? Well it may start with a correction of yesterdays avalanche - I'll not be getting...

SteveNixon Updated 

I've been trying to get short on this pair for a few weeks now. Please see attached chart for reason It keeps creeping up but it should make a large correction before going any further up. I've been stopped out on this a few times already but I would hate to miss the drop as it will more that make up for my small losses Lets see what happens - if I see a high...

SteveNixon

This Pair have been in a Flat Channel for 2 - 3 Years (Pink Channel Lines) It recently started a 4th or D leg down toward the channel bottom Price action is currently at the "top" side of the 1 hour channel and may be about to go down again See the attached chart for a close up of the predicted action Hope this helps Steve Good luck

SteveNixon Updated 

OK we are about 50% of target but today could be quite volatile so caution is required If you took this call yesterday I would advise putting your stops to zero or taking your profits if that is better for you. It is very difficult to call this now - lets see if it breaks the short term trend line STTL I'm staying in because stops at zero means a free trade if...

SteveNixon Updated 

I'm expecting this to complete the move to the bottom of the Daily channel Currently it is approaching the 78.6% fib retracement of the previous high This is possibly a good point to go short The pair may go straight through the channel bottom. Hope this helps Good luck Steve

SteveNixon

WTL = top and bottom Weekly Channel DTL = top and bottom of Daily flat correction The pair have been in a Daily channel close to the bottom of the Weekly channel I've been following it down for a few weeks now and it is approaching the 78.6% fib retracement of the previous up move. This has a high probability of going long to at least the Daily Channel Once...

SteveNixon

This may be heading down to the Daily channel bottom It hasn't let us down yet Good Luck Steve

SteveNixon

This pair has just broken down out of an ABC flat and flag If it breaks 0.9700 it could go all the way down to 0.9300 Wait for another flag before getting in If this helps or you agree please leave a "LIKE" Good Luck Steve

SteveNixon

See previous chart for bigger picture The pair seems to be heading for the bottom of the daily channel This overnight correction could be ending at the 61.8 fib If this helps or you agree please "LIKE" Good luck Steve

SteveNixon

This is an update of the previous charts I've been posting on this pair over the past two weeks The pair has been more or less flat as predicted in my first chart It should go short soon and is worth keeping an eye on Please see earlier charts for the complete story If you agree with my analysis or this helps please leave a "like" Good luck Steve