Looking to go long. Just observing now.
Weekly Chart
8 hour Chart
Technical Analysis of the Forex Spot Markets using Elliott Waves, Chart Patterns, Candlesticks and other tools. Disclaimer: None of the comments in this blog shall be construed as professional trading or investment advice.
Sunday, January 30, 2011
Saturday, January 29, 2011
EURUSD Forecast (29 Jan 2011)
Looking to short. Observing wave pattern unfold (see 4h chart below) before entering trade.
Weekly Chart
Daily Chart
4h Chart
Wednesday, January 19, 2011
Free eBook: 5 Ways You Can Use Trendlines to Improve Your Trading Decisions Continue reading to learn more.
Robert Prechter’s Elliott Wave International (EWI) has just released a free 14-page trading eBook: Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions, by Senior Analyst Jeffrey Kennedy.
Trendlines are one of the first technical methods most traders learn. Unfortunately, too many traders discard this simplest of all techniques for more advanced methods.
Yet with the right education you will find that a simple line can tell you a world of information about a market. In this free eBook, Jeffrey Kennedy will show you five ways to draw trendlines that will help you to identify support and resistance, the end of a move, and changes in trend – critical information for your trading success.
Jeffrey’s trading eBooks have been downloaded thousands of times because he teaches you in a way that enables you to immediately apply the method to the markets you follow. And what’s even better, he believes in the methods he teaches and uses them each and every day in his trading and analysis.
Learn 5 ways to apply trendlines to your trading and investing.
(Hurry! This eBook offer is only available through February 7.)
Sunday, January 9, 2011
Recommendation: INO.TV Videos
If you follow my posts, you will realise that I only recommend items that I personally use and like it.
I’d been looking at the INO.TV videos for quite awhile and realised that it is quite the treasure trove of videos. In fact, I’d like to recommend that you watch “Market Wizards Insight” by Jack Schwager for free and see for yourself. You will need to sign up, but don’t worry, sign-up is quick and easy. If you are already trading, Jack should need no introduction, if you are not, then you are in for a treat!
Enjoy your videos!
EURJPY Forecast (9 Jan 2010)
I’m experimenting the effect of trading only after the turn has been made. (i.e. more of a breakout strategy rather than a contrarian one).
This is an observation of EURJPY, which looks like it is in wave C of Wave .iv. Would look for the completion of wave .iv, to hunt for wave v.
Just waiting to observe price movements for now.
Comments welcomed!
Joe DiNapoli Interview
Here are 4 clips of Joe NiNapoli’s interview. Definitely some interesting insights and mindsets here.
Wednesday, January 5, 2011
Prechter on CNBC - "Not a bear among them"
Robert Prechter of Elliott Wave International and Don Luskin of Trend Macro share their opposing market views with CNBC host Larry Kudlow. (Note: Prechter's interview starts about four minutes into the interview).
Get Up to Speed on Robert Prechter's Latest Perspective — Download this Special FREE Report Now.
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