Monday, 4 November 2013

GBPUSD double top

Hi Traders,

Before getting into the analysis of GBPUSD, don't forget my Elliott wave Bootcamp in SYDNEY.

THURSDAY Nov 14: ELLIOTT WAVE BOOTCAMP in Sydney (8 hours for $650).


Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADER". Hosted in City Index Sydney.


If you want to be part of the ELLIOTT WAVES BOOTCAMP in Sydney:

  • click on "HERE" to be re-directed to a Payment Gateway.
  • for further information call Richard Vatner at City Index Sydney: 02 9270 3618.


DESCRIPTION


  • Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.

  • Spot the major turning points.

  • Identify profitable long running trades

  • Identify and avoid bad losing trades

  • Keep your trades running for as long as needed 

  • To successfully master the "Wave Oscillator" to identify safer entry/exit points.

  • Spot the major turning points.

  • Identify profitable long running trades

  • Identify and avoid bad losing trades



    If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

    • click on "HERE" to be re-directed to a Payment Gateway.
    • for further information call Richard Vatner at City Index Sydney: 02 9270 3618.



      ...




      THE ANALYSIS: GBPUSD





      The Pound (now at 1.5923) did exactly as predicted. It has completed wave 3 upward (daily chart) with a double top and then reversed. It's now almost on the 1.5908-1.5881 support.

      If the support holds it should bounce back to 1.6032 and 1.6075 and then down again.

      TARGETS

      First 1.5908-1.5881

      then

      likely: 1.6000
      possibly: 1.6079
      maybe: 1.6122


      ELLIOTT WAVES

      After the double top, the GBPUSD is supposed to perform a retracement to the area 1.5706-1.5692 in 3-5 waves downward. This retracement is wave 4 (daily chart) and should form an a-b-c or an a-b-c-d-e.





      weekly chart - click to enlarge






      daily chart - click to enlarge






      wave oscillator over the daily chart - click to enlarge






      4-hour chart - click to enlarge






      wave oscillator over the 4-hour chart - click to enlarge







      1-hour chart - click to enlarge 





      wave oscillator over the 1-hour chart - click to enlarge





      Sunday, 3 November 2013

      Major Indices, TTP

      Hi Traders,

      Before getting into this Comparative Analysis of the Major Indices, check the Elliott Wave Bootcamp in SYDNEY.

      THURSDAY Nov 14: ELLIOTT WAVE BOOTCAMP in Sydney (8 hours for $650).

      Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADER". Hosted in the premises of City Index in Sydney.

      If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

      • click on "HERE" to be re-directed to a Payment Gateway.
      • for further information call Richard Vatner at City Index Sydney: 02 9270 3618.


      DESCRIPTION

      • Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.
      • Spot the major turning points.
      • Identify profitable long running trades
      • Identify and avoid bad losing trades
      • Keep your trades running for as long as needed 
      • To successfully master the "Wave Oscillator" to identify safer entry/exit points.
      • Spot the major turning points.
      • Identify profitable long running trades
      • Identify and avoid bad losing trades
      • Keep your trades running for as long as needed 



        If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

        • click on "HERE" to be re-directed to a Payment Gateway.
        • for further information call Richard Vatner at City Index Sydney: 02 9270 3618.



          ...




          MAJOR INDICES: TTP


          Apologies but I won't display the usual charts as there are far too many charts to work on.


          I checked 4 indices: DJ30, FT100, S&P500 and SPI200 and we seem to have a common Time Turning Point this month, possibly  between Mon Nov 18 and Fri Nov 29. 

          If this analysis is correct, this might be an important top. It should be the top of "major wave 3" in the weekly chart (not displayed).

          Hence, a major retracement might follow to form "major wave 4" over several weeks following this top.

          "Major wave 4" usually take the shape of an a-b-c-d-e, meaning that it might last for quite a while.

          Hence, be very careful for the rest of the month and use the "Wave Oscillator" to spot this turning point if it occurs.

          I'll keep you updated.





          Thursday, 31 October 2013

          WTI OIL, almost there

          Hi Traders,

          Before getting into the analysis of WTI OIL, don't forget my Elliott wave Bootcamp in SYDNEY.

          THURSDAY Nov 14: ELLIOTT WAVE BOOTCAMP in Sydney (8 hours for $650).


          Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADERS". Hosted in City Index Sydney.


          If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

          • click on "HERE" to be re-directed to a Payment Gateway.
          • for further information call Richard Vatner at City Index Sydney: 02 9270 3618.



          DESCRIPTION

          • Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.
          • Spot the major turning points.
          • Identify profitable long running trades
          • Identify and avoid bad losing trades
          • Keep your trades running for as long as needed 
          • To successfully master the "Wave Oscillator" to identify safer entry/exit points.
          • Spot the major turning points.
          • Identify profitable long running trades
          • Identify and avoid bad losing trades
          • Keep your trades running for as long as needed 



            If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

            • click on "HERE" to be re-directed to a Payment Gateway.
            • for further information call Richard Vatner at City Index Sydney: 02 9270 3618.



            ...




            THE ANALYSIS: WTI OIL





            The WTI OIL (now at 96.60) did exactly as predicted and it's moving to target area around 95.00-94.79.

            After hitting the new low it should start a new uptrend that might take it to the area 104.00-104.31 (see weekly chart).

              
            TARGETS

            First: 95-94.79

            then 

            likely: 98.88-99.22
            possibly: 101.72-102.07
            maybe: 104.00-104.31

            ELLIOTT WAVES

            The weekly chart shows that this is the first leg down of wave 4.


            A pullback is expected to 104-105. This might be followed by another leg down to form an "a-b-c" ending around level 91.00.

            NOTE

            However, if the oil doesn't perform a zig-zag (a-b-c), it might stretch straight to the area 112-115 (weekly chart).






            Monthly chart, click to enlarge






            Weekly chart, click to enlarge






             Daily chart, click to enlarge






            Wave oscillator applied to the daily chart, click to enlarge






            4-hour chart, click to enlarge






            wave oscillator applied to the 4-hour chart, click to enlarge






            1-hour chart, click to enlarge






            wave oscillator applied to the 1-hour chart, click to enlarge

            Wednesday, 30 October 2013

            GBPUSD, double top

            Hi Traders,



            Before getting into the analysis of GBPUSD, don't forget to REGISTER FOR THE 2-HOUR ELLIOTT WAVES FREE SEMINAR IN SYDNEY TOMORROW.


            All this powerfully organised & hosted by the mighty City Index in Sydney.


            At the Seminar you will have a fair idea of "How to":
            • recognise & label each wave properly
            • predict the direction of new trends
            • correctly identify the starting point of new trends
            • determine targets
            • identify Entry and Exit point in daily, 4-hour and 1-hour charts.



            Your approach to trading will change foreverThis is a chance NOT TO BE MISSED to get a true insight of Elliott Wave Trading. 



            TO BE SURE THAT YOU GET YOUR SEAT call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message.




            ANALYSIS: GBPUSD




            The Pound (now at 1.6050) displays a double top in the daily chart that should take the pair to the area 1.5706-1.5692. Be aware that in the very short term (1-hour chart) it might bounce back to the area 1.6097-1.6109 or higher.

            That should be your entry point to the target far below.

            TARGETS:

            first to: 1.6097-1.6109
            then
            likely:  1.5706-1.5692
            possibly: 1.56
            maybe: 1.5542

            ELLIOTT WAVES:

            The GBPUSD is in a uptrend and performed 3 waves up (out of 5). The one it's performing now is the retracement wave 4. Hence, don't expect the Pound to move down in one go.

            If this analysis is correct, it will display 3 to 5 waves down (a-b-c or a-b-c-d-e).

            NOTE:

            I'm under the impression that the BOE entered with an heavy hand around 1.6260. However, it should leave the market alone as long as the pounds keeps dropping.




            monthly chart - click to enlarge









            weekly chart - click to enlarge






            daily chart - click to enlarge






            wave oscillator over the daily chart - click to enlarge






            4-hour chart - click to enlarge






            wave oscillator over the 4-hour chart - click to enlarge







            1-hour chart - click to enlarge 





            wave oscillator over the 1-hour chart - click to enlarge


            Sunday, 27 October 2013

            WTI OIL

            Hi Traders,

            Before getting into the analysis of WTI OIL, don't forget my webinars and seminars this week.

            All this powerfully organised & hosted by the mighty City Index in Sydney.

            At the Seminar you will have a fair idea of "How to":
            • recognise & label each wave properly
            • predict the direction of new trends
            • correctly identify the starting point of new trends
            • determine targets
            • identify Entry and Exit point in daily, 4-hour and 1-hour charts.

            Your approach to trading will change foreverThis is a chance NOT TO BE MISSED to get a true insight of Elliott Wave Trading. 

            TO BE SURE THAT YOU GET YOUR SEAT call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message. 


            ...

            THE ANALYSIS: WTI OIL

            The WTI OIL (now at 97.90) stopped right on a major support. However, it might set another attempt to drop to the 95 area before starting the new uptrend.
              
            TARGETS

            First: 95-95.90

            then 

            likely: 98.60-98.88
            possibly: 101.72-102.07
            maybe: 104-104.31

            ELLIOTT WAVES

            Although the daily chart displays 5 waves down, the 1-hour chart shows only  wave 4 (in red), stating the need of wave 5 and a new low (or a double bottom). Then the new uptrend should start.

            NOTE:

            The 1-hour chart also displays a double bottom and a reversal candlestick but those patterns may not be enough to justify a new uptrend straight away.

            If this analysis is correct, we still need this little 5th wave downwards (in the 1-hour chart) before starting the new uptrend.



            Weekly chart, click to enlarge





             Daily chart, click to enlarge





            Wave oscillator applied to the daily chart, click to enlarge





            4-hour chart, click to enlarge






            wave oscillator applied to the 4-hour chart, click to enlarge





            1-hour chart, click to enlarge





            wave oscillator applied to the 1-hour chart, click to enlarge

            Thursday, 24 October 2013

            AUDUSD perfect entry

            Hi Traders,

            Before getting into the analysis of AUDUSD, don't forget my webinars and seminars below.

            All this powerfully organised & hosted by the mighty City Index in Sydney.

            At the Seminar you will have a fair idea of "How to":
            • recognise & label each wave properly
            • predict the direction of new trends
            • correctly identify the starting point of new trends
            • determine targets
            • identify Entry and Exit point in daily, 4-hour and 1-hour charts.

            Your approach to trading will change foreverThis is a chance NOT TO BE MISSED to get a true insight of Elliott Wave Trading. 

            TO BE SURE THAT YOU GET YOUR SEAT call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message. 




            ...

            THE ANALYSIS: AUDUSD, perfect entry




            Hi Traders,

            The AUDUSD (now at 0.9620) seems to have completed 5 waves up, closing  perfectly within the range target calculated with the method of the Fibonacci Queen (in the 1-hour chart). The pair seems to have started a new downtrend.


            TARGETS

            Likely: 0.9532-0.9511
            Possibly: 0.9220
            Maybe: 0.91.94-0.9187

            ENTRY

            It shouldn't bounce back up. Theoretically any entry is good as the 1-hour wave oscillator is shorting already. 



            weekly chart - click to enlarge






            daily chart - click to enlarge






            wave oscillator over the daily chart - click to enlarge






            4-hour chart - click to enlarge






            wave oscillator over the 4-hour chart - click to enlarge






            1-hour chart - click to enlarge 





            wave oscillator over the 1-hour chart - click to enlarge



            Wednesday, 23 October 2013

            AUDJPY, new downtrend

            Hi Traders,

            Before getting into the analysis of AUDJPY let's check some news.

            I'm running some free webinars and free seminars (see below). To register click the links below.

            OCTOBER CALENDAR

            All this powerfully organised & hosted by the mighty City Index in Sydney.

            At the Seminar you will have a fair idea of "How to":
            • recognise & label each wave properly
            • predict the direction of new trends
            • correctly identify the starting point of new trends
            • determine targets
            • identify Entry and Exit point in daily, 4-hour and 1-hour charts.

            Your approach to trading will change foreverThis is a chance NOT TO BE MISSED to get a true insight of Elliott Wave Trading. 

            TO BE SURE THAT YOU GET YOUR SEAT call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message. 


            ...

            FINALLY

            The trading account opened on 16/10/13 (where I place some of the trades I suggest):

            New Equity: +$284.9
            Unrealized: 0.00



            ...

            THE ANALYSIS: AUDJPY, new downtrend




            Hi Traders,

            The AUDJPY (now at 93.60) just started a new downtrend that might take it to the area 91-90. This was triggered by a double top in the 1-hour chart

            TARGETS

            Likely: 92.12
            Possibly: 91.66-90.90
            Maybe: 90.00


            ELLIOTT WAVES

            The AUDJPY is still in a major uptrend as displayed in the weekly chart but the pair completed 5 minor waves that constitute wave 1 up (in blue). Hence, it started the correction wave 2 that should take it to 92-91.


            NOTE: The "wave oscillator" just confirmed the entry in the 4-hour chart. However, there could be a pullback to 94-94.2. That should be your ideal entry point.
                


            weekly chart - click to enlarge






            daily chart - click to enlarge






            wave oscillator over the daily chart - click to enlarge






            4-hour chart - click to enlarge






            wave oscillator over the 4-hour chart - click to enlarge






            1-hour chart - click to enlarge 





            wave oscillator over the 1-hour chart - click to enlarge