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




    Gold approaching a minor top

    Hi Traders,

    Before getting into the analysis of GOLD 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. Hence, BE SURE THAT YOU GET YOUR SEAT!


    If you want to be part of it call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message. 


    ...

    FINALLY,
     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: GOLD, approaching a minor top




    Hi Traders,

    Once again, GOLD  (now at 1335) did exactly as predicted. The "new significant uptrend - labelled "wave 3" (daily chart)" started up.

    The yellow metal should reach a minor top shortly, followed by a minor retracement. Then the uptrend would resume.

    The traders of the 1-hour & 4 hour chart might want to target the minor top around 1347-62 to avoid the subsequent pull back to 1313-07. 

    The Traders of the daily chart might want to hold on till the minimum target at  1488 and maybe the area 1531-1534. 

    TARGETS

    Fibonacci Queen's clusters of targets (in green in the daily chart)

    1408-1412
    1465-75

    Other Fibonacci Targets

    likely: area 1447-1462
    possible: 1488
    maybe: 1531-1534 

    ELLIOTT WAVES

    The daily chart displays wave 1 & 2 and started wave 3. If this is just a "two-step pattern" Gold should reach 1488 as a minimum.

    It this a complete new trend and we are witnessing the mighty "wave 3", Gold might break the ceiling. At this stage I have no element to decide which one is which. 
     
    HINT: always wait for a signal of the "wave oscillator" before getting in & out.    
        

    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




     

    Monday, 21 October 2013

    EURUSD, targets

    Hi Traders,

    I checked the targets of the EURUSD by means of the technique developed by the Fibonacci Queen (Carolyn Boroden) and I got some interesting result.

    As you can see by the daily chart we have some "Clusters of Projections". The "old one" was at 1.3673.

    I dare say that the Euro was perfectly on target on Friday given that we had a top around 1.37.

    The other two targets are equally interesting as you can see below. The hypothetical reason explained below.

    TARGETS

    likely: area1.3798-1.3820
    possibly: around 1.4070


    ELLIOTT WAVES

    The Euro is performing a two-step pattern (1-2-3) in the weekly chart. Wave 1 & 2 developed completely. Wave 3 will be sub-divided in 5 smaller waves. Of these, wave 1 & 2 are completed (daily chart). Wave 3 should top at level 1.38.




    weekly chart - click to enlarge






    daily chart - click to enlarge