In my eyes there is some Bull party about to come and the EURCAD pair is just refreshing itself. So, I am not only throwing out theories but also try to justify it in the easiest, technical form possible. Now I do take fundamental events into consideration but only as such as they give an impuls but not set the agenda.
If you are a fundamental trader and don't...
The USD/CHF recovered nicely after the catastropic crash in the beginning of 2015 and set the it back to start. Looking at the technical side of things it appears that the pair is not finished yet but ready for more.
On a daily timeframe the 1.0300 is pretty salient! Taken all the technical factors in consideration I am pretty happy to have opened a long...
The good mood from the end of last year faded away and left us, once again, with a strong resistance at 1.1000. And from here the misery starts. It really doesn't look good for the Euro against the USD as the odds are long that the EUR finds its way out the undertow of the negative trend anytime soon.
I use it as an opportunity to look for short entries and with...
Dear traders,
in my last analysis I indicated that the bears (should) get ready - slowly but steady. And here they come, roaring and shouting, showing off how fast they can pull the rug out from under the bulls feet. So where are we at?
Is It A Trap?
Based on my analysis and expectation: No! It fits into the big picture and goes conform with my DAX30 analysis...
Dear Traders,
there has been happening a lot since my last DAX30 analysis eleven days ago. I have closed my short positions with some profits and kept quite until the beginning of this week, waiting to bring my long trades into the race.
If you remember, I revised my initial expectation from 'call' to 'put' as I expected the correction not be finished - or...
Dear traders,
the most of us were hoping the oil price would drop forever, well at least those of us who drive a car or have an oil based central heating. But as the commodity market is no exception and no one-way system it had to stop at one point. So it did. The oil price is rising again and the question now is: Was that it? No more cheap fuel at the gas...
Dear traders,
if you follow my analyses and my social media channels regularly you know that I was talking about two scenarios regarding the DAX30 since the (blue) four was seemed to be completed:
1) We stick to the plan and finish the job without any detour. At this stage I was talking about 12,300 as a milestone - which I finally got. I closed all my long...
Two weeks ago I have posted my last analysis about the DAX30, expecting the (red) 2 to be completed. If you remember, I was expecting two possible scenarios, whereof the second scenario became reality. However, the (blue) 4 seems to be complete at this stage and the next and final stage, the (blue) 5 is in full swing.
Right, for all of you who are not really...
So far the EUR/USD went according to plan - except the 4th wave. This may got some of us stumbling. Anyway, I do think it's completed now!
So what do I expect to happen next?
Based on my analysis and all the inidicators that come with it, the story is crystal clear: We are going down. The initial target of 1.02/00 still stands (based on EW counts) but we may...
The last few weeks went like a clockwork. Basically every target zone got hit, every support held and the price action matched perfectly into the overall image of my Analysis.
Now, since we have reached an ATH (all-time-high) at ~12.222 the price consolidated - which again - fit perfectly into my Elliot Wave count, as a small correction was overdue. On this note...
The day before yesterday, on Sunday, I have posted my latest analysis about the DAX30 (GER30) index, talking about the current waves 4 and 5 (green) and a possible target at 11.701.
The expected wave 4 (green) was pretty much spot on, the wave 5 wasn't really but I managed to detect the early completion before it was too late!
Unfortunately the wave has been...
Last Thursday (05-03-2015) I have signalised that the Dax30 (Ger30) is about to complete a small 1,2,3,4,5 wave (red) and a medium 3 (green). Target was 11.658 - actual high was 11.599. Based on that consider the red 5 and green 3 as completed.
Next on the agenda is the green 4 and, obviously, the green 5, which will also be the blue 3. I expect the green 4 to...
Trend is still strong bullish , looking at Ichimoku and Alligator. Setup is clear as well as the big picture. Red wave 4 is definitely complete, so we are working on a completion of red5-blue3-red3.
Target zone can be defined between 11.560 and 11.575.
Note: I bought Ger30 in all of my accounts.
