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- Forex Magic replied May 2, 2018
. Two days of Battle and I am back to the financial highs of last week. Today was benefiting from Euro/Dollar selling and SPX scalping. I am "open-minded" about SPX but remain Bearish in Euro-Dollar and with the targets on the chart in view. All ...
- Forex Magic replied May 1, 2018
. SPX - Today's move up is extremely bullish and so I side-line my ideas that another wave down will follow somewhere within the Retraction Range of the previous move down, for now. I will wait for more confirmation
- Forex Magic replied May 1, 2018
. May Month Commences. SPX appears to have done as expected but I think it still formed only one wave down. Therefore, I expect now a reasonably significant 3 leg pull-back. The Fibo. Levels should be noted for confirmation because the next wave ...
- Forex Magic replied Apr 30, 2018
. Note: FF appear to have moved this thread to "Trading Journals". I placed it in Discussion to encourage discussion. Replies and Responses are welcome regardless.
- Forex Magic replied Apr 30, 2018
. In the first instance, I attach SPX M5 Chart and which shows what appears a clear 5 waves down (possibly complete but uncertain about that). If correct we should get a 3 leg pull-back before another thrust down. Secondly, my Grand Plan didnt work ...
- Forex Magic replied Apr 26, 2018
. I can not be so certain that I can safely assume that Wave E of the Triangle at a senior degree is complete. If not we need another Zig-Zag down towards the base line of the triangle. However, I think that we are in a situation where SPX (at least ...
- Forex Magic replied Apr 26, 2018
. It has been quite an eventful day...... in some ways. My lower abdomen is painful and if that is not bad enough upon a "minor trump" while sitting at my desk I actually made a dirty deposit in my pants! This is not something that happens normally ...
- Forex Magic replied Apr 26, 2018
. I took a couple of small gains but the best move for now appears in SELL. My Stop is at the top. Somewhat 50/50 but we can't sit here all day watching, can we?!
- Forex Magic replied Apr 26, 2018
Pretty Chart.... but it is not telling me anything particularly. What do You see ahead?
- Forex Magic replied Apr 26, 2018
. Apple, Facebook and Google all appear vulnerable to further declines and so it not so easy for me to get too Bullish in my bias yet....
- Forex Magic replied Apr 26, 2018
. Thursday 26, 2018 ~ Good Morning! SPX is painting an ambiguous picture. The Triangle may be complete. I would like to think it will have more downside but we could be facing the early stages of a new Impulse which would expect a new all-time high ...
- Forex Magic replied Apr 25, 2018
. I am out for now. Price action is too choppy to get a reliable and strong signal today. I can see now an argument to go either way but given the time of day it is best that I wait for later or tomorrow morning and take matters from there. ...
- Forex Magic replied Apr 25, 2018
. SPX could be facing a new low. The Triangle in the "Bigger Picture" suggests CAUTION around the Lows and the Base Line of the Triangle (or above it).
- Forex Magic replied Apr 25, 2018
. SPX may extend and become perhaps an Expanded Flat and push towards the next Target (in Black). I am flat for now. Daily performance is good and new levels reached. Diary shows new Balance of £3170 and "Floating" at +1
- Forex Magic replied Apr 25, 2018
. I am Scalping Long and Short at such a rate that sharing step-by-step is not practical. Price action remains range-bound in SPX and so maybe further downside is warranted and to be expected.... but not guaranteed at all. Meanwhile, I hit a new ...
- Forex Magic replied Apr 25, 2018
. I dont know about You guys but I will share my "Diary / Journal" method, because it is effective and simple. I NEVER account for the "Reasons" or "Logic". I make a Note of the last FULL £10 gain and "lock it in" so that my Diary shows for example ...
- Forex Magic replied Apr 25, 2018
. I am hoping that SPX has developed a 3-3-5 Flat which slopes down and thus that we may get an Extension of the Thrust down about now. Target @ 2605.4
- Forex Magic replied Apr 25, 2018
. Wave Count for DAX / GER30 paints a very Bearish scenario. Wave y (2 or B) may already be complete
- Forex Magic replied Apr 25, 2018
. My View in DAX / GER30 is really quite Bearish.
- Forex Magic replied Apr 25, 2018
. My Preferred Count and View in JPN225 is also rather Bearish. Yesterdays Entry may be a little premature but I remain hopeful