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- PrincipleAn replied May 25, 2016
I have a few S&P counts. I show a short term severely overbought condition that should result in a sharp selloff by the end of the week. The first chart is my primary count with a Minor wave 2 still unfolding in the form of a combination correction. ...
- PrincipleAn replied Apr 12, 2016
I'm stopped out at 1.8460 and will look to re-enter on strength later on if that occurs.
- PrincipleAn replied Apr 12, 2016
Prices have dropped overnight bout 100 pips so I'm adding to my long position now at 1.8646
- PrincipleAn replied Apr 11, 2016
I can't give the details but they are a combination of 7 common indicators modified to be more forward looking, then some are combined. They line up and trigger a, bearish signal for example, when price has moved too far too fast and is showing ...
- PrincipleAn replied Apr 11, 2016
I see a huge rally on the GBPAUD. Both my wave count and proprietary indicators are bullish right now. Looking for about a 500 pip move higher in the next couple weeks.
- PrincipleAn replied Apr 5, 2016
Here is my take on the S&Ps. I've been projecting a pullback as weak price action has ruled the day the past week or so. I'm still not convinced the bull run is over....at least not yet. I detail it some more on my blog.
- PrincipleAn replied Apr 5, 2016
Sweet!!! Do you have a target yet?
- PrincipleAn replied Apr 5, 2016
I don't have a lot of confidence in this wave count but the price action suggests a pullback right now. I know you guys like the euro pairs so I thought I post this here and get your thoughts. This is my exact trade: Short EURNZD now at 1.6737 Stop ...
- PrincipleAn replied Mar 30, 2016
Do you guys follow the US S&P? I have a bullish count on the market and although the wave count is intact as far as EWP rules are concerned, the price action is not consistent with the count, i.e. prices has traded outside of the channel for a ...
- PrincipleAn replied Mar 29, 2016
I like the GBPJPY short here. Looks like we'll get a nice pullback to the previous fourth wave and 50% Fibo retracement. I posted the details on my blog here.
- PrincipleAn replied Mar 28, 2016
I just wanted to follow-up on this trade as it worked out nicely after coming back from the Holiday weekend for a nice 50 pip profit.
- PrincipleAn replied Mar 25, 2016
Yes I think it's a very possible alternate scenario and I don't like count multiple 1 and 2 waves for sideways action as it is usually incorrect. But my own trading preference and rule is to count the market by what it gives you until it proves ...
- PrincipleAn replied Mar 24, 2016
That's a pretty darned good assessment. The EURUSD is a bit of a mess when you go back forever, so I try to chop it up into smaller timeframes that are more easily consumable for developing wave counts.
- PrincipleAn replied Mar 24, 2016
I'm looking for a quick 50 pip profit a short trade on the USDCAD.
- PrincipleAn replied Mar 24, 2016
This is a good point and is why I originally paused with the wave count but if you look at how close wave (4) is to wave (1), there is not much room for it to move higher. Plus, ratio analysis shows wave C at just above the 161% extension of wave A, ...
- PrincipleAn replied Mar 23, 2016
My take on crude is similar to yours although I might be a bit more immediately bearish than you are.
- PrincipleAn replied Mar 23, 2016
Suweet! Thank you D.P.
- PrincipleAn replied Mar 23, 2016
Here is my analysis of Cable though. It is long term bearish, but I see a great long opportunity setting up here with a wave ((ii)) rally. I detail the trade setup on my blog, but I'm basically waiting for a GBPUSD hourly close above 1.4122 to get ...
- PrincipleAn replied Mar 23, 2016
I'm actually long term bullish the dollar so that makes me a Euro bear, although I'm not sure the Euro's correction higher is complete. I have to count it as complete at this point until it proves me wrong. I'm posting my daily count, then zoom in ...
- PrincipleAn replied Mar 23, 2016
Thanks! It's been a while since we've spoken to each other. I'm hoping to get rolling again and into the markets. Thanks for the warm welcome!