Trading journal (trades based on statistical calculations)
- #33
- Mar 12, 2012 5:27am Mar 12, 2012 5:27am
AUD/USD
Personally, I think this pair has few downside moves to offer, regarding channeling and Elliot wave configuration.
For more safety, we should wait for breaking the blue channel (short term channel) and the median line of the orange channel (medium term channel)
And regarding Elliot wave, the impulsive waves of the E wave could be finnished already.
Personally, I think this pair has few downside moves to offer, regarding channeling and Elliot wave configuration.
For more safety, we should wait for breaking the blue channel (short term channel) and the median line of the orange channel (medium term channel)
And regarding Elliot wave, the impulsive waves of the E wave could be finnished already.
- #34
- Apr 9, 2012 4:26am Apr 9, 2012 4:26am
Short term
The pair is oscilating between the inferior and superior line of the short term channel (colored in blue) and it is offering few clues about how it will play. Even so, a break of the median channel line and a prolonged stay in there, without breaking the median line once again will trigger at least a test of the maximum of 1.0335, and possible a test of the cluster given by the both sthort term channel and medium term channel (colored in orange) wich coincide with 23.6 Fibonacci level of the downward move of 1.0855-1.0242.
Medium term
On the medium term, as you can observe the price fell in a shallow manner - the price went mostly in the superior area of the channel. This is a indication for the bulls for huge upside potential. First off, it is proper to wait for confirmation given by a break of the superior channel line for targeting at least 38.2 Fibonacci level of the entire downward move.
The pair is oscilating between the inferior and superior line of the short term channel (colored in blue) and it is offering few clues about how it will play. Even so, a break of the median channel line and a prolonged stay in there, without breaking the median line once again will trigger at least a test of the maximum of 1.0335, and possible a test of the cluster given by the both sthort term channel and medium term channel (colored in orange) wich coincide with 23.6 Fibonacci level of the downward move of 1.0855-1.0242.
Medium term
On the medium term, as you can observe the price fell in a shallow manner - the price went mostly in the superior area of the channel. This is a indication for the bulls for huge upside potential. First off, it is proper to wait for confirmation given by a break of the superior channel line for targeting at least 38.2 Fibonacci level of the entire downward move.
- #35
- Apr 10, 2012 3:41am Apr 10, 2012 3:41am
I think this pair is almost of of steam and has to break slightly under the low of 1.0242 to complete the wave e (steel blue) of C(maroon) of the third leg of the triple combination wich is Y(blue). Wait for the last 5 waves count to complete the final downward move. If the C(maroon) is equal with A it means that tommorow on 4 am New York time is the perfect time to go on a massive buy on this pair.
- #36
- Apr 11, 2012 3:42am Apr 11, 2012 3:42am
The pair fell just like I've expected. Now long positions are safe but even so, a narrow stop loss under the low of 1.0225 could be a good protection shield.
I will put some more updates as the price develops.
Good luck!
I will put some more updates as the price develops.
Good luck!
- #37
- Apr 11, 2012 4:54am Apr 11, 2012 4:54am
Medium-term analysis
Channel and Elliot wave analysis
The pair broke the midline of dynamic channel (in time and space) but the descent does not seem very strong, seems to be a wave C of a symmetric triangle. However, with the descent ahead, balances between bulls and bears would be established so the immediat action would be to wait after the descent. Yet, for long oportunities on this pair so far, we expect for the price to break the topline of the downside channel.
Enjoy!
Channel and Elliot wave analysis
The pair broke the midline of dynamic channel (in time and space) but the descent does not seem very strong, seems to be a wave C of a symmetric triangle. However, with the descent ahead, balances between bulls and bears would be established so the immediat action would be to wait after the descent. Yet, for long oportunities on this pair so far, we expect for the price to break the topline of the downside channel.
Enjoy!
- #38
- Apr 12, 2012 4:47am Apr 12, 2012 4:47am
The pair fell just like I've expected. Now long positions are safe but even so, a narrow stop loss under the low of 1.0225 could be a good protection shield.
Attachment
I will put some more updates as the price develops.
Good luck!
- #39
- Apr 17, 2012 9:12am Apr 17, 2012 9:12am
The pair continued its initial down move, completing the wave 1 (red) of the final E (brown). Three more waves are expected to complete the expanding triangle, probably to the inferior line of the medium term channel.
