Elliott wave outlook

Great CPB

Hello LC,
Well I did well overnight on the EURJPY drop Shorting at 2 different levels and Buying both during the early hours for a 946 Pip total.
However, I got greedy mid-morning, and decided to go Long (Buy) observing how "Oversold" the pair was at this time. It would have worked very well had I just stayed with one contract and staying "in" for 15 minutes or less. I would have made an additional 50-Pips just for a "dessert" on top of my earlier 946-Pip profit. But NO, I just watched believing it would go higher. I didn't put in a Stop, and instead bought 1 more contract Long (Buy) as it went down. Now, I have 2 Long contracts and I am "Down" at approximately 900-Pips total for the 2 contracts.
The market/trading is going sideways for the last hour/60-minutes, the Sydney market is Open, and I am waiting for the Tokyo market to Open and will make the decision then to Sell @ Market, or near it [if I really have to], and try to minimize this loss. It is "wait and see" and refrain from "panic". Having attended a Live webcast late this morning however, the JPY appears to be strengthening, particularly against both the EUR and USD - which I have traded in the past.
This is not a Demo account I am referring to either.
I hope you are doing well.
Ciao,
cpb

Here I show you a EURAUD video...

HI guys, I leave you an article here about EURGBP. http://www.fxstreet.com/technical/an...st/2013/03/25/

HI guys, I leave a video about EURAUD http://elliottwave-forecast.com/category/video-blog/

Hey, here is an article about the DAX

$DAX: Expecting support for a new highs

Since 3.7.2013 we were bullish on the Index looking for 2 new highs toward 8100 region to complete a cycle from 7564 low. Index did continue higher as expected making 2 new highs above 7979 and reaching a high of 8077 on 3.15.2013. This was very close to our initial target of 8100 - 8116, following this high Index started a pull back and made a rather sharp decline to 7901. This decline was clearly corrective but was deep enough for us to believe that cycle from 7564 had completed @ 8077 which we have labelled as wave (( a )).

Following completion of a cycle we ideally look for a 50 - 61.8 % pull back and if the initial 3 wave decline fails to reach the 50% corrective target, we would start entertaining the idea of a double correction as long as the rallies prove to be corrective. We have seen something similar during this correction when initial 3 wave decline found support @ 7876 which was just below 38.2 fib (7880). Index attempted to resume the rally from here but failed @ 76.4 fib of the decline from 8077 - 7876.

Resistance here proved to be quite strong as Index dropped to new lows below 7876 on the same day reaching a low of 7847 which we have labelled as wave ( a ). Short-term we are expecting a recovery toward 7939 - 7961, as this region holds and more importantly price stays below 8031, we expect to see another leg lower which can reach as low as 7759 (61.8 fib) to complete a 7 swing drop from 8077. As Index finds support here, it should turn higher and resume the rally for new highs toward 8219 and may be even 8516 where a significant peak is expected to form.

For more information visit my website in my profile

Hi Luis, I was looking at your website, I was trying to see the format of the trading signal that you send to the paid customer.

Gracias, Marcelo

Thanks Luis,
I've been consider it since yesterday, but I choose to short AUD-USD @1.04850

Guys, Here is a Gold video. Near term.

Luis, thanks for the updates!

Updated EU:

http://www.forexfactory.com/showthre...49#post6552349

Forex magic
thanx for that update eu.
Cross

Here is IBEX (SPAIN INDEX) compare with EURUSD

Here is a snapshot of oil. More information on my profile website. No doubts.

Hi guys
am i to understand double bottom eu retest 1.275 and buy euro target chart please.
Regards.
Cross.

Here is AUDUSD video. More information in my profile at my website.

Hi luis
thanx for that au vid and all other videos .
Regards
cross

Here is a video of DAX near term WITH SOUND. More information at my profile webpage