alayiniz’s journal - lazy money

The focus here will be on medium-term trends. I will try to spot the trend and ride it. I have always wished to do such trades (trades that last between 1-14 days (or more I don’t care)) . It is no easy task to spot them, and even harder to take advantage of them more than a couple of hours. Big money is lazy; I will try being that and review the outcome on a demo trade explorer. I will primarily apply Elliott Wave analysis but expect some other TA, fundamentals and event analysis.

Feel free to post and comment here, i will appreciate encountering ideas and analyses by other traders too

Let the laziest journal begin

My first traget is aussie. Interesting to see how aud/nzd will do, i expect this to move to upper channel and stay there for a while.

SLs and TPs

Was just watching bloomberg news and again im fascinated about how deceiving they are. Either those guys are very stupid or they must believe their own bullsh!t. I remember they discussed a possible emerging market crash and talked about how hang seng was in trouble some months back. The chart did look like this back then and meanwhile i made an analysis right in the middle of some demonstrations in Hong Kong:


Did decide to watch some more of their silly news today, just to realize that they are still stuck in same pathetic discussions, again calling for trouble in emerging markets this is how hang seng looks today btw:


it should be no major shock if hang seng breaks through its 2007 peak but im not calling for any entry yet. Watch out for news and do the reverse or at least delay their suggestion 1-3 years.

GOLD

what a big A inside this triangle. I do expect some kind of upward channel to follow on. 1250-60 looks achievable.

as it goes, now back to range. Buying low channel selling up channel.

xau/usd
Maybe but not too sure, a good wave ahead

dont thinks its going to be straight up. Possible resistance on median line in channel

resistance as expected but gold looks well


audnzd

possible support soon

Nikkei 225 completed 5 wave cycle. The top corrections can extend to new highs, but a reversal is close.

USDCAD

Atm cocoa seems like a promising short term bubble. My plan was to buy the green cycle but i did skip it. Don't regret much because im expecting it back close to those levels before a 2nd takeoff. Expecting support on my slow MA but will follow PA too before deciding.

Yeey, this is what I was looking for: http://financialorbit.tumblr.com/pos...market-but-now

A smart looking man behind his glasses that suggests Chinese stock market and cocoa meltdown. I love those types and all those illustrations and vice versa, but this expert is totally opposing my ideas. Im bullish both markets atm, mainly cocoa but after a little drop due to such news indeed.

cocoa

(USDJPY) suspicious about how far we get today but will keep positions until SL if goes wrong.

though i had to move sls twice this was good for me. I did even add 3 new shorts on new highs before weekend and closed as markets did open midnight. My best trade this month so far.

GA H12

H12 eurtry

sl and on hold