My trades using combination of FF strategies with fibs and EW

Dear traders, today was an average day with a modest 2% increase in equity. I was away from the system for a long time and the small updates i have been putting was from an android tablet. Since no analysis was possible from tabs, i am updating the charts now.
To put it frankly, i still feel Euro is bullish. The move down does not have an impulsive feel, still a correction, so i have modified my chart to the below (refer chart).
First target is 38.2 of waves 1 to 3 which results in 1.1464. (refer chart)
If you analyse the movement of this ongoing 5th wave ... wave 3 of 5 just ended at 161.8 and then there was a retracement for the 4 th wave to 61.8 ...actually 38.2 coz i did the fibs in reverse. Now the ongoing 5th wave can go to a 1st target of 1.1464 at least which is also 38.2 of the big move from wave 1 to 3.
There is also the potential to go to 61.8 which is 1.1538 as 5th waves generally end at 61.8 of the 1st 3 waves. I am putting a tp of 1.1464 as my 1st tp.
apparently on reuters benchmark, 1,1464 is no where near a reversal area, but 1.1521 is a 14.6 reversal area, so my 2nd tp is at 1.1521.
tomorrow being friday, this could be the last move higher for EU. Next week could start with a big reversal. I hope

well.... the 4th wave had not ended t 38.2, it did an a-b-c correction to a slightly lower level. I was reasonably sure that price will return to being bullish, so i held on to my positions. Once the retracement is over, EU started going up and now trading above the 3rd wave level. 1.1464 does seem to get hit today. Us session with it's bad data did the trick. There is not a lot to update on the chart as the chart in the above post is still valid. Waiting for 1.1464, although i have closed my EU position a bit earlier a i have to go out and cannot monitor the market and today being weekend, anything can happen. Not leaving the trades over the holidays. You all have a splendid weekend. I am going out for a drink and will see ya all on monday morning. Trade safe.

Regards

PS. Not too bad huh? 13% for the week. I will be millionaire very soon if things go the way it's going now.

A quick update between some fine brew
The awaited 1.1464 was hit today. This TP is the 38.2 expansion from the last 3 major waves, so naturally becomes a strong resistance. We will see monday morning if there will be a gap up. on reuters benchmark rates 1.1440 was the 85.4% fib which is a reversal area. The 4 hr candle has closed above this rate leaving a possibility to go up further to 1.1521 which is 14.6% of the next phase. We will see on monday how the market opens and analyze it from there. A major reversal from this level is a very high probability. Good luck and have a fantastic weekend. Here is a chart to ponder.

good morning folks,
iam still not convinced of this bull run being over.i would like to sell eur/usd at 1.15++so i will wait. Ihave GU buy still on.
Price action still shows loads of bullish sentiment.

i bought tiny lots ofeu &gu.lets see .

I feel that the market is still confused as to the direction of majors against usd. I believe that the us dollar index has not found the support yet, therefore the majors will push again to the bullish side once more, so that dx can reach the support of 92.80 refer chart.

EU as mentioned before, has crossed 85.4 fib on reuters BM and the next reversal is at 14.6 which is at 1.1521. Although fib wise eu seems to have completed the 4th wave, so it's a confusing state at the moment. Please trade very carefully as i could be wrong on this bullish front. It could easily plummet down with all these greek fundamentals in the picture.

please trade safe.
Here is a chart of us dollar index.

well .... in this case i was wrong and EU looks like a impulsive wave down. Since i have negative balance of half of my winnings so far, i will wait for prices to reach 2nd wave up and close these trades with less losses as of now. Wave 1 seems incomplete. Will have to wait longer to close these trades with minimal losses.

i had terminated my losing trades and had taken some sells in euro by which i almost made up the losses. still a couple of % more to go.
At the moment euro is consolidating for a major sell ( in my view). Since most of the sentiment in retail traders is on the short side. I am expecting a sharp push up to at least 50 pips to stop out the weak shorts. After that i will sell a bigger lot. 1.1070 is 78.4 on the reuters benchmark rates.

SInce EU did not retrace, i cancelled out the losing trades and sold majors against US in the direction of the major trend.. If you see the chart, i am aiming for FE100 at least which is at 1.0802. Lets see what happens. Hoping this will TP by tomorrow. Fingers crossed.

USD/JPY is on for a big buy... Any retracement on 1 hr is a good buying opportunity. chart will follow.

UJ sitting pretty at Fe 100 expansion. Will retrace for a bit maybe 38.2 and trend should resume to the upside. 126.xx beckons in this pair.

Initial target of 124.98 as first TP on 4Hr

UJ after finishing the 3 waves will probably descend for the 4th wave down to 38.2 retrace 123.32, then rise again to at least FE38.2 till 125.63. the 61.8 extension will be at 127.06 which should cap this rise. chart is self explanatory

Aud 4Hr.
Wave 1 and 2 completed (similar to EU) according to my view we are on an impulsive 3rd wave down to 0.7627 minimum in the coming days. Breaking this 3rd wave down to smaller waves we are again on 3 0f 3 in which Fe 100 projection is initially towards 0.7710 which is my current tp on the sell. 2nd TP of 161.8 is at 0.7630. chart follows

closed all trades with decent profit. Now will wait for a retracement on EU,AU,UJ& GU. Expectation for retracements are as follows.

EU - selling at 1.0930
AU - selling at 0.7762
UJ - undecided
GU - selling at 1.5465

EU update.

Most probably 3rd wave is over in EU. This price action clearly denotes that the 4th wave is on ... which will take some time to complete. maybe it will do a 38.2 retrace or even a 50% but i would start selling small lots from 38.2 level onwards for the fifth wave which is expected to complete by 1.0613 being the 61.8 extension of the 1st 3 waves. first tp is at 38.2 (1.0766) 2 charts.... Once 5 waves are complete then we can expect major wave 1 to be over, then look for a deeper retrace for wave 2 up.

UJ update.

UJ seems to have completed the 3rd wave with an extension to 261.8% of 1st wave. Now you can expect sideways movement for the 4th wave and probably end with a 50% retrace of 3rd wave. 2 charts shown.

UJ update.

It seems that UJ went up a little more than expected. Still nothing is changed. It needs a breather to push up again. Needs some more buyers down, so a retrace is imminent. I would suggest this is a good time to sell a small lot to make some money on the retrace coz this retrace could be a bit deeper. Here are some charts.

1st chart shows that wave 3 completed with a little above 261.8% but the daily candle closed under the 261.8 and then we have a probable reversal candle starting now. On reuters benchmark rates also it has closed at 14.6 reversal of the next phase, so the probability of a deep retrace is very high.

2nd chart shows that we have completed wave 3 with 5 minor waves with wave 5 being extended, this also is a confirmation of the next wave 4 in progress. The fibonacci values properly line up as well.

3rd chart shows the retracement levels possible. The 4th wave will take a long time to complete. This will most probably be a complex retrace (maybe) a triangle, as the 2nd wave was a simple zigzag, so the theory of alternating might make this 4th wave complex and time consuming. In simple terms i am expecting a reversal to at least 38.2 or even a 50% (very common), so we can put our TP to at least 38.2 % retrace which is around 122.32.

I have sold at different levels higher. Hoping for a good return.
Trade safe.

Lets look at UJ's chart on a 15 minute time frame. Now we are in the hope that this is a 4th wave retracement and so it's bearish.

In this chart we have seen the first wave down to 123.63, then we got a retracement for 2nd wave to 124.10.
Now we have seen the 1st wave of wave 3 down to 123.60. we have hopefully finished the 2nd wave of wave 3 up to 124.02. Now hopefully we are seeing the impulsive wave 3 of 3 down and TP level is 123.21 which is the 161.8% of wave 1 of 3.

Here are the charts

EU update.

It seems EU wants to go up to just about 1.1060 for the greater fall later on. This bearish move looks very iffy to me. The big boys are doing a make belief that the major bear trend has started. When most retailers are short, they will take the prices up and take out most of the stops. I will sell EU only after it reaching 1.1060++.
Now i am expecting EU to drop to 23.6 % fibo of this rally to pick prices up again. Here is a chart. This has a good feel of a trap

UJ update..

My sells are still going. There are no news from Jpy so the movement is also minimal. I am hoping to get some good moves down in the US session.
DX is on the 4th wave down and EU is on a 4th wave up. This correctional times are the most dangerous times to trade, so trade very carefully with minimal lot sizes. Once the trend starts, we can increase the lot sizes. The 4th waves could be triangles and could take a lot longer time to complete. Patience is key.