Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Showing posts with label AUDJPY. Show all posts
Showing posts with label AUDJPY. Show all posts

Sunday, November 3, 2013

Before & After AUDJPY


Another simple, yet easy trade for members.

I even posted this trade setup on Stock Twits/Twitter.

See here: http://stocktwits.com/message/16951324

So it was presented BEFORE the move and i even explained the move , so it was a freebie for my followers.

Risk was to 93.65, if you look carefully there is a 5 wave decline into the lows near 92.70, so active traders could of locked in at least upwards of 50 pips, this is a short term idea, but i tend to encourage members to try and run ideas for larger profits and swing trade.

Staying 93.60 suggests more downside.

Still think we are not worth $30 a month?? (Price of the forex package)

Thursday, September 20, 2012

Elliott Wave Analysis of AUDJPY

The last few months have seen a series of whipsaw moves but the sideways look suggests a triangle that should break to the upside when its finished with wave [e]

As long as it stays above the red line then the potential still suggests a thrust higher, the 80.00 needs defending from the bulls on any downside move from here, a break below 78.65 will negate the idea

Saturday, September 1, 2012

Divergences Forex Markets








The divergences still appear to be mounting, (they can of course reverse).

In this market there is a series of forex pairs that i personally follow to keep looking for ideas on the direction of the trend in risk markets etc.

Now every market should be viewed on its on merits, but there are times that you can use a combination of similar markets to look for important clues to a trend reversal

Back at the March 2012 highs i started to notice the forex risk pairs NZDUSD and AUDUSD bleed lower, then slowing the AUDJPY followed, and the last to reverse was the 6C aka CADUSD (USDCAD in reverse)

I could not understand why US stocks had not puked and followed AUDUSD, AUDJPY, NZDUSD and the European markets lower (all those markets were in sell mode)

But the clue finally came from the USDCAD aka 6C in reversal, and that was the link as to why the US markets held up into the May 2012 highs

The same appears to be happening again and that 6C has gone it alone and is supporting US stocks, so when the USDCAD/6C markets reverse, its my belief that you will see a reversal in the US stock markets

So i suggests those that are looking for a reversal in US stocks, is to watch the patterns and price evidence on USDCAD/6C

Don't take my word for it, see for yourself (or you can sign up and follow my work)