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 Commodities. Show all posts
Showing posts with label Commodities. Show all posts

Tuesday, October 30, 2012

Elliott Wave Analysis of Soybeans


After nailing the top in beans and going against the majority of the crowd, (you all remember the droughts don't you, oh yeah that was going to see Soybeans go to $50 a bushel yeahhhhhhhhhh that went well didn't it lol)

Why was a mega bearish on Soybeans when virtually the crowd was long and bullish? why that would be because of a 5 wave advance, nothing complicated at all

Traders are bullish at the top of a move and bearish at the bottom, its never changes traders follow each other, its traders that think outside the box that are usually a head of the herd

I thought i would share with you how this trade went in real time as it involved timely updates helped a few members make some serious $$$ on this trade, as well as letting them know when to get out and lock in the gains.

5th Sept 2012, market is mega bullish as usual at the highs, but i am mega bearish based on Elliott Wave patterns.

17th Sept 2012

20th Sept 2012


27th Sept 2012

15th Oct 2012 (ready to bounce)

24th Oct 2012

29th Oct 2012


What is next for Soybeans?

Well after a 5 wave decline we have seen a 3 wave bounce just fall short of the $16 target, but if the next move lower has started, then its game over for Soybeans as i am targeting far far lower prices

Elliott Wave makes sense if its used in the right hands, you think its worth the $15 a month charge to see other commodities?

Or do you want to keep 2nd guessing?

I do this for many more markets from US and European stocks to other commodities such as Oil, Gold and Silver, as well as many Forex pairs

Elliott Wave is a great tool if its used by an experienced Elliottcian, its not perfect, but with a road map you can have an idea where you are going and can control risk.

This is what i do day in day out 7 days a week, 52 weeks a year, find opportunities so members can make great trades

Are you ready to make some great trades?

Monday, October 29, 2012

Elliott Wave Analysis of Oil and CAD futures

I have been tracking ideas in 6C (CAD futures) and Oil since the September 14th highs, and i suspect that the decline will end up being a 3 wave decline in both markets

As per this weeks article, (see last 2 posts ) we have what appears to be a 3 wave advance on the US$ (DX), it just so happens that that too started from Sept 14th , so tracking a potential high in the DX, should see a low in both 6C and Oil

If you look closely there appears to be a potential 5 wave decline ending on Oil, so that is a great clue for an end to both 6C and USDCAD spot markets


 Remember 6C is the CAD futures so opposite to the USDCAD spot market


A small low towards the measured 1x1 fibbo target at $83.80, i suspect align with a low in 6C and high in USDCAD, so traders can also watch the DX to see if a strong rejection under 80.50


Sunday, March 11, 2012

Elliott Wave Analysis of Copper (HG)


I have had to reflect and adjust the Elliott Wave again, as over the past 2 weeks we have seen a sideways tape, which suggests a potential triangle, so suspect a 4th wave and a spike high for a 5th wave

Its been a tough, i have been in this a few times and selling the high each time, getting out for small profits as the market has failed to decline

But we have a solid idea to use, so not going to do much until we see a completion of this idea

OR

A strong break under 370

The back and forth, above/below its 200DMA is the issue atm its not great conditions to trade when its like this, hence i suspect a triangle

Saturday, February 11, 2012

Elliott Wave Analysis of Cocoa



Getting there slowing the Elliott Wave count still has a target much lower than current levels

This appears to be the silent crash that no-one is talking about, yet why is chocolate so expensive!!!