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Forex Magic replied Apr 10, 2013Eur/Usd: Wave a/i has continued. It is difficult as yet to conclude that it is complete, and yet my 1 and 3Hr Indicators have turned south. I suspect that if it hasn't completed then we could see a further surge to completion which could see it go ...
FM's Magic Formula Journal
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Forex Magic replied Apr 5, 2013Eur/Usd: Previous analysis appears to be proved correct. It is likely that wave a/i shall complete soon at which time we are likely to see a 3 wave pull-back to form wave b/ii before a further Bullish Impulse for wave c/iii. Eur/Usd 3 Hr Chart:
FM's Magic Formula Journal
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Forex Magic replied Apr 4, 2013Eur/Usd: Recent News events have caused rather a lot of short term volatility in which we saw by an extremely small margin a fresh low. Looking at the short term time frames it is in a clear 5 wave structure allowing for an Ending Diagonal vC(A) I ...
FM's Magic Formula Journal
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Forex Magic replied Apr 4, 2013Wasn't it!! I had to quickly hedge my Long Positions :/ will wait now and see what comes... Incidentally, my friends call me David...... I kinda prefer that too

Elliott wave outlook
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Forex Magic replied Apr 4, 2013Good Morning. I have taken 3 short positions and wait for what may be a w-x-y A w-x-y B and perhaps double Zig Zag c of what would be wave 2. The turning down of my 1hr Hi Tech RSI suggested that may be wise so I did. I also closed 2 shorts out in ...
Elliott wave outlook
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Forex Magic replied Apr 3, 2013Eur/Usd: My 1, 3Hr and Day RSI's have all turned up. This provides further evidence to the suggestion that the move down may be complete. Looking at a 10m chart it appears that what I first labelled a w-x-y Structure may actually be a Leading ...
FM's Magic Formula Journal
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Forex Magic replied Apr 2, 2013Welcome! Maybe... Looking at the 10m Chart we could have wxyA complete, or, have a Leading Diagonal wave 1 of A complete. We shall be able to depict soon I think what will happen this week but best for now to be patient. For the purposes of trading ...
Elliott wave outlook
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Forex Magic replied Apr 1, 2013Eur/Usd: I'm inclined to consider that the move down may be complete. Wave c is 100% of Wave a. However, price did not reach the 61.8% level per the day chart, and with that I choose an open-minded approach and label the subsequent move to allow for ...
FM's Magic Formula Journal
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Forex Magic replied Mar 27, 2013Eur/Usd: The Pair moved down as expected and indicated in advance by the down-turning of my finely tuned Indicator. There is a Fibo table (in Red) which shows the initial Targets for the end of cZ(A) where 100% is a = c. Price is currently just ...
FM's Magic Formula Journal
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Forex Magic replied Mar 25, 2013Eur/Usd: The Pair moved down as expected and indicated in advance by the down-turning of my finely tuned Indicator. While the previous count expected a 3 wave move down to form wave b it is apparent that it has become instead an Impulse. I have ...
FM's Magic Formula Journal
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Forex Magic replied Mar 24, 2013Eur/Usd: I presume the Pair in now in correction against the prior move down and presently forming Wave y of A. Eur/Usd 3 Hr Chart:
FM's Magic Formula Journal