Hey guys... So I am just updating my elliottwave count... Might be a good time to short as the pair will meet resistance in the short term; wait for a confirmation when the line breaches the overbought line again... Cheers!

USD/CAD

longers be careful... i think we are going down (PA is suggesting that) --- break & retrace and showing resistance!

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Yeah if it continues.. 1253-55 is the last area for a bullish ewave count to remain valid... If we are to move lower... I'm eyeing out 1271... (its a perfect abcd retracement of the 1st corrective wave). However there can always be an extension up ...

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Been having a blast lately Didn't you just get back from a break? Have fun man!

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For relatively new traders I would also like to point out that a flat 200 SMA is not a good guide for short term traders. The 200 SMA on the dailly is used by hedge funds and long term investors... where the view is atleast more than 4 months! Note ...

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I believe a "flat" MA usually never tends to hold and is often false. Moving averages have to be tilted; if one needs to get something out of them! but I like to believe you already know that However I do like the fact that there is confluence ...

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Well I'm glad I guessed it right 10-20% a month ??? really!? especially in this years environment? how much are you risking per trade/ also whats the level of leverage?

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precisely... to simplify Good luck!

GBP/AUD

It didn't hold at that time (but ironically it is back to the same level right now)... I was viewing it from the 1 hour chart... but if you look into the weekly chart; this is a good support and turn area (see the pinbar there) the candle of the ...

GBP/AUD

somehow I really dread this possibility ...it would form a perfect abcde pattern on the daily chart though :: Scenario 2 if price finds support in the 1280's. image

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url image If pa posts a price lower than 1284 on the 4 hr chart!

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url Price broke down as stated in the lower chart; this is a key area to watch PA and if there are going to be supporting volume and price action candles! If not then we could go lower and find support above impulse wave 1 (1263) or (1284) *for ...

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Hi Bernbeach I think what CT does is "hedging" (for a lack of a better term). He is long biased for the long term (seasonal), but takes shorts (when he sees short opportunities). I think that is the logic behind his method; which can actually be ...

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A follow up from my last post url This is the USD index (weakly chart) which can help give us perspective as to where gold is headed (in the coming days/weeks) as they are for the majority of the time "inversely related". A clear break on the ...

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Double bottom retest... Going long and tp at 1.814... This is a great opportunity to find a good R:R

GBP/AUD

Building from the last chart; two possibiities remain open... A bearish contracting triangle that will extend the C wave and take crude below $100 and probably even more... or then an alternate count would be bullish possibility of a butterfly ...

US Crude Oil with smart VSA and Dark Seasons [only]

Exactamo! (although buy stop above should be done carefully because of "stop hunting") The value area is a lot better at the buy limit down! But I'm guessing you already knew all of this!

USD/CAD

Gold is in a corrective elliottwave pattern: Where A leg was a zigzag; followed by a BC (flat wedge formation) 1298-1300 would be an interesting area to watch; to see if there is reversal which will confirm the bullish gartley which might take the ...

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Indeed! I share the same view... patience is a virtue! Although one should be weary of the 50 ema as it seems to be giving support to PA; therefore if I see sustained support for 3 or 4 4 hr candles, I might start to change my view. Cheers!

USD/CAD

Thanks Mrmalik! I'm glad you appreciate the effort! but please don't compare me to CT (goldguru); he is a real veteran here at Forex Factory! Best of Luck to you!

Only Gold!