failed on the hourly...lets see if 4 hr can do something.. if not then we can go lower!

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

Seeing Price action and volume on the 1 hr and 4 hr candle... Looking for a pinbar with a lot of volume... lets see if 101.5 holds like it did yesterday...

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

An expectation of a rate hike is impossible...especially after todays unemployment figures...which makes one think of "a coming recession"... I really don't think BOC would want to accelerate that by increasing interest rates... Canada runs on govt ...

USD/CAD

I don't understand the argument... A rate hike is bad for exports...? (econ 101) right now usd/cad is weak? A rate hike would make it more weak...! It could weaken exports... which will in turn lead to more unemployment... more ...

USD/CAD

how can a rate hike come when the unemployment level seems to be increasing? Don't make sense...could lead to an outright recession... Plus there will be no rate hikes until big brother increases rates... a rate hike will be devastating for Cad if ...

USD/CAD

there is also a cluster of fib ratio's on this weeks low... Price is on 38.2 fib level from the low of 2012-09-09 and 61.8 fib level from the low of 2013-09-15

USD/CAD

the employment numbers were terrible... 3 consecutive months of higher unemployment numbers... If this goes past 7.2% I think usd could go real high... Plus the fact that wti is relatively low so far (when it should be higher on a seasonal basis ...

USD/CAD

whose selling?? I think we have bottomed out in accordance with your ab=cd... For a longer view on the weekly chart I see this point as the end of of the 4th corrective wave.. and now the 5th wave should start... GL to you too!

USD/CAD

Target Price 1.08150 ?

USD/CAD

The correction is still not over... Even though it seems like a b and c have completed... but since the volumes are missing; this could be a sub wave of A, and now we have to look for wave b top.... There is also a possibility of an Ab=cd which will ...

Only Gold!

Triangle in down trend... Right now lets wait and see the e wave complete; where the trend lines meet on the weekly chart... After that; yes the pattern does suggest down... and I think that is in line with Prechters view of Gold... He is not a gold ...

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Thought I'd share this view I came across: ​http://www.elliottwave.com/freeupdates/archives/2014/07/01/Gold-A-Surprise-10-Rally-%E2%80%9CDefies%E2%80%9D-Goldman-Sachs%E2%80%99-Forecast.aspx#axzz376J5wZ1Y

Only Gold!

I think that is a blessing!

Only Gold!

Don't lose hope man... Keep trying... try different things out...and most importantly keep learning *Every mistake/error will lead you into becoming a consistent and profitable trader* This is not a get rich quick enterprise! losing money is the ...

Only Gold!

LOL... that's the exact same thing I felt when I saw that chart/post...

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haha... I think it is better to stay away from news (most of the time...) It' a clear distraction! but news is what sells...and what gets people talking and hence the debates... So yeah I can understand

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Yeah; too add to this... I don't think gold is responding to economic indicators like this for some time now... and this is due to the Fed debates that have been going on for a long time now... It all comes back to interest rates... and when they ...

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Only 10,000 less claims... that's a non event & perhaps already priced in! A surprise would be 30,000 less claims... atleast 10% lower

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There are 3 ways I am seeing this wave... Your wave (5) can possibly go straight up to 1360 or 1370 level...(wave 5's in commodities are usually the largest waves) Or the 5th wave completed on 30 june... and a new wave cycle started on the 8th of ...

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Well being super busy is always a good sign... I agree completely; there probably will be many buyers wanting to jump in and prevent it to go down further (hence I suspect a sideways correction/pause) and then up to 1370 161.8 fib ext level... ...

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