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skyhok replied Feb 1, 2016Set for a final 5th leg orange down with SL @ upper channel line invalidation for good R/R from here. image url
AUD/USD
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skyhok replied Feb 1, 2016Yes, you described it much better than I can & that's what I see on the chart. I just trade what I see.: image
USD/JPY Discussion
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skyhok replied Feb 1, 2016Not forgetting patterns - the drop from 19th November last year's top isn't over yet without completing an expanding ending diagonal C - expecting another decline from 122.50 area for the 5th leg. image
USD/JPY Discussion
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skyhok replied Jan 29, 2016Correction (ii) maintained mostly above 0.6182 retracement of previous advance - final wave (c) likely terminates there with SL @ 1.4077, scale-in with minor initial position for longer term run.
Cable Update (GBPUSD)
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skyhok replied Jan 29, 2016Interesting correlation bet. GBPUSD & dollar, looking at dollar coming off an ending diagonal or rising wedge .....soon. image
Cable Update (GBPUSD)
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skyhok replied Jan 29, 2016Longer term charts tend to make some others uneasy especially the projected prediction part. Let's give it another try. The drop from June 2015 top is more like an (a)-(b)-(c) corrective decline till 21st January, and looking at an impulse wave (C) ...
Cable Update (GBPUSD)
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skyhok replied Jan 29, 2016Yes, don't like trading in the middle of corrections because it's too unpredictable, while I've better ideas how & where they usually terminate & that's where the next trending move starts.
Cable Update (GBPUSD)
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skyhok replied Jan 28, 2016Correction 4 might come to a top near 0.7150, but not a bad place to sell. image
AUD/USD
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skyhok replied Jan 28, 2016Potentially breaking bottom of congestion (distribution), right shoulder or EW wave 3 of 3 down. image url
USD/CHF
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skyhok replied Jan 27, 2016Correction 4 topping near 1.7350, before resuming downtrend. image
AUD/USD
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skyhok replied Jan 26, 2016Looking for a major reversal coming up at the completion of correction 4. It will be a swift decline after the ending diagonal (c) for a full retracement. image
USD/CHF
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skyhok replied Jan 26, 2016Trading an expanding Ending Diagonal (5)th wave zigzag up on the daily TF. image
CAD/JPY
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skyhok replied Jan 26, 2016A minor Ending Diagonal (1)-(2)-(3)-(4)-(5) that would end or complete the abc correction (ii), is nearly complete, before resuming uptrend. image
Cable Update (GBPUSD)