EJ — EJ may have also started a very recent channel up.

Drawing correct resistance and support-lines

USDCAD — USDCAD inside a very bullish channel. Going towards res. @1.0318.

Drawing correct resistance and support-lines

I don't actually trade ew. It's just very interesting to see some theories we have read about coming to a "probable" reality. I find very, very intresting. I focus on pattens but it's also lovely to have applications of stuff like this. It looks ...

Drawing correct resistance and support-lines

UJ too — Se how UJ moved in waves too... The 12345 theory in action. Being 1,3 and 5 price following the trend and 2,4 corrections. If theory is right, we are under abc correction. Hope this makes sense. Cheers.

USD/JPY Discussion

Elliot Wave Theory — I believe we could be across a very good example of the Elliot Wave Theory in practice. I got 3 waves with the 12345 pattern. 1,3,5 being the waves and 2,4 being retracements. Now we could be experimenting the abc ...

Drawing correct resistance and support-lines

Correction... — Wave 4 could just well be the ABC correction. For those of you wondering what I am talking about, and wisshing to learn anothr enriching theory, please visit: www.elliottwave.com and url Wish you all the best.

USD/JPY Discussion

EU — I am observing a bearish formation on EU. Not sure if it's a triangle or a channel. Looks like a bearish triangle.

Drawing correct resistance and support-lines

Some pairs move in waves... — For those of you wondering what this dicussion about the wave theory. Some pairs move clearly in waves. As I mentioned before, price is/was not moving sideways. It was obviously moving inside a channel (downwards) ...

USD/JPY Discussion

Spot — They are spot market.

Drawing correct resistance and support-lines

Broker — I use Ikon Royal GM. They have nice low spreads and you can deal with the closest price towards closing or opening positions.

Drawing correct resistance and support-lines

Cable resistance — I guess price hit resistance and bounced back down inside the channel. Res. confirmed. Cheers.

Drawing correct resistance and support-lines

Desc. Triangle — I am getting a descending channel on H1. Price is wandering about those 2 TLs. I have been short since the touch of that Resistance in red. Cheers to all and happy trading.

EURUSD

Yep — Me too. Very clear asc. channel. +67 pips so far.

USD/JPY Discussion

This is still tentative. — Correct Flag pattern should have at least 2 touches at UTL and LTL. Well at least, as of now, I closed my short position and opneded a long one. At least the ascending channel is very clear to me. At least for now. ...

USD/JPY Discussion

Thanks... — Well at least, am getting an asc. channel. with tentative TLs. Price is not quite breaking that LTL...

Drawing correct resistance and support-lines

Bearish Flag — I am getting a Bearish flag with tentative lines. Bearish Flag is a bearish continuation pattern. Cheers.

USD/JPY Discussion

UJ Flag — Looks like a flag to me. Have look here: url What do you think? It was broken. A Bearish continuation pattern. Lets see what happens. It was just broken.

Drawing correct resistance and support-lines

Resistance @2.0010 — I am getting resistance @ 2.0010. Also, see an uptrend line coming fro May 2006. Last bounce from that uptrend line was this last June (month ended yesterday). Cheers.

Drawing correct resistance and support-lines

Not my theory... — Not my Theory, but some guy called Ralph Nelson Elliott. It's a wave theory. Concerning price direction, why don't you enlighten us on your theory about price going "SIDEWAYS"? Since you are bored that price is going ...

USD/JPY Discussion

Chill mate... — Hey my friend, Don't just jump out of your chair. I have been trading longer than you might think. Don't need to compete with no one because I am too old for this.. So just chill. Just take the opportunity to have a wider look. ...

USD/JPY Discussion