Very Accurate Price Action Predicition

as i said ,, i can post some charts here but not trade every move in them but others might use it at there own risk
check the 2 charts ,, very ACCURATE predicition ,,, a move down to 82 and it happened exactly at 82 , then a move up to 8560-70 and it went 10 pips awaye from there before reversing , i wish i had traded the long better than waiting for the shorts , but i learned the lesson

Trade in play

finally the s&p 500 gave me that sell signal i was waiting for ,, i was a bit cautious as its friday and month ending day but i cant let this trade go , the s&p 500 broke down from the 1090 support line and showed weakness to the downside just a bit shy from the resistance zone i shown in older charts , i took this sign as a go on that hedge closing and adding short on the AUD , maybe 100 pips from the top but IT WAS A STRONG MOVE UP AND WE NEEDED BIG EVIDENCE ON TREND WEAKNESS , so i didnt try to catch the top althought if i didnt short half position i woul dhave went short right at that 8550 level which is the far top cause as i said before , 8560 is a big resistance and i shown that in previous charts , but anyways , i m setting the stop loss on the top of that ret. at 8550 , with targets at yearly low as first target
im seeing a potential for a small bounce up as the down trend will find support of the area from 8410-8380 , but the bounce should be limited to 85 , just in case anyone might wanna jump into the trade
Happy weekend everyone

Closing hedge shorting second half of AUD/USD , stops at 8570 for the hole position

S&P 500 looks tired

S&p looks bit tired today , i m watching if it could break the 1090 level that supported it good before

Stay alerted on possible position adjustment

I hate to do that on fridays but i think i ll have to , stay alerted , will post prossibly position adjustments and charts to follow when i make sure of it

Trade Update and guide lines

good morning traders ,, i m here to explain some guide lines for the current trade ,, what happened yesterday ,, i alerted everyone of possible position update but i didnt take any action rather than moving the Hedge stop to break event ,, i was watching and expecting the AUD to test the resistance zone between 8450-8570 and at the same time to find the S&P 500 testing the resistance area shown on the chart between 1107-1122 and try to search for the proper wave ending signal there to close the hedge and add short and let the trade work ,, but ,, i found the AUD/USD tanking higher and breaking to new highs from yesterdays high , while the s&p was hardly moving and consoildating at the 1090 line , awaye from my resistance zone and not showing a sign of toping , so althought the AUD sounded like a good short at this levels but due to the high CORRELATION between the Rish and specially the AUD and the stock market ,, i cant call an AUD top without seeing the same signal from the S&P 500
i m expecting more move up on the s&p 500 tomorrow to get into the resistance zone on the chart that it closed so shy from it , then i ll be looking to find the AUD /USD on the same resistance zone shown on the chart or maybe lower to confirm a GOOD SHORTING SETUP , what we have to do in every trade is be patient and make the best analysis and setup and then let it work , if it goes in the different direction then we should try to minimize the lose .
i m seeing a turn in the AUD/USD that i m watching very closely and observing the waves to see if its impulsive down or it would try another wave up to match the s&p 500 before down ,,, a scenario i m considering is that the move down in the AUD/USD is the start of wave 5 down and it ll try to correct up a little without making a new high when the s&p 500 try to find a top at the resistance zone and then they will go down together , in other words , it might be an early signal from the AUD FOR TOMORROWS ACTION

ANYWAYS ,, PLEASE TAKE TIME TO READ ALL MY WRITTEN ANALYSIS AND NOT ONLY LOOK AT THE CHARTS ,, CAUSE I READ IN A COMMENT THAT SOMEONE TOOK SHORT AT 8450 REGARDLESS MY COMMENT ON THE CHART THAT I LL WATCH THE PRICE ACTION ASIDE WITH THE EQUITY MARKET TO DECIDE IF THIS CHART WILL WORK OUT AS THE BEST SHORT OR THE OTHER LEVEL SHOWN AT THE ORIGNIAL TRADE CHART , SO PLEASE TAKE TIME TO READ THE ANALYSIS ,, IT LL DEVELOPE UR ANALYSIS SKILLS AND KNOWLEDGE BY TIME

last thing , i wont answer any questions or reply on any comment from anyone who didnt register to follow the blog
but i welcome any comment from the followers and i never leave a comment with no reply
love to share a side talk with u guys

Update coming up after few hours

Update coming out after few hours , i noticed someone said he shorted of 8450 , well i didnt confirm this short , i said I LL BE WATCHING THE S&P 500 AND ITS REACTION WITH LEVELS I MENTIONED IN EARLIER CHARTS BEFORE TAKING ANY DECISIONS , and i will explain in my charts today why i holded the short and levels to watch

Hedge closing orders

I m moving the stop on the hedge to the break event ,, so if the AUD / USD comes to the break point back to 83 , then close the hedge with 0 profit or loss ,, just wanna protect the trade ,,, i m seeing a big resistance on 8450 on the AUD/USD but the s&p 500 didnt break the recent high yet , in other words its lagging behind , wanted to see it at one of the key levels i pointed in the chart when the AUD is at 8450 ,, anyways ,, i m watching the market closely for possible action

Chart Speaks for it self

Very short term price action i m watching ,, both pointing south at the end but different scnerios for what it ll do before down

VERY IMPORTANT CHART

remmeber this chart guys , i posted it a day or 2 ago ,, and watch very carefully the levels on it , i showed a move down with an arrow to 82 then bounce to new high at 8450 or 8570 , then a sharp move down ,,, it HAS BEEN WORKING PERFECTLY SO FAR WITH THE EXACT SAME LEVELS I POINTED , the only thing i left on the chart with 2 possiblities is the level where it ll hit before the fall down ,, wether its 8450 or 8570 . and i left this choice for me to decide on later as i see the price action develope ,,
well ,,, now i think i m making the last choice on this beautifull chart ,, as i posted in the most recent chart ,, i counted already 3 waves up and we r on the 4th with 5th to go , i dont think the fifth might extend further than 8450 , dont see it rallying that sharp ,, so ,,, i think my choice for the level is 8450 , but i ll be 100% sure when i see the s&p 500 testing one of the 2 resistance i shown earlier today on the chart ,, lets see where to go from here , but stay close for possible position adjustment in NY session

Update ,, Close ending

I posted some earlier chart showing an end of wave 3 up and 4th down to around 8330 then last wave up ,, i m showing the zoomed in update on that chart ,, just to let everyone knows our position or even trade it if they like ,, after i see a break of the recent top i ll be looking for evidence for this move ending to short the second half and close the hedge ,, stay alerted to the blog for possible position entry soon , i would like to see how the s&p 500 also react at the shown resistance levels

Update on the Trade

oK GUYS , i m posting my charts here to clarify the trade for everyone , i see some people freakin out already ,, although we have 70 pips LOCK on loss with hedge ,, so when it moves up it gives more confident than when it trigger the hedge and go down as some people was afarid of yesterdat
I SAID IN YESTERDAY POST that if it hits 83 then it ll go up with no hesitation ,, and a hedge from there will be good ,, and it did , i shown the possiblity of 2 scenarios ,, one of a direct head down ,, second one is for another sail up to complete ABC correction before going down again ,, althought i was in to the first scenario more but i m so confortable with the price action now for 1 reason , cause it ll make the trade bigger , i was willin to take profit on trading this 5th wave down at yearly low ,, if it goes higher then it ll give us more profit as it recovers all this gains down to double bottom ,, so the trade is getting bigger and more exciting ,,
I M POSTING AN OLDER CHART HERE TO LET PPL REMMEBER THAT I ((( KNEW ))) THERE IS BIG POSSIBLITY THAT IT LL FIND SUPPORT OF THIS 82 LEVEL AND SAIL HIGHER AND THEN DOWN
so i m not surprised as u guys might think i m ,,, ,
anyways ,, what i m doing here is ( BUILDING SHORT POSITION ) FOR THE COMING 5TH WAVE DOWN , building a position is a smart thing to do and should be done very carefully ,, cause u must take in mind 2 things ,,, NOT TO MESS THE TRADE ( THATS WHY I SHORTED FROM THE FIRST POSSIBLITY ) second , take all possiblities ( WHICH IS WHY I SHORTED HALF POSITION WITH THE OTHER TO ADD ON EVIDENCE OF WAVE ENDING )

in the chart shown ,, i m seeing 3 waves up almost complete on the final wave c up ,, with 4 down to go then 5 up ,, i m expecting a positive open for the S&P 500 today and i m stalking its test of the resistance shown on the chart ,, 2 main levels , i ll see where the AUD will be when its testing this levels, and the waves formation ,, and then will decide where to short from and close the hedge ,, someone said i have short orders ,, well i didnt mention short orders of specific levels , i said i m watching for the best short ,,,
AND about why not trading this move up ,, well , to be honest , it was a possible thing to do , but i dont wanna complicate things up with lots of positions , and i m concentrating on the plan i m seeing and i post charts so that some ppl might use it to make trade on there own ,, i said that before ,, i said u can use my charts to make ur trades regardless of my trade plans ,, if u see my chart with good analysis and trust its directions ,,
i traded myself some fast 40 pips trade on the long side , but this kind of trades i cant post it here cause it happenes so fast and i was just grapping some pips and backing off and concentrating on the main bearish bias and the wave count for this move ending ,

Important comment reply

Anonymous said...
when should i hedge till at which point?

May 26, 2010 11:36 PM
Anonymous said...
Jesus, i've got the hedge on now..at which price do u think i should turn it off?

May 27, 2010 12:16 AM
Jesus said...
i m here guys ,, dont freak out ,, will post my charts in an hour or 2 ,, but for now ,, i m watching the waves count and i see more upside to come ,, so stay with ur hedge untill i give u notice to close it and short second position
dont freak out guys ,, watch my first trade from the early start , it started like this ,, a position ,, hedged after 50 pips loss , then shorted again from the top and closed hedge ,, then 700 pips profit ,, just be patient and watch the blog closely ,, and plz subscribe to my blog ,, click the follow botton

Important comment reply about mannaging hedges

centa said...
Hi Jesus, I want to get my head around your current orders. You say short aud/usd at 82.30 and hedge at 83.00 now suppose 83.00 hits first moves up 20 pips or more than drops back down and activates 82.30 when should I close the long hedge position or alternatively 82.30 is first triggered moves 50 or so pips than moves up to hit long at 83.00 when do I close either position?

Secondly most brokers dont allow hedging therefor are there any other suggestions how your trade can be taken. As on most platforms if you have a buy and sell when one gets activated than moves to activate other position your position will be made flat.

Many thanks your work is great.

May 26, 2010 4:36 PM
Jesus said...
well ,, firstly , my wave count centa says that there is very high possiblity that if it breaks the levels 8250 then 8270 then the final resistance 83 then its heading higher , , i dont see it breaking all this levels then retracing all back ,, IF IT BREAKSS 83 U SHOULD HEDGE , that means a break not at 83 itself ,, a break is market by at least half an hour close above it ,,
secondly ,, if you hedge and it breaks higher ,, u should close ur hedge on my second short ,, if it breaks lower u should close the hedge on the first profit target and then it ll bounce and u can then close ur long at lower loss and that will make u out of it with 0 loss if its played well
anyways ,, let me guide u throught the trade ,, if it hits the hedge i ll give notice how to get rid of the hedge
finally ,, my broker dont allow hedging as well ,, u can hedge an AUD/USD 1 unit short by (( longing 1 unit of EUR/USD and shorting 1 unit of EUR/AUD )) that way the position is hedged with no trouble ,, CAD/JPY SHORT can be hedged by (( shorting 1 unit USD/CAD , longing 1 unit USD/JPY )) thats the most accurate hedge if ur broker dont allow direct hedging

Trade Plan Analysis

i promised with a very coming trading plan that i was stalking and now i m up to explain it with charts ,, as i shown in the AUD / USD chart posted yesterday , i was watching very importante resistance levels on the AUD and S&P 500 for the high correlation between them , S&P 500 reversed of the first important level i shown in earlier charts and i waited to see how it close and it was pretty convencing for me when it rejected very hard from that resistance and closed in red and on the other side AUD/USD and all risk pairs got rejected so hard as well from the resistance i shown on earlier chart , i came out at the end of the day with 2 possiblities which is my trade plan
both possiblities r pointing in to a bearish case , first one says that the retracement ended at the yesterdays highs and its going for the 5th wave down , second possiblity is that yesterdays ret. was WAVE A of ABC up With B completing now and C UP TO GO BEFORE DOWN TREND EMERGES.
so both possiblities pointing to a new low coming but its about when ,, but on the other hand the sweet rejection i seen today on the s&p 500 sounds convencing for the first scenario , so i m in to it with a trade plan to capture the down move on both scenarios

Trade Plan Is
shorting of the first bounce which came out now ,, if it breaks the highs then its going into the c wave before the fall to new lows , so i ll hedge the position if it breaks the highs or rebounded so deep to convience me that it ll go break the top ,, then i ll short another half when i see evidence of the end of wave C ( if its to be ) and close the hedge on profits , then ride it down with both units ,, just like what i did with the recent CAD/JPY trade that ended up with good profits ,, cause i mannaged to put the 2 possible scenarios together in to 1 trade plan
Be aware ,, we r trading here the 5th wave down which is not as strong as wave 3 downs ,, wave 5 could end just below the yearly low or sometimes at the same low ,, sometimes deep ,, so i m not taking my chances on that ,, i ll put first target at yearly lows on that CAD/JPY AUD/USD shorts , and second target will be open
i m open to any questions and as i said before when i see the followers over 50 i ll make a twitter account for this blog to allow u to get sms alerts on ur cell for blog updates ,, so make sure u click the follow button on the blog to support me and urself

Position taken

Shorting half position on AUD/USD AT 8230 ( hedge when its over 83)
shorting half position on CAD/JPY at 84.30 ( when it reaches there ) hedge when its over 85

Get ready for a possible entry very soon

as shown in the previous chart i expected a move down in the markets , i wanted to trade it but cause i had to be awaye from the market monitoring for few hours i didnt go for it , but as i said i post charts here than you guys might use it on your own to make money ,, the s&p move down on the first resistance i shown in the charts give me a reason to believe that the ret. is over and we will see the 5th wave down sooner than expected , i m getting ready to short on the first possible bounce and the stop loss will be on the wave top ,, , charts to be posted soon

Plan In Mind

Sorry guys ,, i was planning to enter long this morning but i wokeup like 5 hours late , but i wanna say that i m watching a possible very profitable trade and i m looking at lot of charts ,, maybe it ll need stalking for a day or 2 but it worth it , i wanted to stay today longer to watch the price action as i have some trade in mind but i gotta go now for watching a big match ,, will be back in few hours with analysis and update on a trade that i m watching now , if u have any comments or anything to tell me or share ,, u can comment and i always give big attention to comments and love to answer ur questions

A Possible count i m watching

thats a zoom in on the CAD/JPY chart , showing possible move down and support from the area at 83.60 - 83.90 before a possible move up ,, will see how the waves develop before stepping in

Update

if u seen the s&p 500 chart earlier , u ll see now the s&p 500 finding resistance of the first resistance line i shown earlier on my chart , i m watching a secnario here of a wave b down with c to extend higher ,,,
when markets ends 3 waves down its always confusing for everyone to assume a bearish scenario with 5 waves to come or to go for a start of a 5 waves up and count this 3 waves as correction ABC , so paitent is the key here with deep analysis and observation for the markets, i wihs i started this blog earlier so that we can trade in confident on the start of this wave down ,, anyways ,, stay alerted to the blog

Important comment reply

centa said...
Hi Jesus

I'm Subscribed, hope this goes well for all.

On average how wide are you s/l per trade? Are you looking at any pairs at the moment for some new trades?

Thanks

May 26, 2010 3:43 AM
Jesus said...
well , CENTA ,, sometimes i put little wide Stop loss , Last trade i put 120 , but i dont have a standard stop loss , the market and the Elliott waves analysis tells me where my Stop loss is , last trade i went in short in that CAD/JPY first position at 8480 and i said i ll add more if it breaks up and i did at 85.60 right from the top , but the point is , I SAID ( if anyone shorted the first position he can HEDGE at the break of 8520) untill i take the second short then he can remove the hedge ,, that means the stop loss was at 40 pips and if anyone hedged he could have made 40 pips profit when removed the hedge at 85.60 then ride it down to profits
i understand that sometimes plz dont like to have the wide stop loss and i m one of them ,, so i give hedging alerts to them ,

I M POSTING THIS COMMENT AND EPLY HERE CAUSE I WANT EVERYONE TO SEE THIS REPLY ,,

Charts and Possible trade

Sorry forgot to post the S&P 500 chart ,,, and that CAD/JPY is my possible long trade setup i m looking at now

Where to go from here ?!

Good morning everyone ,, at least its the morning here :)
firstly , i would like to stress on point of that this Blog will be active and full of trade ideas as some ppl where worried about that ,, but as i said , i stalk the market for a good trade , i was stalking the market for days untill i came out with this 700 pips trading plan , so , u might see me posting charts everyday and analysis , wating for some confirmation to go for my next trade plan , but not everyday i have a tarde for u here ,,, some ppl might see my charts and use it on there own to trade ,, but offical trades and will count on my PIPS credit everymonth offcourse will go throught me.
and i think IT WORTH IT TO WAIT FOR FEW DAYS AND HAVE 700 PIPS
i m not promising to give 700 pips every plan offcourse lol , but when i go into trades , i always tend to capture moves that gives more than 100-200 pips ,,
anyways , just keep an eye on the blog here , if i see enought followers i ll start to make a twitter account to be closer to my followers and faster on taking trades ,, so please make sure u click on that follow botton on the blog
back to bussiness
what happened yesterday was so expected and shown in my charts ,, i said i m expecting a new yearly low in the s&p 500 and it did ,, it was expecting another dive to complete the 5th wave down but it was a very brief 5th wave where it opened lower and completed it , at this point when u see 5 waves down then correction then another 5 waves , there is always 2 possibilites ,, ABC THEN UP ,, OR 4TH WAVE THEN DOWN AGAIN , at this point i m looking at the bearish count for various reasons , as shown in the S&P 500 chart , we will be looking for the end of the correction high before we dive again , i ll be stalking the markets on that ending of correction ,FROM PREVIOUS EXPERIENCE ,it would have been better to ride the correction than stalking it cause it cant tell u definitly where it ll end , and i was planning on that AUD/USD chart to ride this correction but i did hesitate a little , but i might jump in with a long trade to ride this up untill i find waves evidence of rally ending .
In the AUD/USD chart , i have seen various Elliott Waves counts that sees that we have already finished 5 down from the top and we r heading to a strong correction maybe up to 88 or something , but i m sticking to what i see on my charts that we finished 3 down with 4th to go before another dive to the 50% ret. on the daily at 0.77 , this count comes invalid if it touches this red line shown on the chart , i put the importante potential resistance level on the chart for possible turn down , I M NOT CONFIRMING THIS TRADE YET ,but stay tuned to this blog for further notice , ,
if it touches the red line its not invalidating the hole bearish scenario but i then have to put some changes to the Elliott waves count
when things gets more sence to me , i ll post it here ,, but if i m assuming a correction but on different deapth then its better to ride it , and i might jump in at anytime today or tomorrow with a trade , so keep an eye on the blog

Trade Closing Results

Profit booked at 72.6 on half Aud/jpy Position shorted from 75.30 +260 pips
Second half closed at 73.70 with profits +160 pips
Profit booked at 83 on half CAD/JPY position shorted at 85.2 +220 pips
Second half closed at 83.80 with profits +140 pips

Total trades profit +780 pips

that very good for 1 week , i think not much ppl trusted to get into the trade as they dont know me yet but i wish as much ppl joined and got good profit

NOT EVERYDAY OR EVERYWEEK we get such profitable trades ,, i ll keep my trade signals running and frequently updated , and i wish more profitable trades for all of us

Your choice ,, moving stop losee 20 pips higher on both trades

i have 2 possiblities here ,, i m sure we gonna have another dive before rebounding ,, i advice ppl to move stop losee 20 pips higher than what i set before ,, but some might wanna take profits , i wont blame them ,, its ur choice

STOPS

Stops at 8360 CAD/JPY
73.70 AUD/JPY

Take profit targets

i m setting 81.50 as the last target on the CAD/JPY AND 71 ON THE AUD/JPY
That will be 410 pips profit on the CAD.JPY and 430 on the AUD/jpy
even if it goes deeper than this levels , i m quite satisfied with that result

Why i didnt close the other half of my winning trades so far ?!!!!

cause i expect the equities to sink today to new yearly lows , and that will mean another deep in the risk and more pips to our position ,,, might close the position at the end of the day or when it hits my targets

Update on the CAD/JPY chart

Update on the CAD/JPY chart
target for the fall might come at 81,50 ,, just stay tuned to the blog

Happy day

I hope everyone is having a happy day today after this very successfull trade , i hope that ppl didnt take there profits early on the first target , cause in this markets u should never say i m sure but it was one of the times i felt sooo much like saying i m sure and i did say it :) , i was sure that the CAD/JPY going to new lows ,, in this markets in order to survive u need to win more than u lose ,, so when u close ur position early and waste up the earning of more pips and when u leave ur Stop loss for trades as wide as 100 pips ,, then u need to capitalize on winning trades and grap as much as u can from the market so that u can lose a small part of it in unsuccessfull trades with tight Stop loss and orgnized setup
i understand that some people might have booked the profits on 83 , but they will regret it much at the end of today when they see it dropping like hundreds of pips more ,, so my final advise for ppl following me ,,, STICK TO MY PLANS , i m sure u ll feel better even if u sometimes lose but u ll feel more satisfied as u ll have captured the hole move down on half position

Booking profits on half Aud/jpy

Booking profits on half the AUD/JPY position at 7260 with total profits of +260 pips ,,

First Take profit on Cad/Jpy

taking profits of half position of Cad/jpy with profits of +220 pips
second target will be at 81 , moving stops to 8450 to lock on 70 pips profit
hope that some ppl caught this trade ,, but more downside to come , might add to the short if i find the oppurtunity

Trades Follow up

Good morning traders , nothing better than waking up on good profits ,, we r on 200 pips or more in the 2 trades we went in yesterday ,,, the s&p 500 fell short from my targeted position so i had to take the shorts early and it was RIGHT FROM THE TOP ,i m expecting a down swing in the s&p 500 today which will support or short position through all the day , i m looking to take first profits on the test of the yearly lows on both trades ,
secondery target will be set accordingly , i see 80-81 in CAD/JPY as second target ,, on the AUD/JPY i cant tell exactly till i see how the waves will develope , will keep it here updated , plz click the follow botton on the blog if u like it so far
very important thing to notice ,,, i would add to the CAD/JPY rather than the AUD/JPY as i believe what u can see on the EUR/AUD chart will be happening soon to the AUD/CAD chart , i mean as i mentioned before the Aud will have soon its time to be stronger than the CAD and the Cad will be the perfect short ,, so thats why i was and i ll be concentrating on the CAD/JPY more ,

Correction

CAD/JPY STOP LOSS AT 8560

Moving stops and setting profit targets

Moving stops on all positions to break event , profit targets for the AUD/JPY CAD/JPY positions ( first target at yearly low ) , second target is open for now
charts to follow in few hours

Charts coming soon

as soon as i confirm a break down i ll be posting new charts and analysis including stop loss for the open trades and profit taking targets ,, please notice on the right top side of the blog the ( open positions ) new tab , its for easy monitoring the position changes and targets updated

Position Taken

ShortED AUD/JPY 75.30
CAD /JPY 8560

Looking to short AUD / JPY at 7550-65
adding Cad/Jpy on 86

i would like to see now the s&p 500 testing 1100 with the AUD/JPY testing 7560 and the CAD/JPY testing 8600-20

and thats an update on a possible AUD/JPY correction count , will be stalking a trade there in a break lower from this consolidation triangle or on a touch of the upper boarder

An Update on that CAD/JPY trade ,, will be looking to add short on the touch of the upper trend line at 86 ,, that looks pretty much like a bearish flage for me , the s&p 500 could try to push higher to the resistance zone i showed in the previous chart and that will take this CAD/JPY to my desired short point

In the previous shown CAD/JAP chart , i shown some key resistance levels i m watching before the possible resume of the trend down ,, i m currently confussed with alot of Elliott waves possible counts for this correction and how it ll extend , but i m positive on some facts that i ll use to mannage a trade on that pair this week
the fact that i dont see a high dipper than 86.50 ,, and the fact that i m so positive on a new low coming ,, so ... the plan is
its very common that when the trend touches this channel , it falls down then try to touch it again and then fail and drop ,, so i have seen now some weakness on the retouch of that line so , i m shorting now of 8490 and i ll be adding short if it breaks lower ,, and in case of a move up the channel , i ll add shorts with stops on 8650 ,
i understand that might be a high SL but i m targeting here 80 which is 500 pips lower , so it worth it
ppl might think of hedging this initial position on the break of 8520 till i can pinpoint a top from there ,, i ll keep this blog updated of this first trade

The s&p 500 looking to meet resistance at the 50% ret. of wave 3 down to go for another deep to end the 5 waves down ,, i have another more bearish count for a dipper fall but i m gonna look at this current one for the time being , i cant tell right now if it wil go for a 5 waves down from the top or that was only ABC correction , i should be very cautious with considering a super bearish scenario for it so i m gonna wait for more confirmation before i do that ,, but for now i m so positive on another fall down which strenghten on the down side of the risk currencies i pinpointed in my last charts

The CAD / JPY
my favorite this days , for 1 reason i see it very logical ,, after the hard move down on the eur and then the AUD took the lead of the most weakened currency against the dollar , i m seeing the CAD taking the lead next for the most weakened against the dollar within the next few weeks.
i have been able to do very successfull trades on that chart cause it shows some clear and easy reading Elliott Waves , the reason why i assume a bigger fall next on that chart more than the AUD and Eur , is that the AUD AND EUR broke ther spike down lows long time ago and went hard into the end of wave 3 down and into wave 4 correction up ,, the CAD didnt break this lows yet to form a possible ending of wave 3 which points to a more hard downside to emerge to break the lows with some distance to forme a wave 4 not overlaping with wave 1 down then in to the finaly wave down.
i m stalking a trade on that chart with the possible resistance shown on the chart , a break of the low will be a strong signal for short as well , will be updating the blog here with possible enteries

after all the time on vacation i m bringing this Blog to life ,, with all the volatility in the markets lately i see very good chance of planning good results and profits out of this fast moving market.
currently i m watching very closely 4 charts ,,,
AUD /USD
CAD /JPY
S&P 500
Dollar index

Firstly the AUD / USD , after this fast move down ,, i m inspecting 2 possible scenarios for this pair but in order to find the more possible LONG term bullish or bearish scenario , i like to look at all this charts together ,, cause the most importante thing in this bussiness to pinpoint very carefully ur long term bias and then all the other side and short term plans will be based on that believe ,,
i ll pinpoint the possible to bias and i ll point to which one i m going for and why ?
the bearch count as shown in the chart shows that we r currently on the 4th wave correction with a coming 5th wave down in to 0.77 (50% ret. on daily for the hole move up)
the bullish wave shows we have finished the ABC correction after this big move down from a 5 waves up from last year lows
i m in to the bearish count which calls for another deep before a wild correction up
cause , what the other charts that i m gonna explain tells me ,
i m stalking a trade here on the AUD with a touch of one of this resistance on the chart with a stop loss at the displayed red line ,, i m gonna announce the short as soon as i get any confirmation on the wave up correction ending

Bringing this Blog to life

After long stoppage time for this blog, i m bringing it to life starting next week and it ll be included with some pinpointed trades ,