From an Elliot waves theory standpoint, the structure that has risen since yesterday doesn't look very good, meaning that it has overlaps already. Firstly, I thought it was a leading diagonal but the wave-3 was the shortest, so it's either ...

AUD/USD

No wonder especially after such a bearish comments this morning. I can't recall when someone has given so much clarity in a speech for the markets.

AUD/USD

Commodities: Brent Crude Oil (short term analysis) Even if the Brent Crude Oil was situated into the upside bias (the price being over the major pivot of 48.31 level) and has risen near the confirmation level for buying (49.77), it hasn't closed ...

Trading using two pivots

Commodities: Brent Crude Oil (short term analysis) From yesterday's low of 47.76 level, the brent crude oil has risen to the point where the bias has changed from neutral to up, once again, after closing above the major pivot level of 48.31. Further ...

Trading using two pivots

Has the major upside reaction already started? It could. My Elliot wave knowledge is not fantastic but seems to be a FLAT pattern. We are not into a lower degree 4 wave or 2-wave so those two options are eliminated. But it could be the first wave of ...

AUD/USD

I began with 0.1 lot trade (1 USD) and I have reduced them to 0.03, as the trend developed - so if the trend was about to finish I would lose too much. I plan to do the same after a larger correction. The same sequence: 0.1, 0.05, 0.05, 0.05 and ...

AUD/USD

And why is that?

I hate Forex

Seriously?! The man needed help not making fun of him.

I hate Forex

He will do that for certain.

I hate Forex

Normally, I do not reply to this kind of topic but what-a-heck let's do this! Sir, do you have at least any trading plan before entering into a trade? Even a mentally one...

I hate Forex

Yeah, I am resonating with your kind of view. I have few shorts and I am willing to add more of them after the upside correction will be finished. image

AUD/USD

Forex: AUD/NZD (long term analysis) From the intermediate high of 1.1331, the currency pair felt pretty dramatically towards 1.065 and failed to sustain itself for challenging the 1.1380 pivot level. The bias in neutral, the price being situated ...

Trading using two pivots

Commodities: Brent Crude Oil (short term analysis) The oil felt from the 50.15 high straight below the 48.31 pivot, which means that has entered into a neutral bias, a possible further downside erratic correction could be seen. So, we'll wait for a ...

Trading using two pivots

Did you mean 0.7175 with the 175 should be it for today? At some point, I agree that this whole downside movement has to correct more violently than it had so far. Already has begun drawing wedges on the 5-minute time frame. In Elliot terms could ...

AUD/USD

Yes, but maybe you were too patience with your losing trades not with your profitable ones - this is a huge issue if it's true.

AUD/USD

It's easy to put a fancy Gann arc decorated chart and voila - it goes up or down - as our will is. Without further explanation, each on of us can see whatever we want. Like Rorschach test! I wonder when someone from forexfactory team will clean-up ...

AUD/USD

Be more specifically, please.

AUD/USD

Any reason to sustain your theory?

AUD/USD

I began counting from 1 min and 5 min time frames (Elliot waves) and seems to be over with the long positions on this currency pair, it has begun the first phase of an impulse. If the 0.7343 is invalidated then the whole impulsive scenario thing is ...

AUD/USD

No offense but when you say "reality" actually means that you are not well prepared for this task, unfortunately.

Forex as a Future?