Forex: Position Adjustment Or Trend Reversal? by Marc Chandler url

EurAnalysis

My thoughts exactly.

EurAnalysis

You make some very solid arguments. So from your perspective, what would it take to invalidate the bearish outlook you have presented in both your probable scenarios?

EurAnalysis

That is precisely my line of thought, but wanted to know what everyone else was thinking. Thanks for your response Anyone else?

Quantitative and Algorithmic Trading

Hi all, Either I'm not that bright or I'm just plain lazy, but for me getting into complex calculations seems like too much work. I'm not knocking quant analysis at all. In fact I strongly believe that if there is a better, more efficient and ...

Quantitative and Algorithmic Trading

Very interesting

EurAnalysis

My view for 2014. Happy New Year E/U Monthly image

Elliott wave outlook

Granted the underlying fundamental picture may change and cause a shift /distortion in the tech picture, but ever since we broke above 1.3620 on the weekly chart, it's been a confirmed "buy the dips" market to complete the monthly wave C. From a ...

EurAnalysis

That's one hellofa deformed H/S pattern. Could it be you are seeing a mirage in the desert? The RSI is also below 30. I think 1.3550 will put up a huge fight and Monday NY session is gonna be a screamer once the bulls see the Euro so cheap compared ...

EurAnalysis

Excellent. That's the way to do it mate. Whatever works and produces coin is all good. Wave trading is actually quite simple for me. I count the waves and project them with fib retrace and extensions. I yawn a few times while waiting for ...

Cable Update (GBPUSD)

Yep, I agree with your view on pivots. Do you only scalp? Any swing trades in your system?

Cable Update (GBPUSD)

The way I see it, the move down is in 3 waves (Corrective) Unless I see a 4th and 5th wave being drawn (Indicating that it may be impulsive), I am bullish for the long haul. If we do get 5 waves down (Which I seriously doubt), then I am bullish till ...

Cable Update (GBPUSD)

For me 6388 is the bottom, but you should find your own

Cable Update (GBPUSD)

Whatever the reason, I'm sure it was a good one. Perhaps time to load up on some extra strength Ginkgo Biloba

EurAnalysis

Bitcoin is too young for me. For now I only see it as a speculative bubble. I could be wrong but rather safe than sorry. Lots of opportunities for nice profits in other mature instruments.

The Club!

I already have a long at 1.3651 so I won't be opening any more till we either hit 1.3550 or PA tells me that the move down is definitely done. Regardless, I'm bullish on this pair and Cable as well as bearish U/CHF

The Club!

1.6388 is the key level here... on a daily candle close basis.

Cable Update (GBPUSD)