Folks, Hopefully 4th wave is over at 61.8 retracement on 1 hr. we might be in on the 5th wave . My sell position on 61.8 triggered and in decent profit now. will be putting sl to BE any moment. although the retracement wasn't a perfect abc but i'll ...

USD/JPY Discussion

Hi Dano, (this info is purely based on a subjective topic called EW or elliot wave theory) I have been providing the chart of Us dollar Index (dollar strength against any currency). WE have noticed a big bull run on dollar from 4th of may 2014 which ...

USD/JPY Discussion

DOne for the day .. will re check situation during Asian Session but for now it seems to be retracing for the 4th wave up which is normally 50 %. It has already done 38.2 as you can notice in my chart. If this count is correct and this move is an ...

USD/JPY Discussion

FE 161.8 also hit and beyond. US index is at FE 138.2% so anything can happen. My sincere advise is don't even think of scalping this market for long unless you have tight stops.

USD/JPY Discussion

Next target 118.35 - 118.37. There is no stopping this knife.

USD/JPY Discussion

FE100 hit on UJ. Now to see if it will stop for a retrace (4th wave up ) or continue 3rd wave down to FE 161.8 ... looks pretty oversold at the moment (stochs) Let's see the close of this hourly candle.

USD/JPY Discussion

Now that's a better choice !!! USD index is trading 100 pips below it's high and the move looks like a reversal than a mere retracement. Impulsive natured wave on the index means down we go with UJ ... simple math

USD/JPY Discussion

Bad choice unless scalping.

USD/JPY Discussion

similar situation with eur/jpy ... 3rd wave target to 147.28

USD/JPY Discussion

My 2 cents on USD/JPY According to EW i could count 5 waves until 120.20 as wave 1 then an abc to wave 2 until 121.00 . Now poised for a minimum FE 100 on fibo expansion until 119.33. Later a time consuming wave 4 ( if it stops at FE 100 else look ...

USD/JPY Discussion

Dear Trader, If possible, try to get a copy of a book called " Five waves to Financial Freedom" by Ramki Ramakrishnan. It's available online for about $10. It's not a big book, 100 odd pages. The author explains what is required to be known by a ...

Do Elliott waves work?

All i have to say is " Ignorance is Bliss".

Do Elliott waves work?

Good on U —

Perfect Wave - 2012-2/2

Dollar Index chart — Hi SR, [your abbrev itself is support resistance :-)] Thanks for the charts. I have one more request. Is it possible for you to give a count on dollar index chart (daily time frame) whenever time permits? thanks. on ...

Perfect Wave - 2012-2/2

Good on you SR. Might bring you luck in your trades I took partial profit on EU yesterday and left half on BE which hit SL. I have another buy on EU at 1.2332. TP at 1.2515. Good luck on your positions everyone..

Perfect Wave - 2012-2/2

Thanks a million for the chart Dean. It supports my view as well.No position yet. Will wait for tomorrow as it's Wednesday, Carry trades usually are bullish due to triple interest rates, so i'll wait. Regards

Perfect Wave - 2012-2/2

I agree, it is quite something to trade the yen crosses as it is directly involved with the stock market. DAX,s&P500, Nikkei and Dow plays a lot with yen cross volatility. My suggestion for Snowrider is gbp/usd . After Eur/Usd, i think it is the ...

Perfect Wave - 2012-2/2