On GBP/USD, notice that we are still on a bull trend and according to COT report GBP is more bullish than euro. This week, non commercials have decreased 1952 contracts on longs and increased 3056 contracts on shorts, these numbers means that we ...

Elliot Wave Analysis

The COT report for euro is that although euro is net long, the weekly long contracts have been reduced by 2533 and short contracts had been increased by 3684. So we are anyway trading this on a counter trend basis coz trend for euro is long but ...

Elliot Wave Analysis

Patience and stop loss is the only thing i can suggest. we can only analyse through past data. It's left out to the big boys as to where they want to take it.

Elliot Wave Analysis

Gbp/usd is behaving a lot better than eur/usd. The fib pattern seems to be working pretty fine and expected near term supply is FE100 (1.3581) as shown in the chart. It can very well go to 161.8 (1.3373) if some strong fundamentals hit the pound.

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On a 4 hr chart, we have resistance of 200 sma plus supply resistance, and there seems to be a decent rejection of price. i am hoping this to continue moving down and then getting some fundamental help to push it a lot more down.

Elliot Wave Analysis

i still want to believe that this is an A wave which is incomplete . needs a downward move to complete. every ounce of this wave is overbought as well. i think its just a matter of time. in any case the wave is not invalidated yet . still has some ...

Elliot Wave Analysis

The only other possibility is that the completed wave was a 4th wave on daily and this could be a 5th wave even then probability is low as the retracement was not even a complete 38.2%. if this was wave 1 completed, then it should have been a lot ...

Elliot Wave Analysis

the average daily range for this pair(gbp/usd) is already done for the day. so don't short now coz you will have a huge drawdown. wait for retracement.

Elliot Wave Analysis

On the contrary, check out GBP/USD, this pair has already started the descend.

Elliot Wave Analysis

image A H4 pin bar is also there. soooo let's cross our fingers !

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Good chart . Wait for FOMC to pull the trigger.

Elliot Wave Analysis

Today is FOMC minutes . This might be the turning point for eur/usd. the invalidation line is on my chart at 1.1993 that is the end point of wave 1. Now, there seems to be a rejection at 50% but it can actually go to 61.8% as well, so protect your ...

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[quote=tiborf71;13483802]I'm just asking out of curiosity that no one is using Nice one !!!!

Elliot Wave Analysis

EUR date long short long change short change %long %short 02 Mar 222655 96667 -5846 6531 70 30 short net long 09-Mar 207588 105624 -15067 8957 66 34 short net long 16-Mar 195857 105881 -11731 257 65 35 short net long 23-Mar 195500 102178 -357 -3703 ...

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You remind me of myself 3 years back.. scratching my head and tearing my hair trying to figure out how cot analysis can help me in intraday or short swing trades. Iam actually impressed by your curious mind . Good research done and I will add to it ...

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sorry guys I've been engaged in some outdoor activities today, so i couldn't update the charts. anyway, there's quite a lot of manipulation and confusion in the market today. The institutional traders are up to something. eur had an 18K increase in ...

Elliot Wave Analysis

I guess we have to wait and see what happens .. i am expecting a gap in the opening price . I am not going to be out of bed at that time, I'll see when I wake up around 3 am GMT. I am expecting euro/usd to be down this week because of the cot ...

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This image of dxy is worth mentioning as per COT report . There could be one more high as 5th wave and then B wave can start possibly. we will see how it goes.

Elliot Wave Analysis

In this report if you notice, the euro shorts have been increased to 18K and longs have been reduced. this clearly indicates that institutional traders are shorting euro massively but retailers are buying and keeping euro afloat. It is a matter of ...

Elliot Wave Analysis

Hi Folks .. I was waiting for this weeks COT report at tradingster.com to check if there are any major changes and yes there are some changes which has changed my view of the counts. I was expecting a bearish USD for some weeks but the COT report is ...

Elliot Wave Analysis