Pattern approved — Fortunately, this time I was right. US news made a bearish wave on EJ (although logically we should have been waiting for a bullsih impulse after it). The 5th bearish wave is completing right now on EJ. After that on 15 min ...

Rao Journal: Elliot Wave Analysis

Update on EJ — My last pattern on EJ hasn't been proved, the price went till 134.6 and after that it began to fall. I'm not sure, but I'm thinking about if I can think about this as a false breakout? We're ahead of US news, I think it'll ...

Rao Journal: Elliot Wave Analysis

I'm back — Halo! I'm here again with a pattern on EJ (I think it's my favourite instrument on Forex). I think that in the nearest future we'll see how the 5th bearish wave is forming. this scenario is actual til the price is lower than 134.5

Rao Journal: Elliot Wave Analysis

Ahead of US news — I think that in a couple of minutes we'll see a bullish impulse on eurusd pair.

Rao Journal: Elliot Wave Analysis

Well — I was out of town at the week-end so I had no opportunity to make ahome-work analysis. The only thing I see is that Eur-pairs have a strong bearish momentum, and I want to determine when and where will it finish. By the way, EJ had ...

Rao Journal: Elliot Wave Analysis

A perfect deal — I managed to catch berish wave on EJ. Pay your attention to the fact that announced news was negative for US dollar, but dollar momentally strengthened. That is the weak side of fundamental analysis - the price goes where it ...

Rao Journal: Elliot Wave Analysis

EurJpy is going higher — After fast-speed retracement on the 1st bullish wave EJcontinued to climb higher. By now wave (4) of 3 is being formed. I plan to place a buy order on EJ after the price touches Fibo retracement levels.

Rao Journal: Elliot Wave Analysis

EURUSD 5min — 3rd wave on EU seems to have been completed. I think that downside move will continue now, or at least it'll retrace.

Rao Journal: Elliot Wave Analysis

Well done, EU — My pattern has proved 7 minutes after I made the previous post. I put a buy order on EU waiting for the 3rd wave to the upside. My S/L is below 1.4088

Rao Journal: Elliot Wave Analysis

EUR/USD before FOMC Statement — I see on EU ideal 5-wave structure. Analyzing from the point of view of the Elliott theory, we should wait for a correction move to the downside.

Rao Journal: Elliot Wave Analysis

EJ — A strong upside move is on it's way It's hard to describe this move in waves, as I see, it's still the 1st wave to the upside. In 4 hours the market will boom-boom-pow by Bernanke, I think we'll see a bearish move on the charts as Fed ...

Rao Journal: Elliot Wave Analysis

Let's rise — Well, the final bearish wave was more strong than I expected. But in an hour price managed to find its bottom and begin upside move. I closed my buy orders which I put several hours ago @ 135.07. Now EJ is in correction mode to ...

Rao Journal: Elliot Wave Analysis

EJ's going up? — My pattern has proved during the Asian session. Now it seems for me that the last bearish wave in this impulse is almost completed, so I'll try to make some pips on correction move to the upside.

Rao Journal: Elliot Wave Analysis

Update on EURJPY — As I see the 4th wave is forming, after the 5th wave I wait for a good correction to this bearish move.

Rao Journal: Elliot Wave Analysis

EJ update — Huh, the 5th wave is on it's way down. At the moment 3rd part of it is forming, it means that after correction we should be ready for another downside move.

Rao Journal: Elliot Wave Analysis

Let's think a bit — Well, I wasn't right and did a mistake in counting waves in the last bearish wave. I had doubt, and these doubts weren't senseless. Half of my position was closed by S/L, the other part of it I closed manually later with +6 ...

Rao Journal: Elliot Wave Analysis

EJ is almost ready for the correction move — Good morning! While I was sleeping another profitable position has been closed. More over, the pattern I drew is still actual. Wave (5) of 3 is expanded, it's clear by now. Even the first part of it ...

Rao Journal: Elliot Wave Analysis

EJ on 15min - 11.Aug — As I mentioned in my previous message, we should have looked at the price action on EJ attentively in order to find out if the last wave is shorter or longer than previous one. So, the last wave turned out to become ...

Rao Journal: Elliot Wave Analysis

Comment on the situation — Well, the price went lower than previous min level (137.56, 15:40 on this chart), it means that at the moment the 5th bearish wave is forming. If I'm right, now we are ahead of the completing this wave. Keep in mind ...

Rao Journal: Elliot Wave Analysis

EJ 1min — Huh, catch another update

Rao Journal: Elliot Wave Analysis