Please follow the link:
EUR/JPY & USD/CAD H1 Update
Thanks,
Seb
الاثنين، 8 يوليو 2013
الجمعة، 5 يوليو 2013
الخميس، 4 يوليو 2013
Gold is a pure Epsilon/Narrative asset
I came across this gem of a blog from a reader sending me Mauldin Economics' latest.
I think I could argue the case that gold is almost all Epsilon and little Alpha or Beta, because it is a Monetary asset, because of its massive stocks to flow ratio. As I said here "It is actually supply - the withholding of supply - that matters most." What those holders think matters, and that "think" is what the blogger calls a Narrative.
What we see going on in the goldbug internet is an attempt to construct a Narrative around gold. However, as the blogger says, it is not necessary for the Narrative to be true, "it is only important for a Narrative to sound truthful." Truth is not relevant because the point of the Narrative is to serve the interests of the powerful/those who are communicating it. How true - truth doesn't matter as long as it generates clicks and sells newsletters and coins.
It seems my, at times, crusade for truth in the blogosphere is in vain because what matters is "the more Common Knowledge in play at any given time, the more that market behaviors will be driven by the rules and logic of the Common Knowledge Game than by fundamentals or traditional factors."
Certainly I would have to concede that the current goldbug Narrative (a group of various memes) is all pervading in the gold blogosphere and I'm not really making a dent. There is a catch however. What the goldbugs don't realise is that their Narrative is not the Narrative that the rest of the world is using. Indeed in this post the blogger says that gold doesn't have a Narrative:
"In some periods of history gold is money. In other periods of history gold is not. But gold is always something, and that something is defined by the Common Knowledge of the day. To be an efficient gold investor in any period, I believe it’s crucial to identify and measure the relevant Narrative that is driving the Common Knowledge regarding gold. Only then can one construct an informational surface that predicts how the equilibrium price of gold will respond to new information ... There is no stand-alone Narrative regarding gold today, as there was in 1895. Today gold is understood from a Common Knowledge perspective only as a shadow or reflection of a powerful stand-alone Narrative regarding central banks, particularly the Fed … what I will call the Narrative of Central Banker Omnipotence. Like all effective Narratives it’s simple: central bank policy WILL determine market outcomes."
The result is that those who operate under the blogosphere Narrative will make the wrong decisions:
"You may privately believe that J.P. Morgan is still right, that gold has meaning as a store of value. But if you participate in the market on the basis of that belief, then you will buy and sell gold in an incredibly inefficient manner. You would be a smart gold investor in 1895, but a poor gold investor today."
This is a challenging statement for goldbugs - it doesn't matter if you think gold is a store of value, or if it should be one, what matters is what most people think gold is. I first came across this idea when reading The Social Construction of Reality (see this blog post of mine for background on this idea). When making investment decision what matters is what is, not what ought to be. I think most blogosphere Narratives are about the Ought, not the Is. That's fine, just don't buy and sell on that basis.
I think I could argue the case that gold is almost all Epsilon and little Alpha or Beta, because it is a Monetary asset, because of its massive stocks to flow ratio. As I said here "It is actually supply - the withholding of supply - that matters most." What those holders think matters, and that "think" is what the blogger calls a Narrative.
What we see going on in the goldbug internet is an attempt to construct a Narrative around gold. However, as the blogger says, it is not necessary for the Narrative to be true, "it is only important for a Narrative to sound truthful." Truth is not relevant because the point of the Narrative is to serve the interests of the powerful/those who are communicating it. How true - truth doesn't matter as long as it generates clicks and sells newsletters and coins.
It seems my, at times, crusade for truth in the blogosphere is in vain because what matters is "the more Common Knowledge in play at any given time, the more that market behaviors will be driven by the rules and logic of the Common Knowledge Game than by fundamentals or traditional factors."
Certainly I would have to concede that the current goldbug Narrative (a group of various memes) is all pervading in the gold blogosphere and I'm not really making a dent. There is a catch however. What the goldbugs don't realise is that their Narrative is not the Narrative that the rest of the world is using. Indeed in this post the blogger says that gold doesn't have a Narrative:
"In some periods of history gold is money. In other periods of history gold is not. But gold is always something, and that something is defined by the Common Knowledge of the day. To be an efficient gold investor in any period, I believe it’s crucial to identify and measure the relevant Narrative that is driving the Common Knowledge regarding gold. Only then can one construct an informational surface that predicts how the equilibrium price of gold will respond to new information ... There is no stand-alone Narrative regarding gold today, as there was in 1895. Today gold is understood from a Common Knowledge perspective only as a shadow or reflection of a powerful stand-alone Narrative regarding central banks, particularly the Fed … what I will call the Narrative of Central Banker Omnipotence. Like all effective Narratives it’s simple: central bank policy WILL determine market outcomes."
The result is that those who operate under the blogosphere Narrative will make the wrong decisions:
"You may privately believe that J.P. Morgan is still right, that gold has meaning as a store of value. But if you participate in the market on the basis of that belief, then you will buy and sell gold in an incredibly inefficient manner. You would be a smart gold investor in 1895, but a poor gold investor today."
This is a challenging statement for goldbugs - it doesn't matter if you think gold is a store of value, or if it should be one, what matters is what most people think gold is. I first came across this idea when reading The Social Construction of Reality (see this blog post of mine for background on this idea). When making investment decision what matters is what is, not what ought to be. I think most blogosphere Narratives are about the Ought, not the Is. That's fine, just don't buy and sell on that basis.
الأربعاء، 3 يوليو 2013
EUR/USD M10, M30, H1 & H4 Update
This is new feed for Volume Spread Analysys that have come from Infinity Futures Ltd and I hope it is a rather very good data provider.
General Outlook:
Anyway, there are two main scenatios for EURUSD now, and the difference is in placement of possible ent of wave (2) that is either finished OR latest leg down is a wave (b) of (a)(b)(c) Irregular Flat:
SCENARIO 1: Main on H4 TF - Impulsive bearish wave progression continues wirh wave (1) and (2) done already and the price is in the first staged of making wave (3)
SCENARIO 2: Alternate H1 TF - Wave (2) has not been finished yet and recent leg down is abc of wave (b) of larger cycle Irregular Flat Wave (2) correction. To confirm this outlook , price must go above 1.3000 level and then break the Weekly Pivot level as well.
Support/Resistance:
1.2984 - Swing Low
1.3041 - Weekly Pivot
1.3087 - 23%Fbo
1.3097 - WR1
1.3101 -1.3111 - 38%Fibo/Agressive Sell Area /Previous wave Four Area/WR1
1.3206 - WR2
1.3251 - 1.3265 - WR3/Key Resistance Area/ Clessic Sell Area
Trading Recommendation:
Buying is preffered only if channel is broken and previous wave 4 area with round nuber 1.3000 is broken and tested as well. Otherwise go with the flow and sell this area.
Seb
General Outlook:
Anyway, there are two main scenatios for EURUSD now, and the difference is in placement of possible ent of wave (2) that is either finished OR latest leg down is a wave (b) of (a)(b)(c) Irregular Flat:
SCENARIO 1: Main on H4 TF - Impulsive bearish wave progression continues wirh wave (1) and (2) done already and the price is in the first staged of making wave (3)
SCENARIO 2: Alternate H1 TF - Wave (2) has not been finished yet and recent leg down is abc of wave (b) of larger cycle Irregular Flat Wave (2) correction. To confirm this outlook , price must go above 1.3000 level and then break the Weekly Pivot level as well.
Support/Resistance:
1.2984 - Swing Low
1.3041 - Weekly Pivot
1.3087 - 23%Fbo
1.3097 - WR1
1.3101 -1.3111 - 38%Fibo/Agressive Sell Area /Previous wave Four Area/WR1
1.3206 - WR2
1.3251 - 1.3265 - WR3/Key Resistance Area/ Clessic Sell Area
Trading Recommendation:
Buying is preffered only if channel is broken and previous wave 4 area with round nuber 1.3000 is broken and tested as well. Otherwise go with the flow and sell this area.
Seb
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الثلاثاء، 2 يوليو 2013
الاثنين، 1 يوليو 2013
الأحد، 30 يونيو 2013
EUR/USD M30 Update
General Overview:
Five waves to the downside with expanded wave (iii) seems to be done and market is up to correction.
First wave of corrective wave (2) looks complex and it is a first clue that the rest part of wave (2) might get complex in time and price as well.
Recent wave { a OR i } to the downside is in five waves and this might indicate even that the correction is over and market will be heading sharply lower in impulsive fashion. Nevertheless, please be aware that this might be just a ZigZag wave b as a part of Irregular Flat correction wave (2).
Support/Resistance:
1.2984 - Swing Low
1.3089 - 23%Fbo
1.3152 - 38%Fibo/First possible Distributio Area/Previous wave Four Area
Trading Recommentadion:
If next wave to the downside will be in five waves and if it will NOT break 1.2950 level than one can try to go long to try to catch wave (c) to the upside. TP is the 1.3152 as a possible distribution area.
Seb
Five waves to the downside with expanded wave (iii) seems to be done and market is up to correction.
First wave of corrective wave (2) looks complex and it is a first clue that the rest part of wave (2) might get complex in time and price as well.
Recent wave { a OR i } to the downside is in five waves and this might indicate even that the correction is over and market will be heading sharply lower in impulsive fashion. Nevertheless, please be aware that this might be just a ZigZag wave b as a part of Irregular Flat correction wave (2).
Support/Resistance:
1.2984 - Swing Low
1.3089 - 23%Fbo
1.3152 - 38%Fibo/First possible Distributio Area/Previous wave Four Area
Trading Recommentadion:
If next wave to the downside will be in five waves and if it will NOT break 1.2950 level than one can try to go long to try to catch wave (c) to the upside. TP is the 1.3152 as a possible distribution area.
Seb
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السبت، 29 يونيو 2013
الجمعة، 28 يونيو 2013
الأربعاء، 26 يونيو 2013
الثلاثاء، 25 يونيو 2013
EUR/USD M30 25.06.2013 Trade Ariel
EUR/USD
BUY
1 position: 1.3095
2 position: 1.3088
SL 1.3079
Risk: 26 pips
CLOSE: 1.3107
PROFIT:+30 PIPS
BUY
1 position: 1.3095
2 position: 1.3088
SL 1.3079
Risk: 26 pips
CLOSE: 1.3107
PROFIT:
الاثنين، 24 يونيو 2013
EUR/JPY H1 Update
General Overview:
Previous Update is here:
http://elliottfxtrader.blogspot.com/2013/06/eurjpy-h4-update.html
Price is in a complex and time consuming corrective wave X and last 7 swing to the upside make it some sort of complex corrective pattern. That means more correction to the upside is anticiapted - no clear outlook right now.
Support/Resistance:
131.26 - Swing high
129.92 - 78%Fibo
126.92 - Weekly pivot
124.94 - Swing Low
Trading Recommendation:
Stay away until clear pattern emerge.
Seb
Previous Update is here:
http://elliottfxtrader.blogspot.com/2013/06/eurjpy-h4-update.html
Price is in a complex and time consuming corrective wave X and last 7 swing to the upside make it some sort of complex corrective pattern. That means more correction to the upside is anticiapted - no clear outlook right now.
Support/Resistance:
131.26 - Swing high
129.92 - 78%Fibo
126.92 - Weekly pivot
124.94 - Swing Low
Trading Recommendation:
Stay away until clear pattern emerge.
Seb
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EUR/USD H1 Update
General Overview:
Wave 1 should be finished now in five impulsive waves so sellig the rallys is the way to go now. First sell entry is for agressive traders, more classic one is on the previous wave four area of a lesser degree @ 1.3250 - 1.3290 area - this area merges with some important Fibo retracements.
If You like to ride a waves, You can buy the lows of wave 1 as well with stop loss below the low and take profit levels into sell areas.
Please notice that the alternate count indicates a possibility of WXY Irregular Flat Wave 4 correction as well so any impulsive development above 78.6%Fibo would put the count into question.
Support/Resistance:
1.3416 - Swing High
1.3343 - 78.6% Fibo
1.3250 - 1.3290 Classic Sell Entry Area
1.3175 - Agressive Sell Entry Area (tigh SL)
1.3098 - Swing Low
1.3000 - Alternate count invalidation line/Top confirmation
Trading Recommendation:
Sell the Agressive (tight SL) or Classical Sell Entry Area with SL above the Swing High in anticipation of larger cycle decline.
SIGNALS:
Forex Signal No.330a|Sell EUR/USD@1.3175|SL:1.3190|TP1:1.3100|2013.06.22 11:30 CET|ScalpSell|
Forex Signal No.330b|Sell EUR/USD@1.3250|SL:1.3420|TP1:1.2950|TP2:1.2750|2013.06.22 11:30 CET|SwingSell|
Forex Signal No.330c|Sell EUR/USD@1.3290|SL:1.3420|TP1:1.2950|TP2:1.2750|2013.06.22 11:30 CET|SwingSell|
Seb
Wave 1 should be finished now in five impulsive waves so sellig the rallys is the way to go now. First sell entry is for agressive traders, more classic one is on the previous wave four area of a lesser degree @ 1.3250 - 1.3290 area - this area merges with some important Fibo retracements.
If You like to ride a waves, You can buy the lows of wave 1 as well with stop loss below the low and take profit levels into sell areas.
Please notice that the alternate count indicates a possibility of WXY Irregular Flat Wave 4 correction as well so any impulsive development above 78.6%Fibo would put the count into question.
Support/Resistance:
1.3416 - Swing High
1.3343 - 78.6% Fibo
1.3250 - 1.3290 Classic Sell Entry Area
1.3175 - Agressive Sell Entry Area (tigh SL)
1.3098 - Swing Low
1.3000 - Alternate count invalidation line/Top confirmation
Trading Recommendation:
Sell the Agressive (tight SL) or Classical Sell Entry Area with SL above the Swing High in anticipation of larger cycle decline.
SIGNALS:
Forex Signal No.330a|Sell EUR/USD@1.3175|SL:1.3190|TP1:1.3100|2013.06.22 11:30 CET|ScalpSell|
Forex Signal No.330b|Sell EUR/USD@1.3250|SL:1.3420|TP1:1.2950|TP2:1.2750|2013.06.22 11:30 CET|SwingSell|
Forex Signal No.330c|Sell EUR/USD@1.3290|SL:1.3420|TP1:1.2950|TP2:1.2750|2013.06.22 11:30 CET|SwingSell|
Seb
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USD/CHF H4 Update
General Overview:
There is still one more wave to the downside missing so all the upside rallys should be considered as corrective and the main objective now is to find the end of wave 4 and sell it.
I have two scenarios here:
SCENARIO 1: wave 4 will end on previous wave four area of a higher degree ( (iv) ) somewhere in the area of 0.9400 - 0.9417
SCENARIO 2: wave 4 will end higher into 50% Fibo somewhere in the area of 0.9483 - 0.9515.
Please notice that there is a possibility, that this wave 4 might be in shape of a TRIANGLE as well!
Support/Resistance:
0.9834 - Swing High
0.9590 - blue impulsive count invalidation line
0.9567 - 61%Fibo
0.9517 - 0.9483 SUPPLY ZONE OF WAVE 4
0.9400 - 0.9417 - SUPPLY ZONE OF WAVE 4
0.9132 - Swing Low
Trading Recommendation:
Sell the wave rallys inot the SUPPLY AREAS of 0.9400 - 0.9417 OR 0.9517 - 0.9483
SIGNALS:
Forex Signal No.336a|Sell USD/CHF@0.9417|SL:0.9437|TP1:0.9250|TP2:0.9137|2013.06.22 11:30 CET|SwingSell|
Forex Signal No.336b|Sell USD/CHF@0.9515|SL:0.9537|TP1:0.9250|TP2:0.9137|2013.06.22 11:30 CET|SwingSell|
Seb
There is still one more wave to the downside missing so all the upside rallys should be considered as corrective and the main objective now is to find the end of wave 4 and sell it.
I have two scenarios here:
SCENARIO 1: wave 4 will end on previous wave four area of a higher degree ( (iv) ) somewhere in the area of 0.9400 - 0.9417
SCENARIO 2: wave 4 will end higher into 50% Fibo somewhere in the area of 0.9483 - 0.9515.
Please notice that there is a possibility, that this wave 4 might be in shape of a TRIANGLE as well!
Support/Resistance:
0.9834 - Swing High
0.9590 - blue impulsive count invalidation line
0.9567 - 61%Fibo
0.9517 - 0.9483 SUPPLY ZONE OF WAVE 4
0.9400 - 0.9417 - SUPPLY ZONE OF WAVE 4
0.9132 - Swing Low
Trading Recommendation:
Sell the wave rallys inot the SUPPLY AREAS of 0.9400 - 0.9417 OR 0.9517 - 0.9483
SIGNALS:
Forex Signal No.336a|Sell USD/CHF@0.9417|SL:0.9437|TP1:0.9250|TP2:0.9137|2013.06.22 11:30 CET|SwingSell|
Forex Signal No.336b|Sell USD/CHF@0.9515|SL:0.9537|TP1:0.9250|TP2:0.9137|2013.06.22 11:30 CET|SwingSell|
Seb
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CHF/PLN Weekly Update
General Overview:
Recent price development urged to change to count due to no impulsive price rection after previous wave 4 low. The new count indicates, that wave 4 is a classical traiangle pattern anr recent range breakout is first wave (i) to the upside that on Daily chart has been finished and now a correction is due. When corrective wave (ii) will be done, powerfull wave (iii) is just about the corner.
The Key Level is 55 period moving average - the last time price went to this level it was heavily bought.
If Extended Triangle pattern line will be broken, then this would be first clue that low is in.
Support/Resistance:
3.700 - Swing High
3.5500 - Extended Triangle pattern trend line
3.4750 - 100 WMA
3.4150 - 55 WMA
3.3000 - Wave one low/Bullish count invalidation level
3.2650 - Swing Low
Trading Recommendation:
Buy the dips with SL below 3.300 and POTENTIAL target of 4.100 easy.
Seb
Recent price development urged to change to count due to no impulsive price rection after previous wave 4 low. The new count indicates, that wave 4 is a classical traiangle pattern anr recent range breakout is first wave (i) to the upside that on Daily chart has been finished and now a correction is due. When corrective wave (ii) will be done, powerfull wave (iii) is just about the corner.
The Key Level is 55 period moving average - the last time price went to this level it was heavily bought.
If Extended Triangle pattern line will be broken, then this would be first clue that low is in.
Support/Resistance:
3.700 - Swing High
3.5500 - Extended Triangle pattern trend line
3.4750 - 100 WMA
3.4150 - 55 WMA
3.3000 - Wave one low/Bullish count invalidation level
3.2650 - Swing Low
Trading Recommendation:
Buy the dips with SL below 3.300 and POTENTIAL target of 4.100 easy.
Seb
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NZD/USD H4 Update
General Overview:
The bullish divergence on Daily chart suggest the wave 3 has ended @ 0.7695 OR there is one small degree wave missing before the corrective bounce in wave 4 will occur.
The Key Level for further upside is at Key Zone: any breakout would mean more complex and time consuming correction.
Support/Resistance:
0.8135 - Swing High
0.8000 - 0.8050 - Key Zone
0.7915 - descending trend line resistance
0.7695 - Swing Low
Trading Recommendation:
Easy money has been done here so patience is required. More agressive traders can go long after the low of wave 5 is confirmed with the first target on 0.8000 zone.
Seb
The bullish divergence on Daily chart suggest the wave 3 has ended @ 0.7695 OR there is one small degree wave missing before the corrective bounce in wave 4 will occur.
The Key Level for further upside is at Key Zone: any breakout would mean more complex and time consuming correction.
Support/Resistance:
0.8135 - Swing High
0.8000 - 0.8050 - Key Zone
0.7915 - descending trend line resistance
0.7695 - Swing Low
Trading Recommendation:
Easy money has been done here so patience is required. More agressive traders can go long after the low of wave 5 is confirmed with the first target on 0.8000 zone.
Seb
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AUD/USD H4 Update
General Overview:
I have re-vised and re-labeled the count again, but the change is almost purly aesthetic: the main problem for me was why the price has broken out to the downside from multi-year triangle formation and not to the upside desplite a lack of one more impulsive wave?
Based on that question I have changed the count and I have fount out, that there is still one more possibility for this very complex and time consuming wave 4 to be valid - the result is on Weekly chart.
On the other hand, on H4 chart one can see a pretty rare ending formation calle Expanding Ending Diagonal Triangle. What supports this view is the fact, that there is heavy buying on futures market if price is makieng a new low.
Still the target for wave 4 is geometrical harmony of A = C @ 0.8957 - 0.9000 area.
Support/Resistance:
0.9594 - Swing High
0.9470 - Key Level/Trend Line Resistance
0.9100 - Swing Low
0.8957 - Wave C Target
Trading Recommendation:
Easy money has been done here so patience is required.Go long ONLY after confirmation on Daily Candle.
Seb
I have re-vised and re-labeled the count again, but the change is almost purly aesthetic: the main problem for me was why the price has broken out to the downside from multi-year triangle formation and not to the upside desplite a lack of one more impulsive wave?
Based on that question I have changed the count and I have fount out, that there is still one more possibility for this very complex and time consuming wave 4 to be valid - the result is on Weekly chart.
On the other hand, on H4 chart one can see a pretty rare ending formation calle Expanding Ending Diagonal Triangle. What supports this view is the fact, that there is heavy buying on futures market if price is makieng a new low.
Still the target for wave 4 is geometrical harmony of A = C @ 0.8957 - 0.9000 area.
Support/Resistance:
0.9594 - Swing High
0.9470 - Key Level/Trend Line Resistance
0.9100 - Swing Low
0.8957 - Wave C Target
Trading Recommendation:
Easy money has been done here so patience is required.Go long ONLY after confirmation on Daily Candle.
Seb
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24.06.2013 - GBP/USD M30
Buy GBP/USD
1 position 1.5357
2 position 1.5350
SL 1.5339
RISK 27 pips
TP 1.5410
1 position 1.5357
2 position 1.5350
SL 1.5339
RISK 27 pips
TP 1.5410
CLOSE POSITION:
RISK: 27 PIPS PROFIT: 50 PIPS R/R 1,85
الجمعة، 21 يونيو 2013
CHANGES ON VIP SERVICE
Hi Guys,
I have a pleasure to announce that Sigma_Square VIP Service has found partnership agreement with http://www.resistanceinvest.com/ and decided to improve the service and co-operate for mutual benefits of their clients.
From the next weekend (22-23 June 2013) I will upload new charts, signals and video analysys into new site and gradually move the whole blog content to the fully functional new web page.
For all current subscribers: I will continue to post as usuall up to the end of subscribtion period and then this blog will be closed ( probably end of July - beginning of August). Then If You would like to continue with subscribtion, You would be able to do so by singing up to Sigma_Square on http://www.resistanceinvest.com/.
Please notice that Sigma_Square and INGtrading are TWO SEPARATE SUBSCRIPTIONS.
The price for monthly subscription stays the same $50/month.
King regards,
Sebastian Seliga
الخميس، 20 يونيو 2013
EUR/USD M30 CFD VSA Update
Intraday overview:
There is still a possible new high if we consider the alternate count, that indicates the (a)(b)(c) wave 4 Irregular Flat correction - the price is now in ending stages of wave v of wave (c).
From VSA point of view the most important confirmation of further wekness to come is Yao Ming bar on volume that indicates high selling. This was hinted way before due to a wekness in the backgroud in EURUSD.
Key Area for bulls is 1.3175 - 1.3195 zone that has the higer possible rate of reversal as this is previous wave 4 area as well.
Support/Resistance:
1.3422 - Swing high
1.3321 - Weekly Pivot
1.3175 - 1.3195 - Technical Support and previous wave 4 area
1.3108 - WS2
1.3036 - WS3.
Trading recomendation:
If this 1.3422 is top of wave 2 then short the rally into 1.3321 area with targets of 1.30108 up to 1.3036. Any sustained move above this level puts the count into question, and break of 1.3422 would invalidate the count.
There is still a possible new high if we consider the alternate count, that indicates the (a)(b)(c) wave 4 Irregular Flat correction - the price is now in ending stages of wave v of wave (c).
From VSA point of view the most important confirmation of further wekness to come is Yao Ming bar on volume that indicates high selling. This was hinted way before due to a wekness in the backgroud in EURUSD.
Key Area for bulls is 1.3175 - 1.3195 zone that has the higer possible rate of reversal as this is previous wave 4 area as well.
Support/Resistance:
1.3422 - Swing high
1.3321 - Weekly Pivot
1.3284 - Resistance/Triangle Low Level
1.3246 - WS11.3175 - 1.3195 - Technical Support and previous wave 4 area
1.3108 - WS2
1.3036 - WS3.
Trading recomendation:
If this 1.3422 is top of wave 2 then short the rally into 1.3321 area with targets of 1.30108 up to 1.3036. Any sustained move above this level puts the count into question, and break of 1.3422 would invalidate the count.
الأربعاء، 19 يونيو 2013
الثلاثاء، 18 يونيو 2013
EUR/JPY H4 Update
This chart has been posted in VIP Service on 16 June 2013.
Seb
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Seb
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EUR/USD M30 Update
Two scenarios here:
SCENARIO 1:
Wave 5 has been finished in truncaded wave five mode and now the price will be heading lower. First confirmation is 1.3286 level breakout.
SCENARIO 2:
Wave 5 has not been finished and the triangle is on the making. New high is expected if 1.3385 is broken.
Seb
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SCENARIO 1:
Wave 5 has been finished in truncaded wave five mode and now the price will be heading lower. First confirmation is 1.3286 level breakout.
SCENARIO 2:
Wave 5 has not been finished and the triangle is on the making. New high is expected if 1.3385 is broken.
Seb
IF YOU WOULD LIKE TO RECEIVE MORE CHARTS LIKE THIS ( FOREX, FUTURES AND STOCKS) WITH ANALYSYS, ARROWS,TARGETS, ENTRY LEVELS TP AND SL - JOIN THE V.I.P. SERVICE NOW!
السبت، 15 يونيو 2013
Sigma Square (VIP SERVICE) Weekly Trading Results 10-14 June 2013
Hello Traders!
Those are the results for this week: +3.2% on PAMM account and over 1077pips made!
I have been not using leverage trading PAMM acccount due to no setup present to take this kind of risk. Maybe next week will bring more opportunities.
Please remember that Sigma_Square is my VIP SERVCE alias.
Weeks From 10.06.2013 - 14.06.2013
Forex Signal No.332|Sell CAD/JPY@97.04|SL:97.55|TP1:96.
Forex Signal No.332|Sell CAD/JPY@97.04|SL:97.55|TP1:96.
Forex Signal No.332|Sell CAD/JPY@97.27|SL:97.55|TP1:96.
Forex Signal No.331a|Sell USD/JPY@97.70|SL:97.85|TP1:96.
Forex Signal No.332b|Sell USD/JPY@98.30|SL:98.46|TP1:96.
Forex Signal No.331c|Sell USD/JPY@98.80|SL:99.55|TP1:96.
Forex Signal No.331d|Sell USD/JPY@99.13|SL:99.55|TP1:96.
Forex Signal No.331a|Sell USD/JPY@99.30|SL:99.55|TP1:96.
Forex Signal No.330a|Sell EUR/JPY@129.05|SL:130.05|TP1:
Forex Signal No.330b|Sell EUR/JPY@129.60|SL:130.05|TP1:
Forex Signal No.329|Sell GBP/USD@1.5850|SL:1.5920|TP1:
Forex Signal No.327|Sell EUR/USD@1.3343|SL:1.3373|TP1:
Forex Signal No.328|Sell EUR/USD@1.3505|SL:1.3737|TP1:
Additional +630pips made in various swing trades tweeted live on my private stream on Twitter that is availabe for VIP SERVICE subscribers. JOIN NOW TO THE VIP SERVICE TO RECEIVE LIVE BUY and SELL SIGNALS!!!
Week from 10.06-14.06.2013
Grand Total since 20.12.2012
+6411pips!
+207 DAX Points
+22 SP500 points
+$49 Gold
+115 NatGas
+110 Nikkei
+5 Corn
+1 Soybeans
+2914 GOOGLE
+371 APPLE
Trade of the week is of course USDJPY Shorts: almost spot on analysys and then if You have been patient enough You coud make a lot of pips because all TP levels were hit and beyond!!!
We are back on track!
More details is on RESULTS page of this blog.
Regards,
Sebastian Seliga
+2914 GOOGLE
+371 APPLE
Trade of the week is of course USDJPY Shorts: almost spot on analysys and then if You have been patient enough You coud make a lot of pips because all TP levels were hit and beyond!!!
We are back on track!
More details is on RESULTS page of this blog.
Regards,
Sebastian Seliga
الجمعة، 14 يونيو 2013
Eur/Nzd H4 Update
Looks like a,b complete of wave 4 and we are well ahead of complete the wave 4. i think one push down need to complete the count. Good chance to complete in between 1.6344 to 1.6357.
الخميس، 13 يونيو 2013
EURPLN, USDPLN , CHFPLN Weekly Update
Aktualizacja licznika podsawowych par walutowych ze zlotowka w tle czyli EURPLN, USDPLN, CHFPLN.
Pelna analiza video tutaj:
http://www.youtube.com/watch?v=5MuLNx5vsxI
Wykresy:
Pelna analiza video tutaj:
http://www.youtube.com/watch?v=5MuLNx5vsxI
Wykresy:
DAX30 Futures H1 Update
I have added a possible alternate count in schape of impulsive wave alt:1 and alt:2. After that next wave is a potential Leading Diagonal wave 1 but any movement above the invalidation line make new high above wave A more possible.
Seb
IF YOU WOULD LIKE TO RECEIVE MORE CHARTS LIKE THIS ( FOREX, FUTURES AND STOCKS) WITH ANALYSYS, ARROWS,TARGETS, ENTRY LEVELS TP AND SL - JOIN THE V.I.P. SERVICE NOW!
Seb
IF YOU WOULD LIKE TO RECEIVE MORE CHARTS LIKE THIS ( FOREX, FUTURES AND STOCKS) WITH ANALYSYS, ARROWS,TARGETS, ENTRY LEVELS TP AND SL - JOIN THE V.I.P. SERVICE NOW!
Eur/Ndz H4 Update
Yesterdays H4 update was the end of Blue wave 3 and we can already spot that blue wave 4 start. Recent push down to near .382 fibo level is wave a of wave 4. as wave a complete near .382 we can expect wave 4 will complete near .50 fibo level also notice that after a long time up trend this is first time we see some downtrand as this is wave 4 after long trand up i think it will be more complex then regular abc wave 4.
الأربعاء، 12 يونيو 2013
Eur/NZD H4 Update
Blue wave 3 complete at expected murry math level which was 1.7089 and now we are going down to complete wave blue wave 4. yesterday i was unable to post a 4h update, i am really sorry for that.
الثلاثاء، 11 يونيو 2013
EUR/USD CFD Futures M30 Update
We have first signs of distribution process going on but only on M30 - H1 charts.
Short trigger level is 1.3201 - below that more weakness is expected.
Nevertheless, there is one more wave missing to the upside to finish the cycle.
Seb
Short trigger level is 1.3201 - below that more weakness is expected.
Nevertheless, there is one more wave missing to the upside to finish the cycle.
Seb
السبت، 8 يونيو 2013
الجمعة، 7 يونيو 2013
PAMM ACOUNT - PA-VSA-trader
Hello,
I have just opened PAMM account on InstaForex broker.
(http://www.instaforex.com/pl/pamm_monitoring.php?trader=5214950)
my own capital: 100 usd.
strategy:
working system: Day Trading (5 days in week)
pairs: EUR/USD; GBP/USD, EUR/JPY, AUD/USD, DAX.
SL: 15-30 pips
TP: 30-80 pipsR/R: 2-3:1
Risk: 4%/position
Minimal investment timeframe: 30 days. Minimal investment sum: 10 USD.
Every open position should account for 4% use of the deposit, assuming that 4% equals 100 pips!!! That means the loss of 100 pips is equal to losing 4% of the deposit and by analogy, every 100 pips is a profit of 4% for you.
Weekly PAMM account account review to be posted on public blog as well (http://elliottfxtrader.blogspot.com)
If You are interested please follow this steps:
1. You need to open a live trading account on InstaForex, please use this link ( this is my affilate program with InstaForex):
http://instaforex.com/en/index.php?x=HAHS
2. Click on Open Live Trading Account using this settings:
-account type: STANDARD
- server: EUROPE
-leverage: 1:200
-base currency: $USD
- affilate code : HAHS
PLEASE DO NOT CHANGE ANYTHING AND DO NOT CLICK ON 5DIGIT QUOTES OPTION.
3. Follow the instructions on screen.
4. When You finished with opening live account, please log in to Traders Cabinet and clik on PAMM System on menu on left side.
5. Please remember that when You open the PAMM account You need to choose PAMM INVESTOR option!
6. Fund Your account ( You can start to verify Your account as well).
7. Send me an email please for confirmation purpose.
8. PLEASE REMEMBER THAT ONLY YOU CAN WITHDRAW MONEY FROM PAMM ACCOUNT. MY COMMISION IS BEING CALCULATED AUTOMATICALLY BY INSTAFOREX BROKER.
MY PAMM ACCOUNT DETAILS:
-project name: PA-VSA-trader
-account number: 5214950
-managing trader: Ariel Silakowski
I started in 11.06.2013r.
LINK LIVE SCORE: (http://www.instaforex.com/pl/pamm_monitoring.php?trader=5214950)
Best regards,
Ariel
I have just opened PAMM account on InstaForex broker.
(http://www.instaforex.com/pl/pamm_monitoring.php?trader=5214950)
my own capital: 100 usd.
strategy:
working system: Day Trading (5 days in week)
pairs: EUR/USD; GBP/USD, EUR/JPY, AUD/USD, DAX.
SL: 15-30 pips
TP: 30-80 pipsR/R: 2-3:1
Risk: 4%/position
Minimal investment timeframe: 30 days. Minimal investment sum: 10 USD.
Every open position should account for 4% use of the deposit, assuming that 4% equals 100 pips!!! That means the loss of 100 pips is equal to losing 4% of the deposit and by analogy, every 100 pips is a profit of 4% for you.
Weekly PAMM account account review to be posted on public blog as well (http://elliottfxtrader.blogspot.com)
If You are interested please follow this steps:
1. You need to open a live trading account on InstaForex, please use this link ( this is my affilate program with InstaForex):
http://instaforex.com/en/index.php?x=HAHS
2. Click on Open Live Trading Account using this settings:
-account type: STANDARD
- server: EUROPE
-leverage: 1:200
-base currency: $USD
- affilate code : HAHS
PLEASE DO NOT CHANGE ANYTHING AND DO NOT CLICK ON 5DIGIT QUOTES OPTION.
3. Follow the instructions on screen.
4. When You finished with opening live account, please log in to Traders Cabinet and clik on PAMM System on menu on left side.
5. Please remember that when You open the PAMM account You need to choose PAMM INVESTOR option!
6. Fund Your account ( You can start to verify Your account as well).
7. Send me an email please for confirmation purpose.
8. PLEASE REMEMBER THAT ONLY YOU CAN WITHDRAW MONEY FROM PAMM ACCOUNT. MY COMMISION IS BEING CALCULATED AUTOMATICALLY BY INSTAFOREX BROKER.
MY PAMM ACCOUNT DETAILS:
-project name: PA-VSA-trader
-account number: 5214950
-managing trader: Ariel Silakowski
I started in 11.06.2013r.
LINK LIVE SCORE: (http://www.instaforex.com/pl/pamm_monitoring.php?trader=5214950)
Best regards,
Ariel
EUR/NDZ H4 Update
Looks like the murry math level taken out but the price is not in a mood for bounce so quick.
check the cci ewo and stoch indicator this three still showing possibility of going down soon.
check the cci ewo and stoch indicator this three still showing possibility of going down soon.
الخميس، 6 يونيو 2013
EUR/NDZ H4 Update
Yesterdays h4 eur/nzd update not work as i planed. Today we need to adjust a little bit. But today we can see a good tread position available. Based on murry math pivot at 1.66016 and price nicely going down form 1.6571. also looks at the EWO and CCI indicator both showing divergence and Stoch also suggest that price can go down any moment. i will post a 30m chart later today when everything will be clear and we can place a short.
الأربعاء، 5 يونيو 2013
Nikkei225 Futures Daily Update
Previous wave four levels hold perfectly so it means the count is right on track.
One more wave to the upside is still missing.
Key Levels for Bulls and Bears on chart.
Seb
If You want to receive more charts like this - with EW count, arrows, entry, TP,SL and explanation - JOIN THE VIP SERVICE NOW!
One more wave to the upside is still missing.
Key Levels for Bulls and Bears on chart.
Seb
If You want to receive more charts like this - with EW count, arrows, entry, TP,SL and explanation - JOIN THE VIP SERVICE NOW!
DJIA Futures Daily & Weekly Update
There are two scenarios present on Weekly charts: BULLISH and BEARSIH.
On both level of 14258 is the Key Level.
Currently some sort of corrective pullback is expected: for bulls this would be wave 4 in blue circle, for bears wave 1 to the downside. One of this scenarios is wrong and time and wave progression will tell which one it is:
On Daily chart is preffered main BEARISH count. Currently price is on Monthly Pivot point of 15088.33 pink dashed line. Any break to the downside will expose previous wave four area @ 14998.
On both level of 14258 is the Key Level.
Currently some sort of corrective pullback is expected: for bulls this would be wave 4 in blue circle, for bears wave 1 to the downside. One of this scenarios is wrong and time and wave progression will tell which one it is:
On Daily chart is preffered main BEARISH count. Currently price is on Monthly Pivot point of 15088.33 pink dashed line. Any break to the downside will expose previous wave four area @ 14998.
EUR/NZD 30M update
I am posting this 30m update now and will update if there is any progress or based on request.
In 4 hour chart we are clearly in up trend and now in blue wave 4. In 30M chart we will closely observe the chart so that we can tread based on that. So far i think wave a and b complete of wave 4 and price moving lower to wave c.
In 4 hour chart we are clearly in up trend and now in blue wave 4. In 30M chart we will closely observe the chart so that we can tread based on that. So far i think wave a and b complete of wave 4 and price moving lower to wave c.
EUR/NZD H4 Update
My first update on elliottfxtrader.blogspot.com hope you all will appreciate.
I am counting this chart form the month of April and now we are in June. so far the trend is clearly up
and my Elliott wave count suggest that now we are in wave 4 of blue wave.
السبت، 1 يونيو 2013
Weekly Video Analysys
This analysys consisist of EUR/USD, DXY Dollar Index, EUR Euro Index and SP500 Futures analysys.
For English spekaers:
http://www.youtube.com/watch?v=aoOYfIgAwgs
Po Polsku:
http://www.youtube.com/watch?v=EvEiQUC-8do
Seb
If You want to receive more charts like this - with EW count, arrows, entry, TP,SL and explanation - JOIN THE VIP SERVICE NOW!
For English spekaers:
http://www.youtube.com/watch?v=aoOYfIgAwgs
Po Polsku:
http://www.youtube.com/watch?v=EvEiQUC-8do
Seb
If You want to receive more charts like this - with EW count, arrows, entry, TP,SL and explanation - JOIN THE VIP SERVICE NOW!
Sigma_Square Trading Results 24-31 May 2013
Hello Traders!
Sooner or later it must happen and this is it: RED WEEK and -6% on PAMM account.
Biggest losess were made on three leveraged trades on EURUSD, GBPUSD and USDCHF at the same time.
The plan on next week is not to leverage too much and get the investors money back as soon as possible.
Results:
Week from 27.05-31.05.2013 -223inScalp, -$50onGold,-26pipsonSwing
Grand Total since 20.12.2012
+5334pips!
+207 DAX Points
+22 SP500 points
+$49 Gold
+115 NatGas
+110 Nikkei
+5 Corn
+1 Soybeans
+2914 GOOGLE
+371 APPLE
Wish You all green pips next week!
Regards,
Sebastian Seliga
Sooner or later it must happen and this is it: RED WEEK and -6% on PAMM account.
Biggest losess were made on three leveraged trades on EURUSD, GBPUSD and USDCHF at the same time.
The plan on next week is not to leverage too much and get the investors money back as soon as possible.
Results:
Week from 27.05-31.05.2013 -223inScalp, -$50onGold,-26pipsonSwing
Grand Total since 20.12.2012
+5334pips!
+207 DAX Points
+22 SP500 points
+$49 Gold
+115 NatGas
+110 Nikkei
+5 Corn
+1 Soybeans
+2914 GOOGLE
+371 APPLE
Wish You all green pips next week!
Regards,
Sebastian Seliga
الجمعة، 31 مايو 2013
Crude Oil H1 VSA CFD Futures Update
So far it would be according to wave progression to see one more wave to the upside into one of the mentioned distribution areas to complete wave c and then further downside movement is needed.
Only new high would invalidate the view.
Seb
If You want to receive more charts like this - with EW count, arrows, entry, TP,SL and explanation - JOIN THE VIP SERVICE NOW!
Only new high would invalidate the view.
Seb
If You want to receive more charts like this - with EW count, arrows, entry, TP,SL and explanation - JOIN THE VIP SERVICE NOW!
Gold XAUUSD H1 VSA Update
Quite possible wave (4) top is in and $1400 is first resistance before wave (5) resumes.
A sustained break above TL will invalidate the outlook.
Seb
If You want to receive more charts like this - with EW count, arrows, entry, TP,SL and explanation - JOIN THE VIP SERVICE NOW!
A sustained break above TL will invalidate the outlook.
Seb
If You want to receive more charts like this - with EW count, arrows, entry, TP,SL and explanation - JOIN THE VIP SERVICE NOW!
EUR/USD CFD Futures M15 Update
Thie first wave after wave 2 top is not impulsive so this might be not the end of further upside movement.
Look at previous wave 4 area - if broken, then we might see lower prices.
The 1.2950 - 1.2945 is the key level for bulls.
Seb
Look at previous wave 4 area - if broken, then we might see lower prices.
The 1.2950 - 1.2945 is the key level for bulls.
Seb
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