gold

we have a nice three wave structure to the upside contained inside a parallel trend channel. the c wave up has not formed 5 waves yet. I expect this week should sort that out. watch the 1137 area, it is the 61.8% retracement of the a wave decline. this will give us...

eurusd the week ahead

we seem to have a developing 5 wave structure to the downside. we will be watching closely this week and look to sell a counter trend rally. this would give us a nice tight stop and a potential for a large downside. a little more downside before the retracement may...

eurusd update

the action today was in the right direction but not very decisive! a break of the high of wave (i) up would more or less confirm the count, although the best confirmation would be a break of the wave (1) high. If we get there, we could breath a sigh of relief. each...

eurusd

positive moves today in our euro position. the trade is inching in the right direction, this is not to say that I have been proved correct in my thesis, but I will take all positives that come my way. our position is now protected and if all else fails then we are out...

gold updated count

the continued advance of the last few days still looks corrective. I see no reason to change the outlook for one last decline possibly below 1000, the 970 area would be a possible target depending on where the turn occurs. that would allow equality between the a and c...

eurusd potential trade opportunity

alright! I have a position open on eurusd on the premise that we have a developing 1,2 1,2 situation unflding. if this ins infact true we should get a very large move to the upside, and soon. the count shown anticipates a 3rd wave coming in possibly tomorrow. the form...