11USDCAD-DAILY20161117125239

Many traders overlook the process of selecting the right instruments to trade. Trading is a process which requires a lot of discipline and a good technique to be consistently profitable. Selection is one of the aspects which can define the life of a trader because without the right selection process, most traders are going to […]

  • Wheat Futures (ZW #F) forecasting the rally

    Wheat Futures (ZW #F) forecasting the rally


    The chart below is ZW #F h4 update from 2.6.2017. Price structure is showing incomplete bullish sequences in the cycle from the 01/12 ( red 2) low.  As of right now we can count 5 swings from the mentioned level. Fifth swing ended at 437’4 high and 6th swing is about to complete. It’s Marked […]

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  • GBPJPY Shows 5 wave impulse up from  2/17 Lows

    GBPJPY Shows 5 wave impulse up from 2/17 Lows


    In the near term the GBPJPY pair shows 5 waves up from the 2/17 lows. The dip to 139.61 corrected the cycle up from the 2/7 lows. We favor seeing the pair ending this initial bounce from there in the 142.05 area per the 1 hour chart from the Mid Day NY update that is shown […]

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  • Reading and Labelling Elliott Wave Chart Seminar

    Reading and Labelling Elliott Wave Chart Seminar


    The following text below is taken from the slides of the Reading and Labelling Elliott Wave chart Seminar recording. Steps to read Elliott wave chart: Look at Elliott wave chart from the higher time frame to the lower time frame (weekly -> daily -> 4 hour -> 1 hour). Get a feeling about the current cycle […]

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  • DJIA Elliott Wave View: Wave ((iii)) in progress

    DJIA Elliott Wave View: Wave ((iii)) in progress


    Short term Elliott wave view in DJIA (Dow Jones Industrial Average) suggests that the rally from 1/19 low is unfolding as a 5 waves Elliott wave impulse structure where Minute wave ((i)) ended at 20125.28, Minute wave ((ii)) ended at 19784.7, and Minute wave ((iii)) remains in progress. Internal of wave ((iii)) is showing an extension and […]

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  • USDPLN Intraday Elliott wave view

    USDPLN Intraday Elliott wave view


    Short term Elliott wave view of USDPLN (Poland Zloty) suggests that the pair is on the verge of breaking above the 2.15.2017 high at 4.0883. Rally from 2.2.2017 low (3.9722) is unfolding as a double correction Elliott Wave structure where wave W ended at 4.0883 and wave X is proposed complete at 4.0352. Internal of wave W […]

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  • DJIA Elliott Wave View: Marching higher

    DJIA Elliott Wave View: Marching higher


    Short term Elliott wave view in DJIA (Dow Jones Industrial Average) suggests that the rally from 1/19 low is unfolding as a 5 waves Elliott wave impulse structure where Minute wave ((i)) ended at 20125.28, Minute wave ((ii)) ended at 19784.7, and Minute wave ((iii)) remains in progress. Internal of wave ((iii)) shows an extension and […]

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