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 […]

  • $INTL INTL Fcstone Inc Daily Elliott Wave Analysis

    $INTL INTL Fcstone Inc Daily Elliott Wave Analysis


    This is a daily Elliott Wave analysis of the aforementioned company. Firstly I will mention some of the company’s past history and merger. INTL Fcstone Inc is a Fortune 500 financial services industry firm listed on the Nasdaq exchange. The company has offices worldwide and is headquartered in New York City, NY in the United […]

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  • Oil CL_F: Buying Opportunity should come soon

    Oil CL_F: Buying Opportunity should come soon


    Rally to 55.24 completed Intermediate wave (W) and ended the cycle from 8/3/2016 low. From 55.24 high, oil turned lower to correct the cycle from 8/3 low as a double three structure where Minor wave W ended at 50.71 and Minor wave X ended at 54.08. Decline from 54.08 high is showing a 5 swing […]

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  • $CL (Oil) New buying opportunities soon.

    $CL (Oil) New buying opportunities soon.


    Oil (CL_F) is showing a bullish sequence in the daily time frame from 2/12/2016 low, favoring further upside. We like to buy the pullbacks in two areas. Watch the video, chart and commentary below: Oil Video   Oil Chart and Commentary While Oil stays below 54.1, but more importantly as far as pivot at 55.24 stays intact, it is […]

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  • AUDUSD 5 wave cycle completed: Now turning lower

    AUDUSD 5 wave cycle completed: Now turning lower


    AUDUSD 5 wave cycle from 12/23 low is proposed to be over at 0.7608 and pair is now turning lower. Yesterday, we mentioned that a break below 0.7511 would negate another high to complete wave (A) and suggest that 5 wave cycle from 12/23 low ended already at 0.7608. Today, pair failed to make a new […]

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  • AUDUSD: 5 Wave move nearing completion

    AUDUSD: 5 Wave move nearing completion


    AUDUSD 5 wave move up from 12/13 low can already be counted completed at 0.7609. However, while above 0.7511 low, another high to 0.7631 – 0.7699 area can’t be ruled out within this 5 wave move up from 12/23 low. As per the updated wave count, wave 3 is at 0.7609 and dip to 0.7511 was […]

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  • Elliott Wave forecast & market correlation example

    Elliott Wave forecast & market correlation example


    Market Correlation Market correlation is one of the powerful techniques we use to forecast the market. Many traders, especially beginners, make mistake by trading and forecasting only one or a few instruments.  E.g. the most popular are EURUSD, USDX, SPX, DAX, Gold.  Although EURUSD is the most popular forex pair ever, it doesn’t always have […]

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