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 […]

  • Do you need to worry about Netflix 5 waves move ?

    Do you need to worry about Netflix 5 waves move ?


    Netflix (NFLX) is an American multinational entertainment company that specializes in streaming media , film and television production , as well as online distribution and DVD by mail. Last week , the company posted its biggest-ever quarterly subscriber growth with 7.05 million new subscribers beating its own expectations of 5.2 million . As we can see in the chart below that Netflix international […]

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  • DAX Intra-day Analysis: Wave 3 in progress

    DAX Intra-day Analysis: Wave 3 in progress


    DAX extend the rally today and broke to a new high above blue (3). Index has reached 2.618 – 3.236 extension area where black wave ((iii)) can complete and we can see a pull back in black wave ((iv)) followed by more upside towards 11866 – 11951 area to complete red wave 3. We can […]

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  • GBPAUD Jan 24 Live Trading Room Setup

    GBPAUD Jan 24 Live Trading Room Setup


    In Jan 24 Live Trading Room, we presented an idea to buy GBPAUD pullback at 1.6405 as the pair looks to have bullish 5 swing sequence from Jan 15 low and favor more upside. We bought wave ((b)) pullback at 1.6405 and the trade reached the target our target of 1.668 one day later for 275 pips. Below […]

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  • AUDUSD Elliottwave Analysis: Close to turning

    AUDUSD Elliottwave Analysis: Close to turning


    AUDUSD move up from 12/23 low is extending and as pair keeps extending higher with shallow pull backs, it looks like the move up from 12/23 low is unfolding as an Elliott wave impulse and although the cycle is mature, more upside within wave 5 is expected as a diagonal before pair ends the cycle […]

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  • AUDUSD Elliottwave: Ending Wave 5 Diagonal

    AUDUSD Elliottwave: Ending Wave 5 Diagonal


    AUDUSD move up from 12/23 low is extending and as pair keeps extending higher with shallow pull backs, it looks like the move up from 12/23 low is unfolding as an Elliott wave impulse and although the cycle is mature, more upside within wave 5 is expected as a diagonal before pair ends the cycle […]

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  • AUDUSD Turn is Imminent

    AUDUSD Turn is Imminent


    AUDUSD rally from 12/23/2016 low is unfolding in 5 waves and the cycle from Dec 23 low is expected to complete soon and a 3 waves pullback at minimum can be seen. Watch the video, chart and commentary below: AUDUSD Video   AUDUSD Chart and Commentary AUDUSD rally from 12/23/2016 low (0.716) is unfolding in […]

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