Asian Open / European Preview 12.05.2011   10:45 PM EST Good Morning Fellow Traders Slow start to the week. SPX500 (Cash) and ES_F made new highs above Friday’s high today. We mentioned in our NY preview that our preferred wave count had SPX500 (cash) completing 5 waves up from Nov 25 low and we we were expecting prices to meet resistance anywhere between […]

Asian Open / European Preview 01.12.2011   11:51 PM EDT Good Morning Fellow Traders A very dull day in the markets with most markets consolidating in tight ranges after aggressive rallies yesterday. SPX500 spent the entire day consolidating between 1250 – 1240. We have been highlighting the importance of SPX500 reaction from current levels, stating that an impulsive decline […]

New York Open 11.29.2011 09.29 AM EST Good morning traders around the world.  Last night we mentioned that a new high above 1197.9 would complete 7 swings and hence a 3 wave corrective move from Nov 25 low. SPX500 futures spiked higher following a better than expect Italian Bond Auction and reached an intra-day high of 1207. […]

DATE (MM.DD.YYYY) CURRENCY POSITION LIMIT/STOP RESULT 11.12.2011 Eurusd  buy 13640  13920/13600 +59 pips  11.13.2011  Eurusd  Sell 13750  13540/13805 -19 pips  11.28.2011  Eurusd Sell 13356 13250/13400  -47 pips  12.2.2011  Eurcad  buy 13640  13700/13600  -40 pips  12.6.2011  Eurusd  buy 13340  13700/13357  +17 pips  12.8.2011  Gbpusd  Sell 15760  15630/15780  +130pips  12.12.2011  Eurusd  Buy 13250  13700/13210  -40 pips  12.20.2011 […]

Asian Open / European Preview 11.21.2011   10:51 PM EDT Good Morning Fellow Traders! USDX spiked higher at London Open after prolonged consolidation during the Asian Session. USDX structure from Nov 16 high (78.46) looks corrective to the downside where it is showing 3 waves down to 77.56 and then 3 waves up to a marginal new high […]

Asian Open / European Preview 11.14.2011   10:12 PM EDT Good Morning Fellow Traders! USDX found strong support just above previous swing low (76.51) and rallied strongly posting big gains across the board. FX, Commodities & Equities all ended the day lower against USDX. As we have been mentioning for a while that Oil  was running into strong resistance and nearin an important top. Oil […]