A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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Tracking EURAUD: Different stages of pull back & rally
Read MoreSeries of charts from members area showing Elliott wave analysis and different stages of pull back and rally in EURAUD pair. January 18/2014 (Weekend update) January 20/2014 (Mid-day update) January 21/2014 (Mid-day update) January 22/2014 (Asia update) January 22/2014 (London update) January 23/2014 (Asia update) January 23/2014 (New […]
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$IBEX wave ( B ) still in progress
Read MoreIndex is breaking below the channel support but more importantly 1.3.2014 (9723) pivot has given up in our system due to which we believe Index has completed a cycle from 12.6.2013 (9235). This leaves us looking for a pull back in wave ( B ) which can reach as low as 9738 – 9891 which […]
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Bias in Trading
Read MoreBias is a word many traders use in the daily trading. Bias has a very wide definition but the most important one related to trading is (mental tendency or inclination, especially an irrational preference or prejudice) . If we analyse our trading results, we can draw a line or conclusion and see a tendency. We, […]
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$GC_F (Gold) 1 Hour Elliott Wave Analysis Jan.14.2014
Read MoreCycles from 1363 & 1434 highs have ended and yellow metal is trading higher. Initial move up from 1182 – 1248.50 was in 3 waves which we have labelled as red wave A. This was followed by a running FLAT correction in wave B which completed at 1218. Pair is currently trading higher in wave […]