Last year, our live trading room provides 69% return annually across the 3 groups that we cover. In Live Trading Room, we scan the market everyday to find any tradable setup. We believe every serious traders need to have a good trading system with specific rules. A complete system must include the following: 1. Conditions […]
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$EURAUD Elliott Waves Forecasting the decline
Read MoreIn this technical blog we’re going to take a quick look at $EURAUD price structure we had on 2.19.2016 to explain Ellott Wave Forecast we had back then. 1 Hour chart below presents New York Update from Februar 19. 2016 date. It suggests the cycle from the 02.09. date ( 1.6150 high) ended at 1.5538 […]
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US Dollar Outlook into FOMC Meeting on March 16
Read MoreWhen the Fed raised the rate last year, the minutes suggest that they were relatively hawkish and expected 4 more rate hikes in 2016, as December Fed’s dot plot shows. Subsequent events after the December meeting however have seen oil, commodities, and indices selling off sharply, giving pressure to the headline inflation rate. Central banks around the […]
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Is Gold’s luster finally coming back?
Read MoreAfter being shunned by investors for more than 5 years, gold has made an impressive start in 2016. As of Feb 29, gold registered 16.7% return, which is considerably above other asset classes. Below is the performance comparison between different asset classes as of Feb 29, 2016. There are several factors which contribute to the […]
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Daily Set up video 1.12.2016
Read More3.3.2016 We at Elliott Wave Forecast like to present the trading ideas in a form of videos. We believe in trading extremes and always with the trend. Here is an example of old Daily Trading Setup video to show how we present the ideas to members. Our belief is to identify an area that is […]
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Gold: Will the rally extend or fail?
Read MoreGold (XAU) formed a peak against most major world currencies in 2011. This included XAUAUD, XAUUSD, XAUGBP and XAUCAD while XAUEUR peaked a little later in 2012. This was an important peak and resulted in a few years of downward price action in Gold against all major World currencies. Since December 2015, Gold has been rallying […]
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$IBEX: A look at the decline in December-January
Read MoreThe chart below from 2 December 2015 shows the move up from 24 September 2015 low. It shows price reached and slightly exceeded the 50 % Fibonacci retracement (10588.89) level of the previous ruling cycle before getting rejected and turning lower. Initial decline was in 3 waves but broke the rising trend line (not shown on the […]