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GBPCHF----looking for Channelsupport...RSI TL support...not yet over bought once....moving upward...

Friends, Yesterday, we posted a preliminary bearish statement, calling the trader's attention to a possible downtrend. I made it clear that the bearish statement was lacking an early bearish market reversal, and to this day, that signal has not been emitted. Yet - Here is the prior analysis and the option for you to replay the price action: https://www.tradingview.com/v/YWEMtdaE/. ANALYSIS HOLDS AT RANGE: In that analysis, we defined a few structural points, namely the 1.07488-1.07353 resistance range, as well as a cautiously early target as "TG-1 = 1.05260 - 06 MAR 14", drawn against the plotted points of a Bullish Bat. The "Bat vs. my predictive analysis" point here was to emphasize how price is not always the best indicator to define a trend, since the proprietary system applied herein is price-independent. PREDICTIVE ANALYSIS CAN TRUMP PRICE: In fact, we just proved yesterday and today a similar point, when our targets for the EURUSD were defined above the multi-year resistance trendline, and yet both target got hit consecutively, one candle at a time. See where the THIRD target rests here: https://www.tradingview.com/v/M9a5MWar/. While we await an early bearish reversal signal followed by a bearish market reversal confirmation, I thought it might be worth a Friday's while to look at a next level of complexity regarding eh Wolfe Waves Patterns. WOLFE WAVES PATTERN: As you may recall from prior explanation, the Wolfe Waves pattern ("WW") represents a rather advanced, complex market geometry, in which trend, counter-trend and trendline all work together to exact an area of reversal and a target. Now, add to that mix "trendline transposition", and you'd become atuned to the next level of WW complexity. Here, I am referring to the use of the 2-4 Line, which if cut and paste, and placed at the tip end of Point-3, projects parallel to its original 2-4 Line, but away from the 1-3-5 Line. DEFINING 3-5' & 3-5'' LINES: In fact, the transposed 2-4 Line now becomes the 3-5-prime (written as 3-5' Line), and "physically acts as a discreet but efficient overhead resistance IN CASE price was to BACA (i.e.: Break Above, Close Above") point-5. The example in the chart is LIVE and supportive of this technical reality, as 5' has dutifully acted as the point of reversal, as it should - There is also a 5-second, or 5" point, which is none other than that same 1-4 Line transposed and originating not from Point-3, but from Point-1, effectively becoming the 1-5'' Line. 3-5' ADVANTAGES: While it seems that these various lines allow the trader to chase after price, remember that these lines are very reliable as a FIRST advantage. In fact, I find 5' more reliable than Point-5, as price often tends t favor that loftier level of reversal. As a SECOND advantage, Point-5, 5' and 5'' allow the trader to set stop-losses quite tightly, thus affording larger rewards to risk ratios. OVERALL: (additional text below chart) ----------------------------------------------------- Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster

For the record, short triggered @ 0.91223 Background pattern: - Great White Reversal Pattern: - Modified Wolfe/3-Drives Internal Pattern: - Bearish Shark Target: 1 - TG-1 = 0.86946 - 07 MAR 14 2 - TG-Lo = 0.85845 - 07 MAR 14 NOTE: Watch for 5-0 completion and adverse excursion > entry point. Directional Bias: - SHORT System Direction: Neutral (pending market reversal confirmation) David - 05 MAR 2014 (after market close)

Friends, A quick note here to mention that our second target "TG-Hi = 1.38997 - 15 FEB 14" got hit as of this market closing day, and this following yesterday's first target "TG-1 = 1.38632 - 15 FEB 14" hit at prior candle. While our system indicates growing internal weakening, nothing yet has come out to indicate imminent reversal. Hence, the directional bias remains intact, and the loftiest target, defined at TG-Hi = 1.39508 - 05 MAR 14 remains a possibility. Cheers, David Alcindor TradingView.com Moderator, Alias: 4xForecaster Predictive Analysis & Market Forecasting PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor. ----------------------------------------------------- Get signals, analyses and forecasts on Twitter Alias: @4xForecaster ----------------------------------------------------- Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster

WARNING: Unless you've been scalping this upward channel, which at the maximum could've yielded between 500-700 pips; this is a risky play considering the number of times that this trend line has been tested. I personally scalped about 300 pips out of this channel so far, so I can afford the risk. Wait for price to hit the trend line in the 1.669X region for a possible long entry. Consider exiting if price closes below the trend line. Target 1: 1.682X region (February high) Target 2: 1.7000 (highly doubt we'll get there on this attempt, it'll probably come back down for another long opportunity before going back up. Contingency plan: Even if the trend line doesn't hold, the entire 1.66-1.67 is a solid buy zone for position traders. However, I'd wait for the lower end to try going long again. Possible support levels below: 1.664X 1.661X 1.66 (BIG LEVEL) 1.658X

Nice rejection of a resistance zone. Price could head lower from here.

Also note how the RSI and Stoch haven't been able to enter into their extreme bearish zone.

The banking stocks have been on fire lately and even though the KRE trades almost 3 Million Shares in a day, I think it is headed higher. Today we saw a trader buy 10,000 plus KRE April 44 Calls for $.31 which was a $300,000 investment. The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the regional banking segment of the U.S. banking industry. KRE has a date with $44 so I am long the KRE April 44 Calls for $.31

The Bank of New York Mellon Corporation provides various financial products and services worldwide and the stock has been under performing the stock market, but I think it is time to rip to the upside. Today we saw a trader buy almost 10,000 BK Sep 35 Calls for $1.08 which was over 6.0 times the normal volume in a day and control over 1 Million Shares of Stock. We continue to see bullish activity in the KRE, so I bought these Calls for $1.09 as this trader is making over a $1 bet in this stock.

I am bullish on KNDI but would like to take the opportunity to add shares in the next correction coming up. Both RSI and MACD show overbought parameters and the stock could correct up to the red line support. I don't advice to short this stock as It could move upward due to news, but we should try to take advantage of the possible correction.

I will SHORT EURUSD to 1.3682 level : first target : 1.3770, second target 1.3682 Stop loss: 1.3960 or 1.40 NFP report: 175k : first time it is positive after two negative reports. I will have more detailed analysis about US Economy tomorrow.

The double bottom really materialized (as mentioned in my previous post, before the big move up), and now it seems we're headed up. Also, look how just after last bottom the 200 EMA crossed with 190 SMA briefly, which was a perfect buy signal - after that point the price only went up.

What is the ultimate target IF this Break out is real? Bother minor and major AB=CD point to the same level around 1,44. A weekly close March 7, above the 38,2 fib of large down wave will likely accelerate upward move.

Gold has shown tremendous strength so far in 2014. After breaking two significant resistance lines going back as far as 2012, gold has run up over 13% since the final days of 2013. And with the global monetary system printing over 10 Trillion since 2006, the long term price of gold is certain to continue rising long term. However, for the short term ahead there is a good possibility of diminishing strength in golds run up since January. Solid support exists 11% to the downside, but the next significant resistance exists less than 4% above from 1412 to 1430. Traders don't see an attractive risk to reward ratio and are currently entering short positions on gold. After a minor move downward watch for renewed strength in the gold price with short covering as the larger bull trend continues in the price of gold.

The Euro had a nice rally after breaking 1.38 again. I expect for it to be pushed a little higher, slightly above 1.3900 before a correction back 1.3820. The NFP is coming and everything is possible...take it as an opinion :)