FX:AUDNZD   Australian Dollar/New Zealand Dollar
1135 16 7
$AUDNZD: Entry, SL, Target as per posted parameters.

- Check link:
Fundamental, Technical, Predictive Analyses Review | $AUD $NZD
for recent analysis.

- On record: Trade #xxxx1236 in MT4/FXCM accnt.

- Not published on Twitter or any other social media)

David Alcindor
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
iefan PRO
2 years ago
Hi David,

Thank you very much for the chart, will follow this forecast with great interest.

Best

iefan
+1 Reply
26 NOV 2014 - TECH-NOTE:

(posted from a discussion in the original $AUDNZD chart/discussion thread: )

=====================
Other aspect of it is that, as I was struggling to "fit" a WW, I noted that price had retraced down to a 5-second position. This position is similar to the transposition of the 2-4 Line off of the Point-3, except that in this extreme and RARE case, the transposition of the 2-4 Line is done off of the Point-1, thus defining a rare geometric point event in the Point 5-second, as opposed to the Point 5-prime.

I will cut/paste this explanation into the thread of the chart just posted, so that other trader might benefit from learning more about this WW pattern.

Thank you for contacting me earlier and having me review this pattern at this timeframe, as it prompted this low-risk, high-potential trade.

Cheers,


David Alcindor
====================
+1 Reply
26 NOV 2014 - Tech-Note:


for those interested in the rational for entry, here are a couple of pointers:

1 - FIBONACCI Number 1.414 Is For Aggressive Counter-Trade Ops:
snapshot



2 - Convergence of 1.414-Fib And Bearish Channel Bottom At Third Contact Point (#3 in pink):
snapshot



3 - Exit Target At Larger 1.414-Fib Level ... Can You Guess This One?
(feel free to post your chart in here - It does not have to match completely well with my numbers, since the numbers I have posted for exit are based on predictive/forecasting model, which seeks slightly different targets)


David Alcindor
+1 Reply
4xForecaster PRO 4xForecaster
2 years ago
Since we are on the Wolfe Waves Pattern subject ...

... Following are examples of Wolfe Waves in on-going trades:

$AUDUSD - DAILY Chart:
snapshot



$NZDUSD - H4 Chart:
snapshot



$EURUSD - Daily Chart:
snapshot



$GBPUSD - DAILY Chart:
snapshot



$XAUUSD - DAILY Chart:
snapshot



$XAGUSD - WEEKLY Chart:
snapshot



All of these charts can be followed under my profile, if interested.

Thank you.


David Alcindor
+1 Reply
4xForecaster PRO 4xForecaster
2 years ago
In this $USDJPY example of a Wolfe Waves, you will see in the corresponding analysis that this pattern is not always easy to decipher at its beginning. Had i traded this pattern aggressively right at the Point-5, or the Point-5-prime position, I would be chasing it out to certain losses. For this reason, it is best that the trader becomes familiar with the completion of the pattern, and adjust an entry, stop-loss and target parameters based on his/her risk tolerance level.

In this particular example, a Point-5-second is seeking residence at a much loftier level than the predictive/forecasting model had even define in its extreme target definition level - See following chart:


$USDJPY - DAILY Chart:
snapshot



David Alcindor
+1 Reply
27 NOV 2014 - Trade Update:

SL @ BE

David Alcindor
Reply
IvanLabrie TOP 4xForecaster
2 years ago
Beautiful ;)
A rare gem, with SL and TP...thanks David.
+2 Reply
4xForecaster PRO IvanLabrie
2 years ago
YW - David
+1 Reply
27 NOV 2014 - Update:

From Twitter \ $NZDUSD Thread:
----------
$NZDUSD Bearish - Weakness in $NZD would certainly help our lofty $AUDNZD forecast:

snapshot


@tradingview $NZD $USD $forex
----------


snapshot



David Alcindor
+1 Reply
27 NOV 2014 - Update:

From Twitter:
----------
$AUDUSD completes geometry at Point-5; Favors Bulls; Target intact:

snapshot


via @tradingview | $AUD $USD $XAU $Gold #forex
----------


snapshot




David Alcindor
+1 Reply
30 NOV 2014 - Fundamental news:


* * * Bearish for $XAU / $Gold and positively correlated Forex pairs: $AUD, $CAD * * *


From Twitter:
----------
77% Swiss rejected plan to force CB to buylarge $gold quants at 20% reserve.

Bearish pressure on commodity #forex pairs:

$AUD and $CAD vs. $USD
----------


David Alcindor
+2 Reply
kmk.msp 4xForecaster
2 years ago
@David. Whats new about this AUDNZD and GBPCAD
+1 Reply
4xForecaster PRO kmk.msp
2 years ago
Hello @kmk.msp - $AUDNZD:

Waiting for 1.07398. Stop-lossed on (too) tight Entry parameters.

Outlook remains bullish ONCE 1.07398 gets hit. If price falls and continues below my SL, I'll move on.

FYI - SL can only be defined based on the percentage of trader's risk of loss/risk tolerance, which is a function of the trader's total asset and risk perception. I recommend a standard 1.414 extension from prior swing as my parameter, then define a position size based on the acceptable loss.


David Alcindor
+3 Reply
IvanLabrie TOP 4xForecaster
2 years ago
Great insights on SL placement and position size, thanks David.
Reply
02 DEC 2014 - Update:

Another downer for $NZD: Milk price fall for a third consecutive times. This is viewed as a $NZD bearish fundamental event, as it negatively impact the export revenue of the country:


$NZDUSD = Bearish
snapshot




$AUDNZD = Bullish
snapshot




David Alcindor

(Source: https://www.globaldairytrade.info/en/product-results/)
Reply
19 DEC 2014 - Quick Note:

Although price initially reacted well to Point-5 of the pattern, and remained above the tight SL, this one example proved the pattern invalid.

A tight SL made this a not-so-painful trade.


David Alcindor
+3 Reply
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