4xForecaster

$GBP v $JPY: Third Lesson, Same Ideas | #BOE #BOJ #sterling #yen

FX:GBPJPY   British Pound/Japanese Yen
Friends,

As we are hitting concepts of Wolfe Wave and Geo             hard tonight, here is another opportunity to witness a probable geometric             cycle completion of the WW/Geo:


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We already covered significant ideas and topics through $USDTRY and $NZDJPY charts, so here there are for your review, with a step-by-step review of how I construct the Geo             ... These charts are live and still going on as I write this (click on chart for lessons/review of concepts):

1 - $USDTRY:
$USD v. $TRY - Another Step-By-Step | #turkish #lira #forex


and

2 - $NZDJPY:
$NZD v. $JPY - This WW Might Rest At #fibonacci Before Rallying



I hope you will start finding the Wolfe Wave and the Geo             easier breeds of market geometries to trade. I will continue to offer information and relevant details as this and other referenced charts develop.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
25 SEP 2015 - Chart Update:

Nice, clean retraction of price off of TL; Long position remains intact. We will continue to follow this trade with M15/H1 calibration when necessary. Goal here is purely based on the Geo, which is to reach the 1-3 Line. The Predictive/Forecasting Model might also help provide a more precise target as well, but again, the 1-3 Line is really what matters at this early development (Point-4 completion, looking to close the 5-plot cycle) of the Geo.


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David Alcindor
+2 Reply
ananora23 PRO 4xForecaster
David....Would loooove to get an update on this pair using your analysis please. Much appreciated!
Reply
25 SEP 2015 - Target ("TG-Lo") Hit / Tech-Note:


Target "TG-LO" which I just posted with the parameters for invalidation (the 2 pink arrows in the chart just posted a few minutes ago, now the single GREY arrow in the following chart) just got hit.

I have also outlined the TL of the Wolfe Wave, which would set any SL at a lower level. If the Geo's TL is breached, I would lose my long position towards Point-5 (i.e.: along the 1-3 Line), but I would not re-enter immediately. Instead, I would recommend letting the Elliott Wave play itself out at one lesser degree.

The Predictive/Forecasting Model produced this TG-Lo, but TG-Lox would be a lower target of lesser probability, whereas the WL would demand of me to shift to a higher timeframe - These are the contingent conditions I am left to work with as I took this long position.


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David Alcindor
+3 Reply
25 SEP 2015 - Chart Update / Trade Note / Tech-Note:

Bonjour!

My entry at the following trigger (TG-Lo):

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SL at TL. Since this is a slope, the SL is a dynamic point that will keep on rising as chart moves to the right.
Target is the 1-3 Line.

Not a trade recommendation; Just sharing how I view and trade things.


David
+3 Reply
iefan PRO 4xForecaster
trés bien, merci, et vous ?.. I'm afraid my French lessons in school taught me just about enough to say hello and look at the dog! Anyway I digress....question time as usual! What significance does 188.267 hold David....if price BACA 188.267 does that imply a higher probability of price reaching the 1 - 3 Line or how do you use this landmark in the chart in your trading. Thank you as always. Kind regards Iefan
Reply
20 SEP 2015 - H1 Chart Update:


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David Alcindor
+4 Reply
4xForecaster PRO 4xForecaster
ADDENDUM - Tech-Note:

Also beware of this potential 5- excursion:


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David
+4 Reply
4xForecaster PRO 4xForecaster
ADDENDUM - H4 Chart Update:


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David Alcindor
+3 Reply
14 SEP 2015 - Chart Update:


Reaching a "transmural" level - Expect temporizing correction at this particular level.:


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David Alcindor
+3 Reply
buckleforex 4xForecaster
Hi David, what exactly do you mean by "transmural level"? Thanks. I'm not following what direction you anticipate a correction going...
+3 Reply
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