2 elliot waves, within a wave, waving...hmm... :)2 elliot waves, within a wave, within another wave, both pointing down ultimately, lets see if it works.. p.s. I just started learning EW, so bear with me...Shortby thanti_g3
USD/HKD - Bullish CypherYes we have a valid bullish cypher, this time we are looking at USD/HKD on a 4h chart with a simple buying opportunity. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 REMEMBER: Trade at your own risk, exotic currency pairs can be extremely volatile. Do you want more trading inspiration? Connect with me below :) Instagram: www.instagram.com Facebook: www.facebook.comLongby LewisGlasgowUpdated 6635
USDHKD H4 LONGInspiration from lewglasgow's idea and I agree. Add pitchfork and divergence.Longby Jayz221
Triple Bottom on USDHKDHello traders, I am always on the lookout for ranging markets. If we have triple bottoms formation then thats a good way to go long. The risk on buying that support is next to nothing. If that never happens then you could buy on the breakout of resistance straight away and set your target on the next resistance. Trade safe, trade wellLongby fromzerotospyroUpdated 2
USDHKDThis operation is shown only to those who possess an account denominated in US dollars. The currency is still pegged (7.75 per US dollar) in a very narrow band of fluctuation, the maximum may fluctuate 1.27%. But if the Hong Kong Government will reassess the HKD the gains could easily be 15% or more. The best way to invest in this scenario is buying a bond of the Hong Kong Monetary Authority, or an equity on the Hang Seng Index. So you can save the cost of "overnight". Shortby mgiuliani115
USDHKD: Time at mode signal predicts even this managed floatVery clear how the Time at mode downtrend signal here predicted the end of the decline in time... Now we have a long signal, and it's likely to return to the 7.79 handle. If you can trade this pair and margin requirements don't kill you, you can go long at market with stops under yesterday's low. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie. Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.Longby IvanLabrieUpdated 26
Long until 7.777 (very nice number)FIRST TARGET: GREEN LINE SL if it closes under the red line in the 15 m chart i dont know why people bother so much with TECHNICAL ANALYSIS after Benoit Mandelbrot. so many lines and indicators! how can u guys see the PRICE?Longby PITAGORAS1
USDHKD - 2H - Pennant PatternUsally not at all a pair im looking at but i just random clicked on it and we are currently approaching a good oppurtunity so whatever. this spike we saw last week was the biggest spike since 2012. those kind of spikes often happen in lowpriced lowtraded stocks. they spike up multiple 100% for 1 day or 2 and then fall down to where they came from. if you look at the history of this pair you can see this happing all too often. so selling the selloff can be a good play. in this case the blue consolidation wouldve been a much better entry but i think the current red one provides still a good risk reward of about 1.5 average if you wanna go with conservative stops. and potentially 10:1 or something like that on a lower timeframe for an agressive stop. I never traded this pair, so im just goin to do it for fun and see how it goes. Shortby SergeantPringles2
"Where do you draw the line?"Democracy is a great thing... You could put a sell limit order somewhere near the top! Just use a WIIIDE stop, and trade small.by still_waters2
Wolfe Wave v. Geo Potential At Predictive Model's 7.74892 $HKDFriends, A very quick synopsis on the $USD v. $HKD. There is a potential 5-point completion of a Wolfe Wave v. Geo completion as illustrated in the following chart: The Wolfe Wave exists irrespective of internal geometries that construct its outer geometric shell (See Mr. Bill Wolfe's www.WolfeWave.com site for an introduction to his pattern), whereas the Geo depends upon internal and external geometric requisites to justify its full completion (e.g.: Internal requirements, such as reciprocal symmetry of the 1-2 Leg, complex Elliott Wave ZZ in 2-3 Leg and simple Elliott Wave ZZ in 3-4 Leg, as well as external rules relying on extensions of 2-4 Line off of Points 1 (5') and Point-3 (5'') definition, and the omnipotent Off-Set Rule), all of which are in fact simple projection rules. In its simplest analysis, the Predictive/Forecasting Model is expecting a rallying from TG-Lo = 7.74892 - 24 AUG 2015 as the most immediate level of reversal. However, Fibonacci extensions in the order of 1.414 and 1.618 are worth heeding, especially as the 1.414 level is most often associated with aggressive level of reversal - In this chart, such level would maintain the overall WW vs. Geo contours intact, although further adverse excursion might validate the 5-prime (5') point and impose Geo's Off-Set Rule, as far as defining the highest probability target (here, the Rule would demand that price level of Point-4 be that target). OVERALL: WW vs. Geo is likely to complete. Point-5 validation would offer a long opp, whereas 1.414-FE should offer a probable long entry with BACA < 1.618-FE a prudent SL. Best, David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA ----- Twitter: @4xForecaster LinkedIn: David Alcindor ----- .Longby 4xForecaster4414
A China Proxy, Hong Kong Dollar Settling Vs US DollarMuch of China's financial interaction with the global economy is through Hong Kong. That said, the 'intervention panic' seems to be moderating on USDHKD.by JohnKicklighter3