EverythingForex

EverythingForex

When you can read the chart and get a good idea of what the wave counts are, you really, really can get an edge! Take this pair for example. For awhile now, I've been anticipating a HUGE drop to come in this pair. It just took A LOT of PATIENCE though to wait for this to happen. And it may just be starting now! PATIENCE rewarded? Maybe. We'll see. WEEKLY CHARTS...

EverythingForex

USOil: The Bottom In Oil May Have Already Been Established. So What’s The Ceiling? USOil has been bouncing between $40 and $55 for awhile now. Not knowing which way to go. If you’ve listened to the news reports and read all the briefs, you know that there is no consensus as to which way it is to head: up or down. From one week to the next, you get conflicting...

EverythingForex

A month ago, I posted that there was a possible HUGE MOVE coming in this pair. Despite the fact that there was an almost imminent rate hike to come and that should've sent this pair skyrocketing, the chart was saying otherwise. If you were trading on fundamentals, then you got caught pants down! Here's what I posted a month ago WITHOUT the benefit of knowing...

EverythingForex

For those of you who have followed me for some time, you know that when I predict that there is to be a HUGE MOVE coming, I'm 100% correct in my predictions! And when I say HUGE MOVE, I'm not talking some silly 30-50 pips! These moves are usually good for hundreds if not thousands of pips! And here I am again seeing that there is a HUGE ONE that could be upon us...

EverythingForex

I don't know that I'm right or wrong and really, I don't worry about that. I just read the chart and act according to what the chart is saying. In effect, I try to trade WITH the price action and not against it! When you purely trade according to structure or indicators, you aren't doing that! You are trading according to your own bias and what you are THINKING!...

EverythingForex

For you all who keep insisting on SHORTING this pair and kept listening to sell advice based on structure, overbought indications, divergence, etc, etc....I know you are frustrated losing trade after trade trying to short this pair! But I've done my best to keep warning all that it just wasn't the time to SELL yet! Look at my last post on this pair in which I...

EverythingForex

The last time I posted on this pair, I warned against selling. I posted that warning because I saw so many posters telling people to sell on structure or whatever. I saw something different happening according to my analysis and it wasn't to sell! Here's that chart from that post: Now this update is a small part of my latest analysis on this pair that I issued...

EverythingForex

Were you thinking to buy Oil for a run up to $60 or higher? Did the news trick you into thinking higher prices were directly ahead? Did the "supposed" OPEC- Russia deal get you thinking to BUY, BUY, BUY? Did you follow someone's suggestion to BUY cause they said so? Well, if you did then I guess you might be wondering "what the heck is going on???" Well, I'm NOT...

EverythingForex

Back 21 days ago, I posted this chart and warned those of you who were willing to listen that this pair was about to drop hard based on wave count when some other people were saying to BUY based purely on structure! Here's the chart I posted 21 days ago: Look at the updated chart above and see what has happened since I posted that chart! Now admittedly, I...

EverythingForex

Time and time again, I see traders trading not knowing where prices are and what is the probability of success. This is where knowing the wave count is a MUST! Without it, you are only seeing half the picture and basically trading blind! You see, wave counting is like a roadmap to where prices are going. Just like when you are driving, if you don't know where you...

EverythingForex

I just posted an updated analysis on USDJPY where I talked about learning from getting stopped out. Now I know it may seem like I NEVER lose but in reality, I lose many trades! But I ALWAYS make much more than I lose because of PROPER stop placement and PROPER money management! If you incorporate and utilize these 2 things PROPERLY and stick to it, it will go a...

EverythingForex

So the last time I discussed about USDJPY , me and my members were in a SHORT trade on this pair since Dec. 19th and looking for this to head lower to possibly fill out a Bat and a Crab patterns. Well, it hasn't worked out that way and now I don't see those 2 patterns being filled. Nobody said any patterns MUST fill and advanced pattern trading DOES NOT suggest...

EverythingForex Updated 

The PROPER use of advanced patterns along with correct wave counting techniques can keep you OUT of bad situations as well as get you into good ones! I know many of you went and SHORTED this prematurely thinking that structure was going to give you a good trade but if you knew what I knew, then you would know that structure wasn't going to hold and shorting there...

EverythingForex

TEN days ago, I posted a chart where I said that this pair had reached a critical level at a 1.618 extension and said that we should see some retrace occur at that point. I told my members to SELL as soon as I saw the proper price action setup a SELL. Which we did @118.095 right where you see that I marked the minor wave (A) end. That provided a very good...

EverythingForex Updated 

AUDUSD : Now In A Strong Downtrend...But Don't Forget It's Still A Correction! AUDUSD has been seemingly falling strongly in a new strong downtrend and it is. But is this the resumption of the MAJOR overall downtrend? In order to understand why it is falling and figure out where it could possibly end, we must understand the BIG picture of what is happening in ...

EverythingForex Updated 

This trade is a very good example of how understanding wave structure can give you a powerful edge in trading. But know that learning and more importantly implementing wave structure into your trading takes much learning and work! I'm not going to sugar-coat that fact like others and say it is easy! It is not. It requires WORK! Yes, that's right...WORK! Ever heard...

EverythingForex Updated 

In my last post on this pair, I projected pre_FOMC that it would heading up and reaching this critical level. Here is my chart from last week before the FOMC: In the updated chart you see in this post, it did EXACTLY what I said it would. That's no surprise when you know the wave count, understand structure and patterns and have the experience to know what is...

EverythingForex Updated 

We went short on this on Tuesday and we are already up +260 pips and looking to cash in over +330 pips on this trade. But what to watch for is this POTENTIAL Bat to complete right at a MAJOR support zone. From there, we should see a BIG move back up! Overall, I am still BULLISH on this pair.