This video is part 1 of a coming series on trading psychology. I tell you where I think a trader should start when it comes to working on their mental game.
Educational video. Closer top-down look at AUD/NZD and how I am approaching it.
Educational video on how to anticipate the end of corrective waves so you can rejoin the trend.
Educational video on my "point of failure" concept. This is a must watch video for all trend followers.
Educational Video: Quick and easy trick you can apply starting NOW to be ready for those big moves when they happen
Educational video on the different approaches to setting targets & the importance of having a certain mindset when looking to take profits
Educational video on determining market structure (key vs critical support/resistance)
This is an educational video covering the characteristics of counter-trend price action.
USD/CHF is presenting a textbook Elliott Wave count so far. I have marked on the chart the many ideal characteristics for this currency pair. There is no long position to take for wave (v) quite yet. It is important to wait for evidence that wave (iv) is complete. The fact we have reached the previous base channel is one strong piece of evidence. Confirming price...
This video covers trendlines and one of the most common questions traders have about them - how do we know if a breakout is a 'real' breakout and not a fakeout?
GBPCHF is currently sitting on weekly support and we have RSI turning up from its previously oversold conditions. On the lower timeframes we have a falling wedge and an inverse head and shoulders patterns that has broken out. See below for lower-timeframe charts.
AUDUSD We have likely completed a 5 wave expanded flat off the lows and am at minimum targeting a re-test of the lows around 0.68500.
One possible - and likely - interpretation of the current shorter-term wave count on EURJPY is that we have clearly completed a 5 wave decline followed by a classic ABC Elliott Flat correction. The question is - what next? I am anticipating at minimum a return to the original lows at the 121.000 handle, with the possibility that there will be a fresh 5 wave...
AUDCHF - 2H We have broken an ascending wedge, which lines up very nicely with an Elliott ABC correction off the lows above 0.674000. Minimum target is the base of the wedge.
Wait for a break and close beyond the trend line. Still confident that we have another leg to go down in USDCHF. Stop loss is variable. Most conservative location would be above 0.99500.
We have a break of an ascending diagonal wedge. Target is at the base of the wedge, and the stop is above the highest point of the wedge.
Refer to notes on chart *This idea will be updated with lower timeframe trading opportunities as the waves on the D1 begin to come to an end* Good luck
We've had a clear 3-wave corrective rally off the 0.96940 in USDCHF. Targets are marked and derived by using Fibonacci extension off of the 5th wave.