Monk

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Markets Allocation
61 % forex 15 % indices 13 % stocks 11 % other
Top Mentioned Symbols
GBPUSD 21% | 18 USDJPY 16% | 14 DXY 10% | 9 EURUSD 8% | 7
Monk Monk AUDUSD, M, Short ,
AUDUSD: AUDUSD
135 0 6
AUDUSD, M Short
AUDUSD

Explained on chart. Again, if this is a W4 correction now, its hard to tell when it could end.

Monk Monk EURNZD, M, Long ,
EURNZD: EURNZD
30 0 3
EURNZD, M Long
EURNZD

Been long since 1.51 after looking at long term corrective price action at fxtop going back to 1953. I'm assuming worst case this is a bear market rally.

Monk Monk EWQ, M, Short ,
EWQ: France CAC EWQ bear market rally
5 0 2
EWQ, M Short
France CAC EWQ bear market rally

Looks corrective. Where the top is though, who knows.

Monk Monk GG, M, Long ,
GG: GG Goldcorp
75 0 2
GG, M Long
GG Goldcorp

Expanding triangle correction, now a new impulse up I think.

Monk Monk XAUUSD, M,
XAUUSD: Gold, XAU, GLD
153 2 5
XAUUSD, M
Gold, XAU, GLD

You never know!

Monk Monk AMZN, M, Short ,
AMZN: AMZN Amazon
92 0 1
AMZN, M Short
AMZN Amazon

Wow! Incredible run, but reality undoubtedly will kick in at some point soon. Just even glimpsing the distance from the 200 day EMA is mind blowing to me.

Monk Monk GS, M, Short ,
GS: GS Goldman Sachs bear market rally
36 0 2
GS, M Short
GS Goldman Sachs bear market rally

Look corrective, but don't know where the top is.

Monk Monk AORD, M, Short ,
AORD: AORD ASX bear market rally
12 0 2
AORD, M Short
AORD ASX bear market rally

Looks corrective imho. My previous idea still stands. As always, timing is difficult.

Monk Monk UKX, M,
UKX: FTSE UKX bear market rally
28 1 2
UKX, M
FTSE UKX bear market rally

Look corrective imho.

Monk Monk GXC, M, Short ,
GXC: GXC China bear market rally
21 0 2
GXC, M Short
GXC China bear market rally

Still a large down to come imho.

Monk Monk AORD, M, Short ,
AORD: AORD ASX
47 0 2
AORD, M Short
AORD ASX

Not sure if the current C wave (if this is actually a larger B wave of a zig zag) has finished and we already have an impulsive structure down...

Monk Monk ABX, M, Long ,
ABX: ABX, GDX, Gold long
121 0 4
ABX, M Long
ABX, GDX, Gold long

Regardless of EW count, the new leg up looks impulsive thus far so looking to go long... just need to work out when this (assumed) correction (b wave?) has finished.

Monk Monk DXY, W,
DXY: DXY consolidation
71 0 8
DXY, W
DXY consolidation

This fits with the idea that gold and gold stocks, as well as USD$ currency crosses have another up/retracement before a new leg down.

Monk Monk FXB, M, Long ,
FXB: GBPUSD long
39 0 0
FXB, M Long
GBPUSD long

Look at volume on the GBP... would there have been a large spike if this was the start of a new trend down? Interesting...

Monk Monk GBPUSD, M, Long ,
GBPUSD: GBPUSD Long
274 1 2
GBPUSD, M Long
GBPUSD Long

GBPUSD long. 1.6 would be a good long area. I would like to say low risk with a tight stop, but there could be a spike down to knock you out before it goes up again. The lines drawn relate to clones so the move from jan 09 to jun 09 is cloned again now with two equal legs again (the 2nd leg forming v shortly back up to 1.84 ish. Unusual for a deep wave 4, but the ...

Monk Monk USDJPY, W, Long ,
USDJPY: USDJPY possible triangle pattern
155 1 3
USDJPY, W Long
USDJPY possible triangle pattern

As per request in comment to my last chart.

Monk Monk USDJPY, D,
USDJPY: USDJPY Triangle?
173 1 3
USDJPY, D
USDJPY Triangle?

EW theory - one more touch of the bottom trendline and then higher possibly. I'll try a long if price gets there.

Monk Monk USDJPY, W, Long ,
USDJPY: USDJPY
63 0 1
USDJPY, W Long
USDJPY

On the weekly, 'stochastics k' is holding and looks to be bouncing upwards. See orange highlighted circle.

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