SteveNixon

PRO
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Joined United Kingdom logicfxtrading
http://logicfxtrading.com
Markets Allocation
90 % forex 2 % cryptocurrency 8 % other
Top Mentioned Symbols
AUDNZD 11% | 27 GBPUSD 10% | 26 AUDJPY 8% | 21 USDCAD 8% | 20
SteveNixon SteveNixon PRO GRXEUR, 240, Short ,
GRXEUR: Weekly Forecast GER 30 index
75 3 14
GRXEUR, 240 Short
Weekly Forecast GER 30 index

This is my first forecast of the GER 30 Index but I have been following it in the Trading Room. A few weeks ago I said it needed to put in a 4th wave correction (of the 5th wave). So far we've had a break of the trend line but the correction does not look deep enough for me therefore I expect price to move down some more (see drawing) to at least the next trend ...

SteveNixon SteveNixon PRO EURCHF, 240, Short ,
EURCHF: Monthly Forecast EUR/CHF Short
131 0 14
EURCHF, 240 Short
Monthly Forecast EUR/CHF Short

The Euro has been pushing up against the Swiss Franc for almost 3 years and it needs to correct. The current price and structure looks like it could happen soon. Keep an eye on this one because it looks like an ending diagonal which often precedes a sharp move down. Wait for a break of the trend line before looking for a short trade set up. I'll update my ideas ...

SteveNixon SteveNixon PRO EURAUD, 240, Short ,
EURAUD: Weekly Forecast EUR/AUD (Corrective Short)
160 0 16
EURAUD, 240 Short
Weekly Forecast EUR/AUD (Corrective Short)

On the higher timescale this pair look long but price has spiked up to our first target and is now correcting as expected. I imagine price will come down in a corrective fashion until it reaches the trend line. From there I'll be looking for more upward movement. Let's see how it develops over the next week or so. I'll update my ideas as they develop First rule ...

SteveNixon SteveNixon PRO NZDUSD, 240, Long ,
NZDUSD: Weekly Forecast Dollar/Kiwi
136 0 17
NZDUSD, 240 Long
Weekly Forecast Dollar/Kiwi

This is another pair which has moved counter to DXY. Like AUD and SEK it has been weakening against the dollar despite the fact that it's been weakening. Provided we get a strong move down on the dollar this will move up but like with the other currencies mentioned it will probably not present the best trading opportunity. I'll update my ideas as they develop ...

SteveNixon SteveNixon PRO USDSEK, 240,
USDSEK: Weekly Forecast Dollar/Krona
52 1 11
USDSEK, 240
Weekly Forecast Dollar/Krona

This is one of the few forecasts I've been getting wrong over the last couple of charts. It has been moving counter to DXY so clearly the Krona has been getting weaker faster than the Dollar. It still looks short to me but I'll not be trading it because it will clearly not produce the biggest move down. So my forecast is short but don't trade it until the dollar ...

SteveNixon SteveNixon PRO USDCAD, 240, Short ,
USDCAD: Weekly Forecast Dollar/CAD
117 1 17
USDCAD, 240 Short
Weekly Forecast Dollar/CAD

Price has moved down as expected but only to the trend line. Since then it has been creeping upward with the trend in line with the corrective structure on DXY. If we get the expected short break on the Dollar then look for a break of this trend line and a short trade set up. I'll update my ideas as they develop First rule of trading - Protect your capital ...

SteveNixon SteveNixon PRO USDJPY, 240, Short ,
USDJPY: Weekly Forecast For the Dollar/Yen
126 0 11
USDJPY, 240 Short
Weekly Forecast For the Dollar/Yen

In line with my monthly outlook for this pair price has been moving tentatively short - any further movement down will depend on the dollar index which also looks short. Take any downward movement on DXY as a signal for this to move to the channel bottom. Do not trade unless you see a correct set up. I'll update my ideas as they develop First rule of trading - ...

SteveNixon SteveNixon PRO GBPUSD, 240, Short ,
GBPUSD: Weekly Forecast for the Pound - Short
118 0 10
GBPUSD, 240 Short
Weekly Forecast for the Pound - Short

In my last few charts I've forecast long on the pound - each time I've been correct but only to the top of the current corrective structure then price crashed back down to remain within the structure. My longer term view has been and still is long but for this week I can only see short - the latest move up is just not convincing me that it will break out long. ...

SteveNixon SteveNixon PRO EURUSD, 240, Long ,
EURUSD: Euro Dollar Expecting a long trade
411 1 20
EURUSD, 240 Long
Euro Dollar Expecting a long trade

In line with the expected short trade on DXY I'm looking for a long trade on the Euro. Wait for a break of the current corrective structure. I'll update my ideas as they develop First rule of trading - Protect you capital Any one trying to learn Elliott Wave Theory can find a FREE comprehensive Building Blocks video course on my website. See my profile for the ...

SteveNixon SteveNixon PRO DXY, 240, Short ,
DXY: Dollar index Forecast Short
117 0 10
DXY, 240 Short
Dollar index Forecast Short

This is starting to look like the 5th wave we've been waiting for. The latest move up is making a corrective structure which looks short. I'll update my ideas as they develop First rule of trading - Protect you capital Any one trying to learn Elliott Wave Theory can find a FREE comprehensive Building Blocks video course on my website. See my profile for the ...

SteveNixon SteveNixon PRO BTCUSD, 240, Short ,
BTCUSD: Possible C Wave about to Start?
209 1 5
BTCUSD, 240 Short
Possible C Wave about to Start?

So far we've had a 50% retracement of the previous 5th Wave but I still feel it's not enough as the whole impulsive wave needs to correct. If we get that then price could come down lower than the correction we've had so far. A full correction could see price come down to between $5000 top and $3000 bottom (i.e. the price range of the 4th corrective wave). Let's ...

SteveNixon SteveNixon PRO DXY, 60, Short ,
DXY: DXY breaking short?
229 11 13
DXY, 60 Short
DXY breaking short?

This could be the breakout we've been waiting for. Wait for a correction (flag) before going short. This could still reverse back into the channel for another wave up so be careful and wait for the confirmation that we are looking at the start of wave 5. I'll update my ideas as they develop First rule of trading - Protect you capital Any one trying to learn ...

SteveNixon SteveNixon PRO BTCUSD, 60,
BTCUSD: Expanded Flat on Bitcoin?
171 0 8
BTCUSD, 60
Expanded Flat on Bitcoin?

I've been looking for a major correction on Bitcoin for a few weeks now but each time I get into a short trade price comes back up to take me out for zero. Still I soldier on, this correction will happen, it's just a matter of timing. Once again price is pushing lower but this time I'll not get involved until I see a break of the major trend line. At the moment we ...

SteveNixon SteveNixon PRO BTCUSD, 60, Short ,
BTCUSD: Waiting for a short trade
189 2 10
BTCUSD, 60 Short
Waiting for a short trade

This has moved up and up recently and looks ready for a correction. Wait for a break of the trend line before opening any positions on an entry set up I'll update my ideas as they develop First rule of trading - Protect you capital Any one trying to learn Elliott Wave Theory can find a FREE comprehensive Building Blocks video course on my website. See my ...

SteveNixon SteveNixon PRO USDSEK, 240, Short ,
USDSEK: Short Trade coming soon
69 2 6
USDSEK, 240 Short
Short Trade coming soon

Everything about this pair looks short. Wait for the break of the trend line and entry set up before opening any trade as this could still push a little higher. There is no long trade set up so don't be trying to trade it long. Be patient the short trade is coming soon. I'll update my ideas as they develop First rule of trading - Protect you capital Any one ...

SteveNixon SteveNixon PRO GBPUSD, 240, Long ,
GBPUSD: Long based on DXY
325 0 17
GBPUSD, 240 Long
Long based on DXY

As we have been saying for a few weeks now we're expecting a short movement on the Dollar Index. Once that happens we will see long trades on EURUSD, GBPUSD, NZDUSD and AUDUSD. Keep an eye on the index for a breakout then decide which pair looks most likely to give the best price movement. I'll update my ideas as they develop First rule of trading - Protect you ...

SteveNixon SteveNixon PRO EURUSD, 240,
EURUSD: Neutral on Mixed signals
297 5 14
EURUSD, 240
Neutral on Mixed signals

Given the structure of the Dollar index I'm expecting a long trade on the Euro but looking at this chart it looks short. Therefore I'm neutral on this pair until we get a less ambiguous signal. If price goes short from here look for a long set up from the channel bottom but if the "breakout" retraces back into the the structure we may get a continuation (drawing). ...

SteveNixon SteveNixon PRO DXY, 60, Short ,
DXY: Still waiting for a short trade on the Dollar index
140 2 12
DXY, 60 Short
Still waiting for a short trade on the Dollar index

In line with my analysis on the higher time frame (see link below) I'm still looking for a short trade on the dollar index We've had a couple of breakout attempts so far (circled) which have both retraced back up. Let's see if the next attempt is successful. If not then we'll get another wave back up before this structure is complete. My long term view (the ...

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EURNZD
Euro Fx/New Zealand Dollar
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USDCHF
U.S. Dollar/Swiss Franc
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AUDCHF
Australian Dollar/Swiss Franc
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AUDNZD
Australian Dollar/New Zealand Dollar
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AUDUSD
Australian Dollar/U.S. Dollar
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AUDJPY
Australian Dollar/Japanese Yen
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GBPUSD
British Pound/U.S. Dollar
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EURGBP
EURO / POUND STERLING
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GBPAUD
British Pound/Australian Dollar
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USDCAD
U.S. Dollar/Canadian Dollar
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USDJPY
U.S. Dollar/Japanese Yen
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NZDCAD
New Zealand Dollar/Canadian Dollar
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NZDUSD
New Zealand Dollar/U.S. Dollar
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EURUSD
Euro Fx/U.S. Dollar
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