VRShaiju

VRShaiju

I am leaving this station for time being. Thank You Guys who supported. 2017 is huge year for me. New world with greater responsibilities. Gold is always shine. You need to have a great heart to trade gold. We all have this strong heart. My friendly advice. Don't listen to "never". those who say never is not a trader. Don't listen to news, because news is past....

VRShaiju

I am very happy to say Gold back to Volatile. Here is the Elliot wave chart for anticipated gold move in both direction. Personally Gold fall into strong buy zone and I should do this next week with out hesitation. When you are in profit take profit for each resistance and support. You can hold swing when Climax began of after the climax. This panic selling is NOT...

VRShaiju

USDJPY approaching bearish zone for about 500 pips drop after it. The 5 waves of C is not completed before entering a short position. Let it complete with a Bearish Gartley pattern. I am waiting

VRShaiju

DXY Found a temporary resistance. However I expect a final move upside before falling back. I found quite few harmonic pattern, Expanding diagonal, Wolf Wave Bear pattern and bearish EW count. All conditions are met for a Triple top on DXY before falling harder. You already know what will happen when King fail the battle. Trade well :) I am neutral on DXY.

VRShaiju Updated 

Let's see How it goes..! May be a 3rd wave bullish offensive take or a C wave seed downside either way there is potential. Trade ON

VRShaiju Updated 

You never get this chance again. The bull setup before FOMC. However it's advisable to take position on Wednesday Comex section. The Bear and Bull wave are moving in same direction next week. They should diverged between 1345-1357 area. Trade safe ..! We have three more trading days before FOMC release and that should be NO change in rate hike :) We should see...

VRShaiju

SPX sitll in bull momentum. I am really happy to see the break in SPX upside because the Elliotwave strategy telling that the fall we experienced in early this year was normal in primary wave 4. The entire world was expecting a huge drop on that occasion and the sentiment was highly bearish :(. Till this date the sentiment on this pair has not changed. This is an...

VRShaiju

Oil slide again to bear market. We should see $30 again. Technically and fundamentally oil running through very bad era. Only new US govt can influence on Saudi. So we have to wait for US election to see a recovery in oil market. The buyer's sentiment in oil market is about 88% which is much higher than gold and equivalent to silver :) This means here are fresh...

VRShaiju

I found NFP news spike on last Firday. The long waited bounce printed nice reversal doji candle on weekly 20ma. We bounced to 1330 in quick session, but unable to cross daily 20ma. All conditions are good to long? Are we? No - it's a big no We are entering to new bear trend in gold till FOMC this month. Risking long before FOMC is a risk. We all aware that...

VRShaiju

Silver is in corrective face. Should fall more before bouncing hard. I doubt about a new high, but we can see double top

VRShaiju

It's time to buy gold with tight SL below 1320 target 1350. This could be the fast move of this month. Gold not ready to reveal the angry face yet. I am looking for a flat correction

VRShaiju

It's always fun to trade the gold using EW strategy. I opt a bearish option on EW and kept the bullish as alternative. The reason, I didnot see continuation of bull momentum. If we are bull the current wave should be 3rd wave. Price never range in wave 3, Triangle will not be seen in wave 3. Resistance should cut like butter in wave 3. "Are we in bullish wave 3?"...

VRShaiju

Gold market yet to pitch in extremely volatile correction swing. There were correction, range and trend all mixed up in next six months. This is going to be swing traders paradise and positions holders nightmare. Today I would like to share the bigger picture of the market, which is the most possible corrective structure I experienced in spot gold trading. The...

VRShaiju Updated 

It's fun to decode gold moments using Elliot Wave principle. Precious metal never gives what we want. The last week bull was very predictable. The "bearish" move yet to began. It can be impulse or correction. I love to get that. I have very difficult plan for this week. It's not easy to digest when we face NFP this Friday. Let's wait. Looking for a level which...

VRShaiju Updated 

Oil is a Good buy in 2016. Oil should pop up from here with 3 wave swing to complete cycle wave.

VRShaiju

US Dollar Index - The King started smiling for next wild run up. It came out of multiyear inverted head and shoulder, wanted to go to distance. 108-110 is the level I am looking for weakness in US dollar. We consolidate almost an year after a healthy breakout. Let's catch the BigBat

VRShaiju

Sounds Crazy? .. ! Wait for it. I am buying USDJPY on Support. See the zoomed chart below.

VRShaiju Updated 

This might be a very strange trade idea after FOMC minute release yesterday. However I prefer long with TP marked in the Chart with SL BE 1252-56 will be the leg bottom