east-west_trading

east-west_trading

Greetings traders! After checking through a few different sources in the Elliott Wave community, there seems to be a line of thinking that we are on the verge of a true raging bull that will probably make this years rally seem like the entree! The general line of thinking is that we had topped out in the 3rd wave, but most people were at a bit of a loss to put...

east-west_trading Updated 

Ten year notes are a bit wild and very choppy at the moment, but are looking to break higher. There is a POTENTIA L Gartley set up forming above if the market can get there. A note of caution friends, it's a bit wild, if you have a go at this, then keep it light!

east-west_trading Updated 

Possible Gartley completion in ten year note futures happening right now. There is potential for a bigger pattern with an entry higher, which I favor over this one. I'd suggest keeping it light on this pattern with a stop above 131*125 #DYOR good luck!

east-west_trading Updated 

This lends into a weaker payrolls figure coming up, so take your pick on which currency you would like to buy against the USD. Personally I prefer the NZD as it has been hammered pretty hard over the last few sessions and sits just above a nice swing low which gives a nice stop point. This is not trade advice, so DYOR

east-west_trading Updated 

IDK....NFI......DYOR

east-west_trading Updated 

Today saw the release of Australian CPI and it wasn't overly pretty for the RBA. The market has come out blazing with most economists calling for a May cut which has taken it's toll on the AUD. I have been tracking this pair for a while and the big picture lends itself to an expectation of lower prices. One needs to keep the big picture in mind though whilst we...

east-west_trading Updated 

With FOMC mins being some what less dovish than the market expected, this might be a good spot to fade the NZD rally with one eye on the RBNZ meeting and rate decision (still expected to be a cut) on the 8th of May. I have initiated a short and will update with levels on stops and profit targets as the trade progresses

east-west_trading Updated 

The latest release of non farm payrolls has got me looking at US ten year notes. I had previously managed to catch good wave 3 action on this one and have since been waiting for a wave 4 bottom to look for a set up to go long again. Last sessions price action may have provided that. I say may as this is all pretty subjective when we talk about waves, but the...

east-west_trading Updated 

Overnight we have had some pretty firm ISM manufacturing prints out of the states that has pushed rate futures down as the markets questions the current rhetoric around slowdowns and rate cuts. With this in mind, I am looking at this pullback as the potential bottom of wave 4, and a good chance to try a long. I have 123*175 as the 50% pullback of wave 3, so the...

east-west_trading Updated 

OK, NZD has been on the nose since the RBNZ signaled that the next move in rates is most likely to be down. Since then, a few banks have called for a May cut. At the time of writing, Westpac joined that chorus www.forexlive.com So, I have coupled this with some more positive sounding Brexit noise (hahaha) and decided to express this view via EURNZD. A note that...

east-west_trading Updated 

Just a potential quick trade here, We could have possible wave 3 down on a small time frame and maybe a chance to get a little bit of cash through the door. Please be aware the wave count is not perfect . I say this as I have started measuring not from the top of the wick, but more on the break of the pivot point. I did this as I didn't like the PA directly after...

east-west_trading

So today (2/4/19 in Aus), we have had a very big shift in the thinking towards the RBA and the path of rate moves in Australia. The reserve bank has made a subtle, but very important shift. If your interested on why the AUD has had such a move, please follow this link for the take of Bill Evans from Westpac Bank, who is considered Australia"s best rate...

east-west_trading Updated 

Pretty clear chart here on the hourly. Impulse, sideways corrective pattern, and now chance for another impulse. There are lots of potentially AUD positive events on the near horizon, most notably RBA tomorrow (2nd April Australian time) and Australian budget. There are other indicators to suggest it's at a bit of a tipping point (50 SMA for example), but I think...

east-west_trading Updated 

This is an hourly chart of EURAUD, but I have gone through all the time frames and it all looks good to sell for me. I am just treating this potential break out as a timing event. At the time of writing, there are a few near term factors that could influence this pair. 1) AUD figures. There is a new home sales figure (likely to be soft) and NAB business...

east-west_trading

Pretty clear chart here on the hourly. Impulse, sideways corrective pattern, and now chance for another impulse. There are lots of potentially AUD positive events on the near horizon, most notably RBA tomorrow (2nd April Australian time) and Australian budget. There are other indicators to suggest it's at a bit of a tipping point (50 SMA for example), but I think...

east-west_trading

I had shorted this pair previously, and managed to close it out for some profit, the the way it has moved has led me to rethink my wave count. It still looks bearish, but there are some issues surrounding this pair. The AUD has had a good fall, dragged down via the NZD. The danger to the AUD obviously lays to the downside, but there isn't much on the horizon in...

east-west_trading Updated 

Looking at the hourly, I think we have a good chance of completing wave 5 of the pattern with TY futures here. Target a pullback from 124*095 down. Stops below 124*02, so make your volume and entry of a size that you can handle the loss on, however, I think the odds of one last push to the target highs are good. As of time of writing (27-03-2019) The Fed has been...

east-west_trading Updated 

I'll make this quick, sell the NZD and do it right now. It's had a big move already, but this is probably just the start of much lower prices. Sans a Fed rate cut, the bottom targets are achievable. Don't delay, get short today! On the long view, this looks like a continuation of wave 3 (red) and I think, sans a near term US rate cut (Moore doesn't become Fed...