salsapete

salsapete

You would think for sure the Kiwi is going to correct at resistance , and I am waiting for this. Take a look at last weeks COT data : Open interest > 50 K Net Non commercials skyrocketed to 21 455 !!!! The last time a figure was that high was on May 14th 2013 and Kiwi was trading at .8400. So the smart money are long into Kiwi big time. Makes me think more...

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Gold has made a .618 + retracement of Intermediate wave 1. Over the last 3 days price has moved up , and on Friday closed above the 10 MAV. Entry 1- choice to enter at the 10 MAV value on Monday or at market open price. Stop - beneath the candle breaking the 10 MAV = 1249.80 Entry 2 - if price moves up beyond the 20 MAV, set a pending order to buy at...

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As per chart.

salsapete

I haven't traded this, but you can see how it moves opposite to the present pound scalp.....:)

salsapete Updated 

Entry Cross of Regression 10/30 to downside. Stop - 1 Bollinger SD upper. Target 1 - Bollinger 20 MAV Target 2 - 1 SD on other side....

salsapete Updated 

As per chart

salsapete Updated 

A continued short bias on Gold . Possible short as per chart, to see of gold moves to trendline support.

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For this pair the count may be 1. Primary Wave 3 2. Intermediate wave iv 3. Minor wave b Potential for a Zig Zag sharp correction to finish intermediate wave iv. at the .382 fib retracement of Intermediate Wave iii

salsapete Updated 

Next week seeks no high impact scheduled economic releases for USD. Mon-Tues has Dudley & Evans making speeches ( won't amount to much after Yellen's spin last week). Then Wed=Fri has 3 mid impact releases only - FED's Monetary Policy Report , Initial Jobless claims & House Price Index. So i'm thinking ( barring any unforseen Geopolitical Events) , the...

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Wave Count for EURGBP possibly 1. Primary wave 3 ( extended) 2. Intermediate wave 5 3. Minor wave 1

salsapete Updated 

As per chart

salsapete Updated 

As per chart.

salsapete Updated 

Lets set the scene. Direction of the trend Silver made a key swing high of 21USD in July 2016 , then reversed for the next 6 months in a downtrend to arrive at an intermediate support level of 15.60. For 2017 silver has traded in a range defined by the 2 intermediate key levels of 15.60 to 18.60 . Pattern It is possible Silver is carving out a downward...

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Check out yesterdays daily candle ........ bulls lured in by CPI , but caught out by the fed. We have a confirmed break below the 1265 S/R level. Today we will retest it , and likely price will move lower . So a short trade is possible. Enter - just beneath 1265. Stop - above the 10 MAV daily @ 1269. Target - 1. 1252 ( Pivot monthly) 2. 1242 ...

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Yesterdays strong rejection candle , suggests strong supply 1.1260 - 1.1300. So a short would be considered 1. Price in supply zone. 2. Stop 10 pips above yesterdays wick high. 3. Target = 1.0960 ( Monthly S1 )

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2This is a wave count on the S&P 500 Equities Index. The present wave count has the index at 1. Primary wave 3 2. Intermediate wave 5 3. Minor wave 3. A .682 fib projection has Primary Wave 3 topping around 2827 in middle of 2018. So forget about everything you hear, the market is telling us ( and has been since 2009) that it has been and probably...

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EURGBP entered a range in November 2017 , from .8350 to .8850. Resistance has held on 2 prior occasions. Maybe on this current move to the resistance level , price punches through. Trade possibilities 1. Buy the dip into the supporting moving average range. Set stop just below recent swing low at .8650 . Set your sights for the Key Swing High at .92 ( which...

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Wave count DXY within the E wave of a larger wedge consolidation. Looking for wave 3 to terminate between Monthly S1 and S2 pivots. Then a bounce in wave 4 back towards the monthly pivot. From there DXY to move down in wave 5 through the Gann Support lines towards wedge support at E point.