GMR-Capital

GMR-Capital Updated 

Hello traders! As stated in our previous post, linked in the description, we are following two main scenarios on S&P500. According to the bullish scenario, the 5 waves labeled in the chart should form a leading diagonal for wave i of C in a primary wave (B) to the upside targeting 4300+. In this case we should now retrace in wave ii of C. According to the...

GMR-Capital Updated 

Hello traders, here is our view about natural gas. As we can see from the monthly time frame, natgas completed an impulse after breaking a big descending triangle. After reaching a top of 9.995, natgas created a head and shoulders pattern that coincided with a 535 structure to the downside, as showed in the main chart. Then, wave 3 of C seems to be completed with...

GMR-Capital Updated 

Hello traders! As we can see from the chart, price completed five waves to the upside for what can be a leading diagonal for wave C of (B) to the upside, or a triple three in wave 2/B of (C) to lower lows (check the post below). We interpret the structure in this way since every wave up in this 5-wave structure was a three-wave, price overxtended creating...

GMR-Capital Updated 

In our previous post we presented the possibility of Silver being in a macro triple three correction for cycle wave (2), and thus still needing a lower low in the 16 area. However, we are now presenting an alternative scenario that we believe has same probability. Given the lenght of the last leg up, and the nature of the descent from 24.56 top ( a 3 wave,...

GMR-Capital Updated 

In our previous post we outlined how we distinguish tow different scenarios. Either we are in a ABC to the upside targeting 4300 and possibly beyond (as labeled in the main chart, green arrow) or we are in wave 3 of C targeting lower lows and the completion of the bearish wolfe wave pattern. We stated how we believe the first scenario to be more likely, but the...

GMR-Capital Updated 

Hello traders! We are now going for a full breakdown on the situation on the two main us indexes: sp500 and nasdaq100. As per our previous sequence on post, we believe there are two possible scenarios in place. First scenario: The index is still finishing cycle correction and is in wave 3 of C pointing to new lows. This was our main scenario and will be...

GMR-Capital Updated 

In our first post on Oil we stated that we are looking for a final wave C of (Z) of to conclude cycle wave 2 in the 57-63 area. We were kicked out at entry on the last trade , and we are now looking to reopen another short position at 83.7. However, bearish divergence and our view on indexes signals that the top could still be in. 83.7 is a confluence level in...

GMR-Capital Updated 

Good morning traders! We previously explained how in both our two main scenarios we believe S&P500 will complete the bearish wolfe wave in 3600-3650 area. We are leaning towards the scenario for which we should be in wave 3 of (C) and thus we should be directed towards a lower low. Our short positions are still in place, average entry @3990.2 and stop loss @4016...

GMR-Capital Updated 

Hello traders! In our previous posts on this, we explained how our main two scenarios both predict the index to complete the bearish wolfe wave with another 5-leg down to 3600's. In both the counts showed in the previous post another 5 leg down is needed after the impulsive move from the local top of 4136. The index extended up in the last days (but look at the...

GMR-Capital Updated 

As previously posted, we believe that Oil has to complete a z wave of a triple three to conclude cycle wave (2) below 67. So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box. We then still have 0.8% to risk and we are looking for a short setup around the 0.5 fibo...

GMR-Capital

Hello everyone! In this post we will present and explain our trading system. Our trading system condensates everything we have learned from hard work, study and even harder lessons received in these years of trading. It is constantly evolving and updating, we are always ready to question some aspects of our system and research tools and strategies that can improve...

GMR-Capital Updated 

Hello traders! In the first post about silver we exposed how according to our Elliott Wave Count silver should be about to finish the second X wave in a triple three correction for cycle wave 2. Since we arrived to a confluence zone with both the main bearish trendline from May '21 and a big volume cluster, we believe that price has a high probability of...

GMR-Capital Updated 

In our first post about oil we explained why we believe that Oil will conclude cycle wave 2 around the 57-63 area. We now believe it to be likely to complete the above triangular pattern before dropping more. The upper trendline of the triangle is confluent with the order block. To allow our stop loss to be extended to 81 respecting our risk managment rules, we...

GMR-Capital Updated 

Good morning traders! Here is our first analysis of XAGUSD (Silver). As showed in the chart, we believe that silver is still correcting the move from 11 to 30. Price has recently been rejected in a confluence area with big volume cluster and main trendline. Since this last leg up starts with three waves in wave a, we believe that another corrective leg is still to...

GMR-Capital Updated 

Hello traders! Finally price seemed to take the path the we were waiting for! To maximize risk reward and reduce risk, we prefer to open multiple trades in a scenario at different key levels, being stopped out eventually some time before getting the final position. In any case, WE CAN NEVER LOSE MORE THAN 1.5% of equity. This is our most strict rule! In this...

GMR-Capital Updated 

In our previous post we explained how we believe that oil still needs to complete a cycle wave 2 in the area 57-60, where the 61.8% fibo retracement and the upper trendline of a big descending broadening wedge stand. We then took a potential short opportunity at 75.8@, but we were kicked out at entry and we believe that the correction in wave ii of C of (Z)...

GMR-Capital Updated 

In our first post we explained how we believe the sp500 index will complete the bearish wolf wave at 3600, either completing a wave B of an ABC to the upside correcting the whole 2022 downtrend or in a wave 3 of (C) to make a lower low. We were stopped out from the first trade losing 1% of equity, so according to our trading rules we can only risk up to 0.5%...

GMR-Capital Updated 

In our first post about this index we explained our general view. Here is the wolfe wave and the micro count. We will observe and update about the price action to assess probabilities of the scenarios outlined in the first post. We are either in a wave 3 and we will go for a lower low, or in a wave c of B of an ABC to the upside. In both case we believe that we...