Search results

G/U is on the rise, just jumped to 0020 so will watch for break up although pattern still resembles an ABC up with another pulse down to go on minute charts.

G/J seems like it has struggled to do an ABC up against prevailing downtrend and a breakout down below 193.00 would not be surprising without much further rise above current 19420. U/J seems to show the same challenge. Pattern on A/J did show an nice A up , B down and C up from recent low of...

Scratch that E/G trade concept because it is one of two possibilities, the first being a resumtion of trend up happening about now at 7845-50 or the finish of a larger ABC down yet undone before final move up to higher target area above 7900. There fore not an ideal entry time. Better to wait...

I'm watching for trend continuation up of EUR/GBP from 7845-50 to at least 7900 as G/U softens more tha EUR... U.CAD seems high at near 0010 after bounce there but seem like it will double top or better given current Elliot wave pattern on minute charts. Same with EUR/CAD, struggling to top...

U/CAD appeared to do an ABC up to 9850 then down providing some pips but has returned higher than expected. Therefore the pattern is either a larger ABC up or yet to be confirmed uptrend that will bounce down first. It should bounce down again from 9870-75 for another swing trade attempt down...

USD/CAD has confirmed a donward patter although bouncing up off 9800 now. reselling from a higher point with downtrend makes the most sense, possibly from as low as 9830 depending on ABC up pattern as seen on minute charts, stop above 50, or wait to se if it regains near 9850. The target is...

The dollar fell to the weakest since 1995 against the yen and a record low versus the euro after a Carlyle Group fund failed to agree to reschedule overdue debt, triggering concern at more forced asset sales and losses. - Bloomberg

CHF/JPY appears to have hit a bouncepoint at 98.95 for those who like slower movers... but after a bounce it appears like it will want to double bottom or drop a bit lower, bounce may be 20-30 pips. Other U/J crosses show that they are closing in on large bouncepoint soon but the U/J is...

Bought the U/J at 100 but it may come down for a double bottom or a bit lower so some profits off above 100.20 and rest left in case the reversal has happened, target 101.00

AUD/U has done an A of ABC down to 9330 almost complete, that or a 1 of a 12345 down but I think it will only ABC down before another rise. "A" down to about where it just hit at 9330 or a bit lower then up for B for at least 40-50 pips then down for C to maybe 9300. I missed the bounce due to...

400 pips lower on G/J its clearly doing a 12345 wave set down from 208.00 and doesn't look finished. Was stopped out 4 times catching bounces on the way down today, once at 0 and 3 times with small stops of less than 20 however gains made better than losses on G/J as retracements are often...

USD/CAD I'm unclear on immediate pattern of after higher than expected rise however the character of that pair after watching it for a couple of years to note E.W. patterns is a bit more lawless than other pairs. The larger pattern seen on 1hr charts still shows probable downward bias but havn't...

AUD/U news, employment number came out over 36K, expected was 15K and the pair price jumped 40 pips in minutes. Elliot Wave Pattern showed this move in advance and I was in over 3 hours ago re-buying up... out now as target was met. Will consider buy after retracement from 9890 price current...

An excerpt from a "Trade the News service" pertaining to the News scheduled later today... 2. Wednesday, March 12th, 2008 (5:45 p.m. New York Time) NEW ZEALAND At 5:45 p.m. we will have New Zealand Retail Sales coming out. I think a "regular" retail sales (NOT core) is more in focus. It is...

AUD/U and NZD/U news later today... N.Z. House Sales Fall, Prices Drop to 12-Month Low (Update3) By Tracy Withers March 12 (Bloomberg) -- New Zealand house sales slumped and prices fell to a 12-month low in February, adding to signs record-high interest rates are cooling the property...

Canadian Dollar Erases Gains as Export Commodity Prices Decline By Haris Anwar March 12 (Bloomberg) -- Canada's dollar erased gains against its U.S. counterpart as the prices of some of the nation's commodity exports slid. Crude oil fell about 1 percent after an Energy Department...

'the bounce down on EUR/U from 5500 worked 1/2 out with stops at 0 for a target of 5410 ATM. The re-entry on CAD/JPY was a stopout as it dropped due to U/CAD's higher than expected rise. U/CHF provided a good bounce up this morning twice but I missed it for watching other pairs while...

USD/CAD has broken up with force, and although a sell price will be watched for it has exceeded 9900 just now to hit a bouncepoint but the unfloding pattern shows a bit more appreciateion is likely before larger retracement down. CAD/JPY has bounced off 103.45-50 up a couple of times, first...

CAD/JPY may be a good buy at just above 103.50 using a small stop. Target 104.50 conservatively. G/J was a good bet at 206.50 but I see that I just missed that. I lean toward this pair descending more today after bounce even though it appears to have done an ABC down from 208.00 because...

USD/CAD Appears to be headed down in larger trend and has bounced up to 9885 from recent low of 9836 so selling down from 9900 or slightly below with small stop with target of 9800 provideas a good risk reward ratio. G/U has dropped from 2.0210 nad could regain hights in short term from...