TRADE THE WAVES. TRADE THE PATTERNS: June 2014

Monday, June 9, 2014

This pair if forming clear wave patterns. we recently have a bullish retracement which could be the end of Wave-4.

The speculated end of Wave-4, which is supported by a strong resistance formed by the confluence of horizontal and diagonal trendlines, should make us prepare for southern move below the low of wave -3.

We can take profits at different prices if the bearish move is actualized.

The Analytic Chart below speaks what I have in mind better.

Please let me know if this blog has been helping someone by your comments and you can also contact me if you need a trading partner,mentor or fund manager

E-mail-sanmiadeagbo@yahoo.com

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Phone no: (234)08134820569

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Cable's drastic bullish move which started on 21st March ended with more than 500pips at 1.6995.

The price has since taken a correction to the downside with beautiful swings at good levels.

The present bearish move could still continue till 77.8% retracement of the bullish move at 1.6560-1.6600 before fresh bullish move could continue.

If price penetrates below 1.6468, the bears might be preparing to take over.
Presently, price has formed an ABC zigzag Gartley pattern (50-61.8% fib-level) at a strong resistance formed by 2-diagonal trendlines.

Any move from this level to the downside will suggest that Wave-3 is not yet completed ( at least its minimum projection).

Going by this thought, it's not bad to speculate that wave 3 could occur at 1.6560-1.6600 which is a magnetic zone for price due to different projections that converge there.

A new buying interest should be expected there after we might have exhausted profits at different levels along the way.
A break above 1.6850 will make this scenerio invalid and might force price to resume the bullish run.

Perhaps the analytic chart below can explain better to you

Please let me know if this blog has been helping someone by your comments and you can also contact me if you need a trading partner,mentor or fund manager

E-mail-sanmiadeagbo@yahoo.com

Facebook- sanmi Adeagbo

twitter- Forexelyte

Phone no: (234)08134820569

OPEN A LIVE ACCOUNT WITH MY PARTNER BROKER AND ENJOY 60% BONUS, 1 YEAR FREE SIGNALS AND MENTORSHIP

Wednesday, June 4, 2014

Those that sold this pair in late April and early May and stay long enough should be dancing ( I wish I was one of them). A nice bearish move from Euryen.

Recently we are having a bullish correction push which could end at a major level for the bears to resume. Good and patient traders that are not in any position in this pair will be waiting. Yours sincerely is one of those people.

This pair, presently is trying to break the Resistance 140.00 and we can see some pins forming around there.

I see the big picture at 141.00- 140.50 level. This level will complete a deep bat harmonic pattern and together with the strong bearish resistance trendline, we have a magnetic CONFLUENCE area.

We might not be able to know correctly where this reversal will be but we can predict possible levels, lay AMBUSH and act accordingly

I will wait for a bearish signal at this level and pull the trigger when I see something convincing enough. If this should happen and the bearish move resumes, then we can host a party of Euro and Yen pips and ride down , down and down........

Conversely, if price breaks the aformentioned level in high momentum, well the bull might take over and we can now re-analyse.

Please let me know if this blog has been helping someone by your comments and you can also contact me if you need a trading partner,mentor or fund manager

E-mail-sanmiadeagbo@yahoo.com

Facebook- sanmi Adeagbo

twitter- Forexelyte

Phone no: (234)08134820569

OPEN A LIVE ACCOUNT WITH MY PARTNER BROKER AND ENJOY 60% BONUS, 1 YEAR FREE SIGNALS AND MENTORSHIP

ENJOY 60% BONUS AND 1 YEAR FREE SIGNAL AND MENTORSHIP

Of recent, this pair has been experiencing nice wave movements up and down. The medium term is bearish!

The recent upward push we are experiencing might be a correction after which the bearish move will resume.

The reversal level indicated below signal a possible end to a potential wave-4 movement. This is not just a movement but a 3 swing ABC wave pattern movement or what many harmonic traders know as Gartley harmonic pattern if the fib-ratios are added. The fib-ratios added make the indicated reversal zone,a strong magnetic area for price to reverse.

There is a potential gartley forming under a strong trendline and a rough resistance, so the outlook is bearish
Presently, market is looking like wanting to reverse from this level which could possibly happen but care should be taken before entry as there is room for more pips upward.

My entry strategy has not pushed me to sell yet and when it asks me to...well...who am I?
If the entry is satisfied and Aucad decides to move in this direction, we might see Audcad dropping below 1.0000.

On the other hand, if the aforementioned resistance reversal zone is broken upward with a strong momentum, the scenerio will be invalid and we could see this pair soar to 1.0254.

The analytical chart below explains more

Please let me know if this blog has been helping someone by your comments and you can also contact me if you need a trading partner,mentor or fund manager

Facebook- sanmi Adeagbo

Twitter- Forexelyte

Phone no: (234)08134820569

OPEN A LIVE ACCOUNT WITH MY PARTNER BROKER AND ENJOY 60% BONUS, 1 YEAR FREE SIGNALS AND MENTORSHIP

Monday, June 2, 2014

I was going out this morning expecting to come back and see signals for Eurnzd sell. None of my entry strategy rules was satisfied.

I flicked through other pairs when I saw a nice opportunity to ride Usdcad. I bought more lots than I usually do because of the small volatility of this pair

It paid out well as my first TP was hit and the second was about to

*While I expect this pair to rise higher, there are two barriers - 0.09100 and the NFP.With profit locked and more to come before Friday...I can say '' BRING ON THE NFP''***

Sunday, June 1, 2014

If you have been following this blog closely, you would have noticed that this pair has not yet reached the minimum projection level for wave 5 mentioned on 29th April ( read here) .

The wave 5 move started strongly expectedly didn't go straight to hit 1.56s and below, which are the projected levels.

Presently, we have an abc 61.8% gartley zig-zag correction pattern resting on a strong resistance and with D1 formed a pin and a doji candles at this level, it's not poor thinking that Eurnzd might soon fall and 1.55s are the targets.
An aggressive trader might want to sell from here while a conservative one would wait for a break of 1.5935 support formed by the up trendline on 4H.
I will wait for my entry parameters before activating a sell and take profits at 1.5780 and 1.5550.

Please let me know if this blog has been helping someone by your comments and you can also contact me if you need a trading partner,mentor or fund manager

E-mail-sanmiadeagbo@yahoo.com
Facebook- sanmi Adeagbo
twitter- Forexelyte
Phone no: (234)08134820569

My Result for the month of May

Total number of trades: 9
Won trades: 5
Half winner: 1
Lost trades:2
Breakeven: 1

Results in pips:

Won trades:
Gpbaud: +350pips
Audnzd: +150 pips
Eurnzd: +250 pips
Euraud: +200pips
Gbpusd: +120 pips
Total pips: +1070

Lost trades:
Audnzd: -25pips
Usdchf: -75pips
Gbpaud: -1pip ( break even)
Total pips lost: -101pips

Net pips: +960pips

Running trade: UsdJpy closed half trade with 45pips, second part running at breakeven

I hope next month will be better than this

Monday, June 9, 2014

NzdYen Outlook

This pair if forming clear wave patterns. we recently have a bullish retracement which could be the end of Wave-4.

The speculated end of Wave-4, which is supported by a strong resistance formed by the confluence of horizontal and diagonal trendlines, should make us prepare for southern move below the low of wave -3.

We can take profits at different prices if the bearish move is actualized.

The Analytic Chart below speaks what I have in mind better.

Facebook- sanmi Adeagbotwitter- Forexelyte

Phone no: (234)08134820569

Cable bearish look

Cable's drastic bullish move which started on 21st March ended with more than 500pips at 1.6995.

The price has since taken a correction to the downside with beautiful swings at good levels.

The present bearish move could still continue till 77.8% retracement of the bullish move at 1.6560-1.6600 before fresh bullish move could continue.

If price penetrates below 1.6468, the bears might be preparing to take over.Presently, price has formed an ABC zigzag Gartley pattern (50-61.8% fib-level) at a strong resistance formed by 2-diagonal trendlines.

Any move from this level to the downside will suggest that Wave-3 is not yet completed ( at least its minimum projection).

Going by this thought, it's not bad to speculate that wave 3 could occur at 1.6560-1.6600 which is a magnetic zone for price due to different projections that converge there.

A new buying interest should be expected there after we might have exhausted profits at different levels along the way.A break above 1.6850 will make this scenerio invalid and might force price to resume the bullish run.

Perhaps the analytic chart below can explain better to you

Wednesday, June 4, 2014

EurYen Analysis and Outlook

Those that sold this pair in late April and early May and stay long enough should be dancing ( I wish I was one of them). A nice bearish move from Euryen.

Recently we are having a bullish correction push which could end at a major level for the bears to resume. Good and patient traders that are not in any position in this pair will be waiting. Yours sincerely is one of those people.

This pair, presently is trying to break the Resistance 140.00 and we can see some pins forming around there.

I see the big picture at 141.00- 140.50 level. This level will complete a deep bat harmonic pattern and together with the strong bearish resistance trendline, we have a magnetic CONFLUENCE area.

We might not be able to know correctly where this reversal will be but we can predict possible levels, lay AMBUSH and act accordingly

I will wait for a bearish signal at this level and pull the trigger when I see something convincing enough. If this should happen and the bearish move resumes, then we can host a party of Euro and Yen pips and ride down , down and down........

Conversely, if price breaks the aformentioned level in high momentum, well the bull might take over and we can now re-analyse.

AudCad Analysis.

Of recent, this pair has been experiencing nice wave movements up and down. The medium term is bearish!

The recent upward push we are experiencing might be a correction after which the bearish move will resume.

There is a potential gartley forming under a strong trendline and a rough resistance, so the outlook is bearishPresently, market is looking like wanting to reverse from this level which could possibly happen but care should be taken before entry as there is room for more pips upward.

My entry strategy has not pushed me to sell yet and when it asks me to...well...who am I?If the entry is satisfied and Aucad decides to move in this direction, we might see Audcad dropping below 1.0000.

On the other hand, if the aforementioned resistance reversal zone is broken upward with a strong momentum, the scenerio will be invalid and we could see this pair soar to 1.0254.

The analytical chart below explains more

Please let me know if this blog has been helping someone by your comments and you can also contact me if you need a trading partner,mentor or fund manager

E-mail-sanmiadeagbo@yahoo.com

Facebook- sanmi Adeagbo

Twitter- Forexelyte

Phone no: (234)08134820569

Monday, June 2, 2014

BRING ON THE NFP

I was going out this morning expecting to come back and see signals for Eurnzd sell. None of my entry strategy rules was satisfied.

I flicked through other pairs when I saw a nice opportunity to ride Usdcad. I bought more lots than I usually do because of the small volatility of this pair

It paid out well as my first TP was hit and the second was about to

While I expect this pair to rise higher, there are two barriers - 0.09100 and the NFP.With profit locked and more to come before Friday...I can say '' BRING ON THE NFP''

Sunday, June 1, 2014

EurNzd Update

If you have been following this blog closely, you would have noticed that this pair has not yet reached the minimum projection level for wave 5 mentioned on 29th April ( read here) .

The wave 5 move started strongly expectedly didn't go straight to hit 1.56s and below, which are the projected levels.

My Result for the month of May

Labels

If price penetrates below 1.6468, the bears might be preparing to take over.
Presently, price has formed an ABC zigzag Gartley pattern (50-61.8% fib-level) at a strong resistance formed by 2-diagonal trendlines.

A new buying interest should be expected there after we might have exhausted profits at different levels along the way.
A break above 1.6850 will make this scenerio invalid and might force price to resume the bullish run.

There is a potential gartley forming under a strong trendline and a rough resistance, so the outlook is bearish
Presently, market is looking like wanting to reverse from this level which could possibly happen but care should be taken before entry as there is room for more pips upward.

My entry strategy has not pushed me to sell yet and when it asks me to...well...who am I?
If the entry is satisfied and Aucad decides to move in this direction, we might see Audcad dropping below 1.0000.

*While I expect this pair to rise higher, there are two barriers - 0.09100 and the NFP.With profit locked and more to come before Friday...I can say '' BRING ON THE NFP''***