Sunday, January 31, 2016

Elliott Wave analysis of Crude Oil, Gbpjpy and Usdcad

The video below shows the weekly analysis of Crude Oil, Gbpjpy and Usdcad.

Position yourself for the week.




To view and download our trading result of the last 3 months.
 Click here

Trading Result

Forex Sniper Signal Service started late October 2016.
In the first three months , we have made more than 4000 pips and have averaged a 81.8% winning ratio.

Please click the link (date) below to view/download the result

1. Late October 2015 to January 2016         Result:   4424 Pips

Saturday, January 23, 2016

Trading Result on Gbpchf and Eurgbp: 18th - 22nd JAnuary 2016


In the last post, there was an expectation for a diagonal bullish turn-back at a specified level. The last leg was expected before the move. Price did exactly as we forecast and we took a bullish position.

You can watch the video below to see how we took the trade with Eurgbp. You can subscribe to any of our services . Just click on the home page menu tabs.





Monday, January 18, 2016

Intraday Analysis: Gbpchf

In the last two videos I updated, I noticed that Gbpchf is in the process of a 5-wave impulse bearish move after breaking out the long term ending diagonal in the article titled All Eyes On Gbpchf

The 5th wave of this impulse wave appears to be an ending diagonal as seen in the chart below.




If price completes the leg and breaks above the ii-iv connecting resistance trendline as shown in the chart above, there will be a good buying opportunity . Price will be expected to move towards 1.4800 level.

Price is expected to be supported by 1.4160. A break below will make this forecast invalid.

Join my online elliott wave mentorship/training . To learn more click here
To get trading tips, analysis and signal mail Forexmaster05@yahoo.com

Monday, January 11, 2016

Weekly Elliott Wave Analysis (11/01/2016)

The elliott wave intraday and long term forecast and analysis of Gbpchf, Audchf, Euraud, Gold, S&P 500, Usdcad, Crude Oil, Dax 30, Eurgbp, Usdjpy





Friday, January 8, 2016

If You Decide To Learn: Join Us


Online trading is fast becoming one of the most popular businesses that can be done on the INTERNET.

Despite the risk involved in it, the daily trading turnover is getting more huge and more people are getting involved in the act.

Over the years I have come to discover that, to win in Forex, Commodities or any other financial markets, there is a need to learn and learn.

Winning starts by identifying no-nonsense high probability trades and having the patience to run them through.

Winning is not about the number of trades, rather the number of quality trades and the patience and discipline to execute them.
One other thing__ good money management.

This blog, if it has shown anything, has proved that Elliott wave theory is the best markets forecasting tool- not just that- and also provides opportunities to trade high probability trade set ups with well defined entry, targets and exit levels.

Click here to learn why you need to learn Elliott wave theory .

Let's look at a few of Elliot wave patterns that were posted on this blog.

Just recently, we spot an ending diagonal pattern on Gold daily chart. The diagonal was clearly formed at a well measured convergence point.

The article titled Gold Rally is imminent; how prepared are you? was posted on 21st december





Price has since risen to 1102 from 1065.85 (about 400 pips) is a move that is expected to continue upside.
If you read the whole article, you'd see that the diagonal pattern we traded was in line with the general expected price movement.

As price is expected to surge higher, we provided an alternative in the article titled Gold Expected Rally; An alternative view.

We are still on diagonal pattern.

#Gbpchf

The chart below was posted as part of our analysis on Gbpchf titled Gbpchf: The Long Term View










The diagonal pattern was not yet complete and we made a forecast of what is required for the completion.
Of course, price moved exactly as we wanted.

The pattern completed at the region we forecast and what next? We sold and send trade recommendation to our subscribers.

The chart below shows how price responded to the pattern formation.




We made 700pips out of this move risking only 280pips. Is this for real? Absolutely!

Let's look at another interesting diagonal we traded.

#Gbpjpy and #Usdjpy.

Infact, if you have followed all the diagonals we discussed, your accounts should be smilling.

Read articles that show the power of the diagonal. Please take your time and check what happened after the formation on your chart.
Here we go:

On 13th August 2015. An article titled Gbpjpy: When will the bears take over?

On August 23, 2015. Read article titled What drive the diagonals?

At a time , we were posting intra day analysis of some currency pairs. Look at how we follow the price till we get a diagonal and how price reacted to it. Click here

What about Euraud rally after the diagonal.... an article posted on 8th June 2015

.....and an intra day ending diagonal on Gbpusd trade on  22nd February 2015

Before I go; what about the recent one we sent on Audnzd?... Are you among those that received the signal?

Read it here

Massive...right?

Let's look at another pattern...The Zigzag

The ones that easily come to my mind are the recent ones on AudJpy and GbpJpy (double zigzag)


#AudJpy


This was spotted on AudJpy on December 2, 2015. The x wave was a clear zigzag pattern, though we didn't zoom to a lower time frame to show its constituent waves.



We sent the signals to our subscribers. The pattern was clear and price respected it.



GbpJpy was more interesting. We forecast the  pattern and the requirements for us to consider a sell trade. Price did exactly as we have forecast and BOOM!...... Our subscribers enjoyed this most.



The good thing is the risk/reward ratio, we only risked 280pips.

There are so many zigzag and double zigzag patterns we mentioned on this blog.

Just type 'zigzag' or 'zigzag pattern' in the blog's search box at the top right and read many other zigzag patterns. Read the requirements and if price responded. Where price responded, check the outcome on your chart.

Elliot waves theory has 5 core tradeable patterns.
Others are
Triangles... Read our exploits on Eurusd on 4th August 2015 (click the date to read)
The flat pattern. Example is the Usdcad buy set on 27th October 2015

and  the non-overlapping 5-wave pattern generally known as Impulse wave ( probably the most popular elliott wave pattern)
An example... read the forecast on June 22 2015 and the outcome on July 13, 2015

Impulse wave appears most frequently. I am just too lazy to bring our many examples for you.

If only one can be patient for these patterns to complete, they are very reliable.

Why You May Want To Consider Trading Elliot Wave Patterns

1. They are very reliable if all the rules and guideline are kept. Are they perfect? No. The winning ratio is at an average of 70% i.e you will win 70% of your trades if you can recognize 'textbook-like' clear Elliot wave patterns like the examples I gave above.

2. They can compliment other trading systems like Price Action, Chart patterns and harmonic patterns.

3. They can be confirmed by your set of indicators to give you more confidence.

4. Minimum risk/reward ratio is 1:2. You will always win more dollars when you win than the dollars you lose in a losing trade provided you risk a fixed dollar value for each trade.

5. Elliot wave patterns are best traded at demand and supply levels so support and resistance traders will find them useful.

6. If you go further in the study , Elliot wave theory can be used as a forecasting tool for any market, be it commodities, currencies, energies, stocks, indices, real estate, Etfs or strategies that can be used to trade options, binary options e.t.c

7. They can be used for long term, swing and intra day trades. I do more of long term and swing. They are perfect for intraday trades as  well.

In fact, every serious trader should learn how to trade with Elliot wave theory.

Okay, enough of story.

I have put together, a 2-month Elliot wave mentorship programme for you in which I will reveal how I trade elliott wave patterns.

The mentorship will not teach you the in depth, confusing and complex academic Elliot wave theory. It will simply be about how to recognize no-nonsense high probability elliot wave patterns in any market and time frame.

How you can use elliot wave theory as a simple trading system i what you want, isn't it?

The outline of the mentorship course is highlighted below.

1. Basic tenets of  Elliott wave theory (EWT)
2. Rules and guidelines
3. The 5 core Elliott wave patterns briefly.
4. Trend Patterns in details (with rules and guidelines)
5. Corrective patterns in details (with rules and guidelines)
6. Fibonacci ratios in price and time
7. Ratio relationship of trend patterns
8. Ratio relationship of corrective patterns
9. The role of support and resistance and trend line analysis in support of Elliott wave patterns.
10. Reversal signals with candlestick patterns and indicators.
11. Momentum analysis and divergence.
12. How to trade the 5 patterns
  • Specific entry levels
  • Profit targets
  • How to set stop loss
  • How to exit a trade
  • How to adjust stop loss with respect to market conditions
  • How to take sequential profits
13. Money management/ Risk/reward ratio
14. Relationship between Elliot wave patterns and harmonic patterns and how to use them together.
15. How to use Elliot wave to confirm chart patterns

And many more.

At the end of the 2 months programme, you will have gained the better knowledge of the markets and how to wait for the right set ups.

You will learn how not to panic.

Duration: 2 Months

Starting date: February 25, 2016
 

How The Training Will be delivered
1. The outline is broken down into small pdf notes and video tutorials (recorded by me). lectures will be delivered 4 times a week. Weekends for questions and answers

2. For each lesson, there will be examples from past and present price charts. For each lesson taught, all participants and I will brainstorm with many examples from the chart until the lesson is nailed.

3. Assignments will be given to all participants to label random charts and identify inherent trading opportunities.

4. Participants will learn how to use Mt4/Mt5 analytical tools for easy analysis.

5. I will ensure to answer all questions in the best way I can.

6. Training will be delivered through a secret Facebook group

7. Many more discoveries I plan to reveal and those I will end up sharing in the course of the programme.



MATERIALS FOR ALL PARTICIPANTS: 

The best of elliot wave materials from R.N Elliot, other pioneers and researchers of elliot wave principles and some of my latest discoveries (unpublished).

Cost:  #25000  or  $150

 

How To Register

1. Send an interest message to forexmaster05@yahoo.com or to +2348134820569.

2. You will receive the payment details

3. Make payment and notify me.

4. Once your payment is confirmed, details on how to start the training will be sent to you.

 

 

You can contact forexmaster05@yahoo.com for one-on-one online training mentorship on  elliot wave or for signal subscription.

 


Forex Sniper Signal service is launched on Facebook. Please like and follow.

 

Thanks.

Sanmi Adeagbo

forexmaster05@yahoo.com

+2348134820569






Wednesday, January 6, 2016

Gold Expected Rally: An Alternative View.

On 21st December, 2015, we posted a forecast on an expected Gold rally. We quoted thus:

Gold might still fall in the future to $671.11 after an expected rally to $1450-1500 price levels
 This view was supported as a result of a clear 5-wave impulse wave from $1920.50 which was expected to be supported above $1000; and was labelled as a clear 5-wave.
We posted this chart.



The 5th wave is an ending diagonal pattern formation . It can be seen in the daily chart below as we have posted in the analysis.



Read the full analysis here.

Price is expected to rally and if it breaks the demand trendline of the diagonal, it will be expected to soar to $1399 and above.

Price will be expected to rally, if the diagonal is completed, in a motive wave.

Meanwhile, we have an alternative view.
Can price rally a bit and then dip further below $1040?... Yes it is possible.

The chart below shows a clue.




It can be seen from the chart above that the first four waves of the diagonal are typical 3-waves corrections. The 5th wave can form the same pattern- rally in corrective waves and fall to be contained by $1000.



The chart above is the hourly chart which shows the first leg of a probable 3-wave 5th leg of the diagonal. A rally up and then a dip down will be expected if the rally is corrective.

The first four waves of a diagonal are usually 3-wave drives, the 5th wave could either be motive or corrective.

Price itself will prove which of these scenarios will hold.

Our subscribers are already in a buy position since december and we are watching closely to see how price reacts if a bit of rally will happen or a total breakaway.

Like our Facebook Signal page

To join the next elliot wave mentorship programme, coming up on 25th February 2016, send a mail to Forexmaster05@yahoo.com
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