Saturday, August 8, 2009

07th August




New Positions:
  • CHFJPY long
Closed Positions:
  • E-Mini S&P 127 Points
  • AUDJPY 850 Pips
  • AUDUSD 400 Pips
Have a look on both e-mini s&p screenshots:
  • The first one has only a TS4 signal because the initial wave was caluclated from the extreme bar on the 5th of june, "only" 80 Points Profit
  • The second one has a nice Ts3 signal because the initial wave was chart calculated from the 15th of june (using both contracts june and september), this one has archived 127 Points today at the 3rd target
Conclusion: Elliot Wave is just a concept no sound trading system, if prices are falling this much, people are willing to buy with this much back. The time when prices are really falling and when they have reached an extreme can not be clearly identified buy looking at daily high and low prices of one instrument. The volume plays an important role when identifing extreme swing points. Therefore make sure you always make your analysis with a chart that has the highest volume on EVERY bar.

Thursday, August 6, 2009

06th August

  • EURJPY +680 Pips

Wednesday, August 5, 2009

05th August

New Positions:
  • USDCAD long with 1,1856 target a 1080 pips rally

Tuesday, August 4, 2009

04th August



New Positions:
  • USDCHF short with the 1,0354 target
  • GOLD long with target 880 $
  • CADJPY long with the 90,80 target a 1000 pips rally

Monday, August 3, 2009

03rd August

  • USDCHF long -70 pips (counter trend ts4 signal did not reach the target, but at least 200 pips MFE)
  • USDCAD short +50 pips (broke stop so counter trend till manual dp target)

  • EURUSD short -70 pips (smart entry with lower risk also did not pay out)
New Positions:
  • GBPUSD long (broke stop of potential short setup)

  • EURUSD long (broke stop of potential short setup, therefore long again with the 1,463 target)