Search BlogCatalog

1 result of 1Directory

5Waves

5Waves

http://5waves.blogspot.com

5Waves - The Home Of Elliott Wave Analysis Everythings related to Elliott Waves will be here: Forex, Gold, Oil, S&P Index & News.

Top 1 Shown

View All Results

10 results of 40Blog Posts

USDX : The One Chart to Rule Them All

Taichiseal Charts | December 20th 2009 by taichiseal

Last 77.82. (06Dec09 @ 75.70)Declining Wedge (DTL broken) => Downtrend over on weekly timeframe.Penetrated significant Dec08 Spike Bottom at 77.69 = Bullish.Objectives : 1st=79.63; 2nd=82.63.Buy any attempted pull-back towards 77.00. read more

Benchmarks : Weekly Update

Taichiseal Charts | December 18th 2009 by taichiseal

Whether current USD rally is just a temporary bear squeeze or start of a more enduring move remains to be seen. But as a technical trend trader, one has to assume it has more legs ... until it doesn't. (For eg. look at EUR/USD daily price action. Puk read more

USDX : Old Spikes ( 77.69)

Taichiseal Charts | December 18th 2009 by taichiseal

USDX = the one chart to rule them all. Last 77.81.Monthly : Above 77.69 = Back above Dec08 spike = Up. Potential huge piercing pattern this month.Weekly : DownTL broken at 75.38 = Strategy no longer to sell rallies but instead, buy dips. NY close ton read more

Trading the Dollar With USDX

welcome to forex business | December 16th 2009 by Sabir Hussain

The US dollar index (USDX) is an important analytical tool for traders in just about any market. The USDX is actually a futures contract which means that if you have a futures trading account you could trade this instrument like corn, oil, gold or cu read more

By User: Picture perfect Elliott Impulse in the USD Index

5Waves | December 14th 2009

Name: akshay chinchalkarElliott counting can't get better than this. We have had a 5 wave impulse from the bottom at 74.17, but the fact that we are in [3] cannot be confirmed until 2 things happen, 1) the market corrects in an ABC wave [2] and then read more

Benchmarks : Weekly Update

Taichiseal Charts | December 11th 2009 by taichiseal

Price action during the past week confirms a near term sentiment change towards a positive USD. Expect follow through next week given how one sided the market has been, but impact on equities not so clear. Better to keep things simple and express vie read more

Gold : All Roads Lead to Rome

Taichiseal Charts | December 8th 2009 by taichiseal

Yet another chart telling the same USD story that has been repeated ad nauseum here the past few days (Crude, EUR/USD, GBP/USD, USDX).Charts self explanatory. Potential evening star on weekly. Need a rally to close this week above, say 1165, to turn read more

USDX : Trend Change?

Taichiseal Charts | December 6th 2009 by taichiseal

Another attempt at bottom calling. Been a costly and painful exercise but we have to remain true to our methodology here. Will NOT be selective in deciding which trade signals to take or reject (Rule#5); only variable allowed is SIZE of risk.Weekly : read more

Benchmarks : Weekly Update

Taichiseal Charts | December 4th 2009 by taichiseal

Has the game changed? Certainly get a sense of that going by the price action last night. Good economic data, equities up (albeit closing way off intra-day highs), USD up (instead of usual carry trade driven down in response) + gold/commodities down, read more

Benchmarks : Weekly Update

Taichiseal Charts | November 27th 2009 by taichiseal

Very resilient bulls. Dubai brushed aside as a blip, with long buying tails (hammers) evident on a lot of daily charts = yesterday's Asia/Europe price action is only a retracement. Nevertheless, significant technical damage has been done to a few key read more

Top 5 Shown | View Next 5 results

View All Results

10 results of 35Social Search

Top 5 Shown | View Next 5 results

View All Results