Major Indices, TTP

Hi Traders,

Before getting into this Comparative Analysis of the Major Indices, check the Elliott Wave Bootcamp in SYDNEY.

THURSDAY Nov 14: ELLIOTT WAVE BOOTCAMP in Sydney (8 hours for $650).

Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADER". Hosted in the premises of City Index in Sydney.

If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

• click on "HERE" to be re-directed to a Payment Gateway.
• for further information call Richard Vatner at City Index Sydney: 02 9270 3618.

DESCRIPTION

• Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.
• Spot the major turning points.
• Identify profitable long running trades
• Identify and avoid bad losing trades
• Keep your trades running for as long as needed 
• To successfully master the "Wave Oscillator" to identify safer entry/exit points.
• Spot the major turning points.
• Identify profitable long running trades
• Identify and avoid bad losing trades
• Keep your trades running for as long as needed 

If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

• click on "HERE" to be re-directed to a Payment Gateway.
• for further information call Richard Vatner at City Index Sydney: 02 9270 3618.

...

MAJOR INDICES: TTP

Apologies but I won't display the usual charts as there are far too many charts to work on.


I checked 4 indices: DJ30, FT100, S&P500 and SPI200 and we seem to have a common Time Turning Point this month, possibly  between Mon Nov 18 and Fri Nov 29. 

If this analysis is correct, this might be an important top. It should be the top of "major wave 3" in the weekly chart (not displayed).

Hence, a major retracement might follow to form "major wave 4" over several weeks following this top.

"Major wave 4" usually take the shape of an a-b-c-d-e, meaning that it might last for quite a while.

Hence, be very careful for the rest of the month and use the "Wave Oscillator" to spot this turning point if it occurs.

I'll keep you updated.

WTI OIL, almost there

Hi Traders,

Before getting into the analysis of WTI OIL, don't forget my Elliott wave Bootcamp in SYDNEY.

THURSDAY Nov 14: ELLIOTT WAVE BOOTCAMP in Sydney (8 hours for $650).

Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADERS". Hosted in City Index Sydney.

If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

• click on "HERE" to be re-directed to a Payment Gateway.
• for further information call Richard Vatner at City Index Sydney: 02 9270 3618.

DESCRIPTION

• Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.
• Spot the major turning points.
• Identify profitable long running trades
• Identify and avoid bad losing trades
• Keep your trades running for as long as needed 
• To successfully master the "Wave Oscillator" to identify safer entry/exit points.
• Spot the major turning points.
• Identify profitable long running trades
• Identify and avoid bad losing trades
• Keep your trades running for as long as needed 

If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

• click on "HERE" to be re-directed to a Payment Gateway.
• for further information call Richard Vatner at City Index Sydney: 02 9270 3618.

...

THE ANALYSIS: WTI OIL

The WTI OIL (now at 96.60) did exactly as predicted and it's moving to target area around 95.00-94.79.

After hitting the new low it should start a new uptrend that might take it to the area 104.00-104.31 (see weekly chart).

  
TARGETS

First: 95-94.79

then 

likely: 98.88-99.22
possibly: 101.72-102.07
maybe: 104.00-104.31

ELLIOTT WAVES

The weekly chart shows that this is the first leg down of wave 4.

A pullback is expected to 104-105. This might be followed by another leg down to form an "a-b-c" ending around level 91.00.

NOTE

However, if the oil doesn't perform a zig-zag (a-b-c), it might stretch straight to the area 112-115 (weekly chart).






Monthly chart, click to enlarge

Weekly chart, click to enlarge

 Daily chart, click to enlarge

Wave oscillator applied to the daily chart, click to enlarge

4-hour chart, click to enlarge

wave oscillator applied to the 4-hour chart, click to enlarge

1-hour chart, click to enlarge

wave oscillator applied to the 1-hour chart, click to enlarge

GBPUSD, double top

Hi Traders,

Before getting into the analysis of GBPUSD, don't forget to REGISTER FOR THE 2-HOUR ELLIOTT WAVES FREE SEMINAR IN SYDNEY TOMORROW.

• Thursday 31 October - Free SEMINAR (6-8pm, Sydney time) or check the button (next free seminars)

All this powerfully organised & hosted by the mighty City Index in Sydney.

At the Seminar you will have a fair idea of "How to":

• recognise & label each wave properly
• predict the direction of new trends
• correctly identify the starting point of new trends
• determine targets
• identify Entry and Exit point in daily, 4-hour and 1-hour charts.

Your approach to trading will change forever. This is a chance NOT TO BE MISSED to get a true insight of Elliott Wave Trading. 



TO BE SURE THAT YOU GET YOUR SEAT call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message.

ANALYSIS: GBPUSD

The Pound (now at 1.6050) displays a double top in the daily chart that should take the pair to the area 1.5706-1.5692. Be aware that in the very short term (1-hour chart) it might bounce back to the area 1.6097-1.6109 or higher.

That should be your entry point to the target far below.

TARGETS:

first to: 1.6097-1.6109
then
likely:  1.5706-1.5692
possibly: 1.56
maybe: 1.5542

ELLIOTT WAVES:

The GBPUSD is in a uptrend and performed 3 waves up (out of 5). The one it's performing now is the retracement wave 4. Hence, don't expect the Pound to move down in one go.

If this analysis is correct, it will display 3 to 5 waves down (a-b-c or a-b-c-d-e).

NOTE:

I'm under the impression that the BOE entered with an heavy hand around 1.6260. However, it should leave the market alone as long as the pounds keeps dropping.

monthly chart - click to enlarge

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over the daily chart - click to enlarge

4-hour chart - click to enlarge

wave oscillator over the 4-hour chart - click to enlarge

1-hour chart - click to enlarge 

wave oscillator over the 1-hour chart - click to enlarge

WTI OIL

Hi Traders,

Before getting into the analysis of WTI OIL, don't forget my webinars and seminars this week.

• Monday 28 October - Free Webinar (8-9pm, Sydney time) or check the button (next free webinars) 

• Thursday 31 October - Free SEMINAR (6-8pm, Sydney time) or check the button (next free seminars)

All this powerfully organised & hosted by the mighty City Index in Sydney.

At the Seminar you will have a fair idea of "How to":

• recognise & label each wave properly
• predict the direction of new trends
• correctly identify the starting point of new trends
• determine targets
• identify Entry and Exit point in daily, 4-hour and 1-hour charts.

Your approach to trading will change forever. This is a chance NOT TO BE MISSED to get a true insight of Elliott Wave Trading. 

TO BE SURE THAT YOU GET YOUR SEAT call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message. 

...

THE ANALYSIS: WTI OIL

The WTI OIL (now at 97.90) stopped right on a major support. However, it might set another attempt to drop to the 95 area before starting the new uptrend.
  
TARGETS

First: 95-95.90

then 

likely: 98.60-98.88
possibly: 101.72-102.07
maybe: 104-104.31

ELLIOTT WAVES

Although the daily chart displays 5 waves down, the 1-hour chart shows only  wave 4 (in red), stating the need of wave 5 and a new low (or a double bottom). Then the new uptrend should start.

NOTE:

The 1-hour chart also displays a double bottom and a reversal candlestick but those patterns may not be enough to justify a new uptrend straight away.

If this analysis is correct, we still need this little 5th wave downwards (in the 1-hour chart) before starting the new uptrend.

Weekly chart, click to enlarge

 Daily chart, click to enlarge

Wave oscillator applied to the daily chart, click to enlarge

4-hour chart, click to enlarge

wave oscillator applied to the 4-hour chart, click to enlarge

1-hour chart, click to enlarge

wave oscillator applied to the 1-hour chart, click to enlarge

AUDUSD perfect entry

Hi Traders,

Before getting into the analysis of AUDUSD, don't forget my webinars and seminars below.

• Monday 28 October - Free Webinar (8-9pm, Sydney time) or check the button (next free webinars) 

• Thursday 31 October - Free SEMINAR (6-8pm, Sydney time) or check the button (next free seminars)

All this powerfully organised & hosted by the mighty City Index in Sydney.

At the Seminar you will have a fair idea of "How to":

• recognise & label each wave properly
• predict the direction of new trends
• correctly identify the starting point of new trends
• determine targets
• identify Entry and Exit point in daily, 4-hour and 1-hour charts.

Your approach to trading will change forever. This is a chance NOT TO BE MISSED to get a true insight of Elliott Wave Trading. 

TO BE SURE THAT YOU GET YOUR SEAT call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message. 

...

THE ANALYSIS: AUDUSD, perfect entry

Hi Traders,

The AUDUSD (now at 0.9620) seems to have completed 5 waves up, closing  perfectly within the range target calculated with the method of the Fibonacci Queen (in the 1-hour chart). The pair seems to have started a new downtrend.

TARGETS

Likely: 0.9532-0.9511
Possibly: 0.9220
Maybe: 0.91.94-0.9187

ENTRY

It shouldn't bounce back up. Theoretically any entry is good as the 1-hour wave oscillator is shorting already. 

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over the daily chart - click to enlarge

4-hour chart - click to enlarge

wave oscillator over the 4-hour chart - click to enlarge

1-hour chart - click to enlarge 

wave oscillator over the 1-hour chart - click to enlarge

AUDJPY, new downtrend

Hi Traders,

Before getting into the analysis of AUDJPY let's check some news.

I'm running some free webinars and free seminars (see below). To register click the links below.

OCTOBER CALENDAR

• Monday 28 October - Free Webinar (8-9pm, Sydney time) or check the button (next free webinars) 

• Thursday 31 October - Free SEMINAR (6-8pm, Sydney time) or check the button (next free seminars)

All this powerfully organised & hosted by the mighty City Index in Sydney.

At the Seminar you will have a fair idea of "How to":

• recognise & label each wave properly
• predict the direction of new trends
• correctly identify the starting point of new trends
• determine targets
• identify Entry and Exit point in daily, 4-hour and 1-hour charts.

Your approach to trading will change forever. This is a chance NOT TO BE MISSED to get a true insight of Elliott Wave Trading. 

TO BE SURE THAT YOU GET YOUR SEAT call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message. 

...

FINALLY

The trading account opened on 16/10/13 (where I place some of the trades I suggest):

New Equity: +$284.9

Unrealized: 0.00

...

THE ANALYSIS: AUDJPY, new downtrend

Hi Traders,

The AUDJPY (now at 93.60) just started a new downtrend that might take it to the area 91-90. This was triggered by a double top in the 1-hour chart. 

TARGETS

Likely: 92.12
Possibly: 91.66-90.90
Maybe: 90.00

ELLIOTT WAVES

The AUDJPY is still in a major uptrend as displayed in the weekly chart but the pair completed 5 minor waves that constitute wave 1 up (in blue). Hence, it started the correction wave 2 that should take it to 92-91.


NOTE: The "wave oscillator" just confirmed the entry in the 4-hour chart. However, there could be a pullback to 94-94.2. That should be your ideal entry point.

    

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over the daily chart - click to enlarge

4-hour chart - click to enlarge

wave oscillator over the 4-hour chart - click to enlarge

1-hour chart - click to enlarge 

wave oscillator over the 1-hour chart - click to enlarge