Currency Trading - FOREX USDCHF
Elliott Wave Usd/Chf 1 Hour Chart
Friday, 25 November 2011 at 6:55:00PM AEST
Usd/Chf is breaking through the previous highs at 0.9235 which should send prices up towards 0.9300 region. Notice that current price is also testing the upper resistance line of a trading channel which if broken will confirm a wave (iii) acceleration of an impulsive count.
If we are on the right track, then price must now remain above 0.9181, but more importantly, above 0.9151 support!

Elliott Wave Usd/Chf Chart

Elliott Wave Usd/Chf Forex Curreny Trading

Forex EURUSD 1.3226
Currency Trading Euro
TradingLevels EURUSD: As you know the 1.30 is the MinorLevel and 1.31 | 1.32 | 1.33 is SubGroup1 (SG1) and the price is in SG1 now and when a price is trending down into any Group1 it will bounce around within the SG1 levels and that it’s what we are seeing and will continue to see. So we will basically see a corrective pattern emerge in SG1 with 130 as support. This can be confirmed with the US Dollar at 80 TL8, understand this helps adapting your strategy to this environment
Elliott Wave EURUSD: The last 13568 high, we are tracking an impulse wave down (five waves) down into SG1 roughly 132 once this five wave is complete then the normal abc counter trend will unfold, the norm is 61.8% which is back at the 134 area? The euro can have shallow retracement levels. If the top of SG1 133 develops support then we have to look at the 134 my guess would be the 13372. The second element is the US Dollar at 80 and the support and the wave pattern for the US Indices, this support hasn’t started yet so it’s a little difficult to measure just yet, but we will get to that.
Trading Strategy EURUSD: Apart from scalping the sublevels, the main strategy is the Monthly Weekly and Daily Robo short. With the Levels expect a bouncy support above 130 and once the 130 becomes the resistance look to add to short positions but in-line with Robo entries

CFD Trading Strategies Forex Elliott Wave EURUSD

Elliott Wave EURUSD 1.3080
TradingLevels: From a tradinglevels perspective the current pattern at 131 is an ‘Overshoot’ pattern, simply meaning the price did not react a 131 on arrival it over shot it and the distance it overshot is the distance it will roughly fall back this is normally the first of more swings and the point being is that once it stops swinging and finds the 131 as support or resistance is where you pick up the direction, the swings will diminish into 131. The Elliott wave  has an ending structure just above the 131, however you can use the tradinglevels to confirm and position your trades in a much safer way, it is nice to have the Elliott and the levels in the same direction, however when it comes to putting money down you are safer working off the levels as support or resistance because you are working with the volume and the psychology
Elliott Wave: Wave (iv) should be completed now above the 131 however the US Indices have further to push up…
Trading Strategies: if you were long on the 13030 SG1 then you have caught the trend up, but you would have also scaled out at SG2 and 131… and now waiting to see if the Wave (iv) is completed or is there further upside, either way you would monitor the unfolding price action across 131 to develop as support or resistance, if it is support then use SG1 if its resistance use SG2

Forex
US dollar sharply lower across the board, as stocks drift higher as Housing Starts rise much higher than expected, up 9.3% in November. Many pairs are approaching their critical levels on the 4h charts; Usd/Chf lower, Cable higher and so on..... All eyes on the Aud/Usd now for even higher levels, as S&P shows more and more evidences of a low. A bullish close on the Wall Street today will be a confirmation.

Forex US Dollar: 81.45
Technical Analysis:
Day Trading   TradingLevels: Minor Group1 (MG1 {81|82|83}) it is important to understand while the price is in MG1 it is still part of the next degree higher that is the MajorLevel TL8 | 80.00 only when the top of Group1 83.00 is the support that the price is free of TL8.
Being inside Minor Group1 offers a variety of trading opportunities, however you need to be clear on what you’re doing, there are some basic strategies that can be applied, not some much as to different time frames but to different degrees of structures and in this case there the basic structure apart from the MajorLevel TL8 and the Microlevels, the MinorLevels and Sublevels (SubMinor) are the degree of structure you would start planning your trades out and there are rules how to use the levels, they are the same  throughout all the degrees of structures.
In the Minor Levels (MG1 {81|82|83}) the 1 is the strongest number and the 2 is the pivot for Group1 and Group1 has its rules and characteristics depending if you’re going long or short through the Group or if your scalping the sublevels then the normal tradinglevels rules apply
Elliott Wave: The move down to 81 (mTL1) is wave a or I any bounce off 81 is wave b or ii.  Because the price is still trapped in MG1 we have to be open to a larger corrective pattern across 80. That said the Pound and Euro have long term trends down so any larger corrective pattern at 80 would be sharp and short

Forex US Dollar: 81.45
Technical Analysis:
Day Trading   TradingLevels: Minor Group1 (MG1 {81|82|83}) it is important to understand while the price is in MG1 it is still part of the next degree higher that is the MajorLevel TL8 | 80.00 only when the top of Group1 83.00 is the support that the price is free of TL8.
Being inside Minor Group1 offers a variety of trading opportunities, however you need to be clear on what you’re doing, there are some basic strategies that can be applied, not some much as to different time frames but to different degrees of structures and in this case there the basic structure apart from the MajorLevel TL8 and the Microlevels, the MinorLevels and Sublevels (SubMinor) are the degree of structure you would start planning your trades out and there are rules how to use the levels, they are the same  throughout all the degrees of structures.
In the Minor Levels (MG1 {81|82|83}) the 1 is the strongest number and the 2 is the pivot for Group1 and Group1 has its rules and characteristics depending if you’re going long or short through the Group or if your scalping the sublevels then the normal tradinglevels rules apply
Elliott wave The move down to 81 (mTL1) is wave a or I any bounce off 81 is wave b or ii.  Because the price is still trapped in MG1 we have to be open to a larger corrective pattern across 80. That said the Pound and Euro have long term trends down so any larger corrective pattern at 80 would be sharp and short.