CFD Trading Report Gold 1 Hour Chart
Friday, 9 December 2011 at 7:15:00PM AEST
Elliott Wave Theory
Gold fell sharply in recent sessions, about we warned 24hours back.A fall from 1756 is clearly impulsive, so it must be part of some larger bearish structure, which should continue once wave ii is done. But before weakness will continue, we want to see pull-back for at least 38.2% compared to wave i.

Currency Trading US Dollar CFD Trading Strategy Elliott Wave

Dollar Index 4 Hour Chart Elliott Wave
-corrective pull-back
On dollar index we are still monitoring a corrective, incomplete price action in wave 2, as recovery from Nov 30 appears to be very slow and choppy, so its probably just another corrective leg of wave 2. Our latest interpretation for wave 2 is a flat correction, currently in (b) wave with wave (c) yet to come.

Currency Trading US Dollar

Technical Anlaysis: Elliott Wave Gold CFD Trading Report
Gold 1 Hour Chart
Tuesday, 13 December 2011 at 6:40:00PM AEST
Elliott Wave, Gold was sharply lower yesterday, with a very strong momentum, so we suspect that a recent fall was a third wave price action. So if that’s the case, then we know that further weakness should be seen, as current recovery is just a wave iv pull-back, which will ideally find a top around 1670 area. From there intra-day traders will look for a fall on the short side again, while market trades below 1703.

Gold 4 Hour Chart
Tuesday, 13 December 2011 - downtrend acceleration

A strong Elliott Wave acceleration has occurred yesterday after the support line of a corrective channel from September lows was broken. we can see A very sharp move here, which has a personality of a third wave. As such, it seems that we are in wave (C) leg headed now towards 1530. Short-term critical region is at 1724!

GOLD Daily Chart
11 December 2011  Gold - looking for a fall into 1530 area

We believe that Elliott Wave  top is in place on gold, after an impulsive fall from 1920 followed by a corrective rally from 1530, which already shows first signs of completion around 1800 zone, labelled as wave (B) on the chart! Notice that prices found the resistance in the past few weeks at 61.8-78.6% retracement area, which is also a very typical Fibonacci reversal zone. A break of 1662 will be trigger for wave (C) weakness into 1530 zone!

Code: SPI CFD / ASX200 XJO
Date: 16 December
Chart: 1 hour Chart
Looking for another low into 4100 then a bounce.
Trading be on the right side of 4150
EarlyBird Report Comments:
SPI CFD 4150
TradingLevels: The 4200 is the pivot within Minor Group1 and while the price is under this then the bias is weaker and above as support we would need to be long. From that we can continue to break bias down to the point within your trading time frame, if you’re a sublevel trader you would consider the 4100 as support and the 4150 the Midpoint you would simply be long or short from this number, drilling down you would look at the pattern and volume at the midpoint, you would use your skill of pattern recognition including your understanding of the retest checking the price and confirm that with the volume, then you would scale in accordingly and you know the levels where you have to exit.
Elliott Wave: There are two counts as mentioned in the DJI SP500 but also consider the Elliott wave count on the AUDUSD because the current price on the ASX200 SPI has support off the 4000, so long trade are fine too, you just need to know the price that’s supports the market in your trading time frame you can’t trade without know that price
Trading Strategy: While the price is under the 4172 SG2 the pressure is down, the Midpoint is next, the move up off the 4100 appears to be corrective (three waves) but its early yet. It’s all about the Midpoint being long or short from this price point.

Elliott Wave EURUSD 4 Hour Chart
Tuesday, 31 January 2012 at 5:33:00PM AEST

-impulsive recovery

Elliott Wave Eur/Usd is still supported by Long traders, now testing 1.3200 resistance area. We are monitoring an impulsive rise of a red wave A), which however is still not showing us any strong signs for a top in place and potential wave B) weakness.

As already said many times in the past week; "current trend remains up as long as price trades above lower support channel line"! Next stop for wave A) will be 1.3300 if highs from Friday will give way.

Elliott Wave: NASDAQ Comp
Date: 12 March 2012

Chart: Daily Chart
The price is at Major Tradinglevels 3 (TL3) 3000 as it the Dow at Major Tradinglevel TL13 13,000 The Nasdaq has been stronger than the DJI beacue of tech stocks like Apple which is also now at 500 a Major TradingLevel TL5 so we can expect these market to stick to these large numbers partly for pychological reasons, when you think about it there's not a lot the price can do at large price points, they can fail or move up straight through, however 90% + of the time we can expect a corrected pattern to work across the level, there are two basic patterns the Classic and the Overshoot and in this case becasue the price has already been in a long trend its likley to rest, so the Classic pattern is likley however in the case of Apple the Overshoort pattern is already under way.