VIDEO Want a Sure Fire Forex Trade Setup Look for a Triangle - forex trading coach reviews

VIDEO Want a Sure Fire Forex Trade Setup Look for a Triangle ~ forex trading coach reviews

(Video) Want a Sure-Fire Forex Trade Setup? Look for a Triangle
Watch this quick educational video from an Elliott wave forex expert, Jim Martens

By Elliott Wave International

Last fall, the editor of Elliott Wave Internationals Currency Pro Service, Jim Martens, observed a beautiful pattern in the chart of the Japanese yen. This pattern, called a triangle in Elliott wave terms, offers a very clear outlook for the market.

What is a triangle? Its a corrective pattern, meaning that it moves in the direction opposite the primary trend. And, its very easy to spot on a chart. Heres an idealized diagram of a triangle.

When a triangle ends, the old trend should resume. This allowed Jim to make a very clear forecast for the dollar/yen. Watch this 7-minute video to see the triangle he observed, and the outcome.

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Free 14-page eBook: Trading Forex: How the Elliott Wave Principle Can Boost Your Forex Success Elliott Wave Internationals Senior Currency Strategist Jim Martens pulls from 25+ years of experience using Elliott wave analysis to show how you can put the power of the Wave Principle to work in your forex trading. Download your free 14-page eBook now >>

This article was syndicated by Elliott Wave International and was originally published under the headline (Video) Want a Sure-Fire Forex Trade Setup? Look for a Triangle. EWI is the worlds largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

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Forex Trading Perspective Trends Finding New Opportunities - platinum forex trading group review

Forex Trading Perspective Trends Finding New Opportunities ~ platinum forex trading group review

Forex Trading: Perspective, Trends & Finding New Opportunities
Jim Martens shares key insights into trading currencies with the Wave Principle

By Elliott Wave International

In this brand-new video interview, EWI Senior Currency Strategist Jim Martens shows you his approach to the forex markets -- and how the "simplicity" of Elliott wave analysis has guided him through 23 years of forecasting.
Watch this new interview -- and follow the link below the video to learn how to get a full week of his currency forecasts - FREE - during Forex FreeWeek (Nov 4-11).

EWIs World-Famous Forex FreeWeek, Nov. 4-11

Join thousands of your fellow Elliott wave fans from around the globe during EWIs Forex FreeWeek.
Forex FreeWeek is a 7-day event where you get unrestricted, 24/7 access to intraday, daily, weekly and monthly forecasts -- including charts and videos from our premium-grade Currency Pro Service.
Currency Pro Services team of four currency experts brings you forecasts for these popular FX pairs:

• EUR/USD
• USD/JPY
• GBP/USD
• USDX, the Dollar Index
• More...

Get your free password for Forex FreeWeek now >>

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This article was syndicated by Elliott Wave International and was originally published under the headline Forex Trading: Perspective, Trends & Finding New Opportunities. EWI is the worlds largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

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Cadchf Escape Route - gft forex trading reviews

Cadchf Escape Route ~ gft forex trading reviews

Trade management is one of the essentials of profitable trading. This is an art that has been mastered by the masters in the business of speculation, trading and forecasting of financial instrument. 

A profitable traders gets along with the trade and take quality unbiased and unemotional decisions along the way.

I posted an analysis of cadchf yesterday, 28th October, when I forecast the long term and short term of this currency pair. You can read the analysis again.

I opted for a short position and presently price has consolidated upward since then. Well I have my trade management in place. I deem it fit to post here because someone could have taken the same decision. 

Am I getting out of the short position?  NO!. 

The bears still have a good chance; the recent bullish triangle formed on the intra day charts could just be the second wave of the expected 5-wave impulsive move downside to complete the B leg of the probable zigzag correction I discussed yesterday and this will hold if price does not break above the first wave.

I expect price to dip from the current level to the zones I highlighted.

Conversely, if price broke the triangle upside, I may exit my short position as market could be on its way to form an intraday impulsive move downside according to the chart below

More update to come later as price show us where its heading to.

I maintain a bearish short term bias and a bullish long term bias until price proves me wrong.

You can connect with me, check my contact

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Gbpusd Intraday Market Update - saxo bank forex trading reviews

Gbpusd Intraday Market Update ~ saxo bank forex trading reviews

I will be building on the analysis I did on 22nd of this month. You can scroll down the blog or click here. 

 

I noted an ending diagonal as part of the zigzag pattern that I thought could end wave 4 of the larger wave in order to be part of the potential large move downside.

 

I put a sell order at the break of the diagonal and soon market started moving up and down showing the diagonal might not have finished forming. A diagonal is usually followed by sharp moves

 

I exited the trade manually with -70pips in order to analyse more critically.

 

At the end of trade on 25th February, I saw that ending diagonal was still intact with double zigzags in between its legs. 

 

 

The fibonacci extension of wave A from B has pierced the 161.8% and price is now heading to 200% fibo extension level at 1.5560 and its neighborhood. 

 

This level could mark the last wave to complete the diagonal before a crash down.      A crash down could happen if the 200% level holds and price breaks below the support trendline of the diagonal.

 

Zooming down to the 15minute chart, something very interesting also surfaced.

 

  

    The supposed last wave of the expected diagonal formation, vividly seen on 15 minute chart is also forming a diagonal. 

 

This would be a massive move. That will be dual time diagonal formation.

If the 200% holds at the turning point, i would trade aggressively at the break of the 15 minute ending diagonal. 

 

A conservative way of trading is by waiting for the 1 hour diagonal to be broken downside by price. Proper stop order should be done with good money management.

I will see you in the next update.

Join my mailing list, send your e-mail address to forexmaster05@yahoo.com

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A New Look at Gold - knowledge to action forex trading reviews

A New Look at Gold ~ knowledge to action forex trading reviews

On October 2, I was wondering if Gold was going to have a free ride down after breaking out of a triangle corrective pattern formed on W1 and another triangle on the intra day broken out after the US non farm payroll report (Read the story here). 

I was expecting a pull back and then a bearish candlestick engulfing, but price went back to the triangle it once broken, giving me a reason to re-analyse. 

After spending some time, I saw price bringing out a new picture- a bullish picture!

With a new look at the weekly chart, I saw that price is bouncing off the support line of the triangle after it formed the fourth (a-b-c) zigzag wave to resume a resume the last (a-b-c) corrective move ( triangles move in five corrective wave before completion) which should move close to the upper line of the W1 triangle.

With divergence and momentum oversold at this region, it could well be a good thought- we have a chance.

On the daily chart, I see a completion of a 5-wave impulsive move that completed the fourth wave I mentioned above clearly: and with divergence,channel support and momentum oversold, the bulls are preparing to take the golden initiative

If the bulls are taking over, I will expecting a (5-3-5) upward move to the roof of the W1 chart.

As price adds more, we get its intention more clearly.

Im here to update you, so dont be far

Let me add you to my mailing list. 

Send your E-mail address to Forexmaster05@yahoo.com

Whatsapp: 2348134820569

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A new look at Cadchf - day trading forex live reviews

A new look at Cadchf ~ day trading forex live reviews

Before I start,please take time to read my last post on this pair (click here).

Price broke the triangle I talked about and went back immediately giving me no real chance of buying.

The congestion is not looking over yet as we have price moving up and down to form a larger triangle.

As price adds up to itself, we ask ourselves, are we still in line?. Being able to follow price and allowing it to connect with us is very important. Thats why I chose elliot waves analysis as my primary tool.

With what price came up with of recent, it shows clearly that the first corrective wave ( wave 2) of wave 5 of the impulsive moves ( in blue) is about to be completed as a triangle corrective pattern. 

If this is anything to go by, we expect the price to break the upper line of the triangle for an explosive move upside. I will wait for a chance to buy at the break to target 0.8810.

Conversely, if price breaks the triangle downwards, what we will be having is a complex correction or temporary change in trend which requires more studies and patience.

Either way, price determines where it goes and we just have to understand him and follow. We should see a real action next week.

Connect with me on whatsapp: 2348134820569

Facebook: Sanmi Adeagbo

Twitter: @Forexelyte

BB Pin: 7FF79963

Let me also add you to my mailing list to alert you of my new post...                                                  E-mail: forexmaster05@yahoo.com

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Usdcad to 1 1500 - global forex trading reviews

Usdcad to 1 1500 ~ global forex trading reviews

In my last post where I wrote  ( read here) about the two scenerios Usdcad was posing. My sell went well with price only 10pips shy of 1.100 ( my final target) . I went out with 150pips .

With price showing some reversal signals, I had to think of riding wave 5. 

With the recent big rally, the second scenerio is fulfilled and I expect wave 5 to take us to 1.1500. I am on this one for a big ride.

Usdcad has shown itself to be a good market this month. I racked more than 500pips and 1000pips on Gold

What a nice way to end the month.

Thank you for following me.

Register for forex free week directly from elliot wave international. Register here

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Usdcad Party How does it fair - free forex trading robot reviews

Usdcad Party How does it fair ~ free forex trading robot reviews

In the month of October, Usdcad really gave me many pips and I predicted its move almost perfectly with an incredible timing , entries and exits; maximizing almost all the up and down moves

This success story started on 6th July when I predicted a long term bullish move and I have been able to consistently follow through. Markets are really structured.

In the month of October alone,I took a short move on 6th October, 15th October; long moves on 10th October and the recent one on 31st October which could take us to 1.1500.

Each short move I took, I still had it in me that the general trend is up until price proves me wrong. 

I expect the recent upmove to rest at 1.1500 ( though my stop loss is a bit below) where the impulsive 5-wave move cold end for a bearish correction 

I will watch how price wants to play out and will update you. Till then let me enjoy the party!

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