Price target Pivots Fibonacci - world best forex trading signals

Price target Pivots Fibonacci ~ world best forex trading signals

Head and Shoulders neckline

Butterfly sell pattern

Chart pattern Price target

On the daily Chart of the EUR/USD we see a Head and Shoulders Chart pattern. The Euro closed at the brown neckline on the 5th of July and broke through the neckline on the next trading day, which triggered the Head and Shoulders pattern.


A close at Support/ Resistance levels, like the close at the Head and Shoulders neckline (blue circle), often weakens this Support/ Resistance level (see Breakout Trading/ Breakout Timing) so that a break of this S/R level (for a true breakout or a false breakout where price bounces back strongly - Stop Running and fooling breakout traders) is likely.


The target of the Head and Shoulders pattern is often the 100 % Fibonacci Extension level from the price range of the largest swing of the Head and Shoulders formation moved to the neckline break. The smaller 61.80 Fibonacci Extension level also led to a minor price reaction of the EUR/USD.

The EUR/USD bounced from this Head and Shoulders price target and started a strong upward leg after hitting the 100 % Fibonacci Extension price target of this chart pattern.

Daily Head and Shoulder pattern

The 4 hour chart below shows that the recent up move in the EUR/USD market found resistance at the monthly S1, which coincided with the daily Resistance (pink line) and the consolidation price zone of the small and tight consolidation chart pattern on the left side of the 4 hour chart below. Hence, the level around the monthly S1 at 1.2388 was likely to lead to a price reaction due to the confluence of different resistance levels.

4-hour Eur/Usd Chart Analysis

The 1 hour chart below emphasises the importance of Pivot Point analysis. The daily Pivot at 1.2243 led to a strong upward move and marks the low of todays trading range, whereby the daily R1 and the monthly S1 capped the market price besides the other reasons mentioned above.

The red ellipses show Breakout Timing setups, where market price closed at Support/ resistance before breaking it with the start of the new candle, whereby the blue ellipses are marking price reactions at important Support/ Resistance.

1-hour Eur/Usd Chart Analysis

The 5 min Euro Chart shows the importance of the daily Chart level at around 1.2290 where marked price reacted repeatedly. Furthermore, the daily chart level also changed its role between support and resistance repeatedly depending on price action in regards of true/ false price breakouts of this level.

In addition, there is a Butterfly sell pattern on the 5 min EUR/USD chart, which worked out very well. The failed breakout of the consolidation pattern (green circle) to the upside terminated at the monthly S1, which coincided with the 127 % Butterfly level, and price broke through the opposite consolidation boundary with strong momentum.

5-min Butterfly sell pattern

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Importance of the 200 SMA - forex binary trading signals

Importance of the 200 SMA ~ forex binary trading signals

EURUSD Technical Chart Analysis 

The 200 Simple Moving Average

The Euro

found resistance at the downward sloping 200 SMA (Simple Moving Average) and support at the daily S1 after market took out the stops and triggered the breakout limit orders below the recent low on the left side of the chart (blue line). After the Stop Run - Market Manipulation - got accomplished there was "nothing" to hold back the Euro from rising upwards. The resistance of the recent low (blue line) and the 20 SMA (purple line) got respected and broken with the beginning of the new hourly candle (Breakout Timing). For example market closed at the 20 SMA resistance with a strong candle and the EUR/USD broke through this resistance level with the beginning of the new hourly candle at 8 a.m. on the 1st October.

In general, the 200 SMA is often acting as support/ resistance and the 200 SMA shows the larger trend direction if the SMA, particularly when this Simple Moving Average is strongly sloping. Otherwise, the 200 SMA indicates a sideways range bounded market when the 200 SMA is more flat than sloping.

1 hour 200 SMA

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Weekly Video Analysis UsdJpy AudJpy GbpJpy CadChf EurGbp - forex trading signals indicators

Weekly Video Analysis UsdJpy AudJpy GbpJpy CadChf EurGbp ~ forex trading signals indicators

Yen may continue its weakness against major currencies especially the dollar. Currency pairs like Audjpy and Gbpjpy are also set for a long term further bearish move.
The technical chart of Eurgbp shows how Elliott wave theory can consolidate the formation of chart patterns.
The technical chart of Cadchf also indicates how Elliott wave can confirm harmonic patterns.
 When all these technical tools are combined, there is more clarity of what the market could do.

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What the Charts are saying about Yen - forex target trading reviews

What the Charts are saying about Yen ~ forex target trading reviews

The Yen is at an interesting level now and so are currency pairs and other markets related to it. On a long note, its been dipping since 2011, now at 2007 low.

 Markets go up and down, in spiral form. When the price of a particular instrument goes up, its a normal thing to think of a dip. 

 

The question now is Where? and When?. 

Let me start this analysis from Nikkei 225 index which has a very strong negative correlation with the yen. 

 

Typically when Yen falls Nikkei rises and without any surprises, Nikkei has soared from 2007/08 to a 20 years high region. A fall is expected soon.

 

The charts below show the elliot wave count of Nikkei on the Monthly and Weekly time frames and are looking very strong on the upside. 

 

100% projection of its 5th wave from the 4th wave falls at 2165 and its neighborhood. 

 

The long term rally could end at this resistance level.

 Nikkei is expected to continue the rally to complete the last leg of the sub-wave of the long term bullish move.

 

 

 

The dip in Yen and rally in Nikkei are in very clear impulsive moves and a correction is expected targeting at least the region of the 4th wave of these moves.

Yen currency pairs like CadJpy, GbpJpy, AudJpy, NzdJpy and UsdJpy have been on a long term bullish impulsive move.

The UsdJpy is expected to follow this same pattern as shown in the chart below which also shows the possibe reversal zone by fibonacci extension tools.

AudJpy is illustrated in the chart below to complete the last leg of the long term impusive subwave. The possible region of reversal is indicated.

GbpJpy analytical chart is shown below.

And finally CadJpy

 

 

Updates will come as more price data are included to ascertain this analysis.

I will post updates.

Bookmark this blog

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Important chart levels like Pivot Points - forex trading co tv signals

Important chart levels like Pivot Points ~ forex trading co tv signals

Daily Pivot Points

Consolidation patterns 

5 min Daily Pivot Point

The Euro

closed at the low of June 1st (pink line) after market slightly penetrated this important chart level during the day. Today, market gaped slightly below Fridays low but initially reversed, closed the gap and consolidated around the pink line most of the day. On the 5 min chart we can see that the daily low of June 1st (pink line) acted as support/ resistance. The breakout candle at 3 p.m. (penetrating the pink line) did not get confirmed and market reversed to the upside after hitting the price zone of the consolidation between 9 - 10 a.m. GMT and the 61.80 % fib extension. The main resistance to the upside was the daily pivot point.


The Euro formed a bull flag/ typical 3-wave-consolidation (red circle) before penetrating the daily pivot (important chart level) for the third time (level already weaken) whereby market breached this important chart level (no confirmation) and triggered most of the stops above the daily pivot. The Euro is currently consolidation at the daily pivot.

The positioning of the stops above a high/low or striking levels is easy to anticipate and market often tends to trigger these stops. Very often these levels get penetrated and stops/limit orders get triggered but market reversed (no confirmed breakout-only stop fishing).

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Gbpusd The Clear Picture - forex trading signals sms

Gbpusd The Clear Picture ~ forex trading signals sms

In the LAST UPDATE on this currency pair, I wrote about a long term bearish bias. I also mentioned that in the hourly charts we might see some bullish move (especially if the rising trendline is not broken downside) before the bearish trend resumes.

A double zigzag correction to 1.65 was expected though the B wave pattern of the zigzag was not so clear.

The B wave now seem to form a triangle.

Price is expected to break above 1.571 to confirm the triangle formation.

In order for the triangle pattern to hold, price should not break below the ACE support line of the triangle.

Triangle patterns , according to elliot wave theory usually precede the end of a trend or correction. The formation of this triangle could mean that the correction upside is not over yet.

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UsdCad The Journey So Far And What To Expect - short term forex trading signals

UsdCad The Journey So Far And What To Expect ~ short term forex trading signals

UsdCad was my favourite currency pair. I have traded almost all the patterns in between  for a long time. Its count was so easy for me and at a glance, I saw what price was saying in every move and turn.

At the beginning of this year, I started with a bearish bias though with a long term bullish sentiment. The article was titled UsdCad Analysis for 2015. I forecast a rally in price to 1.35 and above, but after a dip to 1.0 region. 

Below is an excerpt from the article.

"In the long term, this current impulsive move from 2011 is probably part of the ‘C’ leg of the projected zigzag corrective pattern. The ‘C’ leg should take us to 1.35xx and 1.46xx in the years to come, probably a period of 3-4 years"

 

Price since then even rallied further quickly to a long term high in a 5-wave impulsive bullish move which fit a perfect flat formation (weekly chart) as I posted in what was titled Flat formation in Usdcad. I sold at the completion of the flat as I expected a full long term bearish move. Price only dipped for about 900pips before the bullish resurgence.

Price advanced to 1.255 and I labelled it a zigzag correction of the first bearish move which I favoured as an impulsive move though I had a corrective alternative. I chose the impulse because I expected price to react to a larger degree flat pattern..

The advance to 1.255, as a percieved zigzag pattern prompted me to a sell expecting a wave 3 dip which should at least break 1.19 below.

After that discovery, I posted an analysis titled Multi face analysis of Usdcad. 

Below is an excerpt from the analysis.

 

"The long term bullish flat correction which started in 2007 is expected to have ended. The first impulsive wave downside followed by a prospective zigzag corrective wave 2. 

Price is expected to start a new impulsive journey to the downside which is expected to take 1.1920 ( the first wave low) and to 1.1250."

 

Price dipped as expected in a move that was not typical of a wave 3, a zigzag to be precise. The dip ended at 1.21 which was 200pips away from the 1.19 low. Price advanced so fast in the manner of an impulsive move as I watched it broke above the 2015 high at 1.283 and I changed my wave analysis to what I have below.

 

 

 

  So if this is the case, what do we have in the longer term?

The dip from 1.283 to 1.19 was only the 4th wave of the last leg of the longer term (degree) abc correction to complete what pattern?. A zigzag probably.

The chart below shows an emerging long term correction.

 

This zigzag pattern has entered the region of the 4th wave of the impulsive dip from 1.62 to 0.905 ,as shown in the chart above, which is a good region for the completion of a corrective pattern especially a zigzag.

 

I expect price to continue the rally to 1.34 or 1.40-46 in a fifth wave journey after a minor shorter term wave 4 dip. 

 

These projected levels are similar to what I forecast at the beginning of the year as I have posted at the beginning of this article. 

 

What happened between January and July, of course, was a change of pattern which is what we use as elliot wave theorist to understand the behaviour of price.

 

We can follow price actions by analysing with elliot waves theory. 

 

By using elliot wave principles, we can :

1. identify the direction of the dominant trend.

2. identify counter trends.

3. determine the maturity of a trend and a counter trend.

 

As prices develop, we will look for inherent tradable patterns that will build our confidence and apply the right money management rules.

 

Trade with confidence. JOIN AN ELLIOT WAVE MENTORSHIP CLASS and be an elite trader.

 

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US Dollar is the biggest scam in the history of mankind - forex vacuum trading system

US Dollar is the biggest scam in the history of mankind ~ forex vacuum trading system

Have you ever stopped to question any of the norms of this world? Have you ever though about how money was created, how the banks are creating money out of thin air? Find out more about how the US dollar is the biggest scam in the history of mankind in the video below.

But beyond that, we need to ask, how will this ever affect me?

Learning this will change your life, because it will change the choices that you make. If enough people learn it, it will change the world... because it will change the system . For this is the biggest Hidden Secret Of Money. Never in human history have so many been plundered by so few, and its all accomplished through this...The Biggest Scam In The History Of Mankind.

Related articles

• The Biggest Scam In The History Of Mankind (Debt Ceiling Truth) (libertycrier.com)
• The Biggest Scam In The History Of Mankind (Debt Ceiling Truth) (disclose.tv)

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The New State of Usdcad - forex robot trader reviews ea

The New State of Usdcad ~ forex robot trader reviews ea

I have maintained a very bullish bias of Usdcad and price has not given me any reason to think otherwise. 

The last forecast I posted on this pair on 14th November about a double zigzag complex correction gave me some nice 140pips, though I aimed more.

 Price closed the second part of that trade at 80pips. Not bad for a corrective trade.

This market is amassing momemtum to fly high.

Going by the long term, weekly chart, price is in wave 5 of an impulsive move which has the ability to soar to 1.1850 (100% of wave 1- equality ratio) or 1.2700 ( 1.618% of wave 1).

Going by the 4 hour chart, the recent downside correction could be the wave 2 of the expected impulsive wave 5 to complete the last motive wave before we look for a bearish move properly.

The intraday chart figured a flag pattern consolidation, which if broken upside should support the bullish bias.

If flag is broken upside, I will see you in 1.1850.

I will update you as price reveal its movement.

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Eurusd Nearing The Bearish End - forex-day-trading.com review

Eurusd Nearing The Bearish End ~ forex-day-trading.com review

On 21st November, I saw a need for more bearish move of the Eurusd. The basis of this analysis is the continuation of the terminating fifth wave of the last swing-leg of the bearish corrective triangle which started in 2008. 

According to my various projection tools, I saw a possibility for 1.2150 and 1.8850 support zones . I went out of my trades with 180 pips at 1.2280

There is a strong possibility for further bearish push before the long awaited rally could start.
Presently on the 4 hour chart, price seems to complete the 4th wave of an ending diagonal to terminate the 5th wave on a grand style. 

With bullish divergence on the daily chart, I can only think of a bullish move. If the 5th wave of the diagonal dips further with a three-wave intra day drive, there could be an opportunity to take a nice trade with a very good risk reward ratio.

I will post updates as market unfolds.

At the moment let me enjoy the bullish move on Gold after cashing out good profits on Eurusd and Usdcad

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Will Gold hit 1000 before the year runs out - forex live trading room reviews

Will Gold hit 1000 before the year runs out ~ forex live trading room reviews

In recent weeks, Gold has been trending down rapidly breaking barriers along the way. Will this dip continue? Well its just a matter of time.

Going by the weekly chart,price broke out of a triangle in high momentum after 14 months of formation. This triangle marked the successful completion of wave 4 .

 Price is running down to complete this impulsive move which could end at 1000 ( the next support) before the year runs out

The intra day (H4) chart is not contradicting the bearish move. The bearish move that happened immediately after the triangle formation has successfully completed three waves.

 Presently, its enclaved in the triangle of its own which will be completed at the successful break of the lower boundary of the triangle.

In the other way, price might break the upper boundary of the H4 triangle to test the resistance at 1240 thereby forming a zigzag corrective pattern instead of the current triangle before resuming the bearish move.

The breakout of the H4 triangle is very important to what corrective pattern we could have. A break below it will make gold dip and head to 1000 while a break above it will test 1240.

As price moves further, i will keep an update. Dont be far.

Let me add you to my mailing list to alert you of my latest findings.Send your e-mail to forexmaster05@yahoo.com

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DOWNLOAD FREE FOREX WORLD - how to use forex trading signals

DOWNLOAD FREE FOREX WORLD ~ how to use forex trading signals

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The Best Way To Trade Forex A Straight Path To Profits - forex trading signals service

The Best Way To Trade Forex A Straight Path To Profits ~ forex trading signals service

Millions of people from all walks of life trying to make an operating profit of change right now, but it is a sad fact that 95% of traders are not making a sustainable income from their efforts. Thats because they know what they have to do to start making profits in forex trading right now, and get stuck chasing shadows for years with nothing to show for it. If you do not want to waste time on being profitable in your business, then its time to stop what you are doing, and learn the best way to trade currencies for immediate benefits.

Why 95% of traders are not making money

It is surprising that 95% of Forex traders does not make Forex trading steady income, and that is because they do not have a plan that will take them where they are at the beginning of where they should be. And its not entirely his fault, because the forex industry is full of misinformation and conflicting advice. Novice traders often said that just opened their own demonstration and "teach" themselves forex trading through trial and error, its crazy! Would you give a teenager the keys to a Ferrari and say "Hey, why do not you drive through the city to find a way to drive?" No, of course not, because theyll never learn how to properly handle this.

The reality is, most people do not get into Forex learn a trade, get out there to make money! So the best way to trade Forex is not for them to spend 2-3 years practicing and training to become a successful forex trader. Think about your life and the amount of things you already have in your plate, do you really 2-3 overtime one day you can spare to learn the art of Forex trading? Obviously not, so learn to trade forex from scratch will not be how they will benefit from the exchange markets, no matter what they say.

Straight To Your Path Forex trading profits

This is the truth about making money in Forex from the start, all you need is capital, a profitable Forex trading system, strategy and money management. Well, thats all there is to change operations profitably. If you do not have enough initial capital, the only thing you can do is to save and accumulate until enough, I will not focus on that. The most important of his career Forex profits is to have a profitable business system change operations at the site, and then you can design your own system, you have a much better advantage of winning with a system that is already designed for you.

Ill be honest with you and say that there are not that many profitable Forex trading systems to sell on the market, but there are some and what is most important. If you do your research and take your time to find one, you will be able to identify a system that will return a positive constant month after month. That is the key: it is not necessary to double or triple your money every week and turn $ 1000 into $ 1 million in a few months, only a system that will produce 5-10% return each month and you need Steals . Once you have it, all you have to do is to keep the risk under control and you have a straight road to Forex trading profits.

Most traders fail because they are not a viable alternative to make money in the strategy of foreign exchange markets. They distracted with the latest indicators and best, not realizing that the best way to trade Forex is necessary to obtain sufficient capital, a profitable Forex trading strategy system and good money management. Now you know better, so it works to fill in the blanks in the business transaction, and soon you will make steady and consistent profits on the foreign exchange markets.

I am a full time Professional Forex Systems Developer since 2007. Forex is my passion, so I really love helping anyone to overcome their challenges and become profitable in their own trading. If you are beginner in Forex trading, or if you want to take your trading to the next level, Id love to help!
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US Dollar Collapse Imminent where is the safe haven - forex volatility trading system

US Dollar Collapse Imminent where is the safe haven ~ forex volatility trading system

Jeff Berwick is a Canadian entrepreneur, economics, finance, and investment writer, and libertarian and anarcho-capitalist activist. He believes that we are going through a significant market shift. He goes on to say that the excessive printing of money will lead to hyperinflation, and adds, this is exactly what the Federal Reserve is doing now. They have been printing 10% of the money every year, for the last 5 years. He believes that the economic (US dollar and Stock markets) collpase is imminent, and that we should look towards alternate forms of wealth such as Gold or Bitcoins.

Bitcoin, the first free-market non-localized private money, is seen as a great threat to the Governments monopoly of money. However, the recent economic collapses in smaller regions (think Cyprus), have spurred the rise of Bitcoin and its non-centrality as an alternative to the FIAT currency.

Or watch it on YouTube: US Dollar Collapse, Soon Wont Be Able to Buy Gold at Any Price -- Bitcoin - Galts Gulch

Dan Popescu, a global markets strategist and gold expert, shares his thoughts about Gold and China. He talks about a black swan event that is at our doorstep and how that can make the price of gold explode in a day. Gold is important because it is a "hard currency" that has value, as opposed to the FIAT currency which is not backed by anything.

China is a major buyer of gold, and their strategy is to gather a large deposit of gold to be able to properly back up their currency, unlike any other currency now. If the Chinese can successfully back up their currency with gold, they will be able to give credibility to their currency.

The world is becoming increasingly dissatisfied with the current system. He believes, within the next 3 to 5 years, that "well have a currency crisis with a new international monetary system, and gold will defnitely be part of it." Gold will shoot up in a shock, surprise move, and he "wont be surprised" if gold goes above US$2000/oz within a year.

Or watch it on YouTube: Maybe the most important video youll ever see on gold - Interview with Dan Popescu

Another video also highlights that 90% of market movement will come in the last 10% of time. Click here to watch the full video: Silver - 90% of the move comes in the last 10% of the time

Last video I want to share with you is from Ned Goodman. Ned is a Canadian billionaire with a unique perspective on the world economy. He starts off in the video by saying that "the dollar is about to be dethroned as the worlds de facto currency".

He justifies his claim by explaining how the US dollar is backed by nothing, but still has a strong power in the world, because all oil in the middle east is traded with US dollars. That is how the dollar got to where it is today. However, China has recently made deals with Russia to buy oil in Chinese Yuan (RMB), opening the path to international partnership between these two big players. It was also obvious from the tension in Syria, that China and Russia are on the same side. We are heading into a period of "stag-flation" as the Federal Reserve loses its power to print money at will.

We buy things to protect our future purchase power. To continue doing so today, he emphasizes the need to start buying hard assets.

Or watch it on YouTube: Canadian billionaire predicts end of US Dollar as worlds reserve currency - Ned Goodman lecture

For those of you who are still unsure about what FIAT currency means, or how the US dollar is not backed by anything, Ill end of with one of my favourite videos that very aptly answers these questions.

Or watch it on YouTube: When Will The Economy Collapse?

Thank you for reading, and I hope you gained some value from this post. Be safe and all the best!

Related articles

• Bitcoins rise owes more than a bit to takeup in China (wantchinatimes.com)
• Guest Post: Bitcoin: As Good As Gold? (zerohedge.com)
• Ignorant FBI Agents Realize They Cant Open Bitcoin Digital Currency Wallet (thelibertarianrepublic.com)
• Hold Your Gold and GOTS (jsmineset.com)
• The Top 10 Ways The US Government Shutdown Will Affect You Today (globalpoliticalawakening.blogspot.com)
• The Insidious, Hidden Nature Of Theft By Government (personalliberty.com)
• THE FED QE MACHINE: Inflationary Valuations for Gold & Silver (silverdoctors.com)
• The Attraction of Anarcho-Syndicalism and a Gentle Admonishment of Anarcho-Capitalism (neilmtokar.wordpress.com)

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Eurusd Intraday Update - quality forex trading signals

Eurusd Intraday Update ~ quality forex trading signals

Over the week, price has reached our forecast target at 1.6-1.7 and immediately reacted there as it dipped in what looks like a correction. 

The alternate medium-term triangle projection did not hold and we can still stay with our original forecast of a {WXY} double zigzag correction of the bearish move that ended at 1.045 in March.

After price broke out of the triangle as shown by the chart above, we should expect price to move in a zigzag/double zigzag/triple zigzag  pattern or perhaps a 5-wave impulse.

At this moment, the double zigzag seems to be the most probable. Price broke out of the triangle to complete the first zigzag (a,b,c in red) retraced another zigzag in blue and is now expected to complete the double zigzag by advancing upward in another zigzag which should break above 1.17.

The 15minutes chart above shows the X leg of the expected double zigzag clearly. This move itself is a zigzag pattern.

If price from this level, breaks above 1.1436, we should be expecting a new high provided price stays above 1.12.

Follow the intra day updates here>>>>

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New Update on Gbpchf Gbpyen Audusd Xauusd andEurcad - forex mirror trading reviews

New Update on Gbpchf Gbpyen Audusd Xauusd andEurcad ~ forex mirror trading reviews

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Neckline of the Head and Shoulders - forex trading signals software downloads

Neckline of the Head and Shoulders ~ forex trading signals software downloads

Hourly Pin Bar

Test of the Neckline

Pin bar as Reversal pattern

The Euro found support at 1.2445 and formed a pin bar on the hourly chart. The bullish pin bar is a reversal pattern and it shows a strong demand at its level of creation. Hence, market was supported at this level and the strong rally back indicated a bullish rejection of the penetrated price level. The pin bar (bullish sign) led to some follow through and the Euro moved up to the 1.2500 zone

However, on the hourly and 5 min chart we see a kind of Head and Shoulders pattern. The brown neckline of the Head and Shoulders and the supporting upward sloping green trend line got broken at 1:15 p.m. GMT (confirmed on the 5 min chart).

1 hour Pin bar

5 min Head and Shoulders neckline test

As often, market retested the recent support which now became resistance (neckline, green line) at 1:35 p.m. (small red circle). However, the neckline/ green trend line held the market, which also coincided with the 5 min 20 SMA and 61.80 % Fibonacci (fib) retracement of the recent swing down.

The Euro initially moved down after the retest but market did a second retest of the brown neckline (green circle) after market got rejected at the 61.80 % fib extension and weekly S1 at 2:15 p.m. (pink circle).

If market strongly bounce back from the 61.80 % fib extension (no initial penetration or consolidation at this level then a temporary rejection of the current trend on this time frame is likely (either a reversal or a larger consolidation).

However, the Euro could not move above the neckline (green circle) and market resumed its downtrend and finally the Euro reached the Head and Shoulders target (100 % fib extension from the largest swing of the Head and Shoulders moved to the breach of the neckline) (blue cirlce).

Head and Shoulders target also coincided with the March 2009 support level and the 100 % Fibonacci  (fib) extension from the recent swing down. The Euro moved up from there but market penetrated this support level with the beginning of the new 4-hour candle at 4 p.m. after the prior hourly and 4-hour candle already touched (respected) the monthly low of March 2009. However, market only temporary breached this level (brown circle) and the Euro found support at the fib confluence level at about 1.2447 and the daily S1.

The Euro hold at the two 100 % fib extension and the 61.80 % fib extension (rejection) and market closed again above/ at the March 2009 support level (rejection). The Euro resumed its uptrend after the formation of two bull flags (first one at the 5 min 20-SMA resistance).

The price zone of the consolidation at 1 a.m. and at 6 a.m. (on the left of the 5 min chart) gave some support/resistance to the market as the Euro reached this price zone again.

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Insider News and Predictions Eyes on Quarkcoin Zetacoin The Future of Crytpo Currency - ddfx forex trading system v4.pdf

Insider News and Predictions Eyes on Quarkcoin Zetacoin The Future of Crytpo Currency ~ ddfx forex trading system v4.pdf

Since I mentioned a resistance/support of $50/$25 for LTC in my post from 2 days ago, LTC prices have found its support at $23.51, and has risen over the last 4 hours to its current BTC-e price of about $32. Hold on tight to your Litecoins because I think prices are going to continue going up and break the $50 resistance by Friday, probably earlier. I wasnt thinking of writing a post today, and I still owe you a post about Panic selling/buying & Bull/Bear traps, but I found some interesting topics to write about that will interest you altcoin and crypto junkies.

What really triggered this blog post was a tweet I saw by Keiser, featuring Quarkcoin (QRK) alongside Bitcoin and Litecoin as the cryptocurrenies of choice. I first saw the word Quarkcoin when it broke into the top 10 market cap with over 300% increase in market capaitalization value overnight.

I overlooked it even after seeing it rise from 6th to 5th, until I saw what Keiser tweeted:

If Jesus were born today, the 3 wise men would bring him BTC, LTC and Quark.
— Max Keiser (@maxkeiser) November 30, 2013

If Keiser said it, it has to be worth something. With his reach and influence within the Bitcoin community, we could see a huge jump in Quark prices soon, even if it doesnt have much value. From my research so far, I found out that Quark uses nine rounds of secure hashing from six different algorithms to make Quark transactions super secure. Many programmers have been worried about whether or not the Bitcoin protocol is hackable, but Quark has just made it even closer to impossible by using a mix of algorithms. On the other hand, what intrigues me is that 98.9% of the Quarks have already been mined (see the Reddit discussion here), which makes me wonder how this is a good thing. If you know how this is beneficial to the community, please drop a comment down below! Greatly appreciated!

Apparently the prices surged after a video of Bill Still, a legendary Economics cult figure went viral among the Bitcoin community. Whats notable is that Bill will be appearing on a Keiser Report interview, which airs on the 19th of December, so keep your eyes peeled.

Source: Bill Still on Quark

And lastly, we could see Quark on a Chinese exchange over the next few days. If this is true, you better get your Quarks as soon as you can!

http://t.co/3hKy9t93DS WILL INTRODUCE QRK IN THE COMING DAYS!! CHINA IS COMING!!
— Mega Coin Pumper (@MegaCoinPumper) December 1, 2013

During my research into Quark, I found out about Zetacoin (ZET). The prices of Zetacoin have increased 550% against the bitcoin, with ZET/BTC prices skyrocketing from 0.0065 at the beginning of 30th November to a peak of 0.055 and is currently hovering around 0.036 at the time of posting (Source: Cryptocoincharts.com). Looking into Zetacoin, I found that it actually has an inflationary characteristic. There are a total of 160 million Zetacoins, and upon the depletion of this initial supply, 1 million additional Zetacoins will be added to the supply every year. This is quite a different take from the limited supply of all other cryptocurrencies, and could be an interesting tweak that can potentially solve some of Bitcoins existing limitations.

Im still not entirely sure about the benefit and utility of Zetacoin, but Im going to jump on the bandwagon and bet on the hype of the Zetacoin, while I do more research over the next few days.

Buy #zetacoins. A million of something doesnt take much increase to make a small fortune. #zetacoin up 80% today
— BitcoinSachs (@BitcoinSachs) November 29, 2013

Everything is a buy right now. $0.05 zetacoin is a great price. $0.25 on Monday
— BitcoinSachs (@BitcoinSachs) December 1, 2013

If you dont own at least 100k zetacoins youre going to spend a life time regretting that
— BitcoinSachs (@BitcoinSachs) December 1, 2013

To buy either of these 2 cryptocurrencies, along with almost any other alt coin out there, set up an account at Cryptsy.com to get started! I only started my account today, and Ive had a pretty decent experience so far. Still some problems with the site such as:

1. Deposits take way longer than they should. Bitcoin deposits take about 45mins to 2 hours.
2. Cancellation of open orders will result in your funds being "stuck" in limbo for up to an hour.
3. It took 45 mins for my account verification email to arrive. 
4. Interface is less responsive (laggier) than I would prefer.

I think its just a problem with them being unable to handle the surge in traffic over the last 5 days, and I hope that fix it soon. But apart from these problems, looks really good, and Im definitely using this over BTC-e from now on.

I hope this post was useful for you. These are my own views and thoughts, which like the Bitcoin market, is largely driven by speculation. Follow my recommendations at your own risk. With that said, to all of you guys holding Quarks and Zetacoins, Ill see you on the moon and give lets Chinas Change-3 a surprise! ;)


http://bitbash.blogspot.sg/2013/11/quarkcoin.html
http://www.reddit.com/r/Bitcoin/comments/1rmuf8/quark_coin_is_up_450_since_yesterday_got_any/
http://www.reddit.com/r/QuarkCoin/comments/1rrrqe/welcome_to_quarkcoin_as_btce_would_put_it_to_the/

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A Very Weak Economic Recovery - forex news trading academy review

A Very Weak Economic Recovery ~ forex news trading academy review

A Very Weak Economic Recovery

By Elliott Wave International

Editors note: The following article is excerpted from Elliott Wave Internationals new free report, "U.S. Economy Still on Life Support." For years, the government has manipulated its unemployment statistics to line up with its claim that the economy has recovered strongly. But thats not ALL the government is hiding from you. From foodstuffs, to crude oil prices, to GDP, the numbers and analysis reported by the government and mainstream financial press are misleading at best, downright falsehoods at worst. Get the hidden truth -- click here to read the full two-part report now >>
For years, the government has been manipulating its unemployment statistics to line up with its claim that the economy has recovered strongly.
Jim Clifton of Gallup finally couldnt stand it anymore and wrote a terrific op-ed on the subject. Here is the meat of it:

If you, a family member or anyone is unemployed and has subsequently given up on finding a job--if you are so hopelessly out of work that youve stopped looking over the past four weeks--the Department of Labor doesnt count you as unemployed. Thats right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news--currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them arent throwing parties to toast "falling" unemployment.
Theres another reason why the official rate is misleading. Say youre an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20--maybe someone pays you to mow their lawn--youre not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.
Yet another figure of importance that doesnt get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find--in other words, you are severely underemployed--the government doesnt count you in the 5.6%. Few Americans know this.
Theres no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.
--Jim Clifton, Gallup.com

The following chart depicts the substantial decline in employment since 2000.

Notice that the recovery in jobs during the stock market rally of 2003-2007 was only about 1/3 of the decline from 2000-2003. The recovery during the even longer and bigger rally of 2009-2014 has been about 40% of its preceding decline. In both cases, the recoveries have been weaker than the declines, despite new highs in the major stock averages both times.
Editors note: This article is excerpted from Elliott Wave Internationals new free report, "U.S. Economy Still on Life Support." For years, the government has manipulated its unemployment statistics to line up with its claim that the economy has recovered strongly. But thats not ALL the government is hiding from you. From foodstuffs, to crude oil prices, to GDP, the numbers and analysis reported by the government and mainstream financial press are misleading at best, downright falsehoods at worst. Get the hidden truth -- click here to read the full two-part report now >>

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GOLD! - xlt forex trading course review

GOLD! ~ xlt forex trading course review

Gold peaked towards the end of 2011 after several years of increased bullish momentum. The peak (wave 1) completed and the bearish correction started in an impulsive mood for the next 3 years and that’s where we are now.

I posted more than one times how I expected Gold to close at 1000 before the end of this year, but that idea appears to be melting as Gold is looking increasingly more bullish than bearish. 

 

 

 

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