Top ↑

Top ↑

A Special New Year Offer on Yearly Membership with 31% OFF!!
+
CHRISTMAS GIFT; Mt4 Elliott Wave Scripts For Easy Manual Labeling (VALUE: 100€) (CLICK HERE)

31% OFF!!

Top ↑

A Special New Year Offer on Yearly Membership with 31% OFF!!
+
CHRISTMAS GIFT; Mt4 Elliott Wave Scripts For Easy Manual Labeling (VALUE: 100€) (CLICK HERE)

31% OFF!!

Top ↑

Today is Friday, markets are open normally but a lot of traders still took a day off, so we may not get a lot of interesting price action. Normal volumes should be back next week!

As you know US stocks sold-off on the last trading day in 2014. Moves came on profit taking for year end, so actually this move did not surprise me. Also, markets will always try to reverse the moves around the holidays, but then will go back to normal swings once holidays are behind. With that in mind, stocks may not be in retracement for long. On German DAX, we see a nice deep pullback that is considered as a corrective move. We see price now moving into 9500-9700 Fibonacci zone where support could be found. As such, be aware of a turn up in sessions ahead, but ideally early next week.

As you know EUR and DAX are most of the time in negative correlation, so don’t be surprised by bearish EUR forecast while we are looking up on stocks. I mentioned above that more gains could follow on DAX so looking for even lower EUR makes sense. In fact, on EURUSD we see potential wave 3) now in progress that should then be made by five subwaves. If that is the case then more weakness should follow, even beneath 1.2000. If I am on the right track with the count then shorts could in interesting in wave four, but of a higher degree as highlighted on the chart. Firstly need to wait on more price and data, to make sure I am on the right track with the counts.

I wish you good trades in 2015!
Grega
 

 

A Special Holiday Offer on Yearly Membership with 31% OFF!!
+
CHRISTMAS GIFT; Mt4 Elliott Wave Scripts For Easy Manual Labeling (VALUE: 100€) (CLICK HERE)

31% OFF!!

Top ↑

2014 has been a very interesting year for the market because there were not a lot of choppy and ugly price actions. Waves were very clean and directional, and more importantly, they moved into my desired direction. I was expecting a bullish turn for the USD in-line with bearish view on WTI Crude Oil and Gold, while I was still expecting higher prices on the stock market, particularly on S&P500 index. I picked some of my past analysis and compared them to today’s prices.

As you will notice I was on the right track with the market swings and also my trades were mostly taken within the predicted direction. I am very happy with my yearly return; it's up nearly 15%. Now some will say just 15?! But keep in mind that on 80% of my trades I risk near 0.75% of my trading account! Also keep in mind that when it comes to trading more important than making money is to PROTECT IT!
Grega

During this special time of the year, first time ever, we decided to give out:


We have Limited Time on this offer so if you are interested make sure to take advantage of discount. Offer expires on Jan 11 2015.


 

Our Holiday Schedule:
Wednesday Dec 24: Morning analysis (4h charts)
Thursday Dec 25: Closed
Friday Dec 26: Morning analysis (4h charts)
Monday Dec 29: Normal (4h charts + intraday updates)
Tuesday Dec 30: Normal (4h charts + intraday updates)
Wednesday Dec 31: Morning analysis (4h charts)
Thursday Jan 01: Closed
Friday: Normal (4h charts + intraday updates)
 

2014 Flashback Charts of EURUSD, GBPUSD, OIL, GOLD and S&P500:

Top ↑

Top ↑