Wednesday, 25 November 2009

LIVE TRADE

Short AUD/USD 0.9277. Looks like a 3rd up done also the contracting so looking for a 38.2 retrace of the 3rd

AUD/USD - Contracting Triangle


Spotted by the one that doesnt speak!


FTSE Analysis


Difficult to read short term elliott wave wise but it is bouncing along the bottom of the 4hr channel nicely which suggest it has strength. This is the trendline i have at the top. If this goes the bulls could be in action

Tuesday, 24 November 2009

FTSE Analysis


And here's the bullish count which is favourable to the current trend


There she goes


Ending diagonal got messy in the end and didnt reach the 5380 target i had so missed out on the drop. Still after 5 waves and tht pattern develops a short it is.


Looking at the bigger 4 hour and 8hour charts and taken 3 waves up from the start of the month, it looks like we're playing out a 4th wave Flat from the 16th Nov so we could be going low 5200s again, which gives a great buying opp for the last wave up


FTSE Analysis


We've had 5 waves up from this morning and a small ending diagonal seems to be developing in the 5th wave position. Tempted by a short at 5380ish
Divergences on rsi, stots, macd and momentum on 1hr and also on 10 and 15min charts on a smaller scale

LIVE TRADE

Have closed the FTSE Dec position for 35 points. Looks like the top of a 3 there.

Will look to buy the 4th wave dip, RSI is pretty high at the moment