GBP Intraday trading results as of 08/28/09

GBPIntraday082809

Current profit Current DD Max Profit Max DD Pain to Gain
Since 01/03/2006 $ 106,725.00 $ 1,856.25 $ 108,581.25 $ 7,081.25 7%
Last week $ (412.50) Year to date $ 15,400.00

Crude Oil forecast as of 08/25/2009

QMV9 – As market has been moving up we now have to equally likely scenarios. Elliott shows that

A: market is in the process of “Zig-Zag” (ZZ) 2nd wave in the range of 50.81- 64.86 between August 5th and November 5th;

QMContinues_090825_A_Blog

or

B: market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th

QMContinues_090825_B_Blog* Click on chart to view larger image and print.

Market continuous move up makes scenario “B” more likely, market move below 65.00 makes scenario “A” more likely.

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Gold forecast as of 08/25/2009

Gold –With the market trading in the range, Elliott shows now that market is in the process of  “Flat” (FL) 2nd wave in the range of 973.86 – 1022.12 between September 9th and December 23rd.

Market move below  930 and consecutive follow through signals that last week’s FL 3rd wave down is more likely.

GOLD5_090825_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

British Pound forecast as of 08/25/2009

GBPUSD – Like last week, Elliott shows that market is in the process of  “Zig-Zag” (ZZ) 2nd wave in the range of 1.5059 – 1.6298 between September 11th and December 29th .

Market move above 1.70 makes it more likely that ZZ 3rd wave up has started.

GBPUSD5_090825_Blog

* Click on chart to view larger image and print.

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Euro forecast as of 08/25/2009

EURUSD – Although market has moved up in recent days, Elliott still shows that market is in the process of  “Double Zig-Zag” (DZ) 2nd wave in the range of 1.3093 – 1.3846 between July 1st and September 14th .

Market move above 1.44 makes it more likely that DZ 3rd wave has started.

EURUSD5_090825_Blog

* Click on chart to view larger image and print.

Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

Crude Oil forecast as of 08/18/2009

QMU9 –Elliott continuously shows that market is in the process of “Flat” (FL) 2nd wave in the range of 25.52 – 45.19 between September 11th and January 5th.

Correction to this down wave is in the box. If market continued aggressively up next week, we might be looking for a different pattern.

QMContinues_090818_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Gold forecast as of 08/18/2009

Gold –Elliott shows that market is in the process of  “Flat” (FL) 3rd wave in the range of 747.22 – 857.90 between September 29th and January 8th .

Market move above 975 might signal that this combination is not valid and the market is in the process of a wave up instead.

GOLD5_090818_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

British Pound forecast as of 08/18/2009

GBPUSD – Elliott shows that market is in the process of  “Zig-Zag” (ZZ) 2nd wave in the range of 1.5059 – 1.6298 between September 11th and December 29th .

Market move above 1.70 makes it more likely that ZZ 3rd wave up has started.

GBPUSD5_090818_Blog

* Click on chart to view larger image and print.

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Euro forecast as of 08/18/2009

EURUSD – Elliott shows that market is in the process of  “Double Zig-Zag” (DZ) 2nd wave in the range of 1.3093 – 1.3846 between July 1st and September 14th .

Market move above 1.44 makes it more likely that DZ 3rd wave has started.

EURUSD5_090818_Blog

* Click on chart to view larger image and print.

Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

Crude Oil forecast as of 08/11/2009

QMU9 –Elliott continuously shows that market is in the process of “Flat” (FL) 2nd wave in the range of 25.93 – 45.44 between August 31st and December 3rd .

Correction to this down wave is in the box. If market continued aggressively up next week, we might be looking for a different pattern.

QMContinues_090811_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

WordPress Themes