Thread designed to record set-ups and targets on index and FX pairs.
'A market is only your enemy until you understand it, then it becomes your best friend.'








Any questions, please feel free to ask.

From time to time i may openly state an opinion regarding direction of a set-up and wish to add that in no way am i recommending a trade. I am sometimes only in trades for a matter of minutes and can't always update as to entry/exits taken.
As always, markets are dangerous places to be and must be respected as such. Always use stop losses and never over-leverage; 3% of your pot as a maximum per trade. As always, YOU are responsible for your own trades! Happy pip hunting!

Click HERE to visit me at FXtechnicals.net

Only sense i can make of the current EurGbp count;



If so, we are merely corrective right now and with Cable to fall steeply over the coming months, what does that say for the Euro?

Looks like Euro weakness for short term, 4hr;



and a closer view on the 15min with wave 'c' = exactly 161.8% of wave 'a';



http://fxtechnicals.net/category/eurusd/

Possible 4th wave currently;



http://fxtechnicals.net/category/eurusd/

Similar outlook for EurJpy;



http://fxtechnicals.net/

Remember this, Post 290, Dow;



Looking for 14,070... so what happened when we got there?



It does indeed look to be rolling over, but is it just a consolidatory phase? The question everyone wants to know! I'm working on it, but my Euro count is based on being corrective right now. The two are closely correlated, so calling 14,070 was one thing, now we are here though, it's a tough call. I will probably be trying to determine waves as always to give a clue. Interesting to read other analysts turning bearish, could be contrarian.

http://fxtechnicals.net/

Surely just a matter of time?!



http://fxtechnicals.net/

Further to above;

Baseline channel;



and consequent rejection, thus evidence of the move up being corrective. It also coincided with the 123.6% level of wave A. Short with stop above the earlier high, but expecting a little better entry yet (in a minor c wave);

Dow poss;

EurGbp as of yesterday,



(posted on blog at the time)

Update to above;

Well done if you traded it.

I did indeed, cheers skinny...

I don't generally trade the index's but canny reaction so far as per 161.8% level in post 367...

FTSE;

Post 367 Dow poss;



Updated chart (fibs unchanged);

Last night;



Updated earlier, (with extended abc wave 'ii');



and current;

EurUsd story;

A wave (abc);



then 'B' wave (abc);



Now 'C'? (5w)

EurUsd as per blog post yesterday;



Today;

Earlier Dax chart;



Should have been more aggressive with the red line!

Nice reaction at the 61.8% fib ext target;

Ftse daily posted 19th March;



Updated chart shows down move looks to be corrective, thus wave 4;