USD/cad update
Wednesday, December 5, 2007
Friday, November 23, 2007
Thursday, November 22, 2007
Wednesday, November 21, 2007
Tuesday, November 20, 2007
USD/JPY
here i came out with the yen vs us dollar monthly chart.
next chart will be on the smaller time frame.
have a nice trading day.
Monday, November 19, 2007
Sunday, November 18, 2007
zenocorp is back
hi, sorry for my absent. its been really long since my last login.
ok, lets get our butt heat up and we are going for some wave surfing.
the reason i did't update this blog is because: 1) my room in my campus is terrible..i cant get any internet connection.
2) im struggling for my engineering paper. ( although im not planing to become an engineer).
my second problem is solved. im free as bird now. yeah!!!!
its time for some real issue..the tsunami..erm who got the surfboard? join me and we go surfing...
see ya 2morro.
Wednesday, October 10, 2007
Tuesday, October 2, 2007
Wednesday, September 19, 2007
Thursday, September 13, 2007
Saturday, August 25, 2007
Friday, August 24, 2007
Tuesday, August 21, 2007
Friday, August 17, 2007
Thursday, August 16, 2007
Wednesday, August 15, 2007
Monday, August 13, 2007
Friday, August 10, 2007
Thursday, August 9, 2007
Saturday, August 4, 2007
Thursday, August 2, 2007
Tuesday, July 31, 2007
Monday, July 30, 2007
trading result.
this is my latest trading result on the GU pair.
both posts close today, with a total of 284 pips which last less then a week.
Friday, July 27, 2007
Thursday, July 26, 2007
Friday, July 20, 2007
Thursday, July 19, 2007
Wednesday, July 11, 2007
Saturday, July 7, 2007
big hello from zenocorp- the return.
hello guys,im sorry for not updating in this blog .there are some reasons which i could not avoid. the reasons are, since i have been move out from my dorm, i had a difficult time to online. i only can online once a week.
however, i manage to do my trading and i have peace in mind due to the performance i archive for the last two weeks.
in this period of time(two weeks), i been trading another pair(apart from my fav EU) which is the USD/CHF.
system i use?- of course the Elliott wave-my fav.
so with juz little time spend in front of my laptop, i manage to earn decent profit.
so to all the ellitician, keep it up, and polish ur skills and strategy. may god bless you.
more update coming up.
Wednesday, June 20, 2007
EU - looking for short term down.
good morning, what a nice rally done by EU this morning.
potential short coming up when at break on 1.3384 occur.
according to 4 hours time frame, 3 waves correction (a-b-c) have not complete.
maybe there is a bounce back at 1.3384 before another rally down for wave c.
enjoy your day and god bless.
EU - watch for the mountain.
for short term, the pair will probably go for correction. from the chart patten, a double top was has form. a break on 1.3384 will eventually reveal a stronger wave c which i think it might be resting around 50% fibo.
bearish divergence reveal.
wait for the wave a to form before consider another jump for short.
Tuesday, June 19, 2007
EU -update
the alternate count valid if the price didn't break 1.3435.
on the other hand, if the price break 1.3435, it will bring the entire wave count to an end of "subminute" wave v.
Monday, June 18, 2007
EU monitoring time:
hi, good day, the from my point of view, the pair going to go for the next level of fibo(60%) at 1.3443 to complete the "subminuette" wave iii.
not advice to go long at this moment. wait for the correction wave 3 to catch some more fishes.
have a nice trading day and god bless.
Wednesday, June 13, 2007
Tuesday, June 12, 2007
EU -divergence trade
looks nice on bullish divergence. the reversal of minor wave 5 almost complete.
Friday, June 8, 2007
cut your losses and let your profit run
i get this article from a private forum. i glad to share it here as it provide great tips for beginner and old timer (otai) trader alike.
Cutting your losses and letting your profits run is one of the oldest axioms in trading, yet many traders insist on doing just the opposite.
Believe it or not, some traders are more afraid of being wrong then they are of losing money. When these traders find themselves in a losing position, they tend to stick with the losing trade a little longer in the hopes that the market will turn around and eventually prove them right
However, because futures are such a highly leveraged investment, it is difficult for the small trader to stay with the losing position for very long without inflicting serious damage on their account.
Similarly many of these traders are so anxious to be "right" that when the market shows them a small profit, they take profits too early without realizing the full potential of the trade. While there is nothing wrong with taking a profit, the fact remains that if your profits do not offset your losses, you will eventually be unable to continue to trade.
So what should a trader do?
1. You need to realize that you will not be correct all of the time. It is important to realize that you will incur losses as you will sometimes be on the wrong side of a trade. The important thing is to realize WHEN you are wrong and exit the market quickly
Accepting small losses is the key to cash preservation and trading survival. Everybody is wrong sometime. It is a fact of life. However, by being wrong that we eventually get to right.
2. Make sure that you only take the trades with the best risk/reward ratio. This will ensure that when the trade does work out as planned you will be earning decent profits.
3. Have patience. Too many traders are too anxious to trade. They got into markets before they are ready hoping that the trade will work out. They think that the road to success is through trading a lot, but it is not.
The road to trading success is by making sure you take only the best trades with the highest probability of working out, and maximizing the profit from each trade.
4. Keep a trading journal. It is difficult to learn from your past mistakes if you don't remember them. Likewise it is difficult to repeat your success if you don;t remember them either. Making notes of things you observe in the market will provide you with a wealth of information that you could not obtain elsewhere.
5. Plan your trade. Having a trading plan may not ensure your success as a trader, but trading without a plan will almost guarantee a failure.
Wednesday, June 6, 2007
EU- still waiting for wave 2.
hai good day. here is another forecast.
if the current pattern is flat, then the next move is suppose to be a 5 wave down. supposedly if would touch the fibo 60% (1.3491)
wait for a retracement and then go for long. it would earn you better.
Monday, June 4, 2007
EU -relable - wave iv comming up
im here to correct my labeling from which i uploaded yesterday. i came out with a newer version wave degree labeling. however the correction does not change much of the actual movement of the impulsive wave.
as predicted. now i think its the time for wave iv correction. hopefully it will retrace at either one of the fibo. 50% or 61%.
happy trading.
eu -at last u make ur move!
its been so long for the EU to go side way. so how bout going subway now..haha kidding.the pair shown some positive movement for impulsive wave.
still looking for the completion of wave iii.
Sunday, June 3, 2007
EU - have faith!
ok, here i update 2 different time frame for the pair. daily shown a zigzag going on..but we dont know wether the wave c has completed or not.
from the view of hourly chart, another x forming follow by triangle and flat. here, we are expecting the starting movement of impulsive waves. hopefully we can see positive result which lead us to wave v.
anyway, have a great monday. god bless!
Thursday, May 31, 2007
RIS goes well in the correctives?
hi, gud day, the pair seem to go flip and fold making it a more complicated corrective pattern. so here juz wanna highlight the RSI(14 period) which have been a good support and resistance level.
juz now at 1.3475, the rsi 14 do show a territory of good resistance. after touching level 70, the pair take a turn and go for lower 1.3444.
so far i can conclude that, the rsi 14 did make a good job in the corrective wave,especially in the formation of triangle and corrective wave combinations.
have a nice trading day.
Sunday, May 27, 2007
EU -is the pair going for an impulsive?
so good day to all. i will juz keep my words short.
so here is another relabel for the hourly chart, and i find the second chart is more reliable.
my view is- the pair is possibly moving for impulsive early stage. so keep an eye..
secondly, i can sense the appearance of bearish divergence. but its not the strong one i guess.
anyway, have a nice day ahead. and happy trading.
Saturday, May 26, 2007
EU - 2moro's market
fuh, i finally can get acess to the internet in my dorm..its been a long week of no internet coverage..i hate it! i cant do anyting last week, not even for trading..
accroading to my analysis the eu seem to heading for another low to complete the triangle. so far the Eu are making a longer wave (iv) correction then usual.
by the way, major wave (v) is still on its way.
Thursday, May 24, 2007
good day
hello guys. its been sometimes since my last post here. i was having a hard time trying to get the internet connection. the internet was suck for this whole week, i dont even have time to settle with my trading and to do proper on time analysis. so frustrated. the only source i can get is tru the library connection.
so for today's view on the market.
from the daily perspective, the Eur/Usd seem to be head for the completion of wave 4 correction. the ew guidelines have shown that earlier in the , where the alternation is can be spot in the major 5 waves. this means the correction for wave (iv) is going to more complex compare to correction on wave (ii).
Sunday, May 20, 2007
Saturday, May 19, 2007
sorry for the blur chart
hello guys..sory for the blur pic..please click the imager for larger and clearer view..
tq and have a nice weekend.
Friday, May 18, 2007
Thursday, May 17, 2007
EU brief
hello guys.....here it goes..my trade idea.
bulish divergence had form in the hourly time frame.
elliott called me juz now and says to me, the market has completed wave 2, and looking forward for a 3rd wave.
both divergence and the waves really goes nice together. they have a couple of drinks last night..haha
so lets put the pieces together and form a clearer view of the market.
Wednesday, May 16, 2007
oh my goat!
helo helo helo, yesterday i did't get the chance to post coz im quite busy.
so here we go again talking bout analysis. it was suck, i mean my wave count was suck, =), in my previous chart predicting a downtrend but the market prove the other way round. i think the counting have some mistake. so i juz going to relable all over again and come out with a new one.
my analysis really went wrong, and i really lose a some of my money, however i manage to catch the real trend and gets some +pips which cover up my previous loss. thank god.
for conclusion,
so far i have learn so much in EW analysis, the rule is, if you going to play the EW, be flexible and learn to admit your mistake. if you think you are the mister perfect guy, ew is not for you.
thank you.
Tuesday, May 15, 2007
Monday, May 14, 2007
EU - the euro is so numb...
yesterday movement was such as elephant..moving seem to take hundred of years. its killing me.
the price don't seem to have much changes from yesterday, moving up and down again and again and again.
so im still counting on my fibo and the bearish hidden divergence. it looks like im waiting for a chicken to fly like a bird. it took me so long..aduh...!
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