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.

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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.

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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.

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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).

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EU -so happy coz its sunday!

happy Sunday, so here is another update for EU..enjoy.

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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.

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EU -monday update

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EU - juicy pips cooming up

dont forget to get some juicy pips from the following EU setup.

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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.

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EU daily

looking for wave 3, its going to be a good one =)

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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.

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EU -short term update

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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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update for EU

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EU H4 -baby wave a is comming

hello, a very good afternoon to all. a good day to start the trading week rite. im here again to update my wave analysis. so from the chart, i assume you know where the wave is pushing rite. its not going to b a tsunami wave. probably juz a small wave to complete wave 5 which lead to a completion of baby wave a. so im still looking for the formation of bearish hidden divergence to conform the entry.

further information i will update later in this blog. thank you.

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EU H1 - what a lovely day for movie time.

hi there. for the trader in da club! whats up? so how is trading last week?
today im going to update analysis on EU but before dat, lets me make some announcement. "starting from today, im going to use the divergence as part of my analysis beside EW".

back to the chart. so here we can clearly see the movement of wave 1 2 3 and 4..so do you see any sign of the beginning of wave 5? - the bullish hidden divergence show us(give us some tips), which means probably next week the price movement is going down.

so i hope everything is going to be fine. me myself is having a cup of tea while watching some movies. its a day for all the trader to take a couple days rest.

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so i finally close my post.

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EU H4 simple analysis

hello guys..how's trading? here i would like to share my trading result, but its not the final result. not yet close. im looking for the completion of wave 3, probably will finish soon, and will continue looking for the formation of wave a. hopefully thing goes smooth.

have a nice trading day.

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more infomation regarding PAINT.net

i have in the past asked by some friends regarding the PAINT.net which i recommended before in my blog. so here i would like to explain more bout the software.

1) where i can download the software?

you can use this link to download it:
http://www.getpaint.net/index2.html

2)how to draw numbers inside a circle
first type "T" on your keyboard, then change the font to wingdings 2.
to have 1 in circle type J on your laptop, follow by K , L , M , N. you can see the sequence on numbers in a circle.


i had been using this software for all the EW labeling. its a very powerful tools.
hope i have shown you enough here. have a nice trading night.

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EU H4, what a home run for dollar!

hi my friends..here is another update on EU. the main trend is still down.
for the past few days, i have been watching my account increase as the pips runs down.
i am hoping for a DT continuation. to form a complete wave 3.

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EU H4 - chart relable.

hello guys.i have some adjustment for the EU H4 time frame.

so sit, relax and enjoy.

happy trading.

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mr soros class update -by zenocorp

hello guys, sorry for the late update, im suppose to update

yesterday which i fail due to several reasons.i finished

the class at about 630pm yesterday an i hurry back to pudu

to catch up my bus at 830pm. so i have no time posting

yesterday, and its a very tiring day for me.

so i reached campus about 1200. after i took my bath then

realize that the internet connection in my dorm(the entire

guys dorm) had been cut down. i was so frustrated.haha..

i manage to go to the astaka at 900pm today 6 of may

2007(which took me about 200miles riding a bicycle) and

post this.


so here im going to briefly share what i have learn from Mr

soros's class.


1- what is EW?

a nature's law -secreat of the universe (sound powerful

rite.) why it is called universe? because it can simply

apply to everything in this world. ex: ur body pulses, ship

navigator, statistic, financial market and you name it.


2)- can it apply to currency trading?

ofcoz la...dats why its call the nature law.(like power

ranger) heheh. ok, frankly it helps us the see the pattern

in the market. juz like what Mr soros says, "what you see

is what you get". so if you know how to see the pattern,

you know where the market is going. you are no longer need

to worry bout the news or any other indicator-juz the

pattern!


3)- topic covered?

a) motive waves -impulse: extention and trunkcation
-diagonal triangle

b) corrective waves
-zigzag
-flat
-irregular
-horizontal triangle
-combination of corrective wave.(there are all together 24 pattern of corrective waves combination.-not included the basic 4 corrective waves)


c) rules

d) guidelines -equality, alternation, depth, channeling,
throw over, volume, post-triangle thrust
measurement.

e) wave personalities

f) Fibonacci relation ( i found this part interesting )
fibo actually have a lot to do with EW.


is that all?

no, he also teach teach us a system which is call the "sistem penyu bertelur".the system was first created by a legendary trader named bill Williams. the system is also use to determine EW impulsive and corrective wave.


5) who the hell is bill Williams?

aha..this guy win a world trading tournament. he turn his 10K to i million in juz 1 year. this guys win the tournament 2 times in a row. he later teach the technique to his son, where his son also become the winner of the world tournament.


6) nice advice from Mr soros?

learn not to trade.


ok, dats all for update. thank you for viewing

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EU H4 -i miss the new today.

hello, its been a very tiring day for me. i have travel all the way from kuantan to KL, so it took me 3 hours and a half to finally reach Pudu bus station. i here for business(forex) purpose. its gonna b a one day trip.

so here im at the Starbuck doing some analysis for of the day.
the news at 830pm i guess turn bad for the us. its a hike up. btw i came out with the wave..(we surf the wave-malaysian wave!) so the DT seem to look like an A wave which probably an extended five wave diagonal triangle. if that really happen, i would assume an down movement to complete the triangle and a B wave moving up beating the rest. hopefully its gonna happen.

cheers.

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EU weekly

well i have say it again and again..weekly seem to be a much more clearer movement.
notis dat..a flat happend (or what u guys call that double top). it seem to be a great weapon for trader.

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is dollar started to strengthen?

alright..here is another analysis concerning the 4 hour timeframe. i realy enjoying ploting the count for a bigger time frame, coz i found it much stable. from the graph
above,im looking for a formation of the correction a wave.i may not want to be wasting my time detailing the numbers.hopefully you guys can enjoy the show.tq so much for visiting!.

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EU-H1 juz as planned!

hello guys, im here again with the EU hourly analysis.i have been struggling trying to upload the chart on the blog for the past 2hours because the internet is really slow( my new room-suck!).juz as planed, the pair has completed its fifth wave and going for a abc correction.

a wave in my opinion has completed its turn, b seem to have a short term force to move up. the c wave should be something that we need to wait for.

thank you so much and have a nice day ahead.

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