EURUSD HOW I WAS RIGHT AND SOMETIMES 1 PIP IS A LOTLOOK AT THE CHART, THAT'S HOW SOMETIMES USING A LIMIT ORDER CAN UPSET :(
AND YOU KNOW WHAT USE TO HAPPEN WITH ME IN SUCH SITUATIONS - YEARS AGO WHEN SOMETHING LIKE THIS WAS HAPPENING, I WAS LOOKING FOR A BETTER APPROACH, GUESS WHAT - I WILL NOT CHANGE ANYTHING NOW, THAT WAS SIMPLY SOMETHING WHAT SOMETIMES HAPPENS.
FOLLOW YOUR RULES - NO MATTER WHAT!!!
IS
EURGBP LONG ENTRY LEVELS More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones
NEXT WEBINAR (LONDON TIME): 15/07/16 19:00 www.youtube.com
Reviewing the most recent PA 1&2 period patterns we have:
1D Bearish Pattern
1M Bullish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1H WR4
1H WR7
4H WR4
4H WR7
1D WR4
1D WR7
1M WR4
1M WR7
Session (current session only) levels:
r3 0.84876
r2 0.84528
r1 0.84179
p 0.83501
s1 0.83152
s2 0.82474
s3 0.82125
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
GBP GOV CARNEY IS ABOUT TO SPEAK - COMMENTSWell most of the participants are expecting a Pound to go down, but we already had a surprise effect with interest rate decision, so what to expect now?
1 Economy - nothing has changed yet, even though G is leaving, it will take time
2 Friday - due to some explanations on Behavioural finance studies, the market is most likely to be illogical during
the Friday, so any move that might happen on Friday can be considered as a false one
3 Technical Analysis - in a short term perspective the price can actually have a volatile day
4 in case of a late signal there is a possibility for a stationary market later, so the moves can happen during the Monday's Asian session.
So choosing not to trade today at all might be a good idea my fellow traders!
Have a great day!!! And don't destroy your 2 days weekend with a 1 day - Friday!!!
GBPUSD LONG ENTRY SHORT TERM, TRAILING IS POSSIBLE More chances for a bullish continuation, what is confirmed by a recent 1d, 4h price action, and important level zones
Buy stop: 1,43701
Stop Loss: 1,43551
1st target: 1,43851
A Time management and Money management must be applied to the signals.
Always have time stops in mind.
This signals are part of my trading system that I have created for my students,
it’s easy to use and is with a straight rules. so 100% clear.
The market knowledge gives a bonus and a room for improvement , so market education is advisable,
The system is given as a part of educational process.
Limit orders are not shown here, but the system is giving them.
Any questions can be asked using email, website or Skype.
I really hope that even this signals will help you to keep your account growing.
Sincerely
Arturs J.
Marenno
www.marenno.com
skype: marenno.business
arthur@marenno.com
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
ETH/ BTC - THE BIG PICTURE OF CURRENT UPTREND - wave V targetHere we are at the beginning of the wave V, although I was not correct about wave b of IV beeing irregular, wave c of IV played out as expected. Now we are able to draw wave V price target zone. Based on a Fibonacci 1.618 extension we can conclude that wave V will end between 0.037 and 0.05 BTC per Ether. Wave V will have 5 waves like wave III. Watch them carefully and let the market tell us where it ends.
ETH/ BTC - THE BIG PICTURE OF CURRENT UPTREND - irregular wave BLooks like we're stuck in wave B of correction (of wave 4). This is an irregular (triangle) wave B - there are 5 waves in it (a-b-c-d-e). I've added two arrows to point out how such a wave B looks like, because it's rather rare. The end of wave 4 seems nowhere near, it can take whole April until it finishes.
ETH/ BTC - The BIG picture of current uptrendHere we have it: a perfect Elliott Wave in all it's glory. This view helps to get a bigger picture of where we are in the current trend. Targets are estimates only, as waves can get severly compressed and stretched both in time and price.
We'll be able to draw price target zone for wave V only after c of IV is concluded. I'll update the chart when this happens.
DATA VIEW (NOT A FORECAST): US REAL DEBT DOUBLED SINCE 2009US debt to foreign investors has doubled in volume since the start of 2009 (which was the height of the financial crisis). This indicates that despite the fact that the crisis occurred and was initiated in the US, the demand for their debt not only did not vanish - it actually spiked. In mu humble opinion, it is a very strong indicator of the actual strength of US economy.
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Please note, that the level of debt that US actually owns to the rest of the world is much lower than 100% of GDP. Actually, as long as the debt COST is affordable (and it is affordable now) - debt is not much of a problem.
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For more detailed info (very interesting stuff), please see: www.treasury.gov
GBP/JPY potential patternGartley drawn in a best outcome scenario. 618 C was held so that makes me think we will have a reversal. PRZ is not that narrow and since its a Gartley pattern we shall be looking for the AB=CD to complete. Stop losses a few pips after the X, TG1 and TG2 are on fib levels and in the best case scenario we will have a trade with around 4:1 RR. Just stare at the chart it could be one of the great trades this year.
That's all, folks.