ImreSG

ImreSG Updated 

USDCAD is giving us an awesome entry to go long. The trigger for this trade is an ending diagonal pattern (the wedge shape between the dotted lines). Why do we like this setup do much? A diagonal pattern is a sign of exhaustion. The choppy, shallow-sloped, overlapping price action is an excellent sign that price is weakening, and is due for a change in trend....

ImreSG Updated 

Triangles are always a treat to find on the charts. This is because the pattern provides an entry signal that is clear and easy to execute. In Elliott Wave Theory, a triangle pattern consists of 5 internal subwaves, ABCDE. When those subwaves are complete, a break of the triangle is expected in the direction of the trend that occurred prior to the triangle. In...

ImreSG

The USDJPY rally has a bit more gas in the tank than we first thought. But the 5 wave impulse that we were tracking is developing nicely, and still appears to be running out of steam. Here is our updated analysis on the lower time frames: we have a 5 wave impulse that is nearing completion (at multiple wave degrees). And even better: what pattern appears to be...

ImreSG

USDJPY has seen an impressive rally from the lows in late May. But there are cracks in the armor: we see strong momentum divergences in both the MACD and the RSI. We also have a nearly complete 5 wave sequence (the wave count inside the circles), with a triangle as wave ((4)). This is very telling from an Elliott Wave point of view. Why? The triangle pattern...

ImreSG Updated 

Bitcoin outlook: We are tracking an ABC flat correction that is nearing completion. We are currently in wave 5 of (C). We are watching for a small bounce, then one last push down to an area of Fibonacci confluence around the $20,000 - $24,00 area. We expect price to reverse at that level, beginning the final bull wave of the larger term wave sequence. We focus on...

05:07

ImreSG

Hello Traders! Welcome to this quick video update on the TSX Composite Index. This video has something for everyone. Whether you are a seasoned practitioner of the Wave Principle, or brand new to it, I hope you learn something valuable here.

ImreSG Updated 

Triangles are great patterns to see on a price chart. They are easy to spot, and provide very clear levels for entry and profit taking. We are currently watching for a short term bullish trade opportunity in Bitcoin. The triangle pattern is complete, and price is currently approaching the key level of 30,735 (the level we will use for entry). We are targeting...

ImreSG Updated 

Elliott Wave Analysis - Ethereum. We have wave (1) in place with a clear 5 wave count. Wave (2) is likely in place due to the depth and shape of the 3 wave correction. What follows next should be a strong wave (3)

ImreSG

ETH/BTC is currently trading sideways in what is highly likely to be a Wave 4 contracting triangle. An Elliott Wave triangle requires 5 distinct waves labelled a-b-c-d-e in order to be considered complete. As of right now, we have 4 waves. Wave D may still be taking shape. So long as Wave D does not exceed the height of Wave B the triangle interpretation will...

13:53

ImreSG

Tips and tricks on how to use channels in conjunction with Elliott Wave analysis to determine high probability targets and objectives.

13:21

ImreSG

Educational video that covers exactly how I use Elliott Waves to analyze the market and then how I switch gears to actually find trade setups.

11:33

ImreSG

Educational Video on where to start your count. * important to know the rules and guidelines inside and out * important to have alternative counts in mind * don't get married to one count!

ImreSG

Who sets interest rates? Is it the central banks... or is it the free market? Given that the FED's dovish approach clashes directly with this forecast, it would suggest that it is the latter. My opinion: the FED isn't a leader, but a follower of the worst kind. Consistently making mistakes at the tops and bottoms of markets. If the market pushes rates higher for...

19:16

ImreSG

I walk you through my thoughts on the dream that most traders have: doing it full-time! I give you my personal experience and how I've tried things in the past. What I'm doing now and what works for me. Key takeaways: - The trifecta: access to capital, good strategy, cost-of-living. You have to solve for 2 / 3 of these! - You can't buy peace of mind. Have...

15:48

ImreSG

This video is part 2 of an ongoing series on trading psychology. Overview: - How having an analytic methodology is the foundation for everything - Risk management follows from having an analytic methodology - To develop strong trading psychology, we must have an analytical method and a risk management strategy

ImreSG Updated 

There is an increasingly high likelihood the sell-off in Bitcoin is complete. This sell-off marks the end of corrective wave 2. What should follow is a strong surge higher as wave 3 begins to unfold.

ImreSG

Elliott Wave Analysis of Ripple (XRP). We have a clear 5 wave advance to label wave (1). The ensuing 3 wave correction has retraced very nearly 61.8% of wave (1). The depth and form of the correction allows us to label it as wave (2). What should follow is a strong surge in buying volume as wave (3) gets underway. wave (3) can be targeted using a fibonacci...

06:19

ImreSG

Educational video on how to adapt EWT as a trading methodology.