Shivkumar600

Shivkumar600

OK so not sure how many of you went short the YEN, here is the latest update, no change in the outlook and markets is doing as anticipated (check my previous post), wave (x) will drag the prices lower towards 110 - 109.50 region This region will be the ideal levels to go long on this market, the longer term target still stands at 120.00 ...good luck

Shivkumar600

Just as i thought and published over the past few weeks, the question is, is this the BUBBLE or a long term bear market, with market going past the 6055$ with ease, there could be acceleration towards the 3800$ mark, stops can now be moved to 6550$ on a daily close, aggressive traders can move trailing stops on an hourly closing candle...THIS IS A BEAR MARKET AND...

Shivkumar600

With due respect to all the traders out there :) we all draw lines and we all know from where the market will turn but unfortunately not many survive the onslaught. How many a times has the stop hit or market did exactly the opposite what the wise man has predicted. I once read when i started my career 20 years back, "the bulls and the bears wins the race while...

Shivkumar600

sell the yen in the A-B-C correction...stops above the 114.55 on a daily close...markets will target the 109.50 handle over all this is a bullish market, refer to my previous post for the long term targets (120.00)

Shivkumar600

one of the most boring markets ever, the party is not yet over though....as long as market is below 7412 $ the chances are for a more bearish correction towards 3800$....however i will not join the party yet, with the market in no mans land i will wait for the 6055$ to break to join the bears

Shivkumar600

I SEE POSTS AND THE STOPS DOES NOT MAKE ANY SENSE, IT IS SO VERY IMPORTANT WHEN WE DEFINE A STOP OR TRAILING, MOST OF THE TIME TRADERS OPT FOR SHORT TERM TRADES AND GET TRAPPED, RISK REWARD RATIO AND THINGS LIKE THAT, I HAVE TO ADMIT ITS HILARIOUS, ITS LIKE DRAWING A TREND LINE ACCORDING TO OUR CONVENIENCE TYPICALLY STOPS SHOULD BE USED DEPENDING ON THE TIME...

Shivkumar600

WELL THIS TOOK SOME TIME ....AND I FINALLY GOT MY DRAWING SKILLS RIGHT....:) REFER TO MY EARLIER POST WHERE I WENT SHORT AROUND THE 7800$ ....MARKET IS IN THE 3 WAVE AND THE PROJECTED TARGET IS AROUND 4500$ AREA....UNLESS 7412$ ON A DAILY CLOSE GIVES AWAY THERE IS NO REASON TO ABANDON SELL....THE MARKET IS IN A LONG TERM BEARISH MODE ...GOOD LUCK TO THE HODLERS...

Shivkumar600

if you would have followed my last post on the yen...i had recommended sell around the 114 region and then go long on the 4th wave...market has rebounded of the region and now we can have one final thrust towards 115 before market coming down...stops will be below the 111. 80 on a daily close.....

Shivkumar600

the chart explains all....again these are long term trades....check for levels and enjoy the ride.....upside is about 200 odd pips...i would rather sell into 1.9000 towards 1.7800...good luck

Shivkumar600

i usually publish long term trades, not interested to catch 30-40 pips and ruin my day sitting in front of the system, rather just trade and go to the beach and enjoy, so there would be fewer trades published....daily chart explains it all....enjoy

Shivkumar600

adding some more visuals for my previous post :)

Shivkumar600

ok...so pretty much moving as expected...look at me previous post....so pull back expected towards 112.50 and we go long from there towards 116...enjoy and do post your comments and click "like" for more continuous support :)

Shivkumar600 Updated 

sorry for the bad drawing :) but yea BT is heavy and will drop, refer to my last charts, Market may try 6800 before dropping ....7412 still remains the key...

Shivkumar600 Updated 

i haven't covered bitcoin earlier, but this is what it looks like selling into the rally is what looks sensible, there could be a bounce towards the 6600 area and should fall towards 5800 and then 3000, only above 7400 will change the bearish outlook, market is still in the negative territory and will give chance to sell in the 6600 territory

Shivkumar600 Updated 

NOW THIS IS WHAT I AM LOOKING AT, WAVE B LOOKS TO DROP TO THE 1.1450 REGION AND THEN THE RALLY TOWARDS 1.18500, STOP ON THE SELL TOWARDS 1.1450 WILL BE AT 1.1645 ON A DAILY CLOSE ....ENJOY

Shivkumar600 Updated 

As long as market is above 1183 on a daily close look for higher....1340 is the projected target....good luck

Shivkumar600 Updated 

day traders can go short the USD JPY at market with a stop above 111.50 on a hourly closing, medium to long term traders can go short with a stop above 112.15 on a daily closing targets will be 109.75 and below

Shivkumar600 Updated 

Short at market with stop at 1.8350 on an hourly closing....immediate support at 1.8250 and then 1.8180