jake66

jake66

As we can see not he daily chart we have had a major change in support and resistance. Hoping I can catch the movement down to 1.0400 with this possible wave 3. Tight SL with huge TP potential. love this set up!!

jake66

Green lines play as support and resistance zones. As of right now I see this precious metal breaking resistance and flying back up to the 1750$ area. Second option is it could bounce back off resistance where it is at now, fall down to 1150 wish then fly up. And lets think about this for a second... Could gold REALLY go down under 1000$?? I don't think so....

jake66 Updated 

Messing around with some Elliot waves tonight and this is what I found on USDCAD. Nice impulse wave 1 then a wedge corrective wave. Hoping wave 3 tanks way down to 1.1000

jake66 Updated 

2 scenarios of what could happen. Let start with the blue arrows. I hope this happens. Hoping price dips back down to main support of .7000, from there we can enter and have a really good entry. Second scenario is if price breaks past resistance then I will be looking to buy on the retrace. Both scenarios are BULLISH

jake66

Looking like AUDUSD will be bearish for a while. This is simple support and resistance zones for this pair. However if this pair breaks resistance then we have a tight SL in place so we can catch the move up.

jake66 Updated 

Short term long position with CABLE

jake66 Updated 

Looking for TP of 20 pips

jake66 Updated 

Tight STOP. going for 10-15 pips.

jake66 Updated 

Allow a big enough stop for one more bounce off the bottom of the condensing wedge, then it should take off. TP: 1.4525

jake66 Updated 

good time to enter short CADAUD and catch wave 3 down. only problem is this is a slow pair and not much movement.

jake66 Updated 

Green: Main waves and the bigger picture. Blue: Small waves inside of the bigger trend, both are pointing to the short position. Red lines act as support and resistance creating a channel. (Catching wave 3 on both waves) Hoping a short down to at least 1.3305 which would be a 1.618 extension of the blue wave 1. Also a possibility down to 1.3000 which is a...

jake66

(Green) I see a good wave 1 then a perfect retracement to wave 2 (.618) , Now it looks like it should tank way down past .9200 (Blue) smaller waves inside of the larger picture. Another perfect .618 retrace of the first wave. Also there is a channel forming with also gives a good indicator price will be dropping past .9300 (hopefully by the end of the week)

jake66

There was a reversal right at the .618 retracement of wave 1 Hoping to catch wave 3 wayyy up

jake66

Entering .5 retracementt of wave 1. Trying to catch wave 3 up to at least .7447, possibly higher. SL. put at .6832 RSI also suggests this uptrend will continue.

jake66

Wave 2 came right to .618 exactly. Wave 3 should drop to AT Least 1.7069

jake66

Hoping wave 3 comes all the way up to.7337 (Max extended) then tanks down to .382 retracment. Looking for 200ish pips on this wave 4 short

jake66

Bought a call option at the bottom on wave 2. Buying options for this trade to expire at the end of the week because this isn't a fast moving pair, none the less I think this is to rise up to 82.00 ish

jake66

Sell around 157.000