Monday, May 31, 2010

Gbp vs Jpy 1H


Preferably, I'm looing for another bearish continuation trend scenario refering to the alt subwave count in aqua. A valid "rising wedge" pattern and follow by a breakout towards the yellow critical line would bolster to this scenario. Otherwise, please be careful for any breakout to the aqua critical line. Good luck.

Sunday, May 30, 2010

Gbp vs Jpy 1H


Favourably, I believed will perform another bearish trend either to complete subcorrective wave b in white or wave 5 in magenta. A breakout towards the yellow critical line and lower red trendline would bolster to this scenario. Otherwise, please be careful for any breakout towards the bullish continuation critical line 1. Good luck.

Thursday, May 27, 2010

Gbp vs Jpy 1H


At this moment, market is more likely in favour towards the alt counts either in yellow or white. But, please be noted that market still have a possibility to perform a bearish continuation trend scenario in magenta. A pullback later would bolster to this scenario. Happy weekends and good luck.

Wednesday, May 26, 2010

Gbp vs Jpy 1H


At this moment, a true breakout from either the bullish continuation critical line 1 or the bearish critical line 1 & 2 is necessary to determine which alt counts that is more favourable. Advisable to monitor all the critical lines including the trendlines before making any decision. Good luck.

Tuesday, May 25, 2010

Gbp vs Jpy 1H


At this moment, I'm looking forward for an opportunity towards a bearish continuation trend scenario refering to the alt count in magenta. A breakout towards the pivot and S3 critical line would bolster to this scenario. Otherwise, please be very careful for any breakout towards the bullish continuation critical line 1. Good luck.

Monday, May 24, 2010

Gbp vs Jpy 1H


At this moment, a breakout is still yet remain to be seen to determine which alt count that is more preferable. A valid "rising wedge" pattern would bolster to the alt coun in magenta scenario. Otherwise, we may see a bullish reversal trend either in yellow or white. Good luck.

Sunday, May 23, 2010

Gbp vs Jpy, Aud vs Usd and Usd vs Cad - Market Overview


Gbp vs Jpy (1H) - At this moment, I believed market in progress to perform sub corrective wave a in white or wave 4 in magenta. Therefore, I'm looking forward for another bearish continuation trend scenario later either to complete sub corrective wave b in white or wave 4 in magenta. Otherwise, please be careful for any breakout towards the upper green trendline and R3 critical line.


Aud vs Usd (Daily) - Preferably, I believed market in progress to perform a major bearish reversal trend scenario to complete major wave C either in white or magenta. Please be careful for any bullish retracement trend scenario later.


Usd vs Cad (Daily) - Favourably, I believed market already in progress to perform a major bullish reversal trend scenario to perform wave C either in white or yellow. Please be noted that market have to perform a 5 bullish wave structures to complete wave 5 in C. Therefore, please be careful for any bearish retracement trend scenario later. Good luck.

Thursday, May 20, 2010

Gbp vs Jpy 1H


At this moment, please be careful for any possibility towards a bullish reversal trend scenario either refering to the alt counts in yellow or white. A diagonal triangle pattern and a bearish trap scenario would bolster to this scenario. Otherwise we may see another bearish continuation trend scenario. Happy weekends and good luck.

Wednesday, May 19, 2010

Gbp vs Jpy 1H


At this moment, a significant breakout from either the magenta critical line or yellow/white critical line is necessary to determine either we shall see a truncated scenario (bullish reversal) refering to the alt counts either in yellow or white ; or an impulsive scenario refering to the alt count in magenta. A valid diagonal triangle reversal pattern would bolster to the alt counts either in yellow or white scenario. Otherwise, a breakout to the strong support 129.66 would favour to the major bearish continuation trend scenario in magenta. Good luck.

Tuesday, May 18, 2010

Gbp vs Jpy 1H & Daily


Gbp vs Jpy (1H) - Favourably, I believed we may see another bearish continuation trend scenario either to complete subwave v (aqua) in wave 5 (white) to perform a "bearish trap scenario" or another major bearish continuation trend to complete major wave 5 in magenta. Otherwise, we may see a bullish reversal trend scenario if the "double bottom" pattern in valid.


Gbp vs Jpy (Daily) - Please be noted that a "double bottom" scenario would bolster to the alt counts either in yellow or white. Otherwise, I believed we may see another bearish rally perhaps to re-test the previous bottom (118.82) refering to the alt count in magenta. Good luck.

Monday, May 17, 2010

Gbp vs Jpy 1H


At this moment, more likely wave 4 is already completed either refering to the alt counts in yellow or magenta. A breakout towards the pivot critical line would bolster to this scenario. But please be noted also that, we may see another bullish retracement trend scenario to complete the unfinish of wave 4 in white. Also please take note that we may see a truncated of wave 5 scenario refering to the alt counts either in yellow or white. Therefore, a significant movement and breakout is still yet remain to be seen to determine which scenario that is more in favour. Good luck.

TRADING ALL NIGHT

A few weeks ago, me and several of my trading colleagues got together for a night of trading during the London opening session and into the U.S morning session. Of course, this may not be a big deal to those of you who live in Europe, but for us living in the EST time zone, it is a totally different story. As traders for the last several years, we all have come to terms with this and it isn't such a big deal anymore. I think it is important to interact with those in the trading community. Whether it be in an online forum, in a local "Meet Up" group or if you are currently trading with personal friends, it helps to meet with other like minded individuals who share your vision for success. I am fortunate to have built an alliance with some successful guys. We are all at different stages in our trading. Some of us are full time traders and others are still developing their trading models and approaches, however the goals are all the same; to become the best traders we possibly can be. What is important about interaction with traders is not that we need to copy what they do or clone them, but actually find out what they are thinking, why they are thinking it and how that might be an advantage to them or us, or quite the opposite. It puts perspective on what we are doing here. It also gives an outlet to be honest with those who understand you the most...other traders. Just like the market, we all have our ups and downs. We wonder why our model isn't working in the current market conditions. We struggle with confidence issues from time to time. We need someone to bounce ideas off of or get another view of the current market sentiment. Then there are times that we just need a pat on the back for working hard, placing good trades and following our trading plan. It's all about our humanity and the need for human interaction with those who share our passion for the markets. I can say that the guys I have been fortunate enough to meet through trading and who I constantly communicate with have supported me in ways that only other traders can appreciate and have added value to my life that only I can truly appreciate. I would like to offer my thanks and although all of traders I have built relationships with are not pictured here because of geographical obstacles that kept them from attending, you know who you are and I say, "Thanks to ALL of you for being part of my team".
Pictured from left to right...Andrew D, Rodney G, Wilmont B, Andrew C, Ryan B and myself.

Sunday, May 16, 2010

Gbp vs Jpy 1H


At this moment, I believed market in progress to complete wave 3 either in yellow. white or magenta. Therefore, I'm expecting for any possibility towards a bullish retracement trend scenario later to perform wave 4. Please be noted that we may seem to see an extension of wave 3 in magenta but please be careful for any "double bottom" or a "bear trap" scenario. Good luck.

Thursday, May 13, 2010

Gbp vs Jpy 1H


Preferably, I believed market in progress to complete subwave iii in aqua and looking forward for an extension of wave 3 either in white or magenta. A breakout towards the S3 critical line would bolster to this scenario. Please be careful for any bullish retracement trend scenario perhap to perform subwave iv refering to the alt subwave count in aqua. Happy weekends and good luck.

Wednesday, May 12, 2010

Gbp vs Jpy 1H


At this moment, I'm expecting market to perform a pullback from the pivot critical line and looking forward for a breakout towards the red lower trendline. Otherwise, please be careful for any breakout towards the pivot and R3 critical line. Good luck.

Tuesday, May 11, 2010

Gbp vs Jpy 1H


Please be noted that yesterday previous alt count in white is already invalid. Preferably, I'm looking for a bearish continuation scenario refering to the alt counts either in white or magenta. This scenario would be invalid if market perform any breakout towards the magenta/white critical lines. Good luck.

Monday, May 10, 2010

Gbp vs Jpy 1H


Favourably, I believed market will perform another bearish continuation trend scenario refering to the alt counts either in white or magenta. Please be careful for a bullish trend either to perform subwave 2 in magenta or subwave 5 in yellow. Good luck.

Sunday, May 9, 2010

Gbp vs Jpy 1H


At this moment, I'm looking forward for a "pullback scenario" from the magenta critical line to perform another bearish contiuation trend scenario. Otherwise, we may see another retracement trend scenario perhap to complete the unfinish wave iv in white. Good luck.

Thursday, May 6, 2010

Gbp vs Jpy 4H


At this moment, I believed market in progress to complete wave 4 either refering to the alt counts in white or magenta. Therefore, as long the magenta/white critical line is remain intact, I'm looking forward for another bearish continuation trend scenario either to complete a truncated wave 5 in white or an impulsive wave 5 in magenta. Have a nice weekends and good luck.

Wednesday, May 5, 2010

Gbp vs Jpy 4H


At this moment, market already at the major lower red trendline. Therefore, please be careful for any bounce scenario. Preferably, I'm looking forward for another bearish continuation trend scenario perhaps to perform subwave 3 in c refering to the alt count in white or c in magenta. Otherwise, this scenario would be invalid if the white critical line is taken. Good luck.

Tuesday, May 4, 2010

Gbp vs Jpy 4H


At this moment, a breakout towards either the major upper yellow trendline or the major lower red trendline is still yet remain to be seen to determine which alt counts that is more in favour. Therefore, advisable to monitor for any breakouts (true or false) later. Good luck.

Monday, May 3, 2010

Gbp vs Jpy 1H


Please be noted that the previous alt count in white is already invalid. For the moment, I'm looking for an opportunity towards a pullback scenario form the R3 and upper green trendline critical line refering to the alt count in aqua. Otherwise, we may see a double top scenario (magenta) or see another strong bullish continuation trend scenario refering to the alt count in yellow. Good luck.

Sunday, May 2, 2010

Gbp vs Jpy 1H


At this moment, I'm looking forward for an opportunity towards the bearish reversal trend scenario refering to the alt count in white. A strong breakout towards the S3 critical line would bolster to this scenario. Otherwise, please be careful for any breakout towards the white critical line OR a possible major ascending triangle pattern that would favor toward the alt count in yellow scenario. Good luck.