SPX intraday update (Part 1)
Wednesday, September 30, 2009
Possible triangle is my alternative count.
Nasdaq100 update
It seems the Nasdaq is ready to go upper...
On the long term... (remember this post?)
Well, here is the updated chart:
Best to your trading
PH
SPX intraday update (part 4)
Tuesday, September 29, 2009
Hard to know if wave b or ii of E already finished.
SPX intraday update (Part 3)
I would like to see in this wave "b" or "ii" a triangle. To early to label this wave but it's a personal guess :).
EDIT: No triangle but only a bullish wedge. Chart very soon. Read more...
SPX daily update
After some rest i decide to publish this count, where wave A of E may finished at 107x's. This last wave E may finished between 1090 and 1110 points and the duration will be between 5-8 days. The end is near...the bloody war will began very soon and we should prepare for this.
SPX intraday update (Part 3)
Monday, September 28, 2009
Maybe wave "a" or "i" of E finished. At short time my Ew's count was changed and latter i will show the respective changes (this wave "i" or "a" was label with extended wave v).
Read more...
SPX intraday update (Part 1)
Nothing new to say... After 3 days of correction wave D maybe already finished and now SPX is doing the last wave (wave E) of P2.
Read more...
XAGUSD UPDATE
Possible top for XAUGUSD at medium/long term. Let's see what they do at 16.x's support.
SPX daily update
Another lovely weekend finished and another hard week began.
On the big picture I changed the label of "my" possible bearish wedge. However at short time my count still valid and alive. I truly believe it's missing one last upside (and new highs) to finished this bear market rally (P2). On other hand, the bears must work hard to make believe P3 already began.
Read more...
Good Weekend
Saturday, September 26, 2009
PS. Please respond to my poll and let me know your opinion about this sell off. Read more...
SPX intraday update (Part 2)
Friday, September 25, 2009
Possible bullish wedge is forming or already finished.
SPX intraday update (Part 1)
Today's action don't seems to bullish and actually i'm a little more bearish than yesterday as you can see in my chart.
SPX daily update
For now everthing happen as expected so I don't see any reason to change my short and long term count. My last update still valid and tomorrow for sure i will show more charts :). Good night to all of you.
Read more...
DAX intraday update (Part 1)
Thursday, September 24, 2009
My primary count for DAX (medium and short term).
PS1. At SPX I already count 5 waves (wave C?) and maybe the bottom was made at short term. For now i just see a perfect abc. You can see this in my last SPX intraday update.
PS2. Please respond to my poll and let me know your opinion about this sell off.
PS3. Moguita try in your last comment do in english (I must show this problem to Disqus). Thanks.
Read more...
PS2. Please respond to my poll and let me know your opinion about this sell off.
PS3. Moguita try in your last comment do in english (I must show this problem to Disqus). Thanks.
USDJPY short term expectations...
A little update Elliott wave based in conciliation... If the pattern doesn't form, just ignore those USDJPY posts ;)
We are having some troubles with disqus comments so if sometimes we don't answer don't take it badly :).
Best to your trading
PH
SPX daily update (Part 2)
For short term wave D began and may last only 2/3 days then i expected new highs again. My last chart is a possible count since the new highs (1 minute chart). Don't forget my primary and some alternative long term counts are post below of last PH USDJPY update.
Read more...
USDJPY (Trading idea)
Wednesday, September 23, 2009
Quick update. Pattern in formation ( not formed yet )
Best to your trading
PH
SPX daily update (Part 1)
First of all i want to apologize for not having done any intraday update but today I was in a important meeting for much part of the day.
Today i'd like to remember my long term count and some alternative options. For the short term i will count this last selloff as part of wave D of this huge bearish hedge. We must have some values broken to confirmation of the end of P2. Until now, the bears only show they still alive. My first alternative count is very similar with my primary count but, but if we don't broke 1039, we can count this wave Y as a simple ABC. For now i have truly doudts of the end of P2 but as everthing is possible i will show the EWI primary count (my alternative bearish count).
Read more...
Harmonic trading - Butterfly Bearish
Another pattern shows up today and sadly i didn't see it. Can´t be always at the computer and when we are on small time frames we loose lot's of those. That's why i prefer 1 hour minimum to trade. This one is a Bearish Butterfly and you learn a lot about it if you fallow this link. 2D patterns can obviously be bullish or bearish but the software paints the pattern with a specific color in witch one of the cases for easiest identification. Again, all this is completely free and you don't need Christmas time to get it ;). We are having some troubles with disqus comments so if sometimes we don't answer don't take it badly :).
Best to your trading
PH
Read more...
SPX daily update (Part 1)
We can't trust to much at these choppy waves but at short term this is my primary count.
SPX intraday update (Part 3)
Tuesday, September 22, 2009
A quick chart cause i must dinner and rest a little. All waves since yesterday seems corrective so at short term this is my primary count. See you latter :).
Read more...
SPX intraday update (Part 2)
EDIT: Bulls in control and at same time we can have a possible inverted H&S's . On other hand this wave v may be an bearish wedge. Let's see what "they" do!
Read more...
SPX intraday update (Part 1)
At medium/long term my bearish wedge still in play and after this wave v of C of C maybe will have a small pulback and then again new highs to finished this P2.
Read more...
EURUSD Update - Gartley Pattern
Hi there. As i told you before, we are now working with a new software that automatically detects some kind of patterns. On todays example, and because the pattern shows up today, we will show you the Gartley pattern, maybe one of the most powerful patterns of harmonic trading. I'm sure most of you don't even know what is a Gartley (i didn't know it last week too), but if you google it i'm sure you clear all your doubts ;). Harmonic trading basis is establish a series of relations, Fibonacci numbers based, between price AND time, and draw a 2 dimensions pattern that can be used to identify the end of movement. Of course, no pattern can guarantee new highs or new lows. The most usual to get with these is a Fibonacci retracement 38,2%; 50% 61,8%, etc... A little confuse at the beginning but the screen shot speaks for it self.
Read more...
SPX daily update
Today was a strange day. NDX made new highs and DAX invalidate my count. On other hand SPX had a choppy session and it is difficult to label this pattern. Short time seem's that is missing one last wave to the downside. However, the odds suggest new highs will be made very soon.
P.S. Anyone having problems to add comments? I can't reply to none of you (Disqus problem ). Thanks to Creepy, Moguita, Jorge and Carlos for your analysis.
Read more...
P.S. Anyone having problems to add comments? I can't reply to none of you (Disqus problem ). Thanks to Creepy, Moguita, Jorge and Carlos for your analysis.
SPX intraday update (Part 3)
Monday, September 21, 2009
Boring and choppy session. Still have doudts if wave iv already finished. Latter i will show my charts.
Read more...
SPX intraday update (Part 1)
No to much secure with this count cause DAX already intercept wave i with iv.
GBPUSD Update
Sunday, September 20, 2009
Yes, that´s right! Never thought to make it but i did... I've started to study this pair too. Many thanks to Carlos (http://followmarketrend.blogspot.com//) that make me develop a big interest on it!
Best to your trading.
PH
What about the Nasdaq?
Saturday, September 19, 2009
Some thoughts about the Nasdaq.
Best to your trading
PH
DAX daily update
Wave iv still underway and very close to finished. So next week SPX will have new highs. Good weekend for all of you :)!
DOW daily update
Hello there.
Today i leave a Dow update and all the shots were taken using my new software. The name is Metatrader 4, and in my opinion, with the right combination of indicators, can really give traders a good hedge. Just google it and give it a try. Before that you never want to hear about that Saxo platform again. Because it was created forex based, I recommend GCI metatrader, as GCI is a broker with all that indexes that we want: SPX, NDX, DAX, Gold, etc.
On the next updates i will talk a little about harmonic trading since it was the primary reason for this change.
Enjoy and best to your trading
PH
DAX intraday update (Part 1)
For short term the waves are not clear if wave iv already finished but very soon maybe DAX will have some pullback to complete wave d of this large wedge of wave Y (big picture).
You can see this count in SPX big picture charts on:
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3nVN93Zko0MrGJpkQGp8inZVOX__j3jYoLv3IbORljYOLEGT09QwdPnTze2kKCTwm2lWIox6AoBuxonHXxLOwS03oL_yQgTFk3V3Xx3Y936FNZxrHlvjYEFehpYYgtrI8b44jlDLUOn3-/s1600-h/spx.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_RBLiyGl4kJs_Zspz9hyLyCRVwjIxMjJOiNk3li_N5xvJSCaAI1oIVKxy-AAZDyVwdL_Pn4iCVLGbagguM5L4ymOH5mn3tzRM-Q0D1lnopyXCuF-AkuLwxZPG-XVbO0Uah7P6y_ec9GDs/s1600-h/spx.jpg
SPX dialy update
Still have some doubts if wave iii finished. However if tomorrow we have another choppy session the odds suggest this count is correct. Now is better wait and see outside.
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