USDJPY (Trading idea)

Quick update. Pattern in formation ( not formed yet )

Best to your trading
PH

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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).

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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

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SPX daily update (Part 1)

We can't trust to much at these choppy waves but at short term this is my primary count.

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SPX intraday update (Part 3)

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 :).

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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!

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SPX intraday update (Part 1)

At short term seems wave v of C of C is in play.

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.

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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.

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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.

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