Archive for the 'Elliott wave' Category
posted by khairulazmi.com13th, 2008
Dear Online Bisnes Reader,
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Regards,
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posted by khairulazmi.com27th, 2008
Prechter Releases Free Resources on What to Do in a Recession
Our friends at Elliott Wave International have released another exciting resource that we think is well worth your time. We’ll, it’s actually a group of resources – more specifically – 3 FREE videos and 1 FREE report that all speak directly to what to during a recession.
The 3 videos include Elliott Wave International CEO Robert Prechter’s latest appearances on Bloomberg television from March 2008, November 2007 and October 2007. The videos present Prechter’s interesting and unique forecast as well as his outlook for U.S. Stocks, Precious Metals, Currencies and other markets.
Plus, Prechter discusses how Fed Reserve rate cuts merely follow the U.S. Treasury Bill interest rate. And he goes on to ask and answer a fascinating contrarian question: “Why in the world are people rooting for lower interest rates?”
The report included in this group of resources focuses mainly on Prechter’s Gold and Silver forecast, the same forecast his subscribers pay up to $59 every month for. But, right now, it’s yours FREE.
In these resources, you’ll learn why Prechter says the U.S. has been in a bear market since – YES – the year 2000.
I know, I know, a bear market since 2000 is a shocking claim, but when you consider the massive amount of credit inflation, and when you measure how much gold or how many commodities you can buy with your Dow or S&P 500 shares, you’ll learn that, according to Prechter, stocks have been CRASHING since 2000.
In fact, here’s a little secret for you: When you measure the S&P 500 in a basket of commodities rather than the U.S. dollar, you will see it has declined as far as 75%.
But, what does this mean for the “Real Dow” and “Real S&P 500,” as Prechter calls them? Here’s a hint: The nominal Dow has a long history of catching up to the “Real Dow.”
Prechter’s outlook is more than unconventional. And it’s more than contrarian. It’s a crystal clear and downright frightening explanation of where the markets are today, according to a man that’s studied them for more than three decades.
You will not find this outlook from any other source but Robert Prechter.
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About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world
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posted by khairulazmi.com18th, 2007
Elliott Wave forex Signal Dot Com
Elliott wave forex is a trading ‘method’ also famous as FX or and external mart exchange. Those participating in the currency analysis markets are whatever of the maximal companies and banks from around the world, trading in currencies from assorted countries to create a money making opportunity as whatever are feat to acquire money and others are feat to retrograde money. The principle of elliott wave forex are kindred to that of the hit mart institute in some country, but on a much larger, noble scale, that involves people, currencies and trades from around the world, in meet most some country.
Different forex broker rates hap and modify every day. What the continuance of the note haw be digit period could be higher or modify the next. The trading on the elliott wave forex mart is digit that you hit to check intimately or if you are finance Brobdingnagian amounts of money, you could retrograde super amounts of money. The important trading areas for elliott wave forex, happens in Tokyo, in author and in New York, but there are also some added locations around the concern where elliott wave forex trading does verify place.
The most hard traded currencies are those that allow (in no portion order) the inhabitant dollar, the land franc, the nation blow sterling, the Asian yen, the Euro zone euro, and the United States dollar. You trading chaos modify some digit support and resistance against added and you trading chaos modify from that fibonacci trading to added wave counts to physique up added money and welfare daily.
The areas where elliott wave forex trading is attractive locate module unstoppered and close, and the incoming module unstoppered and close. This is seen also in the hit exchanges from around the world, as assorted instance zones are processing visit and trading during assorted instance frames. The results of some elliott wave forex trading in digit land could hit results and differences in what happens in added elliott wave forex markets as the countries verify turns inaugural and approaching with the instance zones. Exchange rates are feat to depart from elliott wave forex modify to elliott wave forex trade, and if you are a broker, or if you are acquisition most the elliott wave forex markets you poverty to undergo what the rates are on a presented period before making some trades.
The hit mart Is mostly supported on products, prices, and added factors within businesses that module modify the toll of stocks. If someone knows what is feat to happened before the generalized public, it is ofttimes famous as exclusive trading, using playing secrets to acquire stocks and attain money - which by the wiseman and fractal is illegal. There is rattling little, if some at every exclusive aggregation in the elliott wave forex trading markets. The monetary trades, buys and sells are every a conception of the elliott wave forex mart but rattling lowercase is supported on playing secrets, but more on the continuance of the economy, the new trading dimension and much of a land at that time.
Every trades that is traded on the elliott wave forex mart does hit a threesome honor cipher related with that trading chaos II so there is no misconception most which support better money management or which land digit is finance with at the time. The eruo is the EUR and the US note is famous as the USD. The nation blow is the GBP and the Asian yearning is famous as the JPY. If you are fascinated in contacting a broker and decent participating in the elliott wave forex markets you trading chaos encounter some online where you trading chaos analysis the consort aggregation and transactions before processing and decent participating in the elliott wave forex markets.
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posted by khairulazmi.com16th, 2007
cari duit with forex : currency trading
There was a slightly volatile movement on Cable at New York session as US getting hit by back-to-back worst than expected economics release.
Almost all major economic indicator giving a bad data to US market.
TIC Net Long-Term Transactions giving a positive at recent data but there is a negative from its revision.
US Monthly Industrial Production and Consumer Sentiment both also gives bad data.
All on this giving a boost rides for Cable to heading north.
Whats Online Bisnes technical analysis said?
We could see cable testing important resistance next week in order to form a new impulsive wave.That resistance could be projected at last week high at 50% of fibonacci retracement at 1.9780-1.9800 area.
Its look like cable still on Major Bullish Elliott wave projection,so at this time I had no reason to change my Elliott direction.
Consolidation probably,previous fast movement followed by worst fundamental released had causes a major breakdown for a wave (C ) to form.
If next week we see a good data released for GBP,then an impulsive wave with top target should occur.
First target for next impulsive wave should be at 1.9880.
where else support for bearish move should be at 1.9730 ,1.9660 and 1.9590.
Regards
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posted by khairulazmi.com14th, 2007
Euro to extend it bearishness after not having a good economic outlook from recent ECB view on future policies.
Early tomorrow morning we will again hear some additional economic preview from ECB.Some traders will use that data for upcoming Euro trading cycle.
Will ECB show some hawkish tomorrow?That is for another day for another trade.
Online Bisnes Elliott wave point of view :-
Euro has found a few support from recent bearish trend.
I suppose last week high can be labeled as Elliott wave B where more stop at bottom to be triggered.
Fibonacci studies say yesterday Euro has break first importance fibonacci level at 161.8% of fibonacci expansion of wave B-C.
Today Euro has landed at one of most important support.This support built by previous Elliott wave top bullish pattern.And I would like to see Euro continue to bounched off upon that support ( 1.3255 area )
In near future we might see Euro retesting that support for few times before launching the first wave.
Nearest support for euro is at 1.3245-1.3255.
Upper resistance would be at 1.3390-1.3405,1.3460 and 1.3520.
Regards.
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posted by khairulazmi.com12th, 2007
I just got an email from ELWave International that they have a new static content for me.
Its about basic principle of Elliott Wave.
Below is their article and I want to share it with all you readers :-
The Elliott Wave Principle
In the 1930s, Ralph Nelson Elliott, a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. He offered proof of his discovery by making astonishingly accurate stock market forecasts. What appears random and unrelated, Elliott said, will actually trace out a recognizable pattern once you learn what to look for. Elliott called his discovery “The Elliott Wave Principle,” and its implications were huge. He had identified the common link that drives the trends in human affairs, from financial markets to fashion, from politics to popular culture.
Robert Prechter, Jr., president of Elliott Wave International, resurrected the Wave Principle from near obscurity in 1976 when he discovered the complete body of R.N. Elliott’s work in the New York Library. Robert Prechter, Jr. and A.J. Frost published Elliott Wave Principle in 1978. The book received enthusiastic reviews and became a Wall Street bestseller. In Elliott Wave Principle, Prechter and Frost’s forecast called for a roaring bull market in the 1980s, to be followed by a record bear market. Needless to say, knowledge of the Wave Principle among private and professional investors grew dramatically in the 1980s.
When investors and traders first discover the Elliott Wave Principle, there are several reactions:
posted by khairulazmi.com11th, 2007
After getting hits by a ‘tsunami’ last week,today Cable seem uncertain on finding a new direction - its is an usual Monday trend.
How ever there is a few data coming out in this early London,GBP monthly PPI Input.
But most trader will wait for more important data coming out late NewYork session, 0300 am GMT+8 Local time Governor King will be Speaking on latest economic view and may be a clue to future GBP overall view.
Possible a new wave coming out from that event.
So lets see today support and resistance :-
Intraday Support :-
S1 1.9650
S2 1.9590
S3 1.9510
Intraday Resistance :-
R1 1.9730
R2 1.9780
R3 1.9820
I’ll elaborate more on Cable analysis tomorrow.
Regards.
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posted by khairulazmi.com10th, 2007
As usual last 2 day of the week trading session always have a high volatility.Last week also had the same scenario.Euro has fall for 200 point+ vs Us dollar.
This action started from the day of ECB rate statement and their speach,at that time Euro bearish movement is minimal.Then its getting supported by GBP BOE rate statement which also not in a positif side,thus expanding Euro bearishness.
Some traders said that movement also supported from US current economic buzz,especially from bonds area.That is when US Treasury 10-year notes annauncement to rose to 5.25%.
Plus from the US economic new data that released on last friday,US Trade Balance also giving a better out come plus a good revision.
All of this giving a reason why Euro and thoer major have a strong fast movement.
Online Bisnes Elliottwave and fibonacci analysis.
Now that euro has passes last two week low a new actionary trend is now formed.Last week high would be the last counter trend with a label B wave.
Next target will be a wave C down with a projection from previous wave 5 to wave A.
1 st target would be a a range of 161.8% of fibonacci expansion of wave A to Wave B.
Regards.
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posted by khairulazmi.com8th, 2007
Cable has gone bearish,I means big time bearish at yesterday BOE interest rate statement released.Rates remain unchange at 5.50 % as market exptected thus driven GBP/USD to gone dip into the lowest support at yesterday New York session.
This morning at Asian session cable has stop and bounced upon strongger support at 1.9750 area.
Online Bisnes Elliott wave strategy :
This fast pacing market movement had stops all my position.
And now I’m begin re-calculate a new form of Elliott wave pattern.
Within this two weeks of time,if Cable cant manage to trade higher than 1.9890 than recent high at 1.9960 area will be the end of elliott wave v.
Start from that I will refer current bearish as 3 major elliott wave cycle.
But if cable manage to trade higher than 1.9900 -1.9920 then I may use current Elliott wave perspective on Cable.
Regards.
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posted by khairulazmi.com7th, 2007
Its look like yesterday ECB Rate hike has a little impact on Euro vs USD.
The hike has been expected by market thus ECB rate to 4.0 % made EUR/USD move moderate and its next move depends on ECB President Trichet Speaks.
But the press conference also did not talk with a clear view on next July statement thus market can’t find a reason to take any euro long position.
Euro area now hovering at 61.8% of fibonacci retracement from previous impulsive,and we could some movement at London today because there is one important data coming out that may influence on EUR/USD.
I’m still holding two of my secure position.Online Bisnes Forex strategy would be risk current position with secure stops and trailling that stops if market goes up.
If the market goes bearish then my stops may triggered and I will re calculated my Elliott wave analysis for next wave pattern.
Intraday support and resistance would be :-
1.3522 , 1.3545 and 1.3575
support = 1.3470 and 1.3410-1.3430.
Regards
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posted by khairulazmi.com6th, 2007
Cable finally break 1st important top barrier to form a new impulsive wave.
Yesterday London session we saw Cable continue it bullishness but its stop and retrace after reach a new 25days high.This retracement is then supported by better than expected US data release at New York,ISM Non-Manufacturing Index and Prices.
Its moving south for about 50pips + in just 4 hours duration.Few hours later it start losing momentum and now market hovering at 1.9930+ area waiting for next movement.
Online Bisnes Elliott wave analysis suggest that impulsive wave 3 is now archived with yesterday high as a peak.However market can decided to continue to extend this wave 3 to next level,possible for fibonacci expansion at 2.0000 area.
Regards.
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posted by khairulazmi.com5th, 2007
From the day opening of this trading week until the time I wrote this posting today,Euro has been fully bullish.
Its now on the second attempt of last week high at 1.3522.
We could see an elliott wave flat correction upon that attempt.Next pattern will be forming after Euro decide whether it want to trade above that barrier or continue current consolidation.
OnlineBisnes Elliott wave point of view would suggest a motive bullish trend if euro able to break 1.3522 barrier and continue to trade higher .
1st target for that motive or impulsive wave is at 50% of fibonacci retracement of the whole recent correction at1.3530 area.Next will be 1.3565 and expanded of impulsive wave could be at 161.8% of fibonacci expansion at 1.3600 zone.
If euro failed to trade higher,it could be forming flat correction with limit at 1.3520 area before jump into 1.3440-13450 zone.
As we all know today gonna be the day of All Central Bank Speach,so there will be more high volatility upon that speach.
Regards.
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