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. Charts are mined and selected from MarketClub'sproprietary SMARTScan & Trade Triangle technology.
. Notes & Labelings are entirely the Blog author's.In the spirit of community sharing.

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Monday, May 28, 2012

TAH : Dry trade 2

Is this the right count ?

Is wave 4 complete ?

$2.85 must hold.

Tabcorp : TAH

Dry trade :
To test this 5th wave Elliot wave buy.

Entry at $2.95, exit $3.15
Stop $2.88

Timing ? : weekly chart !
One bar = 1 week
Wave 1 = 3 weeks
Wave 5 = 3 weeks

Let's give it 3 weeks.
Say 21st June 2012

How often then should I monitor it ?
Weekly ?
Bi weekly ?
Fortnightly ?
Daily ?

Friday, May 25, 2012

SLV : no trade...

. Stochs is o/s
. Strong support at $27
. Resistance $30/$34
. Will it break support ? And go further down ? To where ? $18 ? When ?
. Rebound now at support ? How far ? $34 ? No supporting evidence ?

EWA : more down side....

. Broke out/down of triangular consolidation
. First leg of downtrend....
. Wait to short .....
.

Tuesday, May 1, 2012

AudUsd - 10mins chart - ABC corrective wave

Open 1.0348

This is what I see, this is what I trade !

AudUsd : 10mins chart

AudUsd has made a bearish 5 wave leg.
Anticipating a corrective wave to 1.036. 50% retracement.

Although it has not broken our of the triangular channel.
May test bottom of channel ?