Tag Archives: Elliot Wave

Apple – thoughts on the long term chart outlook

One of the most notable features of the current market landscape is Apple’s 37% decline since September while the broad US SPX Index CFD has risen 3.5% over the same period. We’ve had a lot of client interest in the outlook for Apple so … Continue reading

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Shui On Land (272 Hong Kong) – chart set up

Background As readers will be aware, I include the Hong Kong stock market amongst the markets I monitor.  For technical traders, it seems to produce more than its fair share of attractive trends with the added advantage of convenient trading hours for Australian traders.

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USD:JPY – Sell Strategy

With markets reacting nervously to this afternoon’s news that Republicans have abandoned the planned passage through Congress of a bill on deficit reduction, the Dollar: Yen set up I discussed in recent posts looks a chance of being triggered today

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USD: JPY – Japanese election puts 2nd reversal target into play.

The sell set up I posted on Thursday failed to trigger. After the weekend’s convincing election win by Shinzo Abe, Dollar: Yen gapped higher this morning with traders anticipating a more aggressive approach to both fiscal and monetary stimulus in Japan. The net result – a good … Continue reading

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USD:JPY – Reversal target in sight

Dollar: Yen looks as though it might become an example of the cluster zone strategy I outlined in yesterday’s Fibonacci projection video

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Apple set for the next leg higher

The US stock market is a leading influence on world investor sentiment and the big info tech companies have been its champion in recent years. None more so than Apple which is currently in the limelight with the release of iphone5. … Continue reading

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Aussie: CAD – Short Strategy Update

The ABC sell set up I posted on Monday was triggered by this morning’s weak close. I’ve outlined one approach to trading strategy on the chart below. This involves: Entry at the close of yesterday’s candle ( about 1.0185) Initial stop above … Continue reading

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AUD:CAD – Reversal set up on weak close

Commodities are front and centre of market attention after QE3. The 2 commodity currencies, Aussie and Canadian have been active and the cross rate between them caught my eye today as an example of a potential ABC sell setup. Although, both Australia and Canada are major commodity … Continue reading

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Trading the Wheat Breakout – Some thoughts on Strategy

Wheat prices broke through the resistance of the pennant formation I discussed in a post on Tuesday as concerns over the US drought deepen. This is a case where an interpretation of the long term charts might assist in setting profit objectives

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Gold – long term outlook

Over the next week our blog will have a commodity theme. As well as our regular posts, we will post a daily article discussing outlooks and strategies for different commodities. . To kick things off, my blog today discusses the gold market. I’ve recorded a … Continue reading

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