Author Archives: Daniel

Not sure why this didn’t post. Operator error? Made it to the Dailyfx board just didn’t get here for some reason. Why the change from bearish to bullish? Once price moved over 0710 it demolished the bearish view. 15:45pt 05/30 … Continue reading →

Short and bitter on the update. The added positions were stopped out as the supposed 5th wave appears to be extending. Got hit at the stop levels for -45.2 and -46.2pips. That hurt. What I thought was the top, was … Continue reading →

Got the limit hit so it’s in for 1 unit Got a little positive slippage and entered at 0615(5). Another two will be added on the lower channel line break with stops on the added units to be placed over … Continue reading →

The rally is shaping up. It looks to be targeting the original breakdown area, which coincides with the .618% retracement level of the decline from 0710ish. If the pullback of the rally from 0480ish to 0580ish level stops about the … Continue reading →

The rally is shaping up well. Keeping an eye on that 1.06ish level. Here is the latest Dixie chart: http://www.tafool.com/Charts/usd05241115m.gif I view the pull-back on Dixie as ii of 3 with i having an extended 5th wave. “What the heck … Continue reading →

A/U is in the midst of a corrective rally. How far the rally goes is the million dollar question. One good possibility is the Weekly Trendline. What also intersects at this same price point (1.0600ish) is…..38% of wave II based … Continue reading →

Closing the AUD/USD short. Will look to re-establish at a higher level. Once again, will have to edit this post later to add the charts. Closing at these levels will be good for about 180pips.

Sorry about not adding the charts yet but I’ve got a small emergency going on here. Will add the charts that would have been posted once I get a chance.   In the meantime, this pig is nicely in the … Continue reading →