EUR/USD H4 wave development idea (WDI)

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/eurusd-h4-wave-development-idea-wdi.html

EUR/USD M30 Update + Trading Plan Idea

Rationale:
Unclear situation now, two differnet count in play but I'm short after Germany data due to my count showing correction time.
There is one more count on H4 time fram I had posted yesterday. It indicates that this small wave (a) or alt:2 might be just sharp correction wave 4 really and we still have wave 5 to come.
There is another possibility showing that my top of wave 3 from yesterday is really wave (i) of expanding wave 5 and there is more upside to come.
So, I'm going to play short first but if any new hight occours on London open I'm long playing extended wave 5 scenario.

Entry: Sell @ 1.3020
SL: Any new high.

Entry: Buy Market after new high. Any good price.
SL: 20 pips ( or below 1.3000)
TP: 61% of Fibo Extension of wave 3.

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-m30-update-trading-plan-idea_30.html

EUR/JPY H1 Update + Trading Plan Idea

Rationale:
My Buy Limit order has never been filled desplite the fact that I have been expecting depper correction into weekly pivot.
Right now this long order from a top is a HEDGE TRADE against EUR/USD that I short. If something goes wrong and EUR/USD will pop higher the at leat this trade on EUR/JPY will cover partial losses and I'm eager to buy more if this is really wave 3 now.

Entry: Buy Market @ 107.57 (unfortunetly on top, oh well...)
SL: Below  Orange rectangle.
TP:?

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurjpy-h1-update-trading-plan-idea_30.html

GBP/JPY H1 Update + Trading Plan Idea

Rationale:
If this is the beginning of the wave 3 I want ot be in this trade. Waiting for some pullbacks and buying the dips.


Entry: Buy Limit @ 131.48
SL:132.25
TP: min. 133 ( into fibo cluster)

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h1-update-trading-plan-idea_30.html

EUR/USD M30 Update + Trading Plan Idea

Rationale:

From the yestersday's low of 1.2880 I see an impulse wave up that can be considered as a wave 1 from the bullish point of view. So right now I'm buyng the dips of wave c because I expect wave 3 to the upside to develop.

Entry:
Buy Market @ 1.2943 (23%FiboRet), Buy Limit 1.2930 (38%FiboRet) and Buy Limit 1.2921 (Weekly Pivot)
SL: below weekly pivot
TP: 1.3000


Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-m30-update-trading-plan-idea_29.html

GBP/USD H4 Update + Trading Plan Idea

Rationale:
Buying dips in anticipation of wave 3.

Entry:
Buy Limit @ 1.6003 (round number, 23%Fibo Ret)

SL: 1.5960 (below the low)
TP: 1.6050 min.


Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpusd-h4-update-trading-plan-idea.html

AUD/USD H4 Update + Trading Plan Idea

Rationale:
Still expecting final push to the upside as a wave 5.

Entry:
Buy Limit @ 1.0455 (23%FiboRet)
SL:20pips
TP: 1.0500 min.
R/R: 2:1

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/audusd-h4-update-trading-plan-idea.html

S&P500 Futures H4 Update + Trading Plan Idea

Rationale:
Buying into support  in anticipation of futher expansion of wave (c) or 3 to the upside.

Entry: Buy Limit 1407.
SL:1399
TP: 1421 min
R/R: 3:1


Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/s-futures-h4-update-trading-plan-idea.html

Silver XAGUSD H4 Update + Trading Plan Idea

Rationale:
Still waiting for wave 5 to complete. Buying dips.

Entry: Buy Limit @ 33.65 (fibo Support)
SL: 33.40
TP: 33.90 min.


Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/silver-xagusd-h4-update-trading-plan_29.html

EUR/JPY H1 Update + Trading Plan Idea

Rationale:

Impilsive wave 1 from yesterday low has not been finished yet so I'm buying the dips in anticipation of wave 5 to the upside. When the big wave 1 will be completed I will buy the dips on the Fibo Retacements  or Pivot Points again in anticipation of strong wave 3 to develop.

Entry:
Buy Limit @ 106.08
SL:105.97 ( below that line bullish count will be invalidated)
TP:106.55 min.

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurjpy-h1-update-trading-plan-idea.html

EUR/USD M30 Update + Trade Plan Idea

No impulsive wave following so called (a) wave indicates more downside risk instead of end of a wave 4.

Seb

EDIT: Orginal plan:
Chart Update: nice five waves movement in last wave down.

Rationale:
I'm looking for wave c to finish in 5 waves @ 1.2920 - 1.2905 ara and buy there a small amount in case this will not be the end of wave c.

Entry @ 1.2920, 1.2905, and 1.2890
SL:1.2885
TP: above 1.30000
R/R: average is min 2:1

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-m30-update-trade-plan-idea.html

EUR/USD M30 Update + Trading Plan Idea

Rationale:
No impulsive progression to the upside, expecting deeper pull back in wave 4 now.
Long  form 1.2920: CLOSED ar +1.

Entry:
SHORT MARKET @ 1.2916
SL: Above todays high
TP: idealy 1.2877 (38% Fibo Ret)

Might work might not: any spike above todays high and I'm long again.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-m30-update-trading-plan-idea_28.html

EUR/USD M30 Update + Trade Plan Idea

Rationale:

Previous wave 4 area in my count might provide nice long opportunity + 38% FiboRet.

Entry:
Buy Limit @ 1.2873
SL:20pips.
TP:1.2940 and beyond ( I wish!)
R/R: min. 2:1

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-m30-update-trade-plan-idea_28.html

USD/CHF H4 Update + Trade Plan Idea

Rationale:
Shorting wave 4 retracement as this pair needs one more wave to the downside to comple the cycle according to my count.

Entry:
Sell Limit @ 0.9370 (50% FiboRet, Weekly Resistance and former resistance level)
SL: 0.9405 (above 61%FiboRet level my count will be invalidated)
TP: 0.9250 min.
R/R: 4:1

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdchf-h4-update-trade-plan-idea.html

EUR/AUD H4 Update + Trading Plan Idea

Rationale:
Waiting for wave (2) end at one of the retracement levels and buy into dips.

Entry:
Buy Limit @ 1.2340 (50%) and 1.2320 (61%).
SL:1.2299
TP: Above 1.2435 min.

R/R: about 3:1

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/euraud-h4-update-trading-plan-idea_28.html

DAX30 Futures H4 Update + Trade Plan Idea

Rationale:

Short in anticipating of wave c to the downside.

Entry:
Short Market @ 7319.50
SL: 7337.50
TP: 7280 ( I might go out sooner  if I see no impulsive progression: never let winner become loser)
R/R:7:1

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/dax30-futures-h4-update-trade-plan-idea.html

AUD/USD H4 Update + Trade Plan Idea

Rationale:
Wave 5 has not yet been finished. Looking to buy into dips of wave 4, as close as possible to Weekly Pivot, 50% and 61% Fibo Ret and former support level.

Entry @ 1.0425 and 1.0404
TP: 1.0500
SL: 1.0399
R/R: about 3:1


Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/audusd-h4-update-trade-plan-idea.html

EUR/USD M30 Trading Pland Idea Update

As I noted earier - first good level to buy EUR/USD is on chart.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-m30-trading-pland-idea-update.html

EUR/USD M30 Update + Trading Plan Idea

Chart Update: nice five waves movement in last wave down.

Rationale:
I'm looking for wave c to finish in 5 waves @ 1.2920 - 1.2905 ara and buy there a small amount in case this will not be the end of wave c.

Entry @ 1.2920, 1.2905, and 1.2890
SL:1.2885
TP: above 1.30000
R/R: average is min 2:1


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-m30-update-trading-plan-idea.html

Gold XAUUSD H4 Update + Trading Plan Idea

 As I wrote in the previous post:

Rationale:
I'm bullish on Gold due to the fact that wave 3 hasn't been finished yet.
Entry:
Buy Limit @ 1747, 1743 and 1738 (former support)
TP: min.1772
SL: 1735 ( if price move below that level my EW count will be invalidated)
R/R: 2:1

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gold-xauusd-h4-update-trading-plan-idea_27.html