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 + 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/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

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

S&P500 Futures H4 Trading Plan Idea

Rationale:
So far no new high on SP500 Futures and it looks this impulsive wave (a) has topped and now market might be forming a flat correction wave (b). If it is, the price should turn down to previous wave a area.

Entry:
Sell limit @ 1405
SL: 1407.50(or any new high)
TP: min.1395
R/R: 5:1

Take care,
Seb

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

GBP/JPY H1 Update + Trading Plan Idea

Rationale:
Because my temporary bias is short on GBP/JPY due to possible ending of wave 1 I had a limit sell order placed. I will try to sell on spikes to the upside.

Enrty: Sell Limit @ 132.38; SL:1.32.50, TP:(waiting for some retrace to 130 level)

R/R:min 5:1.

Take care

Seb

PS: Please Follow my twitter account to receive all updates  on my current trades: @Flynchenberg.

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

USD/JPY H4 Update + Trading Plan Idea

Rationale:
Fibo Time Analysys indicates a nice time window for wave 4 to end ( as shown onTime Analysys chart). As I'm still biased long (we have not finished the upside progression just yet) I will wait for good oportunity to buy USD/JPY.
I have placed three Buy Limit orders (Entry):
-first into Weekly Support Level 1 and 38% Fibo Retracement of wave 3. SL:81.09 TP: above wave 3
-second into 61% Fibo Ret of wave 3 in case of more sudden wave C occured.
-third one is agressive order for a day-scalp @ 81.94 in case wave (c) finished on 23%Fibo Ret. SL:15pips.TP: 82.50

Take care,
Seb

 
 

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

EUR/AUD H4 Update + Trading Plan Idea

Rationale:
If wave (1) is Leading Diagonal and wave (2) has finished as abc Irregular Flat correction then new wave to the upside can be developed.
Entry: Buy Stop @ 1.2417 (activated)
SL: 1.2397 ( in case wave c is not finished)
TP: min. 1.2500
R/R: 4:1


Take care,
Seb

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

Gold XAUUSD H4 Update + Trading Plan Idea

Rationale:
I'm bullish on Gold due to the fact that wave 3 hasn't been finished yet.
Entry:
Buy Limit @ 1747 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.html

Silver XAGUSD H4 Update + Trading Plan Idea

Rationale:
Bullish wave has not been finished yet. The big candle is wave 3 and now we are in wave 4 correction area. Buying silver fot the final push to the upside into 34.40-34.50 area.
Entry:
Buy Limit @ 34.00
SL:33.80
TP: min.34.40
R/R: 2:1

Take care,
Seb

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