Gold XAUUSD H4 & Daily Update

Rationale:

Two counts here: for Bulls (Daily) and for Bears (H4).
There are two orange rectangle levels where buying is possible but as soon as price action will not become impulsive in order to develop wave 1 of 5 - take the profit and run because under the round number of 1700 might be lot of stops and if triggered price  might easyly slip to another support that is lower.

Lack of impulsive development is valid reason to sell gold.

Entry: Buying into rectangle levels 1704 - 1703 with very tight stop.
SL: TIGHT!
TP1:1730
TP2:1750

R/R: 5:1 and 10:1

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gold-xauusd-h4-daily-update.html

GBP/USD H4,Daily & Weekly Update

Rationale:
 Buying in anticipation of another leg up seem to be good idea here, so if wave 2 looks like (a)(b)(c) Irregular Flat correction so far then buying into support 10 pips below the low of wave (a) can provide good R/R ratio in case I'm wrong (1.5951 - 1.5945).

On Fibo Time Cluster chart we can that next important cluster that might provide support in time for wave 2 bottom is on Monday 3rdDec 17:00-21:00.

Entry:
Buy Limit 1.5951 and 1.5918 ( in case of deeper pullback)
SL:10-15 pips.
TP1: 1.6010
TP2: 1.6050
R/R: 5:1

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpusd-h4daily-weekly-update.html

Crude Oil H4 Update

Very inclear situation right now.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/crude-oil-h4-update.html

NASDAQ Futures H4 & Daily Update + TPI

Rationale:
50 and 61% of Fibo Ret and very strong technical resistance level is begging for shorts.

Entry
Sell Limit @ 2693 up to 2705
SL: above 2710  min because there is a lot of stops above 2705.
TP: min. 2650

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/nasdaq-futures-h4-daily-update-tpi.html

EUR/JPY M30,H1,H4 & Daily Update + TPI

Rationale:
Bull trend looks  intact and I'm looking to buy on dips until proven otherwise.

Right now it all depends which swing will be taken out first: new high proves that eur/jpy might be in strong wave 3 now and break below green line void the impoulsive count and more correction in shape of Irregular Flat might be expected.

Fibonacci Time Analysys is explained on chart.
No important harmonic patterns right now.

Entry:
IF NEW HIGH - Buy on dips to 107.67.
IN LINE BROKEN - Sell on test of 106.80, 106.20.

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/eurjpy-m30h1h4-daily-update-tpi.html

Free Signal Service Trial is Extended one more week

I've decided to extend Free Signal Service Trial for one more week.
This is first analysys and Trading Plan Idea (TPI) for Monday.
Enjoy!

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/free-signal-service-trial-is-extended.html

EUR/USD M30,H1,H4,D1&Weekly Update + TPI

I've decided to extend Free Signal Service Trial for one more week.
This is first analysys and Trading Plan Idea (TPI) for Monday.
Enjoy!
Rationale:
So far bullish price action continues but before new high I guess we will see another test of the wave (a) area to complete Irregular Flat correction. This is my main count at the moment.
Alternative count indicates a possibility of VERY bullish wave development: impulsive wave 3 in the making as a series of (i)(ii).
Nevertheless, on H4 TF there is another possible wave count that indicates all the upside movement is done for now and we need a correction.
So there are two count of possible downward wave progression before any new high and this is my intermediate  bias. Long term bias is bullish.
Good level for entry is either:
short form the top in aticipation of wave (c) to the downside or  buy on pullbacks into Fibo support or projections, TA support or Pivot support.Levels are on chart.
There are some Fibo Time Numbers ahead of Monday night that might provide some guiadiance but the important Fibo Time Cluster should start on Tuesday night. It might serve as time support for wave 2/(c).

Entry:
Buy Limit @ 1.2930
SL: 20 pips.
TP: min. 1.3000

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/eurusd-m30h1h4d1-update-tpi.html