We issued a scalping short order for $EURJPY at market on Sep 6 Live Trading Room. We took profit on Sep 7 for a +95 pips profit. Each day in Live Trading Room, members attending the session will receive a similar trading journal like the one below The short clip below from our Live Trading Room on September 6 provides the setup for $EURJPY short trade. We have […]

Short term Elliott wave count suggests that decline to 16335 ended wave ((x)). Rally from there is unfolding as a double three where wave (w) ended at 17170 and wave (x) pullback is proposed complete at 16885. While Index remains above 16885, and more importantly as far as wave ((x)) pivot at 16335 stays intact, expect more upside in […]

Short term Elliott wave count suggests that decline to 1302.33 on 9/1 low ended wave (W). Rally from there is unfolding as a triple three where wave ((w)) ended at 1315.23, wave ((x)) ended at 1304.5, wave ((y)) ended at 1330.2, and second wave ((x)) ended at 1315.7. While the metal stays above 1315.7 and more […]

Short term Elliott wave count suggests that rally to 1342.26 ended wave ((x)). Decline from there is unfolding as a double three where wave (w) ended at 1318.2 and wave (x) ended at 1325.52. While near term bounce stays below wave x at 1316.13, and more importantly below 1325.52, Gold still has scope to resume lower in […]

Short term Elliott wave count suggests that rally to 1342.26 ended wave ((x)). Decline from there is unfolding as a double three where wave (w) ended at 1318.2 and wave (x) ended at 1325.52. While near term bounce stays below wave x at 1316.13, and more importantly below 1325.52, Gold still has scope to resume lower in […]

One of the best practices when it comes to trading is to have a trading journal. Think of a trading journal as your battle plan / strategy. Traders should spend time to analyze the market ideally during the quiet period, such as the Asian session and plan trades for the coming session. When I get to know new traders and […]