Bottomed, HIGHER

In my analysis 1.3726 is the retracement area for wave (ii).It will be my pleasure if the next movement is wave iii. Already use fibonacci retracement and what i get is 4 entry point level 23.6,38.2,50% and 61.8. I believe this is retracement and not reversal.The rally from 1.3608 certainly looks impulsive. Given the three-wave corrective fall into that low I would view any setback as an opportunity against the low.

Al yaqen's
yaqen.canteen@gmail.com

heading to north ;)

This is the latest movement for EU . Ive got 3 trendline here the green one is for bearish support,and the black one is bullish resistance. The red one croos over from the bottom is a daily trendline. I think price will play around this trenline. If bullish broke the trendline God willing EU heading to the north with 5 wave sequence Up. Ready to cath wave 3 :D. I will mention from time to time. Thank you.

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EU - Approaching a bottom, HIGHER

There is still the potential for a final dip toward the measured objective at 1.3600. With three waves down from 1.3853 to prior fourth wave support in the 1.3600 area I view recent weakness, regardless of how emotional it has been, as a correction. That means a rally to a new high is more than possible. A rally much above 1.3700 would bolster that outcome and a push above 1.3770 would confirm it.

Approaching a temporary bottom

Eu = tf 1h
This current bounce as a corrective affair should end at quite little if any above 1.3750, that is then followed bty a fall to a new low beneath 1.3697.

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sha la la

Recently Eu just make a new low at this moment. I still anticipated the next wave is wave b or 2 and will touching at 23.6% - 61.8% fibonacci retracement area and finally compose the 1-2-3 wave formation to get a clear shortem downward. As i mention in previous analysis this is not a major downtrend according to Dollar index chart because if we look at bigger and biggest timeframe bullish still remain. If 1-2-3 formation occur it look nyce to swing until 5 [ (i),(ii),(iii),(iv),(v)] wave down. Sekian.

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I still contend that price will fall beneath 1.3756 :D

Short term focus is on a probe down to a little beneath 1.3756. i would rather see this occur down from the 1.3846 existing high for the move, but I do recognize an altenate that allows for a near term modest breach of 1.3846 before commencing the desired assault on 1.3756. (effect from PMI maybe)

trade idea.
Sell @ 3815 tp = 3788 sl 25- 30

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yaqen.canteen@gmail.com

let see what elliott wave say's and my chaos said.

low-high-lower high ??

This is latest wave i found,possible move for EU.

no update for a while

recently EU was very choppy,ranging,consolidation,sideway. No perfect trend and nice entry point. I also loss 1 position @ Eu huhuh. Eu are in correction and perhaps going to 1.4 or 1.39. I draw my trendline at tf daily and weekly,what can i say bullish still remain and quite far to break the trenline.

happy trading to all..

ok i try..

Erm EU look to shorterm downward.by the way this is possible movement. Either bullish or bearish. Color box is just my imagine the possible movement.If price goes up and hit critical area box,bye bye bearish huuhu.. . The key level is the level if the wave is invalid. Because in Elliott wave - wave 2 cannot retrace move than wave 1. So if scenario like this occur or happen,EU still bullish. But i believe shorterm downward will coming. huhuh phew..

triangle again ?? wtf

triangle or diagonal triangle.. ???? wait for the next movement..

Short-term top and temporary downward correction

EURUSD (Intraday)
Posted On: Jul 16 2007 4:41PM ET
Last Price: 1.3785
















EU look possible to move around retracement area. 1.3814 is the top of wave (III) and formation of a short-term top and temporary downward correction continue to be expected. Look for a break under 1.3763 to provide better evidence that a correction is underway (initially toward 1.3700-1.3676), while the 1.3812 resistance level remains in place.

trade idea.
Wait for a sell signal from my chaos trading setup.

Al yaqen's
yaqen.canteen@gmail.com

heading to north.

EURUSD (Intraday)
Posted On: Jul 13 2007 8:56AM ET / Jul 13 2007 12:56PM GMT
Last Price: 1.3787























Topping on news, LOWER



Euro still heading to north. In this scenario I try to use channel to get a clear trend and absolutely price from 1.3761 was perform very nice inside the channel. The push from Retail sales data around 8.30 am gmt 08:00 is either to a thrust from a triangle or Diagonal triangle,both are terminal so it really doesnt matter. It is more complicated.

The five-wave advance from 1.3569 is either at in in the process of peaking. Upside potential is limited while the risk to the downside is growing. Just a correction of the impulsive advance shown would result in a return to the 1.3700-30 area or worse and if the rally from 1.3569 is a fifth wave euro might just return to the 1.3600 area.

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Follow the trend

EURUSD (Intraday)
Posted On: Jul 12 2007 2:15AM ET / Jul 12 2007 6:15AM GMT
Last Price: 1.3781
























Good evening and sorry for the late update,just woke up from my sleep. Im looking for a fifth wave to take prices up past 1.3787 and toward 1.3800-10 before five wave sequences from 1.3416 and 1.3569 are completed and a three wave correction begins. This view relies n 1.3641 holding.

trade idea
just follow the trend,looking for buy.

Al yaqen's
yaqen.canteen@gmail.com

Retracement among the bullish.

EURUSD (Intraday)
Posted On: Jul 11 2007 7:58Am
Last Price: 1.3751























Good morning everyone, Eu looking for retracement for wave iv but trend remains up as a five wave rally sequence from 1.3569 continues to unravel.

Near term from seemingly not all that much if any above this 1.3783 new high on day fully allow for price to correct lower in three waves towards 1.3702. A subsequent rise to another new high will then complete the larger degree five wave advance from 1.3569.

Today's Pivot Points:
R3 = 1.4039
R2 = 1.3913
R1 = 1.3842
PP = 1.3716
S1 = 1.3645
S2 = 1.3519
S3 = 1.3448

trade idea's
sell for a small tp :D peace

Al yaqen's
yaqen.canteen@gmail.com

prepare an umbrella before the rain ( Alt edition )

EURUSD (Intraday)
Posted On: Jul 10 2007 3:23PM
Last Price: 1.3620























Good Evening. A third wave run higher is still anticipated toward 1.3673-83, but prices need to remain above 1.3569, otherwise, the picture will revert back to a more corrective (possibly alternate wave .iv) posture and a test of 1.3542 would then be expected.

Al yaqen's
yaqen.canteen@gmail.com

Faktap

Currencies Correlation

The following tables represent the correlation between the various parities of the foreign exchange market (forex).
The correlation coefficient highlights the similarity of the movements between two parities.

* If the correlation is high (above 80) and positive then the currencies move in the same way.
* If the correlation is high (above 80) and negative then the currencies move in the opposite way.
* If the correlation is low (below 60) then the currencies don't move in the same way.

The correlation index are calculated on the daily and hourly data. In other chapters of Mataf.net you will be able also to calculate the correlation of a pair compared to a basket of currencies and to study more precisely the correlation between two parities.

After i read all analyst,almost said GU bearish. Eu slightly bearish for medium term and Bullish for long term. What can i say here for this time EU and GU are not in the same way.as i mention Eu in wave C inside wave 2 (5) already hit 61.8 fibo line and hopefully price withstand above 3595 to endurance the actual trend.

Al yaqen's
yaqen.canteen@gmail.com

Higher, to above 1.3659

EURUSD (Intraday)
Posted On: Jul 10 2007 7:39AM ET
Last Price: 1.3620























[Higher, to above 1.3659]
Key Levels: 1.3565


As i expected the trend was consolidation yesterday. There is no change in the outlook for a push to a new high above 1.3659 in a fifth wave. It appears wave five is subdividing with wave three of five due.I still with my counting and still anticipate price advancing in five waves from 1.3569 to above 1.3659, likely carrying into the low 1.37s.

trade Idea's
wait until correction finish,still looking an opportunity to buy and slide into profitable wave :D peace...

Al yaqen's
yaqen.canteen@gmail.com

Price likely advances in five waves from 1.3569 to above 1.3659 and into the low 1.37

EURUSD (Intraday)
Posted On: Jul 9 2007 6:38PM ET / Jul 8 2007 10:38PM GMT
Last Price: 1.3625























Wave 4 look possible to complete.Bullish still strong for euro to complete the 5 wave up will coming to the next higher degree.

trading ide's
still wait and see.

today Pivot Points:
R3 = 1.3729
R2 = 1.3684
R1 = 1.3655
PP = 1.3610
S1 = 1.3581
S2 = 1.3536
S3 = 1.3507

Al yaqen's
yaqen.canteen@gmail.com

Dollar Index

Why US dollar fall ? click this picture to access direct to EWI lecture hall .. and jim martens waiting you inside huhu phew..

























Al yaqen's
yaqen.canteen@gmail.com

Currency trader julai edition

Your July issue of Currency Trader magazine is ready to download!

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Attractive issue.

Global Markets
Shifting perceptions drive
euro/dollar action . . . . . . . . . . . . . . . . .8
After nearly setting an all-time high,
which way is the euro/U.S. dollar pair
headed?
By Currency Trader Staff

Trading Strategies
Comparing the majors . . . . . . . . . . .19
Comparing the day-to-day performance
of the major currency pairs provides
perspective on forex price action.
By Currency Trader Staff

Trapping the intraday range . . . . . . .26
Three market principles and a handful of
market statistics lay the groundwork for
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By Igor R. Toshchakov

Advanced Strategies
Currencies and Federal Reserve
trade weights . . . . . . . . . . . . . . . . . . .30
Does a weaker dollar really boost U.S.
exports, as many protectionists argue?
By Howard L. Simons

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wacaaaa

EURUSD (Intraday)
Posted On: Jul 6 2007 3:07PM
Last Price: 1.3583




















[Bottoming, up to a new high]


What i see at this moment correction not finish yet, the larger correction scenario has proven correct. Allow for a dip below 1.3584 to complete a flat correction. (The alternative is further consolidation above 1.3584 in a bullish triangle.) The larger rally sequence is intact and I expect a fifth wave to a new high above 1.3659. Uptrend still the major movement for EU, maybe euro wanna test higher high along this 26 years. What you see and what you get adios.

trading idea.
buy @ 1.3608 tp = 1.3658.

Today's Pivot Points:
R3 = 1.3717
R2 = 1.3687
R1 = 1.3638
PP = 1.3608
S1 = 1.3559
S2 = 1.3529
S3 = 1.3480

Today's Calendar:
1- US Nonfarm Payroll 8.30 pm.

Al yaqen's
yaqen.canteen@gmail.com

hit Tp 40 pips.

what u see and what u get.. adios

Al yaqen's
yaqen.canteen@gmail.com

EURUSD (Intraday)
Posted On: Jul 5 2007 2:30PM ET
Last Price: 1.3617























From earlier: "Again, focus is on exceeding 1.3639 and probing towards 1.3700 in concluding the larger five wave rally sequence from 1.3416. Interim support at 1.3584 more preferably remains intact during this process. Afterwards, a corrective three wave decline into the mid 1.35s is in order.

Al yaqen's
yaqen.canteen@gmail.com

Trading Ide's
Buy on dip : 1.3610 tp 1.3650
sl 30-35

Today's Pivot Points:
R3 = 1.3652
R2 = 1.3641
R1 = 1.3625
PP = 1.3614
S1 = 1.3598
S2 = 1.3587
S3 = 1.3571

Today's Calendar:
1- ECB Interest Rate Announcement 7.45pm
2- US ADP Nonfarm Employment Change 8.15 pm
3- ECB President Trichet Speaks 8.30 pm
4- US ISM Non-Manufacturing Index 10.00 pm

sory for the mistake

count EJ kat bawah neh aku tersilap aaaaaaaaaaaaaaaaaaaaaaaaaaaaaa.... hehee sory2 saye masih baru ampun ya pak..

Alert wave 3/c EuroJpy

EURJPY (Intraday)
Posted On: Jul 4 2007 2:52AM ET / Jul 4 2007 6:52AM GMT
Last Price: 166.86
























Er not much to comment about this pair,but its look very nice wave will come. Just beware and catch the wave if wave 3 come out. 167.15 is invalid area for wave 2.But i confidence, wave 3 will come out. Thanks but no thanks.

Al yaqen's
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what the next ?

EURUSD (Intraday)
Posted On: Jul 2 2007 6:50PM ET / Jul 2 2007 10:50PM GMT
Last Price: 1.3616


























[Higher, but approaching a top]

Like i said the bullish trend still strong untill eu approaching a top and look fatigue to goes up else but it possible to reach up a little stair more. While this consolidation from 1.3639 will likely yield another push up toward 1.3650. It also likely that this next leg up will a five wave.This will set the stage for a pullback toward 1.3600 area. Al yaqen's

Al yaqen's
yaqen.canteen@gmail.com

Let my hair down.

Just finish reading my new book "profiting with forex" that i bought from amazon.com. "Profiting with forex" was written by two leading forex expert John Jagerson and S.Wade Hansen.

The one of the chapter in this book is "China".

China has emerged at the next great world power.With a population of more than 1 billion,an eager and inexpensive workforce,and incredible natural and economic resources,China has quickly discovered the influence it exerts on its fellow global superpowers.A decade or tow ago nobody would have imagined the anti-western communist regime that sat at the head of the world's most popular nation would ever enact policy changes that would open the country doors to the western world,but it did.And the world has never and will never be the same.We are witnessing a once powerful dragon experience a complete and consuming resurrection huhu.

Looking for wave iv

EURUSD (Intraday)
Posted On: Jun 30 2007 1:20AM ET / Jun 30 2007 1:20PM GMT
Last Price: 1.3533





















Approcahing the top.

After i fibo my chart (EU m30) using fibonacci expansion,i saw wave iii has end at the right place and reach @ 161.8,the trend still strong to goes up. But for a while when market open this monday EU should retrace for wave iv before sequel their hiking for wave 5 (major wave). If looking at my trading system i believe EU still uptrend.

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