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jamace:
Great! I'm following.

ALRIGHT BRO

mr elyte can u suggest any standard book on price action and wave pattern analysis.

JESUS!!!!!! I just went through ur blog niw, MEHNNNNNNN u r a real fx guru

cryptography:
mr elyte can u suggest any standard book on price action and wave pattern analysis.

there are so many free ebooks online . Just goto google.com and download...even on my blog you can download lots of free reports from Elliot wave international...they are the only company I can give my cash to....all there analyst and traders have min of 25 years trading experience...read the books of these guys and you will not remain the same ...seriously

cryptography:
JESUS!!!!!! I just went through ur blog niw, MEHNNNNNNN u r a real fx guru

thank you sir

BINARY FIX ODD INVESTMENT, FUND MANAGEMENT, TRAINING 100% STRATEGY TO MAKE YOU MAKE 5-10% PROFIT ON DAILY BASIS FOR INFO 08024940672 rmb5491@gmail.com

Guys I have posted my analysis on Cadchf as I opened a sell order....The long and short term view...check it out at www.forexsnipper..com.......post any questions here

with yet another 130pips...totalling more than 500pips this month; Usdcad fulfilling the first scenerio i discussed on 23rd october...check the analysis again http://forexsnipper..com/2014/10/two-face-of-usdcad.html

Update on cadchf.....

You must see it.... http://forexsnipper..com/2014/10/cadchf-escape-route.html

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Second scenerio of the usdcad bullish face surfacing now...www.forexsnipper..com .....Over 500pips on usdcad and 1000pips on Gold this month.

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Usdcad in a party of its own.... I have a new update...Learn how I followed Usdcad move from July 6th till date
www.forexsnipper..com ........ latest +180pips and counting

Usdcad and Gold analysis posted on www.forexsnipper..com ...... check it out...Am already on Usdcad sell and Gold buy after a total 1500pips last month from these two pairs........

As I await bullish retracement on Gold, a triangle corrective pattern is forming. Lets see where the break out will happen.
Check the full analysis on www.forexsnipper..com

Usdcad forming a complex zigzag correction and its expected to dip further. I still hold my sell order with stop loss reduced by 60%. Check the update on www.forexsnipper..com

The triangle I earlier mentioned on Gold broke out downside and its moving up fast completing a flat correction to resume upside. I still hold my buy position with stop loss reduced by 50% www.forexsnipper..com

usdcad and gold super classy moves....All smiles for the weekend....Updates coming later tomorrow... Bookmark www.forexsnipper..com

My view on Gold...If the flag formation is broken upside... We might see further upshoot to 1220 or thereabout before the bearish movement continues......
www.forexsnipper..com

wOW MY GOLD BUY IS STILL ROCKING......

After picking yet another 450pips from Gold and 140 pips on usdcad....Gold looking to resume the bearish move and usdcad in a flat formation to resume upside if broken up... Analysis of usdcad has been posted on www.forexsnipper..com ......Gold analysis to come later... I am in a bearish position on Gold,,waiting for usdcad

My View on Eurusd

Eurusd has engaged itself in a very fierce bearish movement from April this year. This move is to complete the triangle corrective pattern which started in June 2008.

With this correction we are likely to see eurusd dipping further to strike the support line of the triangle or penetrate for a little throw-under and move immediately back to the triangle zone. Price should be contained within this region ( 1.2150 and 1.8850) if the long term bullish move will ever resume for probably the next decade.

In the daily chart, the move from April 2014 is a very bearish impulsive move with its last wave forming and looks uncompleted. The 5th wave could take us to the regions I mentioned above.

Presently market is consolidating within a zig-zag (4 hour chart) corrective channel, 4th wave of the wave 5 0f 5 mentioned above. If price breaks this channel downward, (1.2150 and 1.8850) region will be the new haven of eurusd and we shall watch its reaction there ( bounce or penetration)
If price breaks above 1.2600, price could be ready for a long bullish move and we will require a new short term analysis to decipher the message price is passing across to us.

Get the full analysis with analytical charts of the weekly, daily and intra day time frame at www.forexsnipper..com and bookmark it

On Eurusd

On 21st November, I did an analysis on Eurusd, when I discussed about an expected move of Eurusd down to the support zone ( 1.2150 and 1.8850) if the intraday zigzag channel is broken downward.
Price broke the channel mentioned above and is presently retracing to the neckline of the channel or ( 50% retacament of the intraday wave 3 to resume the bearish move to the expected zone before deciding what to do next.
If the present retracement happens to break 1.2600 upward, the bearish analysis is invalid
I presently have my pending sell position at 50% retracement of the most recent intraday bearish move

You can get analytical charts on Eurusd and the new update on Gold ( an emerging ending diagonal) with analytical charts at www.forexsnipper..com

Don't forget Usdcad.....Analysis coming shortly....

If you want a comprehensive analysis on Usdcad, you can read the one I did on 20th of this month ( http://forexsnipper..com/2014/11/the-new-state-of-usdcad.html ). The analysis supports a bullish move.
The recent bearish movement we had ( if completed) is a bearish complex correction and I expect Usdcad to rake high to 1.1850 ( more than 500pips away) in a new bullish motive wave.

Coupled with the fact that Usdcad has a very strong negative correlation with Oil price which is dipping so fast, I won’t be surprised if the move is very fast to the north.

I will wait for an intraday retracement to 1.1310 before the long bullish adventure on Usdcad

Meanwhile, I have a new wave count which doesn’t contradict my bullish bias

Updates on Eurusd , Usdcad, Gold has been posted...Check it out... www.forexsnipper..com

On 21st November, I saw a need for more bearish move of the Eurusd. The basis of this analysis is the continuation of the terminating fifth wave of the last swing-leg of the bearish corrective triangle which started in 2008.
According to my various projection tools, I saw a possibility of 1.2150 and 1.8850 support zones . I went out of my trades with 180 pips at 1.2280
There is a strong possibility for further bearish push before the long awaited rally could start.
Presently on the 4 hour chart, price seems to complete the 4th wave of an ending diagonal to terminate the 5th wave in a grand style.
With bullish divergence on the daily chart, I can only think of a bullish move. If the 5th wave of the diagonal dips further with a three-wave intra day drive, there could be an opportunity to take a nice trade with a very good risk reward ratio.
While I wait, let me enjoy my Gold

Check www.forexsnipper..com for break down analysis with analytical charts

Usdcad fulfilling the bullish potential as speculated. This could be its next move for the first half of next year....check the full analysis at www.forexsnipper..com

Welcome to 2015 everyone. I thank many of you here who have followed secretly. I really need comments and encouragement.
This year is going to be different and special. I will put analysis, step-by-step elliot wave analysis and weekend review on pdf.
If you subscribed to my mailing list, please check your mail. I have sent 2015 long term analysis of eurusd and usdcad to you in pdf. You can download and dissect. Let me know if they help you

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Let's make 2015 a profitable year.








I wish you the best in 2015

Meanwhile, I have posted analysis on Usdcad and Eurusd on my blog.. www.forexsnipper..com
Check it out