01-07-2008, 06:16 AM
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Member
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Join Date: Nov 2007
Location: Moldova, Chisinau
Posts: 95
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Hello everybody
I wish you a hight profit in new year
But now the post
Quote:
GBPUSD Happy New Year!
Hello!
Happy new year, everyone! Let our knowledge and professionalism grow! I hope that this year we will learn a lot of new things, we will understand Trading System better, we will cooperate with each other, and this way we will make our main step on the way up, to our financial freedom!
I had nice holidays and now I just return from a little trip and know it is time to clear some things, to analyze market and to start this working year.
Take a look at this picture
20080105+-+gbp01.gif (image)
It is GBPUSD, as usual, with Elliot waves marked out and fibo grids on main figures.
You can see divergence on the 5th wave, the 1st sign of reverse. Also we can see bottom on the MACD - it is the 3rd wave in the 3rd. I have marked out main levels (fibo crossings, pivot points).
I expect reverse in Monday, but the 5th wave may be still unfinished, so in Monday I will find flat levels first, then - wait for the real break. As I have said before (not once, I have to mention) it is the main sign to open a trade.
It is all for today, I will post more detailed analyze in Monday's morning.
All the best to all of you!!!
Best Regards,
Anthony Schneider.
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The trade plan is taken from The Uncommon Trading In My Life
Good Luck
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