Well, I am back from a long vacation but I did not sit around and do nothing, well not that much anyway. I have been studying the works of Mr. WD Gann and I will incorporate my studies in my analysis. WD Gann was a true genious who won many trades but was of course not perfect. He did however discover some great ways to project time and price resistance and was a master in pointing out cycle dates.
I will try to update the site at least once a week. This new site is not going to be as up to date as the last one. For more regular updates please follow my twitter. The updates will be randomly chosen, whatever market offers an opportunity.
I am working on a newsletter and hopefully I can provide one very soon. I just want it to be of value and not solely based on Elliott Waves as that gives to many options of where price can go.
I have also been doing very interesting studies on the Elliott Wave theory. Soon there will be a book out by Ian Copsey on “Harmonic Elliott Waves” hopefully before the end of the year, which will shed new light on the bottlenecks in Elliott Wave and will greatly improve forecasting probabilities, very often up till the pip!
So, lots of new things to look forward to and all with the goal to become a better trader!
June 23, 2010
Since the 1875 low on June 7, a turn date called out on this site, the EURUSD gained 600 pips to 2466 where it fell today to 2204.
The move from 1875 can be counted as a double zigzag wave (A) and today’s low is then a wave (B) and on the chart you can see a channel forming where wave (B) found support on the channel support line.