Mr.7xxx.....

TRADING TITAN COMPETITION FXPRIMUS

noreply@blogger.com (fising) — Mon, 20 Jun 2016 19:21:00 -0700

Welcome to the new Live Trading Competition from FXPRIMUS, The Safest Place To Trade, offering all of our traders the opportunity to become TRADING TITANS! Traders of all portfolio sizes and experience levels can benefit from over $50,000 FREE CASH PRIZES with a top prize of $25,000 to the most successful trader.

ELIGIBILTY CHITERIA

All Clients, existing or new, are eligible for the TITANS Live Trading Competition, with the exception of Managed accounts.
When a Client (existing or new) accumulates a gross deposit of $1000 (or currency equivalent) after the start date of the Competition, they will be eligible and auto entered into the Competition.
The Company reserves the right, at its own discretion, to remove any Clients from the Competition.
The Competition runs in parallel to any other promotion that may be offered to Clients.

CALCULATION

For New Clients

% gain = (Equity at end of 3 months) / Gross Deposits over the 3 month period * 100% - 100%
e.g.1
Client Deposits over 3 months: $5000
Client Equity at end of 3 months: $7000
Then: % gain = 7000/5000*100% -100% = 40%

For Existing Clients

% gain = (Equity at end of 3 months) / Gross Deposits over the 3 month period + Equity of Client at point of Eligibility * 100% - 100%
e.g.2
Client Deposits over 3 months: $5000
Client Equity at end of 3 months: $7000
Client Equity at time of eligibility: $1000
Then: % gain = 7000/(5000+1000)*100% - 100% = 17%

REGISTER NOW!!!!!

OPEN ACC

Cable reject support area

noreply@blogger.com (fising) — Wed, 26 Mar 2014 04:56:00 -0700

http://www.mql5.com/en/charts/1647064/gbpusd-h1-fxprimus-ltd hi just my plan trade view at h1 for cable.base on my analysis cable reject at support area 1.65097.for the next extension cable see need to retest resistance level area fibo 2.618(1.66543).cable possible strong retrace uptrend that area.good luck

Au inverse head and Shoulder

noreply@blogger.com (fising) — Wed, 26 Mar 2014 03:56:00 -0700

Hi all long time no update my blog, so that is my plan trade for pair AU base on elliot wave analysis, base on my outlook plan trade AU now progres to completed subwave C to completed major wave C(0.9347) level 4.23% that plan trade still valid if price do not break level support area 0.8925 1,618% good luck frenz and my follower thank for support me..

Fiber major Correction???

noreply@blogger.com (fising) — Sun, 29 Jul 2012 06:15:00 -0700

hi guys

just my personal view base on wave degree count..fiber in progress to completed subwave h1-a? (1.2383 or 1.2480)...for new month plan trade...fiber more buying in area 1.22xxx or 1.21xx..Risk Sl at 1.20xx.major extension fiber can go 1.27xx just my personal view..good luck.

Merkel, Draghi, Rajoy, Monti and the bailouts: What to do? - Round press

noreply@blogger.com (fising) — Sun, 29 Jul 2012 05:28:00 -0700

In June during the last International Traders Conference in Barcelona, Ed Ponsi said in his speech, 'The Future of the U.S. Dollar,' that the reason Germany doesn't print money is that they still remember the 1-billion mark bill. I've been keeping this phrase on my mind during the last month as I've always believed that money is the tool to make better societies even if governments have to invest more money. But I also think that the current countries' leveraging levels are unsustainable. So I found Ed's idea a clever quote to define the Euro situation.

Germany's Merkel is reluctant to permit ECB to support banks directly but if Europeans finally decide to do it as it was hinted at the latest June summit and on Thursday by Mario Draghi, the process "must be implemented quickly" as Ed Ponsi said in this press round with FXstreet.com. "At the current pace, it could take months or even years and that is what the markets find unacceptable."

Richard Olsen, co-founder of OANDA, commented at the ITC too that "Central Banks are spending all tools they have." If necessary, "what Central Banks will use when things come worst?" In other words, what euro leaders must do to improve market sentiment and to ease borrowing costs across the South European countries?

"An exit from the Euro is growing," said John Kicklighter from DailyFX, speaking about Greece, Spain and even other countries. "But the risk that it confers is so large that we need to give the scenario greater weight when we incorporate it into our trading expectations." Kicklighter believes "a Greek exit is around 60 percent at this point."

In addition, the odds for a full bailout to Spain are growing fast and "Euro-area officials will likely force the member to take a full bailout," comments Kicklighter. "We already have an open promise of up to €100 billion of total support for the country and €30 billion of funds for immediate crises need; and confidence continues to evaporate regardless."

"With borrowing costs at unsustainable levels," states Ilian Yotov from Allthingsforex.com. "I would say the odds are about 99.9%." Market believes that Spain would need more than 600 billion for a full bailout to meet borrowing necessities for the next 3 years. In this way yield pressures would be avoided. "What is more pressing is the timing and the method of implementation," comments Ponsi. "If those issues can be resolved quickly, we could see a recovery in the Euro."

Early on Friday, Spain acknowledged it might require a full bailout from the European Union and the IMF worth €300 billion if its borrowing costs remain unsustainable high, Reuters reported citing an unnamed euro zone official.

According to the report, Spain's Economy Minister Luis de Guindos discussed the issue with its German counterpart Wolfgang Schaeuble in a meeting in Berlin on Tuesday as Spanish 10-year yields rose above 7.6%. The official said Germany wasn't comfortable with the idea of a bailout now, Reuters reported.

The IMF published its Article VI on Spain saying that the economic outlook for Spain "remains very difficult and vulnerable to significant downside risks." Spain's unprecedented double-dip recession will last at least until 2014 and poses a threat to the rest of Europe, the International Monetary Fund said. The Fund estimates that policy tightening will reduce output by 1% by 2014 and that unemployment will also rise.

Meanwhile, the Fund expects the Spanish economy to contract by double of previously estimated in 2013. They expect a 1.2% GDP drop in 2013 (previous estimate: -0.6%) and a 1.7% contraction this year (-1.5% previously estimated).

For the time being, ECB’s President Mario Draghi said in a speech in London on Thursday that the European Central Bank would "do whatever it takes to preserve the euro," and "it will be enough" to solve the situation. These words relieved market sentiment and the risk has been put in on mode with the Euro trading above 1.2300. Spanish 10-year bonds traded lower on the back of Draghi's comments. The Spain's Premium risk declined to the current 534 bps with the 10Y bond fell from euro-era highest at 7.73%, reached this week, to the current 6.77%. Italian premium risk eased to 453 bps with the 10Y bonds declining from Wednesday's 6.65% to the current 5.96%.

Despite the fact that Spain's spread decline by more than 40bps on Thursday, concerns on Spanish ability to support current borrowing costs remains as William Gross from PIMCO says, "Spanish yields drop 50 basis on Draghi. No matter. They need 400 basis more to remain solvent longer term."

"Greece, Ireland and Portugal were all pushed into bailout programmes shortly after their long-term borrowing costs exceeded 7%," thinks Megan Green, Head of European Economics at Roubini Global Economics. "But there is no magic number above which borrowing becomes unsustainable. In theory a country could survive if it made a bigger fiscal adjustment so that it had more money to pay down its debt."

"The Spanish government is going out of its way to avoid it [bailout]," continues Greene "In part this is because of concerns that it will be unable to regain market access once it loses it by borrowing from the EU bailout funds. But a delay is also important to the rest of the Eurozone."

In this line, "if the market is already on the path of avoiding risky investments," believes Kicklighter, "they will make a concerted effort to avoid Spain as they have seen too many repeat problems with troubled Euro countries in the past."

"The question is where the estimated 300 billion euro needed for Spain will come from?" rhetorically asks us Ilian Yotov. "There is not in practice enough bailout money for those two countries [Spain and Italy] now," remarks Greene.

Meanwhile, institutions like Citi, in the voice of its Chief Economist Willem Buiter, believes Greece is likely to leave the Eurozone over the next 12-18 months, with chances of 90%: "Our base case is for prolonged economic weakness and financial market strains in periphery countries, spilling over into renewed recession for the euro area as a whole this year and the next”, stating the increased chances from 50-75% now to 90%, most likely in the next 2-3 quarters.

On the other hand, "reports leak from the Spanish government that the prime minister is considering "putting on the table" the option of a withdrawal from the euro," remarks Yotov. And Buiter affirms that the crisis won’t be solved after the “Grexit” as Spain and Italy are expected to “form of troika bailout for the sovereign by the end of 2012”.

So what the leaders must do is act fast and quickly on banking union and allowing ECB to recapitalize banks directly. "If the Eurozone wanted to make sweeping strides towards stabilizing the Spanish troubles," says Kicklighter, "they could fast track the rescue of the nation’s banking system and offer us clear details about the size of the program and the conditions"

"If they wanted to take it even further," continues Kicklighter, "they could quickly adopt the Banking Union that would set the foundation for using the ESM to bailout banking system and further to purchasing government bonds (to stem both sovereign and bank issues)."

Providing the ECB with bank license "could be a good solution to the problem," underlines Yotov. "Give the permanent ESM fund a banking license which will allow it to borrow from the European Central Bank and will increase its firepower."

In other words, paraphrasing a fridge magnet that a friend gave me: "Euro got me into this mess and as God is my witness, Euro will get me out of it."

Fiber Ending diagonal again???

noreply@blogger.com (fising) — Wed, 11 Jul 2012 09:29:00 -0700

hi guy..

just share my personal view base on m30...See eu form ending diagonal...to completed subwave v?...waiting break space point level and arithmatic line...fiber already form extended wave..know...waiting to form ending diagonal..before..make a major reversal..Just my 2 cent view..TAYOR..critical level area reject.. 1.2208 & 1.2184..good luck..

Plan trade fiber this week

noreply@blogger.com (fising) — Mon, 2 Jul 2012 09:03:00 -0700

Hi all

Just to share my plan trade this week..base on square block view..Fiber critical range area .1.2738(strong resistance)& 1.2419(strong support)..pivot level area at 1.2581.base on overall view h4 price still in downtrend side.my bias is downtrend mood...in fiber..this week my plan more selling then buying if price not break 1.2738..

just my 2 cent... ; P

The Big-Four to the Rescue: Euro leaders agree on growth-boost package; ECB eases collateral rules

noreply@blogger.com (fising) — Sat, 23 Jun 2012 08:05:00 -0700

As the trading week's close is drawing near, European leaders came out to address markets' jitters, by announcing a string of measures and proposals aimed to strengthen the region's faltering economy and its financial system.

Leaders of the four largest euro-zone members have met in Rome on Friday in preparation for the crucial EU summit to be held next week. According to Italian Prime Minister, Mario Monti, they have already come to an agreement to introduce economic measures directed to boost the economic growth in the euro bloc.

The four leaders, German Chancellor Angela Merkel, French President Francois Hollande, Spanish Prime Minister Mariano Rajoy and Italian Prime Minister Mario Monti have agreed on the need to introduce economic growth stimulus package worth 1% of euro area GDP, or €130 billion.

At a press conference in Rome today after a meeting of the countries' four leaders, French President Francois Hollande said those measures should be implemented as quickly as possible, while German Chancelor Merkel said she agrees with the package that will be presented for the rest of the member states at the EU Summit on June 28 and 29 next week.

Leaders emphasized the irreversibility of the euro and the need to control deficits. The four leaders also agreed "to put all the mechanisms into motion to achieve financial stability" and to work toward better economic and financial integration. "We need more Europe," Merkel said.

Meanwhile, Germany seems to be lagging alone in its position against the European rescue fund purchasing sovereign bonds. Hollande said Friday he supports Monti proposal to use rescue funds to buy distressed member's debt.

Earlier on the day, Mario Monti said in an interview for The Guardian that if EU officials fail to devise a clear strategy next week "a large part of Europe would find itself having to continue to put up with very high interest rates that would then impact on the states and also indirectly on firms. This is the direct opposite of what is needed for economic growth."

ECB announces measures to boost collateral availability

Also Friday, the European Central Bank announced measures to ease collateral rules and allow banks greater access to liquidity.

The ECB decided on additional measures "to improve the access of the banking sector to Eurosystem operations in order to further support the provision of credit to households and non-financial corporations", says the ECB in a statement.

The ECB has reduced the rating threshold and amended the eligibility requirements for certain asset-backed securities (ABSs) thus increasing the pool of securities it accepts from banks at its liquidity operations.

In addition to the ABSs that are already eligible for use as collateral, the ECB will now accept certain mortgage-backed securities, car loans and loans to small and medium-sized firms.

The newly eligible ABSs will face higher haircuts, or certain discounts, and "must also satisfy additional requirements which will be specified in the legal act to be adopted Thursday 28 June 2012". The measures will take effect as soon as the relevant legal act enters into force.

The Bundesbank, the German central bank, was quick to respond. "The Bundesbank takes a critical stance on the new rules," a spokesman said. The Bundesbank has repeatedly criticized the ECB for the continued easing of its collateral rules.

Spain expected to apply officially for bank aid on Monday

Following the Spanish bank audit results released on Thursday the Eurogroup head Jean-Claude Juncker strongly urged the country to present its official request for bank aid by Monday, despite the fact that initially Spanish Economy Minister Luis de Guindos described it as just a formality. After the misunderstanding was cleared up, it was agreed that the request will be put forward as soon as possible, by Monday at the latest.

The Eurogroup confirmed that the recapitalization money for Spanish banks will come from the EFSF bailout fund and that the exact amount will be determined during negotiations which will be held in the next two-three weeks. Once Spain officially asks for assistance the Troika inspectors will be able to visit the country to supervise the recapitalization process.

Spain needs up to €62 bln to recapitalize banks

Spanish Government announced Thursday independent assessments consider Spain will need between €16 and €62 billion to recapitalize the nation's banks.

According to reports made by Oliver Wyman and Roland Berger, hired by the Bank of Spain at the request of the Government, Spanish banks' fund needs amount to €16-25 billon in central scenario and between €51-62 billon in adverse scenario.

In the central scenario, Oliver Wyman considers €16-25 billon as appropriated, while Roland Berger estimates €25.6 billion.

In the adverse scenario, which contemplates a 5.0% drop in activity, a 26.4% fall in housing prices, and a 6.5% accumulated decline in GDP through 2014, Oliver Wyman estimates funds need between €51 and €62 billion, while the second firm forecasts €51.8 billion.

For the analysis, both firms studied independently 14 banks, which aggregate nearly 90% of banking activity in Spain, in a 3-year timeframe.

Most needs, are concentrated in the nationalized entities or in process of being, Bankia, CatalunyaCaixa, Novacaixagalicia and Banco de Valencia, who will have to resort to European money. Three biggest banks do not need capital.

With the reports available, the Spanish government will proceed to the formal request for financial assistance. The EU announced on June 9 it approved as much as €100 billion in a loan to recapitalize Spanish banks. Hence, in the worst scenario, Spain will need €38 billion less than pre-approved by the EU.

These assessments represent the first step as these studies do not reveal how much would each bank will demand, that's will be revealed by reports requested to four major audit firms operating in Spain, Ernst & Young, Deloitte, KPMG and PwC, which will end their work by July 31.

Spanish FinMin Luis de Guindos said earlier Thursday that he expects that the roadmap for banks' recapitalization should be clear by the end of July.

Moody's downgrades 15 global banks as previously leaked

Moody's, as expected, has downgraded 15 banks with global capital markets operations. The cut breakdown has seen 4 downgraded by 1 notch, 10 by 2 notches, 1 by 3 notches, the latter receiving the severe 3 notches cut was Credit Suisse.

The full list of downgrades can be found below:

- Morgan Stanley 2 notches to Baa1 (there was talk of 3 notches)

- Citigroup lowered to Baa2, outlook negative

- UBS lowered 2 notches, there was talk of 3

- RBS lowered 1 notch to Baa1, outlook negative

- Goldman to 2 notches to A3 from A1

- HSBC 1 notch to AA2

- Barclays 2 notches to A3

- BNP Paribas 2 notches to AA3

- Credit Agricole 2 notches to AA3

- RBC to two notches to Aa3

- Soc Gen 1 notch to A2

- Deutsche Bank 2 notches to A2

- Fortis, Lloyds and Bank of America the others.

"All of the banks affected by today's actions have significant exposure to the volatility and risk of outsized losses inherent to capital markets activities", says Moody's Global Banking Managing Director Greg Bauer. "However, they also engage in other, often market leading business activities that are central to Moody's assessment of their credit profiles. These activities can provide important 'shock absorbers' that mitigate the potential volatility of capital markets operations, but they also present unique risks and challenges."

EU Form Head and Shoulder??

noreply@blogger.com (fising) — Sun, 22 Apr 2012 10:28:00 -0700

Hi all,

Just my personal view fiber base on h4 chart see eu form head & shoulder?(continue pattern downtrend)...now fiber need to completed subwave c? or 2?...i smell some bearish mood in major range : ) good luck.

EU Next Extension 1.36xx???

noreply@blogger.com (fising) — Sun, 1 Apr 2012 04:43:00 -0700

Hi All..

update fiber wave degree count..for next trading plan...enjoy

The U.S. Economic Recovery: Illusion or Reality? And what does it mean for the U.S. Dollar?

noreply@blogger.com (fising) — Fri, 30 Mar 2012 21:28:00 -0700

Mauricio Carrillo - Leaving behind us the first quarter of 2012, market is facing now the next tranche of this year with kind of less confidence than pass weeks, Why? Despite the last months improvement in the fundamental figures across the US, many experts were alerting that the recovery pace wasn't enough to sustain the overall US economy. Why this lack of confidence taking that the US economy health is in a better condition than the last years?

Ilian Yotov, FX Strategist and Founder for AllThingsForex writes in exclusive for FXstreet.com the second issue of the "The US Observers" series. He title his piece as The U.S. Economic Recovery: Illusion or Reality? … And what does it mean for the U.S. Dollar? Hope you will enjoy as much as I did it.

The U.S. Economic Recovery: Illusion or Reality? …And what does it mean for the U.S. Dollar?

By Ilian Yotov, FX Strategist and Founder for AllThingsForex

(Allthingsforex.com) – With Q2 2012 on the horizon as the first quarter of the year winds down, currency traders continue to ponder the strength of the U.S. economic recovery, the trend of improvement in the U.S. labor market, the next move by the Fed and, ultimately, what all of this would mean for the future fate of the U.S. dollar.

At the start of the fourth quarter of 2011, in one of our weekly outlook articles, we wrote: “in the final three months of last year, the markets will begin a quest to find out if the U.S. economic picture is really as gloomy as the FOMC statement painted it to be.” The reason we felt that it would be important to take on such a quest was because the Fed’s outlook for Q4 2011 was not very optimistic, the EU debt crisis was far from over, and in the market’s eyes QE3 was only a matter of time.

Naturally, equities traders would have loved to see another round of quantitative easing to keep the stock market rally going, but currency traders knew that this would have been done at the expense of the greenback. And so, day after day, week after week, we diligently monitored the outcome of the main indicators on the state of the world’s largest economy with one objective in mind- to determine if the U.S. economic data would raise or reduce QE3 odds.

So far in Q4 2011 and Q1 2012, it turned out that the latter has been the case. Even the Fed Chairman Bernanke has recently acknowledged the signs of improvement, telling Congress that, "while keeping monetary stimulus is warranted… the drop in the unemployment rate has been more rapid than expected”. But don’t take his or our words for granted. The numbers speak for themselves…

GDP

The U.S. economy has managed to avoid a double dip and has registered stronger growth than each previous quarter for three consecutive quarters in 2011 (Q2, Q3 and Q4).

Jobless Claims

In Q4 2011, the U.S. weekly jobless claims finally broke below 375K, a number which economists estimated could serve as a leading indicator of future improvement in the U.S.job market and further decline in the unemployment rate. By March2012, the U.S. jobless claims have reached a 4-year low.

Employment Situation

The U.S. Employment Situation figures mirrored the trend of improvement in the weekly jobless claims with the U.S. economy adding over 200K jobs per month for three consecutive months (December, 2011, January and February, 2012) and with the unemployment rate declining from 9.0% in September, 2011 to8.3% in January and February, 2012.

Industrial Production

The U.S. manufacturing output has recovered after the drop in mid-2011and has been gaining pace for three consecutive months in December, 2011, January and February,2012.

ISM Manufacturing and Non-Manufacturing Indexes

Activity in the manufacturing and services sectors of the U.S. economy continue to show resilience,with both the ISM Manufacturing and Non-Manufacturing Indexes sustaining above 50 in expansion territory for over two years since December, 2009.

The Weak Spots

When examining the data listed above,it is hard to make the case for more doom and gloom. There are promising signs that the U.S. economy has gained traction and could continue to improve. But if there is anything that we have learned from the process of recovery from the Great Recession it would be to not get too overly optimistic, as things could take a turn for the worse at any time.

From a global perspective, there are a number of factors that could have a negative impact on worldwide growth and on the U.S. economy. China, the second largest economy in the world, is slowing and its “soft landing” could turn out to be less cushy than anticipated. The EU leaders are still yet to convince investors that the worst of the debt crisis is behind and that they are capable of building a strong firewall to prevent contagion into the larger economies of the monetary union. The recent disappointing manufacturing and services PMI reports from Germany and the Euro-zone have put into question the expectations of a Euro-zone rebound in the first quarter of 2012.

Domestically, there are also weak spots in the U.S. economy with inflationary pressures picking up, the trade deficit widening and the housing market still lagging behind the improvement in other sectors.

The U.S. Dollar

Looking ahead at Q2 and the rest of2012, the future fate of the greenback will continue to be dependent on the Fed’s next move and, in particular, on QE3 expectations. The strengthening U.S. economy has and will continue to reduce the odds of the Fed “doing more” (which are the new code words for additional quantitative easing).

In the last couple of quarters, we’ve seen the inverse relationship between the U.S. dollar and risk beginning to fade away as evidence of a stable U.S. recovery mounts.Since the collapse of Lehman Brothers in 2008, stock market weakness and risk aversion have lead to U.S. dollar strengthening approximately 80% of the time. On the other hand, risk appetite and the rally in equities in most instances have resulted in U.S. dollar weakness. The percentage of this inverse relationship between risk and the greenback has fallen to about 40% in the first quarter of2012.

This, of course, does not mean that the only way would be up for the U.S. dollar going forward. At least not until QE3 is completely out of the picture. The Fed has been and will continue to stand ready to deploy it if economic conditions begin to deteriorate in the months and quarters to come. There may be a reason why the U.S. central bank has not yet ruled out completely the option of doing more quantitative easing. As witnessed throughout the last 4years, things could get ugly fast. Q1 2012 GDP forecasts already point to a slower growth of 2.3% in the first quarter compared with3.0% q/a in the fourth quarter of 2011. The current quarter U.S. GDP model by Moody’s predicts an even smaller number with the U.S.economy forecast to grow by 1.8% q/a in the first quarter of 2012.Rising oil prices and tax cuts set to expire by the end of the year could also become a significant drag on the U.S. economy.

Despite of the dangers ahead,economists estimate that the current pace of growth would be sufficient enough to continue to lower the unemployment rate. Should such expectations become more than just wishful thinking in the upcoming quarters, the Fed could consider steering away from QE3 and could begin to change the course of its monetary policy, directing it towards tightening before the promised deadline of “late 2014”. If this is what the market believes and begins to price in, the U.S.dollar’s future might just get brighter.

EU h4 setup

noreply@blogger.com (fising) — Wed, 21 Mar 2012 10:22:00 -0700

hi all,

Just my personal view base on h4 chart direct count.fiber still in mood downtrend to completed major wave C.Now see fiber breakout spacepoint level i assume last high completed subwave b.(arithmatic line support still pending break).if valid my count..fiber in progress to completed subwave c : ) first expectation 1.28xx ~ 1.26xx.Good luck...count still valid if price not break 1.3490(last high major wave B).

Cable setup tf m5

noreply@blogger.com (fising) — Thu, 8 Mar 2012 03:52:00 -0800

Cable direct count base on Ew..tf m5...(before bank rate)

Plan trade more buying reason:-
*no break space point
* price can progress to completed subwave c.
* fibo can expand 200% or 261.8%

Dollar to correct lower before strong upwards movement

noreply@blogger.com (fising) — Thu, 8 Mar 2012 03:17:00 -0800

The alternate wave count was confirmed which expects that we may have seen a trend change last week.

We continue with the possible trend change as our main wave count and provide an alternate that may explain further downwards movement.

Elliott Wave chart analysis for the USD Index for 8th March 2012. Please click on the charts below to enlarge.

Main Wave Count

The dollar is seen within wave 3 blue to the upside.

Within wave 3 blue waves i and ii pink are seen as complete. Wave iii pink is expected to be subdividing into green degree with waves (i) and (ii) green complete.

A ratio within wave (ii) green is: wave c orange is .03 longer than .618 the length of wave a orange.

Upwards movement is therefore expected within an impulsive structure for wave (iii) green. This should see price move well beyond the end of wave (i) green.

We have a full daily candle above the upper trend line of the trend channel about wave (ii) green. This increases our confidence in this wave count.

Movement above 80.12 would confirm this wave count as our alternate daily would then be invalidated. There would however be other lower probability alternatives.

A conservative target is at 85.16 where wave (iii) green would reach equality with wave (i) green. A more typical target is the 1.618 Fibonacci ratio of wave (i) green. We will use this ratio once more of the structure within wave (iii) green is complete.

Movement below 78.10 would invalidate this wave count as no second wave correction within wave (iii) green may move beyond the start of the first wave.

This hourly wave count sees the Dollar within the first impulse labeled i orange within wave (iii) green.

Wave i orange has a very good impulsive look and we expect it is complete, meaning that we should be seeing short term downwards movement within wave ii orange.

Ratios within wave i orange are: wave 3 purple has no adequate Fibonacci ratio to wave 1 purple and wave 5 purple is .03 longer than .382 the sum of waves 1 and 3 purple.

We expect to see wave ii orange move to the price territory of the fourth wave of one lesser degree, which is wave 4 purple. This aligns well with the .382 Fibonacci retracement of wave i orange. We would need to wait for more of the structure within wave ii orange to determine a more likely target.

According to this wave count the short term upwards potential is limited as the Dollar should be moving lower and sideways over the next few days to a week.

If we see further upwards movement then it is likely that one of the sub waves within wave i orange is extending higher, this would still leave the upwards potential limited as a second wave correction would then still be very close.

Alternate Wave Count

This alternate daily expects wave (ii) green is incomplete and that wave c orange is sub dividing into purple degree with wave 1 purple complete.

Wave 2 purple is seen as an impulse, and therefore this is probably only wave A within wave 2 purple and waves B and C should still follow before wave 2 purple would be complete.

Movement below 78.10 would confirm this wave count as the main count would then be invalidated.

Movement above 80.12 would invalidate this wave count as wave 2 purple may not move beyond the start of wave 1 purple.

If this wave count is invalidated, then wave (ii) green may still unfold as a flat correction with wave a orange complete at the label for wave 1 purple.

Movement below 74.72 would invalidate this wave count to the downside as wave (ii) green may not move beyond the start of wave (i) green.

Fiber wave degree count

noreply@blogger.com (fising) — Tue, 6 Mar 2012 04:27:00 -0800

hi all..

this is my anaylsis fiber base on wave degree count...

EU Setup

noreply@blogger.com (fising) — Fri, 2 Mar 2012 03:54:00 -0800

Hi all

fiber setup base on direct count...see fiber in progress from zigzag...pattern..now fiber in completed to finish subwave c to compeleted major wave B...waiting for best buying from deep...good luck.

Fiber setup

noreply@blogger.com (fising) — Mon, 27 Feb 2012 08:08:00 -0800

Hi All..

fiber setup base on direct chart count...see fiber need to progress to completed major wave c.now fiber in still in progress sub wave iii.Count still valid if price not break arithmatic line.. next projection fiber 1.36xxx Insyaallah...

Aussie count

noreply@blogger.com (fising) — Sun, 26 Feb 2012 00:00:00 -0800

Hi all.,

just my plan trade for aussie base on direct chart count..this week aussie waiting for completed subwave ii (previous high or 78.6%) if aussie break arithmatic line.market need to progress to subwave iii and need completed to major wave C...(zigzag pattern)..Count still valid if market not break 100% retracement subwave ii.good luck and happy holiday..

Cable next week plan trade...

noreply@blogger.com (fising) — Sat, 11 Feb 2012 09:31:00 -0800

Hi All...

update cable count base on direct chart.my personal view cable in progress to competed major correction wave b..
count valid if price not break previos high.

Eu Ending Diagonal???

noreply@blogger.com (fising) — Wed, 8 Feb 2012 03:33:00 -0800

HI all...

base on direct count chart fiber...looking eu in progress to completed subwave v(ending diagonal)..

count still valid...if market not break previous high..good luck.

Forex Trading Plan

noreply@blogger.com (fising) — Mon, 6 Feb 2012 04:59:00 -0800

1.What is a Forex Trading Plan?

The forex trading plan is the systematic approach to currency trading which controls all aspects of the trading. The trading is conducted through simultaneous application of three different systems - the forex trading system, the money management system and the emotion management system, as is shown below. These three systems are three pillars of the successful currency trading.

Each of the systems will have its own rule sets (descriptions of the signals/conditions and the actions that they require) related to the object of their operation. The rule set of each system are converted into simple-to-follow instructions - checklists - that the trader or the computer can easily follow. These checklists will govern the whole trading process - controlling the timing of the trade entries and exits (forex trading system) , the value of the opened trades in relation to the account balance (money management system) and the emotional state of the trader (emotion management system). The resultant trade details should be recorded in thetrading log and later studied for the ideas on how to improve each of the systems.

2. What are Rule Sets?

The forex trading system will contain the rules on which types of technical and/or fundamental signals should be considered and when the trades should be opened and closed. The money management system will contain the rules on what is the optimal per-trade exposure for the trading system which is used by the trader. The emotional management system will set the rules on the degree of emotional involvement permissible for the trader in each of the trades - along with the methods for strengthening the beneficial emotions and weakening the destructive emotions.

3. What are Checklists?

The trading system's checklist will contain the exact description of the conditions for the trade entries and trade exits (i.e. which technical or fundamental signals should converge to justify opening or closing of a position). Ideally, this checklist should leave no room for second-guessing the signals that the trading system generates: you either open or close a trading position because all fits or you don't. In most cases such low level of ambiguity is possible only with the mechanical trading systems while the discretionary trading systems, as their name suggests, usually include the possibility of second-guessing the signals by the trader. A trade entry checklist will contain questions (which are most easily processed by the mind) regarding the conditions which will lead to the opening of a position. For example, if the rule set of your currency trading system requires that you open a trade when the 20-day moving average crosses over the 50-day moving average the checklist might record this rule in the following question: "Is the 20-day moving average close to crossing over the 50-day moving average; If yes - prepare to open a trade; if not -stay still". Mechanical trading systems have a distinct advantage over discretionary trading in terms of the frequency that the trading system checklist is gone through - while an average discretionary trader can go through his checklist only a certain number of times per hour without getting exhausted, the mechanical trading systems are incessantly checking the markets for the relevant signals without resting for a single second.

The emotional exposure checklist will contain the instructions for tracking emotional involvement of the trader in the trading process and the methods for controlling it. Even if the checklists derived from the trading and the money management systems are in themselves powerful emotion control systems (or weapons against the emotions), it is necessary to have a separate standalone emotion management system, given the persistence of the destructive emotions. As an example of the question that can be asked in the emotional exposure checklist - "Am I getting angry when the stop-loss is hit; if yes - I should remind myself that the losses are the inseparable part of successful currency trading."

Successful forex trading requires that all three trading systems work in harmony with each other (all three are equally important) - that the trades are opened and closed when there is no conflict between the systems' instructions (checklists). The allocation efficiency calculator (Please note: This calculator requires that Javascript is enabled in your browser) demonstrates the necessity of meeting the constraints of both the forex trading system and the money management system. The combined effect of these two systems on the trading is shown by the "Math.Exp.*% Risked" cell on the forex trading simulator.(Please note: The size of this page is 0,6 Mbs and it requires that you have Flash installed and Javascript enabled in your browser).

Note: It should be noted that the emotion management system is only required when the trader is manually executing the signals of his or her trading system. If thetrading is fully automated the emotion management system can be dispensed with - because no emotions will be interfering with the process of the currency trading.

4. What is the Trading Log?

All information regarding trade entries and exits should be recorded in the trading log. If you are trading a discretionary trading system you will need to manually enter this information. If you are trading with a mechanical trading system the conditions for trade entries and exists will usually be recorded automatically. The trading log will tell you how well your systems are working under the current market conditions. You can analyze this information and use your findings to change the way your systems operate - so that you can achieve better results with your trade timing, position sizing or emotion control.

5. Mastering Forex Trading

Trading is often compared to business. If foreign exchange trading is business then the forex trading plan is your business plan which should be prepared before you start trading with the real money. The better you prepare this plan the more success you can expect to achieve in real currency trading. To assist you in this process we have selected the best books and trading courses on each of the three trading systems that you can use to create your own trading plan. You can also browse this site for ideas on system development starting from the top system description pages (the links at the start of this page) and then going down to the pages describing individual system components.

Even if forex trading is a business it differs significantly from traditional brick and mortar businesses. Trading like any business is subject to geometric growth if managed properly – but only the trading allows to completely control this growth and its speed – with no customers and competitors and other external forces like government regulations affecting your money making ability and the speed of your account growth. There are no real competitors when you trade on the forex other than yourself – global investment banks and hedge funds that move the price don’t know you exit (unless you are one of them) and possibly will never know….they don’t care where you place your stop losses and profit targets. The only way you can reduce your long term profit potential is by deviating from your trading plan. Nothing else has the power to take the success from you. In fact, the best definition of success in the forex trading is following your forex trading plan with %100 precision.

Following your trading plan with 100% precision shows that you trust yourself and believe that the knowledge that you have encapsulated in your systems will with time help you to reach your financial goals. Following your trading plan with absolute exactness comes from the master principle of currency speculation which requires that no aspect of the trading should be left to chance. Only by the conscious and ac tive control of each and every aspect of the currency trading - that is, by following your forex trading plan - can you expect to be successful in forex trading.

Greek debt talks slow amid disagreement over austerity reforms

noreply@blogger.com (fising) — Sun, 5 Feb 2012 22:10:00 -0800

Talks to resolve the pressing issue of restructuring the privately held debt by Greece remain very slow and appear to no longer go ahead until there is no enough guarantees that Athens can implement more severe austerity reforms. Greece is getting ever closer to bankruptcy unless it can secure a second financing package from the euro zone and the IMF.

Amid this scenario, there seems to be very limited new information on the debt-swap front, as talks have stalled until the troika sees greater willingness to impose austerity. Nonetheless, the latest detail indicate that Athens is pursuing that banks, insurers and the ECB itself take losses of about 70% so that Greece can ease its 100 BLN EUR debt burden, with a 14.5 BLN EUR deadline due to be paid by mid-March.

UBS: “We believe the week ahead will be extremely significant for event risk and headlines could become a dominant driver for the euro.” Euro zone officials continue on a very hard-line stance refusing to accept any planned debt swap nor signing off a new fresh bailout until Athens can guarantee it would implement promised reforms.

Amidst warnings that Greece has reached its limit and is unable to accomplish any more austerity, the latest reports suggest that the Hellenic country will have until noon Monday to make a counter-offer to satisfy the Troika's demands, unwilling to yield an inch from their demands.

Greek Prime Minister Papademos has warned that the country's partners in Europe are starting to run out of patience. "There was a very clear message to the Greeks that enough is enough," one euro zone official told Reuters. "There is a great sense of frustration that they are dragging their feet."

Greek FinMin Venizelos warned that the stakes were rising as time ran out. "We are on a knife-edge," he told reporters. "The distance between the successful completion of the procedures and an impasse which could happen by accident or because of a misunderstanding is very small."

As reported by IFR Markets: “EU sources say Eurozone governments may now have to cough up an extra 15 BLN EUR on top of the 130 LN EUR agreed. The lenders have demanded extra spending cuts worth about 1 percent of GDP - or just above 2 BLN EUR - this year, including big cuts in defence and health spending.”

The failure to resolve all of the issues with the Troika and EZ countries has resulted in the meeting between the Greek PM and leaders from the socialist, conservative and far-right coalition to seek their blessing for reforms in the bailout to be moved from Saturday to Sunday

Aussie count

noreply@blogger.com (fising) — Thu, 2 Feb 2012 08:04:00 -0800

Hi All,

before Sleep i see the tringger setup for aussie...base on m5 .IF price break space point level..aussie progress to subwave c to completed major wave 2.Just my personal view..trade own ur risk good luck.count still valid if price not break previous high subwave 5.

NFP: January report might show moderately positive data

noreply@blogger.com (fising) — Thu, 2 Feb 2012 03:10:00 -0800

Recent improvement in US economic data as well as the positive numbers shown in the November and December Nonfarm Payrolls reports do not necessarily mean that the condition of the labor market is on a road of steady growth.

The analysts polled for our special forecast report emphasize that the increases registered in the last two months were mostly due to one-off, seasonal factors and according to Bill Hubard "while the labour market is improving, the pace of recovery is still disappointing." Yohay Elam indicates "the expiration of tax incentives at the end of 2011" as one of the reasons why January figures might not be as high as those from the last two months.

On the other hand Adam Narczewski does not consider possible "a sudden deterioration of the labor market" and even points to a slight decrease of the unemployment rate to 8.4%. Other analysts rather see it remaining at 8.5% and, such as in the case of Talal Abdullah, "believe that the Non-farm Payrolls will show 'moderate' jobs growth."

Generally, the predictions of experts vary considerably: from 100.000 jobs added as Ilian Yotov suggests, to a very optimistic 250-260.000 estimate from Alberto Muñoz. The majority however indicates a number hovering around 200.000.

Eu Ending Diagonal???

noreply@blogger.com (fising) — Thu, 26 Jan 2012 06:15:00 -0800

Hi all,

just share my count base on direct chart..fiber now in progress to completed ending diagonal wave v..waiting for major retracement coming...huhuhuhu...just my 2cent count good luck and TAYOR...