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The US Dollar Technicals

Daytrader21 Posted 9 May  in #Trader's blog #Article Contest #Dxy #Cycles #Us Dollar
This blog post it's a continuation from last time I talked about the US Dollar, but in the meantime I wrote an Article talking there in more details about this issue, go check it out here: US Dollar Macro and Technical View
It's not unrealistic for the dollar to continue rallying as there have been other instances in the past in which case the dollar rally has extended past 50% mark (see Figure 5). Actually the dollar trade weighted cycles tend to last on average 8 years and we ha…
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May FX Seasonal Cycles

Daytrader21 Posted 1 May  in #Trader's blog #AUD #GBP #JPY #Forex #Euro #Dollar Index #Cycles #Seasonality
Since a new month has started, the best way to asserts the probability of where the market is likely to be heading in this month is for us to look at the seasonality patterns. The seasonality cycles will bring in a new dimension in which you can analyse the market. Seasonality are a predictable change in price that repeats every day, week, month, year at the same period in time.
You can find more details how this seasonal patterns affect the exchange rate and more importantly how to correctly us…
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March FX Seasonal Cycles

Daytrader21 Posted 1 Apr.  in #Trader's blog #AUD #JPY #Euro #Fx #Cycles #Pound #Seasonality
Since not only a new month has started, the best way to asserts the probability of where the market is likely to be heading in this month is for us to look at the seasonality patterns. The seasonality cycles will bring in a new dimension in which you can analyse the market. Seasonality are a predictable change in price that repeats every day, week, month, year at the same period in time.
You can find more details how this seasonal patterns affect the exchange rate and more importantly how to cor…
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January FX Seasonal Cycles

Daytrader21 Posted 2 Jan.  in #Trader's blog #AUD #GBP #EUR #JPY #Cycles #January #Seasonality

Since not only a new month has started, but we're into a new year, the best way to asserts the probability of where the market is likely to be heading in this month is for us to look at the seasonality patterns. The seasonality cycles will bring in a new dimension in which you can analyse the market. Seasonality are a predictable change in price that repeats every day, week, month, year at the same period in time.
You can find more details how this seasonal patterns affect the exchange rate and…
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PPandM 2 Jan.

Happy New Year! :-)

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Daytrader21 2 Jan.

Hi, Happy New Year and lots of $$$$$$:)

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ANABEVZ 7 Jan.

Happy New Years !!! Best wishes with $$$:)

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December Seasonal Forex Patterns

Daytrader21 Posted 1 Dec.  in #Trader's blog #AUD #GBP #EUR #JPY #Patterns #Cycles #Seasonality
Since a new month has started the best way to asserts the probability of where the market is likely to be heading in this month is for us to look at the seasonality patterns. The seasonality cycles will bring in a new dimension in which you can analyse the market. Seasonality are a predictable change in price that repeats every day, week, month, year at the same period in time.
You can find more details how this seasonal patterns affect the exchange rate and more importantly how to correctly us…
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November Seasonal Forex Patterns

Daytrader21 Posted 3 Nov.  in #Trader's blog #AUD #GBP #JPY #Euro #Patterns #Cycles #November #Seasonality

Since a new month has started the best way to asserts the probability of where the market is likely to be heading in this month is for us to look at the seasonality patterns. The seasonality cycles will bring in a new dimension in which you can analyse the market. Seasonality are a predictable change in price that repeats every day, week, month, year at the same period in time.
You can find more details how this seasonal patterns affect the exchange rate and more importantly how to correctly us…
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AUD/USD Rectangle Pattern Projects 0.9800

Daytrader21 Posted 16 Aug. as Analysis on AUD/USD, Target: 0.9462, Date: 1st of October, 12:00 GMT  in #Technical analysis #AUD #USD #AUD/USD #Elliott Wave #Cycles #Rectangle Pattern #Range
Aussie has been moving for the most part of this summer in a rectangle pattern(see Figure 1) which project a target of 0.9800 once we have a break and a close below the support level of 0.9200. If we measure the range between the 0.9500 round number and resistance level and 0.8200 support level we have an 300 pip range which projected to the upside gives us the 0.9800 target level.
Figure 1. Aussie Daily Chart.
Also based on Elliott Wave since beginning of last year (see Figure 2) au…
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Daytrader21 24 Aug.

Update 1: as expect we had a final spike lower towards 0.9200 support level where the market found some strong buyers and we had a rebound. We're under way to develop the last wave "C" of this correction. Before to continue pushing higher we can expect some pull back towards 0.9280 where the market should find support. Next resistance for the next week stands at 0.9370

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Daytrader21 30 Aug.

Update 2: As per my last Update we indeed push back to retest the 0.9370 intermediate support level which confirms that our projection is on the money. Now we can say that wave C is developing as momentum has started to push higher but as long as current low volatility stay in place expect a slow market.Nex intermediate resistance for next week is 0.9415

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Daytrader21 6 Sep.

Update 3: Although we took another dive towards 0.9270 the market quickly reverse confirming once again that buyers are in control of this market. Wave C can take multiple form and my expectation is for a 3 more upside legs where wave a and c of wave C would develop 3 waves of lesser degree and wave b only 1 wave making a total of 7 upside waves. So we should be able by the time we complete wave C to count 7 wave from low to 0.9800

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Seasonal Cycles in Fx Trading

Daytrader21 Posted 13 Aug.  in #Trader's blog #Volatility #EUR/USD #Cycles #Seasonality #Time Element
In this article, I'm going to talk about FX seasonality cycles and how they can improve your trading activity and why it should not be ignored. There is no mystery that the world is full of cycles and we're governed by them and the financial market are not exception of this rule. The majority of traders will either use technical analysis, fundamental analysis or a combination of both. But the seasonality cycles will bring in a new dimension in which you can analyse the market. The time eleme…
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Olympics and Stock Market Correlation. Cycle of War

Daytrader21 Posted 17 Feb.  in #Trader's blog #Russia #Stock Market #Ukraine #Cycles #Geopolitical Event #Olympics #Cold War
A professional trader will look at just about everything that can give him a statistical edge to make a profitable trade. Even myself as a believer and practitioner of market cycles I'm looking for cycles that can be found from presidential election, Inflation figures, Unemployment figures and even the Olympic Games if there is a statistical evidence that you can make a buck from it than I'll trade it.
According to a research from Bespoke Investment Group during the last 26 Olympics Game the…
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Skif avatar
Skif 17 Feb.

Не пишите о том о чем не имеете представления , это сообщение касается вашего мнения относительно событий происходящих в Украине .

jezz avatar
jezz 17 Feb.

Sometimes I feel a strong connection (actually I mean love) between you and fractals :D

Daytrader21 avatar
Daytrader21 17 Feb.

@Jezz LOL.........Actually, I'm very fascinated about fractals in general and in particular about the applicability in the Markets as well. You just give me an idea, tomorrow I'm going to update one fractal that I've posted here last year, and guess what the market followed that analog quite astonishing:)))). At that moment many didn't believed it will work. You'll have to wait until tomorrow to see about what fractal I speak about:).

jezz avatar
jezz 17 Feb.

Pascal freaks...

ruwim avatar
ruwim 7 Mar.

very interesting, thanks for your research and good luck.

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EURGBP Technical Analysis-ABC Correction

Daytrader21 Posted 18 Oct. as Analysis on EUR/GBP, Target: 0.8360, Date: 2nd of December, 12:00 GMT  in #Technical analysis #Consolidation #EUR/GBP #Elliott Wave #Correction #Cycles #Boxes #Price Pivot Zones
From beginning of the year eurgbp was stuck into 0.8815-0.8395 range zone which recently was broken to the downside. This only suggest that the up trend from the 0.7753 swing low is in correction mode. Taking this in consideration we should expect and ABC correction of the entire up trend from the 0.7753 low. History of eurgbp suggest that we should see a complex correction and we already had a zig-zag pattern forming the first wave A of our correction.
Although for now we broke bellow our 0.…
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Daytrader21 2 Nov.

Update 3: AS I said in my previous update the market will not sustain any upside momentum and the fact that we get a big sell of confirms that the rally was a fake out. Price should now consolidate between 0.8500-0,.8300. In this stage we should expect more consolidation before any decent move in either direction

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Daytrader21 8 Nov.

Update 4: We have our confirmation now that the last spike up was a false move, and although we hit yesterday our target the fact that we made a new low suggest further consolidation around this level. The magnitude of the sell of suggest the market has to take a break before any big move to take place. 0.8280 is the maximum low it can go from there I'm expecting the market to recover and to establish a range between 0.8280-0.8400

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Daytrader21 15 Nov.

Update 5: We already hit our target but based on Elliot Wave theory we should see further consolidation in wave B. In order to have our target in place for the next month deadline the 0.8300 mus thold as support level

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Daytrader21 22 Nov.

Update 6: As predicted in my last update the market has been trading in a tight consolidation zone between 0.8400 resistance level and 0.8300 support level, the only worries I have is for the market not to break earlier, but there is a possibility of developing a zig-zag pattern

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Daytrader21 29 Nov.

Update 7: The market is very close to my prediction target for eurgbp as the 0.8300 level have been a strong support and limited any downside movement. Wave B is already completed and the momentum should start to pick up again as the whole ABC correction is completed. Next phase is for a five wave sequence to the upside which may encounter some difficulties at 0.8570

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