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Wave Characteristics

Wave-4 Characteristics
????????Often the most difficult wave to trade
????????Trend is still up
????????Extended range trading possible, and irregulars very common
????????Seen as buying opportunity.
????????Forms first support in head and shoulders neckline
????????Preferably, trend line drawn from start of wave bottom of wave-2 is not breached
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Wave Characteristics

Wave-3 and Behavioral Finance
????????Sentiment should be at highest level during this move
????????Forecasts should show revisions to extend earlier expectations
????????Recognition that this is a bull market is likely
????????While should be easy to get in, some will want to wait for a pull back to get a bargain, and they will miss the boat
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WaveCharacteristics

Wave Characteristics.
[Wave 2]
Correction of first leg of bull move.
Fundamentals still mostly negative.
Drop seen as resumption of bear trend.
But, volume weaker on drop.
In futures, open interest falls.
Most sentiment surveys still bearish.
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Wave Characteristics

Wave Characteristics
Wave-1 (I am writing this from the perspective of a bullish first wave. It can also be bearish, just reverse bull for bear and bear for bull in all sentences)
• Start of bull move
• Almost everybody still bearish
• Rally seen as selling opportunity
• Volume may not be very high, but usually there is a small increase in volume and improved market breadth.
• About half of first waves have very deep retracements.
• Fundamental news probably still bad
• In futures, open interest…
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Putting the Wave Principle To Work

Putting the Wave Principle To Work
1. Do I see a wave pattern I recognize?
2. What evidence supports my assessment?
3. What is the most likely course prices will travel?
4. What is the best alternate labeling?
5. Where am I wrong?
6. Does the analysis warrant taking a position?
7. Where do I enter a position?
8. Where do I place a protective stop?
9. Where do I take profits?
10.How will I manage the position once it is open?
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7 11 2017

NZD(+1,05) > CAD(+0,73) > XAU(+0,03) > USD > AUD(-0,28) > GBP(-0,48) > EUR(-0,58) > CHF(-0,59) > JPY(-0,98) [1 WEEK]
XAU(0,24) > USD > GBP(-0,24) > JPY(-0,43) > NZD(-0,6) > CAD(-0,75) > EUR(-1,41) > CHF(-1,5) > AUD(-1,88) [2 WEEKS]
GBP[0,67) > XAU(0,11) > USD > EUR(-1,3) > JPY(-1,35) > AUD(-1,44) > CAD(-1,6) > CHF(-2,28) > NZD(-2,4) [1 MONTH]
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6 11 17

GBPCHF weekly chart.... It's end of 4th primary wave.
It's boundary up channel trendline, at 4th wave of lesser degree wave.
good time to sell !!!!!!
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3 11 2017

XAU(+0,03) > USD > EUR(-0,85) > JPY(-0,97) > AUD(-1,7) > GBP(-2) > CAD(-2,42) > CHF(-2,75) > NZD(-3,54) (1 Month)
USD > XAU(-1,01) > GBP(-1,16) > NZD(-1,36) > JPY(-1,46) >EUR(-1,73) > AUD(-2,61) > CHF(-2,62) > CAD(-2,76) ( 2 Week)
NZD(1,38) > XAU(0,61) > CAD(0,49) > AUD(0,48) > JPY(0,16) > EUR(0,15) > USD > CHF(-0,01) > GBP(-0,18) (1 week)
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Relative Strength Currencies.

1 Week: NZD(+0,45) > GBP(+0,38) > AUD(+0,04) > USD > XAU(-0,16%) > CAD(-0,31%) > CHF(-0,98%) > EUR(-1,53%)
2 Weeks: GBP(+0,36) > USD > XAU(-0,18) > JPY(-0,97) > EUR(-1,45%) > CHF(-2,01) > AUD(-2,05) > CAD(-2,97) > NZD(-3,31)
1 Month: XAU(+0,09) > USD > GBP(-0,86) > JPY(-0,91) > AUD(-1,6) > CAD(-2,67) > CHF(-2,87) > NZD(-4,07)
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02/12/17 Firt time join trader contest

Next week, i will buy EURUSD.
i think EURUSD is working in consolidate zone, it's end at 17160 on 27/10
EURUSD
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