Fran's GAZETY

[francisrama]

Feb 17 - Missed and plans

- Missed EU and GU moves past week (was on a long WE from Wed on...)
- Follow closely EU, UCAD and UCHF which should have good moves "soon"
---> SHORT EU
---> LONG UCAD
---> LONG UCHF

Charts below

EU.png

UCAD.png

UCHF.png

KR

[wiseambitions]

I would tend to agree, but on USDCAD there's a lot of downward momentum looking at h4 for 7 days which needs to "wear" out, so perhaps it will level out for 12 or 24 hours or more before an upward push comes.

[francisrama]

I would tend to agree, but on USDCAD there's a lot of downward momentum looking at h4 for 7 days which needs to "wear" out, so perhaps it will level out for 12 or 24 hours or more before an upward push comes.

UCAD and UCHF are in pretty similar situations = divergence on HISTOGRAM, and no divergence yet on MACD...So need to wait, but it should be "soon"...Who knows what does "soon" mean ...Just wait, patience...

KR

[francisrama]

Feb 19, SHORT EU

- Finally EU seems to be willing to go SOUTH
---> SHORT EU

H4 and M15 charts below

Capture d’écran 2014-02-19 à 10.51.33.png

Capture d’écran 2014-02-19 à 10.52.03.png

- Similarly UCHF seems to be turning NORTH. I don't take it (correlation with EU)

H4 chart below

Capture d’écran 2014-02-19 à 12.01.27.png

KR

[francisrama]

Feb 19, LONG UCAD

- UCAD finally seems willing to move NORTH
---> LONG UCAD ---> H4 and M15 charts below

Capture d’écran 2014-02-19 à 13.37.47.png

Capture d’écran 2014-02-19 à 13.38.04.png

Comments
- Finding out the "right" counts is more and more OK
- Still difficult is to find when the end of a specific wave occurs
- So sometimes price keeps moving in the "wrong" direction, ending up with a minimal rent (thx AIMS!!!)
- BUT when you are right, reward can be quite big

KR

[francisrama]

Feb 19, FOMC announcement @8PM CET

- I decided to exit my 2 trades
- EU did not go that far, almost break even
- UCAD went quite well with > 100 pips (chart below)

Capture d’écran 2014-02-19 à 18.28.26.png

---> Still waiting for EU going south
await UCAD retracement into wave 2, then jump into wave 3 (hopefully)
UJ and EJ are both waiting for wave 3 as well
same for UCHF
...so lots of opportunity to come ...

KR

[francisrama]

Feb 20, SHORT EU (once more ...)

- FMOC announcements good for USD ---> decided to short EU, since EW counts still stand true (hopefully)

H4 and M15 charts below

Capture d’écran 2014-02-20 à 09.08.47.png

Capture d’écran 2014-02-20 à 09.09.21.png

KR

[francisrama]

Feb 20, LONG UJ

- UJ at end of wave 2 (RED) of wave C (TURQUOISE) ---> will be in wave 3 then!
---> LONG UJ
H4 and M15 charts below

H4.png

M15.png

- GU is the next pair I'm looking after...Chart below

Capture d’écran 2014-02-20 à 17.36.40.png

KR

[Michal]

I love your analysis Fran but i never know where to start counting this is something i'd like to learn as i think have it on your side it's not a crime! great job Fran

[Michal]

Also would be nice if you'd share with us your results or at least showed where you entered and where closed for the purpose of a training for people like me