Forex Daily Podcast

Informações:

Sinopsis

Our daily Forex podcast provides a roundup of the currencies and insight into the future. We discuss specific currencies as well as trading tactics and techniques to make your trades more successful. Brought to you by ElliottExchange at www.elliottexchange.com.

Episodios

  • Forex Daily Podcast - Wednesday, December 21, 2005

    21/12/2005 Duración: 04min

    Our EUR trade got stopped out yesterday for a 20 pip loss. The EUR should be finished correcting and start trending down once again targeting the 1.1600 level and below. Short term it should correct yesterday's run down before moving lower. The EUR currently trades at 1.1867. The GBP moved exactly as we thought yesterday. Those of you who entered a trade up, should have been able to get 50 pips in a reasonably short amount of time. Hopefully, some of you turned around and sold the GBP. Currently either the correction is complete at 1.7590 or we are in wave b of a flat and the currency should run down to the 1.7523 level or slightly below before it's decision time. At this point the currency will either continue running lower or move impulsively up in wave c of a larger flat. If it moves up, look to trade down with a stop just above 1.7680. Let the trade get as close to this stop as possible. The GBP currently trades at 1.7569 The CHF should continue to run up. It may be in a correction for a bit as

  • Forex Daily Podcast - Tuesday, December 20, 2005

    20/12/2005 Duración: 04min

    We've provided a potential 1100+ pips of profit since November. Donations are accepted at forex.podomatic.com. We still favor a move up on the EUR to 1.2100 level. Look for a pull-back to 1.1972 or below to enter. Stop at 1952, limit at 2072 giving a 1:5 risk:reward ratio. The EUR currently trades at 1.1989. Jury is still out on the GBP, we'd like to see it run up to match the EUR, but not sure it will. We think we are in wave c of an extended flat which would bring us up to 1.7650-1.7660 level. If this wave pulls back to below 1.7590 before running up much higher, aggressive traders may want to enter up with a stop below 1.7565. A chart is available on the web site. The GBP currently trades at 1.7607. The CHF looks like it wants to run down a little here. It currently trades at 1.2937. The JPY ran up to the 116.83 level so far and should have at least one more push higher. Once complete, we should be able to trade this down for wave 5. We added a chart to our web site to show our thoughts. T

  • Forex Daily Podcast - Monday, December 19, 2005

    18/12/2005 Duración: 03min

    We continue to favor a move up on the EUR to near the 1.2100 level. Once the run up is complete, it should turn down. The EUR ended the week at 1.2011. The GBP also should trade up to the 1.7800 level or slightly above. The GBP ended the week at 1.7720. The CHF ended the week at 1.2898. We hope to get a good count on this for tomorrow. We are having a debate interally here if we are currently in a correction (ie moving up) or have finished the correction and are moving down on the USD/JPY. If we rise above 115.70 before going much lower we think we are correcting immediately to the 117-119 level. Otherwise, we are running down to the 114 or a bit lower levelbefore entering into the correction up. The CAD has been correcting upwards and currently trades at 1.1591. We expect this correction to continue a bit further.

  • Forex Daily Podcast - Friday, December 16, 2005

    16/12/2005 Duración: 02min

    Over the past month and 1/2 we've been able to count more than 1100 pips that you could have caught based on our podcasts. That's 1100 pips. Because we think we've proved our value to this community we've started accepting donations. If our podcasts have helped you make successful trades we ask that you consider giving some back. We want you to win, and we think it's ok to share in your success if we've contributed to it. Likewise, if we haven't contributed to your success please don't feel obligated. We only want to win when you win. There is a PayPal Donation button on the top right part of the page at forex.podomatic.com. We think the EUR and GBP have a bit more to rise, hopefully they become our trade favorites for next week. The EUR has been trading sideways for the past day and currently trades at 1.1982. We are still favoring a slight move up on the EUR. The GBP has been running sideways for the past day and is currently at 1.7687. The CHF has also been moving mostly sideways and trades at

  • Forex Daily Podcast, Thursday December 15, 2005

    15/12/2005 Duración: 02min

    The EUR got back to 1.1977 as we thought yesterday, but hasn't done much since. We expect it to rise at least a bit more here, hopefully the patterns will become clearer in the next few days. We are on the sidelines for now. The EUR trades at 1.2013. The GBP has been running sideways for the past day and is currently at 1.7730. The CHF has also been moving sideways, so much so that when I saw the chart this morning I thought one of my kids was scribbling on it. We still expect it to run lower. It trades at 1.2831. The JPY rose right to our minimum level for a retracement yesterday before running down. It rose just above the 236 FIB line before continuing to run down. We hope some of you got into a trade at these levels. We've posted an alternative count on the web site today. We think that we've seen a complete wave 3 and we have one more correction before the final fall. We are likely in a small flat or extended flat here meaning the JPY should fall to the 1.1583 low or slightly lower before mov

  • Forex Daily Podcast, Monday, December 12, 2005

    12/12/2005 Duración: 02min

    We are still waiting for a breakout for the EUR, but the CHF and GBP are agrueing for a weaker dollar in the short term. The EUR currently trades at 1.1840. We are still looking for the GBP to rise a bit although it becoming short term overbought. The GBP currently trades at 1.7610. The JPY should rise to the 121.05 or a bit more on Sunday before beginning it's next move down. In any case, it should not rise much above 121.50. See the Elliott Exchange web site for a diagram of our expected move. The JPY currently trades at 120.80. The CHF moved lower as expected and currently trades at 1.2988. The mid-term trend on the CAD is definitely down. Although it retraced to the 236 FIB level which is sufficient price to call this correction complete, it was short in terms of time. Therefore, we think the CAD should fall lower Sunday into early monday, before rising impulsively to finish the correction. We are targeting the 1.1700 or slightly above level. The best trade here may be to wait for this impuls

  • Forex Daily Podcast, Thursday, December 8, 2005

    08/12/2005 Duración: 01min

    Still waiting for a breakout for the EUR, but the CHF and GBP are agrueing for a weaker dollar in the short term. The best count we currently have on the GBP is targeting 1.7500-1.7800 over the next 1 1/2 - 7 days. The JPY should rise to the 120.60-120.80 level before selling off targeting 119.80 and below. It still should not rise above 121.50. The CHF should get a bit of a relief rally here before continuing lower. The CHF currently trades at 1.3100. The CAD should fall to the 1.1555 to 1.1500 levels. Look for an up trade at these levels targeting the 1.1750 area.

  • Forex Daily Podcast - Tuesday, November 29, 2005

    29/11/2005 Duración: 03min

    The EUR shot up to 1.1902 yesterday. If the EUR is still correcting upward then expect it to fall to the 1.1760 level at least before beginning another move up. If the EUR's correction is complete, then it should not rise above yesterdays high. Look for some sideways trading today. If the EUR rises immediately this morning to about 1.1866 level or above, then it will probably drop 50 to 100 pips. The EUR currently trades at 1.1814. Like we mentioned yesterday, long wicks typically indicated the start and finish of big runs on the GBP. The wick we mentioned yesterday was the start of the trade on the GBP and a long wick was the finish at 1.7341. Look for some sideways trading today. The GBP currently trades at 1.7249. The CHF joined in on the party yesterday. As we wait for the pattern to become clearer, we have a tip similar to the EUR. If the CHF drops immediately this morning to about the 1.3033 level or below, then it should rise 50 to 100 pips. Be patient and wait for extremes. Our computer mo

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