by Ramki | Jul 13, 2011 | Euro
As they so often remind us, timing the trade is the secret of success. Trouble is, we will know what is the perfect time only afterwards. So we are left with the problem of having to guess what is the best time to pull the trigger. If we get in too soon, our stops...
by Ramki | Jul 13, 2011 | Euro
This is a quick one on the Euro. We are in a corrcetion and think one more downmove should materialize, perhaps from 1.4090. (Max 1.4135)
by Ramki | Jul 13, 2011 | Gold
Can we do an Elliott Wave analysis of Gold expressed in Euros? Sure. Maybe it will give us some clarity about the GOLD/USD picture ( or perhaps it will confuse us some more!) Elliott wave analysis of GOLD/EUR or the price of Gold expressed in Euros suggests that we...
by Ramki | Jul 13, 2011 | Gold
Many people are calling to ask whether we should sell gold now because it has reached the target. The answer is a firm NO. Remember wave counts can change. The momentum is too strong here. So back off and wait. We got the rally as anticipated. But dont get bearish...
by Ramki | Jul 13, 2011 | Euro
The value of going back to the bigger picture is illustrated by yesterday’s moves. We were focusing on the 1 minute chart trying to capture a decline to 1.4050, and missed out the bigger poetntial to the upside because of the completion of an extended 5th wave from...
