by Ramki | Jun 22, 2011 | GBP
A leading bank and an active player in the FX market has gone short in GBP/USD at 1.6133 with a stop at 1.6305. Why? It is because they have spotted a head and shoulders formation! Over the years I have seen hundreds of ‘potential’ head and shoulders that trap traders...
by Ramki | Jun 21, 2011 | Oil
I would like to share with you some charts that demonstrate how to use Elliott Wave Analysis in the real world. The first chart, dated June 9, (when Crude oil was at 101.18) shows a large triangle. As you know, I have remained faithful to the bearish outlook...
by Ramki | Jun 14, 2011 | Euro
The speed and scale of Euro’s downmove from near 1.4700 has caught some traders off guard. Readers of these comments were at least forewarned of an imminent correction (although we were expecting it from 1.4730). Anyone who was trading technically would have spotted...
by Ramki | Jun 7, 2011 | Gasoline
Most traders in the commodity and energy markets watch technical levels very closely. Some say that prices follow technicals because traders watch the technical levels. Others (especially those who practice Elliott Wave Analysis) would say that when the herd mentality...
by Ramki | Jun 7, 2011 | Euro
Following the EUR/USD update of 29th May when I decided to step back and let the next move unfold, the Euro has been climbing quite steadily. Having come this far, we are now in a position to look for turning points on both sides. For example, there is a reasonbly...
