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A blog dedicated to Elliot Wave's News & Tips plus Some Technical Analysis, Investment Review

The Hindenburg Omen — Omen-ous or Not?

Posted August 25th, 2010 at 11:08 am by aviro25
Filed under: Elliot Wave
Elliott Wave International Chief Market Analyst Steve Hochberg Sheds Light on a Feared Technical Indicator August 24, 2010 By Elliott Wave International On Aug. 12, ...
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Efficient Market Hypothesis: R.I.P.

Posted August 20th, 2010 at 10:08 am by aviro25
Filed under: Elliot Wave
August 19, 2010 By Elliott Wave International Of all the belief systems of Wall Street, few can claim the ...
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Trade View: GBP/USD & GBP/JPY for 20 July 201...

Posted July 20th, 2010 at 11:07 am by aviro25
Filed under: Forex, GBP/JPY, GBP/USD
Hi Guys, Yesterday was a significant loss. Nevermind, its a process of learning of this system. At least im not hidden for what I'm doing. So ...
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Trade View: GBP/USD for 19 July 2010

Posted July 19th, 2010 at 12:07 pm by aviro25
Filed under: GBP/USD
Based on market open today, after considering several factor, I waiting for bullish opportunity and will enter market only if the price cross Daily ...
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Archive for July, 2010

Currency Correlation

Tonight I want to share something that all of you may or may not know about this. Ever wonder why some trader assume that when gbp/usd and eur/usd are moved in the same way? Is it because is same opposite pair usd? might be.. but the true answer is .. the currencies pair have their index between each other pair. This index is called “Currency Correlation” .

A web service that called www.mataf.net that offer price close daily are also offering the currency correlation table.

How to read the correlation?

The following tables represent the correlation between the various parities of the foreign exchange market (forex).
The correlation coefficient highlights the similarity of the movements between two parities.

* If the correlation is high (above 80) and positive then the currencies move in the same way.
* If the correlation is high (above 80) and negative then the currencies move in the opposite way.
* If the correlation is low (below 60) then the currencies don’t move in the same way.

Click here to read more…

Just came back from the class

As I said before if you follow up my blog. I said that I’m still beginner in this forex area. All my trades are ended up with lost and more loosing. But after I went to the seminar last Sunday. My trade on past few days are in a good condition where I win all my trading.

What is the medicine? the answer is Elliot Wave. Right now im working so still cant explain to you the detail:D

I just paste my screenshot of current trading :D

current-position.JPG

See you later

current-trading.JPG

  
  
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