GOLD FIB TIME TESTING

 Daily

4hours

Research and testing fibnocci time series. if there are any tips you can offer on how you use this please comment

Robert fisher say's "In case where the price goal is reached before the time goal and also there are instances where the goal is reached before the price goal. overall all he says there is no way to determine, in advance whether price or time targets are more important for a price moves and other fibonacci tools will need to be applyied...

I guess  if price  moves past particular time line it should stay in the trend untill the next time line

Any tips or suggestions

usdjpy finally paid off

 

 

 

 

Last Post

 

 

 

 

 

 

 

 

 

 

Eurusd elwave took off early

Eurusd moon cycle end in 4th Wave 24/08/2012 between 0.800 and 16.00 hrs

Above is the 4hr Time frame as we mix and match skills and adapt to market conditions

comments from Forexpros - The euro firmed against the dollar on Wednesday after a new media report surfaced stating the European Central Bank is drafting technical plans to buy sovereign bonds issued by debt-ridden periphery countries to lower borrowing costs there and ease the debt crisis.

In Asian trading on Wednesday, EUR/USD was trading up 0.01% at 1.2473, up from a low of 1.2471 and off from a high of 1.2477.

The pair was likely to find support at 1.2347, the low from Aug. 21, and resistance at 1.2488, the high from Aug. 21.

Der Spiegel reported over the weekend that the European Central Bank may decide to cap yields in eurozone sovereign debt markets at its September policy meeting.

The ECB would carry out such a policy via buying sovereign bonds in the open market, though bank officials branded the news report as misleading, which sent the euro falling earlier this week.

However, The Daily Telegraph later said the report was true, which sent the dollar falling and the euro shooting up as high as 1% in U.S. trading earlier.

Renewed talk of ECB action sent Spanish borrowing costs falling at an auction of short-term government debt earlier, with Madrid successfully auctioning EUR4.5 billion of bills, the top end of the target range.

Elsewhere, Luxemburg’s Prime Minister Jean-Claude Juncker, also head of a group of eurozone finance ministers, was set to meet with Greek Prime Minister Antonis Samaras later Wednesday to discuss a two-year extension Greece's reform programs.

German Chancellor Angela Merkel is scheduled to meet with French President Francois Hollande on Thursday to discuss ways to firewall and extinguish the crisis, while Samaras will meet both leaders later in the week, fueling hopes E.U. policymakers will work to keep Greece in the eurozone.

Audjpy daily and 4hrs Outlook

AUdjpy

fx streets said
FXstreet.com (San Francisco) - Intraday price action for AUD/JPY again encountered selling interest around key Fibonacci resistance at 83.20 on Monday (61.8%, 88.64/74.48), which limited earlier rallies to 83.26 before pullback to close the North American session at 82.97. 

The mentioned price action resulted in the formation of an inside day bar, a pattern of significance after last Friday’s sharp drop, suggesting the market has entered a period of consolidation before a potential downside extension in the sessions ahead. 

The 21-day EMA at 82.50 seems to be supporting the downside. Further support is noted at 82.38 (5 July high), then 82.00 (200 EMA, 4hr). Upside rallies may find more offers at the 84.00 psychological figure. AUD/JPY is quoted at 82.95 in early Asia.

http://www.fxstreet.com/news/forex-news/article.aspx?storyid=9c6d74c5-a719-4761-b80d-b72e3f3560fc

We have a bullish count Targeting 1 84.20 Target 2 87.46 exit zone 82.17 /81.496

but it seems price is rounding off need more clarification


audjpy updated
Therefore the clever combatant imposes his will on the enemy, but does not allow the enemy's will to be imposed on him. 

50/50

EURjpy Tracking count and Harmonics

Check Out last weeks http://timelessfx.blogspot.co.uk/2012/08/eurjpy-daily.html

HEAVEN signifies night and day, cold and heat, times and seasons.

EARTH comprises distances, great and small; danger and security; open ground and narrow passes; the chances of life and death.

The COMMANDER stands for the virtues of wisdom, sincerity, benevolence, courage and strictness.

By METHOD AND DISCIPLINE are to be understood the marshaling of the army in its proper subdivisions, the graduations of rank among the officers, the maintenance of roads by which supplies may reach the army, and the control of military expenditure.

 Sightly adjusted from Last week

 Possible if price barrier weekly pivot is broken 97.45

Also see http://www.fxtimes.com/technical-updates/eurjpy-anchoring-away-from-a-double-top-pulls-back/

USdjPY Tracking from last week it Hit B Target =79.60

1. Laying Plans

4

These are: (1) The Moral Law; (2) Heaven; (3) Earth; (4) The Commander; (5) Method and discipline.

It appears from what follows that Sun Tzu means by "Moral Law" a principle of harmony, not unlike the Tao of Lao Tzu in its moral aspect. One might be tempted to render it by "morale," were it not considered as an attribute of the ruler in ss. 13.

http://timelessfx.blogspot.co.uk/2012/08/usdjpy-daily-elwave-count.html

Last week link

Last week Japan’s gross domestic product disappointed with a lower than predicted rise of 0.3% in the second quarter half the growth rate predicted by analysts. On a yearly base, GDP added 1.4% while predicted a 2.5% leap indicating the effect of government subsidies is starting to wear off and additional monetary stimulus is in order.  Let’s see what unfolds this week.

Updates: Trade Balance will be released on Tuesday. The markets are expecting a wider deficit for the August reading. The yen has edged upwards to start the trading week. USD/JPY was trading at 79.53.

20/8/2012 USdjpy

Now we should start to decline so i'm positioning for shorts as soon as  the 4 hr Anchor sets up and begins to turn bearish and set up on the hourly for a short.

Harmonic View Point

A little advance on the hrly then a decline

1. All Industries Activity: Tuesday, 4:30.Japan’s all industry activity declined 0.3% in May more than the 0.2% drop predicted by analysts, following 0.1% gain in the previous month. This decline occurred despite a surge in construction activity since May however industrial activity and service sector activity shrank by 3.4%. On a yearly basis, all industry activity growth slowed to 3.2% from 4.1% in April. A 0.3% rose is expected now.
2. Trade Balance: Tuesday, 23:50. Seasonally adjusted merchandise trade deficit shrank to Y300.8 billion in June after Y620 billion in May, better than the Y390 billion predicted by analysts. Exports contracted 1.4% and imports declined 6.5%. On a yearly base Japan posted a trade surplus of ¥61.654 billion in June compared to a year ago. Government officials claim the global economic slowdown has expanded including China the world’s second biggest economy contracting 7.6% in the second quarter. Trade deficit is expected to widen in July to Y460 billion.
3. CSPI : Thursday, 23:50 Corporate service price Index dropped 0.3% in June from a year ago worse than the flat reading predicted by analysts and following 0.1% increase in May. On a monthly basis, prices shrank 0.1% after a 0.4% decline in the previous month continuing the deflation trend. A smaller decline of 0.2% is anticipated.
4. Masaaki Shirakawa speaks: Friday, 7:45.  The Governor of the Bank of Japan is scheduled to speak at a meeting with business leaders in Osaka, where he might reveal clues concerning the possibility of adding further monetary stimulus to the Japanese market, as the pace of recovery slow.

http://www.forexcrunch.com/usdjpy-outlook-august-20-24/comment-page-1/#comment-107868


Been trackinmg this 1 for about a week and finally paid off

 

Audusd Wkly Sun TZu 1. Laying Plans

1. Laying Plans

The art of war, then, is governed by five constant factors, to be taken into account in one's deliberations, when seeking to determine the conditions obtaining in the field.

news

The aussie was trading in a narrow range through most of the week, but dropped over one cent following a strong consumer sentiment release in the US.

Updates: The RBA Monetary Policy Meeting Minutes will be released on Tuesday. AUD/USD is steady, as the pair is trading at 1.0454.

Elwave count 

more news

1. RBA Monetary Policy Meeting Minutes: Tuesday, 1:30. Analysts will comb through the minutes of the RBA’s most recent Policy Meeting, looking for clues about future monetary policy, especially as to interest rates. A report which is more hawkish than forecast is bullish for the aussie.
2. MI Leading Index: Wednesday, 12:30. This important composite index jumped 0.8% in August, its best performance since October 2011. The markets will be hoping for a similar strong reading in August.
3. Chinese Flash Manufacturing PMI: Thursday, 2:30. Manufacturing PMI rose in July to 49.5 points, but the index has not been above the 50 point level since last October, indicating ongoing contraction in the Chinese manufacturing sector. Traders should pay close attention to this PMI, as China is Australia’s number one trading partner.
4. RBA Governor Guy Glenn Speaks: Thursday, 23:30. The markets will be looking for some clues as to future monetary policy when Governor Glenn testifies before an Australian Senate Committee.
5. CB Leading Index: Friday, 00:00. This composite index bounced back nicely in July, gaining 0.4%. The markets will be hoping for another gain in the August reading.

 AUSusd We FORECASTER A BOUNCE AT AROUND 1.0384 zone  Bounce 4th wave last week. with the anticipation of a 5th wave push up. However i think it might be to early for this move. Even tho we have a gap up and Three marching solders formation in candle sticks. A drop is still possible looking from a harmonic point of view and the 4hr wave push down could go all the way down to 1.0298 and  hold proceed into wave 5. at the moment the trend is up but just not sure if the volume will be able to gather enough momentum to take it another leg yet. as the Anchor is bearish on the 4hrs and bullish on the daily so in effect we are still correctively bullish until certain price structures are taken out  or confirmed., however it seems there are a few opportunities to go long and short.

The hrly Time frame  may honour the 3 marching solders but it depends on what forces they may run into in the next few days at the moment stand aside as momentum declines and lets wait for a clear opportunity. a head of the news events to night.


Check Out


http://www.fxtimes.com/technical-updates/audusd-cracking-key-pivot-after-false-break-above-trendline/