The trade was stopped. It hurry to make new low without any correction :) I believe today will be nice for shorting.

Here is the trade set-up. Enter long at 200.00 Stop at 199.75 Target 206.00

I think we have the finished 5th wave already. Now the corrective one in progress. Today was good scalping day for me. Now I am out, but I will scalp this corrective wave. See you in the next topic!

It makes new lows and don't want to make the expected correction, that means the 5th is not over yet and it looks to me like diagonal triangle 5th wave. See the chart. Lets See!

Hi guys. I am back on the board. GBPJPY needs a corrective one now IMO. Look at the chart

Hi, guys. Do not forget the daily plan. I'll not posting update charts next 2 weeks because I'm going on vacation. I'll keep my shorts for a new low with target around 180.00. The chart below is the daily plan posted before. Enjoy this drop!

Hi guys, I should say that the plan is working and the only thing we need now is to make money with managing short positions. I do some work about the development of this website at the moment and we have a FORUM section already. You can visit it at http://maxoforex.com/forum . The registration in this section is free and I hope to be a good place for discussions.

Just an update of the yesterday's anlysis. Nice profit.

I promissed to make an update when I have a clue, so I've reloaded shorts and will wait to see a break of the major trend-line. See the chart:



And just to be more comprehensive I want to share the 1h chart wave counting:

Seems like the trend line is very strong. I prefer to take my shorts and to wait for good long entry. Defenitely a new high if todays close is above yesterdays high. Lets see!

The 3rd wave down is confirmed on my chart. Now we just should enjoy the drop. Above 200 pips profit for the moment.

Just because it is too lazy these 2 days I think that the 3rd is not in progress yet. So I should counting in the 2nd wave up. I'll protect losses above previous high.

I am still expecting the 3rd wave down. It was very boring today. It should break the line on the chart below. The next update will be tomorrow.



Profitable trading!

I have no change in my expectation for the next wave. It should be 3rd wave down. Protecting loss above previous high. Lets see!




Profitable trading!

Here it is. Nice profit. It's time for the 3rd. Lets See.