Why Emotional Discipline is Key to Success

If you are serious about trading, Elliott Wave International’s (EWI) Jeffrey Kennedy has some advice for you: learn emotional discipline. In this article from his Trader’s Classroom Collection, he shares some expensive lessons he learned during his 20+ years trading the markets. Why Emotional Discipline is Key to SuccessBy Jeffrey Kennedy, EWI To be a […]

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Elliott wave analysis of EUR/NZD for October 23 – 2014

Today’s support and resistance levels: R3: 1.6243 R2: 1.6168 R1: 161.39 Current spot: 1.6108 S1: 1.6080 S2: 1.6057 S3: 1.6045 Technical summary: The rally from 1.5903 does look impulsive and indicates that the series of waves 1/2’s is the correct scenario. That said, we still need a break above resistance at 1.6243 to confirm this […]

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Elliott wave analysis of EUR/JPY for October 23 – 2014

Today’s support and resistance levels: R3: 137.27 R2: 137.00 R1: 136.78 Current spot: 136.15 S1: 136.00 S2: 135.76 S3: 135.44 Technical summary: We are currently looking for signs to confirm whether wave B has ended early at 136.71 that a break below 135.63 and more importantly a break below 135.20 will confirm. However, if resistance […]

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Did the Fed “Save” Us Again Last Week?

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx You certainly could say that the Fed saves us again last week. Many investors believe that. Unfortunately, they also have very short memories. This excerpt from our October 2007 Elliott Wave Theorist explains why. Learn How the Wave Principle Can Improve Your Trading Related Posts:Eurozone PMIs important for the euro next week – Preview […]

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Bond Traders Stunned by “Wild and Historic Move”

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Many investors have flocked into the “safety” of bonds during the recent volatility in stocks. But are they jumping from the frying pan into the fire? Get an important insight into the bond market that is rarely if ever offered by the mainstream media. Learn How the Wave Principle Can Improve Your Trading Related […]

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Don’t Get Ruined by These 10 Popular Investment Myths (Part VII)

You may remember that after the 2008-2009 crash, many called into question traditional economic models. Why did they fail? And more importantly, will they warn us of a new approaching doomsday, should there be one? This series gives you a well-researched answer. Here is Part VII; come back soon for Part VIII. Myth #7: “Peace […]

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Elliott wave analysis of EUR/NZD for October 22 – 2014

Today’s support and resistance levels: R3: 1.6035 R2: 1.6015 R1: 1.5978 Current spot: 1.5954 S1: 1.5931 S2: 1.5906 S3: 1.5860 Technical summary: The break below support at 1.5949 has invalidated the immediate bullish count. The question now is whether a series of wave one’s and two’s is developing or we are looking at an expanded […]

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Elliott wave analysis of EUR/JPY for October 22 – 2014

Today’s support and resistance levels: R3: 137.27 R2: 137.00 R1: 136.78 Current spot: 136.15 S1: 136.00 S2: 135.76 S3: 135.44 Technical summary: We are still looking for a continuation higher towards 137.67 as long as support at 135.76 protects the downside. From the 137.67 target or upon an unexpected direct break below 135.76 the next […]

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Bond Traders Stunned by “Wild and Historic Move”

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Many investors have flocked into the “safety” of bonds during the recent volatility in stocks. But are they jumping from the frying pan into the fire? Get an important insight into the bond market that is rarely if ever offered by the mainstream media. Learn How the Wave Principle Can Improve Your Trading Related […]

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Elliott wave analysis of EUR/NZD for October 21, 2014

Today’s support and resistance levels: R3: 1.6186 R2: 1.6146 R1: 1.6082 Current spot: 1.6045 S1: 1.6025 S2: 1.6000 S3: 1.5951 Technical summary: The complex correction from 1.6446 has produced a spike lower to 1.5951, which could be that final nail in this corrections coffin that we needed, but short term a break above 1.6082 is […]

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Elliott wave analysis of EUR/JPY for October 21, 2014

Today’s support and resistance levels: R3: 137.27 R2: 137.00 R1: 136.78 Current spot: 136.63 S1: 136.47 S2: 136.23 S3: 136.00 Technical summary: Nothing has really changed here. Even the current spot is exactly the same as yesterday. We are still looking for a final rally higher to 137.67 to end wave b and set the […]

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A Few Thoughts on This 27th Anniversary of Black Monday

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx To be exact, the Black Monday anniversary was yesterday, October 19. On that day in 1987, the DJIA fell almost 23%. It became known as Black Monday. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis of Weekly Price Movement of USD/CHF Main… August 14, 2023 From what we can see […]

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Elliott wave analysis of EUR/NZD for October 20, 2014

Today’s support and resistance levels: R3: 1.6243 R2: 1.6186 R1: 1.6146 Current Spot: 1.6057 S1: 1.6025 S2: 1.6000 S3: 1.5970 Technical summary: This correction grows more and more complex by the day, but it does begin to look like a triangle, which could be a good explanation, why this correction has become a complex as […]

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Elliott wave analysis of EUR/JPY for October 20, 2014

Today’s support and resistance levels: R3: 137.27 R2: 137.00 R1: 136.78 Current spot: 136.63 S1: 136.47 S2: 136.23 S3: 136.00 Technical summary: Wave a of Y ended a little early and we are correctly in wave b of Y, which could move higher to 137.67 before wave c lower takes over for a decline towards […]

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Are You Prepared for a Rare Economic Deflation?

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx In 2002, Conquer the Crash was virtually alone in warning about deflation. Now, European government officials acknowledge that the Continent faces deflation. More than that, the financial press is now raising concern about the prospects of a U.S. deflation. Are you prepared? Learn How the Wave Principle Can Improve Your Trading Related Posts:GBP/USD: UK […]

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Bear Markets Move Fast: Read This Free Report

Anyone who has been watching the market for the past few years knows that Wall Street wanted the stock market to get back to where it was. You know, to the optimism and price levels in the time before the 2008-2009 financial crisis. And Wall Street did get its way in the Dow Industrials more […]

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Bull Market Icons Face Intense Scrutiny

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx When a bull market ends, the people and institutions who were the “face” of the uptrend will face harsh scrutiny. The Great Depression led to the Glass-Steagall Banking Act of 1933. “This is a bigger peak, so the politicians will extract more than just their average pound of flesh…” Learn How the Wave Principle […]

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Stocks: When “Fundamentals” Aren’t Enough, Try THIS

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Have you noticed the subtle change in the mainstream financial analysis this week? On Monday, Reuters ran this story… Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – China cuts rates but stocks mixed, strong… August 15, 2023 China unexpectedly cuts key lending rate as weak data keeps…Market Comment – […]

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Don’t Get Ruined by These 10 Popular Investment Myths (Part VI)

You may remember that after the 2008-2009 crash, many called into question traditional economic models. Why did they fail? And more importantly, will they warn us of a new approaching doomsday, should there be one? This series gives you a well-researched answer. Here is Part VI; come back soon for Part VII. Myth #6: “Wars […]

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Elliott wave analysis of EUR/NZD for October 14 – 2014

Today’s support and resistance levels: R3: 1.6219 R2: 1.6166 R1: 1.6140 Current spot: 1.6108 S1: 1.6085 S2: 1.6055 S3: 1.6000 Technical summary: We are still locked in a narrow range between 1.6055 – 1.6219, but we do expect support at 1.6055 to be able to protect the downside for a break above resistance at 1.6219 […]

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Elliott wave analysis of EUR/JPY for October 14 – 2014

Today’s support and resistance levels: R3: 135.65 R2: 135.54 R1: 135.35 Current spot: 135.27 S1: 135.09 S2: 134.84 S3: 134.54 Technical summary: We saw the expected correction towards the ideal corrective target at 136.52 (the top came in at 136.54 just 2 small pips above the ideal corrective target). The following decline is clearly impulsive […]

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Elliott wave analysis of EUR/NZD for October 13 – 2014

Today’s support and resistance levels: R3: 1.6219 R2: 1.6166 R1: 1.6140 Current spot: 1.6113 S1: 1.6085 S2: 1.6055 S2: 1.6000 Technical summary: We are still looking for possible upside acceleration soon, but we need for support at 1.6055 to protect the downside for a break above minor resistance at 1.6219 and more importantly a break […]

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Elliott wave analysis of EUR/JPY for October 13 – 2014

Today’s support and resistance levels: R3: 136.69 R2: 136.52 R1: 136.33 Current spot: 135.94 S1: 135.87 S2: 135.74 S1: 135.54 Technical summary: The break below important support 135.80 told us, that the rally to 141.22 was an X-wave and that a new zig-zag correction is unfolding, with the first major downside target being the 23.6% […]

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Stocks: The ONE Question Few People Are Asking

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/FFS3nonav.aspx Most investors read news stories looking for a rational REASON why the markets are doing what they’re doing. But almost no one talks about the one IRRATIONAL influence that does more to drive the trend than all “fundamentals” combined: fear. Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD: dollar reflects resilience […]

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Elliott wave analysis of EUR/NZD for October 10 – 2014

Today’s support and resistance levels: R3: 1.6269 R2: 1.6248 R3: 1.6219 Current spot: 1.6195 S1: 1.6169 S2: 1.6150 S3: 1.6128 Technical summary: Support near 1.5978 was never within striking distance and the rally of the 1.6031 low does look impulsive in nature. We would like to see resistance at 1.6269 broken as confirmation, that a […]

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Elliott wave analysis of EUR/JPY for October 10 – 2014

Today’s support and resistance levels: R3: 137.07 R2: 136.84 R1: 136.64 Current spot: 136.64 S1: 136. 56 S2: 136.33 S3: 135.80 Technical summary: What a nasty wipe-saw we have seen. For now we will keep the red wave i/ii count, but the rally to 141.22 could as easily be an X-wave calling for another zig-zag […]

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A Portrait in Oil: Prices, Patterns and Prediction

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/FFS3nonav.aspx Two charts of crude oil’s price history send one unmistakable message that investors need to know. Read what the 2014 edition of Conquer the Crash has to say about oil’s price pattern. Learn How the Wave Principle Can Improve Your Trading Related Posts:JPMorgan Chase forecasts gold prices at record highs July 31, 2023 Based […]

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Elliott wave analysis of EUR/NZD for October 9 – 2014

Today’s support and resistance levels: R3: 1.6132 R2: 1.6107 R1: 1.6086 Current spot: 1.6045 S1: 1.6032 S2: 1.6000 S3: 1.5977 Technical summary: Our call for another decline to support at 1.5978 has proved correct. The question now is whether support at 1.5978 will be able to protect the downside for a new rally or this […]

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Elliott wave analysis of EUR/JPY for October 9 – 2014

Today’s support and resistance levels: R3: 138.04 R2: 137.86 R1: 137.62 Current spot: 137.40 S1: 137.28 S2: 137.11 S3: 136.90 Technical summary: The triple zig-zag combination in red wave ii likely ended at 136.55 (just 20 pips above our target area). We will not be looking for a break above 137.86 as confirmation that the […]

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The Nervous Rich Are Buying Wine and Diamonds. Should You?

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The one scenario most buyers of collectibles never count on is “credit crunch” or “liquidity crisis” — like the one we saw in 2008. In that situation, the immediate need is for… Learn How the Wave Principle Can Improve Your Trading Related Posts:GBP/USD trading plan for European session on August 9, 2023.… August 9, […]

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