Eur/Usd Update

The move down from the high yesterday made a perfect 1:1 Fibonacci ratio and supported on a trendline. A low risk entry was taken. Low risk means I know I'm wrong immediately and risk little with the gain being large!

ES Futures Update

The Es's are still consolidating in the revised channel. Maintaining it is bullish! Update!!!!!

Channel is now broken due to news about a quake in Japan, Tightening stops is tantamoun!

Silver 04062011 ** Update **

Silver Update.. perfect right on scedule.. Hope you all profited greatly!  Our subscribers should have also nailed the moves in Gold, Crude, ES, and FX markets..

Nothing ever ceases to amaze me..

Best wishes!
Tony

ES Futures

The es's are still climbing but appear to be consolidating in a 4th wave so there should still be one more stab upward and at that point a larger degree 3rd wave that started on 8/27/10 could be nearing completion, and from there we should expect retracement and rangebound activity for some time. Lets hold on and see what happens. Long trades should be protected by the lower border of the channel.

Silver Update

Attached are updated Silver Charts following up to the weekly outlook posted this past Sunday..

The charts speak 1,000 words so I'll let them do the talking..

--Tony

Euro Triggers!

Here is the recap of todays live trading! These are the triggers used and when to start implementing exit strategies. My simple exit strategy is to wait for a lower high then exit but not give it to much room to eat away profits if it continues to the downside. Only indicators I ever use are a 20 period triangular MA (Blue) and a 20 period dynamic exponential MA which are the green balls. Don't know why I use them but it helps describe the strategy, "they look really cool too"! Series of higher highs and lows till change occurs. Only use tick charts to scalp like this. Even these are lagging indicators but since the ticks are fast its useful. Any other indicators are a waste of time, and profits!

ES Futures

The ES's has now broken the previously posted channel by time which is typical consolidation! Here is the revised channel for the market to meander too!

Eur/Usd Semi log Scaling!

To add to the previous post, Semi Log scaling on the chart! Hmmm, thinking of going short after confirmation! :)

Euro update

Just a smidge off on timing! But the Eur/Usd could be at a tradeable top. A secondary lower high would confirm the action!

Mark

Silver Outlook for the Week

Attached is the silver outlook for week..

--Tony

Silver continues to exhibit bullish price behavior and I anticipate the bullish behavior to continue into the end of this coming week 4/7-4/8/2011.  As shown on the daily bar chart below, the mechanics indicate that we are in 5 fifth wave of a larger degree bullish trend.  Upside ideal price targets based on daily bars reside at $38.18/oz or a re-test of the recent swing high followed by $39.40/oz.  Support is at $36.64 as shown below.  The resultant vector is expected to be (5):(4)::(3):(4) = 0.333 LA or in the ratio of the Major 4^th.  The underlying trend on the hourly bars is that of consolidation exhibiting typical 4^th wave Elliot Wave characteristics.  Silver is expected to resolve the consolidation period to the upside.  Hourly ideal upside price targets reside at $38.11/oz followed by $38.64/oz.  Based on hourly bars, noteworthy times to watch are April 4^th 6:00PM, April 5^th NOON, April 6^th NOON GMT.  Support on Hourly bars is at $37.10/oz.  The current dominant hourly vector realtion is (C):3::4:CURRENT = 1.333 FA which is a harmonious relation and as such I expect a reaction (e.g. look for selling pressure on the open) after which a long opportunity may present itself.