eWaves and NFP - Magic Happens with eWaves

Hi

You know we have an extra indicator based on #AIMS Wave and the concept of #ElliottWave. We have an eBook, available to our Premium Members called 10 Seconds to Elliott Wave. #10sElliottWave. This
concept has changed our trading forever and its something we cherish the most. It makes our job a lot easier.

Steve of www.For-Exe.com went on and created an indicator which we call Snorms eWave. That as you may know, has cut our work further down. So now we call it 1 Second to Elliott Wave. As all you have to do is have a glance at the eWave histogram and you'd know which wave you're looking at and what to expect next. Steve made a lovely post the other day, prior to #NFP and I only wish I had looked at it in time, so that I could have added it to my previous post. But hey, its never too late. Please following this link and have a look http://www.for-exe.com/2/post/2013/10/ewaves-and-nfp.html

ps: Steve is kindly giving 25% discount to #AIMSPremium Members... go get em buddies!

eWaves still amazes me on a daily basis... simply fantastic "leading" indicator. 

#AIMSForum #Forex #Trading #Snorm #AIMS #eWave #eWaves #ElliottWave

Post NFP Update to Previous Post

...Further to my previous post last night, the market responded exactly as we expected. We thought #NFP should bring in a lot of interest and thus bring what we call "Volatility". Inside our trading forum community, namely #AIMS Stress Free Trading Community, we call these events "Chaos Influx Points". Everyone gets a chance to express their "opinions" on the markets. And when that happens, there is price action.

In short, we were able to grab this lovely Trade using our #EUR/USD Strategy  A simple trade after all. All you had to do was simply wait for the Setup 1 to appear after NFP was released and get in, then simply follow aims levels until it goes into the "Target Zone".  To learn about Target Zones, how we manage to "predict" our exit points and "#Chaos Influx Points" simply login to the forum and READ!

Fantastic S1 Post NFP 

More on this inside our Forum.

Here is the picture... 

The delayed non-farm payroll report to be released tomorrow 22 Oct 2013

The delayed non-farm payroll report is to be released tomorrow. With the US Federal Govt now open some of the data that was supposed to be released earlier is due this week. One such data is the non-farm employment change and another is unemployment rate.  

What it measures is "Change in the number of employed people during the previous month, excluding the farming industry". Usually its released monthly, on the first Friday after the month ends. This month however, due to the US Fed Govt shut down this was delayed by 18 days leaving the market in a bit of doldrum but not that much. I'd rather say it left an "information gap" in the market. 

The market this week, as reported by many reputed forex related websites, is expecting a considerable change which may bring some volatility into the market. Job creation is one of the most important leading indicators of overall economic activity. 

The release of this data, the US Non-Farm Employment Change is highly anticipated by the markets. Any unexpected reading could affect the direction of EUR/USD. As you all know we have a specific strategy for taking advantage of such volatility in the markets using EUR/USD as our trading vehicle. So lets be alert for this news release tomorrow and hope that we can catch some decent setups and ride the wave until it ends...  

Log into our forum or come into the Chatroom tomorrow...

May the pips be with you! 

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Three Ways to Get Into the Market

If someone were to ask me, "how do you make entries into the market" or "How do you trade"

I'd say this to them... 

I have 3 ways to get into the market 

Three Ways to Get In
1. Classic S1 entry (I try to take this in the direction of 3x or 5x HTF Trend) 
2. The Seed (in the direction of the current time frame)
3. The Fruit ( at the peak of Wave 2, Wave 4 or Wave 5) 

I also have 3 ways to Get out of the market

Three Ways to Get Out
1. Target Point Hit (based on Fib Expansion and AIMS levels to the left- Simple Stuff)
2. Stop Close on Green/Red Line (Moving Average Trailing Stop)
3. Candles or AIMS boxes Trailing Stop Loss Hit. 

(ps... Never Get in our Get out of the market without a certain valid reason/s)

Is Cable Heading South Again?

Well, I don't know about that but what I do know is that in the short term its pulling back from its highs on the Daily chart and may retest the AIMS Low and meanwhile we may see a nice wave 5 to downside on H1. That wave 5 down should also create some nice M5 trades of which I took one this am. 1.5955 may be retested. Lets see what happens. Here are some pics using The V5.1 (advanced) Template.

Here we see a nice Wave 3 down and we are looking for a wave 5 down. But see what happens in the next picture

We now have a new situation, What we thought was a 5 turned into 3. This happens quite often and I love it.