The Trader’s Edge
  • Home
  • Join our trading community
  • Back to FXstreet.com

The Trader's Edge

An overview of the currency markets by Ross Yamashita, of Pro Pipper Trading

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Uncategorized

Archives

Recent Comments

  • Ross Yamashita on Will The USD/JPY Continue To Rise?
  • luke on Will The USD/JPY Continue To Rise?
  • Daniel on EUR/USD Analysis & Price Projection
  • Alex Kho on More Upward Push for EUR/JPY? Elliott Wave Explanation.
  • Giovanni Ciet on Forex Best Awards 2011

Tags

Add new tag AUD/USD Aussie Dollar Bailout Plan C2FX C2FX Forex C2FX Forex Trade Sheet C2FX Trade Sheet Canadian Dollar Currency Cowboy Forex Trade Sheet Currency Cowboy Trade Sheet Currency Trading Dollar Elliott Wave EUR/CHF EUR/GBP EUR/JPY EURCAD Euro EURUSD Fix Protocol Forecasts Forex Forex Signal Killer Forex Trade Sheet FX GBP/NZD GBP/USD GBPJPY Japanese Yen Non-Farm Payroll Non-Farm Payrolls NZD/CAD NZD/JPY NZD/USD Pound Pro Pipper Trading Ross Yamashita Ross Yashita Trend Lines USD/CHF USDCAD USDJPY US Dollar Yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

GBP/NZD Trade Set Up

Posted on March 26, 2009 at 23:11 in Uncategorized by Ross Yamashita

Hello everyone.

Let’s take a break from the EUR/USD and take a look at another one of our favorites - the GBP/NZD.

GBP/NZD

We completed a large movement down and then did a 3 wave movement up (a, b and c) and am now heading back down in a 5 wave movement.

We came down to wave i, up to wave ii, down to wave iii and now heading back up to complete wave iv before going back down again in wave v.

The nice thing about this is that we know from our Elliott Wave rules is that Wave 4 cannot overlap the range of Wave 1. So, if the pair goes above the black lines, then this wave count is invalidated. If it turns below back and heads down below the black line, then we know we have a high probability movement down.

We hope everyone has a very nice weekend. Don’t forget that we’re also on Twitter. You can follow us at www.twitter.com/propipper.

Apply your money management, use your stops and check your announcements. Good luck.

Tags: Elliott Wave, GBP/NZD, Pro Pipper Trading, Ross Yamashita

Comments are closed.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.