HDB CCI Trading System

Guys i am not a Master of Elliot waves but this is what i see and hope it helps others. 

 

We could have completed the a-b-c wave and wave 1 and we could be in wave 2 now and if it retraces 61.8% of wave 1 then somewhere around 45,662 is where we should see the bottom and the wave 3 is known to be an impulsive rally and usually lasts the longest.

 

But i could be wrong as well 

And Vertebrae's gap would be closed if this plays out

Guys i am not a Master of Elliot waves but this is what i see and hope it helps others. 

We could have completed the a-b-c wave and wave 1 and we could be in wave 2 now and if it retraces 61.8% of wave 1 then somewhere around 45,662 is where we should see the bottom and the wave 3 is known to be an impulsive rally and usually lasts the longest.

But i could be wrong as well 

13, me ema and s3 clustered together...big move imminent!!

My bet....down..........................

look at 5 min chart...Its the first time today we broke above 13ema...every other times, it tested and was hammered down!!

if that goes, 45790 next support!!

back from Mosque....wow...bounced perfectly on support!!

and that was were I had my take profit!!

Edited by HDB, 28 August 2014 - 01:29 PM.

I closed my positions before I left PC...     ...Bounced on my 100% retracement and 45784 support!!

Sorry about that HDB, looks like renewed Ukraine tension...!

there goes support.

something has spooked the overseas market...

seems like we on a hiding to nothing....

long stopped out...back in short!!

last 4 by 5 min candles all bouncing around support!!

closing my 2 shorts here and going one long with stop 50p below!!

Red line = 46.13

Green line = 3.34

Black line = 46.10

Taking a long from here (45990) will add more if we go further down...

Ettas hope u still holding ur short !!

if that goes, 45790 next support!!

45962 is one longer term support line...lets see if it holds

short is the play...

and down she went!!

unlike IG, my CC14 on the 5 min is positive now..the angle debatable and a candle just opened above the 13ema...but  on the 30min the 13 ema just crossed the 34 ema downwards...very confused now..wanted to short on my resistance of 46191 but not sure

short is the play...

unlike IG, my CC14 on the 5 min is positive now..the angle debatable and a candle just opened above the 13ema...but  on the 30min the 13 ema just crossed the 34 ema downwards...very confused now..wanted to short on my resistance of 46191 but not sure

I am tempted to place a short here with a 100 pips limit and a buy order at 46,000 which is the midpoint between S2 and S3.