Kevin Loughlin – Harmonic Pattern Trader Online Trading Journal

19Jan/120

Weekly Market Update 19/01/2012

15Jan/120

Weekly Market Update 15/01/2012

5Jan/120

APPLE INC FORMS A BEAR BAT, POSSIBLE ELLIOTT WAVE 3 COMPLETE

Currently short Apple Inc.  It has formed a bear bat on an overbought 4H and coming into overbought daily.  This stock has been defying gravity for the past 2 years, as it has been diverging all this time.  Elliott wave count suggests a possible top in place and completion of wave 3 blue, now within this possible correction there is the bear bat.

29Dec/110

Weekly Market Update 28/12/2011

26Dec/110

GBPUSD 2nd HALF POSITION TAKEN OUT ON BREAK EVEN

GBPUSD rallied, after hitting taken T1 for the 1st half position, to take out the 2nd half position by 5 pips for break even.  It did this with a long doji/shooting star type candle, then moved sideways and eventually dropped into some fib confluence of the ABCD legs.  It's now exhibiting some bearish continuation on the 4H RSI.