By Bob Stokes
5/9/2012 5:00:00 PM
Elliott wave trader Jeffrey Kennedy had individuals like you in mind when he said "I began my career as a small trader, so I know firsthand how hard it can be to get simple explanations of methods that consistently work. In more than 15 years as an analyst since my early trading days, I've learned many lessons, and I don't think that they should have to be learned the hard way." The Best of Trader's Classroom offers 14 trading insights that you can use now...
Filed Under: Club EWI, contracting triangle, diagonal triangle, Elliott Wave trading, Fibonacci, futures trading, Jeffrey Kennedy, technical analysis, technical indicators, Traders, trading lessons
Category: Trading Lessons
By Nico Isaac
2/24/2012 1:15:00 PM
Glitz, glamour and stars galore: the awards show we've all been waiting for is finally here. And no, I'm not talking about the 84th Academy Awards set to air February 26. I'm talking about the right now and right here "Commodity Awards" show underway in Elliott Wave International's brand-new February Monthly Futures Junctures (MFJ). Cue lights, and... action.
Filed Under: coffee futures, contracting triangle, cotton futures, diagonal triangle, Elliott wave, Elliott Wave trading, Jeffrey Kennedy, lean hog futures, Orange Juice, soybean meal
Category: Commodities
By Bob Stokes
2/21/2012 4:00:00 PM
In this Dow Transports chart, you can see a price break below the lower trendline of the upwardly contracting pattern. Will this price action prove to be a "false break" or something else?...
Filed Under: contracting triangle, Robert Prechter, technical analysis, technical indicators, Traders, Dow Transports
Category: Stocks
By Vadim Pokhlebkin
1/27/2012 5:00:00 PM
Elliott waves often relate to each other by Fibonacci ratios. Based on these common wave length proportions, our forex-focused Currency Specialty Service had the price target of "above $1.3053" for the latest EURUSD rally.
Filed Under: contracting triangle, Elliott wave, Elliott Wave trading, euro, forex, forex trading, technical analysis, technical indicators, U.S. dollar
Category: Currencies
Have Gold Prices Gone "Rogue"? Not Exactly
EWI's Metals Specialty Service reveals that gold's seemingly chaotic sell-off actually fits within the Elliott wave rules and guidelines
By Nico Isaac
12/14/2011 3:15:00 PM
According to a December 6 Financial Times, "gold has been a conundrum in the past couple of months." Namely, gold prices have fallen despite a slew of "safe-haven" supportive news events. Today, I'm sitting down with EWI's trader-focused Metals Specialty Service to see how gold's recent decline, while puzzling to fundamental analysts, actually falls within the laws of Elliott wave analysis.
Filed Under: contracting triangle, Elliott wave, Elliott Wave trading, Gold, precious metals, Relative Strength Index (RSI), safe haven, technical indicators
Category: Gold and Silver
Why We Can't Take Our Eyes off Coffee
EWI's Daily Futures Junctures reveals why coffee prices are the talk of the commodity town
By Nico Isaac
11/29/2011 3:15:00 PM
Everyday, EWI's chief commodity analyst and Futures Junctures Service editor Jeffery Kennedy wakes up, turns on his computer, and scours the entire commodity marketplace of for those price charts that have what I call the "Lady-Gaga-On-Stage" factor: in other words, you CANNOT take your eyes off them. Today, we're going over one of three commodities that recently grabbed Jeffrey's complete and undivided attention: Coffee.
Filed Under: coffee futures, contracting triangle, Daily Futures Junctures, Elliott wave, Elliott Wave trading, Jeffrey Kennedy
Category: Commodities
By Bart Bruce
11/16/2011 1:00:00 PM
Futures Junctures editor Jeffrey Kennedy takes the time to explain the significance of a contracting triangle wave pattern that's unfolding in Soybean Oil futures. As always, Jeffrey looks at other technical indicators to support his forecast. In this case, compression of the Bollinger bands make a strong case for an exciting move in soybean oil.
Filed Under: contracting triangle, Daily Futures Junctures, Elliott wave, Jeffrey Kennedy, soybean oil, technical indicators, Elliott Wave trading
Category: Commodities
By Nico Isaac
11/8/2011 3:00:00 PM
Two months ago, the US dollar went from the global currency world's "SH**" list to its glowing "IT" list. Between September 1 and September 30, the dollar enjoyed a powerful rally against the euro to its highest level in nine months. Now, read how the dollar's September rally was a classic, Elliott wave post-triangle thrust.
Filed Under: contracting triangle, Elliott Wave trading, euro, forex, forex trading, technical analysis, technical indicators, trading lessons, U.S. dollar
Category: Currencies
By Nico Isaac
9/8/2011 1:45:00 PM
Question: If you know with 100% certainty that a specific event will happen on a specific future date, could you in turn be surprised when the event does indeed happen? Common sense says "no." Yet, recent mainstream news stories on the euro would have you believe otherwise. Check it: On Wednesday September 7, the euro gained ground in a late-day rally.
Filed Under: contracting triangle, Elliott Wave trading, euro, european central bank
Category: Currencies
By Vadim Pokhlebkin
6/20/2011 5:30:00 PM
Elliott wave analysis comes down to this: The ability to identify patterns in price charts. If you can do that, you can do Elliott. Sometimes it's easy, sometimes not so much -- but because there are only 13 known Elliott wave patterns, you can train yourself to find them fairly quickly in most situations. With that in mind, let's take a look at the recent price action in crude.
Filed Under: contracting triangle, crude oil, ethanol futures, market manipulation, options trading, supply and demand, technical analysis, trading lessons
Category: Energy
By Nico Isaac
3/2/2011 5:00:00 PM
On March 2, scientists added a third item to the list of living things able to "Defy the Laws of Gravity": A bumble bee, a hummingbird, and now -- the gold market. Okay, maybe not officially. But on March 2, as the price of gold soared to a fresh all-time high, the notion of a new, "up-only" paradigm forming in the precious metal certainly felt real.
Filed Under: contracting triangle, Elliott Wave trading, gold futures
Category: Gold and Silver
By Bob Stokes
1/5/2011 4:45:00 PM
Prices moved upward from the low of a "contracting triangle" which concluded the 18-year correction. The Taiwan TAIEX reached a two and a half year high (8,997) on January 4. What's next?...
Filed Under: contracting triangle, SENSEX, Shanghai Composite Index, Taiwan index, technical analysis, technical indicators
Category: Asian Markets
Silver: Critical, Edge Of The Seat Action
Elliott Wave International's Metals Specialty Service issues a high alert for silver
By Nico Isaac
12/29/2010 1:15:00 PM
Over the last year, investors' foray into the world of precious metals has been about as slow and steady as a freight train without any brakes. And while the sector's spotlight has traditionally been aimed in the direction of gold -- the scene stealer this time around is silver. Last count, silver prices rocketed 70%-plus in 2010, a winning streak that far outshines gold's 24% rally over the same period. Then, when the final votes are counted for the year, it's silver whose taking home the prize for world's second-best performing commodity (just below palladium).
Filed Under: contracting triangle, gold futures, silver futures
Category: Gold and Silver
By Nico Isaac
10/13/2010 4:45:00 PM
Check it: Sugar prices are soaring like a baseball at the end of Babe Ruth's bat. On October 13, 2010, the market reached its highest level in eight months. And, according to the mainstream financial experts, sugar's surge is a result of a "perfect storm" of bullish fundamentals. The problem is, all of these factors are at best short-sighted explanations for a long-term scenario that has been underway in sugar for two straight years.
Filed Under: sugar futures, contracting triangle
Category: Commodities
By Nico Isaac
9/10/2010 3:00:00 PM
You don't have to squint to see them. Watch commodity market charts long enough and they'll appear soon enough: those patterns on a chart when prices first swing wide up and down, then less so, then the swings narrow even more… Then, for a time, it seems the market is stuck going sideways, until – boom! – Prices launch into a wild spike that takes it far, far, and away. Triangles. That's what Elliotticians call those contracting swings in the charts.
Filed Under: contracting triangle, lean hog futures
Category: Commodities
By Nico Isaac
8/25/2010 3:15:00 PM
Over the last two days, coffee prices have gone from "boiling" to "blizzard." Starting off Monday (August 23) at a soaring 13-year high, the market then took a sudden turn on Tuesday in a sharp 8% nosedive -- its biggest one-day plunge in two years. As for what's behind the market's reversal -- the mainstream experts hardly see eye-to-eye. More like tug-of-war.
Filed Under: coffee futures, futures trading, contracting triangle
Category: Commodities
By Jason Lureman
6/22/2010 5:15:00 PM
Those who follow the Wave Principle will tell you that knowing your wave patterns is vital. If you can identify the pattern, you can often tell the direction and nature of future price moves. There are many different patterns but the one I'd like to focus on is the contracting triangle.
Filed Under: Elliott Wave Principle, Dow Jones Industrial Average (DJIA), S&P 500, Nasdaq Composite, technical analysis, contracting triangle
Category: Stocks
By Nico Isaac
6/11/2010 4:00:00 PM
Over the last two months, the coffee market has been about as thrilling as a plate of turnip greens. Prices have been stuck side bound since May, never rising above $1.40 or below $1.30. Yet -- on Thursday June 10, that all changed when coffee prices made like the Incredible Hulk and burst out to the upside in a powerful rally to seven-month highs.
Filed Under: coffee futures, contracting triangle
Category: Commodities
By Nico Isaac
2/11/2010 3:45:00 PM
Soybean prices in the past month have wilted faster than a soy plant in the South Pole. As I write this the grain stands at its lowest level in four months. And, according to the mainstream experts, two main factors have put the bear in beans. Get the full story today.
Filed Under: soybean futures, contracting triangle
Category: Commodities
By Nico Isaac
2/9/2010 6:00:00 PM
Today I reach into the bag of 13 known Elliott wave patterns and pull out the most exciting corrective formation of the bunch: the Contracting Triangle. One chart in today's article shows the triangle in rest. And the other chart shows a triangle underway in the price action of a major commodity market.
Filed Under: contracting triangle
Category: Commodities