We've just released our 2006 Outlook for the EUR/USD, the GBP/USD, the USD/JPY, and the GBP/JPY.  Each of these Outlooks is only $10.00.  These can be a great addition to your trading techniques for 2006.  You can be alot more profitable if you know where the market is headed.  You can find them on our web site at www.elliottexchange.com.  Once you purchase them they are immediately available for download.We are going to ease into 2006 here.  We'd like to see the how the markets open before we start announcing trades.  Our JPY trade from last week went a bit farther than we expected although it stayed within our stop had we traded it.  We didn't want to hold a position into the long holiday weekend so we were happy just to sit aside.  We hope to start publishing trade ideas in earnest tomorrow.Forex Currency trading is very risky, please read the disclaimer on our web site.  Visit us on the web at www.elliottexchange.com or at forex.podomatic.com.  Good Luck and Good Trading

We've just released our 2006 Outlook for the EUR/USD, the GBP/USD, the USD/JPY, and the GBP/JPY. Each of these Outlooks is only $10.00. These can be a great addition to your trading techniques for 2006. You can be alot more profitable if you know where the market is headed. You can find them on our web site at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a>. Once you purchase them they are immediately available for download. We are going to ease into 2006 here. We'd like to see the how the markets open before we start announcing trades. Our JPY trade from last week went a bit farther than we expected although it stayed within our stop had we traded it. We didn't want to hold a position into the long holiday weekend so we were happy just to sit aside. We hope to start publishing trade ideas in earnest tomorrow. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Tuesday, January 2, 2006

We are excited today to launch a companion service to our daily podcasts, the Forex Forcast for the EUR/USD. This Forecast provides detailed charts and commentary to explain in greater depth the market movement that we are describing on our podcast. You don't want to be without it. Visit the elliottexchange.com web site.

We are excited today to launch a companion service to our daily podcasts, the Forex Forcast for the EUR/USD. This Forecast provides detailed charts and commentary to explain in greater depth the market movement that we are describing on our podcast. You don't want to be without it. Visit the <a href="http://elliottexchange.com" rel="nofollow" target="_blank">elliottexchange.com</a> web site.

Forex Daily Podcast for Thursday, July 6, 2006

The move towards a weaker US Dollar has been nothing short of spectacular.  The good news is it's not yet complete.  Tune it to find out.

Forex Daily Podcast for December 3, 2006

The markets did the grind lower as forecasted last night.  Tonight will they switch and grind higher?  Listen and find out with our updated forecast.

The Forex Report for Wednesday, June 28, 2006

Yesterdays strong move down on the EUR likely indicates the start of a new move down.  However, it has not yet travelled far enough to confirm that.  If this move down has begun then the currency will not rise above yesterday's high.  If the EUR does travel above yesterday's high then it should travel to about 1.2030 before reversing.  If the EUR down move is starting it should travel below 1.1650.  The GBP should move like the EUR and the CHF in the opposite direction.The EUR trades at 1.1930.The GBP trades at 1.7460The CHF trades at 1.3110.The wave pattern on the JPY looks corrective, therefore we are expecting another move down on the JPY.  The JPY trades at 116.25The CAD trades at 1.1340Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

Yesterdays strong move down on the EUR likely indicates the start of a new move down. However, it has not yet travelled far enough to confirm that. If this move down has begun then the currency will not rise above yesterday's high. If the EUR does travel above yesterday's high then it should travel to about 1.2030 before reversing. If the EUR down move is starting it should travel below 1.1650. The GBP should move like the EUR and the CHF in the opposite direction. The EUR trades at 1.1930. The GBP trades at 1.7460 The CHF trades at 1.3110. The wave pattern on the JPY looks corrective, therefore we are expecting another move down on the JPY. The JPY trades at 116.25 The CAD trades at 1.1340 Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Thursday, March 2, 2006

The markets have moved sideways this week as forecast for Monday.  However is this sideways movement coming to an end?  Tune in today and find out.

Forex Daily Podcast for August 11, 2006

We claimed our Forex Daily call of the week a bit early.  The call for a trade down on the USD/JPY yesterday for 140+ pips topped the previous call earlier in the week on the USD/JPY.  Again, if you were listening to our podcast yesterday, this move down on the JPY overnight did not catch you by surprise.  In we had a great week here on the Podcast, you should have been able to grab more than 200 pips on the JPY alone, and over 300 pips in total.We are still looking for a break in tight range on the EUR, GBP, and CHF.  At this point we almost think they have to retrace a bit before the continuing towards a stronger dollar.  We are waiting for a breakout.The EUR currently trades at 1.1969.The GBP currently trades at 1.7492.The CHF currently trades at 1.2994.The JPY moved up near 119 just as we expected yesterday then plummeted down to under 117.50 exactly as predicted.  Hopefully, you grabbed more than 100 pips on this move.  That makes over 200 pips for the week on the JPY.  We would like the JPY to head down near the 116.70 level before continuing higher, but the wave count is potentially complete at the 117.32 level.  The JPY currently trades at 117.52.The CAD still looks like it's in a corrective move up and is trading at 1.1492.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

We claimed our Forex Daily call of the week a bit early. The call for a trade down on the USD/JPY yesterday for 140+ pips topped the previous call earlier in the week on the USD/JPY. Again, if you were listening to our podcast yesterday, this move down on the JPY overnight did not catch you by surprise. In we had a great week here on the Podcast, you should have been able to grab more than 200 pips on the JPY alone, and over 300 pips in total. We are still looking for a break in tight range on the EUR, GBP, and CHF. At this point we almost think they have to retrace a bit before the continuing towards a stronger dollar. We are waiting for a breakout. The EUR currently trades at 1.1969. The GBP currently trades at 1.7492. The CHF currently trades at 1.2994. The JPY moved up near 119 just as we expected yesterday then plummeted down to under 117.50 exactly as predicted. Hopefully, you grabbed more than 100 pips on this move. That makes over 200 pips for the week on the JPY. We would like the JPY to head down near the 116.70 level before continuing higher, but the wave count is potentially complete at the 117.32 level. The JPY currently trades at 117.52. The CAD still looks like it's in a corrective move up and is trading at 1.1492. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Friday, February 10, 2006

The EUR looks to be in a correction which started in mid November.  We are looking for the EUR to eventually run up to the 1.2150 - 1.2500 level.  We like to see a 3 wave move down before finishing with a move up to these levels.  With the weakness of the USD right now, we may not get the move down.  Be patient and wait for the trades to come to you.  The EUR currently trades at 1.2061.We'll we've gotten our larger correction on the GBP as we discussed last week.  We think it will run up to the 1.7700 to the 1.8400 level.  We'll have a more precise target as this market continues to reveal itself.  Like the EUR/USD are looking for a 3 wave move down so we can trade up towards these targets.  The GBP currently trades at 1.7500.The CHF should continue to move down to the 1.2750-1.2550 levels.  Ideally, we'll get a corrective 3 wave move up before the move continues to these levels. The CHF currently trades at 1.2862.The JPY moved down starting late last week as we thought.  Although we didn't want to hold a trade position over the holiday weekend we hope some of you jumped in.  The JPY should trade down to the 113 level and below unless we are entering a more complex correction of the move down from early December.  We'd like to see a 3 wave move up near these levels so we can get a trade down using the 117 level as a stop.  If we don't get a good risk:reward ratio, we'll just sit out and wait for the next trade.  The JPY currently trades at 115.66The CAD may be moving to a slightly different drummer.  It should continue to fall to at least the 1.1520-1.1440 level before perhaps making a run up to the 117 level.  We'll reassess as the currency approaches these levels.  The CAD currently trades at 1.1562.Forex Currency trading is very risky, please read the disclaimer on our web site.  Visit us on the web at www.elliottexchange.com or at forex.podomatic.com.  Good Luck and Good Trading

The EUR looks to be in a correction which started in mid November. We are looking for the EUR to eventually run up to the 1.2150 - 1.2500 level. We like to see a 3 wave move down before finishing with a move up to these levels. With the weakness of the USD right now, we may not get the move down. Be patient and wait for the trades to come to you. The EUR currently trades at 1.2061. We'll we've gotten our larger correction on the GBP as we discussed last week. We think it will run up to the 1.7700 to the 1.8400 level. We'll have a more precise target as this market continues to reveal itself. Like the EUR/USD are looking for a 3 wave move down so we can trade up towards these targets. The GBP currently trades at 1.7500. The CHF should continue to move down to the 1.2750-1.2550 levels. Ideally, we'll get a corrective 3 wave move up before the move continues to these levels. The CHF currently trades at 1.2862. The JPY moved down starting late last week as we thought. Although we didn't want to hold a trade position over the holiday weekend we hope some of you jumped in. The JPY should trade down to the 113 level and below unless we are entering a more complex correction of the move down from early December. We'd like to see a 3 wave move up near these levels so we can get a trade down using the 117 level as a stop. If we don't get a good risk:reward ratio, we'll just sit out and wait for the next trade. The JPY currently trades at 115.66 The CAD may be moving to a slightly different drummer. It should continue to fall to at least the 1.1520-1.1440 level before perhaps making a run up to the 117 level. We'll reassess as the currency approaches these levels. The CAD currently trades at 1.1562. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Wednesday, January 3, 2005

We have our Forex Daily call of the week available on the Elliott Exchange web site.  This week's call was the downward move on the USD/JPY.  According to the news articles, this sudden move down caught many of the 'Professionals' by surprise.  But you weren't surprised if you were listening to our Daily Podcast from Monday.  You had the opportunity to capture more than 120 pips.We are still looking for a break in tight range on the EUR, GBP, and CHF.  We still favor the downside for the EUR and the GBP, but we are waiting for a firm break either way before we enter.    The EUR currently trades at 1.1979.The GBP currently trades at 1.7407.The CHF currently trades at 1.2981.The JPY moved up just as we thought yesterday to the 118.80 level.  We'd like to see one more push up to near 119 before heading back down to 117.50 and below although we may not get it.  We are waiting patiently for this wave pattern to unfold.  The JPY currently trades at 118.40.As mentioned yesterday the CAD ran slightly higher to 1.1561, then turned down for 70+ pips.  We continue to  favor a lower CAD, but are urge caution as it's a tough currency to read.  The CAD currently trades at 1.1481. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com  or at forex.podomatic.com. Good Luck and Good Trading

We have our Forex Daily call of the week available on the Elliott Exchange web site. This week's call was the downward move on the USD/JPY. According to the news articles, this sudden move down caught many of the 'Professionals' by surprise. But you weren't surprised if you were listening to our Daily Podcast from Monday. You had the opportunity to capture more than 120 pips. We are still looking for a break in tight range on the EUR, GBP, and CHF. We still favor the downside for the EUR and the GBP, but we are waiting for a firm break either way before we enter. The EUR currently trades at 1.1979. The GBP currently trades at 1.7407. The CHF currently trades at 1.2981. The JPY moved up just as we thought yesterday to the 118.80 level. We'd like to see one more push up to near 119 before heading back down to 117.50 and below although we may not get it. We are waiting patiently for this wave pattern to unfold. The JPY currently trades at 118.40. As mentioned yesterday the CAD ran slightly higher to 1.1561, then turned down for 70+ pips. We continue to favor a lower CAD, but are urge caution as it's a tough currency to read. The CAD currently trades at 1.1481. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Thursday, February 9, 2006

We are still looking for the EUR to move up to the 1.2350 levels. The EUR currently trades at 1.2125 and has to break 1.2180 in short order to continue the most bullish interpretations.The GBP should still be moving up to the 1.7900 and above levels, we would like to see an immediate move up to stick with our most bullish interpretation.  The GBP currently trades at 1.7664.We are looking for the CHF to drop to the 1.2640 level and below.  The CHF currently trades at 1.2793.  The JPY broke the 114.88 high, but had very little follow through.  It should try for the 115.44 level once it drops a bit.The CAD looks weak right now.  We locked in our profits and exited the trade in Friday's volatility.  We'll continue to watch this one.  The CAD currently trades at 1.1589.   Forex Currency trading is very risky, please read the disclaimer on our web site.  Visit us on the web at www.elliottexchange.com or at forex.podomatic.com.  Good Luck and Good Trading

We are still looking for the EUR to move up to the 1.2350 levels. The EUR currently trades at 1.2125 and has to break 1.2180 in short order to continue the most bullish interpretations. The GBP should still be moving up to the 1.7900 and above levels, we would like to see an immediate move up to stick with our most bullish interpretation. The GBP currently trades at 1.7664. We are looking for the CHF to drop to the 1.2640 level and below. The CHF currently trades at 1.2793. The JPY broke the 114.88 high, but had very little follow through. It should try for the 115.44 level once it drops a bit. The CAD looks weak right now. We locked in our profits and exited the trade in Friday's volatility. We'll continue to watch this one. The CAD currently trades at 1.1589. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Monday, January 16, 2006

Our daily Forex podcast provides a roundup of the currencies and insight into the future.  We discuss specific currencies as well as trading tactics and techniques to make your trades more successful.  Brought to you by ElliottExchange at www.elliottexchange.com.

Our daily Forex podcast provides a roundup of the currencies and insight into the future. We discuss specific currencies as well as trading tactics and techniques to make your trades more successful. Brought to you by ElliottExchange at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a>.

Forex Daily Podcast

Well we got our 30-60 pips towards a stronger USD yesterday across the major currencies, however it was slow going due to the US holiday.  Either the trend towards a stronger dollar has to accelerate in the US session or we are likely in a more complex correction which would trend towards a weaker USD.  A more complex correction should have movement similar to last Friday.  However, the hourly charts are not so oversold to give high probability trade entries at this time.The EUR/USD dropped 1.1900 level yesterday, and currently trades at 1.1911.The GBP/USD traded in a tight range yesterday, and currently trades at 1.7447.The USD/CHF currently trades at 1.3086.The JPY ran up just shy of 119 and currently trades at 118.83.The USD/CAD currently trades at 1.1477.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

Well we got our 30-60 pips towards a stronger USD yesterday across the major currencies, however it was slow going due to the US holiday. Either the trend towards a stronger dollar has to accelerate in the US session or we are likely in a more complex correction which would trend towards a weaker USD. A more complex correction should have movement similar to last Friday. However, the hourly charts are not so oversold to give high probability trade entries at this time. The EUR/USD dropped 1.1900 level yesterday, and currently trades at 1.1911. The GBP/USD traded in a tight range yesterday, and currently trades at 1.7447. The USD/CHF currently trades at 1.3086. The JPY ran up just shy of 119 and currently trades at 118.83. The USD/CAD currently trades at 1.1477. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Tuesday, February 21, 2006

The run down this morning puts us very near the make or break level for this current correction.  It's got to gather some steam towards a stronger USD to break out of it's maliase.  Hourly indicators are oversold which likely indicates  we are still in a correction and we should see a reversal near current levels.If on the EUR/USD we turn higher from current levels or slightly lower, then we are targeting near 1.1985.  This should be a 5 wave impulsive move up from the bottom.  The EUR/USD currently trades at 1.1880.  We'd like to see the USD/GBP run a bit lower this morning, but if it turns and runs up near current levels, then we'd be targeting 1.7480/1.7600 levels.  The GBP currently trades at 1.7395.The USD/CHF run up may be complete here at 1.3120.  If it turns down, we are targeting the 1.3040 level.If the USD/JPY turns down here we are targeting the 117.80/116.50 levels.The USD/CAD may have complete it's corrective move here or slightly higher.  Once complete, the USD/CAD should continue lower. The USD/CAD currently trades at 1.1500.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

The run down this morning puts us very near the make or break level for this current correction. It's got to gather some steam towards a stronger USD to break out of it's maliase. Hourly indicators are oversold which likely indicates we are still in a correction and we should see a reversal near current levels. If on the EUR/USD we turn higher from current levels or slightly lower, then we are targeting near 1.1985. This should be a 5 wave impulsive move up from the bottom. The EUR/USD currently trades at 1.1880. We'd like to see the USD/GBP run a bit lower this morning, but if it turns and runs up near current levels, then we'd be targeting 1.7480/1.7600 levels. The GBP currently trades at 1.7395. The USD/CHF run up may be complete here at 1.3120. If it turns down, we are targeting the 1.3040 level. If the USD/JPY turns down here we are targeting the 117.80/116.50 levels. The USD/CAD may have complete it's corrective move here or slightly higher. Once complete, the USD/CAD should continue lower. The USD/CAD currently trades at 1.1500. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Wednesday, February 22, 2006

The internet's first and most profitable podcast on the Foreign Currency Markets.Yesterday was another good day to be a Forex Daily Podcast listener.  The currencies turned as we anticipated and are now fast approaching our targets.  The currencies look like they need one more push up to complete this move, then they should reverse.  So be on the lookout for signs of reversal.We are targeting 1.1985 on the EUR and it currently trades at 1.1955.We are targeting 1.7600 level on the GBP and it currently trades at 1.7536.The CHF hit our 1.3040 target and should run further down, it trades at 1.3047.The JPY is approaching our 116.50 target and currently trades at 117The USD/CAD turned at the 1.1510 level as anticipated and trades at 1.1480. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

The internet's first and most profitable podcast on the Foreign Currency Markets. Yesterday was another good day to be a Forex Daily Podcast listener. The currencies turned as we anticipated and are now fast approaching our targets. The currencies look like they need one more push up to complete this move, then they should reverse. So be on the lookout for signs of reversal. We are targeting 1.1985 on the EUR and it currently trades at 1.1955. We are targeting 1.7600 level on the GBP and it currently trades at 1.7536. The CHF hit our 1.3040 target and should run further down, it trades at 1.3047. The JPY is approaching our 116.50 target and currently trades at 117 The USD/CAD turned at the 1.1510 level as anticipated and trades at 1.1480. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Thursday, February 23, 2006

The JPY dropped right down into our target last night which provided an excellent exit if you were in a trade and an entry in the opposite direction.  We'd had a very good week this week on the Forex Daily Podcasts, we've hit nearly all the turns in the market.  The EUR, GBP, and CHF came up a bit short as we were expecting 5 wave moves up and they only delivered 3 waves.  Therefore, we are expecting 3 wave moves from yesterdays extremes and then a reversal.  Therefore, we will likely see one more push before the reversals.  The reversals should be 5 wave impulsive moves.The EUR currently trades at 1.1892.The GBP currently trades at 1.7487The CHF currently trades at 1.3121.The JPY ran just below our 116.50 target and provided nice trades in each direction.  The JPY may be correcting to the 117.00-117.20 level before one final push down, or it may run up from current levels.  The JPY currently trades at 116.87.  The USD/CAD currently trades at 1.1510.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

The JPY dropped right down into our target last night which provided an excellent exit if you were in a trade and an entry in the opposite direction. We'd had a very good week this week on the Forex Daily Podcasts, we've hit nearly all the turns in the market. The EUR, GBP, and CHF came up a bit short as we were expecting 5 wave moves up and they only delivered 3 waves. Therefore, we are expecting 3 wave moves from yesterdays extremes and then a reversal. Therefore, we will likely see one more push before the reversals. The reversals should be 5 wave impulsive moves. The EUR currently trades at 1.1892. The GBP currently trades at 1.7487 The CHF currently trades at 1.3121. The JPY ran just below our 116.50 target and provided nice trades in each direction. The JPY may be correcting to the 117.00-117.20 level before one final push down, or it may run up from current levels. The JPY currently trades at 116.87. The USD/CAD currently trades at 1.1510. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Friday February 24, 2006

The EUR, GBP, and CHF came in as ugly 3's on Friday.  We started trading for a reversal, then decided to wait to see if the moves become 5 waves which they have.  The currencies should have 1 final push this morning to finish the 5 wave moves towards a stronger USD.  This leads us to believe 2 alternative scenarios.  The first is the currencies are starting their next move and this completes wave 1.  In this alternative we would expect a 3 wave corrective move towards a weaker USD.  The 2nd scenario is we've just completed a smaller level flat, where we would expect a 5 wave corrective move towards a weaker USD.  Therefore, we are fairly certain that we should have a trade towards a weaker USD once we see a final push this morning.  Our targets for the EUR are 1.1915 and 1.2000.  The EUR currently trades at 1.1841.Our targets for the GBP are 1.7490 and 1.7600.  The GBP currently trades at 1.7389.Our targets for the CHF are 1.3100 and 1.3020.  The CHF currently trades at 1.3207.The JPY started it's final push down overnight and then some.  It travelled farther than we expected which gives it the potential for further downside.  The JPY currently trades at 116.09.The USD/CAD currently trades at 1.1485.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

The EUR, GBP, and CHF came in as ugly 3's on Friday. We started trading for a reversal, then decided to wait to see if the moves become 5 waves which they have. The currencies should have 1 final push this morning to finish the 5 wave moves towards a stronger USD. This leads us to believe 2 alternative scenarios. The first is the currencies are starting their next move and this completes wave 1. In this alternative we would expect a 3 wave corrective move towards a weaker USD. The 2nd scenario is we've just completed a smaller level flat, where we would expect a 5 wave corrective move towards a weaker USD. Therefore, we are fairly certain that we should have a trade towards a weaker USD once we see a final push this morning. Our targets for the EUR are 1.1915 and 1.2000. The EUR currently trades at 1.1841. Our targets for the GBP are 1.7490 and 1.7600. The GBP currently trades at 1.7389. Our targets for the CHF are 1.3100 and 1.3020. The CHF currently trades at 1.3207. The JPY started it's final push down overnight and then some. It travelled farther than we expected which gives it the potential for further downside. The JPY currently trades at 116.09. The USD/CAD currently trades at 1.1485. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Monday, February 27, 2006

Is this the reversal we've been waiting for?  Right now it's a bit hard to tell. We we're expecting a final push yesterday that never materialized which makes the patterns had to read right now.  we will be on the sidelines until it becomes clearer.  Don't force a bad trade, rather wait for the next good one.Our targets for the EUR remain at 1.1915 and 1.2000.  The EUR trades at 1.1872Our targets for the GBP remain at 1.7490 and 1.7600.  The GBP trades at 1.7469Our targets for the CHF remain at 1.3100 and 1.3020.  The CHF trades at 1.3188The JPY trades at 116.35The CAD trades at 1.1392Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

Is this the reversal we've been waiting for? Right now it's a bit hard to tell. We we're expecting a final push yesterday that never materialized which makes the patterns had to read right now. we will be on the sidelines until it becomes clearer. Don't force a bad trade, rather wait for the next good one. Our targets for the EUR remain at 1.1915 and 1.2000. The EUR trades at 1.1872 Our targets for the GBP remain at 1.7490 and 1.7600. The GBP trades at 1.7469 Our targets for the CHF remain at 1.3100 and 1.3020. The CHF trades at 1.3188 The JPY trades at 116.35 The CAD trades at 1.1392 Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Tuesday, February 28, 2006

Yesterday provided the reversal we were looking for.  We waited until the 4th wave encroached upon the 2nd wave indicating that the down move was complete and jumped in for some handsome profits.  Once this current move is complete we should get another reversal providing an impulsive move in the opposite direction.  The currencies have already cleared our initial targets.  But with the hourlies overbought on the EUR and the GBP we would like to see a bit of a correction here.  The question again becomes does this finish our correction or do we have one more move up.  I think we'll be patient for a final move up.  However, we will jump in if it becomes obvious the move is finished.Our ideal target for the EUR is 1.2000.  The EUR trades at 1.1940Our ideal target for the GBP is 1.7600.  The GBP trades at 1.7566Our ideal target for the CHF is 1.3020.  The CHF trades at 1.3075The JPY either completed it's move down or also has one final push and trades at 116.10The CAD trades at 1.1386 and looks to be correcting here, probably to about 1.1425.  Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

Yesterday provided the reversal we were looking for. We waited until the 4th wave encroached upon the 2nd wave indicating that the down move was complete and jumped in for some handsome profits. Once this current move is complete we should get another reversal providing an impulsive move in the opposite direction. The currencies have already cleared our initial targets. But with the hourlies overbought on the EUR and the GBP we would like to see a bit of a correction here. The question again becomes does this finish our correction or do we have one more move up. I think we'll be patient for a final move up. However, we will jump in if it becomes obvious the move is finished. Our ideal target for the EUR is 1.2000. The EUR trades at 1.1940 Our ideal target for the GBP is 1.7600. The GBP trades at 1.7566 Our ideal target for the CHF is 1.3020. The CHF trades at 1.3075 The JPY either completed it's move down or also has one final push and trades at 116.10 The CAD trades at 1.1386 and looks to be correcting here, probably to about 1.1425. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Wednesday, March 1, 2006

The existing homes sales annoucement drove the market today as expected.  Tomorrow we have initial claims and new home sales on top.  Look for more volatility surrounding these annoucements

Forex Daily Podcast for August 23, 2006

The market started to blast off as we anticipated at the end of last week.  Is it going to continue into this week?  Listen and find out.

The JPY trade was the perfect trade up yesterday good for over 120 pips.  You had tight stop and good risk reward on the primary target and a good risk reward in the alternative target which didn't come into play.  You only need one of these trades a week to be successful in the currencies.  The CAD traveled further than expected so a good setup never materialized.  With the release of non-farm payrolls  today watch for a wild ride.  Overall we continue to favor a stronger USD, although the short term corrections may continue.Sell the EUR/USD on pullbacks and be patient.  The EUR currently trades at 1.1920.Sell the GBP/USD on pullbacks.  The GBP currently trades at 1.7370.Buy the USD/CHF on pullbacks.  The CHF currently trades at 1.3140.Look for a possible correcton down on the JPY today to the 117.40 level.  Don't get aggressive trading corrections that's where you can get burned.  The JPY trades at 118.30.The CAD is still going strong and likely has one more push up today before correcting.  The CAD currently trades at 1.1621. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

The JPY trade was the perfect trade up yesterday good for over 120 pips. You had tight stop and good risk reward on the primary target and a good risk reward in the alternative target which didn't come into play. You only need one of these trades a week to be successful in the currencies. The CAD traveled further than expected so a good setup never materialized. With the release of non-farm payrolls today watch for a wild ride. Overall we continue to favor a stronger USD, although the short term corrections may continue. Sell the EUR/USD on pullbacks and be patient. The EUR currently trades at 1.1920. Sell the GBP/USD on pullbacks. The GBP currently trades at 1.7370. Buy the USD/CHF on pullbacks. The CHF currently trades at 1.3140. Look for a possible correcton down on the JPY today to the 117.40 level. Don't get aggressive trading corrections that's where you can get burned. The JPY trades at 118.30. The CAD is still going strong and likely has one more push up today before correcting. The CAD currently trades at 1.1621. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Friday, March 10, 2006

Kind of ugly corrective patterns on the currencies in the past day.  We are hoping that the patterns become clearer today.  We continue to favor a stronger USD across the board overall, although we may be stuck in a range for the next day or two.  We expect the EUR to move lower once this correction is complete, but it's just been ugly for the past day.  The EUR currently trades at 1.1927.The GBP should be moving to the 1.7200 level and below although it's undecided if it wants to run higher here or just be stuck in a range.  The GBP currently trades at 1.7389.The CHF may have completed it's correction at 1.3060 and started it's next move up.  It needs to gain some speed if that is true.  The CHF currently trades at 1.3103.Although the JPY pushed up into our target area yesterday, this uptrend is not complete.  You've got a high probability trade setup on an up trade with a stop just below 117.08.  Alternatively, If the JPY drops below this level then this correction is a zig-zag which is a 5 wave move down which should be complete at 117.08 followed by a 3 wave move up to the 117.80 level followed by another 5 wave move down.  Trade up on completion of the zig-zag.  The JPY currently trades at 117.20.The CAD has had a nice run up and is taking a breather.  There may be a down trade near the 1.1580 level.  Look for Divergence on the RSI indicator if the currency runs back to this level in the next day.  Targets on the downside would be 1.1470 and 1.1410.  The CAD currently trades at 1.1550.  Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

Kind of ugly corrective patterns on the currencies in the past day. We are hoping that the patterns become clearer today. We continue to favor a stronger USD across the board overall, although we may be stuck in a range for the next day or two. We expect the EUR to move lower once this correction is complete, but it's just been ugly for the past day. The EUR currently trades at 1.1927. The GBP should be moving to the 1.7200 level and below although it's undecided if it wants to run higher here or just be stuck in a range. The GBP currently trades at 1.7389. The CHF may have completed it's correction at 1.3060 and started it's next move up. It needs to gain some speed if that is true. The CHF currently trades at 1.3103. Although the JPY pushed up into our target area yesterday, this uptrend is not complete. You've got a high probability trade setup on an up trade with a stop just below 117.08. Alternatively, If the JPY drops below this level then this correction is a zig-zag which is a 5 wave move down which should be complete at 117.08 followed by a 3 wave move up to the 117.80 level followed by another 5 wave move down. Trade up on completion of the zig-zag. The JPY currently trades at 117.20. The CAD has had a nice run up and is taking a breather. There may be a down trade near the 1.1580 level. Look for Divergence on the RSI indicator if the currency runs back to this level in the next day. Targets on the downside would be 1.1470 and 1.1410. The CAD currently trades at 1.1550. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Thursday, March 9, 2006

Although our high probability trade setups failed on the EUR and the CHF once they broke though their respective key levels you should have been able to reverse your trade and make your profits back and then some.  The EUR is finally taking a bit of a breather after it's strong move down over the past few days.  This could be the start of it's move to 1.1650 and below.  We are looking for the EUR to have at least one more push lower of 70-110 pips after it finishes this correction.  At 1.1940 this correction is potentially complete.  The EUR currently trades at 1.1927.The GBP should be moving to the 1.7200 level and below.  Our longer term target remains near 1.6500 for the GBP.  The GBP trades at 1.7400.The CHF likewise should push higher once this correction down is complete.  The CHF currently trades at 1.3085Our next target up on the JPY is 118.30.  The JPY could be entering a more complex correction which would bring it lower from current levels before resuming it's uptrend.  The JPY currently trades at 117.85The CAD just dipped below our longer term target of 1.1300 and below and has been making a nice move upwards.  At this point we should be very near at least a 60 pip pullback.  With the strength of this move up, we are wondering if the longer term run down is over?   The CAD currently trades at 1.1511.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

Although our high probability trade setups failed on the EUR and the CHF once they broke though their respective key levels you should have been able to reverse your trade and make your profits back and then some. The EUR is finally taking a bit of a breather after it's strong move down over the past few days. This could be the start of it's move to 1.1650 and below. We are looking for the EUR to have at least one more push lower of 70-110 pips after it finishes this correction. At 1.1940 this correction is potentially complete. The EUR currently trades at 1.1927. The GBP should be moving to the 1.7200 level and below. Our longer term target remains near 1.6500 for the GBP. The GBP trades at 1.7400. The CHF likewise should push higher once this correction down is complete. The CHF currently trades at 1.3085 Our next target up on the JPY is 118.30. The JPY could be entering a more complex correction which would bring it lower from current levels before resuming it's uptrend. The JPY currently trades at 117.85 The CAD just dipped below our longer term target of 1.1300 and below and has been making a nice move upwards. At this point we should be very near at least a 60 pip pullback. With the strength of this move up, we are wondering if the longer term run down is over? The CAD currently trades at 1.1511. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Wednesday, March 8, 2006

Friday we saw corrections on the EUR and the CHF and a high probability trade setup on the GBP.  We still cannot reconcile the counts on the GBP and the EUR which is odd so we still have some caution on trading the GBP.  The JPY's trade setup did not come until overnight where it provided a nice trade entry up.  I wanted to remind everyone that you can subscribe to receive an email whenever we publish a new podcast by signing up for it at forex.podomatic.com.  Click on the 'Add yourself to my mailing list' link, it's very simple.  Also, if we've helped you enter profitable trades we accept donations at forex.podomatic.com.  Today provides a couple of different alternative interpretations each leading to different trade setups.  The key level for the EUR is 1.1975.  If this level is broken then a move down has started with stops above the previous high.  I think you can get an entry much closer to the previous high, but breaking this level is the trigger.  I think there may be one more move up to near the 1.2140 level. An ideal trade would be with an entry within 20-30 pips of the 1.1975 level so you can get a stop just behind this critical point.  If we get a final move up look for a reversal upon completion.  The EUR trades at 1.2032.The GBP should follow the EUR with an upward target near 1.7700 level.  The GBP trades at 1.7554The CHF should move opposite the EUR, it's critical level is 1.3037.  If it breaks above this level the currency will be moving higher.  Likewise, look for a high probability entry with a stop loss just above this level .  The CHF trades at 1.2968.The JPY looks like it has nearly traced out a 5 wave move up and should have one more push up to the 117.40 level before entering into a correction.  The JPY trades at 117.20The CAD seems to be tracing out some kind of a flat.  If it falls near the previous low, it might provide a nice trade up.  The CAD currently trades at 1.1360.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com  or at forex.podomatic.com. Good Luck and Good Trading

Friday we saw corrections on the EUR and the CHF and a high probability trade setup on the GBP. We still cannot reconcile the counts on the GBP and the EUR which is odd so we still have some caution on trading the GBP. The JPY's trade setup did not come until overnight where it provided a nice trade entry up. I wanted to remind everyone that you can subscribe to receive an email whenever we publish a new podcast by signing up for it at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Click on the 'Add yourself to my mailing list' link, it's very simple. Also, if we've helped you enter profitable trades we accept donations at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Today provides a couple of different alternative interpretations each leading to different trade setups. The key level for the EUR is 1.1975. If this level is broken then a move down has started with stops above the previous high. I think you can get an entry much closer to the previous high, but breaking this level is the trigger. I think there may be one more move up to near the 1.2140 level. An ideal trade would be with an entry within 20-30 pips of the 1.1975 level so you can get a stop just behind this critical point. If we get a final move up look for a reversal upon completion. The EUR trades at 1.2032. The GBP should follow the EUR with an upward target near 1.7700 level. The GBP trades at 1.7554 The CHF should move opposite the EUR, it's critical level is 1.3037. If it breaks above this level the currency will be moving higher. Likewise, look for a high probability entry with a stop loss just above this level . The CHF trades at 1.2968. The JPY looks like it has nearly traced out a 5 wave move up and should have one more push up to the 117.40 level before entering into a correction. The JPY trades at 117.20 The CAD seems to be tracing out some kind of a flat. If it falls near the previous low, it might provide a nice trade up. The CAD currently trades at 1.1360. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Monday, March 6, 2006

If you were patient yesterday you were rewarded.  As soon at the EUR cleared the previous days high of 1.1975 it was time to trade up on the EUR, up on the GBP, and down on the CHF.  The times to be aggressive in the market is when you are almost 100% certain that something is going to happen as we were at this event yesterday.  Aggressive traders could have made money in both directions, but you had to be quick and have nerves of steel.  Today we would like to EUR to run up to 1.2070, the CHF to run down to 1.2920.  The GBP is the wild card, it seems to have a different Elliott count than the EUR which is odd.  If it breaks above 1.7593 then it really throws our counts off.  Because it differs so greatly from the EUR it gives us extra caution on this move.  We are looking for the currencies to reverse near these levels provided the've traced out a 5th wave.  However, 5th waves can extend so you may not want to get too aggressive looking for reversals.  The EUR trades at 1.2022.The GBP trades at 1.7553The CHF trades at 1.2995.We got a nice run down on the JPY yesterday providing a trade entry up and should get a similar setup today.   The JPY trades at 116.37The CAD looks to be in a correction, we should see another push down this morning and then it should run up.  The CAD trades at 1.1327.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

If you were patient yesterday you were rewarded. As soon at the EUR cleared the previous days high of 1.1975 it was time to trade up on the EUR, up on the GBP, and down on the CHF. The times to be aggressive in the market is when you are almost 100% certain that something is going to happen as we were at this event yesterday. Aggressive traders could have made money in both directions, but you had to be quick and have nerves of steel. Today we would like to EUR to run up to 1.2070, the CHF to run down to 1.2920. The GBP is the wild card, it seems to have a different Elliott count than the EUR which is odd. If it breaks above 1.7593 then it really throws our counts off. Because it differs so greatly from the EUR it gives us extra caution on this move. We are looking for the currencies to reverse near these levels provided the've traced out a 5th wave. However, 5th waves can extend so you may not want to get too aggressive looking for reversals. The EUR trades at 1.2022. The GBP trades at 1.7553 The CHF trades at 1.2995. We got a nice run down on the JPY yesterday providing a trade entry up and should get a similar setup today. The JPY trades at 116.37 The CAD looks to be in a correction, we should see another push down this morning and then it should run up. The CAD trades at 1.1327. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Friday, March 3, 2006

Friday was a wild day.  These are the days that you have to have a plan or your emotions will get the better of you.  The CHF turned right at the levels we were expecting which set itself up for a good trade.  The JPY although not delivering was able to get back to our entry point and provide a small profit.  The GBP didn't quite make it down to our expected level, but bounced up as we expected so all in all a good day.  Our correction that we discussed on Thursday either completed overnight or at least completed the first wave.  Therefore, we should run towards a stronger USD today.  If the correction is not complete, we will run 30-60 pips towards a stronger USD depending on the currency.  Before we get another thrust towards a weaker dollar short term.The EUR/USD should drop from the start today to at least the 1.1900 level, it currently trades at 1.1940.The GBP/USD should drop below 1.7400, it currently trades at 1.7427.The USD/CHF currently trades at 1.3076.The JPY currently trades at 118.17.The USD/CAD continued to move lower as we said from Thursday, and currently trades at 1.1483.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

Friday was a wild day. These are the days that you have to have a plan or your emotions will get the better of you. The CHF turned right at the levels we were expecting which set itself up for a good trade. The JPY although not delivering was able to get back to our entry point and provide a small profit. The GBP didn't quite make it down to our expected level, but bounced up as we expected so all in all a good day. Our correction that we discussed on Thursday either completed overnight or at least completed the first wave. Therefore, we should run towards a stronger USD today. If the correction is not complete, we will run 30-60 pips towards a stronger USD depending on the currency. Before we get another thrust towards a weaker dollar short term. The EUR/USD should drop from the start today to at least the 1.1900 level, it currently trades at 1.1940. The GBP/USD should drop below 1.7400, it currently trades at 1.7427. The USD/CHF currently trades at 1.3076. The JPY currently trades at 118.17. The USD/CAD continued to move lower as we said from Thursday, and currently trades at 1.1483. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast, Monday February 20, 2006

We had a good day overall yesterday, we called for at least a more complex correction and the market delivered.  The CAD gave us a number of good entries for it's run down.  The JPY provided a beautiful Elliott Pattern up from the 116.74 low and looks to be the best trade setup.  Today is shaping up to be a mixed bag. The EUR looks to be in a contracting triangle or ending diagonal, it'll take a bit more time to see how this pattern unfolds.  The EUR currently trades at 1.1868The GBP looks to be in a contracting triangle.  So it should get into a tighter range then breakout to the topside or the bottom.  It should run down to the 1.7320 level and bounce higher.  The USD/GBP currently trades at 1.7345.The CHF looks to be running up as an ending diagonal which means it should keep trending higher, in 3 wave moves, it due to make a 3 wave move lower near these levels or slightly higher.  The USD/CHF currently trades at 1.3168.  The JPY has a beautiful impulsive wave up forming.  We are looking for trades up near 118.44 with stops below 118.26 and 118.10.  The USD/JPY currently trades at 118.64.The USD/CAD had multiple entries for our trade down yesterday.  Although it doesn't look as impulsive as we were hoping, it did provide some nice profits.  The USD/CAD currently trades at 1.1552.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com  or at forex.podomatic.com. Good Luck and Good Trading

We had a good day overall yesterday, we called for at least a more complex correction and the market delivered. The CAD gave us a number of good entries for it's run down. The JPY provided a beautiful Elliott Pattern up from the 116.74 low and looks to be the best trade setup. Today is shaping up to be a mixed bag. The EUR looks to be in a contracting triangle or ending diagonal, it'll take a bit more time to see how this pattern unfolds. The EUR currently trades at 1.1868 The GBP looks to be in a contracting triangle. So it should get into a tighter range then breakout to the topside or the bottom. It should run down to the 1.7320 level and bounce higher. The USD/GBP currently trades at 1.7345. The CHF looks to be running up as an ending diagonal which means it should keep trending higher, in 3 wave moves, it due to make a 3 wave move lower near these levels or slightly higher. The USD/CHF currently trades at 1.3168. The JPY has a beautiful impulsive wave up forming. We are looking for trades up near 118.44 with stops below 118.26 and 118.10. The USD/JPY currently trades at 118.64. The USD/CAD had multiple entries for our trade down yesterday. Although it doesn't look as impulsive as we were hoping, it did provide some nice profits. The USD/CAD currently trades at 1.1552. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast, Friday February 17, 2006

Today we are cautious of a reversal towards a weaker US dollar short term.  Unless we get some accelation of a stronger USD move this morning, we may have to consider the moves ended on Feb 13th complete or at least entering into a more complex correction.  In either case a weaker US dollar would be in play.  The EUR, GBP, and CHF all count better as 3 wave moves from the Feb 13 bottom than 5 wave moves, which would tend to indicate a correction.  The EUR currently trades at 1.1853.The GBP currently trades at 1.7332.The CHF currently trades at 1.3143.The JPY pulled back yesterday a bit below where we expected, which stopped me out of the currency a few pips above the low.  On approach I was very patient so I had a very low risk entry, which allowed me to get back in and recover my loss, but I missed a large part of the move.  I hope some of you were able to grab the entire move.  The USD/JPY is in the same position as the rest of the currencies, unless we get some acceleration towards a stronger USD, the USD/JPY would likely move lower.  Although some of the crosses EUR/JPY and GBP/JPY may see some strength which may make the move of the USD/JPY less in sync with the others.  The JPY currently trades at 118.05We were able to grab a trade down on the USD/CAD overnight using a stop just above the 1.1610 high, and a 100 pip target.  A weaker USD should help this trade.  The CAD currently trades at 1.1588.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

Today we are cautious of a reversal towards a weaker US dollar short term. Unless we get some accelation of a stronger USD move this morning, we may have to consider the moves ended on Feb 13th complete or at least entering into a more complex correction. In either case a weaker US dollar would be in play. The EUR, GBP, and CHF all count better as 3 wave moves from the Feb 13 bottom than 5 wave moves, which would tend to indicate a correction. The EUR currently trades at 1.1853. The GBP currently trades at 1.7332. The CHF currently trades at 1.3143. The JPY pulled back yesterday a bit below where we expected, which stopped me out of the currency a few pips above the low. On approach I was very patient so I had a very low risk entry, which allowed me to get back in and recover my loss, but I missed a large part of the move. I hope some of you were able to grab the entire move. The USD/JPY is in the same position as the rest of the currencies, unless we get some acceleration towards a stronger USD, the USD/JPY would likely move lower. Although some of the crosses EUR/JPY and GBP/JPY may see some strength which may make the move of the USD/JPY less in sync with the others. The JPY currently trades at 118.05 We were able to grab a trade down on the USD/CAD overnight using a stop just above the 1.1610 high, and a 100 pip target. A weaker USD should help this trade. The CAD currently trades at 1.1588. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Thursday, February 16, 2006

The JPY started out very promising yesterday, then faded quickly.  Provided you had a good entry you should have been able to exit with a profit.  This types of move is precisely why we stress good money management, the good setups don't always deliver.  So if you take profits along the way and don't let good trades go negative you'll do ok until this type of setup delivers the big move.  Overall we continue to favor a stronger USD, but the question becomes where do I place my stop.  On the EUR the safest place is just above the 1.2026 high, although this doesn't provide a good enough risk:reward ratio at this point.   We still continue to favor a stronger USD, but sideways trading for the next few days wouldn't surprise us.The EUR currently trades at 1.1905.The GBP currently trades at 1.7415.The CHF currently trades at 1.3080.If you look at the breakout of the JPY and count the waves on the 15 minute chart you'll see the move up from 117.10 subdivided better as corrective waves, 3 wave counts than impulsive waves.  When the currency shot up yesterday and started to pull back, this was our clue that this was not going to be the impulsive move up that we were looking for.  We'll still be looking for a trade up with a stop just below 116.88, but we'll have to let it get really close to this level or count a complete 5 wave move down on the 15 minute chart before we enter for a trade up. The JPY should pull back some today and currently trades at 117.55.  The CAD pushed up just shy of our 1.1630 target at 1.1610,  We'd like to see the CAD run up to within 30 pips of yesterday's high, then we'd entertain a trade down with a target of at least 100 pips and a stop just above yesterday's high.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

The JPY started out very promising yesterday, then faded quickly. Provided you had a good entry you should have been able to exit with a profit. This types of move is precisely why we stress good money management, the good setups don't always deliver. So if you take profits along the way and don't let good trades go negative you'll do ok until this type of setup delivers the big move. Overall we continue to favor a stronger USD, but the question becomes where do I place my stop. On the EUR the safest place is just above the 1.2026 high, although this doesn't provide a good enough risk:reward ratio at this point. We still continue to favor a stronger USD, but sideways trading for the next few days wouldn't surprise us. The EUR currently trades at 1.1905. The GBP currently trades at 1.7415. The CHF currently trades at 1.3080. If you look at the breakout of the JPY and count the waves on the 15 minute chart you'll see the move up from 117.10 subdivided better as corrective waves, 3 wave counts than impulsive waves. When the currency shot up yesterday and started to pull back, this was our clue that this was not going to be the impulsive move up that we were looking for. We'll still be looking for a trade up with a stop just below 116.88, but we'll have to let it get really close to this level or count a complete 5 wave move down on the 15 minute chart before we enter for a trade up. The JPY should pull back some today and currently trades at 117.55. The CAD pushed up just shy of our 1.1630 target at 1.1610, We'd like to see the CAD run up to within 30 pips of yesterday's high, then we'd entertain a trade down with a target of at least 100 pips and a stop just above yesterday's high. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Wednesday, February 15, 2006

The JPY moved down yesterday as expected for over 100 pips.  This is a good example of an impulsive move.  This provides the entry we were looking for with a stop just below last Friday's 116.88 low.  We are looking for 200 pips on the upside so this provides us with a better than 1:4 risk:reward ratio.  Remember, you need to be able to capture at least 2 times the winnings that your risk.  The EUR, GBP, and CHF all corrected against the strong dollar move.  We were hoping for a larger correction, but this may be all we get.  We still favor a stronger USD.Our next target on the EUR is 1.1800.  The EUR currently trades at 1.1905.Our next target on the GBP is 1.7250.  The GBP currently trades at 1.7371.Our next target on the CHF is 1.3200.  The CHF currently trades at 1.3077.The JPY has been moving beautifully, we are looking for this to be an impulsive move up for over 200 pips.  When you can count 5 waves on the hour chart the impulsive move is done.  There is always the possibility this could be a larger correction which would be a 3 wave move, so use good money management so a good trade won't become a bad trade.  The JPY currently trades at 117.40We'd still like to see one more push up on the CAD. The CAD currently trades at 1.1550.Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

The JPY moved down yesterday as expected for over 100 pips. This is a good example of an impulsive move. This provides the entry we were looking for with a stop just below last Friday's 116.88 low. We are looking for 200 pips on the upside so this provides us with a better than 1:4 risk:reward ratio. Remember, you need to be able to capture at least 2 times the winnings that your risk. The EUR, GBP, and CHF all corrected against the strong dollar move. We were hoping for a larger correction, but this may be all we get. We still favor a stronger USD. Our next target on the EUR is 1.1800. The EUR currently trades at 1.1905. Our next target on the GBP is 1.7250. The GBP currently trades at 1.7371. Our next target on the CHF is 1.3200. The CHF currently trades at 1.3077. The JPY has been moving beautifully, we are looking for this to be an impulsive move up for over 200 pips. When you can count 5 waves on the hour chart the impulsive move is done. There is always the possibility this could be a larger correction which would be a 3 wave move, so use good money management so a good trade won't become a bad trade. The JPY currently trades at 117.40 We'd still like to see one more push up on the CAD. The CAD currently trades at 1.1550. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at <a href="http://www.elliottexchange.com" rel="nofollow" target="_blank">www.elliottexchange.com</a> or at <a href="http://forex.podomatic.com" rel="nofollow" target="_blank">forex.podomatic.com</a>. Good Luck and Good Trading

Forex Daily Podcast - Tuesday, Feb 14, 2006

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