Better Trader

EUR/USD Forecast

On 21 March the forecast was down see EUR/USD forecast

The pattern appears to be a downward ending diagonal [A,B,C,D,E] and the rally to 1.1448 was wave D. The decline is wave E and this decline is not in a straight line. Normally wave E is in three waves which means the euro should rebound before folling further.

A robust strategy with low risks

If you don't have the time to trade I recommend you join my automated copy trading account. This is the best way to achieve consistent profits, you don't have to analyse the markets or look at your screen, I manage the trades for you.

I trade FTSE 100, S&P 500, Dow Jones, EUR/USD, GBP/USD and dollar index, intraday and short term. You will be surprised to see this strategy in action, no more sleepless nights, this strategy is safe.

I have a good understanding of the markets I trade and how they interact with each other. It's ideal for hedging, and to protect the account. Indeed so far the maximum drawdown in one month is 2.5%. I always believed that in order to be profitable you must have strict money management rules with small drawdowns. If you have small drawdowns it is easier to recover and make a profit.

Mistake #1: most traders don't know how to manage their losing trades, they let the loss become too large, this is a drag on the account. In many cases the account will not recover.

Stop making this mistake, join my copy trading account, this strategy is so robust it is practically impossible to lose money.

Please use the link below to open an account

https://www.bettertrader.co.uk/blog/register.html

EUR/USD pushes higher as expected

Here is the chart of EUR/USD that we published a few days ago. The euro is tracing out an impulse wave up, the rally will extend if Macron wins the French election.

 

Serious money for disciplined traders

The Better Trader App gives you the direction of the market but not where to enter the market.

For a small monthly fee you can access the full reports on FTSE 100, S&P 500, EUR/USD and gold including trading signals (level to trade, stop loss and price target).

We are currently long Gold and looking to go short FTSE 100 June from higher.

The signal to buy gold was posted at the top of page 2 of the report in the section "Trade alert" see:

Gold Forecast May 10th

The best markets to trade are FTSE 100, options and EUR/USD. In total +2160 pts in the last 13 months. If you bet £1 per point per £1000 in your account (which is what I recommend) you triple your money every year!

Start making serious money, subscribe now!

To receive regular analysis and trading signals on the FTSE 100, options, S&P 500, EUR/USD and Gold subscribe to Better Trader Premium

Gold forecast on track

At the start of March we predicted a rally in gold because the pattern was a fourth wave taking the shape of a triangle [A,B,C,D,E]. The rally is now underway.

To receive regular analysis and trading signals on Gold, EUR/USD, FTSE 100, S&P 500 subscribe to Better Trader

 

Good start to the year, FTSE 100 has yet to crash

We took 200 pts on the FTSE 100 this week and now we are long. The reason is because the latest decline was in five waves and the Top 20 Differential is oversold. Here are two reports explaining why I expected a decline on 4thFebruary and why I am bullish now:

FTSE 100 Forecast 4th February

FTSE 100 Forecast 10th February

Stocks are going down because investors have lost confidence in the central banks. I said many years ago that this would happen, simply because the Fed or any central bank cannot manipulate the stock market for ever. Central banks can move the market as we know but if their actions last many years and investors don't see any results, they will slowly lose confidence. QE started in 2008, there have been numerous programs and other operations to stimulate the economy and the stock market in the US, Europe, China and Japan, yet we are heading for deflation. That was never the expected result. Naturally people are now worried but it's taken seven years for people to realise it's not working.
 
So it's not surprising that when Yellen tried to be dovish during her two-day testimony the stock market sold off. The question now is if investors don't trust central banks, who is going to reassure them? I believe that any good news will have a temporary effect on the market which means rallies won't last.

Are you ready to make 153 pts or more per month in 2016?

Our three best performing markets are FTSE 100, Options and EUR/USD

To receive regular analysis and trading signals on the FTSE 100, options, S&P 500, EUR/USD and Gold subscribe to Better Trader Premium

Probably the best market timing service in the world

By Thierry Laduguie

 

In December 2014 I was asked to give a tip for 2015. I said sell Glencore:

http://www.shareprophets.com/views/9790/thierry-laduguie-s-share-tip-of-the-year-sell-glencore
 

At the time the stock was trading near 300p. The stock collapsed during the summer, today it is trading near 90p.

In April I predicted the bursting of China's stock market bubble:

http://www.bettertrader.co.uk/blog/2015/04/will-chinas-stock-market-bubble-be-the-trigger.html
 

As we know the bubble burst and the Shanghai Composite index is down 31% from its peak in June.

At the same time, I predicted the end of the bull market in the FTSE 100:

http://www.shareprophets.com/views/11648/ftse-100-2015-rally-is-done
 

and again:

http://www.shareprophets.com/views/12331/i-won-t-tip-any-share-this-year-because-in-my-view-the-rally-in-2015-is-done
 

Speaking at the UK Investor Show in April I said mining stocks and the FTSE 100 will go down:

https://www.youtube.com/watch?v=9wvTPxLEFGg
 

A few weeks later the FTSE 100 started to slide and within three months the UK index was down 16%. Despite the recent bounce the FTSE 100 remains below its peak at 7104 recorded in April and below its 200-day moving average.

More recently, when a sell off occurred in the FTSE 100 in early December I said to my members: don't panic, buy the FTSE 100 for a short term rally. Again I was right, my short term indicators were bullish. Here is the report on 15th December:

FTSE 100 forecast

 

The bottom line is that it was a good year for us, my trades published on Better Trader Premium made 1834 pts in 2015 or 153 pts per month.

I wish you all a happy New Year and I hope you will join me in 2016 on the path to success.

To receive regular analysis and trading signals on the FTSE 100, options, S&P 500, EUR/USD and Gold subscribe to Better Trader Premium

What Are You Waiting For?

I ask the question because I know there are some people out there waiting to join the Better Trader service. You see, if you tried the Better Trader service for a short period of time like a week or a month, you don't know what you are missing. In a month I can't guarantee that we will catch a big move.

I always say the money is made in the big moves. The thing is, catching a big move doesn't happen every week or every month. The last time I predicted a significant rally was on 13th November, see:

Download the S&P 500 forecast

Next time you join the service please remain a member for at least three months, then you will realise how good the service is.

To receive regular analysis and trading signals on the FTSE 100, options, S&P 500, EUR/USD and Gold subscribe to Better Trader Premium

FTSE 100: it's time to make money

If you trade and struggle to make a profit, don't be too disappointed, there is a way out. I have known people who were losing but now they make money consistently. Firstly, you need clear direction and this is provided on the Better Trader Premium website.

Secondly, you need to bet the right amount, not too much, not too little. You need to be disciplined. If I say we go long at that level, it's that level and not higher or lower. Many people quit trading because they don't do exactly as they are told or because they bet too much. If you bet too much, a series of bad trades will wipe out your account.

Look, I make money on EUR/USD, I am up +341 pips since April however, most of the profits were made from April to August. Since August it's losing. Imagine if you started to follow my trades on EUR/USD in August and you bet too much, by now you would be wiped out.

To go far I recommend to bet £1 per £1000 in your account. So if you have £5000 to play with you bet £5, this is based on the trades from Better Trader Premium.

If you don't bet too much and you are disciplined and trade only the most profitable markets you will be fine. The most profitable market are FTSE 100 and options. In total we have made +1295 pts since April (+802 on FTSE 100, +493 on options). If you don't understand options please let me know and I will send you an explanation.

The stock market will probably trade in a tight range until the end of the year, this will provide us with plenty of opportunities to make money short term. There will be some false alerts, and some surprises. There are three important things; anticipation, reaction, adaptation. I can anticipate a move based on my understanding of the market, but I must react quickly if I am wrong in order to adapt to the new environment. These changes are necessary if one is going to achieve long term success in the chaos that lies ahead.

To receive regular analysis and trading signals on the FTSE 100, options, S&P 500, EUR/USD and Gold subscribe to Better Trader Premium

The "Personality" of Stock Market Waves

Are movements in the markets just prices or is there more to it?

By Elliott Wave International

Elliott waves don't merely reflect prices plotted over time. Each wave has its own "personality." Watch this video by EWI's Wayne Gorman to learn more about the psychology behind the waves and how it affects your investment decisions.

This video was taken from the free Club EWI video series, "Learn the Why, What and How of Elliott Wave Analysis." Free Club EWI members, log in to watch the entire series now >>. (Need a free Club EWI password? It only takes 30 seconds.)

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Free Club EWI Video Series: "Learn the Why, What and How of Elliott Wave Analysis" This 3-video series is a great way to get started with the Wave Principle. You can get these videos free with a Club EWI membership. Get a free Club EWI password and watch your free videos now >> Already a free Club EWI member? Access the video series "Learn the Why, What and How of Elliott Wave Analysis" now.

This article was syndicated by Elliott Wave International and was originally published under the headline (Video, 2:05 min.) The "Personality" of Stock Market Waves. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.