Volume analysis – The Key to the Truth

[Petar Jacimovic]

Hello traders,
On the request of readers, I will include Elliot Wave counting together with volume analysis to find best opportunities on the market. I am starting with my USD/CAD short at 1.3051. USD/CAD started major re-selling from long-term investors. In 15M time frame, I found interesting development and I expect good selling opportunities on this currency pair this week.

Strong supply entered the market in a heavy volume from the top. USD/CAD is in progress to form first 5 wave counting, which will confirm changing in trend dynamic from bullish to bearish. My SL is at 1.3080 and target zone at 1.2970-1.2940-1.2915.

Best Regards,
Petar

 

[Petar Jacimovic]

Hello traders,
On the request of readers, I will include Elliot Wave counting together with volume analysis to find best opportunities on the market. I am starting with my USD/CAD short at 1.3051. USD/CAD started major re-selling from long-term investors. In 15M time frame, I found interesting development and I expect good selling opportunities on this currency pair this week.

Strong supply entered the market in a heavy volume from the top. USD/CAD is in progress to form first 5 wave counting, which will confirm changing in trend dynamic from bullish to bearish. My SL is at 1.3080 and target zone at 1.2970-1.2940-1.2915.

Best Regards,
Petar

Added selling position at 1.3075 with SL around 1.3100. This is final try to catch potential 120 pips. Seems like that USD/CAD got power for ZigZag correction before we continue lower. Lets see

 

[Petar Jacimovic]

I added one buying position on EUR/NZD at the price of 1.5475 and I started to buy USD/CAD at 1.3042 with SL at 1.2995. I found Finalized ZigZag correction in the background and 5 waves counting upward, which is a good sign of strength. The price got power to go all the way near the low at 1.3004 but then the buyers came in. I am trying to catch a potential third wave with a target at 1.3230 (RRR is 1:5).

 

[Petar Jacimovic]

I added one buying position on EUR/NZD at the price of 1.5475 and I started to buy USD/CAD at 1.3042 with SL at 1.2995. I found Finalized ZigZag correction in the background and 5 waves counting upward, which is a good sign of strength. The price got power to go all the way near the low at 1.3004 but then the buyers came in. I am trying to catch a potential third wave with a target at 1.3230 (RRR is 1:5).

Closed the USD/CAD position on breakeven and started to buy GBP/USD at the price of 1.3130. Risk on GBP/USD is about 100 pips and i am going for target at 1.3660.

Still holding EUR/NZD buying from 1.5475 with target at 1.6180

Best Regards,
Petar

 

[Petar Jacimovic]

Interesting wave count on AUD/NZD 30M time frame. Target around 1.0685. I am trying to catch the fifth wave. Found also nice channel and climax there.

 

[Petar Jacimovic]

Hello everyone,
Here is my update for positions on the market. I am bullish on EUR/NZD from 1.5485 and 1.5545 with a target at 1.3660 and 1.3975 (trying to catch wave 3 or wave C). SL on EUR/NZD is at 1.5385. I got AUD/NZD buying from 1.0620 and target at 1.0740, SL is moved on breakeven.
I got GBP/USD buying from 1.3180 and I added one buying at 1.3040 with SL at 1.2920. Target are set at the price of 1.3660 and 1.3840. I am trying to catch potential C point or wave 3. SL is below 78.6%. I added today position due to the massive climax after the news.

I am planning to buy EUR/USD next week but will watch price action closely.

 

[Petar Jacimovic]

Interesting wave count on AUD/NZD 30M time frame. Target around 1.0685. I am trying to catch the fifth wave. Found also nice channel and climax there.

Target met in the pip Took 1:4 RRR on this one .

 

[Petar Jacimovic]

Hello traders,
I want to update you about my new positions. I took buy on EUR/USD at the price of 1.1080 with SL at 1.0995 and target minimum at 1.3265. I found end of potential B leg or second leg. Strong Fibonacci ratio there and also time analysis and volume analysis confirmed my view. I also sold AUD/NZD since there is finished 5 wave structure and I expect correction at least 120 pips. My risk is 30 pips.

OF course, still holding GBP/USD buying and EUR/NZD buying

 

[Petar Jacimovic]

Hello traders,
I want to update you about my new positions. I took buy on EUR/USD at the price of 1.1080 with SL at 1.0995 and target minimum at 1.3265. I found end of potential B leg or second leg. Strong Fibonacci ratio there and also time analysis and volume analysis confirmed my view. I also sold AUD/NZD since there is finished 5 wave structure and I expect correction at least 120 pips. My risk is 30 pips.

OF course, still holding GBP/USD buying and EUR/NZD buying

Nice progress on EUR/USD +100 pips currently and SL is placed on breakeven. Also, AUR/NZD selling SL is placed on breakeven. GBP/USD also reacted higher and I got 2 positions there. EUR/NZD still struggling but I expect today after the cash rate the strong demand. We will see...

 

[Petar Jacimovic]

Towards the news for NZD

NZD/USD finished the fifth wave before the news, hm, smart money looking to weaken the NZD. What is also interesting, this fifth wave potential ending is also C point in major zig zag ABC (5-3-5). It will be interesting to watch

 

[Petar Jacimovic]

Hello everyone,
I found interesting developing on AUD/NZD. This currency is behaving exactly like my projection. Anyway, I found there 5 wave structure in the background 15M time frame. After the clean 5 wave structure, there is very decent zig zag correction (ABC) and strong Fibonacci ratios near the level of 1.0620-1.0610. I am trying to catch the third wave on a smaller degree but that is also the potential third wave of a higher degree. SL is 35 pips and minimum target is set at the price of 1.0785. (RRR 1:3 minimum)

 

[Petar Jacimovic]

Hello everyone,
I found interesting developing on AUD/NZD. This currency is behaving exactly like my projection. Anyway, I found there 5 wave structure in the background 15M time frame. After the clean 5 wave structure, there is very decent zig zag correction (ABC) and strong Fibonacci ratios near the level of 1.0620-1.0610. I am trying to catch the third wave on a smaller degree but that is also the potential third wave of a higher degree. SL is 35 pips and minimum target is set at the price of 1.0785. (RRR 1:3 minimum)

Got stopped out on this one.
Anyway, I took USD/JPY sell at the price of 100.27. Strong downward trend in the background, I found potential ending of bullish corrective phase (Irregular correction ABC ) and there is a nice up-thrust in a high volume on M5. Risk is only 15 pips with spread and I will try to take 1:3 RRR.

Petar

 

[Petar Jacimovic]

Got stopped out on this one.
Anyway, I took USD/JPY sell at the price of 100.27. Strong downward trend in the background, I found potential ending of bullish corrective phase (Irregular correction ABC ) and there is a nice up-thrust in a high volume on M5. Risk is only 15 pips with spread and I will try to take 1:3 RRR.

Petar

So far good progress and already secured on breakeven. Current plus is 25 pips

 

[Petar Jacimovic]

So far good progress and already secured on breakeven. Current plus is 25 pips

Closed +50 pips (1:3 RRR). We will have news in 20 minutes and I don't want to chase the market on the news. Its better to close in very decent RRR 1:3. This is the example of combination Volume analysis and Elliot wave analysis together with trend in the place. Perfect example.

 

[Petar Jacimovic]

Good morning traders,
Today, the most interesting currency pair for me to trade is AUD/USD. I found the strong downward trend in the background and potential end of Irregular ABC flat formation. In terms of VSA aspect, there are few up-thrust bars which confirming weakness on the market.

SL is about 15 pips and I am going for at least 1:3 RRR.
0.7608 is final objective but will follow progress and manage positions according to the price action.

 

[Petar Jacimovic]

Good morning traders,
Today, the most interesting currency pair for me to trade is AUD/USD. I found the strong downward trend in the background and potential end of Irregular ABC flat formation. In terms of VSA aspect, there are few up-thrust bars which confirming weakness on the market.

SL is about 15 pips and I am going for at least 1:3 RRR.
0.7608 is final objective but will follow progress and manage positions according to the price action.

Nice progress

 

[Petar Jacimovic]

Nice progress

Closed +30 pips

 

[Petar Jacimovic]

Some very nice positions are in progress on my major account.
Will start with USD/CAD and strong re-distribution and climax after the news today. Clean example of how to combine VSA, Wyckoff analysis, Elliot wave analysis and Fibonacci ratios.

 

[Petar Jacimovic]

USD/JPY >

I secured USD/JPY on breakeven but it is still the good entry. There is potential end of major ABC corrective phase, Fibonacci expansion 100%, climax after the news, which is clear signs of distribution on smaller degree. Another clean exmaple of method I am using and how to combine different techniques in one powerful.
Attached Image (click to enlarge)

 

[Petar Jacimovic]

Hello traders,
I found interesting volume price action on GBP/USD and EUR/USD. I am bullish on both currency pairs. Lets talk about GBP/USD first.
I found stopping volume according to the 1H time frame, and after the stopping volume bar I found narrow spread of the bar in very high volume (clear sign for strength). I bought at 1.3135 with SL of 20 pips and TP at least 80 pips.
Attached Image (click to enlarge)