Loading...

Follow ECS: Elite CurrenSea | Forex and CFD Trading Sy.. on Feedspot

Continue with Google
Continue with Facebook
or

Valid

Dear Traders,

The GBP/NZD dropped towards the lower confluence zone that is also supported by historical levels of support and bounced. If 1.9260 holds, the uptrend will continue.

1.9270-1.9300 is the zone where we might expect the bounce. Targets are 1.9317, 1.9141 and 1.9360. If 1.9360 breaks, next target is 1.9400. However, bullish bounce also depends on the Brexit news. All GBP crosses are heavily dependent on Brexit developments and out of the blue news could easily spike the price up or down. However, the GBP/NZD has been more resilient than the GBP/USD, so we might see a bounce towards 1.9360 as the deeper retracement levels has already been reached.

The analysis has been done with the CAMMACD.MTF template.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

cammacd.MTF for €950

Top Performing cammacd sub-system + 3 months of ecs.LIVE

Order Now

The post GBP/NZD Bullish Bounce From the Lower POC Zone Targets 1.9360 appeared first on ECS: Elite CurrenSea.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Hi Traders,

the EUR/USD is testing the 61.8% Fib. A bullish reversal is likely if price manages to break above the 21 ema zone but the bears can keep control if price breaks below 1.1210 and 1.11. The GBP/USD has reached the target at 1.25 and needs a new corrective pattern.

Check out our summer special for ecsLIVE with over 500 euro in freebies!

If you think our videos, analysis and education help you become a better trader, then we would certainly appreciate your review on Forex Peace Army, thank you!
The EUR/USD needs to break above the 21 ema zone before a larger bullish move is likely. A bearish continuation is aiming for the 78.6% Fibonacci retracement level.

The GBP/USD is testing the support and bottom of the daily chart which is a key zone for a bullish reversal or larger downtrend.

Check out the video below for the full analysis and trade plans on 18-19 June 2019:

  • EUR/USD, GBP/USD technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potential trade ideas both up and down
  • Beginner friendly, explaining concepts in more detail
EUR/USD, GBP/USD video:

EUR/USD, GBP/USD Analysis & Setups 18-19 June '19 - YouTube

Good trading,

Chris Svorcik

3 Months of Free Signals

Trade with FXDD via ECS to Get Signals & Up to 50% Discounts.

Learn How to Apply

The post 🌟 EUR/USD, GBP/USD Analysis & Setups 18-19 June ’19 🌟 appeared first on ECS: Elite CurrenSea.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Hi traders,

the EUR/USD is making a bullish bounce at the 61.8% Fibonacci retracement level at 1.12. Will price continue with the bearish momentum or show a bullish reversal?

EUR/USD 4 hour

The EUR/USD break below the support trend line (blue) indicates that the bears remain in control and could start a drop towards the 78.6% and 88.6% Fibonacci levels of wave 2 vs 1. A larger downtrend, however, only is confirmed once price breaks and closes (on daily chart) below the critical 1.11 support. A break above the resistance trend line (red) indicates a bullish breakout and potentially the end of the wave 2 (pink) retracement.

1 hour 

The EUR/USD could either be building a bear flag continuation pattern or multiple waves 1-2 of a new uptrend. This will depend on whether price can break below the support (blue) or above the resistance (red) trend lines. This wave pattern outlook is indicating that a bearish ABC (purple) seems completed and hence the development a bullish reversal has an advantage over the bearish scenario.

For more daily wave analysis and updates, sign-up up to our ecs.LIVE channel.

Good trading, Chris Svorcik

Free Tools and Indicators

Trade with proprietary award-winning tools & indicators.

Download Now

The post 🔥 EUR/USD Bounces at 61.8% Fibonacci near 1.12 Support 🔥 appeared first on ECS: Elite CurrenSea.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Dear Traders,

Last week (10-14 June) saw the cammacd.MTF going above the limit on many markets that were not strictly related to Forex. Although results with our trading channel  group were positive at the end of the week, I had a situation where I was very fortunate, to say the least. So, what has happened?

Reality Check

If you’re not a little scared, then you’re not doing it right. Well, I might say exactly the opposite happened. As I researched into further testing of Super-Dots, I placed an EA (just for internal testing) that was based on CAMMACD.MTF 4.1.

The EA should have traded most Yen pairs and Equities during the Tokyo session with a volume of 1 standard lot. At least, that was what I was thinking. When I opened the platform later during the London Session, I saw the account went sky-high.


Source: MyFXBook

Before the spike, the account was around 22% in profits and I was aiming this week for approximately +30-35%. But I didn’t check the parameters of my Super-Dots correctly. Instead of 1 lot per trade, the EA went with 10 lots for each trade. Due to a positive correlation with Equities, the account exploded, making fantastic results and breaking the limits that no one expected.

Although I was happy, this was a mistake. Doing a reality check, I figured out the account could have EASILY gone to 0. Absolute zero. The point of no return.

Then again, I am very happy for CAMMACD. MTF Super-Dots as they were super accurate. They saved the day. They kept the account from an ordinary human error. I have been working so hard on this update with our coder Carlos and had many sleepless nights. Then, I wake up in the morning doing what I do my best, trading, analysis, managing ecs.LIVE group.

Mark Zuckerberg, the founder of Facebook, once said –

“The biggest risk is not taking any risk… In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”

I tend to agree, but this time, the risk was way too big.

It is crucial that we remember the infamous risk warning: “Trading using leverage carries a high degree of risk to your capital, and it is possible to lose more than your initial investment. Only speculate with money you can afford to lose”.

Determining your risk tolerance involves several different things. First, you need to know how much money you have to invest and what your investment and financial goals are.

For instance, if you aim to become financially independent in five to ten years, and you’ve not saved a single penny towards that end, then you need to have a high-risk tolerance because you will need to do some aggressive – risky – investing to reach your financial goals.

On the other hand, if for instance you are at the start of investing for your old days or your retirement, your risk tolerance can obviously be lower and less aggressive.

This time, I was fortunate, next time I guess I won’t be that lucky. But one thing is for sure – I will keep trading Super-Dots with higher risk limit than my other “normal” trades.

And yeah – the Super-Dots will be included into CAMMACD counter-trend lessons soon.

The Summer has Already Started

Although it is the middle of June, here where I live, the summer has already started. The volatility is the same (lack of volatility) as it has been for the last 4 months, so nothing has changed. Market conditions are more stringent than ever, but we are managing to battle with it.

Summer days can be warm or even hot with temperatures exceeding 30⁰. Trading allows you to be flexible and enjoy the day by:

  • taking your laptop with you to the pool, lake, or sea; or
  • trading during the times you are home, like mornings or evenings.

Trading with ecs.LIVE allows you to directly improve your own skills in analysis, trading psychology, and risk management. Not just that, but you also learn the special techniques for ecs.CAMMACD and ecs.SWAT systems.

The time spent on learning, testing, and trading is time well-spent and will always contribute to your personal development. This allows you to challenge yourself and improve each step of the way. In return, you might get even more pips than myself.

One thing is certain. I will be there for the rest of the summer, trading and enjoying the beautiful summer sun.

And if you are interested in joining us at ecs.LIVE, then check out our special summer offer that is valid till Friday 21 June at 11:59pm EST and get euro 500+ in extra freebies like extra ecs.LIVE months, the ecs.CAMARILLA indicator, and the cammacd.LOA systems.

Cheers and safe trading,
Nenad

cammacd.MTF for €950

Top Performing cammacd sub-system + 3 months of ecs.LIVE

Order Now

The post Trade Journal: No Risk No Story appeared first on ECS: Elite CurrenSea.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Dear Traders,

The EUR/USD has hit the strong support at 1.1201 and bounced, making a retracement pattern. We can spot two POC zones.–>
The first POC zone is 1.1230-40. It is slightly below the W L3 camarilla pivot which serves as resistance. If the W L3 breaks the price might go to 1.1260-70, the second POC zone. Both POCs could reject the price towards next levels of support. Targets are 1.1215, 1.1201 and 1.1170 if 1.1201 breaks. However, if the price makes a 1h or 4h close above 1.1287, the trend will change and bears will lose the steam.

The analysis has been done with the CAMMACD.MTF template.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

cammacd.MTF for €950

Top Performing cammacd sub-system + 3 months of ecs.LIVE

Order Now

The post EUR/USD Bearish Trend Should Continue After Retracement appeared first on ECS: Elite CurrenSea.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Hi traders,

the EUR/JPY made a bullish reversal at the deep 78.6% Fibonacci retracement level. Could this be the start of a new uptrend for an impulsive wave 3?

Join ecs.LIVE – our premium channel with live webinars, analysis, and setups – with our special summer offer this week till Friday 21 June 11:59pm EST and get more than 500 euro in extra freebies!

EUR/JPY Daily

The EUR/JPY needs a break above the resistance trend line (dark red) to confirm the bullish reversal whereas a break below the bottom (blue box) and 100% Fibonacci level invalidates the current wave 1-2 pattern (pink). For a larger uptrend to be confirmed, price needs to break above the other resistance lines (red).

4 hour

The EUR/JPY seems to have completed 5 waves up (blue) within a bullish channel. The break below the support (blue) of the channel could indicate a bearish retracement and possible wave 2 (purple) pattern as long as price stays above the 100% Fib of wave 2 vs 1. A breakout above the resistance (red) line is likely to end the wave 2 correction and could start an impulsive wave 3 (purple) pattern towards the Fibonacci levels of wave 3 vs 1.

For more daily wave analysis and updates, sign-up up to our ecs.LIVE channel.

Good trading,
Chris Svorcik
Elite CurrenSea

3 Months of Free Signals

Trade with XM via ECS to Get Signals & Up to 25% Discounts.

Learn How to Apply

The post 🔵 EUR/JPY Bearish Pullback Testing 61.8% Fibonacci Support 🔵 appeared first on ECS: Elite CurrenSea.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Dear traders,

Welcome to the significant CAMMACD update! Exciting times have arrived as all CAMMACD traders can enjoy the newest MTF 4.1 version. This will be the last update for a while as the cammacd.MTF has fully reached its pinnacle.

After 240h of thorough backtesting, we added many new and exciting features and removed all bugs. With the help of our friend and trader Mr.Carlos Cordero, the new ecs.Oscillator has been coded and many new features have been added.

What is CAMMACD.MTF All About

The new features include:

  • Added Fully Custom Made Filter for OBOS
  • Removed Averages MACD
  • Re-Entry Dot Added
  • Super Dot Added
  • Removed All Bugs
  • ecs.Oscillator Offers Custom OBOS Levels
  • More Than 240h Invested in Coding
  • New 4.1 Dashboard
  • Full Alerts
  • The CAMMACD catches extreme price swings in a very unique manner

In trading, we always want to buy low and sell high. With the ecs.Oscillator and ecs.MACD indicators it has never been better, even in these hard market conditions. When we define the zone, we just need to wait for the signal and the rules to align and pull the trigger.

How? It is easily explained in the cammacd.MTF course and the video. The CAMMACD is entirely suitable for Intraday and Momentum traders. Around 240h have been invested into the ecs.Oscillator and Arrows indicators coding along with the new dashboard. Most traders are just confused and lost in the ‘noise’, but CAMMACD removes that confusion (‘noise’) and offers a clear plan and signals. In fact, we are not the only ones… Many of the big institutional traders also purchased CAMMACD from us.

We recommend the CAMMACD for every type of trader – regardless of style, time frame, approach or system you are using now. With this method, your plan will be apparent, consistent, and duplicable.

Now that cammacd.MTF is fully up-to-date, my next goal is setup CAMMACD counter trend trading module that will use the ecs.Oscillator for sure!

Why the Update If It’s So Good?

The market changes all the time, so we must change with the market. The movement and behaviour of financial instruments, including currency pairs, depend primarily on the macro environment at the time.

The players involved keep changing their behaviour according to the broader economic climate. Whether a currency pair is reacting to a news release, a technical level, or manipulation, the nature and severity of its price reaction depends on many things, such as inflationary cycles, bull/bear market conditions in equities, and global macro themes. Because of that, a lot of perfectly fine technical trading systems suddenly stopped working, and their creators probably still don’t know why.
Simply put, markets are much different in 2019 than they were a few years ago. The ATR is much lower meaning that the markets are less volatile, and there is a lack of momentum. For almost all pairs the ATR has been halved. For example, the GBP/JPY is currently at 70 pips. ‘It’s nearly 50 % down from the usual GBP/JPY volatility.

Source: CAMMACD.MTF 4.1

It means that the market is not giving us as many pips as a year or two ago. We need to adapt to current market conditions that are usually in the form of ranging consolidation-breakout.  So if the market is willing to provide 70 pips from top to bottom, we should be happy if we take 30 pips in a single trade. With the cammacd.MTF update, we solved a piece of the problem.

We accept only trades that have been confirmed by multiple filtering. We also added a super-dot entry that allows us to go with more significant risk due to extreme accuracy. At this point, the MTF is suitable for both low volatile and highly volatile markets.

Momentum and the ATR

We traders usually say that the price frequently lies, but momentum generally speaks the truth. The faster the price increase, the higher the increase in momentum. The quicker the price decrease, the more substantial decline in momentum. For me, momentum is significant as it tends to propel the price directly in profits, provided that we have picked a clear and accurate entry. If the entry is bad, your position might be in a loss.

However, the worst trades are made when the market is stuck in a range, and it only goes nowhere. Novice traders are usually caught in those rangy market moves, and they tend to quickly revenge their trades, thinking that the market changes the direction when it stays effective in the range.
In terms of intraday trading, this can be devastating. The lack of patience, especially for new traders, is a sure sign to lose money. The good news is that you can avoid that.

For intraday trading, we need to pick up markets with good momentum and big ATR. Unfortunately, markets in 2019 are much harder to trade due to the lack of momentum and low ATR.

The ATR value is crucial to a trader as volatility increases, so will a charts ATR value. If volatility declines, and the difference between the markets’ highs and lows decreases, the ATR will drop, too. We have our ecs.ATR indicator (article) that is one of the best tools for intraday trading and you can buy it in our ECS shop.

(The ATR  is a volatility indicator developed by J. Welles Wilder. The primary function of the ATR indicator is to gauge the distance between the previous highs and lows, for a given number of periods. The ATR is displayed with a decimal to indicate the number of pips between the highs and lows. But it can also be shown as digits… as I use it for our webinars and analyses.)

Super-Dot

A Super-Dot happens when the algorithm in our system detects a few variables that are confirmed by ecs.MACD and ecs.Oscillator. The code is running in the background, and traders see the signal as it is shown in a few examples below.

Source: CAMMACD.MTF 4.1

Because the Super-Dots are strong signals, we do it with a slightly higher risk per trade (2-3%).

Trust Your System

You have to trust your trading system. When you start trading with real money, and just after only a couple of losing trades, you might start questioning your system’s usability. You have to trust your set-up, you have to trust your money management, and you have to trust your exit strategy. If you don’t, you’re likely to change your system before it has a chance to prove itself. Will you believe it? It depends on yourself.

I fully trust CAMMACD as I have created it, and I also trade it. You can always check our performance via myfxbook. But again, it’s much harder than it was a few years ago. With the MTF 4.1, I definitely have high hopes for the bright future of FX trading.

Cheers and safe trading,
Nenad

cammacd.MTF for €950

Top Performing cammacd sub-system + 3 months of ecs.LIVE

Order Now

The post cammacd.MTF Version 4.1 is Completed and Live appeared first on ECS: Elite CurrenSea.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Hi Traders,

the EUR/USD is moving lower but the wave structure seems to favour a larger bullish wave C unless price clearly breaks below the double bottom and support at 1.11. The GBP/USD is back in the downtrend after a head and shoulders reversal chart pattern and break below the 21 ema zone.

Check out our summer special for ecsLIVE with over 500 euro in freebies!

If you think our videos, analysis and education help you become a better trader, then we would certainly appreciate your review on Forex Peace Army, thank you!
The EUR/USD bullish wave C would likely complete a bearish wave B at around 1.15, which could restart again a new downtrend on the EUR/USD unless price breaks below the 1.11

The GBP/USD downtrend needs to break below the 1.26 support which would then aim at the previous bottom at 1.25.

Check out the video below for the full analysis and trade plans on 16-17 June 2019:

  • EUR/USD, GBP/USD technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potential trade ideas both up and down
  • Beginner friendly, explaining concepts in more detail
EUR/USD, GBP/USD video:

EUR/USD, GBP/USD Analysis & Setups 16-17 June '19 - YouTube

Good trading,

Chris Svorcik

3 Months of Free Signals

Trade with FXDD via ECS to Get Signals & Up to 50% Discounts.

Learn How to Apply

The post ✅ EUR/USD, GBP/USD Analysis & Setups 16-17 June ’19 ✅ appeared first on ECS: Elite CurrenSea.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Dear Traders,

Elite CurrenSea (ECS) has completed its free 2 week trial to ecs.LIVE, which is its premium service offering live trading setups, analysis, and webinars.

The last 2 weeks offered some interesting and even dramatic moments. As you will see later on in this article, trading the markets is hardly ever a dull exercise and June has certainly confirmed.

With the trial behind us, our ECS website is now offering a special package (same price but more value) for the summer with up to 515 euro as freebies and extras!

The offer is valid till Friday 21 June at 23:59 EST (New York time zone), which is the official start of the summer so you are ready for summer-time trading (for the Northern Hemisphere). Read more about the free trial and the special offer in this article, which explains 8 crucial questions.

1. First of all, what freebies are you talking about?

We know that summer time trading can be rough and tough, which is why gaining extra support from Nenad Kerkez and Chris Svorcik could be the right step for you…

The ecs.LIVE service usually costs 295 euro for 3 months access and 499 euro for 6 months access. The summer offer, however, adds 218 euro and 515 euro of extra value for the same price. Here is what you get:

  • 6+2 month package – pay 499 euro to get 1,014 euro in value:
    • Usual 6 months access to ecs.LIVE webinars, analysis, trade setups.
    • Benefits:
      • Extra 2 months access to ecs.LIVE – free 218 euro.
      • Extra cammacd.LOA course and EA – free 297 euro.
    • Receive a total of 515 euro in freebies, which means you pay only 62,38 euro / month + get cammacd.LOA (297euro) for free.

Join us before 21 June 23:59 (11:59pm) to get the 6+2M benefits!

  • 3+1 month package + camarilla-pro – pay 295 euro to get 513 euro in value:
    • Usual 3 months access to ecs.LIVE webinars, analysis, trade setups.
    • Benefits:
      • Extra 1 month access to ecs.LIVE – free 109 euro.
      • Extra ecs.CAMARILLA-pro indicator – free 109 euro.
    • Receive a total of 218 euro in freebies which means you pay only 73,75 euro / month + get ecs.CAMARILLO-pro (109e) for free.

Join us before 21 June 23:59 (11:59pm) to get the 3+1M benefits!

Who qualifies for the benefits?

Everyone who joins before June 21, 2019 at 11:59pm EST. This special package is valid for all:

  1. Traders who joined the free trial.
  2. Traders who missed the free trial.
  3. Traders who already have running subscriptions.

How can I order the package and how do I get access to the benefits?

The process is done via these 3 simple steps:

  1. Setup a profile with Elite CurrenSea.
  2. Choose the package of your choice:
    1. 6+2 month 8 months ecs.LIVE and extra cammacd.LOA EA
    2. 3+1 month: 4 months ecs.LIVE and extra ecs.CAMARILLO-pro indicator
  3. Complete the order with the regular price of 499 euro for 6 months (click on the price which is a link) and 295 euro for 3 months.

The offer is valid if you join before Friday June 21 at 11:59pm EST.

You will get the extra benefits automatically. Nothing else is needed. Just complete the payment for the usual package and you will get the benefits (just join before Friday June 21 11:59pm).

2. Why did you offer a 2 week free trial?

Two weeks is way too short of a time frame to accurately assess anyone’s trading, which is one of the main reasons why we have never offered a free trial since we started ecs.LIVE more than 1.5 years ago in October 2017.

In reality you probably need 3-6 months to make any proper judgement but we offered the 2 week free trial anyhow, because we wanted to show traders the flow of the ecs.LIVE service and the energy which the entire ECS team invests in it.

The ecs.LIVE service is not only about trading setups, although we do indeed offer our trade setups in the Telegram channel. It is about teaching traders to fish themselves by showing how we trade with our own systems (CAMMACD and SWAT).

That is why ecs.LIVE includes a long list of valuable information:

  1. ecs.CAMMACD setups
  2. ecs.SWAT setups
  3. Live analysis
  4. Live webinars
  5. ecs.LIVE course explaining ecs.LIVE
  6. ecs.LIVE course with extra education
  7. Bonus trading webinars
  8. Bonus educational webinars
  9. Extra educational resources

Join us before 21 June 23:59 (11:59pm) to get the 6+2M benefits!3. What were the biggest events during the trial?

The top 4 events were the following:

  1. cammacd.MTF problems with version 4.0 but a quick rebound to version 4.1.
  2. ecs.SWAT restarts sending 4 hour trade setups.
  3. >ecs.LIVE is based on both ecs.SWAT and ecs.CAMMACD approaches, which is what we want to clearly explain to traders.
  4. The twee trial results.

cammacd.MTF

Our two week trial actually started off on a bad foot note. The cammacd.MTF upgrade from version 3.3 to 4.0 had undetected bugs and errors, which lead to an unusual series of  8 losses in 10 trades. This was very unusual for MTF, which is why and when Nenad discovered the bugs.

Together with programmer and ecs.LIVE member Carlos, they managed to solve the issues quickly and resolutely. The new 4.1 version was bug free and has performed much better ever since with 12 wins and 9 losses in 7 trading days (as of Thursday 13 June 9am GMT) for a total of +2.16%.

Nenad said that the start was very unfortunate: “after working 240+ hours on testing improvements, your head starts to spin and we just simply missed the errors. Luckily we managed to do damage control very quickly after a few days. I just hope that the trial members can look beyond those few setups that were based on errors and see the value that ecs.LIVE offers.”

ecs.SWAT

The ecs.SWAT system is being upgraded and the ECS team is working hard on multiple fronts. The new upgrades will soon include a new ecs.SWAT book, course, strategies, indicators, and tools. All of this will be launched in the second half of 2019. In the meantime though, new 4 hour setups will be again sent to the ecs.LIVE channel.

Chris managed to catch USD/JPY, GBP/USD, and EUR/AUD setups. Two trades (UJ and EA) were still open at the end of the week whereas the GBP/USD closed for a nice win of +66 pips with reward to risk ratio of 1.35 : 1. The breakout was part of a bear flag chart pattern, followed by a head and shoulders pattern. The SWAT uses a clear method for adding a second position when possible and the GBP/USD was a candidate for a 2nd trade setup but price failed to break below the Wizz level and therefore did not qualify. The first one nicely hit the target before the weekend (see image below).

Unfortunately we missed the first two EUR/NZD breakout setups (+160 & +120 pips) which both closed for wins. The first breakout was risky and I skipped it because I knew that ecs.CAMMACD method was bearish on the currency pair. The 2nd setup I missed because it happened in my evening and I was not able to monitor the charts. Other setups that were missed were EUR/JPY short for +32 pips (during the nite), AUD/USD short for +16 pips (too low r:r ratio), and a GBP/JPY short which is open and up 70 pips. We skipped this one as its possibly over extended but more testing still needs to be completed on the GBP pairs as price can move much further than other pairs.

Chris is excited to be back in ecs.LIVE besides sending his wave analysis: “ecs.SWAT is going through exciting changes and updates. I just can’t wait to finish the entire project. I think that traders will be more than impressed. Of course, current SWAT subscribers will get all of these benefits in the next few months. The current 4 hour setups are expected to have a win rate of 60% and loss rate of 40% with 1.5 reward to risk ratio average.”

How do members deal with conflicting analysis in ecs.LIVE?

The ecs.LIVE channel is currently a combination of two different traders with two unique styles. Nenad Kerkez, aka Tarantula FX, is trading with his ecs.CAMMACD method, which is focused on bands, the ecs.Camarilla Pivot Point indicator, the ecs.MACD, ecs.ATR and more. Chris Svorcik is trading ecs.SWAT method, which is based on moving averages, fractals, Fibonacci, and patterns.

The ecs.CAMMACD and ecs.SWAT systems are often aligned but not always because they are independent styles and hence it is possible that they can offer opposite information. Therefore, we made an internal rule to avoid opposite trade setups.

We also do our best to avoid conflicting ideas but this is not always possible as we trade with independent systems and analysis which is not mixed. Hence, it can sometimes occur that we send analysis that is not fully aligned. In that case, it is up to the trader to make a final call. If you are not sure, then as a standard solution it is best to skip that particular currency pair or instrument.

The question arose after a member was confused by the bullish analysis done by Chris but the bearish short setup taken by Nenad. Sometimes this can happen indeed but do keep in mind that this breakout trade was only triggered after the short setup from Nenad turned for a loss.

The trial results

The first week unfortunately close for a small loss of -2.29% with 7 wins and 10 losses, which is mainly explained due to the errors in the cammacd.MTF 4.0 version. Luckily that was soon solved, which allowed the ecs.CAMMACD results to recover from a temporary drawdown of -5.03% by gaining 2.74% and closing -2.29% in the red.

Although the first week ended up in red territory (-2.29%) after version 4.0 created a drawdown (-5.03%), Nenad was able to stop the drawdown and make some profit with version 4.1 later in the week (+2.74%).

The second week unfortunately only ended up for a small win of +0.09%. Nenad’s CAMMACD had a nice counter-trend win on Friday on the AUD/CAD whereas the first SWAT trade made a nice gain of 66 pips and 1.35 r:r. Unfortunately only one setup qualified as the GBB/USD failed to confirm a second entry. A break even week can sometimes happen but in the long-term you will see that ecs.LIVE is clearly in positive territory (see next question number 4).

Join us before 21 June 23:59 (11:59pm) to get the 6+2M benefits!

4. What are the long-term stats and results of ecs.LIVE?

We ask traders not to judge ecs.LIVE only on the results during the 2 week trial but also to keep in mind the long-term track record and the value of our translating theory in practice education style and philosophy.

We keep track of our own stats (updated till June 7) because myfxbook offers some challenges in the long run. Account withdrawals and deposits can change the outlook of the stats and also trading different instruments (like Gold) can too. Do not worry about the accuracy of our stats because the results are rigorously checked by our 100+ group of traders that do not let any potential error slip by without letting us know!

Of course, it’s important to keep in mind that the results can vary from week to week and month to month:

  • Out of 21 periods with 4 weeks, we only had 3 that were negative (14%) and 18 were positive (86%). (The negatives ones were -0.11%, -0.2%, and -3.7%).
  • Out of 84 weeks of trading, we only had 15 negative weeks (18%) and 69 were positive weeks (82%).

Ever since the beginning of ecs.LIVE, most weekly and monthly results have been showing clear positive results. Of course, there are some exceptions and the 2019 trading year has been particularly tough to trade due to the extreme low price volatility.

We want to stress the importance of understanding the long-term results and benefits. Unfortunately traders tend to expect miracles and 50 wins in a row. We can tell your right now that we cannot deliver such results. If you are looking for a place where you can make 100% wins, then ECS is not for you (keep in mind that the goal is very questionable too, it’s better to aim for a balanced win rate with good reward to risk). We only focus on serious trading without over-trading and by doing that, we have about a 66% average win record and 34% losses with a reward to risk ratio of 1.22:1.

We also have a live track record with MyFXbook.
Join us before 21 June 23:59 (11:59pm) to get the 6+2M benefits!

5. Sounds good, but what is ecs.LIVE?

Simply said, the ecs.LIVE service is your daily support in tackling the markets. Our main focus is offering practical help, not theoretical ideas, about how traders can tackle the markets. We show our own live trading setups, including our exact levels for entry, stop loss and take profit.

The ecs.LIVE service is a Telegram channel, which has started in October 2017 and has been very successful and popular with Forex traders.

The goals of ecs.LIVE are based on three pillars:

  1. Live trading signals.
    We show traders how to tackle live trading with our ECS systems (CAMMACD, SWAT) by providing live examples of our trading setups.
    • This includes our entries, entry zone, stop loss, take profit, trade management, trail stop losses, earlier exits, change in take profits, etc.
  2. Live analysis and webinars.
    We show traders how to analyse the Forex and CFD markets with more clarity by offering trading ideas, analysis, and live webinars that intensively explain the market in detail.
    • This includes daily wave analysis on 4 currency pairs, technical analysis of 2 other pairs, 4 live webinars per week, forecasted highs and lows of the Forex market, and an overview of the candlestick patterns.
  3. Trading education.
    We show traders how to become better traders by providing top-notch education as well. This includes:
    • The ecs.LIVE course with 25 videos that explains the ecs.LIVE service and the basics of charting and understanding technical analysis.
    • Bonus educational webinars a few times per month.
    • Live explanations how to deal with trading psychology and live fundamental aspects.

Join us before 21 June 23:59 (11:59pm) to get the 6+2M benefits!

6. What do I receive with ecs.LIVE?

A 2 week entry pass to our “home of traders” with multiple updates per day and at least 6 days per week. The ecs.LIVE service consists of 3 parts:

  1. Telegram: the main service is provided via our Telegram channel.
    • All the setups, links and information is sent via this group channel.
  2. Webinars: we also use a webinar software for our live events, which take place at least 4x a week.
    • The links are sent via the Telegram channel so you are up-to-date.
  3. Website: we have a member’s area on our website.
    • Our live analysis is added here.
    • Our educational course with 25 videos can also be seen here.
    • The links are sent via the Telegram channel so you are up-to-date.
7. Isn’t summer time trading too slow?

Although the Forex market does indeed tend to slow down, it usually only becomes less volatile in August and specifically in the middle of August. However, this also depends from year to year and sometimes markets can make decent price movements even in August.

There are a couple of reasons why joining ecs.LIVE during the summer makes good sense:

  1. There are still plenty of normal trading weeks to be expected in June and July.
  2. We will show how traders can find the best trading ideas, even in the month of August. This way you can get more tips on how to stay out of bad trades during lower volatility.
  3. Building up experience and education is always best when you are full of energy and the summer time (at least for the northern hemisphere) is good moment for that.

Join us before 21 June 23:59 (11:59pm) to get the 6+2M benefits!

8. What can I expect from ecs.LIVE?

We cannot guarantee winning trades because nobody can. We do however offer real life, brutal truth, and full exposure to our live trading setups, analysis, and webinars.

Our goal is to show traders how we translate theory into practice – during both good and bad times. Here is what you can expect:

  • On average we trade about 13x setups per week but this number of course swings up and down depending on the market circumstances.
  • The trades are mostly done in the Forex market and are usually open during the day and are sometimes kept overnight.
  • We also send information about how we manage the setups.
  • Most of the trades are done in the London and New York trading sessions.

The results that you can expect are unknown. First of all, the results achieved in the past do not give any guarantee about the future results. Second of all, it depends on which trade setups you manage to trade, which ones you miss, which traders you trade yourself etc. Thirdly, risk management is critical and key for any trader. Anyone who does not control their risk will never be able to make profits in the long run. Fourthly, it depends on your experience and how comfortable you feel when trading from a trading psychology point of view.

The best approach for traders is to use ecs.LIVE as a source of education, learning, trade inspiration, and a practical connection from theory to practice. Also, you can discover the various ecs.CAMMACD systems and the ecs.SWAT method so that you can perhaps discover which style suits you most. The number one experience that we want to provide is that you learn from our ideas, decisions, and analysis so you grow as a trader.

If you do not believe our word, then feel free to check out the 48 reviews on Forex Peace Army where we have an excellent 4.98 average star rating out of a possible 5.

Here below is an image with one of our followers who explains the value of ecs.LIVE in his own words.

The idea length that traders join ecs.LIVE depends on your experience level:

  • Traders with 0-2 years experience: best to be a member for 1-2 full years if possible.
  • Traders with 2-5 years experience: best to be a member for at least 6-12 months.
  • Traders with 5+ years experience: best to be a member for at least 3-6 months.

Of course, whether you stay a member is up to you. Even 1 month of learning and live trading experience is better than nothing, which is why we have flexible membership plans when you decide to join ecs.LIVE after the 2 week free trial:

The ecs.LIVE service usually costs 295 euro for 3 months access and 499 euro for 6 months access. The summer offer, however, adds 218 euro and 515 euro of extra value for the same price. Here is what you get:

  • 6+2 month package – pay 499 euro to get 1,014 euro in value:
    • Usual 6 months access to ecs.LIVE webinars, analysis, trade setups.
    • Benefits:
      • Extra 2 months access to ecs.LIVE – free 218 euro.
      • Extra cammacd.LOA course and EA – free 297 euro.
    • Receive a total of 515 euro in freebies, which means you pay only 62,38 euro / month + get cammacd.LOA (297euro) for free.

Join us before 21 June 23:59 (11:59pm) to get the 6+2M benefits!

  • 3+1 month package – pay 295 euro to get 513 euro in value:
    • Usual 3 months access to ecs.LIVE webinars, analysis, trade setups.
    • Benefits:
      • Extra 1 month access to ecs.LIVE – free 109 euro.
      • Extra ecs.CAMARILLA-pro indicator – free 109 euro
    • Receive a total of 218 euro in freebies which means you pay only 73,75 euro / month + get ecs.CAMARILLO-pro (109e) for free.

Join us before 21 June 23:59 (11:59pm) to get the 3+1M benefits!

This special package is valid for everyone, including traders:

  1. Who joined the free trial.
  2. Who missed the free trial.
  3. Who already have running subscriptions.(The extra months will be postpone your end date)

We hope that you will find your new trading home with us!

Join us before 21 June 23:59 (11:59pm) to get the benefits!

Cheers and safe trading,
Chris, Nenad, and the entire ECS team

Free Tools and Indicators

Trade with propriatory..

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Dear Traders,

The AUD/USD has dropped to historical support levels zone 0.6890-0.6903. It needs a healthy retracement to the upside.

0.6880 is the last chance for any bullish retracement on intraday timeframes. Unless it gets broken to the downside, bulls might try to get the price to the POC zone 0.6930-40 and 0.6660 if the bullish momentum persists and short traders close their trades. The interim range is 0.6890-0.6840. The price might reject from 0.6840 towards 0.6890 again if we see a retracement. If 0.6660 is reached then we might see a trend reversal and uptrend will start.

The analysis has been done with the CAMMACD.MTF template.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

cammacd.MTF for €950

Top Performing cammacd sub-system + 3 months of ecs.LIVE

Order Now

The post AUD/USD Is Supported at Daily Historical Levels and Needs a Retracement appeared first on ECS: Elite CurrenSea.

Read Full Article

Read for later

Articles marked as Favorite are saved for later viewing.
close
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Separate tags by commas
To access this feature, please upgrade your account.
Start your free month
Free Preview