Latest Elliott Wave Signal Update Progress :-

Latest AUD/USD Elliott Wave signal - Sell Stop at 0.8650
Stop loss= 0.8700 area.
Target profit = 0.8550 area
Position=Pending Sell Stop
Additional Strategy = Ride the c wave for the rest of corrective wave down.Move stop to break-even or few pips below entry when market move below 50 points below entry.

Latest EUR/USD Elliott Wave signal - Sell stop triggered at 1.4745 area.
Stop Loss= 1.4835 area.
Target profit = 1.4545
Position= Loss 90 pips when stop loss been hit.
Additional Strategy = Signal still valid for medium term,so we put a sell stop signal again at 1.4745 with stop and target point same as latest EUR/USD signal.

Latest GBP/USD Elliott Wave signal - Sell Stop at 2.0513 area.
Stop loss = 2.0565 area.
Target profit = 1st Target profit between 2.0435-2.0413.
Position= pending sell signal.
Additional Strategy = none.

Latest NZD/USD Elliott Wave signal - Buy at 0.7740 triggered.
Stop loss= Last stop has been trailed to 0.7770 when market reached 0.7800
Target profit = target at 0.8000.
Position= closed with 30pips profit when market hit last stop at 0.7770
Additional Strategy = waiting for next signal

Latest USD/CAD Elliott Wave signal - Buy at market Price at 0.9960 area.
Stop loss= above 0.9890 area.
Target profit = 1.0080 area for first target and 1.0200 area for second.
Position= Position stopped out at 0.9890 for 70 pips Loss.
Additional Strategy = Wait for next Signal.

Latest USD/CHF Elliott Wave signal - Sell market price = 1.1200 area
Stop loss= 1.1290  area..
Target profit = 1.1050 area
Position = Position stopped out with  90 pips loss  .
Additional Strategy = will update on next signal.

Latest USD/JPY Elliott Wave signal - Pending Buy Stop at 109.50 area.
Stop loss= above 108.65 area
Target profit = 111.50 area for first target.0
Position= Pending buy stop triggered at 109.50 on 28 Nov 2008.Current position float with 175 pips+ profit (market price = 111.25).
Additional Strategy = As expected in last signal USD/JPY continue its bearishness and moving towards our target at end of wave v of wave c.As current market has pass half way to end of wave v so we just have to wait next cycle wave to be formed.So today we set a pending buy signal in order to trade possible next impulsive wave iii.Anything happen to market we will update this signal on our next elliott wave signal.

Total Pips for this week = -45 pips 

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