Traders either love or hate Elliot Waves. Some traders regard this as an elite trading indicator, while some despise it and never employ the vast capabilities. I have been using Elliot waves for quite some time and with decent results and have seen some discussions on Elliott wave forums. It’s not an infrequent comment I see when some state “I like Elliott Wave but it’s like something isn’t quite right.” Some people just adhere to strict rules and dont invest time to fully understand its capabilities
Some Elliotticians swear by Robert Prechter and some find his wave counts change too much and find themselves frustrated.
Through hours of research and usage Ian Copsey has unearthed a fundamental error in the structural development of price behavior as defined by the Elliott Wave Principle. From his early findings that trending waves ended prematurely and the vagueness of the wave relationships he began to realize that trending waves do not develop in the manner which R.N. Elliott described in his findings.In Harmonic Elliott Wave he reveals the methodology, the common ratios that lin… More >>
Here is a video to watch introducing Harmonic Elliot wave.
How to make money in forex trading systems (Part I) This article is about succeeding in the forex trading market. Before you even consider or start investing your hard-earned money, you have to really stop and assess their capabilities. Note that when you participate in any trading strategy your investment is always at stake. You win or lose money. That’s the game. Do not gamble with your money – the plan out intelligently. Successful investors are successful for several reasons. They strictly a trading system and stick to it no matter what is happening in the market. Today, there are thousands of people who are doing quite well for themselves through daily transactions. Using techniques of profits, day traders buy and sell currencies. It is not that simple, of course, because you have to buy and sell at the same time. Even if you do not have a background in trade, most people can understand the basics. Buy low, sell high, follow trends, and investment protection. More advanced traders will have full knowledge of the history of exchange for money and getting tested choose an action strategy. In short, day traders assume that if a particular currency is steadily rising it will continue to increase, and likewise, if a currency is falling will continue to decline. This can be measured over a long period of time. Therefore, traders buy currencies and prevent the increase in falls. Do not worry about having to map the trend lines on their own. Today there are many free and paid software that are designed specifically for day traders. To find this software you can simply write “day trading software” in your favorite search engine. Review final Do not lend money to trade in markets. Always start trading with a small portion of money. Make growing portions, or thinking of leaving the currency trading market.