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Elliot wave strategy

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  • Elliot wave strategy in Trading Systems_index
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i opinion that elliot wave is one of the consept of trading that trader should know, it would give many benefit for you if you know about this, but the difficult one about elliot wave is how to know about the wave, coz mostly wave move in complact move up and donw, till you don't know is it wave correction, impuls or tricky wave
is EW only for large timeframes or can for small timeframes too?
#31 - February 20, 2019, 02:24:39 AM

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For this elliot wave pattern, actually I am still a bit hesitant to analyze, but I will try 

In EURGBP H4 pair, the price has formed wave 2, so we are buying the target in the wave 3 area 

In the GBPJPY Daily pair will go to wave 2 but wait until it really forms wave 2 in the 61.8 fibo area 

The weekly palladium commodity has actually formed wave 2 and we can open sell up to wave 3 

In AUDCAD pair has formed wave 5 but don't open sell yet, wait for the trendline break as confirmation 

The silver commodity has formed a perfect wave and has made a correction to 2 we can sell up to the correction to 3
#32 - April 25, 2020, 05:08:28 PM
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These are just a few examples of the elliot wave technique which is not as beautiful as in the picture because the market moves randomly. We can only recognize patterns so that they are close to similarities in the books.
#33 - April 28, 2020, 09:54:44 AM
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To determine an appropriate entry point, you must remember the three basic rules of the Elliot Wave theory and here are some rules. Second rule: Wave 2 will never fall below the first wave, namely Wave 1 (Wave 1) in the Impulse Wave. Waves 2 and 4 more often bounce back at the fibonacci retracement level. Based on your ability about the Elliot Wave theory, you draw a Fibonacci retarcement line and find that the price is at the level of 50%. And you can predict that wave 3 will appear with a strong uptrend and this is the right time to buy (strong signal buy).
Im sorry sir. For me elliot waves is new strategy that never hear by my ear . So could you explain to me advantages of elliot wave to get profit? Thank you
#34 - June 09, 2020, 03:17:46 AM

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This strategy is suitable for identifying long-term trends consisting of 5 impulses and 3 corrections but you must be really careful in using it
#35 - March 02, 2021, 05:02:44 AM

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reading charts or patterns, one of which can use the elliot wave pattern, but it is not as easy as it looks, because there are many waves in the wave, maybe with the help of the zigzag indicator to identify the area
#36 - March 06, 2021, 01:20:33 AM

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yes, but dont forget, that on a trending market, can be found many waves, depending on the time frame. now what?
#37 - May 24, 2021, 01:46:17 PM

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Elliot wave as far as I know is one of the classic techniques that is quite complicated to use, but that doesn't mean we can't master it. starting with an increasing low and the 3rd wave is longer
#38 - May 24, 2021, 09:31:17 PM

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