25 December 2011
By admin
In FX Trading
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epSos.deElliot wave forex analysis can be applied to the stock market as well. All of the international markets are linked in complex ways, so those who trade forex need to keep their eye on the technicals in other major markets at all times. For example, the DJIA remains one popular and accurate gauge of risk appetite in the capital markets.
The dramatic turn lower in this market has coincided with similar moves in some forex pairs that also correspond with risk, such as AUD/USD and NZD/USD. So if we apply Elliott wave analysis to the DJIA to predict where we go from here, we can see a 5 wave decline from the top is required in order to confirm that the larger trend has turned down. So far, there are only 3 waves but the third is now 161.8% of the first wave. This is common for impulses (5 wave patterns).
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28 October 2011
By admin
In FX Trading
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andronicusmaxA new article by Action Forex is spilling details about Elliott Wave. Australian, European/ Japan, and United States/Canada stock points were all up! Reading these kinds of articles can help out any business owner to see where the stock is jumping around at in all different countries.
This type of information is exceedingly important when selling and buying stocks. You have to stay on top of where your money is going and where to invest! Stock is all about knowledge. Without the proper knowledge all your money can be gone in the blink of an eye. Forex is a wonderful tool for investors to check up on the latest Elliot Wave happenings. Remember the tools you utilize can either make or break you.
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02 October 2011
By admin
In FX Trading
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Ed YourdonThe Elliott wave theory dates back to 1939 when R.N. Elliott detailed his belief that markets moved in well-defined waves that could be predicted and thus used to initiate profitable trades. The Elliott wave theory is based on mathematics, specifically on the Fibonacci series of numbers (1-1-2-3-4-5-13-21….).
Based on Elliott wave, market prices tend to move in a predetermined number of waves that are consistent with the Fibonacci series.
For example, Elliott believed that the market moved in five distinct waves on the upside and three distinct waves on the downside. These waves can exist at many levels simultaneously, so that there can be waves within waves as measured on different time scales. Primary waves can be broken down into smaller waves. Elliott placed particular importance on the golden mean, .618, as a significant percentage for retracement.
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