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Thread: turn urself from looser to winner

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    Default turn urself from looser to winner

    Elliot Wave Theory- The number of waves follows the Finobacci sequence.

    -Elliot Wave Theory- Finobacci ratios and retracements are used to determine price objectives. The most common retracements are 62%, 50% and 38%.

    -Elliot Wave Theory- Bear markets should not fall below the bottom of the previous fourth wave.

    -Elliot Wave Theory- Wave 4 should not overlap wave 1.

    .Support and resistance are the most effective chart tools to use for entry and exit points. For purposes of placing stop loss, support and resistance levels are most valuable.

    . One of the commodities most effected by the dollar is the gold market. The prices of gold and the U.S. dollar usually trend in opposite directions.

    . The Yen is sensitive to changes in the price or structure of the raw material markets.

    . The commodity-producing countries (Canada, Australia, N. Zealand ) are more dependent on Japan than the other way around.

    . The Yen is sensitive to the fortunes of the Nikkei index, the Japanese stock market and the real estate market.

    . The majority of the pound transactions take place in London with a volume decreasing significantly in the U.S. market, and slowing down to a trickle in Asia. Therefore, in the New York market, many banks have to stop quoting the pound at noon.

    . Swiss Franc has a very close economic relationship with Germany, and thus to the euro zone.

    . The major markets are London, with 32 percent of the market,New York with 18 percent and Tokyo with 8 percent. Singapore follows with 7 percent, Germany has 5 percent and Switzerland, France and Hong Kong have 4 percent each.

    . Don't use the markets to feed your need for excitement.

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    I trade elliot waves with these rules and i like the results, trade wave 2 as 50% retracement and trade wave 4 as 38% retracement from wave 2 to wave 3.

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    Default elliot waves

    Quote Originally Posted by activetc View Post
    I trade elliot waves with these rules and i like the results, trade wave 2 as 50% retracement and trade wave 4 as 38% retracement from wave 2 to wave 3.
    Hi,

    Can u show me the chart of your entry point ? thanks

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    I like trade with fibonacci retracement. And so far so good ....a little loss and get a big profit.

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    Default

    Elloit wave is good indicator

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    Default

    explanation with chart will be helpfull
    i'm just newbie

    thanks for sharing
    Remember.
    Trading is not a sprint but a marathon. Compounding money is a powerful thing.
    Be patient and persistent
    Exercise discipline
    Always, Always use stops loss
    Protect your profits at all times.
    Accept your losses like a man. If you cant accept your losses you will become a nerverous trader.
    When in doubt stay out.

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    Default

    Quote Originally Posted by panca View Post
    explanation with chart will be helpfull
    i'm just newbie

    thanks for sharing
    I agree with you..

    explanation with a chart would be a helpful tool for us to have a better visualization and a better understanding about that one..

    Thank you!

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    I like to know more about it , any link can help ? How much success using it ?
    fontu

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    Default

    Elloit wave is good indicator
    shows good indication abot market

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    Default

    yes Elloit wave is a owsome indicator
    I found great results with it

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