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Thread: Elliot Waves Strategy

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    Default Elliot Waves Strategy

    My advice is Buy wave 2 and wave 4, and sell wave 5 and sell wave B. Wave2 and wave B are usually 50-78.6% retracements. Wave 4 is usually 38.2% retracement. wave 3 is at least 1.618 of wave 1, and wave 5 can be equal to wave 1.

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    ithink you should read a lot about fundamental news...

    elliot waves strategy move by fundamental factor

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    Quote Originally Posted by activetc View Post
    My advice is Buy wave 2 and wave 4, and sell wave 5 and sell wave B. Wave2 and wave B are usually 50-78.6% retracements. Wave 4 is usually 38.2% retracement. wave 3 is at least 1.618 of wave 1, and wave 5 can be equal to wave 1.
    I confuse so much with your strategy....
    But my strategy is buy when price move over 23.6% to TP at 78.6% with traling stop.toothy9

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    To know and ride the wave is it good enough using zig zag indicator?
    because if I just use high and low with my naked eyes i feel dezzy :P

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    Quote Originally Posted by riky View Post
    To know and ride the wave is it good enough using zig zag indicator?
    because if I just use high and low with my naked eyes i feel dezzy :P
    I think it is good to use indicators, example, stochastics indicator, momentum... ect. If you get to understand and follow them,I think better than using naked eyes and feel dezzy.

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    Plz don't take it silly. I have read much about Elliot wave and other tools. I feel easy with toolz like MACD, Stochs. RSI, EMA etc. But i really don't know how to get Elliote wave in my chart. How it can be drawn?

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    It allways better to wait for a big wave instead of jumping into trade taking a clue from small wave

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    Quote Originally Posted by activetc View Post
    My advice is Buy wave 2 and wave 4, and sell wave 5 and sell wave B. Wave2 and wave B are usually 50-78.6% retracements. Wave 4 is usually 38.2% retracement. wave 3 is at least 1.618 of wave 1, and wave 5 can be equal to wave 1.
    Well, I would like to thank you for sharing this technique, though apparently there has not been a lot of feedback; I know what this is, so I would like to encourage you to keep up sharing.

    I really admire people who share things here, maybe because I lost that desire some time ago.

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    Quote Originally Posted by activetc View Post
    My advice is Buy wave 2 and wave 4, and sell wave 5 and sell wave B. Wave2 and wave B are usually 50-78.6% retracements. Wave 4 is usually 38.2% retracement. wave 3 is at least 1.618 of wave 1, and wave 5 can be equal to wave 1.
    well wave count should be right enough and at least 5 traders group with good elliot wave count experience should be agreeing on it when you trade elliot on larger tmeframes

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    how do I get it?/

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    for intraday trading which strategy will be most useful.

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    elliot waves is one of the best strategies i'ev seen,,, i hope to learn it more and more

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    Share your opinion on GBPUSD Elliot wave strategy
    ---> http://forum.fxopen.com/showthread.php?t=48958
    Lets SURF FOREX WAVE together
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    there are software that define eliot waves on any type of charts use it will help you

  15. #15
    koyo0207
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    how can i understand E.W. at easier way..? any fren can suggest ..?

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