presenter: nicola delic, forex analyst, instaforex
TRANSCRIPT
Presenter: Nicola Delic , Forex Analyst, InstaForex
The Topics Of My Presentation Are:
Elliott Wave History Impulsive Waves Fibonacci and Elliott Trading With Wave Power
Ralph Nelson Elliott (1871-1948)
U.S. Treasury Accountant
1930 – Elliott began study of stock market data
Stock market prices trend and reverse in recognizable patterns.
Almost 100 Years Proven Result
What Kind Of Market You Like
Clean Chart Mass Chart
Impulsive Waves (Motive Waves)
Impulsive waves have a Five-wave structure that impels the market
Impulsive waves are labeled with numbers from 1 to 5
Waves 1-3-5 are motive (1-2-3-4-5)
Waves 2-4 are corrective (A-B-C)
3 Wave RulesWave 2 cannot retrace to the beginning of Wave 1
3 Wave Rules Wave 4 cannot touch the territory of wave 1
3 Wave Rules Wave 3 is often the longest, but it is never the shortest
Extended Waves
Leading DiagonalsWave 1-3-5 are impulsive waves
Wave 2-4 are corrective waves
Leading Diagonal Found in wave 1
Wave 4 Enter In Territory of wave 1
Ending DiagonalsEnding Waves have 5 corrective waves (A-B-C)
Ending Diagonal Indicate Trend Change
Ending Diagonal Founded in wave 5
Wave 4 Enter In Territory of the wave 1
Wave 2 TargetsFirst Wave to trade
Wave 2 retraces 50 or 61.8% of wave 1
Enter a trade only when you can count 5 sub-waves in the wave 1
Stop Loss should be put few pips above wave 1
Wave 3 TargetsMost Powerful Wave
It Often retraces 161.8% of wave 1
Enter a trade when 3 wave pushes start of the sub-wave B of the wave 2
Stop Loss is at the end of the 2 waveTake Profit 1 is at 100% of the 1 wave
Take Profit is 2 at 161.8% retraces of the 1 wave
Take Profit 3 is at 261.8% retraces of the 1 wave (TP3 only for extended 3 wave)
Wave 4 TargetsWave 4 retraces 23.6 or 38.2% of wave 2
Wave 4 retraces 100% of wave 2
Enter a trade in the subway C
Stop Loss is at the end of the wave 3
Wave 5 TargetsWave 5 Retraces 100% of wave 1
Wave 5 retraces 161.8% of wave 4
Wave 5 retraces 61.8% of wave 3
Try to check all possible targets
Enter a trade only when you can count 3 corrective waves in wave 4
Stop Loss is at the beginning of wave 1
Company InfoINSTAFOREX GROUP
Site: WWW.INSTAFOREX.COMEmail: [email protected]
Skype: ifx.support
Presenter InfoNicola Delic
Email: [email protected]:@SGCND
Skype:ND.IFX
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