Elliot Wave Theory Q & A

TheSlyFox

Tham gia từ Nov 19, 2017 32bài viết

Dec 27, 2018 at 08:44

Tham gia từ Nov 19, 2017 32bài viết

I have traded Elliot Wave Theory as my primary strategy for a few years now and have traded professionally for the fund 5%ers for the last year. Ask me anything.

Slow and Grow or Fast and Blow

PinkPanther2000

Tham gia từ May 13, 2018 7bài viết

Dec 30, 2018 at 08:12

Tham gia từ May 13, 2018 7bài viết

What do you use an an entry trigger for Elliot wave? I find Elliot waves easy to find in hindsight but very difficult in a live market

TheSlyFox

Tham gia từ Nov 19, 2017 32bài viết

Dec 31, 2018 at 07:39

Tham gia từ Nov 19, 2017 32bài viết

I only trades wave 3,5 and C, and enter on the waves 2, 4, and B pullback at specific fib ratios, on wave 2 I place a pending at 50, or 61.8 pullback with SL at beginning of wave 1, and target at 161.8 extention, wave 4 you enter at 38.2 pullback of the wave 3 move, target is inverse 161.8 of wave 4, stop loss would be the 50 retrace of wave 3, and to trade wave C you enter at 50 retracement of wave A, sl is starting of wave A extension is 100 extension of AB

https://gyazo.com/3e20bfcf505d2f077048f89038568c49
Here is a screenshot of eurusd that shows a forecast on 1hr of where price should go. Currently in B just hit 50 retracement as criteria for entry, so enter, sl at start of wave A, TP at 100 extension. Yellow lines mark the SL, TP, and entry levels, now we wait and it should hit the TP line probably by monday if I were to guess. For more exact entries, I do my count on higher time frames such as 4 hr, followed by one hour and create a fib zone based on targets of both counts for more accurate picture of reversals, I also use a technique called fib zones of resistance I will explain to you if your curious. (sound complicated but it's pretty simple)

Slow and Grow or Fast and Blow

TheSlyFox

Tham gia từ Nov 19, 2017 32bài viết

Dec 31, 2018 at 07:39

Tham gia từ Nov 19, 2017 32bài viết

Also good way to find start of new elliot waves, On the chart look for the last 5-3 move, after that you can expect a new Elliot wave, so wait for a impulsive move in one direction, once it starts pulling back use retracement to 50-61.8 level and boom then you can trade wave 3, although waves 4 and B are easiest to trade in my opinion because those waves you get most data, wave 3 has best risk reward though.

Slow and Grow or Fast and Blow

EURUSD	1.12889	GBPUSD	1.32773	AUDUSD	0.63812
USDJPY	145.45	USDCAD	1.38518	USDCHF	0.82972

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