ARCHIVE Beginner Elliott Wave Forex Theory and Analysis | FXCM Expo 2010



3 Basic Forex Trading Strategies For Beginners https://www.youtube.com/watch?v=880UGOQyK40 Elliott Wave Theory and Forex Nearly every student of technical analysis has heard of the Elliott Wave Theory and is probably fascinated by the concept. Despite its popularity, Elliott Wave is the least-correctly understood theory of technical analysis. In this video, senior technical strategist Jamie Saettele introduces the basic-yet-powerful forecasting rules of the Elliott Wave Principle. Elliot Wave Theory: The Basics Too many traders have found the numerous rules behind Elliott Wave Theory to be overly complicated and subjective. But for those who understand the rules, Elliott Wave Theory has proven to be a reliable basis for interpreting and forecasting price action. Developed by Ralph Nelson Elliott in the 1930s, Elliott Wave Theory was originally designed to forecast stock price movement. Over time, the theory has been applied to other markets -- most notably foreign exchange. The Elliott Wave Theory is founded on the notion that markets are not perfectly efficient. As a result, prices from one moment to the next are not random. Rather, they're subject to changes in overall investor behavior -- changes that can be predictable with an understanding of mass psychology. The theory's popularity in the forex market stems from the fact that about 80 percent of the volume in the FX market is speculative. This is important because Elliott waves are based on mass psychology -- herd behavior among traders in the markets. This has made Elliott Wave Theory a popular analytical strategy used by the technicians of leading investment banks and intermarket players. How to count waves The center of the Elliott Wave Theory rests on the idea that security prices move in waves. But before understanding the waves within the Elliott Wave Theory as applied to forex, it's important to remember this tenet: "every action creates an opposite reaction". Apply this thought to Elliott waves and examine the most basic wave structure: impulsive (going in the direction of the trend) and corrective (going against the underlying trend). Forex Elliott Wave & Daily Technical Analysis http://www.dailyfx.com/technical_analysis/elliott_wave Start a Conversation with our analysts on Facebook https://www.facebook.com/DailyFX

Comments

  1. https://www.tradingview.com/v/OnajWuEO/

    Thank you for a great video!!!
  2. Thank you very much.
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  6. using elliot with the 10 year data it seems djia is about to trend one of the correction waves am i right?
  7. As Elliot Wave Principle puts it, the more you study and look at the market the more the scales fall off your eyes. The initial difficulty is aligning the perfection of the diagrams in the book with the reality of the 'randomness' in the stock market. Eventually you will see things that will take your breath away even at micro level but it doesn't come overnight. Good luck.
  8. Keep going my friend, the more you read on Elliot Waves, the more you will see it is more than mere guidance. Trust me.
  9. Just because something says beginner doesn't mean its easy
  10. Thanks for the video, I appreciate your efforts and explanations which have served to solidify my knowledge or Elliot Waves. I hope you take the following as constructive criticism but in future, please ensure you repeat the audience questions (which I could not hear) so that people who view a recording later can understand the logic of your answer. Also, please ensure that when you are discussing charts during Q&A you actually show them so we know what you are talking about. All the best.
  11. Thanks for info
  12. He was right about the U/J, cool.
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  15. Excellenter Vortrag, komplexes Thema sehr verständlich rübergebracht! Vielen Dank!


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