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Elliot wave strategy

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Ruslan H

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To determine an appropriate entry point, you must remember the three basic rules of the Elliot Wave theory and here are some rules. Second rule: Wave 2 will never fall below the first wave, namely Wave 1 (Wave 1) in the Impulse Wave. Waves 2 and 4 more often bounce back at the fibonacci retracement level. Based on your ability about the Elliot Wave theory, you draw a Fibonacci retracement line and find that the price is at the level of 50%. And you can predict that wave 3 will appear with a strong uptrend and this is the right time to buy (strong signal buy).



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#1 - February 06, 2019, 09:50:26 AM
« Last Edit: August 04, 2024, 04:05:25 PM by Admin »

MUHAMMAD NUR FIRZA

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i opinion that elliot wave is one of the consept of trading that trader should know, it would give many benefit for you if you know about this, but the difficult one about elliot wave is how to know about the wave, coz mostly wave move in complact move up and donw, till you don't know is it wave correction, impuls or tricky wave
#2 - February 06, 2019, 11:04:26 AM

Rendy94

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honestly I am very difficult to find out the 4th level point towards 5. some traders say that they can use rsi or stochastic and look for convergent and divergent patterns as signal wave pattern 5. do you agree?
#3 - February 06, 2019, 01:12:02 PM
« Last Edit: August 04, 2024, 04:05:36 PM by Admin »

Rendy94

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Quote from: MUHAMMAD NUR FIRZA on February 06, 2019, 11:04:26 AM
i opinion that elliot wave is one of the consept of trading that trader should know, it would give many benefit for you if you know about this, but the difficult one about elliot wave is how to know about the wave, coz mostly wave move in complact move up and donw, till you don't know is it wave correction, impuls or tricky wave
in my opinion finding waves that are so neat in a real market is very difficult, sometimes we have to have our own views about the wave. the most difficult to determine wave 3 4 5. because sometimes the correction in wave 4 is very far away
#4 - February 06, 2019, 01:14:29 PM

Fxortrader

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That's right, sir, in the future. determining wave 2.3.4 is very difficult, therefore I prefer to know the market with other indicators, because the eliot wave cost indicator is very difficult to use.
#5 - February 06, 2019, 04:38:48 PM

Tahajud

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Elliot wave strategy in Trading Systems_Eliot-wave


is this what you mean, and like this is the wave random technique? because I have never used this technique before
#6 - February 07, 2019, 05:35:23 AM
« Last Edit: November 26, 2019, 12:01:11 PM by Admin »

nawwa thalorenz

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very interesting turns out to be the Elliot wave trading system, but for the present stage I only understand to use the Fibonacci indicator in finding the retracement area as my reference for trading, and it turns out that there are several waves that must be understood as you say. I hope I can implement it.
#7 - February 07, 2019, 08:17:48 AM
« Last Edit: August 04, 2024, 04:05:55 PM by Admin »

szeptiawan

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Good evening, the technique is quite interesting, bro, thank you for sharing here, bro. I have permission to study and listen to the techniques.
#8 - February 07, 2019, 09:43:26 AM
« Last Edit: August 04, 2024, 04:06:07 PM by Admin »

Kirinkato

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Elliot wave is a classic trading pattern that is still very effective to use today. but until now I still have difficulty learning this technique. hopefully this thread can help me to learn.
#9 - February 07, 2019, 02:20:54 PM
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zanurreload

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Can you give an example with a picture about this Elliot wave Strategy? I want to find out more. because I've heard that this strategy is very good for sacalping.
#10 - February 08, 2019, 06:55:54 AM
« Last Edit: August 04, 2024, 04:06:24 PM by Admin »

zhamal andreal

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Thank you for sharing the tricks to use IoT Wave in analyzing the market and permission for me to be able to use it for daily trading. Then is this system suitable for us to use TF1 because I prefer to daily traders, but I hope you can help me in using this indicator, because I am more inclined to use indicators rather than analyzing using news.
#11 - February 08, 2019, 02:30:10 PM
« Last Edit: August 04, 2024, 04:06:33 PM by Admin »

Nendi71

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it is very interesting to discuss the elliot wave technique that you are using, before I know this technique and know a little, but this time I will try to analyze it and deepen the knowledge
#12 - February 08, 2019, 04:08:13 PM
« Last Edit: August 04, 2024, 04:06:41 PM by Admin »

Nendi71

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Quote from: MUHAMMAD NUR FIRZA on February 06, 2019, 11:04:26 AM
i opinion that elliot wave is one of the consept of trading that trader should know, it would give many benefit for you if you know about this, but the difficult one about elliot wave is how to know about the wave, coz mostly wave move in complact move up and donw, till you don't know is it wave correction, impuls or tricky wave
Elliot wave is indeed a very useful technique the advantages of this technique are easy to understand and practice, and very suitable for beginner traders to learn it,
#13 - February 08, 2019, 04:11:03 PM

Nendi71

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Quote from: Tahajud on February 07, 2019, 05:35:23 AM
is this what you mean, and like this is the wave random technique? because I have never used this technique before
analysis that is very detailed and easy to understand you is indeed extraordinary,
#14 - February 08, 2019, 04:12:06 PM
« Last Edit: November 26, 2019, 12:01:33 PM by Admin »

Nendi71

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Quote from: zhamal andreal on February 08, 2019, 02:30:10 PM
Thank you for sharing the tricks to use IoT Wave in analyzing the market and permission for me to be able to use it for daily trading. Then is this system suitable for us to use TF1 because I prefer to daily traders, but I hope you can help me in using this indicator, because I am more inclined to use indicators rather than analyzing using news.
in my opinion the technique of the Elliot wave is very well suited for use by traders who use the H1, H4 or Daily timeframes very suitable in my opinion and very good at analysis
#15 - February 08, 2019, 04:14:22 PM
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