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|Subject: The Ellioticians’ Way in the Foreign Trade Wed May 02, 2012 1:26 pm|| |
The Elliot Wave Principle is currently being used in the market as a kind of vehicle. It drives the overall operations in the market. Being able to adapt the Principle is like being an expert who can learn all about the systems of the market. Being an “Elliottician” means being able to read the waves and patterns of the market even if it is being repetitive though the patterns do not repeat every time in the exact formation as they were originally. Moreover, there are different formations done by the patterns. Thus, being an Elliotician can make a person an expert in the Forex trading
What does the Elliotician do? How does the Elliot Principle affect the foreign market? Let’s say that that everything seen in the charts are the Elliot wave patterns. The vehicle that you’re in is the Elliot wave itself. When you go from one place to another determining the inner workings, then you are probably able to see the positive and negative effects of everything. Thus, with the Elliot Wave Principle, you are able to predict the trades with about 70% probability or even a higher one like 90%. This is all just part of the estimation.
In the Forex trading
market, there is a certain principle that is usually followed by traders. This principle is the Elliot Wave principle, a principle made by Ralph Nelson Elliott back in the 1930s. This principle interconnects everything in the trends of the market, such as financial markets to fashion, politics and many more.