One major key to profitable trading is finding high profitability trade set-ups with a high probability of success. Fortunately, once you understand the Elliottwave patterns finding high probability patterns is much easier. In today’s lesson we have the opportunity to use four simple charts to spot a bear market setup. A Four-Chart Lesson in Spotting Trade […]
Using Moving Averages To Improve Your Trading
June 14, 2011 by Leave a Comment
The Trend Is Your Friend: Using Moving Averages To Improve Your Trading By Elliott Wave International Many traders and investors use technical indicators to support their analysis. One of the most popular and reliable also happens to be an indicator that has been around for years and years — moving averages. A moving average is […]
EUR/USD: What Moves You?
February 5, 2010 by Leave a Comment
What moves currency markets? “The news” is how most forex traders would undoubtedly answer. Economic, political, you name it — events around the world are almost universally believed to shape trends in currencies. Today’s (Jan. 14) new story, for example, is high up on the roster of events that supposedly have a major impact on the euro-dollar exchange rate. But let’s take a closer look at it.
Bernanke’s Burn Notice — Why Now? Research Reveals Insight Into Fed Chairman’s Popularity
January 27, 2010 by Leave a Comment
Like a spy who gets a burn notice (as depicted in USA Network’s hit series, Burn Notice), suddenly he lost his support. No one trusts him anymore. Why the sudden turnaround in his fortunes?
New Year: New Economic Boom? Why 2010 Should Be One to Remember
January 19, 2010 by Leave a Comment
In the realm of market psychology, there’s a big difference between optimism and extreme optimism. The first is seeing the glass half full. The second is seeing the glass half full deep in the heart of a bone-dry desert. In finance, it’s what we call “Buying the Dip” mentality — when all outcomes, even losses, are cause for celebration.
