http://www.fwtrader.com/926/will-the-real-wave-count-please-stand-up/ Educating traders to succeed Fri, 03 Jan 2025 19:00:27 +0000 hourly 1 https://wordpress.org/?v=4.2.39 http://www.fwtrader.com/926/will-the-real-wave-count-please-stand-up/#comment-51 Wed, 06 Oct 2010 12:40:16 +0000 http://www.fwtrader.com/?p=926#comment-51 […] some that played out for small wins and others for small losses before being stopped out.  In our September 10th briefing we presented a video on how to use Elliott Wave theory to get out of trades when you're wrong, […]

]]> http://www.fwtrader.com/926/will-the-real-wave-count-please-stand-up/#comment-34 Thu, 23 Sep 2010 01:08:09 +0000 http://www.fwtrader.com/?p=926#comment-34 […] Let's start by reviewing a Euro chart with labels from yesterday.  Clearly we didn't have a small degree correction ending at 1.3120.   Even though we attached a question mark to the possible wave (ii) and the Euro is approaching the location of our alternate end for a correction, we have no reason to believe that this is just a correction and not a turn back upward.  The key here is that we never achieved any of the confirmation that we were looking for, starting with the 140% retracement of EWO. The lack of confirmation leaves open the possibility that the move down that began on Friday was just a correction and and that the five waves up we counted as complete was internal to a larger move and not an entire five waves up.  Even when a completed wave just gives way to a correction and not a full-fledged reversal, we can take winning trades from it.  That's the subject of a video we included in our briefing from September 10, 2010. […]

]]> http://www.fwtrader.com/926/will-the-real-wave-count-please-stand-up/#comment-17 Mon, 13 Sep 2010 01:07:31 +0000 http://www.fwtrader.com/?p=926#comment-17 Sounds good

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