Forex Rapid RebateForex Rapid Rebate

Foreign exchange technical analysis the use of wave theory in the foreign exchange market and foreign exchange transactions

forex trad rebateforexg experience tips Lets go back to the 1920s rebateforexbroker 1930s of the last century, when there was a mad genius by the name of Ralph & bull; Nelson & bull; ForexRapidRebate through the Dow Jones Industrial Average over the past 75 years of data dive, Elliott found cashback forex although at first glance the stock market in a certain degree to show the volatility of the character rebateforexfeetics of the need not, but in fact, the changing shape of the stock price structure reflects the natural harmony of the beauty of When Elliott was nearly 66 years old, he finally gathered the most enough evidence, but also harvested enough Elliott published his theory in the book The WavePrinciple. In Elliotts view, the market exhibits a repetitive cyclical process, which he noted is the result of investors being influenced by external factors that cause their emotions to change or are influenced by the dominant psychology of the market at the time. He called the upward and downward price movements Forex Rapid Rebates. Elliott believed that if you correctly determine the establishment of a trend, then accordingly, you can predict when the trend will end and the direction of the next price movement when the trend is established. This is why Elliotts theory teaches investors a way to identify the precise point at which price movements have a very high probability of reversing. In other words, Elliott set up a system that allows traders to capture the tops and bottoms of the market. But before we get started with the study of Elliotts waves, you first need to know what a fractal is Fractal: Simply put, a fractal is a structure that can be subdivided into smaller parts, each of which is very similar to its entire structure Mathematicians call this property self-similarity In fact, examples of fractals are not far from us In fact, examples of fractals are not far from us, they can be found everywhere in nature sea shells, snowflakes, clouds have fractal structure, of course, lightning also has a fractal structure So, why are fractals so important? Elliott Wave has an important characteristic is that it has a fractal structure and sea shells and snowflakes, Elliott Wave may also be further subdivided into smaller layers similar to its Elliott Wave So, lets get started on Elliott Wave now!  8 wave analysis: Elliott believes that the market fluctuates in a 5 wave + 3 wave pattern The initial 5 waves are called push waves The final 3 waves are called adjustment waves In this pattern, waves 1, 3 and 5 are up waves, meaning they are consistent with the overall uptrend, while waves 2 and 4 are retracement waves Here, we would like to remind that waves 2 and 4 and ABC adjustment patterns are mixed together, so lets first take a look Isnt the push wave pattern a little dizzying? Below we will give a brief explanation on each wave wave We will use the stock market as our example because Mr. Elliott is using wave theory to study the stock market, but really, it doesnt matter wave theory is also very valid for currency pairs, bonds, gold, oil and other price movements Most importantly, Elliott wave theory is also applicable to the Forex market Wave 1: The stock price initially shows an upward trend this is usually the result of a sudden push by a relatively small number of investors buying (for different reasons, real or artificially conjectured), this small number of investors artificially, the stock price is cheaper, so it is time to buy this led to the stock price began to move higher wave 2: into this phase, a significant portion of investors who previously chose to buy the stock price is considered somewhat overvalued, and then choose to take profits back this This led to a pullback in the stock price However, the stock price did not fall below the previous lows, because investors thought it was time to buy again after a pullback in the stock price Wave 3: Wave 3 is usually the longest and strongest wave of the 5 waves The stock has received the attention of the vast majority of investors in the market More investors have found the investment value of the stock and intend to buy This has also led the stock to move higher The wave of the wave usually exceeds the height set at the end of wave 1 Wave 4: Investors again choose to take profits in this phase as they again believe the stock is overvalued but the pullback in this wave is weaker as a relative majority of investors in the market are still bullish on the stocks prospects and intend to buy at a lower price Wave 5: In this phase, the vast majority of investors in the market are putting their investment tentacles to the stock, and the stock price is also wildly sought after by the market You will usually see that the CEO of the company usually appears as the person of the year on the cover of a well-known financial magazine Traders and investors began to chase the stock wildly, and when someone disagrees with them, they will launch a strong rebuttal And at this point, the stock value is also the most severely overvalued stage Opponents in the market began to short the stock, so that ABC adjustment wave appeared extension wave about Elliott wave theory, one thing you need to know is that rising waves (1, 3, 5 waves), there is always a certain wave is an extension wave, in other words, there is always a certain wave wave length more than the other two waves in Elliotts view, the 5th wave length to exceed the 1 and 3 waves but over time, the market has changed its perception of this view But over time, the markets perception of this view has changed, and more people now believe that wave 3 is an extended wave ABC retracement: a 3 wave retracement occurs immediately after the exchange rate has gone through a driving wave. The 5-3 wave pattern can also be this kind of trend:  Various patterns of adjustment waves: In Elliotts view, the adjustment wave pattern from simple to complex, can be as many as 21 kinds of you are not thinking, ah? I can not remember all the patterns basic Elliott wave theory has made my head dizzy! Dont worry, the great thing about Elliott Wave is that you dont need to fully grasp all the ABC retracement patterns before you start trading Forex because they consist of just three very easy to grasp patterns Now, lets take a look at these three patterns The examples weve given still use Elliott Wave Theory in uptrends, but if youre dealing with a downtrend, Elliott Wave Theory also applies! Wave theory is also applicable Sawtooth pattern: Sawtooth pattern formed in the rapid changes in market conditions, and the price trend and the previous push wave trend opposite Generally speaking, compared to the A wave and C wave, B wave is the shortest When a sawtooth pattern failed to reach the normal target, the market will appear in two consecutive, up to three sawtooth pattern, the so-called double sawtooth or triple sawtooth & nbsp nbsp; platform pattern: platform pattern shows that the market is only in the horizontal retracement of the wave in general, in the platform pattern, A, B, C wave length is roughly the same, but the B wave may also reverse the trend of the A wave, but the C wave is difficult to reverse the trend of the B wave platform pattern for the previous push wave pull back strength, often less than the sawtooth pattern, often appear in the strong market trend, generally after the extension wave appear and, the stronger the market trend, the shorter the platform finishing time triangle pattern: triangle pattern is the only one five-wave run of the correction wave price trend is limited by the rising trend line and falling trend line, which in turn forms a triangle pattern these triangle patterns can be subdivided into symmetrical triangle, rising triangle, falling triangle and extended triangle Elliott wave theory 3 important rules Rule 1: Wave 3 is never the shortest wave; →Rule 2: Wave 2 can never exceed the start of wave 1; →Rule 3: Wave 4 never enters the price range of wave 1 Surfs Up This is probably the moment youve been waiting for using Elliott Wave Theory To trade well borrow what we already know about Elliott Wave Theory to determine entry points, stop-loss points, and exit points.  Scenario 1: The first thing we need to do is to count the waves as shown in the chart below, you see that the exchange rate seems to have bottomed out and has started a new uptrend using the knowledge you have of Elliotts wave theory, you label this round of uptrend as wave 1, and label the subsequent retracement process as wave 2 In order to find a good entry level, you again review our Some of the points we covered earlier to determine which of the 3 important principles and guiding points you can apply in this example: • Rule #2: Wave 2 can never exceed the start of wave 1 opening • The magnitude of the wave 2 retracement is most inclined to be 50% or 61.8% of wave 1 Therefore, combining the 3 important principles and guiding points of Fibonacci wave theory You decide to take out the Fibonacci tool to determine if the exchange rate is at the Fibonacci level You find that the exchange rate is just at the 50% Fibonacci retracement level, well, this is probably the opening phase of wave 3 because it has sent a very strong buy signal As a savvy trader, you, of course, have the stop loss point set within your consideration Rule 2 mentions that wave 2 Wave 2 can never exceed the start of wave 1 opening, so you choose to set your stop loss level below the start of wave 1 opening level If the retracement of the exchange rate exceeds 100% of wave 1, then the wave you counted would be wrong, and lets see, what happened next Your Elliott Wave Theory analysis paid off handsomely for you! Because you caught a pretty huge round of upward progress then you went to Macau or Las Vegas and lost all your previous profits at roulette and here you are back where you started Luckily, here you have another chance to make money...  Scenario 2: This time, lets see how to use wave patterns to profit in a down wave You notice that the ABC retracement wave is in a sideways consolidation pattern You wonder, could this be a platform pattern? If this is the case, it means that once the C wave is over, a new push wave will begin With great reverence for Elliotts wave theory, you choose to short the EUR/USD at market price because you expect to take advantage of the new push wave You set your stop loss above the fourth wave opening point to prevent you from making a mistake on the wave This time, you are right again. In our trading, a good start is only half the battle, and choosing the perfect time to exit can declare our trade a success This time, your profits are up to almost 2,000 points, but of course, such opportunities dont always arise Youve learned your lesson and given up on the idea of going to Macau or Las Vegas to try your luck, and instead use your profits to fill your trading account  Summary Wave Theory: According to Elliott Wave Theory, the market is in repetitive motion, the pattern is called a wave • Elliott Wave has an important property is that it has a fractal structure Fractal is such a structure that it can be subdivided into smaller parts, and each smaller part is very similar to its entire structure Mathematicians call this property self-similarity; • Elliott Wave has an important property is that it has a fractal structure Fractal is such a structure that it can be subdivided into smaller parts, and each smaller part is very similar to its entire structure Mathematicians call this property self-similarity; &bull bull; Elliott believed that the market fluctuates in a 5-3 wave pattern; • the initial 5 waves are called push waves; • in the rising waves (1, 3, 5), there is always a certain wave that is an extended wave, usually considered that the 3rd wave is an extended wave; • the last 3 waves are called adjustment waves, usually denoted by letters; • the 1st, 3rd and 5th waves are all made up of smaller layers of 5 wave push wave pattern, while the 2nd and 4th waves are composed of smaller 3 wave retracement wave pattern; • adjustment wave pattern from simple to complex, can be up to 21 kinds, but they are composed of only three very easy to grasp pattern; • three basic adjustment wave pattern: sawtooth, platform and triangle; • Elliott wave theory has 3 important rules: rule one : wave 3 is never the shortest wave rule two: wave 2 can never exceed the beginning of the opening of wave 1 rule three: wave 4 will never enter the price range of wave 1 • if you look at the graph enough, you will see that the market is indeed in wave motion; • because the market will never appear in the textbook description of the movement of the posture, so we are skilled in Elliott theory for trading before, need to do a lot of practice and analysis of the market in constant change, so you need to constantly summarize and practice, maintain a good mindset and continuous learning, in order to be in the real battle, to win the winning rate

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