DailyFX Forum - View Single Post - Elliot Wave Trading

		DailyFX Forum
Sidebar Wrapper

1,165 Users Online

Thread: Elliot Wave Trading

View Single Post

#4471 (permalink)

03-05-2008, 02:18 PM

WhatCount

Member

Join Date: Jan 2008

Posts: 635

WhatCount is an unknown quantity at this point

cable

Quote:

Originally Posted by cyberchukky

wave iv is forming now and is expected to retrace b/w 23.6% and 32.8% of wave iii before a push above 1.997 to complete wave v.

when wave v completes i will look for a considerable pull back to reenter my long position.

I have the same as you Cyber, but not sure we will get much of a pull back hence staying in sometimes is easier rather getting in and out....

cheers

Ray

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.