DailyFX Forex Forum | FX Forum - View Single Post - Elliott Wave Trading Discussion

		DailyFX Forex Forum \| FX Forum
Sidebar Wrapper

Thread: Elliott Wave Trading Discussion

View Single Post

#973 (permalink)

09-24-2008, 09:46 PM

italm31

Member

Join Date: Jul 2007

Posts: 1,592

italm31 is an unknown quantity at this point

Heres how Eur/chf is shaping up. One more low confirms a 5 wave move. (Euro shows a similar pattern) I would prefer the third wave had been longer but volitility is still low given the uncertainty. This could still be an abc until we see an new low. If this is a 4, it could take a while to play out.

Attached Images

Last edited by italm31; 09-24-2008 at 09:50 PM..

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.