Elliott Wave Trading is the most popular forum thread on DailyFX.com, with over 2 million views and over 10,000 posts since May of 2007. The Elliott Wave Principle is a detailed description of how groups of people behave. It describes mass psychology as swinging from optimism to pessimism and back in a natural sequence, creating specific and measurable patterns. In this special web seminar, Jamie introduces the basics of using this wildly popular methodology in your trading and holds an open questions and answer session.
I am trying to watch the intro to Elliot wave video, but I get a message from Adobe saying that my account has expired. Any ideas please?
To find more comprehensive information on learning about Elliott Wave, I would invite you to check out the DailyFX Plus Trading Course. In the course, we have 4 videos on the topic of Elliott Wave teaching the basics and how to apply it to the current market environment.
The feedback on the Elliott Wave videos have been great and clients are thankful for the resource. Where you receive an added bonus are the live lessons we do inside the Trading Room with the Course Instructors. We show you how to identify trades in the current market using those tools in the course. To purchase a mentor elsewhere it would cost you thousands of dollars. Inside our course and trading room, it is like having a mentor looking over your shoulder providing feedback and ideas in the market.
Press HERE to login to the course with your Live FXCM account username and password.
If you do not have a live FXCM account, send me an email at instructor@dailyfx.com and I'll let you have temporary access so you can check it out.
Guys, thanks for information. Already watching videos!
Dillon...glad to hear it! Learning to see the waves is a start...then, you'll want to use that information to help generate trading ideas.
On Wed Dec 29 at 1pm ET (18:00 GMT), I will be hosting a live Elliott Wave webinar inside DailyFX Plus (a live account username and password is required to get in).
Try your hand at labeling a chart in Elliott Wave and you may see your example used in the webinar tomorrow to generate a trading opportunity.
Can you guide me how to understand Elliott Wave correctly what's the first thing I should look for after pulling up the chart and which time frame? does the time frame matter?
Can you guide me how to understand Elliott Wave correctly what's the first thing I should look for after pulling up the chart and which time frame? does the time frame matter?
Hi Wolfin...the time frame of chart is going to depend on how long you like to hold trades open. If you like to day trade, then look for 15 minute charts. For swing trades, look at 2hr or 4hr charts.
Since you are learning Elliott Wave, I would suggest starting with 1 hr or 2 hr charts so that way you can watch the waves unfold at a reasonable pace.
Where to start? I look for deep retracements and triangles. In the attached Lesson 2 video it talks about 50-78% retracement levels as a 1-2 wave combination. If you watch my webinars you've seen me trade the 78% retracement levels because I can get a good chance at a good risk to reward ratio. I can still be wrong on my EW count, but sometimes, I can still knock off a good trade.
Triangles can also give a clue about the market. Triangles always occur in the 4 position or the B position of a 1-2-3-4-5-a-b-c sequence. So if I see a valid triangle, then I know there will be a thrust outside of the triangle in the direction of the current trend.
Can you guide me how to understand Elliott Wave correctly what's the first thing I should look for after pulling up the chart and which time frame? does the time frame matter?
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Originally Posted by kpgarrod 
big thanks
