"It's convinced me even more than MTP is designed on the correct principles of money and risk management and that you don't need a high % of wins to make money. Right now I'm working full time during the day but I can't wait for summer holidays so I can start trading during the day instead. I've found so many other software vendors don't tell you anything about money management or managing trades or especially risk management, and can see why 90% of traders lose money. I must say that MTPredictor is the best when it comes to teaching the real way to trade by trading the numbers. Thanks so much and keep up the great education as it is what makes this company outstanding compared to all the rest out there."
Chris, Private Trader
Elliott Wave (1) is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.
As such, Wave (1) is the initial swing off an importnat high or low…