Thanks Steve. Thank you for this massive + 29R today on $/Yen on 3 min chart. This was possible with the market analyzer of Ninja Trader which allows me to follow several currencies at the same time. The set up was a standard TS3... But I chose not to close the trade on first target as the DP support on 15 min chart was not yet touched. When this DP on 15 min chart was reached, we were already on strong STF in 3 min.... So I let the trade follow its way until I was stopped with a 29R profit!!!!!!
Risk Disclaimer Testimonials herein are unsolicited and may not be representative of the experience of other Customers and is not a guarantee of future performance or success.
At first sight, the Elliott wave theory appears to be perfect – all you have to do is place the appropriate wave count on the chart, by obeying a few simple rules and guidelines, and then you should be able to forecast where the market will go next. However, these are carefully chosen examples, and this is where the problem normally occurs, in that most textbooks and Elliott wave courses use specially selected examples that are tailored to demonstrate the technique.
However, as we will see in the first section below, things are very different once you enter the real world………….