544# Elliott Wave Trading System
Elliott wave trading
Submit by Mike trader 01/03/2014)
Elliott wave trading is a wave pattern in Forex or stock trading technical analysis to identify and read the market price trends by determining tops and bottoms in market price.
This Elliott wave principle determined a fixed wave pattern to market price fluctuations in the Forex market, commodity market, Forex trading market and etc. Elliott wave method has 2 kinds of waves: impulse & corrective. Impulse waves trade in the way of the bigger degree wave, and corrective waves move in reverse.
Time Frame: 60 min, 240 min, daily and Weekly time frame.
Currency pairs: any, Indicies, Stocks, Metals (gold and silver).
Elliott Wave trading system indicators:
200 Exponential moving average (levels: 1440 -1440; 2330 -2330; 890 -890; 550 -550; 0; 3770 -3770; 6100 -6100);
4 Exponential moving average;
200 Exponential moving average (levels 130 -130; 210 -210; 340 -340; 550 -550; 890 -890; 1440 -1440);
11 Exponential moving average;
MT4 good trade;
Color RSI (27 period).
Elliott Oscillator wave.
The trading rules are discretionary in relations at the interpretations of the wave goog luck Mike