1. The Elliott Wave Principle-Finding High Potential
Trade Setups
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Welcome:
• Where we left in 2016
• Understanding Wave Patterns
• Putting all together on charts
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Every Day Common News
• Crude Oil Prices Fall as IEA Report Hints Glut to Continue
Crude oil prices fell after the International Energy Agency downgraded
expectations for demand… DailyFX, September 14, 2016
• GBP/USD Breaks Weekly Lows on CPI Data
The GBP/USD reaches new weekly lows on worse than expected CPI Data. DailyFX,
September 14, 2016.
• FOREX-Yen slips broadly on fears BOJ could cut negative rates more deeply.
Reuters, September 14, 2016.
• US Dollar To Take Cues from FOMC Minutes. The most common occurrence!!
The Question Is, How and When Do You Plan And
Execute Your Trades??
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Financial Markets Are Patterned
4. The Elliott Wave Principle
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Ralph Nelson Elliott (1871 – 1948)
•Mass psychology/Market Behaviour trends and reverses in recognizable patterns, that he called waves.
•They are building blocks of larger versions of similar patterns and in turn, become the building blocks for
patterns of the next larger size and so on.
•In 1938, he coined this phenomenon The Wave Principle.
•Nature’s Law — The Secret of the Universe
5. The Elliott Wave Principle
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6. The Elliott Wave Principle
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7. The Elliott Wave Principle
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8. The Elliott Wave Principle
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Predict Market Directions
Identify Turning Points
Entries and Exit for positions
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Trade Setups
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A Combination of the following:
• Wave Patterns
• Trend Lines – Trends, Counter trends
• Fibonacci Ratios
• Price Support and Resistances
• Candlestick Patterns
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Trade Setups
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There are 5 tradable wave patterns
• Impulse Waves
• Diagonals
• Flats
• Zigzags
• Triangles
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Trade Setups
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14. The Elliott Wave Principle-Finding High Potential
Trade Setups
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Trade Setups
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Trade Setups
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Trade Setups
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18. The Elliott Wave Principle-Finding High Potential
Trade Setups (EURUSD 04102017)
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19. The Elliott Wave Principle-Finding High Potential
Trade Setups-(EURUSD 06102017)
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20. The Elliott Wave Principle-Finding High Potential
Trade Setups (EURUSD 12102017)
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21. The Elliott Wave Principle-Finding High Potential
Trade Setups (EURUSD 13102017)
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22. The Elliott Wave Principle-Finding High Potential
Trade Setups (Gold 05102017)
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23. The Elliott Wave Principle-Finding High Potential
Trade Setups-Gold06102017
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24. The Elliott Wave Principle
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25. The Elliott Wave Principle-Finding High Potential
Trade Setups (US Dollar Index 05102017)
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Trade Setups (US Dollar Index 10102017)
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27. The Elliott Wave Principle-Finding High Potential
Trade Setups (US Dollar Index 11102017)
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Trade Setups
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Summary of Trades:
EURUSD 1.1700 to 1.1800 – 180 pips
US Dollar Index 94.00/10 to 93.00 – 100 pips
Gold 1270 to 1300 – 30 points approx 300 pips
580 pips potential pips between
October 05 to 13, 2017.
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Trade Setups
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Conclusion:
Identifying Wave Patterns and Combining
Them with
Trend lines, Fibonacci Ratios
Support Resistance and Candlestick Patterns
Helps find high potential trades!!
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Trade Setups
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Thank You For Coming
May God Bless Us All
Yours Sincerely
Harsh Japee
Technical Analyst, Insta Forex Company
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