Power hour power point 12.08.2010b

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Power hour power point 12.08.2010b

  1. 1. Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN > EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN. CFTC/NFA Disclaimer
  2. 3. <ul><li>Daily Market Analysis </li></ul><ul><li>Daily Strategy Analysis (Live FxAlerts) </li></ul><ul><li>Forex Indicators – The Elliot Wave Indicator </li></ul><ul><li>Marcello Ducille’s Underground System Demonstration </li></ul><ul><li>Question & Answer Session </li></ul>
  3. 4. What is the Elliot Wave Theory? This theory is a popular method of analysis that applies a technical approach with a fundamental analysis interpretation. Elliott Wave Theorists also concentrate on the price action strictly, and agree to the notion that the price is the beginning and end of all analysis, but they recognize that there exists an important relationship between liquidity, credit, and economic robustness which underlies the existing price patterns in the market. Courtesy of google images and Investopedia Introduction
  4. 5. The Elliott Wave Theory is based on the cyclical nature of market events. Most traders are familiar with the fact that market events, and economical conditions tend to recur in time with a varying frequency. A growth phase may be exceptionally long, or a recession or bear market may be surprisingly harsh and deep, but the nature of trading and economic activity ensures that sooner or later the existing conditions will revert to the opposite, toward normal. Courtesy of google images The Elliot Wave Theory
  5. 6. Courtesy of Google images A wave theorist will divide the price pattern into several sub-patterns  and consider trade opportunities on the basis of trends that exist at lower levels. Although Elliott Wave Theory is often discussed in the context of decades or years, the fractal nature of the price action enables the application of the theory at any timeframe. The Bollinger Bounce Wave theory divides price action into five main phases. At the first phase, the trend is barely obvious as only a small number of traders are aware of its emerging potential. At phase two, there is a small correction, but it never brings prices below the inception point of the trend. Phase three is the strongest and most powerful, and also drives a large number of bystanders into the price action. Phase four is the ensuing corrective phase, and phase five is the final, bubbling phase of the trend where everyone is pushing in and massive amounts of capital enter the market. Phase five is followed by a collapse which ends the trend. Trading the Elliot Wave
  6. 7. Courtesy of Google images Deciding where each of these phases begins or ends is mostly a matter of intuition. As such, there are no generally accepted methods, and each trader will sooner or later improvise his own techniques for determining the time frame of a trend. This is not necessarily a problem, since the best way of coping with the resultant failures and losses is choosing a strategy that will accommodate your risk tolerance and mental resilience in trading. Since each person is different, interpretation of Wave Theory also varies from person to person. The Bollinger Bounce Trade the Elliot Wave
  7. 8. The Wave Theory is useful as a tool for organizing one's opinion about the markets, but it has very little predictive power in the storm of real market action. One could certainly use the theory to generate entry/exit points for trades, but consistent success is only possible if this theory is translated into a well-tested technical set of trading rules. Closing Notes
  8. 9. Are you part of the FxEdge Family? Become a Fan of myfxedge.com on Facebook and get free tips!
  9. 12. Are you part of the FxEdge Family? Become a Fan of myfxedge.com on Facebook and get free tips!

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