GBPUSD Can a dip into the $0.60-$0.30 area happen?

GBPUSD WEEKLY 20161227132438

The GBPUSD has been declining since the late 1960’s. The currency instrument did see a three wave decline into the 1985 low. This low represents either a pause into the longer term decline sequence or the beginning of a new bullish sequence. From the 1985 lows the currency rallied for 22 years based in Elliott wave hedging, which means both bearish and bullish sides agreed on the bounce. As of right now, we are looking at the 1985 low as a line which supports or negates the GBPUSD moving into … [Read more...]

Elliott wave Theory: The Truth behind the subjection

EURUSD-Weekly EW Subjectivity blog

Elliott wave Theory : The Truth behind the subjection As everyone knows by now, we at Elliottwave-Forecast, are always betting in the future. When you do forecasting for a living, it become a habit looking ahead everyday instead of looking behind. During the history of mankind, many theories and projects have been developed and created, but if we held onto the initial versions, we neither would have enjoyed the developments we have today, nor our society would be so up to the time, and our … [Read more...]

USDCAD: Buying the dips using the Elliott wave Theory

USDCAD 18 October 4 Hour

The Elliott wave theory was developed in the 1930’s and in the theory, the main idea is that the market advances in five waves and corrects in three waves. Since 1930’s, the world has changed a lot now we have computers and we can see multiple instruments and we can measure momentum and many other tools. When the theory was developed, we didn't have any of these tools and consequently it was developed just based on the charts of few instruments due to the inability of the time and the lack of … [Read more...]

EURUSD: Is the decline from 8/18/2016 a 5 wave move?

EURUSD-DAILY20161017153459

The Elliott wave theory explains that in a five waves move, every subdivision has to come in five waves three of which will advance in five waves and two would be pull backs of those against the trend. In this video, we are going to take a look at the decline in EURUSD from the peak of August 18, 2016. We are going to look at every single subdivision and try to decode if every decline is in five waves or not and based on that we would decide if the decline from 8/18/16 should be labelled in a … [Read more...]

The Art of Trading

$ SPX sequences 20161010194151

The Art of trading: Using Elliott wave as a compass Many years have passed since the creation of markets, trading and since the introduction of the Elliott wave Theory. The Reality is that for years traders have been trying the best way to get money out of the Market, which sometimes is easier than others. Trading, by concept, is an active style of participating in the financial markets that seeks to outperform traditional buy-and-hold investing. Rather than seeking profits from long-term … [Read more...]

The Right side in Elliott wave

The Right Side

Many traders come to the Marketplace with the illusion of becoming rich and following the steps of successful people in movies or TV series when they see the private jets, boat, and big houses. Some come with the humble idea of providing for their family using trading as a form of Income. The truth is it is possible to do both and grow into either a powerhouse and making millions or providing for your family and have a decent way of living. However, in between, there is a lot of things to learn, … [Read more...]