Here is a quick blog from our Live Trading Room host, Dan Hussey. Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage. The Live Trading Room is held daily at 8:00 AM EST , join Dan there for more insight into these proven methods of trading.
The IBEX and NIKKEI have developed into very similar continuation short setups. This trade, is one where we utilize a very specialized method of drawing a 50% Fibonacci Retracement, from a low in price of a wave 1, to the low in price of a wave 3. Ideally we are trying to find where the probable wave 4 scenario will find its resistance, and take an actionable setup in the direction of the prevailing trend. We were able to capitalize on this in the moment, and take a some solid setup… IN REAL TIME!
$IBEX and $NIKKEI Live Trading Room – Live Trading 6/16/2016 – 6/17/2016
This video is a highlight from the Live Trading Room (the daily recap for subscribers). We utilize Elliot Wave in conjunction with technical’s to provide the best Elliot Wave Analysis of the markets. Remember, trading isn’t about how much you make, or being right, its about managing risk. Inflection zones have a high probability to trade from their ENTRY areas to their T1 (first target). We exploit this statistical advantage by using Elliot Wave and inflection zones to manage our risk, while looking for setups in the direction that the EWF charts suggest. Join us daily from 8:00 AM EST!