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 from 12:30 PM EST (5:30 PM BST), join Dan there for more insight into these proven methods of trading.
EURUSD – Pre ECB Technical Analysis and Trade Plan – 1.21.2015
I want to also point out that I am NOT looking to take a EURUSD long into the shorts setups discussed in the video. I am looking to sell the news spike rally, or the inflection zone and get free (before news) – but my setups and trade has nothing to do with the news itself or the outcome thereof.
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 and how much you DO NOT LOSE! Regardless of larger Elliot Wave structure or trends, 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 Elliot Wave charts suggest. Join us daily from 12:30 PM until 1:30 PM EST.Back