Poor money management is the reason why many traders end up losing even when they have access to a system with very good accuracy. In this video we talk about the importance of money management to success in trading, how to calculate the right position size, importance of risking the same percentage of capital on […]

One of the ways to determinate end of corrections(potential reversal areas) is by using Fibonacci retracement levels in your analysis approach . In this blog, we’re going to explain some basic things about Fibonacci retracements. Fibonacci retracement is a popular tool among Elliott Wave practitioners and is based on the key founded by mathematician Leonardo Fibonacci. The most important […]

Best reading of Elliott wave cycles suggests decline from 0.7914 ((X)) high is taking the form of a triple three structure. Triple three is an 11 swing structure labelled here as ((w))-((x))-((y))-((z)). Drop to 0.7748 completed wave ((w)), recovery to 0.7860 was wave ((x)), dip to 0.7696 was wave ((y)) and 2nd wave ((x)) is considered completed […]

In this educational video, we are going to take a look at (W)-(X)-(Y) Elliott wave structure which is one of the most important structures in the market. It is a 7 swing Elliot Wave structure and is commonly known as a double zig-zag but we would like to point out that every (W)-(X)-(Y) structure is […]