Best reading of the cycle in the short term suggests decline to 1.454 ended wave ((w)). Wave ((x)) bounce is unfolding as a double three structure where wave (w) ended at 1.476, wave (x) ended at 1.461, and wave (y) of ((x)) is in progress towards 1.483 – 1.488 area before the pair turns either […]

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. GBP/JPY Live Trading […]

Best reading of the cycle suggests that rally to 2.057 ended wave X. From this level, the pair resumed the decline in wave ((w)) as a double three structure wxy where wave w ended at 2.0168, wave x ended at 2.04, and wave y of ((w)) completed at 1.98. Wave ((x)) bounce unfolded also in double three […]

Traders, usually, have been told that Price is the most important aspect of the trading dynamic. We have been told to look at the charts all day and follow every swing the Market does, sometimes even dropping down to the 1 minute chart and using a range of indicators to try and decode the price action. […]