Market Correlation Market correlation is one of the powerful techniques we use to forecast the market. Many traders, especially beginners, make mistake by trading and forecasting only one or a few instruments.  E.g. the most popular are EURUSD, USDX, SPX, DAX, Gold.  Although EURUSD is the most popular forex pair ever, it doesn’t always have […]

EURJPY has been in a sideways consolidation for the last few weeks and today it broke lower from the consolidation. Many might view it as start of a sustained decline but looking at the choppy nature of the decline from blue (3) peak, we are viewing it as a wave (4) blue pull back of an […]

Hello fellow traders. In this technical blog we’re going to present another nice trading opportunity of USDJPY and we’ll explain the strategy in a few words. The video below is a short capture from the London Live Session 01/05/2017 held by EWF Senior Analyst Daud Bhatti. USDJPY Trading strategy: Our Elliott Wave forecast suggests USDJPY […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of Russell 2000 ( $RUT). We’re going to explain the structure and see how we guided our members through this instrument. The chart below is $RUT daily update from 10.23.2016. Price structure is showing incomplete […]

Another year is almost over. What an interesting year it has been. Two major and rather unexpected geopolitical developments: Brexit and the election of Donald Trump, are not able to halt the march of the world indices. The American Indices in particular manage to rally to all-time high. With only a few trading days left in […]

In this technical blog we’re going to give you some tips on how to avoid one of the most common traps in Elliott Wave trading. We will try to close you to our strategy, emphasizing importance of trading with the trend. Many beginner traders believe that spotting formation of a good pattern or clear Elliott wave […]