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Forex Trading, seen the perfect elliot wave!

Discussion in 'Making Money' started by ThunkData, Mar 28, 2013.

  1. ThunkData

    ThunkData Newbie

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    Seen this perfect elliot wave yesterday...


    7PWXPZC.jpg
     
  2. Cindy

    Cindy Power Member

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    Hey, I'm new to trading forex, what's an elliot wave? I've taken the course at babypips and read some other web sites, but I'm still lacking the knowledge how / when to really get in on successful forex trades, could you point me in the direction of some good training / sites / videos / guides? Thanks!
     
  3. Aaric

    Aaric Elite Member

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    What's so special in it ?
     
  4. ThunkData

    ThunkData Newbie

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    Elliot waves are great, if you seen one forming and you get on board, you can predict the market with more probability, elliot waves have 5 waves, with a, b, c adjustments. Cindy, a simple google search will bring you to the information, if you can't do that, then this probably isn't for you, as it takes years of practice to see results.
     
  5. blackberry

    blackberry Power Member

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    Your talking crap.

    Those are not Elliot waves.
    That is a classic 1,2,3 pattern.


    PS: I spent 6 years trading FOREX (technical trading), and I worked for a broker, so I know what I am talking about.
    This has gotta be an april fools joke.



     
  6. Hexiuss

    Hexiuss Registered Member

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    Lol april fools... worst day to be in the "making money" part of bhw. I'd stay far away from investing for income unless you have large amounts of cash to leverage against. as 10% of 10k trading account= 1K and 10% of a 10m trading account= 1m for the same amount of work.
     
  7. ThunkData

    ThunkData Newbie

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    ... Ahh go fuck yourself. 1-2-3 is the starting of an elliot wave, so get your 6 years of sucking dick for coke out of this thread
     
    Last edited: Apr 2, 2013
  8. blackberry

    blackberry Power Member

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    A perfect elliot wave consists of 5 waves.

    You picture only shows 3.
    Therefore by definition, this is not a perfect elliot wave.
    Even on BHW 3 is not equal to 5



     
  9. ThunkData

    ThunkData Newbie

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    Up and down is considered a wave bro, do you not realize that?

    27551_a.png
     
    Last edited: Apr 2, 2013
  10. spure

    spure Junior Member

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    Bro they got to 5 on the third peak... How does that make sense? One wave is a complete up and down cycle.

    Sent from my DROID RAZR HD using Tapatalk 2
     
  11. ThunkData

    ThunkData Newbie

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    Did you even look at the diagram? Do you even know what an elliot wave is?

    http://www.blackhatworld.com/blackhat-seo/attachments/making-money/27675d1364900076-forex-trading-seen-perfect-elliot-wave-27551_a.png

    So if one wave is a complete up and down, then where is the correction phase...
     
  12. ceeandkay222

    ceeandkay222 Newbie

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    Market Profile graphs are a lot more useful than the subjectivity of identifying "Elliot Waves"....
     
  13. infoasian

    infoasian Supreme Member

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    Elliot Waves are one possibility, but they don't always happen.