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by
Jim Martens - Senior Currency Strategist
8/25/2008 7:30:00 PM
Whenever I talk about how to use the Elliott Wave Principle in forex trading, I always spend the majority of the time talking about the price patterns R.N. Elliott provided us with over seventy years ago. Those patterns are the heart and soul of the Wave Principle. But more and more I'm asked prematurely about Fibonacci relationships. Here are some thoughts on that... (EWI's Currency Specialty Service FreeWeek continues through noon on August 27. Keep reading for details.)
Filed Under:
USDCHF, cable, dollar index, double zigzag, flat correction, fibonacci, forex trading, forex forecasts
Category:
Currencies
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by
Jim Martens - Senior Currency Strategist
8/25/2008 7:00:00 PM
Whenever I talk about how to use the Elliott Wave Principle in forex trading, I always spend the majority of the time talking about the price patterns R.N. Elliott provided us with over seventy years ago. Those patterns are the heart and soul of the Wave Principle. But more and more I'm asked prematurely about Fibonacci relationships. Here are some thoughts on that... (EWI's Currency Specialty Service FreeWeek continues through noon on August 27. Keep reading for details.)
Filed Under:
USDCHF, cable, dollar index, double zigzag, flat correction, zigzag correction, forex trading, forex forecasts
Category:
Currencies
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by
Vadim Pokhlebkin
4/22/2008 5:00:00 PM
Tuesday brought another piece of bad news for the U.S. dollar: For the first time in history, the exchange rate between it and the euro went above one dollar and sixty cents. That, from a standpoint of technical analysis methods (one of which is Elliott wave) is a very interesting moment for the euro-dollar – for two reasons...
Filed Under:
euro-dollar exchange rate, round numbers, european central bank, interest rates differentials, eur/usd, forex trading, cable
Category:
Currencies
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Announcing EWI's New eBook ...
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This powerful 90-
page eBook will help you learn to formulate and execute your own trading strategy by combining wave analysis with Fibonacci relationships.
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.
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