Welcome all who would like to view and discuss Elliott Wave Theory as it pertains to the FOREX markets. I trade only seven currency pairs...EUR/USD, GBP/USD, USD/JPY. AUD/USD, USD/CAD, EUR/GBP and EUR/JPY. More than this just blows my mind because it is too hard to keep track of wave counts on all pairs. So, these pairs listed will be the only pairs that I will discuss on this forum. I also would like everyone to respect everyone's opinion and not slander anyone else or you will be banned.
A little about myself...I have been trading for over 10+ years now and like most of you have seen ups and downs, profits and losses, blown accounts and now can say that I am a professional trader doing what I love to do. I also run a Forex website and teach Forex newbies how to trade how I trade. I didn't use Elliott Wave when I first decided to trade and was always looking for that perfect indicator out there. However, every indicator that I tried to develop a strategy around, came out short and was more of a lagging indicator then a leading indicator. I was introduce to Elliott Wave Theory when I was a trade manager for a small option firm and one of the analysts "Bob" was an older gentleman began teaching me about Elliott Wave. Now the one thing that is hard with Elliott Wave is determining the time length of a wave. Wave counting becomes fairly easy but how long waves last is still very difficult to chart. This puts a little damper on selling naked put and call options on the Q's and SMH equities that we were trading. We had success but it was not the success I was striving for and at that time Elliott Wave Theory seemed like it didn't pan out very well...so I put it on the back burner and tried several other strategies. Nothing seemed to work! I traded stocks, options, futures, commodities and then I came to FOREX!! Boom, I found my niche...Forex just seemed right for me. The hours it was opened, the decentralized location, the brokers, the spreads....it just made sense to me or should I say it fit me like a glove. I had blown other accounts in other markets so this market (by the way the largest market in the world) I was determined to succeed!
Once again I started out with past strategies that hadn't worked in other markets and I thought to myself...could they would work in the Forex market? I was wrong! Started to lose money again!! So I sat back and analyzed what I was doing wrong and I figured out that all my strategies were all based off of lagging indicators. So I started to search, long story short in the back of my mind I remembered several years back about "Bob" and Elliott Wave. I thought to myself, I wasn't trading options like in the past would Elliott Wave work on Forex? So I started to read several books and view other traders that used Elliott Wave Principal and little by little I saw my account profits rise. I was hooked and here I am trading Forex professionally and even trading for others under a LAMM account.
So there it is my brief history...I hope you like what I post, everything is not perfect just as every trade is not perfect. But hopefully we can exchange information that will make us better traders. Green Pips to you all!!
A little about myself...I have been trading for over 10+ years now and like most of you have seen ups and downs, profits and losses, blown accounts and now can say that I am a professional trader doing what I love to do. I also run a Forex website and teach Forex newbies how to trade how I trade. I didn't use Elliott Wave when I first decided to trade and was always looking for that perfect indicator out there. However, every indicator that I tried to develop a strategy around, came out short and was more of a lagging indicator then a leading indicator. I was introduce to Elliott Wave Theory when I was a trade manager for a small option firm and one of the analysts "Bob" was an older gentleman began teaching me about Elliott Wave. Now the one thing that is hard with Elliott Wave is determining the time length of a wave. Wave counting becomes fairly easy but how long waves last is still very difficult to chart. This puts a little damper on selling naked put and call options on the Q's and SMH equities that we were trading. We had success but it was not the success I was striving for and at that time Elliott Wave Theory seemed like it didn't pan out very well...so I put it on the back burner and tried several other strategies. Nothing seemed to work! I traded stocks, options, futures, commodities and then I came to FOREX!! Boom, I found my niche...Forex just seemed right for me. The hours it was opened, the decentralized location, the brokers, the spreads....it just made sense to me or should I say it fit me like a glove. I had blown other accounts in other markets so this market (by the way the largest market in the world) I was determined to succeed!
Once again I started out with past strategies that hadn't worked in other markets and I thought to myself...could they would work in the Forex market? I was wrong! Started to lose money again!! So I sat back and analyzed what I was doing wrong and I figured out that all my strategies were all based off of lagging indicators. So I started to search, long story short in the back of my mind I remembered several years back about "Bob" and Elliott Wave. I thought to myself, I wasn't trading options like in the past would Elliott Wave work on Forex? So I started to read several books and view other traders that used Elliott Wave Principal and little by little I saw my account profits rise. I was hooked and here I am trading Forex professionally and even trading for others under a LAMM account.
So there it is my brief history...I hope you like what I post, everything is not perfect just as every trade is not perfect. But hopefully we can exchange information that will make us better traders. Green Pips to you all!!
