rockstar Posted January 19, 2012 Share Posted January 19, 2012 i would like to share my analysis of Elliott waves, i have searched the forum but there is lack of this type of analysis: so i will try to put a daily figure here in this topic, all members are welcome to share their experience & to cooperate together i will begin with eur/usd for the short time period: Quote Link to comment Share on other sites More sharing options...
budado Posted February 20, 2012 Share Posted February 20, 2012 So where is the update? its seems you already forgotten your thread. Anyway. I'm not really that familiar with elliott waves. but as far as my trading strategy is concern. I always try to find new and better way to earn in forex trading. Right now what I learn about ellitott as I do some research about this strategy when I don't find good information in this thread and I hope that what I learn in my research I will apply it in my trading practice and see if its look promising. Quote Link to comment Share on other sites More sharing options...
ganthiraj Posted June 22, 2012 Share Posted June 22, 2012 Im not sure what you are looking for in a currency pair, but here are some facts that will help you get a good idea about the majors: Fast moving currency pairs: GBP/USD and USD/CAD Slow currency pairs: AUD/USD, NZD/USD and USD/JPY Moderate pairs: EUR/USD and USD/CHF Hope this helps. Quote Link to comment Share on other sites More sharing options...
euro Posted September 18, 2013 Share Posted September 18, 2013 Well, pairs have different movement all the time. They will move all the time according to the market so you could possibly make money all the time and its not just a one time deal. Now, the pairs will move according to news and politics. Lately, the Syria war crisis caused the Eastern Yen to fall and the western dollars or euro to rise against the yen and created a lot of movement that is profitable so you could have made money there. The euro against the usd or yen is quite good with trends. Quote Link to comment Share on other sites More sharing options...
myregister Posted November 20, 2014 Share Posted November 20, 2014 I don't use technical analysis anymore such as Price Action Pattern, i prefer fundamental analysis with news as my basis to analyze the market and for sure to liquid major pairs. Using this way does not require much time with lesser chance to loss. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 1, 2015 Share Posted September 1, 2015 It is still important price action could be useful when the times is right, sometimes i use it too even well same like you i use fundamental analysis with news as my own main base to reap more profit. I see that major currency pair is easily to predict in most cases, i seldom find it is hard to analyze the major pairs. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted August 23, 2022 Share Posted August 23, 2022 It is important to understand that analysis is a big part of success for a trader. And accordingly, an incorrectly made analysis is a big mistake. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted November 23, 2023 Share Posted November 23, 2023 Elliot waves work great on high timeframes like 1W but sometimes you have to wait a lot to enter a trade. Could be not so great for traders who used to make frequent trades. Though I find this tool extremely useful trading with Hotforex. Quote Link to comment Share on other sites More sharing options...
bigxy Posted April 4 Share Posted April 4 New traders should also look higher time frames for making their trade decisions instead of trying to scalp markets because they will only loose money during getting in and out on shorter time frames. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted April 16 Share Posted April 16 On 4/5/2024 at 2:12 AM, bigxy said: New traders should also look higher time frames for making their trade decisions instead of trying to scalp markets because they will only loose money during getting in and out on shorter time frames. Absolutely, focusing on higher time frames can provide new traders with more reliable and clearer signals, as they are less susceptible to market noise and fluctuations compared to shorter time frames. Additionally, trading on higher time frames with HFM allows traders to avoid the pitfalls of frequent trading and excessive transaction costs associated with scalping. By adopting a more patient and strategic approach, new traders can better analyze trends and make informed trading decisions, which can lead to more consistent and profitable outcomes in the long run. Quote Link to comment Share on other sites More sharing options...
radex78 Posted June 13 Share Posted June 13 Apart from paying attention to the time frame, it is important to also follow news updates which are expected to have a high impact on the market. News is often a trigger for currency price movements so this cannot be ruled out. News such as inflation data, interest rates, job data can have an influence on the currency. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted August 14 Share Posted August 14 It is still important price action could be useful when the times is right, sometimes i use it too even well same like you I use fundamental analysis with news from HFM economic calendar as my own main base to reap more profit. I see that major currency pair is easily to predict in most cases, like EURUSD or USDJPY, I seldom find it is hard to analyze the major pairs. Quote Link to comment Share on other sites More sharing options...
bigxy Posted September 18 Share Posted September 18 New traders should stick with the major currency pairs trading instead of going to the exotic ones since majors have more liquidity and average competitive spreads as compared to the other in my opinion. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted October 2 Share Posted October 2 On 9/18/2024 at 6:08 PM, bigxy said: New traders should stick with the major currency pairs trading instead of going to the exotic ones since majors have more liquidity and average competitive spreads as compared to the other in my opinion. Depends on your strategy. With HFM I trade swap arbitrage and this strategy needs exotic pairs. Quote Link to comment Share on other sites More sharing options...
bigxy Posted October 4 Share Posted October 4 Yes i agree with you since forex trading is a solo sport in my opinion and some strategies work best for me while others may incur loss while implementing them on their account. Its better to learn and come up with your own strategy in order to make money in forex trading. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted October 16 Share Posted October 16 Focusing on higher time frames can provide new traders with more reliable and clearer signals, as they are less susceptible to market noise and fluctuations compared to shorter time frames. Additionally, trading on higher time frames with HFM allows traders to avoid the pitfalls of frequent trading and excessive transaction costs associated with scalping. Quote Link to comment Share on other sites More sharing options...
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