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Technical Analysis
Elliott
Wave Theory
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Testimonials
Great
site Kenny.
Technical
Analysis written in a straightforward way so that everyone understands.
There's
only a small few who get it consistantly correct and you are certainly
in
that group.
Chris
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Thanks
for putting this all together and sharing! BHW
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Awesome
Stuff! Kenny has shown time and time again the ability to show us direction in
these markets. Khalsa
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Kenny, I appreciate your insight and analysis. You make sense of what I can rarely see.
Thanks for sharing. Gene
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Took a gold short at 1240
just closed at 1203 :-)))))))))))))))))) ........ top call!! Gekko |
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Elliott
Wave Trading Resources
Interesting Articles from Elliott Wave
International
Elliott Wave International
Elliott
Wave International (EWI) is the largest market
forecasting
firm in the world. EWI's 20+ technical analysts provide
forecasts around-the-clock of
every major market in the world, via the internet and
proprietary web
systems such as Reuters and Bloomberg.
Elliott Wave International's educational
services
include
conferences, workshops, webinars, video tapes, special reports, books
and one of the internet's richest
free content programs, Club EWI.---All you need for
access is to create a free Club EWI profile.
EWI's
Financial Forecast Service is their most popular subscription package
and includes short term market forecasts updated three times per week,
their big picture analysis in the Financial Forecast and Elliott Wave
Theorist newsletters.
Interesting Elliott Wave Articles and Trading
Resources
from
Elliott Wave
International
|
Elliott
Wave: How You Can Make Yourself a Better Trader
The idea of being a successful trader is
exciting. The reality
of becoming one is another thing. You need to understand more than the
markets -- you need to understand yourself.
EWI's Senior
Analyst Jeffrey Kennedy knows what it takes. He has analyzed and traded
the markets for over 15 years. Jeffrey has learned what it takes to be
successful, and he has the discipline to apply that knowledge....
Read
more -
Elliott
Wave: How
You Can Make Yourself a Better Trader
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Elliott
Wave Theorist: A Rising Market Won't Stop the Economic Rot
Are you prepared for when the
"disconnect" between the market and economy reconnects?
Suppose you see a lovely house -- one with great curb appeal. It has
new paint and manicured shrubbery out front.
But
also suppose that you look more closely. You press your thumb on the
window sill and the wood frame crumbles in. Come to find out, the wood
is rotten in too many places to count. The deck joists and supports are
fractured. Even the terrain underneath the deck looks unstable. And the
closer you look the worse the problems are......
Read
more -
Elliott
Wave Theorist: A Rising Market Won't Stop the Economic Rot
|
Understand
Fibonacci - Learn How to Apply Fibonacci Ratios
Fibonacci ratios can be an invaluable
tool for calculating price
retracements and projections in your analysis and trading. This excerpt
from The Best Technical Indicators for Successful Trading explains the
origins of the Fibonacci sequence and how you can apply it to the
markets.......
Read
more -
Understanding
Fibonacci Ratios
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Did
the Past 7 Weeks of Rally Lull You to Sleep?
Bear markets are cunning beasts. Don't
get me wrong -- we are
not in the bear market territory yet. At least, not officially.An
"official" bear market begins when the stocks indexes decline 20%. The
DJIA's decline from the May 2, 2011 high to the September 21 low is
about 17%. Close, but no cigar.
Read
more -
Did
the Past 7 Weeks of Rally Lull You to Sleep?
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It's
All the Same Market in a Deflationary Environment
On September 22, the Dow and S&P
opened down over 2.5%. Oil was down, copper was down, and even GOLD was
down sharply. Watch this video excerpt from Robert Prechter's special
video issue of the August Elliott Wave Theorist where he explains what
is causing diverse markets such as these to move together in today's
environment.
Read
more -
It's
All the Same Market in a Deflationary Environment
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What
Personality Type Makes the Best Trader?
EWI's Jeffrey Kennedy shows you how your
psychological strengths and weaknesses determine your ability to "live
long and prosper" in fast-moving markets
Do your decisions rely on data, or
do you go with your gut?
Think about your most recent auto purchase.
Was it based on meticulous consumer research or did you go with a model
that "felt right"? How about the last time you had to
assemble something? Did you read the manual first or just
figure it out as you went?
What about your most recent successful stock market trade?.............
Read
more - What
Personality Type Makes the Best Trader?
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Evaporation
of Wealth on a Vast Scale
How $1-million can disappear
The bursting of the "debt bubble" which
started in 2008 is far
from over.
It's the financial story of our age and it's happening before our eyes.
The full scope is hard to keep up with because it's unfolding at
various levels.
The top level is the sovereign debt
crisis:...............
Read
more - Evaporation
of Wealth on a Vast Scale
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How
Analyzing Forex with ElliottWave Can
Help You Catch Both Rallies and Declines
FreeWeek
of Elliott Wave International's Currency Specialty Service is here thru
Nov. 18
On
November 1, the EUR/USD -- the euro-dollar exchange rate and the most
actively-traded forex pair -- was trading the $1.38 range, near the
level it is today.
But if you look at what the EUR/USD did
between November 1 and 9, you'll see a huge 400-point (or pip, in forex
lingo) rally into the November 4 top -- and an equally huge decline
back to the levels we see today.
That's an 800-pip "round trip" in just six
trading days.......
Read more -
How
Analyzing Forex with ElliottWave Can
Help You Catch Both Rallies and Declines
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The
Next Major Disaster Developing for Bond Holders
A
must-read FREE report for investors in fixed-income markets like
Treasury bonds, municipal bonds or high-yield bonds
Elliott
wave analysis can warn you of trend changes when the rest of the
investment public least expects a market reversal. With that in mind,
we have created a new report for our free Club EWI members: "The Next
Major Disaster Developing for Bond Holders."
In this free report,
you get some of the latest commentary on fixed-income markets adapted
from various Elliott Wave International's publications, including 2010
issues of Robert Prechter's monthly Elliott
Wave Theorist
..........
Read More - The Next Major Disaster
Developing for Bond Holders
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Deflation:
'Way Past the Point of No Return'
In
a world where most adults can remember worrying only about inflation,
not deflation, it's hard to get a grasp of what it will mean as
deflation continues to take hold in the U.S. economy. Certainly, the
declining value of homes is one serious gauge of what deflation feels
like. A look at deflation in Japan also helps fill in the picture.
Here's what our analysts say about the deflationary outlook in this
excerpt from The
Elliott Wave Financial Forecast, along with a link to our updated
Understanding Deflation eBook.
* * * * *
Excerpted from The
Elliott Wave Financial Forecast by
Steve Hochberg and Pete Kendall, published September 3, 2010
Read More - Deflation: 'Way Past the Point of
No Return'
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A
Trader Walks Into A Bar... Pattern: HOP-portunity On Tap
A free Club EWI resource
reveals how bar patterns signal high-probability trade setups
There's a little known joke among the
trading community that goes like this: "A
trader walks into a bar... pattern: 'Ouch!' "
Fact
is, if you don't know what you're doing, price bar analysis can be a
bit "painful." Finding a discernable pattern in their grouping can feel
like finding a hair in a hay stack.
But if you have the right
teacher -- say someone who has used bar pattern analysis for
twenty-plus years to signal dramatic moves in some the world's most
watched markets -- well, then the discipline is invaluable......
Read more - A Trader Walks Into A Bar...
Pattern: HOP-portunity On Tap
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7
Ways to Become an Unsuccessful Trader
Q&A with an experienced Elliottwave trader
reveals seven common trading mistakes.
To be a successful trader demands knowledge.
If you'd prefer to become an unsuccessful trader,
you can start by making the following common trading mistakes, detailed
by a professional who spent 25 years in portfolio management, trading
and forecasting in the financial capital of the world, New York City.
In 2002, Wayne Gorman, long-time Elliott
wave trader and current head of trader education at Elliott Wave
International, left his 35th floor Manhattan apartment and moved to the
quiet of North Georgia. He's been sharing his knowledge and skills with
aspiring traders ever since -- in both online seminars and before live
audiences around the world.
Wayne graciously agreed to a Q&A
about trading mistakes. In his interview, Wayne reveals seven common
mistakes traders make.
--------
EWI: Could you name two
mistakes frequently made by stock traders?
Wayne Gorman:
(mistake 1) The first big mistake is the flawed logic of extrapolation.
Many traders and investors assume that a trend will remain in force
until an "event" comes along to change it. But market trends are not
like billiard balls on a pool table. This false assumption will put you
on the wrong side of the market more times than not, especially at
major turning points.
(mistake 2) The second big mistake is to
suppose that news events drive market trends. In fact, the opposite is
true: economic, political and social events lag market
trends.
EWI: What are two common
mistakes among options traders?
WG: (mistake
3) One common mistake is to buy puts or calls that are way "out of the
money," with no other transactions to compliment them. Unless your
timing is absolutely perfect -- and who has perfect timing? -- your
chance of success is low. It’s like buying a lottery ticket.
(mistake 4) Another common mistake is to buy
options with too little time left to expiration. With less than one
month to expiration, the time decay begins to accelerate and the
chances of success diminish.
EWI: Please name a frequent
mistake among traders who aim to catch the beginning of a particular
Elliott wave.
WG: (mistake
5) In the middle of a corrective pattern, it's common to run out of
patience while waiting for confirmation of a trend change. You have to
give corrective patterns time to unfold before you jump in. This
requires discipline, and a solid understanding of the many ways
corrective patterns can unfold.
EWI: What's the biggest
misconception among traders about using Elliott waves?
WG: (mistake
6) Too many traders think Elliott wave is a trading system that tells
you exactly where to enter and exit a particular market. That's the
biggest misconception. The reality is that it's an analytical
and forecasting tool, which helps you develop and use your
own trading system, based on your own personal risk tolerance.
EWI: What technical indicators
do you believe traders over-rely on, and why?
WG: (mistake
7) Traders tend to over-rely on momentum indicators such as RSI,
Stochastics and MACD to precisely spot turning points. But to
paraphrase Mark Twain, markets can stay overbought or oversold a lot
longer than either you or I can remain solvent.
EWI: How would you
characterize today's market action, and do you teach courses that
address this environment?
WG: This is
a difficult stock market in the near term. Prices haven't strayed far
from where they began in January. The action has yet to break out
significantly to the downside or upside. This situation may not last
much longer. I can suggest these online courses to deal with the
current situation, and to prepare for the next big move:
This
article was syndicated by ElliottWave International and was originally
published under the headline Do
You Recognize These Six Common Trading Mistakes?.
ElliottWave International is the world's largest market forecasting
firm. Its staff of
full-time analysts lead by Chartered Market Technician Robert Prechter
provides 24-hour-a-day market analysis to institutional and private
investors around the world.
|
20
Questions with Robert Prechter: Long Decline Ahead
The following article is an excerpt from
Elliott Wave International’s free report, 20
Questions With Deflationist Robert Prechter. It has been
adapted from Prechter’s June 19 appearance on Jim Puplava’s Financial
Sense Newshour.
Jim Puplava:
I want to come back to government spending, but first I want to move
onto the stock market. In your last two Elliott
Wave Theorist issues,
you laid out a scenario that would put the Dow and S&P, which
in your opinion may have peaked on April 26, as the top from here. You
feel that this top is the biggest top formation of all time, a
multi-century top and we could head straight down in a six-year
collapse that would end in 2016 that could see a substantial portion of
the S&P and the Dow wiped out in a similar way that we saw
between 1929 and 1933. Let's talk about that and the reasoning behind
it.
Editor’s
Note: The article you are reading is just one small excerpt from
Elliott Wave International’s FREE report, 20
Questions With Deflationist Robert Prechter. The full 20-page
report includes even more of Prechter’s insightful analysis on fiat
currency, gold, the Fed, the Great Depression, financial bubbles, and
government intervention. You’ll learn how to protect your money -- and
even profit -- in today's environment. Read ALL of Prechter's candid
answers for FREE now.Access
the free 20-page report here.
RP: Yes,
you're exactly right. I did a lot of work on technical forms, cycle
forms and Elliott wave forms in April and May and put them in a double
issue. Let’s talk about the cycles first.
The 7¼-year cycle has been quite regular
since the first bottom in 1980. The next bottom was at the crash in
October 1987. The next one was November 1994, which is when the economy
went through four years with lots of layoffs; it was a recessionary
period throughout until that cycle bottomed. The next one was between
September 2001, which was the 9/11 attack, and the October 2002 bottom.
And the latest one was at the low in March 2009. All those periods are
7¼ years apart, so we are in the uptrend portion of the 7¼-year cycle.
However, notice for example that in 1987,
the market went up until August of that year and then bottomed in
October, just a couple of months later. So the decline occurred very,
very late in the cycle. This time it occurred a little bit earlier in
the cycle, topping in '07 and bottoming in '09. In the current cycle,
prices should peak the earliest of all of them. It's what we in the
cycle prediction business call “left-hand translation.” The market’s
already gone up for about a year, and I think that's just about enough.
I think we're going to spend most of the cycle going down. But the
important thing to note is that the next bottom is due in 2016. That
means I think we're going to have a repeat of what happened between
1930—which was the top of the rally following the 1929 crash—and the
July 1932 low. Instead of taking two years, it's going to take about
six years.
It's going to be a very long decline. It's
going to be interrupted by many, many rallies, just as the decline from
1930 to 1932 was. And every time it bottoms and rallies, people are
going to say “OK, that's enough; it's over.” But it won't be over. It's
just going to be a long, long process. I think you and I will probably
be talking a few times during this period. One of the interesting
aspects of this process is that optimism should actually remain
dominant through the first three years of the cycle. That will carry us
into 2012. Even though prices will be edging lower, most people are
going to think it's a buy, and you shouldn't get out of your stocks,
and recovery is just around the corner, probably for the next three
years. And then, for the final half of the cycle, the final three
years, that's when you'll get the capitulation phase when everyone
finally gives up.
Editor’s
Note: The article you are reading is just one small excerpt from
Elliott Wave International’s FREE report, 20
Questions With Deflationist Robert Prechter. The full 20-page
report includes even more of Prechter’s insightful analysis on fiat
currency, gold, the Fed, the Great Depression, financial bubbles, and
government intervention. You’ll learn how to protect your money -- and
even profit -- in today's environment. Read ALL of Prechter's candid
answers for FREE now.Access
the free 20-page report here.
This
article, 20
Questions with Robert Prechter: Long Decline Ahead,was
syndicated by ElliottWave International. EWI is
the world's largest
market forecasting firm. Its staff of full-time analysts lead by
Chartered Market Technician Robert
Prechter provides
24-hour-a-day market analysis to institutional and private investors
around the world.
|
Learn
Basics of Elliott Wave Analysis -- FREE
Ralph Nelson Elliott discovered the Wave
Principle in the 1930s. Over the decades, his discovery was kept alive
by a handful of individuals. A few of those, such as Bolton, Prechter
and Frost, educated investors on how to use pattern analysis in
financial markets.
To help out Elliott Wave International's
readers in learning the basics of the method, we put together a free
10-lesson online tutorial. Here's an excerpt. To get it in full, look
for details below.
EWI's Basic Elliott
Wave Tutorial
Lesson 1, excerpt
At that time [of his discovery], with the
Dow in the 100s, R. N. Elliott predicted a great bull market for the
next several decades that would exceed all expectations at a time when
most investors felt it impossible that the Dow could even better its
1929 peak. As we shall see, phenomenal stock market forecasts, some of
pinpoint accuracy years in advance, have accompanied the history of the
application of the Elliott Wave approach.
Under the Wave Principle, every market
decision is both produced by meaningful information and produces
meaningful information. Each transaction, while at once an effect,
enters the fabric of the market and, by communicating transactional
data to investors, joins the chain of causes of others' behavior. This
feedback loop is governed by man's social nature, and since he has such
a nature, the process generates forms. As the forms are repetitive,
they have predictive value.
The market...is not propelled by the linear
causality to which one becomes accustomed in the everyday experiences
of life. Nor is the market the cyclically rhythmic machine that some
declare it to be. Nevertheless, its movement reflects a structured
formal progression. In markets, progress ultimately takes the form of
five waves of a specific structure.

Three of these waves, which are labeled 1, 3
and 5, actually effect the directional movement. They are separated by
two countertrend interruptions, which are labeled 2 and 4, as shown in
Figure 1-1. The two interruptions are apparently a requisite for
overall directional movement to occur.
At any time, the market may be identified as
being somewhere in the basic five wave pattern at the largest degree of
trend.
Read the rest of this 10-lesson Tutorial and
see multiple charts now, free!
All you need is to create
a free Club EWI profile.
Read
the rest of this 10-lesson
Basic Elliott Wave Tutorial online now,
free! Here's what
you'll learn:
- What the basic Elliott wave progression
looks like
- Difference between impulsive and
corrective waves
- How to estimate the length of waves
- How Fibonacci numbers fit into wave
analysis
- Practical application tips for the method
- More
Keep reading this free tutorial today.
This
article, Learn
Basics of Elliott Wave Analysis,
was
syndicated by Elliott Wave International. EWI is
the world's largest
market forecasting firm. Its staff of full-time analysts lead by
Chartered Market Technician Robert
Prechter provides
24-hour-a-day market analysis to institutional and private investors
around the world.
|
Elliott Wave
Basics Explained - Learn More
You
have only just begun to learn the power and
complexity of Elliott Wave Basics Analysis. So, don't let your Elliott
wave
education end here.
We
discuss
Elliott Wave Theory in much more detail, here at TradersDayTrading.com,
but we also recommend that you join
Elliott Wave
International's free Club EWI to access the Basic Tutorial: 10
lessons on The
Elliott
Wave Principle and
learn how to use this valuable
tool in your own trading and investing.
It
is completely free
and you will find an
extensive library of educational materials in there to
help you get the most
out of this unique technical analysis tool.
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Return from - The
Elliott Wave Trading Resources to
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