Elite Trader’s Secrets
Market Forecasting with the New Refined Elliott Wave Principle
Pattern Recognition System
By Rich Swannell
For the first time since its discovery in the 1930’s, The Elliott Wave
Principle has been statistically analyzed, verified, refined and
improved. The strengths of Elliott have been verified, the
weaknesses identified and corrected. The result is a more powerful
and accurate market-forecasting tool than ever before available.
If you are serious about taking money out of the markets, you need
this critical information.
“I wouldn't trade without it” - Sam Bleecker
“The analysis and direction that may happen is right
most all the time.” - William Witt
“The number of profitable trades I've made has more
Sunday, July 31, 2011
Friday, July 29, 2011
pinbar part 3
Now this is a great strategy to use in a trending market, you just need to draw your support or resistance level and when price retrace to those levels wait for a pin-bar formation and take your position in the direction of trend. Very easy indeed and the simpler it is the more profitable it will be.
pinbar part 2
Bearish Pin-Bar:
Interpretation: For a valid Bearish Pin Bar, price must move up forming a long pin at least twice the size of the head (distance between the close and open) and return to close at or lower than the high of the previous bar.
Interpretation: For a valid Bearish Pin Bar, price must move up forming a long pin at least twice the size of the head (distance between the close and open) and return to close at or lower than the high of the previous bar.
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