Forex FreeWeek :: Elliott Wave International

How to Use the MetaTrader

The online metatrader platform is the platform of choice for almost all Forex traders. Even traders that are not currently using it, know what the platform is and its capabilities. The platform is offering three types of charts that are possible to be used when analyzing the market: a line chart, a bar chart, and candlesticks chart. A line chart shows a simple line that rises and falls together with the price of a currency pair. It has little or no importance in the technical analysis of a market. Bar charts show bars in a time frame that have the high and the low of that time frame, as well as the opening and closing level. This is enough for trading theories to be developed and for traders to try to interpret and forecast future prices based on how a bar chart is looking like. A bar chart on the monthly chart means that each bar represents one month and the high and the low in that bar, as well as the opening and the closing prices, are the ones corresponding to that timeframe, the monthly time frame.
What to do with MetaTrader platform For this reason, the trading theories developed based on interpreting bar charts are considering the time frames used in the analysis. From the daily chart above to the weekly and monthly, the trading style is suited for swing trading and investing, while lower time frames are favored by traders that scalp their way in a trading session. A candlestick chart is, by far, the most popular chart type used by retail traders. There are multiple candlestick patterns that can be interpreted and used, thanks to the Japanese Candlesticks techniques.
The Western world was surprised to find out that the Japanese have their own way to predict future prices: patterns based on candlesticks. Up until this moment, it was believed that the classic patterns like the head and shoulders, the rising and falling wedges and others alike, are the only approach to technical analysis. Trading theories like Elliott Waves and other were not even invented when the Japanese candlesticks became popular. The candlestick techniques are mostly used to forecast reversal after strong trends.
A candlestick has two part: the body and the shadow. The body is being marked by the space between the opening and the closing price. If the closing price is higher than the opening price, the candle is bullish, and typically it is colored in green, as this is the color associated with a market advance. If the closing price is lower than the opening one, the candle is a bearish one and it is associated with the red color.
The hammer is the most popular Japanese candlestick pattern. It is formed out of a single candle, and the body of a hammer can be either red or green, without influencing its outcome. As a rule of thumb, the hammer is a bullish pattern, and this means it appears at the end of bearish trends. A bearish trend that ends with a hammer will most likely reverse, as the hammer shows bulls are stepping in. Typically, a hammer is having a very long shadow. The bigger the shadow, the more powerful the pattern is. The opposite of a hammer is called a hanging man, and the idea behind trading and interpreting it is the same like in the case of a hammer, with the only distinction that the hammer calls for long trades to be taken, while a hanging man is a bearish pattern and shorts should be traded. The idea behind this article was to get you familiar with the Japanese candlestick techniques and the hammer is the most representative of them all. Other patterns fit in this category as well, but they should be the subject of a different topic.
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January FOREX Forecast on USD/JPY

First numbers of January. USD/JPY Weekly Forex forecast. The ratio of the dollar against the Japanese yen in recent years has changed a lot in the direction of the dollar. The economic situation in Japan can be read in the calendar of events of the Forex Market News. After September 13, the economic situation in Japan was shown in the chart. The formation of a new trend going on at a brisk pace. The currency pair EUUSD increased by 360 pips up to 80.70 point. And then, the currency pair went into a small correction to 79.06 and then the pair went into a small correction, and then it increased again by 760 pips to point 86.65. Ultimately, USD/JPY increased by almost one thousand pips. On the chart we will look formation of the fourth wave by Elliott. By Elliott Wave theory the fourth wave is usually a horizontal channel, or another flat. The fourth wave can down to maximum of first wave down to point 80.70. And after that moving maybe growing up higher than USD/JPY - 89.30. We recommend opening the transaction after the fourth wave on timeframe Daily. It is possible that when the fourth wave is below the first wave - then you have to follow the formation of a new downwards trend. More here
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Learning Elliott Wave Flat Structure - YouTube NZDUSD In Impulsive Decline  ELLIOTT WAVE FORECAST Market Analysis using Elliott Wave and Harmonic Patterns ... Forex Forecast Elliott Wave for S&P 500, EUR/USD, AUD/USD ... Daily Market News April 22  ELLIOTT WAVE FORECAST Elliott Wave Forecast by Forex Forecast Elliott Wave for S&P 500, EUR/USD, AUD/USD ... Oil Shows 5 Waves Rally  ELLIOTT WAVE FORECAST AUDUSD In 3 Waves Correction  ELLIOTT WAVE FORECAST EURUSD Further Strength Expected  ELLIOTT WAVE FORECAST

Elliott Wave View in Nasdaq (NQ) suggests it is currently within wave ((5)) from March low. The Index still needs to break above wave ((3)) at 12465.25 on September 2 high to validate this view. Internal of wave ((5)) is unfolding as an an impulse Elliott Wave structure where wave (1) ended at 12249 and wave (2) pullback ended at 10945.77. In ... Elliott Wave International is the world’s largest independent financial forecasting firm. We have guided our subscribers through major market and economic moves for over 40 years. This is a massive figure and way more than the combined figure of all stock markets. Back in 2013, average daily trading volume for New York Stock Exchange was $22.4 billion, Tokyo Stock Exchange was $18.9 billion and London Stock Exchange was $7.2 billion. Whereas, average daily trading volume for the Forex Market was $5.00 trillion. Here you will find the daily Forex analysis based on the famous Elliott Wave theory.Five currency pairs are researched in each video — EUR/USD, GBP/USD, USD/CHF, AUD/USD, EUR/JPY, USD/CAD, and USD/JPY. A Forex forecast is produced for each of them using the Elliott Wave count techniques and some supporting indicators. Elliott Wave view in Russell (RTY) suggests the rally from September 24 low unfolded as an impulsive Elliott Wave structure. Up from September 24 low (1426.20), wave 1 ended at 1530.80 and wave 2 pullback ended at 1490.70. From there, Index rallied and ended wave 3 at 1617.70 and wave 4 ended at 1563.10. Last leg higher in wave 5 ended at 1651.70. The 5 waves... FREE Elliott Wave Principle; Club EWI; Free Commentary; About Us; Log In; Customer Care; Cart; Access MyEWI; Log In; Customer Care; Login Below to Access Forex FreeWeek. Don't have an account? Create one here . Email or User ID. Password. Log In. Forgot Your Password? Join Club EWI — Free. Unlock tons of free reports, videos, forecasts and more – designed for investors like you. Create ... By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including ...

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Learning Elliott Wave Flat Structure - YouTube

Learning Elliott Wave Flat Structure Elliott Wave Flat is one of the more difficult Elliott Wave structures to forecast and trade. In this webinar, we will l... This webinar gives a global market analysis using Elliott Wave and Harmonic Patterns. This overview covers the S&P 500, Crude Oil, EUR/USD and Gold. Visit ht... Oil shows 5 swing sequence from Feb 5 low, and can see further upside while dips stay above Feb 18 low. This video looks at the Elliott Wave path. Gold Plan Promotion: 14 ... AUDUSD ended the cycle from 12.31.2019 high as 5 waves and now correcting that cycle in 3, 7, or 11 swing. Gold Plan Promotion: 14 day... Forex Forecast Elliott Wave for S&P 500, EUR/USD, AUD/USD, Gold (October 12, 2020) In this video I will show you Elliott wave forecast on the following instr... To learn more about Elliott Wave, ... Daily Market Analysis call - February 21, 2020 - Duration: 23:52. Trading with Venus 585 views. 23:52. Elliott Wave Structure and Fibonacci Ratio Seminar ... Daily Market News looking at the spike in energy prices on the day pushing Oil to fresh 2019 highs. Earnings releases of interest tomorrow & US Housing data. Category: Add tags like Elliott wave ... Forex Forecast Elliott Wave for S&P 500, EUR/USD, AUD/USD, Gold (September 28, 2020) In this video I will show you Elliott wave forecast on the following ins... Resource: The video explains how you can trade the Spot Forex currency pairs using my Elliott Wave Forex Foreca... EURUSD shows incomplete sequence from Oct 1, favoring further strength. This video looks at the short term Elliott Wave path. 2 for 1 End of Year Promotion: 14 days FREE ...