In this short video I'd like to share with you take on the EUR/USD Elliott Wave count. I am not an Elliott Wave expert but I use what I call the 10 Seconds Elliott Wave Method popularised by Bill Williams (rip) in his book Trading Chaos. Here we go...
If you like the idea please leave a comment below and hit LIKE...
Like it but when you said EWP isn't perfect and you can bend the rules when it suits pretty much sums up EWP for me personally
iTradeAIMS
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@dmedin, thank you for your comment. I feel that clarification is required. There are two ways of looking or using the Elliott Wave method. One is the strict official way of the Elliott Wave principle. It's a world of its own. The other is the simplified version of Bill Williams of Profitunity.com. He popularised the 5/34 macd or oscillator to count Elliott wave. I use this method. For me, Elliott Wave is a Subjective Indicator albeit very useful to those who can think in probabilities. And yes, if Elliott Wave is not for you, its ok. There are many other ways to extract profits from the markets.