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MurreyMath Elliotwaves System
Hi friends i have developed a system based on murrey maths and elliotwaves any resources you have pls post here so we all can learn i will also post what i find , resources like ebooks only or some indicator for EW, MM indicator already available here.
thank you Last edited by choosenOne; 02-25-2006 at 12:42 AM. |
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Last edited by choosenOne; 02-25-2006 at 12:46 AM. |
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with in them create or look for waves |
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thanks for posting those homicidia, i am right now creating charts to post here to give my view on MM and EW together weekends are good to mke these analysis during the week i am busy trading but i will try to post some during the week so we can check out the show,
Most important Rule : +2,+1,8 MM and -2,-1,0/8 ( nothing else) we need to keep this in our mind we take trades or prepare to get in trades from these levels |
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Basic EW Concept
Ok now time to cover some basic Ew concept we need with this system
( a note to ew gurus who might be watching this thread -- i am taking into account only those people who are really new to forex and have no idea about trading and in my trading career i have changed many laws once made for ew so if you find my theory different than what it is then let it be we are concerned in making money not after acedemic theories . (1) Market unfolds in 5 wave structure which is known as impulsive if lets say the trend is going up then.. we will start at Low which is [0] and new high is made which will be [1] after these two things happen we expect a retracement.. for people who are new to this ( retracement is a movement against the last [0] to [1] move) we expect this retracement to finish before [0] is reached and we label it [2] ( this is also known as Classic 123 ) lets stop here for a moment .. i need to find a book or some notes on ew to also upload if someone also has it pls upload *** Ew is the most important part and unfortunately the most hard part of this system but with practise we will all make it there i am sure **** be back after a while.. Last edited by choosenOne; 02-25-2006 at 04:06 PM. |
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