544# Elliott Wave Trading System

Submit by Mike trader 01/03/2014)

 Elliott wave trading is a wave pattern in Forex or stock trading technical analysis to identify and read the market price trends by determining tops and bottoms in market price.

This Elliott wave principle determined a fixed wave pattern to market price fluctuations in the Forex market, commodity market, Forex trading market and etc. Elliott wave method has 2 kinds of waves: impulse & corrective. Impulse waves trade in the way of the bigger degree wave, and corrective waves move in reverse.

Time Frame: 60 min, 240 min, daily and Weekly time frame.

Currency pairs: any, Indicies, Stocks, Metals (gold and silver).

Elliott Wave trading system indicators:

200 Exponential moving average (levels: 1440 -1440; 2330 -2330; 890 -890; 550 -550; 0; 3770 -3770; 6100 -6100);

4 Exponential moving average;

200 Exponential moving average (levels 130 -130; 210 -210; 340 -340; 550 -550; 890 -890; 1440 -1440);

11 Exponential moving average;

MT4 good trade;

Color RSI (27 period).

Elliott Oscillator wave.

The trading rules are discretionary in relations at the interpretations of the wave goog luck Mike

Elliott wave indicators

Elliott wawe theory.

In the picture Elliott Wave Trading System in action.