Elliott Wave Theory part 3 – Advanced
Zigzags, flats and triangles When a market starts moving against the main trend it often does so only with a substantial degree of effort. This is why one would normally see a movement in the direction…
Zigzags, flats and triangles When a market starts moving against the main trend it often does so only with a substantial degree of effort. This is why one would normally see a movement in the direction…
In this discussion we will delve a little bit deeper into the secrets of Elliott Wave Analysis. To refresh readers’ memory, in Fig. 2.1(a) we have a chart showing the basic Elliott Wave pattern. Motive Waves…
History The principles behind modern Elliott Wave theory had their origins in the 1930s, when they were discovered by Ralph Elliott. He, in turn, had been inspired by a trader by the name of Charles Dow…
Definition A stop loss is simply the price at which you instruct your broker to sell a trading instrument if it heads in the wrong direction. With most spread trading accounts you can set up a…
Definition of a Swing Trader While a day trader usually opens and closes his trades on the same day and a long-term trader can use periods of weeks or months for his trading activities, typical swing…
Definition A take profit level or order, often also referred to as a limit order, refers to a point where the trader is satisfied with the profit the trade has generated and wishes to exit that…
Many experienced traders will tell you that there is no such thing as a ‘holy grail’ in trading, but if there is indeed something like this, it should be diversification. If you successfully want to protect…
By Tom Hougaard. You remember I mentioned the film Trading Places before? The key scene takes place in the commodities trading pit for orange juice in the World Trade Centre. Two traders observe that Randolph and…
By Tom Hougaard. The definition of harmony is a pleasing combination of elements in a whole. My mentor Bryce Gilmore taught me harmony in the markets. There was no course book, and no papers to read….
By Tom Hougaard. A dear child has many names. The strategy below is called ‘lost momentum’ in my vocabulary, but it no doubt has other names too. It is in essence a form of trendfollowing strategy….
Spread betting and CFD trading both carry a high level of risk to your capital with the possibility of losing more than your initial investment. These products may not be suitable for all investors, and are only intended for people over 18. Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice. Stops are automatically allocated to each trade and if triggered are subject to market gaps unless you specified for your trade to be guaranteed. InterTrader.com is a trading name of London Capital Group Ltd (LCG) which is registered in England and Wales under registered number 3218125. LCG is authorised and regulated by the Financial Services Authority. Registered address: 6 Devonshire Square, 2nd Floor, London, EC2M 4AB.
TradeBack is a trademark of InterTrader.com. Apple, the Apple logo and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. iPad is a trademark of Apple Inc.