By Elliott wave international
Each dealer or active investors sometimes wish a pro who brain on real money routes "pulled the trigger" could get in.
EMI analysis of Wayne Stough is these benefits. For several years several times a month he warned his Flash service subscribers into opportunities on futures markets.
And it has a new addition to the Flash line up: ETF opportunity Flash. We caught up with Wayne in his Office and asked him some questions:
Question: What is the method, you schedules are searching trade by high probability?
Wayne Stough: my most important approach is the Elliott wave principle. I am, clean and precise wave count - where rule others meets those other analysts can confirm that the market for a high trust commerce mean a general consensus on Marktrichtung.Wenn, send recommendation I out a Flash to my subscribers.
Question: How do you define "high confidence" trade one?
WS: It's a good question, because there is no market always forecast, regardless of whether you use Elliott or another method, the forecasts garantiert.Sagend that there is definitely a moments when the probability (or quotas, if you want) strongly suggest certain movement. For example - and this is just basic Elliott wave principle – say that markets in a series of five waves in larger trend (marked in the chart 1, 2, 3, 4, 5) direction and three waves against the trend (called a, B, c);There are also certain proportions between these waves that often follows markets;so, if I expect a 1, 2, 3, 4, that pattern, I focus 5 in a rally or a decline in population (i.e. in a bull or bear market) me was the fifth wave should stop Elliott wave guidelines.
If I have identified this price range, it is a matter of waiting for the market to get;the fifth waves comes at the end of the pattern and is often weaker than third waves.So when I see some technical indicators (e.g. B.RSI) are different, my confidence is growing: we are near the end of the pattern and the prices are about to reverse;It is just one example of a situation, high-trust.But, I suggest a protective stop with each new Flash warning when forecast unfounded.
Question: are you aiming for a certain percentage profit?
WS: absolut.Wenn I have a Flash warning, I'll send typically a ratio of 3: 1, at least.
Q. is that always work?
WS: No I follow the recommendation of the warning signs that I know if another send scenario development these cases in the Charts.In I from other Flash warning suggests that the lower or the stop loss threshold to increase, or stop the recommendation.
Question: Love S & P-mini-Nutzfahrzeuge.Warum?
WS: I would it another way, that I have traded S & P for a long time, I understand that market shades and I of course comes leverage and Volatilität.Aber during the S & p to me, I have to say many Flash recommendations in other markets as gold and Währungen.Eine would better way that I love every market, which gives me the risk reward ratio gewünscht.Jetzt looking I "For love" between different ETFs.
Special introductory offer: ETF opportunity Flash now get and have 2 month free details.
Question: If traders are expecting a bear market, should you still Flash services?
WS: absolutely, I think that we are on the cusp of some very large bearings are.and it's time to act.Remember to speculate, in big bear market (or under extreme volatility) results in additional risks;so do your research and know how your financial instruments under these conditions;operate and all who choose to act in this field must only risk money certainly afford to lose.
Question: who do you think should consider to subscribe to the EMI's Flash services — including the latest additions, ETF Flash?
WS: Who some venture capital, but not enough time and experience has your own chances.Anyone find, understands and accepts the fact that if you invest your money, winners and losers is it.(Sometimes more than the other.)All who know better than to risk their capital in a single recommendation;the old "all eggs in one basket" situation, I am thinking of quarter: I want all my subscribers smiling at the end of the quarter.
EMI ETF Flash service enables now the chance opportunities in exchange traded funds (ETFs), Miss this special offer.
This article was by Elliott wave international, and was originally published under the heading;EMI is the world's largest market forecasts;his staff on a full-time basis analysts led by chartered market technician Robert Prechter offers 24 hours a day market analysis for institutional and private investors in the world.
This entry was all Saturday 9 October 2010 09: 06and is filed Elliott wave;You can follow any responses to this entry through the RSS 2.0 feed.follow, both comments and pings are currently closed.
Comments are closed.
Other financial websites
FOREX articles
Provide free Forex articles and trading courses.
Instant loans
View the
Original article