Help with Elliott Waves

[littlebopip]

Hi!

I'm trying to learn more about Elliott Wave analysis since I want to incorporate this in a mechanical system I'm coming up with. I'm a huge fan of Fibonacci retracements and extensions, which is why I chose Elliott Waves for my system. Basically, I just look at the wave action in a longer-term time frame (like daily or weekly) then I zoom in to the 1-hour our 15-minute chart for entry using Bollinger Bands and MAs. I have a good grasp of BB and MAs but I think my understanding of Elliott Waves is still too basic. Are there any good sites you can recommend?

 

[ericstevens]

Hey, I think that forex blogs offer plenty of tutorials of this nature. Elliott Wave trading is not easy, but it can be highly valuable, and offer great risk to reward ratios. My favorite wave technician of the moment is Todd Gordon, who I believe just left Forex dot com to start his own venture.

Good luck.