Sunday, January 22, 2012

Trading Plan: Elliot wave setus can only be traded with additional confirmation

Entry in Higher Degree Decision Point area at 50% of the entry bar (3 or 5 min bar)



Entry Close to stop trigger after trendline is broken:



Either price is at a support and resistance level or we have confirmation from a Volume Spread Analysis (VSA) to enter a setup:




Consider Reversing a Elliot wave 4 setup at Support and Resistance Levels can be profitable:



And entering only above a 3 min setup after a trendline break:




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