{"id":3860,"date":"2024-10-24T06:31:06","date_gmt":"2024-10-24T06:31:06","guid":{"rendered":"https:\/\/apex-aiexperts.com\/?p=3860"},"modified":"2024-10-24T06:31:06","modified_gmt":"2024-10-24T06:31:06","slug":"how-to-trade-forex-using-elliott-waves","status":"publish","type":"post","link":"https:\/\/apex-aiexperts.com\/es\/how-to-trade-forex-using-elliott-waves\/","title":{"rendered":"C\u00f3mo operar en Forex utilizando ondas de Elliott"},"content":{"rendered":"<p>This is probably what you all have been waiting for \u2013 drumroll please \u2013 using the&nbsp;<strong>Teor\u00eda de las ondas de Elliott<\/strong>&nbsp;in forex trading!<\/p>\n\n\n\n<p>As an Elliott Wave trader, you will be spotting \u201cwave counts.\u201d<\/p>\n\n\n\n<p>This means that you will be labeling the waves to see how they conform to the&nbsp;<a href=\"https:\/\/tradecenterfx.com\/introduction-to-elliott-wave-theory\/\" target=\"_blank\" rel=\"noreferrer noopener\">Elliott Wave<\/a>&nbsp;pattern, to try and anticipate future price movement.<\/p>\n\n\n\n<p>In this section, we will look at some setups and apply our knowledge of Elliott Wave to determine entry, stop loss, and exit points.&nbsp;Surfs up!<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-surfing.png\" alt=\"Learn how to use Elliott Waves in your forex trading.\" title=\"Learn how to use Elliott Waves in your forex trading.\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Hypothetical, will-most-probably-be-right scenario #1:<\/h2>\n\n\n\n<p>Let\u2019s say you wanted to begin your wave count. You see that price seems to have bottomed out and has begun a new move upwards.<\/p>\n\n\n\n<p>Using your knowledge of Elliott Wave, you label this move up as Wave 1 and the retracement as Wave 2.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliott-wave-start2.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliott-wave-start.png\" alt=\"Elliott Wave Counts\" title=\"Elliott Wave Counts\"\/><\/a><\/figure>\n\n\n\n<p>In order to find a good entry point, you head back to the School of Pipsology to find out which of the three cardinal rules and guidelines you could apply. Here\u2019s what you found out:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Rule Number #2<\/strong>: Wave 2 can NEVER go beyond the start of Wave 1<\/li>\n\n\n\n<li>Waves 2 and 4 frequently\u00a0<strong>bounce off Fibonacci retracement levels<\/strong><\/li>\n<\/ul>\n\n\n\n<p>So, using your superior Elliott Wave trading skillz, you decide to pop the Fibonacci tool to see if the price is at a Fib level. Holy mama!<\/p>\n\n\n\n<p>Price is just chillin\u2019 like ice cream fillin\u2019 around the 50% level. Hmm, this could be the start of Wave 3, which is a very strong buy signal.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliott-wave-fibs2.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliott-wave-fibs.png\" alt=\"Elliott Wave Potential Entry\" title=\"Elliott Wave Potential Entry\"\/><\/a><\/figure>\n\n\n\n<p>Since you\u2019re a smart forex trader, you also take your stop into consideration.<\/p>\n\n\n\n<p>Cardinal rule number 2 states that Wave 2 can never go beyond the start of Wave 1 so you set your stop below the former lows.<\/p>\n\n\n\n<p>If the price retraces more than 100% of Wave 1, then your wave count is wrong.<\/p>\n\n\n\n<p>Let\u2019s see what happens next\u2026<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliott-wave-end2.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliott-wave-end.png\" alt=\"Elliott Wave 3\" title=\"Elliott Wave 3\"\/><\/a><\/figure>\n\n\n\n<p>Your Elliott Wave analysis paid off and you caught a huge upward move!<\/p>\n\n\n\n<p>You go to Las Vegas (or Macau), overconfident that everything you touch is a winner, blow all your forex profits on roulette, and end right back where you started.<\/p>\n\n\n\n<p>There are no Elliot Waves in a casino.<\/p>\n\n\n\n<p>Lucky for you\u2026we have another hypothetical scenario where you can earn imaginary money again\u2026<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Scenario 2:<\/h2>\n\n\n\n<p>This time, let\u2019s use your knowledge on corrective wave patterns to grab those pips.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliott-wave-flat-example2.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliott-wave-flat-example.png\" alt=\"Elliott Wave Flat Formation\" title=\"Elliott Wave Flat Formatio\"\/><\/a><\/figure>\n\n\n\n<p>You begin counting the waves on a downtrend and you notice that the ABC corrective waves are moving sideways.<\/p>\n\n\n\n<p>Hmm, is this a&nbsp;<strong>flat formation<\/strong>&nbsp;in the works? This means that price may just begin a new impulse wave once Wave C ends.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliott-wave-entry2.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliott-wave-entry1.png\" alt=\"Elliott Wave Flat Entry\" title=\"Elliott Wave Flat Entry\"\/><\/a><\/figure>\n\n\n\n<p>Trusting your Elliott Wave skills, you go ahead and sell at the market price in hopes of catching a new impulse wave.<\/p>\n\n\n\n<p>You place your stop just a couple of pips above the start of Wave 4 just in case your wave count is wrong.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliot-wave-exit2.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade9-elliot-wave-exit.png\" alt=\"Elliott Wave Flat Exit\" title=\"Elliott Wave Flat Exit\"\/><\/a><\/figure>\n\n\n\n<p>Because we like happy endings, your trade idea based on the Elliott Wave Theory works out and nets you a couple of thousand pips on this day, which is not always the case.<\/p>\n\n\n\n<p>You have also learned your lesson this time around so you skip Vegas and decide to use your profits to grow your forex trading capital instead.<\/p>","protected":false},"excerpt":{"rendered":"<p>This is probably what you all have been waiting for \u2013 drumroll please \u2013 using the&nbsp;Elliott Wave Theory&nbsp;in forex trading! As an Elliott Wave trader, you will be spotting \u201cwave counts.\u201d This means that you will be labeling the waves to see how they conform to the&nbsp;Elliott Wave&nbsp;pattern, to try and anticipate future price movement. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64,62],"tags":[],"class_list":["post-3860","post","type-post","status-publish","format-standard","hentry","category-elliott-wave-theory","category-summer-school"],"_links":{"self":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/3860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/comments?post=3860"}],"version-history":[{"count":1,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/3860\/revisions"}],"predecessor-version":[{"id":3861,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/3860\/revisions\/3861"}],"wp:attachment":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/media?parent=3860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/categories?post=3860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/tags?post=3860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}