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Are Successful Forex Traders Just REALLY Lucky?
In 2004, the former Federal Reserve Chairman Alan Greenspan compared successful currency traders to "winners of coin-tossing contests." Fair? No? You decide...

By Vadim Pokhlebkin
4/17/2013 2:30:00 PM

In 2004, in a speech before the Economic Club of New York, the former Federal Reserve Chairman Alan Greenspan compared successful currency traders to "winners of coin-tossing contests." Fair? No? You decide ...

Filed Under: Elliott Wave Principle, Elliott Wave trading, forex, forex trading, Greenspan, market forecasts, technical analysis, technical indicators, trading lessons, U.S. dollar, U.S. Federal Reserve (the Fed)

Category: Currencies


Cyprus, the Euro – and Elliott Waves
How will the forex market react to the details of the Cyprus bailout plan when the agreement is finally reached?

By Vadim Pokhlebkin
3/22/2013 4:45:00 PM

Right now, the number one forex story is the banking crisis in Cyprus. Cyprus is part of the European Union, so it shares the euro with the rest of the EU. We could speculate on how the outcome of the bailout deal might affect the euro, but our forte is wave analysis and other supporting technical indicators. So let's take a look.

Filed Under: bailouts, Elliott wave, Elliott Wave trading, eu, euro, europe, european central bank, European debt crisis, European Union (EU), forex, forex trading, technical analysis, technical indicators, U.S. dollar

Category: Currencies


"Kaboom!" Goes the Euro
After the sharp sell-off in EURUSD, where to next?

By Vadim Pokhlebkin
3/18/2013 5:15:00 PM

On the heels of the news from Cyprus, EURUSD, the euro-dollar exchange rate and the most-traded forex pair, went into a tailspin. The mini-collapse was a sight to behold. Well, to be exact, there was literally nothing to see: On a 15-minute chart, the downward gap was just a blank space. Take a look.

Filed Under: Elliott wave, Elliott Wave trading, forex, forex trading, sterling, technical analysis, technical indicators, U.S. dollar

Category: Currencies


(Video) Top 3 Technical Tools Part 3: MACD
Enhance your trading confidence with a 2-minute lesson on how to combine Moving Average Convergence Divergence with other technical tools.

By Jill Noble
3/4/2013 5:15:00 PM

Learn how MACD can help identify trading opportunities (in conjunction with other technical tools) with an example from USDCAD.

Filed Under: Elliott Wave Education, elliott wave junctures, Elliott Wave trading, Jeffrey Kennedy, Moving Average Convergence Divergence (MACD), technical indicators, trading lessons

Category: Education


Investors Look to Experts for Stock Market Signals
Discover the patterns of crowd behavior

By Bob Stokes
3/4/2013 10:30:00 AM

Stock market prices reflect the collective psychology of the people who buy and sell equity shares. Decades of observation show that this psychology unfolds in recognizable patterns. The Wave Principle helps to identify key junctures in those patterns. A special double-issue of the Elliott Wave Theorist elaborates on one such juncture – with an emphasis on "elaborates."

Filed Under: Dow Jones Industrial Average (DJIA), Elliott Wave Principle, Fibonacci, herding, , long-term trend, market forecasts, Robert Prechter, sentiment, technical indicators

Category: Stocks


EURUSD: Story of the Week
Elliott waves in forex markets keep warning you of important trend changes

By Vadim Pokhlebkin
3/1/2013 3:45:00 PM

Our Senior Currency Strategist, Jim Martens, likes to say that, "You must faith in your analysis method." Here's another example of that. This week, the U.S. dollar strength pushed EURUSD, the euro-dollar exchange rate, below $1.30 for the first time in months. The week was rich on economic news. We learned that...

 

Filed Under: consumer confidence, Elections, Elliott wave, Elliott Wave trading, europe, eurozone, Fibonacci, forex, forex trading, fundamental analysis, gross domestic product (GDP), home sales, housing prices, technical analysis, technical indicators, U.S. dollar, unemployment

Category: Currencies


(Video) Top 3 Technical Tools Part 2: Relative Strength Index (RSI)
EWI's senior analyst shows you a beautiful example of how supporting indicators help identify a trade setup in Halliburton (HAL).

By Jill Noble
2/25/2013 2:45:00 PM

This video lesson gives an overview of RSI followed by an example of technical analysis in action.

Filed Under: Elliott Wave Education, Elliott Wave trading, Jeffrey Kennedy, Relative Strength Index (RSI), technical analysis, technical indicators

Category: Education


The Next Chapter in the Commodities Story Is Just Beginning
Brand-new, all digital Monthly Futures Junctures video forecasts the next big moves in 10 key futures markets.

By Nico Isaac
2/22/2013 6:00:00 PM

On Feb. 6, the World Bank released its Global Economic Prospects' Commodity Market Outlook. The 26-page document is a great read if you've got an afternoon to spare (or want to cure insomnia). But for the rest of us, this short version should do: Commodities across the board should "ease marginally" in 2013 so long as a boatload of factors play out as expected. Multiple plotlines is fun when you're kid. But when it comes to futures markets, the goal is to narrow, not expand the scope of probable outcomes.

Filed Under: coffee futures, commodities, corn futures, fundamental analysis, futures trading, Jeffrey Kennedy, Relative Strength Index (RSI), stochastics, technical indicators, Traders

Category: Commodities


Top 3 Technical Tools Part 1: Japanese Candlesticks
A senior analyst shows you how to identify quality trade setups with supporting technical indicators.

By Jill Noble
2/20/2013 5:45:00 PM

Learn how Japanese Candlesticks can help support your technical trading decisions.

Filed Under: Elliott Wave Education, elliott wave junctures, Jeffrey Kennedy, technical analysis, technical indicators, Traders, trading lessons

Category: Education


(Video) Exclusive Dick Diamond Trading Excerpt: How to Enter and Exit a Trade
This 4-minute lesson shows you the technical indicator template of a veteran trader

By Jill Noble
2/13/2013 10:15:00 AM

Get access to a lesson usually reserved for students of Dick Diamond's Market Mentor Trading Course (March 17-20 in Miami, FL).

Filed Under: Dick Diamond, Elliott Wave Education, technical analysis, technical indicators, trade targets, Traders, trading lessons

Category: Trading Lessons


EUR/USD: Another Day, Another Central Banker Comment?
News stories don't change the trend -- only the collective bias of market participants has that power.

By Vadim Pokhlebkin
2/12/2013 3:00:00 PM

"Do news headlines change your Elliott wave counts?" We get this question a lot. The short answer is, no. You see, despite what almost everyone believes, we know from three decades of experience that the news doesn't change the trend...

Filed Under: Elliott Wave trading, euro, euro/USD exchange rate, european central bank, forex, forex trading, technical analysis, technical indicators, U.S. dollar

Category: Currencies


(Video) Bollinger Band Basics
Senior Analyst Jeffrey Kennedy shows you how these volatility indicators support pattern recognition

By Jill Noble
2/11/2013 11:00:00 AM

Watch this chart-based video lesson to see how Elliott Wave Junctures Editor Jeffrey Kennedy uses Bollinger bands to spot a high-confidence setup in Bank of America.

Filed Under: Elliott Wave Education, Jeffrey Kennedy, technical analysis, technical indicators, Traders, trading lessons

Category: Trading Lessons


Formidable Resistance Remains for the NASDAQ
Why a NASDAQ price barrier may not be broken

By Bob Stokes
2/8/2013 5:15:00 PM

The NASDAQ Composite has barely advanced in the past 10 months, despite an extremely bullish sentiment. The Elliott Wave Financial Forecast called attention to the upper trendline of a parallel price channel in April 2012, and that upper trendline has remained a barrier to a NASDAQ Composite advance. The just-published February Financial Forecast provides insights into why the market now faces a historic juncture.

Filed Under: Dow Jones Industrial Average (DJIA), Elliott wave, Fibonacci, financial forecast, market forecasts, Nasdaq Composite, sentiment, technical indicators, trendlines

Category: Stocks


Moving Averages Can Identify a Trade - FREE Lesson
These 3 charts help you understand how moving averages work

By Jill Noble
1/23/2013 4:15:00 PM

If you trade with Elliott, you may use supporting indicators in your analysis of the markets. Here's a brief lesson that shows you three ways that moving averages can help you determine the market trend.

Filed Under: Elliott Wave Education, technical analysis, technical indicators

Category: Education


S&P 500: Market Insight

By Vadim Pokhlebkin
1/16/2013 4:30:00 PM

President Obama was sworn into his first term on January 20, 2009. When the stock market opened the next day, the S&P 500 stock index fell 5.3%, "its worst Inauguration Day performance in the post-World War II period." (ABC) This Sunday, January 20, will mark the president's second inauguration. Will the stock market's performance on Monday repeat the day after in 2009?

Filed Under: Elliott wave, Elliott Wave trading, futures trading, S&P 500, technical analysis, technical indicators

Category: Stocks


Stock Market Grinch Steals the Santa Claus Rally
How volatility helps measure investor fear

By Bob Stokes
12/28/2012 3:00:00 PM

Many investors this year wished for a Santa Claus rally, a rise in stock prices in the trading sessions around Christmas. The rally never came. A particular market indicator provides insight into why. Moreover, it offers a clue to what's ahead for stocks in 2013.

Filed Under: CNBC, Dow Jones Industrial Average (DJIA), Elliott wave, investor psychology, market forecasts, oscillators, S&P 500, sentiment, technical indicators

Category: Stocks


CHART: Learn to Label Elliott Waves More Accurately
Senior Analyst Jeffrey Kennedy shows you how to use momentum patterns to confirm your count.

By Jill Noble
12/27/2012 4:15:00 PM

Take a moment to learn one way you can use supporting indicators to strengthen your wave count!

Filed Under: Elliott Wave Education, Elliott Wave trading, Jeffrey Kennedy, technical analysis, technical indicators, Traders, trading lessons

Category: Education


European Stock Markets Holding Their "Breadth" for Good News
One oscillator has helped European Short Term Update stay ahead of key, near-term price extremes.

By Nico Isaac
12/27/2012 4:15:00 PM

Every year around this time, investors act a lot like teenagers waiting anxiously by the mailbox to receive their college acceptance letters. A thin letter: Bad news. A thick packet: Good news. But instead of finding out their future alma mater, investors find out their year-end stock returns. With just a few days left on the calendar, market goers across the pond have received a very thick packet indeed. To wit: In early December 2012, the regional benchmark Euro Stoxx 600 index enjoyed its biggest annual rally since 2009 to set a new, intraday high for the year.

Filed Under: Elliott wave, euro, europe, european markets, eurozone, oscillators, technical indicators

Category: European Markets


Recognizing a Major Stock Market Top
Skilled analysis can "get you out" close to the peak

By Bob Stokes
12/24/2012 2:45:00 PM

Consider the trading indicator TRIN (or Traders Index), a measure of market sentiment based on how many prices have gone up relative to how many have gone down. The Financial Forecast Short Term Update provided insights into this technical indicator after the Dow Industrials closed the Dec. 21 session down 120 points.

Filed Under: Dow Jones Industrial Average (DJIA), Elliott wave, oscillators, sentiment, technical analysis, technical indicators, trendlines

Category: Stocks


"Bear Market Rallies Seem to Follow a Fairly Consistent Pattern"
Investors say "ho hum" to even the prospect of falling off the fiscal cliff

By Bob Stokes
12/11/2012 5:45:00 PM

During this time of elevated bullishness, words of stock market caution are likely to fall on deaf ears. Stock market strategists can see nothing but more gains to come. Yet, consider the words of a Dow Theory pioneer who made "one of the greatest calls in stock market history."

Filed Under: Elliott wave, Fibonacci, history, investor psychology, long-term trend, Robert Prechter, sentiment, technical indicators, U.S. STOCK MARKET

Category: Stocks


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© 2013 Elliott Wave International

The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.