(Euro)-THE BIG PICTURE.......

marketwavez · #1 11-05-2006, 04:02 PM

Elliott Waves (Trade set-ups )
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- NO OSCILLATORS NEEDED ....
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This thread is being set here to show ,,,
-potential set-ups that I am observing to be used as a trading system ......
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PLEASE DO NOT CONFUSE THESE CHART POSTS WITH
TRADE SET-UPS AS BEING RECOMENDATIONS. (They are not !)

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They are all Technical by their Nature.....

These trade set-ups are not being chosen with any fundamental consideration,
only the chart patterns themselves are being put into a perspective
of ELLIOTT WAVES or FIBONACCI RETRACEMENT LEVELS ..... ,
- Also considered is the Visual Illustration of Significant Multiple support or Multiple resistance areas to give one a sense of where price may be headed ..

Now, Please be aware that some of these
TRADE SET-UPS WILL NOT MAKE IT ,, So To Speak .....

This is where the understanding of Risk to Reward comes in ....
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One must learn to separate the terms,
RISK TO REWARD from the term MONEY MANGEMENT ...
though similar ,,,,, THEY ARE DIFFRENT TOPICS ONTO THEMSELVES !...
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THE IDEA HERE IS TO BE IN TRADES WHERE THE RISK IS say 3- to-1
(for example )
We are talking about finding trades that the objective to get out of a trade is 3 times
greater than the amount of money you would Risk on that individual trade .

The Risk is determined
by the difference between,,,the Entry price and the Stop price...
This is the Risk.…………………………………………………….

On the other hand ...

Money Management is based on how much CAPITAL you have trade with,,,,,, which determines how many shares or contracts or Lots should you purchase to enter the trade .... ( This is also called Position Sizing . )

My hopes are you really learn to understand this Principle .
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Do Your own Research ………………...... Here's my Research ,

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The Charts by Marketwavez are simply Elliott wave-counts that are believed to be what a
market is tracing out.Wave counts are highly subjective,and definately not 100% reliable......
Wave-counts also vary from one person to another who may be anlyzing the
market and can also vary based on the time frames that are being analyzed .....

It is not for everyone . –

-Only for those who understand that
the only true Holy Grail of trading is learning how to manage Risk vs Reward .
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TRADE AT YOUR OWN RISK…...........The purpose of these charts is to point out
significant highs and lows based on Fibonacci Retracement lines and Elliott Waves .
This information is for educational purposes and should not be considered to be
trading recommendations.-All trading decisions are your own sole responsibility …
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