How to Use Elliott Wave Analysis in Forex Trading

For the purposes of this article, we will use Elliott Wave's objectively generated count by ProfitSource's source software by Hubb. The software has automatic algorithms to generate and display the number of waves. It should be noted that the number of options may change dramatically from one day to the next based on the default algorithm, and that other people or programs may arrive at different interpretations of the number of waves and time points certain. The benefit of using this method is to be better or worse, the calculation is calculated using an objective algorithm and not open to subjective interpretation. Before starting any trading, it is important to have a plan in place. So, let's make a direct plan to use Elliott Wave as the base for forex trading market. Here are the steps we will use: Step 1. Choose a method to generate Elliott Wave count. It may be based on your own analysis, or through some charting or analytics software. As mentioned, we will use...