More at http://daily20pips.blogspot.com/2013/01/miranda-kerr-in-toxic-video-shoot.html
Two days later, on January 24, EUR/USD indeed began to climb. On January 25, it pushed as high as 1.3480.
Predictably, the news said that the euro hit an 11-month high "following a better-than-expected German confidence survey." True, the latest part of the rally did come after the data. But as you see from the forecast above, Elliott waves caught the rise two days before it began -- and helped wave traders catch the bulk of the move.
We often say that Elliott wave analysis is not a crystal ball; not every forecast will work out. That's true, yet in the world where most traders wait to hear something in the news before they spring into action, wave analysis offers you a real, tangible chance to stay ahead of the trend.
No comments:
Post a Comment