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4 great articles on successful forex trading

I'd like to share 4 great articles about successful forex trading. They cover the most important aspects of trading successfully.

1. Four  Self Defeating Trading Habits you need to break  by Nial Fuller - Nial is a an awesome trader and a gentleman. Visit his website for great trading ideas and more amazing content.

2. Beginners Guide to Metatrader  If you're completely new to trading or forex trading this article has great information on how to use the most popular forex trading software.

3. Learn Forex Trading at the School of Pipsology So you'd like to learn to trade forex? Well look no further. Visit Babypips forex trading school. They have put together all the information one needs to learn to trade the amazing currency markets.

4. The art of Position Sizing for Forex Trading The difference between novice traders and experts may be simply their understanding of risk and position management. Professional traders know when and how much to risk and how to manage their risk.

Hope you enjoyed these articles. If you'd like to be notified of new posts to my blog please subscribe to our mailing list (Look to the right of your screen) 

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Count Elliott Wave within 10 Seconds

After Reading this material you should be able to do the following:
Objective 1. Understand Elliott WaveObjective 2. Count Elliott Wave within 10 SecObjective 3. Learn how to use AO
Objective 1


What is Elliott Wave? 

We believe the market has a structure. That structure is Elliott Wave. We also believe that the structure also has a structure and that structure is shown to us on our charts by using our indicator AIMS Levels. EW consists of impulse waves and corrective waves. We are interested in trading the impulse waves and avoid the corrective waves.


Which wave is most profitable and easy to trade?   


Wave 3 is where we make money. Our strategy puts us right into the impulse waves, where the money is made.


Hypothetically, this is how Elliott Wave looks like.



Within each Impulse wave there are 5 waves.  of which wave 1,3,5,  are again impulse waves whereas wave 2 and 4 are corrective waves.

An impulse wave consists of sequence of 5 waves starting from 1 up 2 down 3 up and 4 down an…

Count Elliott Wave in 10 Sec

Example of Setup 1 and Setup 2. In the Chart below the blue arrow that point to the Red Dot is the spot which we Call Setup 1. The next AIMS/Fractal Level immediately after it broke down is what we call Setup 2. At the Red Dot alligator was sleeping. While at the second break Alligator mouth was open to the downside. 
Updated 11:00 BST

How to Trade Wave 3 Make HUGE PROFITS

The most important thing I learned few years ago was that the market was a wave. Well not the market, but the charts that we look at. It always moves in waves. Someone actually named them after themselves but we don't really need that lovely name (Elliott Wave). Because we don't need to complicate things.

When I talk about waves, I don't mean the popular Elliott Wave. I mean the WAVE we have on the most beautiful indicator called, ahem it has many names, AO, The Awesome Oscillator, The eWave, AIMS Wave etc.  It helps us see the market in a smooth wave going above and below a certain Zero Line. .. It helps you ignore the going up and going down of the price concept. For us technical traders, we don't have an up and down as such specially in forex. All we see is eWave turning Red or Green.

Assuming you already know a bit about the wave. I know most of you will want to know the answer this fantastic question. How to trade the third wave?

They all ask that question, and s…