|
This is only an extract of a premium article
ORDER CD
SUBSCRIBE
Secret of Trading Elliott Wave with
Momentum using ELWAVE
By Larry Jacobs
Trading with Elliott Wave is not as complicated as many think. I believe that if
you have the right tools and a good method of trading anyone can do it. In this
example I used Prognosis’s new release 9.0 of their ELWAVE software program. It
is easy to setup and works with many data vendors such as eSignal, TradeStation,
etc. I personally think that ELWAVE is the most detailed and accurate Elliott
Wave program out there. Before it analyzes a chart it goes through thousands of
wave combinations and rules. Then it labels the chart with the waves, gives time
and price projections, stop points and even trendlines. No program that I know
of does this as good as ELWAVE.
Let me tell you one secret in trading Elliott Wave. The secret is momentum. Now
look at the chart below. This is a chart of the E-Mini. On the top of the chart
I have an RSI oscillator and under that I have the Elliott Oscillator. Both of
these indicators tell of momentum changes.
|
|
