Trading with a robot

Over eighty percent of forex trading is attributed to robots. The High-Frequency Trading (HFT) industry expanded its activities in recent years as computing power grew exponentially. But HFT trading focuses…

Price action in FX trading

Price action, or trading with a naked chart, is the oldest form of technical analysis. It is said that the simple things in life are often the best. Well, the…

The thrust of a contracting triangle

Contracting triangles appear quite often in the forex market. When the market consolidates, the pattern that is most often thought to be forming is a contracting triangle. Elliott discovered various…

Elliott Waves: Complex corrections

A complex correction in Elliott Waves Theory consists of two or three simple corrective waves connected by one or two intermediary waves. Double or triple combinations are various combinations of…

Elliott Waves: Other flat patterns

As a simple correction, a flat pattern has two corrective waves (a-wave and b-wave) and an impulsive wave (c-wave). Moreover, the b-wave must retrace more than 61.8% of the a-wave.…

Elliott Waves: ZigZag patterns explained

A zigzag is the most deceivingly simple corrective pattern within the Elliott Waves Theory. And, for good reason. When we discussed corrective waves within Elliott Theory, we introduced the notion…

Elliott Waves: Introducing the X-wave

The concept of the x-wave is often misunderstood in Elliott Waves Theory. Elliott’s intention was to create a logical process to explain market moves; all of them! He started by…

Inflation vs deflation

Every central bank has a mandate that revolves around price stability. In economic terms, price stability means inflation is being kept at bay. Studies show that for healthy and constant…

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