Elliot Fibo Trading System

According Elliott – there are 4 types of trend.
a) Rising trend
b) Descending trend
c) Rising trend in Descending trend
d) Descending trend in Rising trend

How to open BUY trade:

You need to make sure which trend is now.
When you see BUY arrow – open trade
When you see sell arrow on Rising trend or Rising trend in Descending trend = SELL SIGNAL IGNORE
ON THIS TYPES OF TREND – ONLY BUY.

How to open Sell trade:

You need to make sure which trend is now.
When you see SELL arrow – open trade
When you see BUY arrow on Descending trend or Descending trend in Rising trend = BUY SIGNAL IGNORE , ON THIS TYPES OF TREND – ONLY SELL.

Best pairs for trading:EURUSD AUDUSD USDCHF EURGBP USDJPY EURJPY GBPUSD.
Best timeframe – 1hour
Use standard money management : every 100$ use 0.01 lot