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
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.
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
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