Tom Joseph – Users Guide

Tom Joseph – Users Guide

Tom Joseph Trading Elliott Type 1 Trades

While I have many trading methods to choose from, my favorite is the Elliott Type One Buy/Sell. This is, in Elliott Wave terms: entering a trade after completing a Wave 4 Retracement.

The Type One trade is the most easily identified pattern in an Elliott Wave series. This trade is easy to spot because I have created indicators and studies over the years that can be used with great accuracy.

Elliott Wave analysis allows one to receive many signals. Some of these signals become obvious only after the fact. This might be okay if you’re writing a newsletter, but, to make a successful trade, you need patterns you can identify ahead of time with a considerable amount of accuracy. My trading experience since 1979 has shown me that the Type One pattern can often be identified before its actual occurrence.

Profit after a long Wave 3 rally-The market enters a retracement phase after sets are taken in. Profit is still possible-Others who are certain that the trend continues will continue to take part in the market. Once the profit has been made-The market is no longer under pressure. New participants will push it to new heights in Wave 5.

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Advanced GET’s simplest tool is the Elliott Oscillator. This oscillator is able to return to the zero baseline at minimum 94 percent of the times during profit.-Retracement. This is a great tool as it allows you to remain in the background until the profit is made.-The end is near. The Elliott Oscillator returns to zero when it is accurate. This provides an area that can be used to predict profit.-It is now over. The trend is back.

We also created the Profit-The Taking Index (PTI), designed to be used in conjunction with the Elliott Oscillator, measures the profit intensity-taking. The PTI calculates how much profit you will make.-Comparing to the Wave 3 rally. If the PTI stays above 35, it is an indication of normal profit.-This allows the market’s trend to return to a high point by taking. If the PTI is less than 35, it means that there is too much profit-This reduces the chance that Wave 5 will happen.

Wave 4 Channels are also created, which appear on the chart as three lines (red, green and blue). We would like to see prices stay above the blue and green channels during a Wave 4 Retracement. According to statistical observations, this gives 70% chance for a quick rise to new highs.

Forex Trading – Foreign Exchange Course

Do you want to learn more about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries flot their currencies freely against the currencies of other countries. This keeps them in constant fluctuation.