Elliott Wave Theory
The Elliott Wave Principle posits that collective investor psychology (or crowd psychology) moves from optimism to pessimism and back in a natural sequence creating specific Elliott Wave patterns in price movements.
Elliott Wave Analysis offers the advantage of using one of the few and best leading theories (indicators) allowing the trader to synchronize his Daily Technical Analysis with the major trends in the market. Any Trading System using Elliott Wave Theory ( Elliott Wave Principle) will prove to be very profitable on the long term.
When it comes to FOREX , any FOREX Trading System using Elliott Wave Analysis showed high profit factors and small drawdown's while traders did not have to suffer the emotional trauma of a trade going crazy in the opposite direction. While it is hard to call your Trading System the Best Trading System or the Best FOREX Trading System , you will undoubtedly be able to say that your Trading System is both professional and constantly profitable, helping you reach your Financial Freedom.
In conclusion, Elite Patterns is the place where Video Elliott Wave Analysis will help you benefit from all the knowledge behind the Elliott Wave Theory rapidly increasing the profitability of your Trading System and the accuracy of your Daily Technical Analysis .
Chart Patterns
Along with Elliott Wave , Chart Patterns are considered to be the backbone of professional Technical Analysis . Any Trading System and by consequence any FOREX Trading System that uses Chart Patterns will provide low risk Entries and accurate Exit Points while giving the trader the power risk the profit and not the Account Equity.
Chart Patterns were used in the early stages of trading as standalone Trading Systems . Now, as technology started to replace the time consuming tasks ... many of the novice and new traders overlook the power of the human eye, trying to find the Holy Grail indicator that will tell him were to enter and exit a trade. It will be nice if this indicator will allow us to risk 75% of the account just to reach that huge amount of money we wish for sooner, right?
Well if you are looking for that please leave this site ... NOW. While we want to reach that huge amount of money, we think that trading is not the easiest way to get there ... it is just another way. It can be the easiest if you learn ... practice ... learn ... get second opinions ... share knowledge ... and RESPECT TRADING EVEN IF SOMETIMES IT LOOKS EASY .
Our Custom Support & Resistance Levels
Support & Resistance are the base of most technical analysis chart patterns , whether you trade forex, commodity futures, options or stocks. You really need to be able to recognize them if you want a low risk, sensible way to trade based on what you see in the charts. Areas of price congestion that create many well known chart formations are nothing more than levels of Support or Resistance.
In fact, just about every technical trading system or method uses Support & Resistance , whether their authors admit it or not!
So now that we got the boring stuff covered you should now that these levels are usually drawn from past swing highs and lows. This is how the past influences the future. The most important thing you should understand while reading these lines is that our Support & Resistance levels have nothing to do with the old fashion way. What we are saying is that you can find daily, weekly and monthly levels in many free sites on the internet. It would have been a stupid thing for us to create another site that does the same thing.
So the bottom line is that we have out own way to calculate and estimate future Support & Resistance We believe in it and we will share this with you.