European Forex Professional Weekly 2009-11-19

Sive Morten

Special Consultant to the FPA
Hi Sive, I'm newbie. I know a bit about forex, but your comments are extremely useful, because they give a whole picture of market. Thanks!
I got some question as newbie. For example, I got some Elliot Wave number 2 and going to 3. I'm using Fibonacci expansion (OP or XOP?) and RSI/Stoch.Oscillatior locate top of wave 3. But some times it is not enough: top of 3 appears in other place . How can I recognize that selected top is wave 3 but not one of tops(for ex. 3 or 5) of subwaves? Thanks
Hello asdfg
Well, actually I'm not an expert of Elliot's wave. I can't help you in wave's recognition unfortunately. Yes, I use Fibonacci analysis but in quite another way.
FIb Expansion OP -is 1.0, XOP is 1,618.

IF you want to learn more about my way - just check some recent research topics and Trade Description topics in archive. There we've discussed this themes.