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RE: BTC update 02.06.2020

in #btc4 years ago

That’s actually really interesting. Fact is I don’t know how to use ew patterns. I usually trade using ichimoku and ema associated to my most basic tool but by far the one I prefer technical drawing. Do you have a good article or website link where I could find good informations about them to better understand ?

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Ichimoku is the only indicator I use "sometimes" to confirm market direction. Usually I only trade chart patterns, most of which are Elliott Wave chart patterns.
I must admit that it is really hard to get good info on Elliott Waves. The most sold book about it for example is a scam in my opinion. It perverts the rules Ralph Nelson Elliott proclaimed...
I learnt from the best german Elliott Wave Trader André Tiedje. His "simplified" book is the one I can recommend, but I don't know if there is an english version of it.

And after learning the basics, to master Elliott Waves you need to apply it constantly for years. You can get good after a year or two, but you will still use bad setups in the beginning. It's a learning curve.