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Investing Trading Using Elliott Wave Software

May 05, 2011 8:08 AM ET
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Elliott Wave

Elliott Wave Basic Tenet by Elliott Wave International

The Wave Principle is governed by man's social nature, and since he has such a nature, its expression generates forms. As the forms are repetitive, they have predictive value.

Ride The Trading Waves - Especially The Longest 3rd Wave

The 3rd wave of the Elliott Waves is normally the strongest and longest. Identifying 3rd waves, taking positions, and riding 3rd wave trends can be very profitable in trading and investing. Low-risk high-reward trading to keep losses low and letting your winners run.

AlphOmega Elliott Waves 2.1 for MetaStock®

AlphOmega Elliott Waves 2.1 for MetaStock®

If you want to explore the world of stock markets, the workings of AlphOmega Elliott Waves 2.1 for MetaStock® and their use; this affordable collection of Experts, Indicators, Systems, Templates and Explorations will take you there. The Experts will outline waves of different magnitude (size) while the indicators will help you evaluate the various scenarios and the likely projections Fibonacci or Gann derived from each one. The Explorations will warn you about the securities entering typical wave patterns, the possible length the pattern detected and the price differential since the start. You will also monitor progress over selected time periods for those securities.

Metastock 11

Metastock Free Trial

Using the AlphOmega Elliott Waves 2.1 for MetaStock®

In addition to having auto Trend line features, there is an indicator that probes the previous patterns to test the strength of the wave. The set includes all the Fibonacci tools as well as indicators and adapted to Elliott Wave's application. These systems demonstrate the power and the flexibility of Elliott Waves based systems within MetaStock®.

Profiting from Repeating Chart Patterns

What AlphOmega Elliott Waves 2.1 for MetaStock® attempts is to measure or quantify the movement of price for a security when the price is following a recognized pattern (i.e. Peak to Trough, Trough to Peak and their combinations). The trading decision is resting on the interpretation of what is happening now and the expected outcome.

AlphOmega Elliott Waves System Testing

The system testing will enable you to find out if there has been in the past a profitable pattern and how similar is the one forming. The ExplorerTM will enable you to monitor the securities over timeframes and measure the performance since the pattern has been recognized by the proposed methodology. This set has been designed with the rule of conservatism, meaning that prudence has priority over profit. Conventional protection such as Stop Loss technique should be used at all times regardless of the system you are using. Better paying commissions in and out than loosing your capital. Shielding your capital from uncontrolled losses should always be your first goal.

Click here to review more Elliott Wave information and resources.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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