Strategies8 min read
Elliott Wave Trading Strategy: Practical Application
A simplified, practical approach to trading Elliott Waves in CFD markets. Wave counts, invalidation rules and a practical way to trade impulses.
The Simplified Approach
Identify the trend, wait for Wave 2 or 4 to complete, enter Wave 3 or 5. Wave 3 is strongest and longest.
Entry Strategy
Identify strong impulse (Wave 1). Wait for 50-61.8% retracement (Wave 2). Enter on breakout of Wave 1 high/low.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70-80% of retail investor accounts lose money when trading CFDs. Backtesting does not guarantee future results. Always consider whether you can afford the potential loss of your capital.