We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bullish
More View more
Real Time News
  • LIVE NOW! Currency Strategist @PaulRobinsonFX discusses a wide range of topics with emphasis on psychology, trade execution, and risk management with the goal of helping traders improve performance here - https://www.dailyfx.com/webinars/602330483?CHID=9&QPID=917720
  • Hey, traders 👋 do you want live AMAS with our analysts, market updates and tools to improve your trading strategy? Join us now on Instagram! 👉 https://t.co/pHGzVMqsC4 https://t.co/eA4lj5oVIW
  • LIVE IN 30 MIN: Currency Strategist @PaulRobinsonFX discusses a wide range of topics with emphasis on psychology, trade execution, and risk management with the goal of helping traders improve performance here - https://www.dailyfx.com/webinars/602330483?CHID=9&QPID=917720
  • RT @DeItaOne: FX options markets really not expecting much from the #ECB decision today Overnight implied vols for EURUSD are the lowest t…
  • UK Trade Secretary Truss says UK tax policy is a matter for the Chancellor, not the US or EU
  • SNB's Jordan denies $CHF currency manipulation, says being placed on US watchlist does not affect ability to intervene, intervention is to steer monetary conditions
  • SNB's Jordan says $CHF is still highly valued, important to keep policy expansive
  • Have you been catching on your @DailyFX #podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/YzvemTnpOz
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/Uw1hyTL5ld
  • RT @ANZ_Research: We published a short note providing a snapshot of #Wuhan's economy and our initial views of the economic impact of the #c…
Forex Education: Trading Elliott Wave Flat Patterns (Webinar Recording)

Forex Education: Trading Elliott Wave Flat Patterns (Webinar Recording)

2017-02-21 20:35:00
Jeremy Wagner, CEWA-M, Senior Strategist
Share:

In this webinar recording, we assessed a corrective pattern in Elliott Wave Theory that is a difficult one to trade, the flat.

There are three types of flat patterns:

  1. Regular
  2. Irregular or expanded
  3. Running

We looked at each of the three idealized patterns above. Then, we used EUR/USD as a case study it is illustrated some of the guidelines used in flats.

Lastly, we discussed how to trade flats. Generally, they are a tough pattern to anticipate as they chew up more time than price. Range traders may find them especially interesting. I typically wait and try to anticipate the termination of the flat to trade as the ensuing trend could be strong.

See how Elliott Wave Theory is applied in the current environment in the main markets. Join Jeremy in the US Opening Bell webinar on Mondays here.

If you cannot make the live webinars, but wish to learn more about Elliott Wave theory, grab our beginning and advanced Elliott Wave guides here.

---Written by Jeremy Wagner, Head Trading Instructor, DailyFX EDU

Follow me on Twitter at @JWagnerFXTrader .

See Jeremy’s recent articles at his Bio Page.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.