Elliott Wave International | World's Largest Market Forecasting Firm Since 1979
Please Login
 
 | What's My Password?
EWI

Home > Currencies
VIDEO (Forex): How To Use Market Corrections to Your Advantage
Elliott Wave International shows in a free video a technique for taking advantage of complex market corrections.

By Vadim Pokhlebkin
Sun, 09 Mar 2008 21:40:33 ET
Email |  Print  |  RSS Feeds Generated by Elliott Wave International RSS |  My Updates
Bookmark and share It!

In mid-February, the exchange rate between the U.S. dollar and Japanese yen -- known to forex traders around the world as the USD/JPY -- stood near 108. Today, it stands near 102, some 600 points (or pips) lower.

That's a big move, and it's not a stretch to assume that a lot of currency traders got caught off guard by it. Maybe you did, too. Nothing wrong with that -- it happens; forex markets do like to surprise. But what if you knew a technique, which -- just by your looking at a chart of the USD/JPY -- could have warned you of this move before it occurred?

Yes, there is such a technique -- and no, it doesn’t involve a crystal ball. The free 9-minute video you are about to see shows you just how to do it. Elliott Wave International's Senior Currency Strategist Jim Martens released it to subscribers of his Currency Specialty Service on February 15. Watch Jim explain his technique now.

Watch "How To Use Market Corrections to Your Advantage" now.

Note: You need a free Club EWI Membership to watch this video.
Take 30 seconds to 
join 125,000+ members now.

Tags: u.s. dollar, japanese yen, forex, Currencies

Rate this content:
  


Forecasts of the Currency Markets You Follow. No More, No Less.

In a perfect world, you would custom-build your own financial service. You would choose which markets to trade, get professional advice, and only pay for the forecasts you need.

We can't give you a perfect world, but we can give you the service described above. Our Currency Specialty Service – a professional-grade forex advisory service previously reserved mostly for global forex professionals – is now available to both private and professional currency traders. Now, you can pick and choose a flexible and affordable currency package that meets your unique needs. Each currency package is a bargain – and the more you choose, the less each one costs.

Currency Specialty Service forecasts prices of the major dollar and cross rates using the Wave Principle and other technical analysis tools. Our analysts monitor global forex markets 24 hours a day and post updates around the clock, as often as market action dictates. You get clear, labeled charts and a "plain English" forecasts that keep you informed at a glance. For better risk management, you also get the critical price levels that reinforce or negate the developing trends.

Currency Specialty Service always keeps you alert of the developing trends in these currency pairs:

Dollar Rates Cross Rates

EUR$       $CHF

EURCHF
GBP$       $JPY EURJPY
AUD$       $CAD EURGBP
Dollar Index  

Currency Specialty Service gives you:

Intraday Forecasts – You get short, clear forecasts of the market's direction around the clock, as often as market action warrants. Precise support and resistance points help you stay in control of your position risk.

Daily, Weekly & Monthly Forecasts – Every evening after the New York close, our labeled daily price charts give you concise directional forecasts for tomorrow. And you'll always have our current long-term outlook, complete with weekly and monthly price charts.

Whether you take just a few major forex positions a year or trade currencies intraday, the Currency Specialty Service gives you the forecasts you need.

View our Complete Coverage Menu, and get instant access.

View Sample Forecast


"I am very pleased with Elliott Wave [intraday] coverage of stocks. It helps with entry and exit points to maximize my return immensely. It is, by far, my favorite Elliott Wave service."
- B.B
 
"I would say that your comments have just about doubled the performance of my trading... I can concentrate on other aspects of trading more easily now that you are running the numbers for me."
- J.E.
 
"Thanks for the excellent work on the short-term forecasts. They are wonderful and easy to understand. We have traded off them quite profitably so far."
- J.D.
 

Read more subscriber feedback


New Online Trading Course: How To Use the Wave Principle to Boost Your Forex Trading

People who read this also read:
Soybeans: Showers Of Opportunity
Dow Declines 358 points? Phooey -- Here's a REALLY Big Number
EURUSD: U.S. Interest Rates Unchanged. Now What?
Cocoa's Critical Mass: Sweet Serenade or Swan Song?
Free Week Is Over, BUT... The Opportunities Have Just Begun
Categories
Most Recent Articles
- 7/3/2008 5:15:00 PM
Commodity Special: Fireworks Of Opportunity
- 7/3/2008 5:00:00 PM
What It's Like To Feel Less Rich – and Fatter
- 7/3/2008 10:15:00 AM
Credit Crisis: The “Naked” Truth
- 7/2/2008 1:45:00 PM
New Quarter, Same Trend; Secular Bear is Settling In
- 7/2/2008 1:00:00 PM
Asia Pacific Stocks: "Worst Half Since 1992"
|
|
|
|
|
|
|
|
|
The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.