Elliott Wave Forex Trading: It's Not The News That Matters

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The standard explanation mainstream financial analysts and some forex trading "experts" use when talking about a market move is, "The market did that because of such-and-such news report." But if you've been forex trading long enough, you know that all too often, the market's reaction to the news is the opposite of what it's "supposed" to be. Watch Elliott Wave International's Senior Forex Trading Strategist, Jim Martens, as he explains that it's not the news that matters when you're trading forex -- it's the market's reaction to the news that does -- in this 10-minute forex trading video using the U.S. Dollar Index, Euro / Dollar and Dollar / Pound (cable) charts as examples.
Watch more free Elliott wave videos here: http://www.elliottwave.com/wave/yt113007

Tags for this video: cable Dollar elliott euro forex Index news pound trading U.S. wave
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Read some comments

I don't understand ... ( 5 months ago by Stauffenberg46)

I don't understand why you don't use lines chart than stock charts, it's more easy to understand the principle

you need to balance ... ( 5 months ago by forexhelp)

you need to balance both..

But in which ... ( 4 months ago by Udripotamburi)

But in which Time-frame?

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EXCELLANT

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First leg down of ... ( 1 month ago by TYX91101)

First leg down of the new bear market began in early 2000. The past six years were a B wave (countertrend). We have now entered wave C down at a very large degree of trend. C waves typically demonstrate incredible power.
So the forecast is "down with incredible power". For several years.

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