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Old 15-12-2007, 21:09   #69
pitstopped
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Re: The learning cycle for a newbie trader - PART 2

SoulTrader,

Your system seems to say the movement of the Forex markets are not random, but move in repetitive cycles, caused by the emotions of investors. Since these imotions are usually similar the cycles are usually similar and repeated, they therefore can be formulized by mathamatics.

This sounds a lot like the Elliot Wave system. Have you traded using this system as a basic starting point, and if so what were your conclusions of this system, and what did you change or add to it to help you select when to place orders?

Thanks' I am a newbi.
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