USD/CHF Using a 15 minute time Frame
The Elliot system will work in any time frame. Let’s examine a trade on the CHF on 20
th
April
2005.
From the top at 1.1890, CHF starts falling, the currency falls by 50 pips
before there is an Elliot
signal. Let’s face it nobody is going to catch the tops and bottoms.
We get a signal to turn short at 1.1825, on 20
th
April 2005
Close position at 1.1750, when the EWO turns positive. 20
th
April 2005.
Total profits from the trade. – 75 pips.
So you can see that this signal will work in all time frames, when combined
with other strategies
discussed in this course. Often I am able to achieve up to 90% accuracy
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