TI Premium 2009-05-14 Combining Elliott Wave and Price Action for Swing Trading

Most traders believe that in order to make a living as a full-time trader, they have to be trading all day every day in order to make the big bucks. This interview proves that's not the case. Dave Floyd is a successful full-time independent currency trader and money manager who makes just 5-7 trades per month. His strategy is an interesting combination of watching both Elliott Wave and simple price action to determine where his entry and exit points will be. He admits he is an extremely patient trader, waiting until just the right moment to enter a position. We talk about his "ideal trade" and why he trades using three very specific timeframes. We also discuss why he thinks looking at Fibonacci applied to time is just as important as applying it to price. We also discuss the one odd currency pair he trades almost exclusively, and the advantages that particular currency affords him. Play in Windows Media Play in RealPlayer Play mp3 stream Download full mp3 file

Submission | May 14, 2009

Tags:. .interesting. .full. .fibonacci. .timeframes. .elliott