I am wondering if anyone here is using Elliott wave theory in their strategies, because I am interested in adding it as extra confirmation, but wanted to hear some opinions, does anyone have experience trading them?
I spent nearly 2 years studying them when trading the DOW - sometimes you can see them plain as day on the charts - mostly they do not show well.
I’m not even sure whether they are applicable to forex since forex has TWO moving parts !
I only ever used them as a “confidence booster” for other trades - I’ve now sold my books about them and don’t I bother with them.
Not what you wanted to hear I suspect - but hey - that’s my experience - for what it’s worth.
Welcome in btw 
I use it is a contrarian indicator. When it says sell I buy, when it buy I sell.
Of course I’m not being serious - I don’t think Elliot Wave is much of a timing tool - however it will on occasion give you the perfect market bottom or market top.
Paul Tudor Jones used Elliot Wave in his trading - and he’s living legend - so it can be done - although not for me personally.
But was he trading Forex ?
I don’t think he was particularly choosy as to what he traded.
Considering that forex is supposed to have the best trending markets I can’t see why Elliot Wave wouldn’t work.
To be frank, it is not that great and not worth the time to do because most of the time, it stays flat. However it does give you an opportunity regarding the market movement. Alas, that comes once in a while.
Trends are simple, widely understood and objective. Elliott Waves are complicated, only used by specialists and subjective.
If you can’t make money by using price chart trends, then you will not find it easier using Elliott Waves. If you care making money using trends, whey would you need them anyway?
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