I am a FOREX trader......

[Trader Question]

I am a forex trader, I currently use Elliot Wave theory, from various articles I have read, I understand this method to be somewhat more reliable?

I gather this method can be used for Forex, however I like to use tight stops in Forex 10-20 pips, is this a suitable method to look at?

I have just started day trading fulltime, and further wish to expand my knowledge, where I can integrate the two methods. What results are forex traders, if any, which are using this method are obtaining, 50 -100 pips a day?

JW

[pldot]

===Elliot Wave is not a subject that I am expert in but I have the impression that one is not certain what the correct count is and so has to choose between alternatives? Drummond Geometry is likely a bit more reliable, but in the hands of a skilled trader likely both would be productive.

===Yes this can be done, although we do not take that approach to stops...

===some do extremely well, others not so well. As in all complex human endeavors, there is a significant spread among the individuals that follow this path...