By Elliott Wave International
Every trade begins with a series of decisions.
How do you identify a high-confidence setup? What confirmation should you wait for before entering? Where should your stop-loss go? And what do you do if the market proves you wrong?
In this free 30-minute lesson from Elliott Wave International, Trading Instructor Favio Poci opens up his Elliott Wave Playbook and answers those questions using four real-market examples across Gold, EURGBP, GBPJPY and AUDJPY.
As each setup unfolds, you'll see how he:
- Identifies potential Elliott Wave setups
- Waits for confirmation before entering
- Determines precise entry zones
- Sets stop-loss levels and evaluates risk/reward
- Adapts when price action doesn't go as planned
Perhaps the most valuable lesson: not every setup works as planned. Favio demonstrates that successful trading isn't about being right every time — it's about following a disciplined process for managing opportunities and risk.
Whether you're new to Elliott Wave analysis or looking to sharpen your trading approach, this lesson offers a practical look at how a market veteran applies the Wave Principle in real market conditions.
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