Trading from Europe, Spain, Mircea is a big fan of Elliott Waves. He’s using historical price data to count waves from yearly and monthly charts all the way to the daily timeframe or even lower.

An MBA in International Business graduate, he’s passionate about economics. His approach to trading is both unique and mind-boggling: he trades time! In doing that, he predicted both Brexit and the U.S. Presidential election outcomes.

With a passion for monetary history and historical patterns, Mircea is trading only the Forex market: the classic major pairs and a few crosses. He’s trading only the currency pairs he has historical data for. In some cases, hundreds of years of data is considered.

Mircea runs a Forex signal service that’s up over +590% in the last 39 months, and a Forex mentoring program on Capital Properties FX.

In the show Mircea shares:

  • What makes Elliott Waves uniquely profitable
  • Why knowing yourself is more important than knowing the subject
  • What shape creates the best trading patterns
  • A simple money management technique anyone can use
  • Why time is more important than price

Today's Sponsor

Visit TradeDefender.com and receive $50 off with coupon code: 52TRADERS

71: Mircea Vasiu on 1 Elliott Wave Secret that Net Him 590%
00:00:00 00:00:00

Recommended Book

Reminiscences of a Stock Operator by Edwin Lefevre

Interview Links

CapitalPropertiesFx.com

Broker & Platform

Saxo Bank and Metatrader 4

Key Lessons

  • Never underestimate the power of numbers
  • Use the time element to enter and exit a market
  • Trading is an ongoing pattern recognition process
  • Below daily timeframe charts are too noisy
  • To succeed, put in the “screen hours”
  • Know your way out, before you go in
  • FX correlations are difficult to trade
  • Same patterns are repeating on all the timeframes, only time is different
  • Contrarian trading works more often than people think
  • Stay away from classical thinking, try to bring a new approach to the market
  • Stick to your trading plan
  • Technical analysis shows where the market is going, fundamental analysis shows why

Mircea’s Trading

  • Mircea makes top/down analysis on the most important currency pairs, like EURUSD, USDJPY, GBPUSD, etc.
  • Continues Elliott Wave counting on the monthly from where it left off from on the yearly, on the weekly from where it left off from on the monthly, and so on
  • Rarely goes down to the 4h chart
  • He trades in full and half positions, allowing maximum 8 full positions at one moment in time
  • Uses pending orders as much as possible
  • Tries to avoid unnecessary risks like keeping positions open over the weekend
  • Rarely trades on Mondays, but trades aggressively right after important events

Mircea’s Strategy of the Week

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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES, OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES, ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL, OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM, WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

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Forex, futures and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Our website, product contents, and materials are neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our website or in any materials. The past performance of any trading system or methodology is not necessarily indicative of future results. Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets.

Don't trade with money you can't afford to lose. Nothing in our course or any materials or website(s) shall be deemed a solicitation or an offer to Buy/sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Trading involves high risks and you can lose a lot of money.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.