My Review of Derek Frey’s Elemental Trader

CLICK Here to Buy Elemental Trader and Get My $200 Trade Manager Bonus
(Read more about this special bonus here — Opens in new window)

I was recently invited to evaluate Derek Frey’s pattern recognition application and Elemental Trader strategy. After spending a little time testing it I made the decision to write this Elemental Trader Review to aid other traders that are curious about this program.

At the start I assumed that this program would discover popular price patterns like flag, wedges etc,but while i installed the application and saw the intro videos I found that this is something totally different..

The Elemental Trader strategy is driven by Harmonic price patterns including the Butterfly and the Gartley..a model that I’ve never even been aware of until now. These patterns develop regularly on the charts, but they depend upon the location of specific Fibonacci ratios and distinguishing them with an inexperienced eye can be extremely hard. This complexness is more than likely why Harmonic trading isn’t such a talked about strategy.

The aspect that astonished me is how reliable these Harmonic patterns are in predicting important reversal levels in the charts. I’ve spent numerous hours testing the pattern recognition program given with the Elemental Trader product and noticed that these patterns uncovered significant reversal levels around more than 80% of times. Let me show you an sample of a typical Butterfly pattern that recently took place on the 4 Hour EURUSD chart:

As you can tell, this bullish Butterfly pattern uncovered the actual reversal area that started a move of more than 850 pips to the upside. I’ve checked out a lot of currency pairs on the various time frames and this particular condition take place time and time again.

CLICK Here to Buy Elemental Trader and Get My $200 Trade Manager Bonus
(Read more about this special bonus here — Opens in new window)

What Exactly is Contained in the Elemental Trader Product?

The Elemental Trader Package is made up of the following materials:

1. Pattern Recognition and Trade Finder Software
   This is far more than the complimentary Metatrader indicator that they’re giving out on the Elemental Trader webpage, it’s a standalone software application that supplies you with ongoing analysis of all the various currency pairs and timeframes. You can set up your own alerts so that you are notified when specific patterns occur on the currencies or timeframes you are interested in. The Trade Finder alone is probably where the most value is offered in this program.
2. A Comprehensive 6 Module Trading Course
   This course explains everything you should understand about Harmonic pattern trading, how to operate the pattern recognition program and most notably – how to develop a longer term business around the Elemental Trader technique.
3. Live Trade Room
   You will also receive acces to the live trade room where you could peek over Derek Frey’s shoulder as he trades on his real money account. The introduction offer gives you free admission to this trade room for four weeks, after which you will be charged a monthly fee.
4. Derek’s eight Week Mentoring Program
   This guidance program presents new members the possibility to meet up with Derek for an hour per week to talk about trade performance, receive tips on certain trade setups or address any problems you could have.

Furthermore you’ll also be given a selection of other bonus items like Derek’s “Quick Start Guide to Fast Profits”, his “Harmonic Pattern Blueprint” quick reference guidebook and exclusive permission to access other articles and education on the members-only Elemental Trader site.

Is Elemental Trader Truly Worth the Money?

I’ll be frank with you – I’m a great supporter of techniques based upon price action, so my judgment on this could be a little biased. It’s a reality that these Harmonic patterns develop time after time and that they can be hugely profitable, but the trouble is that it is rather hard for the common trader to spot them manually. Even if you do find a way to discover the patterns, there’s undoubtedly a shortage of adequate education that helps you with exact tactics for trading these kinds of patterns.

The Elemental Trader product eliminates all these concerns. It gives you a simple yet effective trading method that can not only apply to forex trading, but to futures and other market segments as well. If you have any ambitions to generate income from forex in the longer term, then price action should be the strategy to use and so far as price action techniques go you will not likely get any more worthwhile.

CLICK Here to Buy Elemental Trader and Get My $200 Trade Manager Bonus
(Read more about this special bonus here — Opens in new window)