{"id":1015,"date":"2019-08-14T11:32:21","date_gmt":"2019-08-14T08:32:21","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=1015"},"modified":"2026-05-26T10:56:27","modified_gmt":"2026-05-26T07:56:27","slug":"extra-trading-strategy-basics","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2019\/08\/14\/extra-trading-strategy-basics\/","title":{"rendered":"EXTRA Trading Strategy Basics"},"content":{"rendered":"\n
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EXTRA <\/em>Strategy - is the art of thinking.<\/p>\n<\/blockquote>\n\n\n\n

The word strategy is derived from the Greek \"strategos\" which means hero, leader, commander-in-chief, the one able to manage people and resources in order<\/a> to reach a goal.<\/p>\n\n\n\n

EXTRA strategy implies the ability to read the situation and see the perspectives of the financial markets.<\/p>\n\n\n\n

EXTRA strategy, like any other, has long-term, mid-term and short-term goals. At the basis of this strategy lies a MATRIX<\/strong>. A matrix is practically the basic structure of the Elliott waves<\/a>.<\/p>\n\n\n\n

<\/span>Elliott waves<\/span><\/h3>\n\n\n\n
\"Elliott<\/a><\/figure>\n\n\n\n

<\/span>The MATRIX of EXTRA strategy<\/span><\/h3>\n\n\n\n
\"The<\/a><\/figure>\n\n\n\n

According to Elliott, there are 13 models of market behavior that can be singled out. However, the complexity of these models leads traders to misinterpret the events. So, trading by them is an especially hard task. The MATRIX allows for trading each tendency separately. In the picture, the pivot levels of the model are highlighted: 1,2,3,4,5,6.<\/p>\n\n\n\n

The model is shown in its perfect variant, symmetrical both in terms of time and levels. The division into five waves is clearly visible. In practice, we will most likely have certain deviations of time; however, the minimum of pivot levels is carefully executed. <\/p>\n\n\n\n