Wycoff, Elliot, Gartely, Dow and Gann are the legends in this trading markets...I didnt read anybodys book till now...i know the rules of Elliot waves and i practice that from 3 years (1 year as a fulltime) and i start to earn money now. The above 5 legends are in different styles...but everybody succeed in their field. Thats
why we are followers of them. Every theory has a + or -...that mean nearly 60 percent + that is a success in this field(for me).So take that success ratio, and if the 40% failure in market we can revocer or minimize the loss because of 60% success. (So, 60-40=20% is your success in 100%)
While I analyzing the market, i found approx 10 tradesetup( max limit trade setup) and i posted them all...why i am entering into the market and the reasons...in that 10 trades only 5 trade setup may trigger and the rest 5 will be invalid setup.
In that 5 tradesetup only 2 tradesetup will hit the TP and remaining will hit the SL. (if 5 stophits means 5% is loss..till now not happen) So in deep... my risk reward per trade is morethan 2%(1:2 loss 1% and profit 2%) so finally in 2 tradesetup i earn 4% and 3 tradesetup loss 3% remainin 1% is my PROFIT out of 10 tradesetup. So if u follow me u need to take all tradesetup...then only u can earn 1% from your capital. So dont follow me blindly. The wave count done by is fully manually by me and it can change anytime according to the live trading price action.Dont bias on this trade idea and the wave count. Following is not that much easy. So, try to learn and create your own strategy and earn. I am not responsible for any losses. Thanks lot.