Hello, here is a cheat sheet for Elliott Waves for top 10 Rules, so you can print this out and keep on your desk.
The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors....
Three Black Crows is a term used to describe a bearish candlestick pattern that can predict a reversal in an uptrend.
Classic candlestick charts show "Open", "High", "Low" and "Close" prices of a bar for a particular security. For markets moving up, the candlestick is usually white, green or blue. When moving lower they are black or red.
The Three Black Crows...
When it comes to analyzing price charts, simplicity is often the key to success. Overloading your trading chart with numerous tools and indicators can lead to confusion and hinder your decision-making process. In this post, we will explore the benefits of removing unnecessary and useless tools from your chart, enabling you to focus on the most crucial aspects of...
Despair and Hope, two sides of the same coin and the two emotions that rule your decision making.
In my 10+ years of trading experience, I'm not sure it's even possible to not feel or be aware of them in some way - what I'm saying is, I don't know if you can get rid of them entirely from your trading.
It may just be a constant (and natural) part of being a...
What Is a Stop-Loss Order?
A stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed to limit an investor's loss on a security position. For example, setting a stop-loss order for 10% below the price at which you bought the stock will limit your loss to 10%. Suppose you just...
In this post, I'll explain the ongoing situation with Twitter; how they're preventing Elon from buying the company out, and my thoughts on why Elon wants Twitter so badly.
Twitter's Strategy
- Twitter is using a strategy known as the 'poison pill'.
- This is one of many defensive strategies that boardrooms can take when they're trying to prevent hostile...
Hello, You may have never heard of Elliott Wave Theory before! Here is a cheat sheet for Elliott Waves for top 10 Rules, so you can master them all! print this out and keep on your desk.
How do you read Elliott waves?
The Elliott Wave Theory is interpreted as follows: Five waves move in the direction of the main trend, followed by three waves in a correction...
We gave a breakout level of $700 back on June 24. There was a strong push and it was being tested. Half of August passed with a fix, but later we pulled out of the trade because the price wasn't going up, there were small volumes. The opportunity to re-enter again came a week later, on August 23. Then the price consolidated well and we were waiting for growth.
As...
Buying dips can be tricky, the issue is knowing if it's an actual dip or a full trend reversal. I used to think buying at a lower price to double down on an investment going the wrong way was a good idea. However, after reading a book called the Zurich Axioms by Max Gunther - the penny actually dropped. In essence, profit is profit. It does not have to be made...
''Currently trading at over double the market capitalization of Toyota, With a production output of a fractional percentage in comparison
P.E should packed away in the gym bag and forgotten about till next term when it will be stagnated further, Maybe then NKLA will save the day with another IPO of broken promises
Ganja has been bombed and musk is Lightly rooted...
Hello daytraders, intraday and swing traders! One of the best ways to make profits is to focus on the details of the graph.
Find small patterns (like the 2 triangles and cup and handle pattern), define your target, and limit your stop-loss (I recommend 2%).
Finally, think in terms of 100 trades and calculate your profit percentage, you may do 5 bad consecutive...
You will never control where the market goes next... unless you are a market maker with very deep pockets.
Stop trying to predict where something will be in 6 months and focus on what's happening now.
Your objective as a trader is to manage risk at Distribution/Accumulation points in the markets.
Here we have a chart of tesla.
Custom Candles, Ema Dots...
6 stocks highlighted on our standard settings for our members to trade from.
Some great gains from the strategy across the 6 pairs as shown in the video.
Regards
Darren
Currently NASDAQ:TSLA gave a breakout from not so clear Head and Shoulders pattern with a potential target of 1388 levels.
P.S: It has to clear the over head supply as of now.
Hello all, I would like to walk you through our system if you're curious to know how we look for easy buy and sell signals.
The top chart is the Crossover strategy that we provide in our course.
The bottom 3 charts are the ema dots a custom tool created by MLT.
We have different settings applied to the bottom 3.
What we really want to look for is when all...
