Hello, friends.
I wanted to share that I've been studying the Elliott Wave principle for three years now. Initially, I began with Kendel and binary options, but I always strive to find the right path when I enter a profession. I've also worked with Price Action, which I found to be good and preferable to using candles.
However, I discovered Elliott Wave through...
Expected Value (EV) is a statistical concept that indicates whether our trading system or strategy will yield positive, negative, or neutral results in the medium or long term. It is based on previous results. As we know, past performance does not guarantee future results, but it helps us get an idea of how it might work and allows us to base our decisions on...
I wanted to share my thoughts on the significance of using channeling technique in Elliott Wave theory when analyzing charts.
To begin, we draw what we call a "base channel," starting from the beginning of wave 1 and extending it to the end of wave 2. This initial channel provides us with a foundation for analysis.
The following occurrence of an impulsive...
Greetings, dear friends.
I wanted to share with you an interesting idea regarding chart labeling. Instead of labeling the chart, I suggest focusing on your trend line and channel.
My analytical tools include the Elliott wave principle, harmonic patterns, chart patterns, and the simple yet powerful trend line.
I appreciate all of my companions and followers who...
Hello Traders
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
This video explains the Change in Behavior concepts as well as Effort vs. Result and how Speed Index is filling the gap of quantifying these concepts.
Enjoy!
PS. I am really sorry about the mouse I had some windows 11 issue during recording.
Hey there, fellow crypto enthusiasts! Welcome to my blog, where we break down the complex trading world into bite-sized knowledge nuggets.
Today we're diving headfirst into the exciting strategy of Dollar Cost Averaging (DCA) and how it works with trading bots.
Dollar Cost Averaging Demystified
Alright, folks, let me break it down for ya. Dollar Cost...
Trading is a fight between bulls and bears.
In a Bull market, correction is inevitable, but it has a disciplined price limits.
the above chart discuss the psychology of traders in a 5 wave price action
you can apply it on any indices
Lesson 1: Be an Artist explains the following topics:
Timeframe Significance
Price Location Significance
Drawing Support / Resistance
Drawing Fibonacci Retracement – Significant Levels
In one of the previous posts, we discussed the significance of a trading journal. In the today's article, I will share with you the key elements of a trading journal of a professional trader.
And first, a quick reminder that a trading journal is essential for your trading success. No matter on which level you are at the moment, you should always keep track of...
As a long time trader and professional investor, it's been awesome seeing the evolution of Bitcoin. It's a place for influencers to say stupid things like Bitcoin to 100k or 250k without any real merit or logic behind such a price point. Often the analysis consists of a handful of useless lines drawn from nowhere to somewhere of interest on the chart.
To...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Today, I want to share an interesting pattern that I always use to speculate (to an extent) the next move of an asset.
🏹 I call it the "Bow & Arrow" pattern.
This pattern can be either bullish or bearish, but for today, I will be focusing on the bullish reversal...
We had successful trades with the NASDAQ and the DAX. Let's look back at the past trading week and learn from it. What went well? What could be better?
This is an experiment. Educational content to become a good waver. If you like this video, please let me know by commenting. Any suggestions? Please let me know.
Something went wrong with the recording for the...
Price reversed strongly from our resistance level to the support level at 22.20. But how did it happen?
Join Desmond in today's analysis review to have a quick recap on the elements that led to this strong reversal.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third...
A single formula for success for trading in the financial markets. Think of the markets as being like the ocean and the trader as a surfer. Surfing requires talent, balance, patience, proper equipment, and mindfulness of your surroundings. Would you go into water that had dangerous rip tides or was shark-infested? Hopefully not.
The attitude to trading in the...
Elliott Wave background
In the 1930s, R.N Elliott identified the price of the stock trends and reversed a specific pattern. This pattern is repetitive in form and, the patterns have predictive value. He decided to use this pattern (Elliott wave theory) to predict the market. The Elliott wave is not primarily a trading system. It is a detailed description of how...
![BTCUSD: Part [A] Basic of Wave Principle](https://s3.tradingview.com/w/wgMqvxCk_mid.png "Part [A] Basic of Wave Principle")
