A Trader looks at both sides and does not have an opinion on are we going bear or bull today, up or down. We could go up 100 points now to match the actual ATH, or we could continue rolling over in thi arm, spending more time in the S3 area, more selling than before, we will see what unfolds. Nobody knows the probazbly future in advance if they can't read elliot...
There are 3 types of structure: Swing, Internal, and Fractal. Swing -> BOS -> candle body close Internal -> i-BOS -> candle body close Fractal -> f-BOS/CHoCH (fractal structure trend change) -> wick break CHoCH (Change of Character) -> signals internal pullback starting/ending i-BOS (Internal Break of Structure) -> signals swing pullback starting/ending
The price touched the line with specific angle that covers ATH and (current) Lower High. I consider it as a point of reference because current observable price can be explained with that vector. The line separates 2 outcomes: Continuation of the uptrend Rejection Significant reversals that caused the structure to look the way it looks are: "ATH" 4...
Price is currently in a strong supply zone in the 4h time frame. If the price falls and surpasses the first CHOCH position, gold will continue to fall again. If gold continues to rise and breaks the Swinghigh creating a BOS signal, a strong Swinglow bottom will be created.
The market moves in two phases; Impulse and Correction. Impulse is composed of a strong bullish or bearish momentum while Correction is composed of a sideways move, which is always a serious consolidation. Trades are taken at the break of the correction
Basics of Elliott Wave Principles explained in the simplest possible way.
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....
Here are powerful quotes of professional traders, investors and experts in financial markets. Let their words inspire you and help you in your trading journey. "To succeed in the market, you must learn to think like everyone else and do the opposite." - Sir John Templeton 📈💭💡 "The four most dangerous words in investing are: 'This time it's different.'" -...
Disclaimer: Warning! The given tips are born from the minds of financial disasters and for entertainment purposes only. These are the results of the imagination of unsuccessful traders with a knack for making impressive losses. These master traders are known to make their financial mistakes by making huge losses. Unsuccessful traders are honored members of...
In the first part, we discussed the components of the price action theory. We covered value area, control line, and excess price with examples, setups & guidelines (with my own observations.) Now, in this idea, we are going to cover the following topics: No trading zone Initiative & responsive trading Shifting of the value area Bullish Value area Bearish...
The Concept Of Supply & Demand The price movement of the security is the result of demand(buyers) & supply(sellers): If the supply is more than the demand, there are more sellers than buyers than sellers, which results in a price fall. If the demand is more than the supply, there are more buyers than sellers, which results in a price surge. If the demand...
I am here with a unique topic. It is about a psychological trading trap called the cycle of doom. What got me interested in this psychological topic? Well, there are very few articles about it. You can count them on one hand, and more than 90% of traders are losing money. Most traders find their method of trading. What stops them from becoming profitable traders?...
This is what happened after the the MA Cross over happened.
This is a follow-up Idea to my most recent video explaining how MA crossovers work. This is what ended up happening over the course of the next few days.
Fibonacci interconnectedness of impulsive and corrective waves. Impulsive. Since Time is taken into account in terms of angles, the Fibonacci channels derived from multi fractals simulate phenomenon of the order in chaotic price action. More like projection of Levels of Probability like in QM, where Interference Pattern derived from waves of probability in...
Hello, Successful trading in the stock market requires a comprehensive understanding of market trends and the ability to identify price patterns. One such pattern is the interplay between impulses and corrections. By recognizing these alternating phases, traders can gain valuable insights into potential market movements and make more informed trading choices. In...
What are derivatives? Basic interpretation : something which is based on another source. A derivative is a contract or product whose value derives from the value of the base asset. The base asset is called the underlying asset. i.e., Sugar prices will rise if sugarcane prices increase due to low production. It means sugarcane is the underlying asset of sugar...
This is an example of how you can use Elliot Waves to enter a trade. The bigger wave is wave (1) which consists of 5 waves. Now, for wave (2), a WXY pattern happened in a parallel channel. It can also be called a double three pattern. Wave (2) reached 50% of wave (1). 50% - 60% is typically where corrections end. After that, we can see a sharp rise up. This is...