Palladium is bearish lately ⛷️Bearish Order Blocks Tutorial.
Bearish order block played out well with 1:8 RISK:REWARD!
Wave Analysis
W/M Pattern on D/W/M Study ~ (EURUSD)W or M Patterns on Daily/Weekly/Monthly most of the time revert back to neckhline of the W/M Pattern.
These could be traded if understood well, all you need to look is W/M on big tf.
Then wait for reversal pattern with other reversal indications. and take trade with good R:R
How to trade the Elliott wave triangle correction?Triangles seem very easy to trade but act differently when it comes to trading.
#Elliottwaves have a very important, genuine, consolidated and beautiful pattern that is #triangle correction.
The structure of the triangle is 3,3,3,3,3. It means the triangle has 5 waves in it and each wave is sub-divided into 3 waves which we call (a,b,c,d,e). After 5 waves the triangle should have to burst out in the direction of the main trend. In a special case, when a limiting triangle occurs, it made 9 waves all of 3 sub-waves. i.e. 3,3,3,3,3,3,3,3,3.
An Elliottician thinks that it is easy to judge when the triangle finishes its 5 waves and we can play a move along with the trend. But ain't that easy. Most of the time, two types of problems a trader faces while dealing with the triangle.
A triangle in the Elliott wave which has 3 sub-waves in all 5 waves usually has a zigzag correction in it, but inside that Zigzag, wave B can be expanded flat. It always creates an illusion that the triangle is over whenever an expanded flat is formed, and an expanded flat is made in wave c of the triangle.
A good trader is one who doesn't lose patience and sees the triangle bursting before its actual ending. With this false wave count, sometimes a trader's stop-loss doesn't get hit, but it takes too much time to actually complete the triangle. So, for an option buyer, this false illusion can be a death to the trade as all the premium will decay if he enters too early in the triangle.
As shown in my attached previous analysis of #HDFC , there is no genuine way to know from where the actual triangle starts in the Elliott wave. When the correction starts, the first leg can be a wave A of Zigzag, and the triangle can occur in wave B of Zigzag. The other alternative is the whole move is the triangle which starts from wave A and will end at wave B
Now, the first leg i.e. wave A of Zigzag is also a 3 wave move. So, it is difficult to make sure if the whole move is a triangle or if the triangle is in wave B of Zigzag.
So, the best way to trade a triangle is to be patient first of all, and trade only when the price breaks out from wave D. It will save a lot of your time and money. The technical analysis is all about the Price and Time as well.
Happy Trading!
BITCOIN IS THIS BOTTOM OR JUST STARTING At the outset, I would like to inform you that I have been a big fan of the wave theory in the last five years, but in science there are no feelings and biases, as well as in markets, and also the theory has not reached the limit of idealism and some critics say that it did not reach the limits of theory, it is only a hypothesis and It has been going on for such a long time because of its many possibilities. anyway , this discussion will be as simple as possible and easy for the public to understand, even non-specialists, and from them I will present some scenarios that I see as possible to happen on the Bitcoin chart.
# The first scenario:
Have we finished the FLAT and are heading to ATH ???!!!!
I wish if the answer to this question was clear and certain , this perception takes the third place out of four, and the reason for this is the downward wave from the top of 69 to the current levels not clear five wave .
Well, according to this scenario, the end of the correction is expected at the 23k, from which we start a new bull market (remember this scenario takes the third place among the possibilities)
The second scenario:
It is a rare but possible pattern, like what happened in the Dow Jones Index in 1966, which is the expanding triangle
In the wave principle, there are four triangular patterns(Without counting the irregular top) , and the below chart shows the expanding pattern, and it may develop and change into a second type of the family of triangles. One must be careful that the triangle is one of the most difficult patterns to anticipate early, and its volatility is very high.
There may be some intellectual fanaticism on the part of some wave analyzers regarding the internal structure of waves. they assert that they be from the zigzag family, and this condition is not true
The third and fourth scenarios:
They are the most important and most likely, which is that the wave from 69 to the current price is the first corrective wave of the model and it is formed with a 3 waves structure that is very satisfactory to the rules and guidelines, anyway, the main reason for my preference for this scenario is to study time cycles (note that time cycles are more scientific and have been worked on a lot), so since we are in the A wave of the structure and this wave was 3 waves , so the possibilities will be limited to that the pattern It evolves and takes a flat or develops and takes a triangular shape and the balance tends to the triangular model due to the economic and global conditions
I know that this perception of the next movement is boring and takes the sideway character (and sorry, but your Lamborghini will be delayed this time ) and the correction may end in the first quarter of 2024, but remember the markets are not devoid of opportunities
Well, what do we gain after all this talk showing charts ??
It is very simple and here lies the strength of the wave theory, so that all the mentioned scenarios agree in the upcoming movement, which is the rise to the levels of 48-50 thousand. This wave at least gives twice the profit without using the leverage, and what do you expect to happen to the rest of the alt coins in this rally : )
I wanted to post some mysterious Fibonacci sequences for Fibonacci fans but it might take a lot of time
Anyway, a little advice from me
Life is more beautiful than the trading markets, do not be addicted to the price movement and lose the most valuable thing you have (your time) I wish luck to everyone
My greetings
How To Analyze Any Chart From Scratch - Episode 5Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on BTC, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
COMPOUND INTEREST | Time is on your side📚
❗️As it turned out, not all traders are familiar with such an important concept as compound interest. Meanwhile, the use of compound interest in trading can be a very effective tool for making a profit. In short, compound interest is the accrual of interest on interest, and if in detail, then read on.
✅The formula for calculating compound interest has the form:
Compound percentage = (P (1 + g)^ n) – P, where
P – the amount originally invested;
r – interest rate;
n is the investment period.
Let's say you invested an amount of $ 10,000, every year the interest received is added to the principal amount, and new interest is accrued for a larger amount. If the investment period is 5 years, and the interest rate is 10% per annum , then after the specified period, taking into account the compound interest, you will receive a profit in the amount of:
(10000(1+0.10)^5)-10000=6105.1$
And without taking into account the compound interest, the profit for the same period will be:
1000050,10-10000=5000$
As you can see, using compound interest (or in other words reinvesting profits) brought additional income in the amount of: 6105.1-5000 = 1105.1 $.
✅It seems that the figures presented above are not impressive, but the use of compound interest in trading can truly work wonders. In what way? Let's take another look at the compound interest formula described above. It is obvious from the formula that you can increase profit by increasing any of its components. Let's not touch the amount originally invested, but play with the value of the investment period and the interest rate.
To begin with, let's imagine that we will reinvest the profit not every year, but every month. Then the investment period will be 12 5 = 60 months. The interest rate corresponding to this investment period will be equal to: 10%/12=0.833%. Let's substitute these values into the formula for calculating the compound percentage:
(10000(1+0.00833)^60)-10000=6449,8$
As you can see, under the same conditions, but with monthly reinvestment of profits, the income will already be $ 6449.8- $6105.1 =$344.7 more.
Well, if the trader's income is not 0.833% per month, but, for example, 5% monthly, then under the same conditions and for the same period, the profit will already be:
(10000(1+0. 05 )^60)-10000=176791,86$
Felt the difference, impressive, isn't it? And what if you reinvest profits not monthly, but daily? Let's figure it out. With an average yield of 5% per month, the average daily yield will be 5%/21= 0.238% (here 21 is the number of working days in a month). The investment period will be 5360=1800 days. Let's substitute the data into the compound interest formula:
(10000(1+0.00238)^1800)-10000=711617,5$
This is already 711617.5-176791.86 = 534826 $ more than with monthly reinvestment of profits. More than half a million dollars (and this with an initial investment of only ten thousand)! That's impressive. That's what compound interest is in action.
⚠️This is about theory. In practice, it is impossible to achieve a constant percentage of profit every day. Some days a trader inevitably ends up with a loss, some with a profit, and the size of these losses and profits is always different. So it is unlikely to substitute the value of the percentage of profit per day in the above formula. However, the very essence of compound interest, clearly shown above in figures, gives the trader a fairly powerful tool for earning. A trader can and should use compound interest when creating his own money management system.
❤️ Please, support our work with like & comment! ❤️
Market Cycles, Natural as Night and DayThis idea is For Educational Purposes Only
This Is Not Financial advice
Trading is Very Risky and You can lose Money
I am Not a Professional
Bitcoin has a beautiful rhythmic pattern,
RN Elliot was the guy who taught us what it looks like. God bless that man
Wave 1 is up, usually not that exciting
Wave 2 is down, and is the place to buy, any crypto You like
Wave 3 is up, everybody you meet is a "trader". mainly because the up trend make humans feel like they are smarter than they really are
Wave 4 is down, this one is my favorite, It breaks the hearts and minds of all the greedy so called "traders", most lose their shirts
Wave 5 is the final UP wave, this is where Alt Coins shine, they pop off like popcorn!
CAUTION:
Wave 5 does NOT last forever, when coins like XVG touch .30 cents/ Bitcoin Cash $4100. You will know its time to sell ALL Crypto
WAVE 4 will touch 20k then its Game on for a while then a lot of down down down down for years...
The overall Cycle correction is Long and predictable. it Must retrace below wave 4 by at least one degree
Note: It took about 820 days for the last cycle to reach its wave 2 bottom, patience is required, Save your money!!
Om Shanti My friends..
The Characteristics of Corrective StructuresHi fellow traders, I would like to share with you all the characteristics of the most important structures when it comes to trading waves. When reading all the rules and guidelines of the Elliott Wave Principle it might be a little overwhelming and complicated for most traders. At least to me it was when I just started learning. For that reason I've tried to put it more in perspective by drawing all the patterns and making it more visual for everyone to understand. The notes are all included on the chart and I hope it helps you during your trading sessions.
If there are any questions please feel free to comment,
~ OGwavetrader
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Bearish Cyphery Pattern - Elliott Wave Analysis Bearish Cypher Pattern , in Elliott Wave Analysis is
Irregular Flat Correction or Running Flat Correction
Rules
The B point stands at the end of the AB leg, which is a retracement of the XA leg. The B point must lie between a 0.382 and 0.618 retracement of the XA leg;
The C point lies at the end of the BC leg and should be a 1.272 to 1.414 projection of the XA leg;
Point D should be a precise 0.786 retracement of the line between X and C (XC). The D point is the end of the pattern.
Bullish Cypher Pattern - Elliott Wave Analysis Bullish Cypher Pattern , in Elliott Wave Analysis is
Irregular Flat Correction or Running Flat Correction
Rules
The B point stands at the end of the AB leg, which is a retracement of the XA leg. The B point must lie between a 0.382 and 0.618 retracement of the XA leg;
The C point lies at the end of the BC leg and should be a 1.272 to 1.414 projection of the XA leg;
Point D should be a precise 0.786 retracement of the line between X and C (XC). The D point is the end of the pattern.
Bearish 5-0 Pattern - Elliott Wave Analysis The 5-0 Pattern has the following ratios.
A no specific retracement level
AB leg extends XA leg between 113% – 161.8%
BC leg extends 0X leg between 88,6% - 113% 113%
BC leg is also an extension of AB by 161.8% – 224%
CD leg should to be 50% retracement of BC
The first part of 5-0 Pattern is Shark Pattern.
The A-B-C leg of Shark Pattern is in Elliott Wave (w) - (x) - (y), legs of Wave A from Flat Correction
The second part of 5-0 Pattern is Shark Pattern is D.
D leg in Shark Pattern, in Elliott Wave is Wave B , leg of Flat Correction
That is mean after B we are waiting Wave C and then PRZ
Bullish 5-0 Pattern - Elliott Wave Analysis The 5-0 Pattern has the following ratios.
A no specific retracement level
AB leg extends XA leg between 113% – 161.8%
BC leg extends 0X leg between 88,6% - 113% 113%
BC leg is also an extension of AB by 161.8% – 224%
CD leg should to be 50% retracement of BC
The first part of 5-0 Pattern is Shark Pattern.
The A-B-C leg of Shark Pattern is in Elliott Wave (w) - (x) - (y), legs of Wave A from Flat Correction
The second part of 5-0 Pattern is Shark Pattern is D.
D leg in Shark Pattern, in Elliott Wave is Wave B , leg of Flat Correction
That is mean after B we are waiting Wave C and then PRZ
Setup Video for New Version of Bad Ass B-BandsHi Everyone! Give me about 10 to 15 minutes after posting this setup video to actually update the script; which will include this setup video in the description of the script.
Thank you for your attention to detail, Josue. He has been a HUGE help with improving Bad Ass B-Bands. This update will show percentage for price in-crease and percentage for price de-crease.
The first number will begin with an UP arrow; indicating price percentage INCREASE if price is going UP.
The second number will begin with a DOWN arrow; indicating price percentage DECREASE if price is going DOWN.
Happy Trading and Stay Awesome!
David
How To Analyze Any Chart From Scratch - Episode 3Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on SILVER, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous two episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NEO WAVE-extracting triangle in S&P500A clear case of terminal pattern (EXTRACTING TRIANGLE) formed in S&P500 INDEX.
Weekly Neo wave price chart is very easy to understand ,and it may look like text book pattern.
Bigger Trends will consume more time and consolidation before Next trend change.
5 waves (ABCDE) completed with a negative bias , a retest of neckline is inevitable before next trend or change in trend
ENGULFING CANDLE | powerful price reversal📚
✅The engulfing model (external bar) is mainly a reversal pattern (although in rare cases it may indicate a continuation of the trend). It looks like two candles, the first of which is small, and the second is large, with a body larger than the entire previous candle, and directed in the opposite direction.
✅From the point of view of crowd movement, such a pattern means that the strength of the current trend is drying up (this is evidenced by the small size of the first engulfing candle). The crowd does not know in which direction to move and, figuratively speaking, is marking time. The appearance of a powerful candle that absorbed the previous one and closed in the opposite direction marks the beginning of a new, strong trend.
⚠️There are several mandatory conditions that the pattern must meet in order for its signal to provide the maximum probability of working out:
1️⃣Before the pattern itself, there must be a downtrend or an uptrend in the market. The movement may be small, but its presence is mandatory;
2️⃣The body of the second candle should be of a different color and orientation (bearish after bullish and bullish after bearish). Shadows may not be absorbed, but then the signal is considered weaker;
3️⃣The body of the second candle should have a contrasting color with respect to the body of the first. The exception is when the body of the first candle is very small (doji or close to it).
❤️ Please, support our work with like & comment! ❤️
Higher and lower timeframesA trader vs the Algorithms
The market is fractal, a term commonly used but not easy to understand
Complex intraday algorithms in the delivery of prices on lower timeframe make it look as though lower timeframe are irrelevant, but they are relevant if you want to get good risk to reward ratios, Learn
*Backtest your charts*
BTCUSD | What if...?Hello, dear TW community. Today I would like to introduce my "ridiculous hypothesis" about BTC. As we all know, "Elliot Waves" have 5 impulsive moves. If we look at 1M chart, we are easily to see that BTC has never been bear market at all, all humble blocks (2014-15, 2018) that it have been through so far I might call them as "corrections".
What if BTC's real bear market comes every 10 years?
Then, 1 BTC's worth is equal to me between $110-$1300 right today.
Good luck in trades, buddy.
Spread triple top and BottomThe normal triple top has no gaps between
the tops. The same philosophy applies in this pattern as in the triple top. In
each case, the stock rises to a certain price level and is repelled two times.
The third attempt at that price is successful by the stock’s moving through
the level shown by a column of X’s exceeding the point of resistance. since
the stock was repelled twice at that same level, there are apparently sell
orders there. The reason is not important. What is important is that there
are sellers at that particular level. The only way to know if demand can
overtake the selling pressure is to see how the stock negotiates the level
again. simply stated, if the stock is repelled again at this level of resistance,
the sellers are still there. You need not know any more. If the stock exceeds
that level, then demand has overcome the supply that previously caused it
to reverse. This is why we always wait for a particular level to be exceeded
before we make a long or short commitment in the stock.
Friends, I conduct training in an individual format and in a limited number of students, since a large number will interfere with my trading!
The training course includes :
The Wyckoff Method
Demark method
VSA
A trading method tailored to your psychotype
Psychology of trading
For details, write in a personal message
I can also introduce you to my own unique indicators , of my own design
Wykoff Zone (You determine the activity and zones of smart money and also gives buy and sell signals )
is a Demark indicator that has no analogues on the platform - since most of the indicator are far from the essence of the Demark technique and are too simplified , which violates the basics of the principle
For investors, I can shift a 2-week lazy investor course where you can learn how to invest correctly and in which stocks + the tic-tac-toe method
supplemented
with your own developments taking into account the imbalance of supply and demand
How To Analyze Any Chart From Scratch - Episode 2Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on XRP, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BABA, a beautiful example of ANTI complete cycle !BABA is a beautiful example of ANTI complete cycle !
Many Elliott wave practitioners are not aware of different types of wave cycles ! They may consider themselves as a genius in a bull market ( As everyone else !! ) but suddenly thing change and they can not understand what is happening in a stock or market !
On the left side of the chart there is a schematic drawing showing an ascending complete cycle . In this well know wave cycle waves go up in 5 leg and go down in 3 legs. Correction will never go below the start of wave cycle in this type ( does it go in some other types? of course goes ) !!.
Many investors and traders were hoping for this cycle ( and may be were not aware of alternatives ) in BABA, opened long position at the possible end of wave 4 at related retracement levels and now have lost huge amount of money !!!
An ascending ANTI complete cycle is shown on the right side of the chart. In this cycle waves go up in 3 legs and go down in 5 legs and correction will never go below the start of the wave cycle. Does BABA play like this wave cycle? So far yes.
Is there any other alternative ? Of course yes ! please note we have many other types of wave cycle and we just showed two of them here !. For example, we have neutral or descending antic cycles ( for example of descending anti cycle see my related idea about BROS stock ).
It is worth to note many Chinese stocks like TIGR and XPEV showed anti cycles and this is not a surprise as BABA is leading Chinese stocks in the market.
Things sound complicated? Yes they are ! but we can extract many useful tips among all these complications :
1. Overconfidence is dangerous ! always set stop loss . Things may change suddenly in a way that we did not predict.
2. Be mindful there are many types of wave cycles . Things are not as simple as they may seem at first look.
3. Do not jump blindly into a long position after apparent up going 1 2 3 form of wave !
4. Retracement more than 50 % in what we consider a wave 4 is a dangerous warning.
We can add many other implications to the list by thinking deeply about different types of wave cycles. Hope this publication to be helpful.
Good luck every one !
btc usdt perp ending diagonal tutorialIn this tutorial I'll try and explain how to trade an ending diagonal. You would want to see a market that moves in converging channels(at times these can be too steep like those of rising/falling wedges). Next confirm 5 waves with respect to the channel. Waves 1, 3, 5 should make a triple top, whereas 2 and 4 are joined with one diagonal. Divergences are imperative as well, upon wave confirmation, the RSI divergence should support your bias, in this case, it's a medium bearish RSI, as the price rises, the oscillator remains holding the same region.
The guidelines for entries and stop losses are simple. Wait for a break of wave 4's extreme and place the initial stop loss slightly above wave 5. At times there is a retest, which pulls back close to where the extreme of the 5th wave, which is ideal for entries and dcaing.
Another approach is entering at wave 5. More often than not, wave 3 of an ending diagonal is shorter than wave 1, and wave 5 is shorter than wave 3, since wave 3 can never be the shortest among 1, 3 and 5.
There are a lot of profit taking strategies out there. For this setup, I take profits as a whole rather than fib levels. A typical ending diagonal results in a correction(abc) that completely retraces it (i.e wave c terminates where wave 1 begins).
Note: for ellioticians, you'll find that with ending diagonals, wave 4 gets into the territory of wave one, which is valid with ending diagonals and usually this is the case where 1>3 and 3>5.
Now this is the setup in summary:
1) entry triggers:
- ending diagonal
- waves 1 - 5
- RSI divergence
- triple top
- breakout/breakdown
2) entry:
(i) at break of wave 4
(ii) at wave 5 (aggressive approach)
If opting for ii, make sure wave 1 is longer than 3 and 5 is shorter than 3
3) stop loss:
slightly above wave 5( can be adjusted once significant gains have been made)
4) take profit:
wave 2, let the price move till it's the same level as wave 2, otherwise use any profit taking strategy of your choice.
5) enjoy the profits !
That's it for this tutorial, take care and thanks for dropping by :)
A Comprehensive Guide to Elliott Wave Degrees (Timeframes)Hello Traders. In this supplemental post to my Elliott Wave guide, I will help you understand wave degrees, and what the numbers actually mean when you are labeling each wave.
Identifying the wave level (degree) that you are trading is going to be identified at any given time and will be based on what's known as a "degree".
One of the biggest problems that new Elliott Wave traders have is grasping the structure or "nesting" of the wave patterns (check the diagram within the chart above).
The patterns identified by Elliott himself, occurs across multiple time frames. This means that a completed "five wave" wave structure on a smaller time frame, for example, the 15 minute chart, may represent just the first wave of a larger wave structure unfolding on a 60-minute chart, and so forth. In a micro-macro sense, each of the unfolding wave patterns is just part of a bigger wave pattern unfolding in the higher timeframes. The sequence from wave 1 through 5 completes one wave of a higher degree (again, refer to the diagram above), that is, a wave belonging to the next higher tier of wave sequences. The movements from wave 1 through 5 completes either a wave 1, 3 or 5 of the higher degree, while the a-b-c sequence completes either a wave 2 or 4 of the higher degree.
When you are getting into lower degrees, each wave of the sequence can be broken down into smaller waves accordingly to the same dynamic (this is not so important as many claim to be). The most commonly used degrees are the Primary, Intermediate, and Minor degrees when labeling your micro-macro wave counts. In the diagram above you can see how Wave 1 of the high degree is made up of a smaller 5-wave impulse waves and Wave 2 is made up of smaller three wave corrective waves. And each of these waves is, in turn, always comprised of smaller wave patterns, and so forth.
