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Wave Analysis

MARKET STRUCTURE AND PATTERNS TRADING GUIDELINES. 1. Identify trend direction from monthly, weekly, or daily 2. Scale down to lower timeframes for proper entries 3. Look for such patterns 4. Don't expect the market to play out as above, your lines are your limits, not the limits of the market. 5. The diagram is a road map, the market will deviate after getting enough liquidity but it will follow the trend afterward. 6. Be fluid enough to adjust to the current market conditions. Don't fight it. 7. Have defined risk management and enjoy trading 😉
Education
by INFINITY_WAVES
4
ELON MUSK QUOTES. For powerful thinking👨‍🎓 1️⃣"When it is important enough, you do it even if the odds are not in your favor." 2️⃣"No, I don't ever give up. I'd have to be dead or completely incapacitated." 3️⃣"Persistance is very important. You should not give up unless you're forced to give up." 4️⃣"I think it is possible for ordinary people to choose to be extraordinary." 5️⃣"Don't confuse schooling with education, I didn't go to Harvard, but people who work for me did." 6️⃣"Constantly think about how you could be doing better and keep questioning yourself." ❤️ Please, support our work with like & comment! ❤️
Education
by UnitedSignals
12
The ART of profit booking I am posting a chart for educational purpose using S&p 500 index with heikinAshi candle and elliott waves trading is an art of buying at low and selling at high, looks easy to do? if so why more people loosing and big players minting money? trading is a money making process when the crowd has extreme interest in one direction(buy /sell). when everyone in the street is buying, it is the RIGHT time to sell. The ART of profit booking without harming buyers(they don't know what's happening) is described in the chart. Because if they knew in advance then to whom the seller has to sell? Actually speaking the BULLS AT THE BEGINING OF THE TREND NOW BECOME BEARS! SELVAM BE, MBA option trader
SP:SPXEducation
by selvamB
1
Why gold is the king during all kinds of crisis? You might have heard a lot of things about the benefits of investing in gold these days. Gold has been called the best and the king of investment, or it is no longer worth investing in because it will not grow anymore. Gold will remain king forever in investing, let me explain why. The price of gold will increase in the coming days but will not decrease in the same way as the world is moving towards the day. The Corona Pandemic and the Russia-Ukraine issue, in particular, have shown it with our fingers in the eye. There are a thousand reasons why investing in gold can be explained. Why investing in gold is safe and profitable. I will try to explain some of the significant reasons that can easily inspire you to invest in gold. Some put their money into stocks, bonds, and real estate, but what does it give them? Gold has gone through many ups and downs and still has a long way to go. There’s no limit to how much you can own with stocks and bonds. With gold, there’s only so much that can be mined or dug up from the earth, which means you won’t be seeing any inflation on your value as time goes on. Inflation with stocks and bonds creates losses in value over time if your investments don’t keep up with price fluctuations. Gold has always been called the best investment during a crisis. Gold has been called the best investment globally, but you have to do your research before you put your money in an unknown commodity like gold. Researching gold will give you an idea of its value over time. You can also check other websites to find out what others think about gold and how it stacks up against other investments. There are lots of benefits to investing in gold. There are several different types of investments, such as stocks, cryptocurrency, and bonds, that have many risks involved because they go up and down with market fluctuations. With gold, there’s no chance for significant fluctuations. Rather than that, gold is more stable and less volatile and follows proper rules. It’s always worth the same amount, which makes this type of investment safer than others. During Corona Pandemic in the last two years, we have come to realize this very well. Although stocks, bonds, and cryptocurrencies have risen in value since the beginning of the Corona, over time, everything except gold has seen a bubble up. No asset other than gold has been able to sustain them. If you look, Nasdaq has dropped about 15% since November last year. The shares of Apple, Microsoft, Google, Tesla, PayPal, Facebook, Amazon, and almost all the big companies have dropped hugely. Cathie Wood’s ARKK fund illustrates the beating that mid-to-large cap tech has taken. It’s down 58% since last February and 47% since November. You will be more frustrated when you look at cryptocurrencies. Most cryptocurrencies have lost much of their value. But gold has surpassed everything and has only risen to the top, giving investors a stable profit. Gold is a hedge against inflation. Gold is a hedge against inflation because you would still own an amount that could be sold today even if it were to lose value. Gold is a hedge against inflation because you would still own an amount that could sell today even if it were to lose value. Inflation has started rising a few days after the Pandemic. Since the Pandemic has caused a lot of business losses, inflation has naturally increased, and economic growth has slowed down. As inflation rises, central banks naturally try to control inflation by raising interest rates. Typically, if the bank rate increases, the gold price drops. But if the economic uncertainty increases, then the gold price does not drop that way but the reverse increases. We have seen that gold has been a hedge against inflation in the last few months. Although almost all the assets have lost their colossal value, gold is still rising due to inflation. I think during inflationary pressure investment in gold is a good choice. Gold will be valuable for a long time. The value of gold has been on the rise over the years, and so will the return on your investment. Gold is a hedge against inflation because you would still own an amount that could be sold today even if it were to lose value. Inflation has started rising a few days after the Pandemic. Since the Pandemic has caused a lot of business losses, inflation has naturally increased, and economic growth has slowed down. As inflation rises, central banks naturally try to control inflation by raising interest rates. Usually, if the bank rate increases, the gold price drops. But if the economic uncertainty increases, then the gold price does not drop that way but the reverse increases. We have seen that gold has been a hedge against inflation in the last few months. Although almost all the assets have lost their vast value, gold is still rising due to inflation. Gold is a haven in times of crisis, such as war, economic instability, or natural disaster. It’s also an excellent investment to make when you require extra cash or need to protect your wealth from inflation while the market crashes or fluctuates wildly. If you want to get long-term profit, investment in gold could be a good choice. Gold is Formidable Gold is formidable because it has a long way to go before reaching its final value. Gold is still new and doesn’t have the same recognition as other investments. So, you could consider gold an investment option for now until it becomes more widely known and eventually becomes even more valuable. If your investments don’t keep up with price fluctuations, you are losing value over time. But with gold, since there’s only so much that can be mined or dug up from the earth, your value will gradually increase over time without any risk of loss in value. As mentioned before, gold is currently an unknown investment and might not be recognized or valued by many investors yet. With this in mind, if you’re looking for an option that doesn’t require too much work and isn’t too risky, then gold is an excellent option to think about investing in today. You can’t deny investment in gold is more formidable than investing in another asset in the current time. The Amount Of Gold Is Limited You can’t make gold in the laboratory or the factory even if you want to. So gold stocks are always limited. Many of us say that bitcoin cannot be made arbitrarily, so the price of bitcoin will exceed one million dollars. Cryptocurrency has not been created for many years. So it cannot be said yet; this is the last word. And Bitcoin is not the only cryptocurrency on the market. For the sake of argument, bitcoins can no longer be made after a certain amount, but there are now over 6,000 cryptocurrencies on the market, all of which are being used as alternatives to one another. But since the days of gold, gold has been used as a medium of exchange. What is the alternative? No answer. You might say that there are money notes as an alternative to gold. Wait! Money notes have no instinctual value like gold. It’s just a piece of paper. Its value is also different in different countries. Maybe the money of one country cannot go to another country. But gold runs all over the world, and it has instant value. Gold is a safe haven asset. Gold is a safe haven asset. While the price of everything goes down during any crisis, the price of gold goes up in reverse due to its peak demand as a safe haven. Gold prices have risen almost all the time since the 1970s, according to the Economic and Political Crisis. You don’t have to look too far. Just look at the 2008 economic crisis. See the chart above. The economic crisis began in late 2008. When the economic crisis started, the price of gold was 670 / ounce. It took almost three years to overcome this economic crisis. And in these three years, the price of gold has risen by about 1230 USD, which is 12300 pips in pips. Let me make it a little easier for you when Corona Pandemic started in early 2020, the price of gold rose by about 614 dollars per ounce in 6 months, 6114 pips per pips. See the chart above. Overall, gold is the only asset that is truly a safe haven asset. Now you can say the price of bitcoin went up more, then? Wait! Bitcoins are not as stable as gold. Too risky, too volatile. Just as bitcoin has risen, so has it. You should never invest in such a risky and high volatile asset as an investor. And yet you see gold is about to rise later. With stocks and bonds, there is always that chance for financial ruin. You could wake up one morning to find out that the company you’ve put all of your faith in decided to cut their production or even just close their doors. But gold will never fail you because those factors do not affect you. This makes it easy to compare prices with other investments, like stocks and bonds, because they keep changing over time, so it can be hard to figure out what they’re worth at any given point in time. Gold is easy to cash. If you cash in your gold, you can get your money back, even if it’s just a few years later. Another good aspect of gold is that what can readily cash gold. You need cash now, and you can sell it instantly if you want. The money of one country may not go to another country, but if you have gold, you can quickly cash it. If you have gold, you can quickly get a bank loan against those goals and very fast. Gold can also be invested in many aye, such as physical gold coins, bars, or gold bullions. These are very easy to cache. Gold Stocks, ETFs, Gold Options, Gold Bonds, Sovereign Bonds, Gold Funds are some of the more options you can easily invest and cash in, which is often not possible with other assets. Cryptocurrency transactions are not allowed in many countries of the world. But there is no country where gold transactions are prohibited. It is easier to cash in on gold than on any other asset, and the options for investing in gold are more than any other asset. What happens when the stock market crashes? The value of your stocks and bonds will drop and leave you with debt or even bankruptcy, but with gold, you can still have peace of mind that you are financially stable. Central banks reserve gold Almost all the countries in the world have more or less gold reserves. The United States itself has more dollars in reserves than other countries. That is America but the number 1 country in the gold reserve. America also knows very well that this paper money will not be of any use in case of danger. Commodity and gold are the hope then. The United States has imposed economic sanctions on many countries in its interest. Those countries support their economies with this gold. And they deal with the outside world either with gold or their home currency. And the more gold reserves a country has, the more foreigners come to that country. External investors do not feel the risk. Because outside companies think they can easily take the profit after investing. And day by day, America is imposing an economic blockade on different countries. That day is not far away. Different countries will reduce their dollar reserves and not use gold or home currency. However, it is safe to say that gold will soon gain the confidence of many countries as a reserve currency and will use gold as a medium of exchange, excluding the dollar. Conclusion Gold is a safe haven for the world’s currencies. It’s not just a valuable investment, it’s a hedge against inflation, and it’s an excellent way to save for retirement. Given that the amount of gold is limited, it’s not going anywhere anytime soon. And if you’re looking for an investment that is easy to sell when the time comes, gold is your answer.
TVC:GOLDEducation
by Gold_Trading_Expert
Trading the cup and handle breakout ($ATOM) -18.02.22Ideal trading setup 1. round bottom with a small retracement What you would want to see on a classic cup and handle(cnh) is a nice round bottom with followed by a slight retracement. 2. Volume breakout After the formation of the cnh, the market will try to make a run, temporarily breaking the horizontal resistance. 3. Consolidation Even though the price drops at some point in this area, we see it bounce back up before breaking out of the consolidation zone. 4. Volume expansion on break out There is a significant increase in volume upon breakout, another good sign. 5. Breaking out of the consolidation This time around, we see the market trying to make another run up, and is eventually pulled back. 6.Volume expansion intact Although the market is dropping, we see the volume is still increasing. It is in form of a bearish candle, however since the movement happens inside a bullish channel, we can conclude that the increase is therefore bullish. 7. Bullish channel The price drops creates a bullish channels a bullish channel. I can see 4 waves in already (a-d). 8. The breakout Expecting to break out of the channel and eventually above of the consolidation ceiling thereby flipping resistance into support. If a resistance is tested several times, it weakens and the price will break through. 9. EMA squeeze and support We're looking for a crossover in EMAs (13, 21 55) withe the 55 acting as an overall support and the 21EMA running under the 13EMA. 10. Riding the wave. There are various ways of taking profits and everyone has their own preferences. Given one doesn't know when to take profits, the ideal exit will be when the price touches the 55EMA again, chances are by that time the EMAs might be flipping from being support and would now act as the resistance. Tip : You can add other tools like the MACD and the likes for better clarity. Note : This is a common alt coin breakout pattern, so it goes without saying that most coins at the moment are developing into this formation, only chose ATOM cause it was in my watchlist. Credits: @EmperorBTC Happy trading, due diligence is advised!
Education
by initmx
3
Human vs Machine, Elliott WaveThe goal of this article is to help the platform developers improve he final product..! Chart pattern beta is a new feature on the indicator menu. First let’s define what Beta version means: Beta version is an early version of a program or application that contains most of the major features, but is not yet complete. This is a very important key that needs users attention..! In the above example you see two different setting for this indicator, Absolute vs Percent. There are 3 cardinal rules that needs to be considered in Elliott wave analysis: 1: Wave 3 can NEVER be the shortest impulse wave. 2: Wave 2 can NEVER go beyond the start of Wave 1. 3: Wave 4 can NEVER cross in the same price area as Wave 1. As you can see in percent mode the first and the most important rule is not met..! Wave 3< 0.618 * wave 1 Wave 3< wave 5 So This automated feature doesn’t count correctly and breaches the cardinal rule number 1. Moreover In the absolute mode you can see wave one is bigger than wave 3 and wave 5 , interesting, wave one is equal to wave 3+ wave 5, which can not be correct. Usually, wave 3 or wave 5 is the longest or the most strong wave not the wave 1. I strongly believe these problems and basic rules need to be corrected in the future versions. Best, Moshkelgosha
NASDAQ:NDXEducation
by Moshkelgosha
2
GoldViewFX - 30M CHART SCALPING STRATEGY IN ACTION LIVE $$Hey All, This is a follow up post from the 20 pip scalping strategy we posted (SEE RELATED POST BELOW). This chart shows you live examples of the entries and exits today. Remember when scalping with this strategy SL to be set for exit when EMA5 reverses and crosses back the opposite way. Tight stops and a numbers game, so please back test aswell. I have back tested this and the wins over SLs always been profitable over my trading periods. When we refer to floating candle, we mean floating away from MA21. It can still touch EMA5. Please don't forget to like, comment and follow to support our work, so we can bring you more quality content. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
13
$SLP - Symmetriacal triangle tradingA Simple plan for a self defeating symmetrical triangle. If your are not sure as to which side its going to break to, you can create a dual trading plan. For instance if c is penetrated then a short will be triggered, conversely a long position will be opened when d hits. This is one ewt you can never loose in 1) its easy to identify and 2) it gives you the opportunity to go in either direction Scenario 1: wave marked pink This implies that we have a bearish setup and hence expect a breakdown. Since we know that E can't go above D, a long position is placed slightly above D Scenario 2: wave in brackets Conversely, E can't go below (D) and an ideal position for a short would be just below (D) This setup prepares you for anything the market direction
Education
by initmx
My model Of Risk ManagementHello Traders! First of all, I must tell you that trading is 90% psychology 9% is Method and 1% is your deals/trades that you put. Discipline is the most important part of psychology and there are some factors that keep your discipline alive and one of them is Risk Management. The trading method has more importance than RIsk Management and if you are trading from methods that are available on the internet then I will say RIP because the knowledge available on the internet is complete trash because it needs lots of modification before applying on a live account. Learn yourself and work hard, Create your own method with a personal trading style and if you need any help then I am here to help you. Why do we need Risk Management? Risk management helps you to deal with uncertainty. If we look at the fact that 90% of the traders lose money then there is no difference between you and 90% of the traders if you completely ignore risk management. If you have not planned your Risk management yet then here is my model of Risk management. In my model, I only take 2% of the risk per trade and we will only trade if the trade will provide 1:3 or more Risk: Reward. Good risk-reward is the only key that will keep growing your account. My average Risk:Reward ratio is 1:4 and my win rate is close to 60%. Here is an amazing calculation. Suppose your trading balance is 1000$ so you will trade with 10% of the account which is 100$ and trade with 10x leverage and your stop loss must not be more than 2% means if you lose you will lose only 20$ which is 2% of the trading balance and according to my method our target will give you 1:4 means you will gain 80$ at the target. If my accuracy is 60% then if we trade 10 trades in a week means We lost 4 trades and with every trade we lost -20$. So -20$X4 = -80$ We won 6 trades and with every trade, we made 80$ profit. So 80$X6 = 480$ In the end, we will make 480$-80$ = 400$ easily. That's the power of Risk management also it's a power of a Good trading Method. Here is another Example If a method provides 1:3 R:R with 50% accuracy then here is another interesting calculation If we trade 30 trades in a month means we will lose 15 and will win 15. Same as above we will trade with 10% of the account which is 100$ and trade with 10x leverage and stop loss is not more than 2% and the target is 6%. (This is an average calculation of your all trades.) We will lose -20$ per trade and with 15 losses we will lose 20$X15 = 300$ We will gain 60$ per trade and with 15 wins we will gain 60$x15 = 900$ So in the End we will gain 900$-300$ = 600$ Even with a bad win rate, you will definitely keep growing your account. It doesn't matter if you lose 3-4 consecutive trades. You will definitely make money and will end up in profit. Also, remember I told you Method is more important than risk management and if you don't have a good method then work on it or follow my trades until you create yours. Don't forget to hit the like button and follow to stay connected.
Education
by Aadil1000x
4
BUILDING YOUR ANALYSIS WITH CONFLUENCESWhen we consider wave principles along with the basic fundamentals of the market, this will take your trading game to a whole new level. In the analysis of Gold we have a number of thing happening. 1.) Price is sitting below a market resistance zone this is an indicator for price to fall. 2.) Price is getting higher but the volume is not reflecting this momentum. (The sentiment of the market is indicating that the number of buyers are not reflecting with the market price.) 3. Elliott Wave principles indicates that after a 5 wave impulse the market must correct in a 3wave sequence. A common terminus point for wave 2 in a 5 wave sequence is the 78.6% zone. We are seeing 3 clear indication that we should be expecting a decline within the market. The more confluences you can add to your analysis the higher your probability of having a profitable trade.
FX_IDC:XAUUSDEducation
by wavefxacademy
4
Chart patterns vs price actionChart patterns are strong if well applied, take a double bottom on the chart, it could have basically occurred any where, for instance around the support zone and in the middle of the range or a trend. Same goes for the other chart patterns as the descending triangle and the head shoulders. Price action is how price reacts at a certain level, especially on the key levels (support and resistance) the most fundamental thing you will ever learn in the trading game are this levels, never take them for granted. This are the levels at which you want to spot this patterns, not just in the middle of no where, why do you think the reason they say, trading is 90% waiting and 10% selling and buying? Waiting for price to act as expected is as much important as knowing all those chart patterns or candle stick patterns. Chart patterns are more powerful at the key levels this are the levels of interest. Make no mistake, you know better.
Education
by raymond09shao
Setup Video for Phoenix Ascending and New Bad Ass B BandsThank you, Josue for the update to Bad Ass B-Bands. The main purpose for the update to Bad Ass B-Bands is to let us know the percentage spread between the White Upper and White Lower B-Bands for the purpose of assisting with measuring risk to reward when using the Short Term Group for High Time Frame Scalping. My general rule is the reward not worth the risk if less than 4 percent between the white upper and white lower B-Bands for High Time Frame Scalping. In case you're wondering, Low Time Frame Scalping uses primarily the Immediate Group of time Frames. Stay Awesome! David
BITSTAMP:BTCUSDEducation
by WyckoffMode
19
Two Types of Elliot Wave CorrectionsWhen it comes to Elliot Wave Theory, we know of two different correction patterns . On the left you can see the classic correction, which is less common in real market situations. On the other hand, the flat correction (right) occurs more frequently in the market, since modern price action is often characterized by fakeouts . In this case, a fakeout looks like a wave B making a new high above wave A. In most cases, traders would open a trade here due to a structural break, which then runs against them (bull or bear trap). In the following table you can see how the respective correction patterns differ from each other and what you need to pay attention to. It is very important that you learn how to use Fibonacci tools correctly so that you can calculate the wavelength properly. Maybe I'll do a separate educational post on the proper use of those tools in future. Thank you very much for your attention, Your RT
COINBASE:BTCUSDEducation
by RT_Trading_
9
Motive waves (key characteristics) Hi everyone, There are four different variations of a 5 wave move: 1- Impulse wave, 2- Impulse with Extension 3- Impulse with Truncation 4- Diagonal. Five wave structures : 1- Impulse: 1-1 Extensions : Appears in either wave 1, 3 or 5. 1-2 Truncations : wave 5 does not exceed the end of wave 3. often occurs after a strong third wave. 2- Diagonal triangles: Leading Diagonal, Ending Diagonal Wave 4 almost always moves into the price territory of wave 1. Normally has wedge shape
FTX:BTCUSDEducation
by BTC-XLM
4