February 2, 2017
Trading is not about being right or wrong, but it’s about seeing the market in probabilities. Trading is the act of putting one’s hard earned money in the market (at risk of losing it, without fear) under circumstances where one has an edge, a higher change or probability of price action going in one’s favour, while following strict risk & money management rules. Trading is not a quick get-rich scheme. Rather, it is about mastering the technique to preserve one’s capital. When one learns how to manage the risk and preserve capital, profit will come naturally, when when one focuses […]
February 2, 2017
Elliott Wave Theory is a form of technical analysis to analyze financial market cycles and forecast trends. It is named after Ralph Nelson Elliott (1871 – 1948). Inspired by the Dow Theory and by observations found throughout nature. Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. Elliott noted from his observation that movement in the direction of the trend is always in five waves, labelled as 1, 2, 3, 4, and 5. This is usually called motive wave. Movement against the trend is always in three waves […]
September 29, 2016
Determining when and where a range has occurred is one of the easiest price patterns to observe: choppy, sideways, and goes nowhere. Once a range bound market has been determined, via Elliottwave analysis or simply observing sideways price action, you can use the tools and methods highlighted in this video blog post to help determine potential breakout targets! The equal legs (100% extension) price measurement tool has many uses, and in this case, it can define a very logical and technical price target for a potential market move (once the market has committed to one direction or the other). CL […]