Archives for Elliott Wave Blog

Emotional Mindfulness In Trading

Emotional Mindfulness In Trading

by | 18/10/2020 | 4 Comments

  Chances are, you may or may not have heard the term “Mindfulness” in relation to trading. According to Wikipedia, “Mindfulness” is the practice of purposely bringing one’s attention to experiences occurring in the present moment without judgment. But what exactly is Emotional Mindfulness in trading? And how can we effectively use this technique to benefit our trading endeavors?       EMOTIONAL SELF DESTRUCTION IN TRADING   First and foremost, we need to understand and address the inherent emotional issues faced by all traders during trading. Personally, I like to call these the “FRIGHT” concept, namely : Fear Revenge Impatient
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Top 3 Reasons Why Traders Fail Even Before They Begin Trading

Top 3 Reasons Why Traders Fail Even Before They Begin Trading

by | 19/07/2020 | 7 Comments

          The Alarming Statistics Behind Why Traders Fail     Without the shadow of a doubt, the scariest statistics you will ever hear about the horrors of trading is probably the one that states that 90% of all retail traders fail.       Another statistical fact you might have come across is that almost 80% of all day traders quit within the first two years of trading.       Unfortunately, this is the sad truth about trading.       The good news is, the failure rates are gradually coming down in recent years
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How To Reduce “Ambiguity” From Your Elliott Wave Count

How To Reduce “Ambiguity” From Your Elliott Wave Count

by | 07/06/2020 | 4 Comments

Problem Of Contrasting Elliott Wave Count "Ambiguity" is nothing new in the realm of Elliott Wave Analysis.   If you give any 2 Elliott Wave traders the same set of charts.   Chances are, you will get 2 different opinions of the underlying price action.   Possibly, each with a valid Elliott Wave Count.   And both fulfilling the same set of rules & guidelines set down by R.N Elliott himself.   Research Based Remedy In order to reduce the level of subjectivity in any Elliott Wave analysis we undertake.   A massive dose of "Due Diligence" is often required
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How To Effectively Interpret Market Structure Using Elliott Wave Analysis?

How To Effectively Interpret Market Structure Using Elliott Wave Analysis?

by | 29/02/2020 | No Comments

In Elliott Wave analysis, guess what is the first thing most traders look out for whenever they open a new chart?   If your answer is "Market Structure", you are spot on.   When it comes to any form of chart analysis, the most important element is ultimately Market Structure, period.   The ability to recognize, understand and interpret market structure is the pinnacle of all forms of price action trading methodologies.   This is especially true for Elliott Wave Analysis.   What Exactly Is Market Structure? From a technical analysis perspective, market structure is a combination of many aspects of charting.
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Failure To Adopt A Top Down Approach To The Elliott Wave Principle

Failure To Adopt A Top Down Approach To The Elliott Wave Principle

by | 29/02/2020 | 1 Comment

  Your Starting Point Matters One of the most common mistakes I observed and made as an Elliott Wave Technician is the failure to adopt a systematic and “Top-Down” approach to using the Elliott Wave Principle. According to the Chaos Theory, the apparent randomness of complex and chaotic market conditions often depend on their initial conditions. Thus, we should always strive to start any form of technical analysis right from the top with all the available data if possible. Limited Broker Data Unfortunately, the data available from the broker’s platform is sometimes quite “Limited” for certain financial instruments. And quite
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