Riding Elliott’s Waves
Because we like happy endings, your trade idea works out and
nets you a couple thousand pips on this day, which is not always the case.
You have also learned your lesson this time around so you
skip Vegas and decide to use your profits to grow your trading capital instead.
"The best way to destroy an enemy is to make him a
friend."
By Abraham Lincoln.
ABOUT SSL FXGURU
SSL FXGURU is a financial consultant in the Forex
market. SSL FXGURU has a team of professional analysts and traders
working with Dr.Hari. We are seeking to expand our
operations in Malaysia and Singapore with affiliations in the UK, US and India.
We have a proven Forex trading system which enables you to
consistently profit from investing in the forex market with a MONEY BACK
GUARANTEE!
The best part of this SYSTEM is you don’t have to
be an EXPERIENCED TRADER nor a FOREX EXPERT to PROFIT from
the forex market. Just follow the market signals and methodology provided
by SSL FXGURU. Other forex consultants only provide you the training
but do not follow through in ensuring that you actually profit from the forex
market.
SSL FXGURU will actually provide you the signals on
when to buy or sell as well as coach you on how to manage your trading account.
"Courage is the main quality of leadership, in my
opinion, no matter where it is exercised. Usually it implies some
risk-especially in new undertakings."
By Walt Disney.
Riding Elliott’s Waves
Trusting your Elliott Wave skills, you go ahead and sell at
market in hopes of catching a new impulse wave.
You place your stop just a couple of pips above the start of
Wave 4 just incase your wave count is wrong.
"The boisterous sea of liberty is never without a wave."
By Thomas Jefferson.
"Be the change you want to see in the World."
By Mahatma Gandhi.
Riding Elliott’s Waves
This time, let’s use your knowledge on corrective waves
patterns to grab those pips.
You begin counting the waves on a downtrend and you notice that the ABC
corrective waves are moving sideways. Hmm, is this a flat formation in the
works? This means that price may just begin a new impulse wave once Wave C
ends.
"Darkness cannot drive out darkness;
only light can do that. Hate cannot drive out hate; only love can do that."
By Martin Luther King Jr.
Riding Elliott’s Waves
Your Elliott Wave analysis paid off and you caught a huge
upward move! You go to Vegas (or Macau), blow all your profits on roulette, and
end right back where you started. Lucky for you we have another hypothetical
scenario where you can earn imaginary money again…
"If you born poor its not your mistake but if you die
poor its your mistake."
By Bill Gates.
ABOUT SSL FXGURU
SSL FXGURU was established in 2009 and has grown with a
customer base in over 4 countries namely: the UK, India, Malaysia and
Singapore. Our mission is to provide the highest quality Forex services for
traders. We pride ourselves with excellence in Forex education and as a
provider of Forex signals and mobile alerts.
We were established with the objective of empowering people
with the right financial education, specialized knowledge and skills that has
never been taught in schools. We endeavor to deliver training that is
practical, hands-on and applicable immediately to create multiple streams
of income.
"I just happened to start playing music for the
conceptual ideas."
By Kim Gordon
Riding Elliott’s Waves
So, using your superior Elliott Waving trading skillz, you
decide to pop the
Fibonacci
tool to see if price is at a Fib level. Holy mama! Price is just
chillin’ like ice cream fillin’ around the 50% level. Hmm, this could be the
start of Wave 3, which is a very strong buy signal.
Since you’re a smart trader, you also take your stop into consideration.
Cardinal rule number 2 states that Wave 2 can never go
beyond the start of Wave 1 so you set your stop below the former lows.
If price retraces more than 100% of Wave 1, then your wave
count is wrong.
"If you focus on results, you will never change. If you
focus on change, you will get results."
By Jack Dixon.
"I am looking for a lot of men who have an infinite
capacity to not know what can’t be done."
By Henry Ford.
Riding Elliott’s Waves
Let’s say you wanted to begin your wave count. You see that
price seems to have bottomed out and has began a new move upwards. Using your
knowledge of Elliott Wave, you label this move up as Wave 1 and the retracement
as Wave
In order to find a good entry point, you head back to the School of Pipsology
to find out which of the three cardinal rules and guidelines you could apply.
Here’s what you found out:
-Rule Number 2: Wave 2 can NEVER go beyond the start of Wave
1
-Waves 2 and 4 frequently bounce off Fibonacci retracement
levels
"If you don’t drive your business, you will be driven
out of business."
By B.C.Forbes.
Riding Elliott’s Waves
This is probably what you all have been waiting for – drumroll please – using the Elliott Wave Theory in trading! In this section, we will look at some setups and apply our knowledge of Elliott Wave to determine entry, stop loss, and exit points.
"Your life does not get better by
chance, it gets better by change."
By Jim Rohn.
WHY WHAT WE CAN HELP & DO!
WHY WE CAN HELP YOU!
Dear Traders,
Timing is everything. Most traders find it difficult to get
into the market at the right time and find it impossible to be at their
computers 24 hours a day, 5 days a week to monitor the market for
activity. OUR signals can help you become a better trader and alert you to
trading possibilities. Allow us be your eyes to the forex market and alert you
to possible trading opportunities as they occur.
We all know that there are hundreds of forex signals
services out there. By looking at their trading, all are profitable forex
signal providers. How true is that? Let's fantasize about how rich we would be
if we were to use their services.
In reality, for many years, unreliable forex trading signals services have
embellished their performance page to attract innocent traders and shown as
profitable forex signals providers. Consequently, the result of this
misleading performance information is that many people do not trust these
forex signals providers anymore and start self trading that leads them to heavy
losses in a short period.
WHAT WE DO ?
-We will monitor the market 24 hours a day, 7 days a week -
so you don't have to.
-Trading opportunities are sent in real-time to your mobile
phone.
-Notifications include Entry and Take/Profit prices.
-Works with any phone that can receive text messages.
"The purpose of a business is to
create a customer who creates customers."
The 3 cardinal rules guidelines
There are the guidelines that help you in correctly labeling
waves. Unlike the three cardinal rules, these guidelines can be broken. Here
they are:
Conversely, sometimes, Wave 5 does not move beyond the end
of wave 3. This is called truncation.
Wave 5, more often than not, goes beyond or “breaks through”
the trend line drawn off Wave 3 parallel to a trend line connecting the start
of Waves 3 and 5.
Wave 3 tends to be very long, sharp, and extended.
"Either you run the day, or the day
runs you."
By Jim Rohn.
"To be successful, you have to have
your heart in your business. And your business in your heart."
By Thomas Watson.Sr.
The 3 Cardinal Rules
As you may have guessed, the key in using the Elliott Wave Theory in trading is
all about being able to correctly identify waves.
By developing the right eye in recognizing what wave the
market is in, you will be able to find out which side of the market to trade
on, long or short.
There are three cardinal cannot-be-broken rules in labelling
waves.
- Rule Number 1: Wave 3 can NEVER be the shortest impulse wave
- Rule Number 2: Wave 2 can NEVER go beyond the start of Wave 1
- Rule
Number 3: Wave 4 can NEVER cross in the same price area as Wave 1
“People with goals succeed because they know where they are
going. It’s as simple as that.”
By Earl Nightingle.
WAVES WITHIN A
WAVE
To make it easy to label these waves, the Elliott Wave
Theory has assigned a series of categories to the waves in order of the largest
to the smallest. They are:
-Grand Supercycle
-Supercycle
-Cycle
-Primary
-Intermediate
-Minor
-Minute
-Minuette
-Sub-Minuette
A Grand Supercycle is made up of Supercycle waves which
is made up of Cycle waves which is made up Primary waves, which is made up of
Intermediate waves which is made up of Minor waves which is made up of Minute
waves which is made up of Minuette waves which is made up of Sub-Minuette waves.
Did you get all that?
Okay, to make things much clearer, let’s see how an
Elliott Wave looks in real life.
As you can see, waves aren’t shaped perfectly in real
life. You’ll also learn it’s sometimes difficult to label waves. But the more
you stare at charts the better you’ll get.
Besides, we’re not going to let you go at it alone! In
the following sections, we’ll give you some tips on how to correctly and easily
identify waves as well as teach you how to trade using Elliott Waves.
Surf’s up!
WHY WHAT WE CAN HELP & DO!
WHY WE CAN HELP YOU!
Dear Traders,
Timing is everything. Most traders find it
difficult to get into the market at the right time and find it impossible to be
at their computers 24 hours a day, 5 days a week to monitor the market for
activity. OUR signals can help you become a better trader and alert you to
trading possibilities. Allow us be your eyes to the forex market and alert you
to possible trading opportunities as they occur.
We all know that there are hundreds of
forex signals services out there. By looking at their trading, all are
profitable forex signal providers. How true is that? Let's fantasize about how
rich we would be if we were to use their services.
In reality, for many years, unreliable forex trading signals services have
embellished their performance page to attract innocent traders and shown as
profitable forex signals providers. Consequently, the result of this
misleading performance information is that many people do not trust these
forex signals providers anymore and start self trading that leads them to heavy
losses in a short period
WHAT WE DO ?
-We will monitor the market 24 hours a
day, 7 days a week - so you don't have to.
-Trading opportunities are sent in
real-time to your mobile phone.
-Notifications include Entry and
Take/Profit prices.
-Works with any phone that can receive
text messages
#quoteoftheday #forex
Put your heart, mind, and soul into even your smallest acts. This is the
secret of success.
#forex #trading #elliottwavetheory
Waves Within a
Wave
Like we mentioned
earlier, Elliott waves are fractals. Each wave is made of sub-waves. Huh? Let
me show you another picture. Pictures are great, aren’t they? Yee-haw!
Do you see how
Waves 1, 3, and 5 are made up of a smaller 5-wave impulse pattern while Waves 2
and 4 are made up of smaller 3-wave corrective pattern?
Always remember
that each wave is comprised of smaller wave patterns. This pattern repeats
itself…
FOREVER!
#forex #signal #currency #trading
Dear Traders of SSLFXGURU, more new swing
trades for Feb 4th. Kindly DO NOT OVERTRADE! Please ask if not sure. Thank you.
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