Tuesday, October 07, 2008

>Trading elliott waves

Hello friends,
Here in this post I have tried my best resources to simplify
the notorious ELLIOTT WAVE,Which many traders don't even try to learn for one basic reason ,They say its "Complex".Hope this read will help them to grasp the basic trading strategies used with each wave.
WAVE STRUCTURE



TRADING WAVE 1

TRADING WAVE 2

TRADING WAVE 3

TRADING WAVE 4

TRADING WAVE 5


TRADING WAVE A

TRADING WAVE B

TRADING WAVE C

Hope you all find this use full.
Regards
Rish
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25 comments:

  1. AnonymousWednesday, October 08, 2008 11:54:00 PM

    nice description about EW..

    ReplyDelete
  2. John A. ShalveyFriday, December 05, 2008 10:31:00 PM

    Very useful as a reference tool when looking for opportunities. My favorite is to trade off an Ending Diagonal, as the ensueing move is usually sharp and severe.

    ReplyDelete
  3. RishFriday, December 05, 2008 11:22:00 PM

    My favorite would be trading flats.

    ReplyDelete
  4. BOLLINGER BAND TRADINGSaturday, December 20, 2008 7:05:00 AM

    TKS VERRY MUCH. SO NICE

    ReplyDelete
  5. Rahul MSaturday, January 24, 2009 10:42:00 PM

    Hi

    Any referendes to understand Eliott Wave would be helpful.

    Thanks

    ReplyDelete
  6. RishMonday, January 26, 2009 11:41:00 AM

    Hi Cain if you can elaborate your need it would be easy for me to understand what exactly you need.

    ReplyDelete
  7. UnknownWednesday, March 11, 2009 11:43:00 AM

    Thanks A Ton for this simplified explanation of EW. Can you suggest an equally simplified reading material on EW in detail. Would be great if you can also suggest any particular charting software which helps in visual learning. Thanks Again.

    Regards,

    Jatin (jatinhs@gmail.com)

    ReplyDelete
  8. RishWednesday, March 11, 2009 11:57:00 AM

    Hi Jatin,
    I use amibroker and am quite satisfied with it.

    ReplyDelete
  9. John A. ShalveySaturday, March 14, 2009 10:10:00 AM

    I have sophisticated Elliott Wave software that provides the highest probability wave count for any financial instrument. Send an email to me with the symbol that you would like to have analyzed and I'll email a chart back to you. The symbol must have daily data that I can get from Yahoo. This may be limited to US stocks, but I'm not certain. We're in this together!! JAShalvey@gmail.com

    ReplyDelete
  10. Food DelicaciesFriday, June 26, 2009 4:29:00 PM

    Wonderful explanation of the elliot Waves

    Thanx Rish

    ReplyDelete
  11. AnonymousThursday, January 07, 2010 12:40:00 AM

    Hi Mr Rish

    We all know that every Time frame have their own waves... But exactly at what time frame you choose to look at the wave? (on trading term)

    Thanks

    ReplyDelete
  12. RishThursday, January 07, 2010 8:51:00 AM

    Hi Anonymous
    For intraday i use 1 min for index and for stocks 5,15 min positional i use hourly.To get hold of general trend i see weekly daily.

    ReplyDelete
  13. AnonymousThursday, March 25, 2010 12:24:00 PM

    Exellent boss i feel great advise from U thank a lot...

    ReplyDelete
  14. sagar.majithiaSunday, July 04, 2010 1:50:00 PM

    is there an afl for this with u?

    ReplyDelete
  15. SPSThursday, July 08, 2010 9:59:00 PM

    Hi Rish,
    I have been trying to learn this wonderful art of Elliot Wave pattern for some time. Your post has made it very simple for layman readers.
    I have tried to study gold pattern; here is my analysis on which I sincerely seek your help.
    The supercycle of gold is like this :-
    (a) Gold was in Wave-1 till Nov 2004 when it made a high of around 450 ( all values in USD).
    (b)Wave 2 lasted six/seven months and it made a low of about 390.
    (c) Wave 3, the longest of all in terms of value rise ( and not time) took gold to a high of around 1040 in March 2008.
    (d) Wave 4 corrected gold to a low of 680 seen in Oct 2008.
    (d) Wave 5 took it to all time high of 1266 last month , ie Jun 2010.

    If the above is true,( why I say so is because Silver has already made a high in 2008, and never got back to that level again; so looks like its done for gold two years later), then we are about to enter the bearish pahse of gold !! Surely this does not gel with the popular noises about gold getting to 2000 mark and may be more.It is too early o say bearish gold moves as of now.But if you look at monthly charts, most oscillators are showing negative divergence between the highs of 2008 and 2010. Gold has been going higher these two and a half years, but the indicators on monthly charts showing lower levels.

    So if my prophecy about gold going bearish turns out true, I would probably be the first one to sound that!!.

    Rish, may I have your comments please.

    ReplyDelete
  16. RishThursday, July 08, 2010 11:40:00 PM

    Hi SP ,find my mail id from my profile and send labeled chart

    ReplyDelete
  17. AnonymousSaturday, February 05, 2011 7:55:00 AM

    Rish,
    John A Shalvey lost All MY MONEY FOLLOWING THIS STRATEGY

    ReplyDelete
  18. CSS InvestmentSaturday, July 16, 2011 11:17:00 AM

    Hi,

    Your wave is completely nice and useful for all.......thanks for sharing.......

    ReplyDelete
  19. dayakarSunday, January 15, 2012 2:35:00 AM

    sir,
    HOW TO CALCULATE MIDPOINT TARGET.
    KINDLY HELP

    ReplyDelete
  20. UnknownSaturday, August 24, 2013 5:05:00 PM

    Superb, Great design and great advice by you
    thanks

    ReplyDelete
  21. Tipss_Bse_NseFriday, January 10, 2014 11:13:00 PM

    Good ri

    ReplyDelete
  22. Manish ShahSaturday, January 11, 2014 12:06:00 AM

    simply an awesome...I shall take time to understand, definitely study and try to follow. This is something I was looking for quite long time.

    ReplyDelete
  23. UnknownSunday, January 12, 2014 4:48:00 PM

    Nice one ...but would appreciate if u can explain with some examples...tnx

    ReplyDelete
  24. wakeupindia-desinerSaturday, May 17, 2014 4:11:00 PM

    Excellent can we apply on nifty chart to know we are in which wave

    ReplyDelete
  25. Darek69Tuesday, January 18, 2022 8:51:00 PM

    pleas som one have Afl for Amibroker pleas informed me dariuszkopec5@gmail.com

    ReplyDelete

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