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

24 comments:

Anonymous said...

nice description about EW..

John A. Shalvey said...

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.

Rish said...

My favorite would be trading flats.

MY TRADING SYSTERM said...

TKS VERRY MUCH. SO NICE

Cairn said...

Hi

Any referendes to understand Eliott Wave would be helpful.

Thanks

Rish said...

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

Jatin said...

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)

Rish said...

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

John A. Shalvey said...

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

S H Jain said...

Wonderful explanation of the elliot Waves

Thanx Rish

Anonymous said...

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

Rish said...

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.

Anonymous said...

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

sagar.majithia said...

is there an afl for this with u?

S P said...

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.

Rish said...

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

Anonymous said...

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

CSS Investment said...

Hi,

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

dayakar said...

sir,
HOW TO CALCULATE MIDPOINT TARGET.
KINDLY HELP

Niraj Patel said...

Superb, Great design and great advice by you
thanks

Tipss_Bse_Nse said...

Good ri

Manish Shah said...

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.

karthik kumar said...

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

Sulaiman Bhimani said...

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

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