Elliott Basically says: The financial markets are not a random formless mess reacting to current news and events. There is perfect sychronicity in the way the market operates ordered from a much higher level. The markets are a product of human Nature(Mass psychology) and human nature is a product of the bigger "Nature" that governs the universe. Einstein said: "God does not play dice with the universe" ( the financial markets included). The seeming "chaos" that you see is actually perfect order. Be it in the financial markets,in the world and even in our own personal lives. So when you take the time to study it and know what its really about you will find that elliott wave is not just a technical analysis tool, its literally a way to measure mans progress be it individually or collectively as a society.

@bodasinghiharish8981

3 жыл бұрын

Good one !!

@joehuge

3 жыл бұрын

Well said. I would add that in programming you would replace 'Higher Level' with 'Lower Level' 😉

@cboy7879

2 жыл бұрын

I don't know who you are but I can tell you have immense amounts of knowledge

Thanks for not making a 40 min video lol

@MichaelJeffers75

3 жыл бұрын

I second this sentiment! Nothing beats right to the point w/o overdoing it.

Easier to spot the waves when used with fibonacci?

@maxgoeieman4776

3 жыл бұрын

yes you can also predict where the price might retrace to and end

@jafxtradinginstitute6395

2 жыл бұрын

When use the calculated formula. U get the levels at the close of the day .

I love EW. Made a price action video about it. Pretty much I trade a divergence at wave 5 and book a small movement on the reversal. It's a pretty solid trade with a high win rate

@winnifred6768

4 жыл бұрын

omg it's nick shawn

@tommyzerocool07

4 жыл бұрын

@@winnifred6768 Yeah 😅 just saw his video then came here to learn elliot waves 😄

@abdirahman292

4 жыл бұрын

Lol when was the last you traded elliott wave.. You abandoned it and went with break and retest

@abdirahman292

4 жыл бұрын

@@tommyzerocool07 he has a vid3on elliott wave lol

@tommyzerocool07

4 жыл бұрын

@@abdirahman292 Do you perhaps have a link to video?I watched his videos but dont have time at the moment to find it because of my work and also dont include in titles what is the video about 😊

some elliott wave books you could suggest for starters to read?

@fxempire what is the ticker of the asset u used in this video?

No moving averages or indicators, only Elliot wave and price action.

Regardless of how you want to look at it, trading with the guidance and assistance of a reliable expert is an unrivaled advantage in this business..

@dwightwellings

3 жыл бұрын

i'd recommend Lance Ingrid Bernthal Telegram: @LANCEBERNTHAL

@ruiz.delgado

3 жыл бұрын

@@dwightwellings i'm curious, what exactly does he do for you, does he sell signals?

@toddoennis

3 жыл бұрын

Lance Bernthal is an absolute legend. I've worked with him in the past, he's always on time with payouts, and he's very skilled and attentive to details. He was able to rack up $250,000 in my first couple of months investing through him and his team, i 100% recommend👍

@dwightwellings

3 жыл бұрын

@@ruiz.delgado No he doesn't sell signals, he basically handles trading operations on my behalf and charges a 25% commission on all proceeds from trading. All i have to do is provide capital, and he and his team handle the rest so that i earn passively from the market. This afford me the greatest luxury of all, TIME, time with my family, and time with my garden. He seems to have a full grasp as to how the markets work, i'm very satisfied with his performance so far. And his performance speaks for him more than he does, i got wind of his services from my step father who's been investing with Lance for more than 5 years, securing his retirement fund with ease.

@ruiz.delgado

3 жыл бұрын

@@dwightwellings Interesting, I like the idea of earning passively. Can one invest remotely, I live and work in Greece, is it possible for Mr Bernthal to handle my investment too?

Elliot waves are the easiest when i do my setups, i only use the with support and resistance i have done read balancing a back tested it and the tests came positively for more than 20 times

When you said 5 elliotitions in a room will give you 5 different wave counts. It's because at least 4 of them are reading incorrectly, then are not seeing the rule violations, so they will label incorrectly.

sir what time frame u have used in this chart

@toricj4196

4 жыл бұрын

his using H4

What if 4 retraces past 1? The count restarts or use different TF?? Or??

Simple and short! Thanks for the value added to my knowledge.

Most people aren't very good with EW. They ignore the principles of it, sometimes basic, and sometimes more complex. The biggest problem though, as mentioned in this video, is that there are too many possibilities and wave counts, so it's difficult to use in real time, all of the time.

I am wondering the first wave complex is wrong because 2th ret 1th one more than 100%

Why did you draw the end of the c wave below the beginning of wave 1?

@bhp000

2 жыл бұрын

Letters for the down trend

@j0hnt0dd70

2 жыл бұрын

@@bhp000 ok i guess i thought that those were typically used for the correction of the trend direction, assuming that they were being labeled on the same scale.

Mr stephan has made me understand that there's more to trading than just buying and selling.

@charlotteroy1851

5 жыл бұрын

Hello who's mr stephan. I would like to know

@andrewnewman2516

5 жыл бұрын

@@charlotteroy1851 he's an expert trader who trades on my behalf and he's doing a great work

@sandradunn5091

5 жыл бұрын

Most traders loss a lot of money due to lack of experience and knowledge of the trends and other factors.

@davidkhanh6614

4 жыл бұрын

i have heard so much about this stephan briggs please how can contact him??

@masahikokimura5817

4 жыл бұрын

Mr Stephan is now dead. He was killed by the mexican cartel after having sex with Juans wife

The problem is you don’t have horizontal levels drawn, when you have the correct horizontal levels, you’ll be able to ma,e an educated guess as to where price might pullback

Thanks! I'm sure it has something to consider in some trades

Damn, supposedly this is better than Moving Averages? I heard the 50 and 200 EMA was all one needed. I wonder just how much better this is...

For simplified marking try Elliott wave manual marking is faster and more convenient.

EW is so subjective, that's the problem. It only works in theory, rarely works in practice. You'll only know a wave 3 after it happens, what's the point is that? I want to know before it happens so I can benefit🤦‍♂️

Hey everyone please watch this video all the way to the end. His second wave count is correct. The first one coukdnt have been worse. His first one showed the ABC correction taking out the low of his "wave 1" which would invalidate the whole count. If the low of the correction takes out the wave 1 swing low that ceases to be a correction and becomes a what.....? "A reversal"....... yes that's correct. great job gang

@StewartHarding

4 жыл бұрын

You're aware that liquidity and volatility have increased since the 1930s right? 🤔

@russellb2464

4 жыл бұрын

@@StewartHarding gee thanks for that. does that validate his incorrect wave count?

@magicalchemicaldaddy3919

3 жыл бұрын

@@StewartHarding this is one of the dumbest comments ive ever read in relation to another comment. It has no relevance at all.

It is easier to identify EW once it is complete... But how to trade? Don't know

@eugenecortez5374

5 жыл бұрын

You can just it to predict when a trend is about to end..

Your wave count is wrong .And one more thing. Even if u 12345 count if tha t makes a higher degree (1) corrective gone below that 1 . Which u sai d 2 should not go below 1. So plz correct it

@Bolensgoldrush

4 жыл бұрын

That's the whole problem with EW. Wave count is super subjective. That's why you use tools to make the wave count more objective.

Niceee thanks

Though it is a very hard trading discipline... Once you get that 1000 page book mastered. You'll get very high accuracy in your forecast. Even calling tops and bottoms to the pip.

@fernandoalejandre9503

5 жыл бұрын

Jerome Angeles what book?

@vladimirgaraj5292

4 жыл бұрын

Problem is...that you never get an 1000 page book mastered...unthinkable

@russellb2464

4 жыл бұрын

Elliots book entitled Wave theory is roughly 300 pages.

Dude bet u didnt have any idea your wave count was totally wrong there?

Not too fond of this strategy. Finding simplicity in such a volatile market like forex is key. I stick with Fibonacci levels in up trends and down trends along with moving averages indicators and for side to side trends i use support lines and resistance lines that show 3 matching patterns before entry. Thats it. Scan the markets and keep it simple.

@omartron

3 жыл бұрын

hows it working out for you you making much profit? I've just begun trading around my current job, that's what I've been trying to do - use fibonacci retracements along with trend lines and moving averages, still haven't put any money in im just trying to find something that'll work for now, but just wondered how it goes for you?

Have you ever earned with Elliot wave or is it a scam?

@chijiokedaniel8262

4 жыл бұрын

Elliott wave theory is one school of technical analysis that counts waves of price movement to determine the likelihood of future price movement, theorizing that waves unfold in patterns. I think that learning the basics of Elliott wave can help you understand wave movement so it has usefulness.

@michealgraham8109

4 жыл бұрын

The movement of price in all financial markets is now being driven by computer algorithms of the big players and the Elliott wave theory in my opinion is not as relevant as it was in the past. It was probably useful for decades prior to algorithms.

@staciesthespacegirl4151

4 жыл бұрын

Oo okay good, how do I learn it, I think I’m interested

@bakerdow9884

4 жыл бұрын

@@michealgraham8109 You are very right. Are you currently trading, do you have a contact/email?

@bo0stdgst

4 жыл бұрын

Waves do work, you have to follow strict guidelines and know what you are looking into in depth

I need a mentor

feels like he is ignoring the last wave...

😍

Elliot waves needs long explaination not this short times.

so here is the problem, the waves are subjective, you can literally draw these waves anywhere just like these other "patterns", stick to price action, support and resistant and don't your waste time trying to find these waves that no one sees. Everyone will draw their different waves and never at the same area.

Great Content, This strategy indeed seems nice, But i have not yet seen anyone strategy has profitable and reliable has that of Mr Wilson McEntee.

@annabelleloverxoxo4047

4 жыл бұрын

Yes same as me, Mr Wilson was indeed a lifesaver to me. I lost so much trading the forex market myself not until I met Mr Wilson McEntee, I have regained all my previous losses after he started trading on my behalf. I am so so happy I came across him.

@baruchdorfman1231

4 жыл бұрын

Certainly, trading the forex market with a professional guidance will be profitable.

@jamescomm2647

4 жыл бұрын

Seth Georgia You can talk to Mr Wilson through his e-mail at Wilsonmcentee@gmail.com

@charleshudson6703

4 жыл бұрын

Oh my! I have actually been losing so much trading myself. I got about $6k right nw. And I did love to use that as my trade capital. Will Mr McEntee accepts that ?

@jamescomm2647

4 жыл бұрын

Charles Hudson of course he can, on my first trade with him, my trade capital wasn’t even up to $6,000.

your wave count is completely wrong on this one

@iamtraderph

4 жыл бұрын

Yes it is definitely wrong

@chaltomato

4 жыл бұрын

right!!!..you are right!!

😍😍😍😍😍

I'm making a better analysis tool, " Mikey Mike tidal wave"