In-Depth Elliot Wave Analysis

Thursday, 14 July 2016

Nifty Elliot Wave Analysis

nifty elliot wave analysis

totally Enjoyable
If you can Trade in 2 x lots(only) You are ready to Rock!!!

Friday, 24 June 2016

Nifty Elliot Wave Analysis

So this was the plan we traded i also posted the chart on 23/06/2016 but without lvl's

there are MANY more exciting Pattern Structure getting ready BY the Way what is the Plan for trading GOLD a BIG MOVE IS COMING which direction up/down
Already updated to our client/professional traders 

Thursday, 23 June 2016

Nifty Elliot Wave

Brexit Or Bremain

The Main Question is What is your strategy going into the event..?

Already updated our Clients Nifty levels & strategy 

Lets see what Happens!!!

Friday, 10 June 2016

Things To Consider Before Enrolling with Technical Analyst

The principles of technical analysis are derived from hundreds of years of financial market data. Some aspects of technical analysis began to appear in Joseph de la Vega's accounts of the Dutch markets in the 17th century. In Asia, technical analysis is said to be a method developed by Homma Munehisa during early 18th century which evolved into the use of candlestick techniques, and is today a technical analysis charting tool. In the 1920s and 1930s Richard W. Schabacker published several books which continued the work of Charles Dow and William Peter Hamilton in their books Stock Market Theory and Practice and Technical Market Analysis. In 1948 Robert D. Edwards and John Magee published Technical Analysis of Stock Trends which is widely considered to be one of the seminal works of the discipline. It is exclusively concerned with trend analysis and chart patterns and remains in use to the present. Early technical analysis was almost exclusively the analysis of charts, because the processing power of computers was not available for the modern degree of statistical analysis. Charles Dow reportedly originated a form of point and figure chart analysis.
Dow theory is based on the collected writings of Dow Jones co-founder and editor Charles Dow, and inspired the use and development of modern technical analysis at the end of the 19th century. Other pioneers of analysis techniques include Ralph Nelson Elliott, William Delbert Gann and Richard Wyckoff who developed their respective techniques in the early 20th century. More technical tools and theories have been developed and enhanced in recent decades, with an increasing emphasis on computer-assisted techniques using specially designed computer software.

Technicians using charts search for archetypal price chart patterns, such as the well-known head and shoulders or double top/bottom reversal patterns, study technical indicators, moving averages, and look for forms such as lines of support, resistance, channels, and more obscure formations such as flags, pennants, balance days and cup and handle patterns.
There are many techniques in technical analysis. Adherents of different techniques (for example, candlestick charting, Dow theory, and Elliott wave theory) may ignore the other approaches, yet many traders combine elements from more than one technique. Some technical analysts use subjective judgment to decide which pattern(s) a particular instrument reflects at a given time and what the interpretation of that pattern should be. Others employ a strictly mechanical or systematic approach to pattern identification and interpretation.

A fundamental principle of technical analysis is that a market's price reflects all relevant information, so their analysis looks at the history of a security's trading pattern rather than external drivers such as economic, fundamental and news events. Therefore, price action tends to repeat itself due to investors collectively tending toward patterned behavior – hence technical analysis focuses on identifiable trends and conditions

Concepts Should be well Versed 

Average true range – averaged daily trading range, adjusted for price gaps.
Breakout – the concept whereby prices forcefully penetrate an area of prior support or resistance, usually, but not always, accompanied by an increase in volume.
Chart pattern – distinctive pattern created by the movement of security prices on a chart
Cycles – time targets for potential change in price action (price only moves up, down, or sideways)
Dead cat bounce – the phenomenon whereby a spectacular decline in the price of a stock is immediately followed by a moderate and temporary rise before resuming its downward movement
Elliott wave principle and the golden ratio to calculate successive price movements and retracements
Fibonacci ratios – used as a guide to determine support and resistance
Momentum – the rate of price change
Point and figure analysis – A priced-based analytical approach employing numerical filters which may incorporate time references, though ignores time entirely in its construction
Resistance – a price level that may prompt a net increase of selling activity
Support – a price level that may prompt a net increase of buying activity
Trending – the phenomenon by which price movement tends to persist in one direction for an extended period of time

Types of charts KNOWN

Candlestick chart – Of Japanese origin and similar to OHLC, candlesticks widen and fill the interval between the open and close prices to emphasize the open/close relationship. In the West, often black or red candle bodies represent a close lower than the open, while white, green or blue candles represent a close higher than the open price.

Line chart – Connects the closing price values with line segments.

Open-high-low-close chart – OHLC charts, also known as bar charts, plot the span between the high and low prices of a trading period as a vertical line segment at the trading time, and the open and close prices with horizontal tick marks on the range line, usually a tick to the left for the open price and a tick to the right for the closing price.

Point and figure chart – a chart type employing numerical filters with only passing references to time, and which ignores time entirely in its construction.

Overlays are generally superimposed over the main price chart

Bollinger bands – a range of price volatility
Channel – a pair of parallel trend lines
Ichimoku kinko hyo – a moving average-based system that factors in time and the average point between a candle's high and low
Moving average – an average over a window of time before and after a given time point that is repeated at each time point in the given chart. A moving average can be thought of as a kind of dynamic trend-line.
Parabolic SAR – Wilder's trailing stop based on prices tending to stay within a parabolic curve during a strong trend
Pivot point – derived by calculating the numerical average of a particular currency's or stock's high, low and closing prices
Resistance – a price level that may act as a ceiling above price
Support – a price level that may act as a floor below price
Trend line – a sloping line described by at least two peaks or two troughs
Zig Zag – This chart overlay that shows filtered price movements that are greater than a given percentage.

How to Trade The Markets

Want to trade but don’t know where to start? Millions of people try their hand at the market casino each year, but most walk away a little poorer and a lot wiser, never reaching their full potential. The majority of those who fail have one thing in common: they fail to master the basic skills needed to tilt the odds in their favor. Take adequate time to learn these and you will be well on your way to booking short-term profits.
A better path is to learn how to trade the markets with skill and authority, starting with these five basic concepts

1. Know Yourself
Start with a self-examination that takes a close look at your relationship with money. Do you view life as a struggle, with hard effort required to earn each dollar? Do you believe that personal magnetism will attract market wealth to you in the same way it does in other life pursuits? More ominously, have you lost money on a regular basis through other activities and hope the financial markets will treat you more kindly?
Whatever your belief system, the market is likely to reinforce that internal view over and over again through profits and losses. Hard work and charisma both support financial success, but losers in other walks of life are likely to turn into losers in the trading game. Don’t panic if this sounds like you. Instead, take the self-help route and learn about the relationship between money and self-worth. Continue to the next step once you get your head on straight.

2. Get An Education
Read market books and website tutorials, lots of them, but don’t focus too narrowly on one single aspect of the trading game. Instead, study everything market-wise, including ideas and concepts you don’t feel are particularly relevant at this time. Trading launches a journey that often winds up at a destination not anticipated at the starting line. Your broad and detailed market background will come in handy over and over again, even if you think you know exactly where you’re going right now.
Start to follow the market every day in your spare time. Get up early and read about overnight price action on foreign markets. Indian traders didn’t have to monitor world markets a couple of decades ago, but that’s all changed due to the rapid growth of electronic trading and derivative instruments that link equity, forex and bond markets around the world.

3. Learn To Analyze
Study the basics of technical analysis and look at price charts, thousands of them, in all time frames. You may think fundamental analysis offers a better path to profits because it tracks growth curves and revenue streams, but traders live and die by price action that diverges sharply from underlying fundamentals. Do not stop reading company spreadsheets, because they offer a trading edge over those who ignore them. However, they won’t help you survive your first year as a trader.

4. Learn To Predict
Your experience with charts and technical analysis now brings you into the magical realm of price prediction. Theoretically, securities can only go higher or lower, encouraging a long-side trade or a short sale. In reality, prices can do many other things, including chopping sideways for weeks at a time or whipsawing violently in both directions, shaking out buyers and sellers.
The time horizon becomes extremely important at this juncture. Financial markets grind out trends and trading ranges with fractal properties that generate independent price movements at short-term, intermediate- and long-term intervals. This means a security or index can carve out a long-term uptrend, intermediate downtrend and a short-term trading range, all at the same time.
Rather than complicate prediction, most trading opportunities will unfold through interactions between these time intervals. Buying the dip offers a classic example, with traders jumping into a strong uptrend when it sells off in a lower period. The best way to examine this three-dimensional playing field is to look at each security in three time frames, starting with 60-minute, daily and weekly charts.

5. Take Baby Steps
It’s now time to get your feet wet without giving up your trading stake. Paper trading offers a perfect solution, allowing the neophyte to follow real-time market actions, making buying and selling decisions that form the outline of a theoretical performance record. Make lots of trades, using different holding periods and strategies, and then analyze the results for obvious flaws.
Most brokers let clients engage in paper trading with their real money entry systems. This has the added benefit of teaching the software so you don’t hit the wrong buttons when you are playing with family funds. So when do you make the switch and start trading with real money? There’s no perfect answer because simulated trading carries a flaw that’s likely to show up whenever you start to trade for real, even if your paper results look perfect.
Traders need to co-exist peacefully with the twin emotions of greed and fear. Paper trading doesn’t engage these emotions, which can only be experienced by actual profit and loss. In fact, this psychological aspect forces more first-year players out of the game than bad decision-making. Your baby steps forward as a new trader need to recognize this challenge and address remaining issues with money and self-worth.