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The Importance of Training for Peak Performance


The Importance of Training for Peak Performance 


"Nothing is more common than the notion that you learn to trade by trading. I humbly ask you that you check that premise...

"Every Performance field I have researched progresses from knowledge acquisition to skill drilling to simulated performance to real time rehearsals.

Despite this seemingly obvious truth, we see few traders attempt to learn through training. Instead, they approach trading in the amateur mode, only to lose money and court frustration."

That's not to say that traders can't learn trading through dedicated screen time. Concentrated screen time can greatly shorten a trader's learning curve.

The secret to trader's longevity as a traders: "Know when to say when". When you lose the maximum amount allotted for that day, e.g. 2% put the mouse down and call it a day. Make this your motto "Tomorrow is another day". But stay there and watch the market till the end. Nothing beats healthy chart time. That is the mind-set of a professional.

The Core trading skills boil down to pattern recognition. The trader who spends high-quality screen/chart time is more likely to internalise patterns than trader whose market contact is intermittent.

This is not the perspective that most traders possess. And yet there is no reason to trade, and they fool themselves into the notion that their trading provides learning experience. Yet we can see clearly that a novice boxer would not learn from getting in the ring with a champion.

He would get KNOCKED OUT"  Brett Steenbarger

Proper Training is Trading Psychology, sustaining the mind-set as well as the skill level of the performer.

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Count Elliott Wave within 10 Seconds

After Reading this material you should be able to do the following:
Objective 1. Understand Elliott WaveObjective 2. Count Elliott Wave within 10 SecObjective 3. Learn how to use AO
Objective 1


What is Elliott Wave? 

We believe the market has a structure. That structure is Elliott Wave. We also believe that the structure also has a structure and that structure is shown to us on our charts by using our indicator AIMS Levels. EW consists of impulse waves and corrective waves. We are interested in trading the impulse waves and avoid the corrective waves.


Which wave is most profitable and easy to trade?   


Wave 3 is where we make money. Our strategy puts us right into the impulse waves, where the money is made.


Hypothetically, this is how Elliott Wave looks like.



Within each Impulse wave there are 5 waves.  of which wave 1,3,5,  are again impulse waves whereas wave 2 and 4 are corrective waves.

An impulse wave consists of sequence of 5 waves starting from 1 up 2 down 3 up and 4 down an…

Count Elliott Wave in 10 Sec

Example of Setup 1 and Setup 2. In the Chart below the blue arrow that point to the Red Dot is the spot which we Call Setup 1. The next AIMS/Fractal Level immediately after it broke down is what we call Setup 2. At the Red Dot alligator was sleeping. While at the second break Alligator mouth was open to the downside. 
Updated 11:00 BST

How to Trade Wave 3 Make HUGE PROFITS

The most important thing I learned few years ago was that the market was a wave. Well not the market, but the charts that we look at. It always moves in waves. Someone actually named them after themselves but we don't really need that lovely name (Elliott Wave). Because we don't need to complicate things.

When I talk about waves, I don't mean the popular Elliott Wave. I mean the WAVE we have on the most beautiful indicator called, ahem it has many names, AO, The Awesome Oscillator, The eWave, AIMS Wave etc.  It helps us see the market in a smooth wave going above and below a certain Zero Line. .. It helps you ignore the going up and going down of the price concept. For us technical traders, we don't have an up and down as such specially in forex. All we see is eWave turning Red or Green.

Assuming you already know a bit about the wave. I know most of you will want to know the answer this fantastic question. How to trade the third wave?

They all ask that question, and s…