I have just a picture to share!
بس ایک تصویر۔ کیا آپ بتا سکتے ہیں کہ یہ کیا ہے؟
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After Reading this material you should be able to do the following: Objective 1. Understand Elliott Wave Objective 2. Count Elliott Wa... -
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... -
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 al...
3 comments:
I've noticed that the first trade which I took off M5 and exited on M5 was a mistake. Reason being, whenever I target a fifth wave on M5 I usually would manage it on m1. I dont remember why I did it this way, but this way is not bad either. However M1 entry and exit would have been slightly earlier and earlier respectively.
Hello, erik here and thanks for your chart!
I have few questions regarding setup to enter new trade.
I am struggling making profit so I wonder:
1) When the aligator is sleeping and you break a fractal, would not be this fractal, often, inside the aligator so not a valid one?
2) When aligator is sleeping, trend can easily go either ways, so would you not get your SL reached often before getting a trade following the market? Specially has wave 4 can last longer than the other waves
3) Would you not have a safer entry (but later one) like a new break of aims outside the alligator?
Thanks
Erik
Imran, I can tell what it is... and what it is not...
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