Aditya's Elliot Wave

 I could find some rules with my experience that can be applied to any charts to improve your wave count. Timefarme :  If you talk to any Elliot wave trader then they will say there is no impact of time frame but I will say TIME FRAME is the key. I have list out some rules for wave count based on time frame First find the Elliot wave formation at the highest time frame. Suppose you find a Elliot wave on daily chart then go to weekly chart. We need to find the sub waves in one level down the time frame. It means if the highest time frame is daily then sub waves will be counted in hourly or 15 mint based on market working hours. If the Elliot wave 1 and 2 are done in higher time frame then always apply fibbo in higher time frame otherwise you always make a mistake why? because if a higher time frame wave will be slightly extended then sub wave 3 and 5 will be super extended and  you targets always be wrong. I can give you many examples of this but I will share ...

It is easy to create a good chart with trend lines, Fibbonaci level, support and resistance but these things do not help much in intra-day trading. If we want to be profitable in the intraday then you need to be accurate in the lower time frame i.e 15 minutes or 5 minutes. I tried everything on the intraday chart but nothing was effective and profitable in the 15 minutes Time Frame I found this Intraday trading setup accidentally. This trading strategy based on Bollinger Band, Ichimoku and Vwap.I used these three in the different phases of my trading path but never used together that time. I had many technical chart of stocks with all other technical things including Bolllinger Band etc. Recently one of these charts I applied the Ichimoku Cloude and then i studied and found that it can do well in intraday so I just applied it on live chart and keep watching the chart formation in the realtime in the live market.  Now I was able to predict the next 15 minute candle on...

When a Elliot Wave(12345ABC) is completed in a particular time frame then it completes two waves in the higher time frame. I can clearly explain this in the silver. Silver Daily Chart :  Silver Weekly Chart: 20/6/2019: Today silver moved up more than 1000 Points and still heading. It can reach till 1.618 fibbo level that is 17.812 in dollar term. 21/07/2019: Silver is moving exactly same as I predicted. It has started the 3rd wave in daily time frame. Check the chart here. Silver Daily Chart

when I was a naive trader I always used to see fanatic nifty move up  and down. I never had courage to trade. That time, I tried my luck in Nifty with option but I burnt my hands with losses. Recently I studied the Nifty chart with Elliot analysis. I was totally surprised as it revealed all the secret but I regret because I studied this chart after the completion of this wave. The Elliot wave that i am sharing started and finished just before the election. The beauty of this wave is that the difference of Wave 1 start and Wave 2 End (10585.65-10583.65) is just 2 rupees. Did you see the magic? with the stop loss of 2 rupees we can get the profit of more than 950 point. Have you ever seen such Risk and Reward Ratio? The Wave That I am Riding Now Once the wave C is competed there was no way to check the new wave formation on daily chart so I tried to find if any wave is getting shape in hourly time frame. I found the following wave and i bought a Call of 11350 at 316 an...

If you have read my previous Blogs  and  you do not know about Elliot wave then please read wiki It has three Basic rules: Wave 2 never retraces more than 100% of wave 1. Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5. Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation. Elliot Wave provides following benefits that a trader desperately need for a profitable trade: 1.Current Direction and Next Direction of the Trading Entity Just at a glance of the chart and Fibonacci calculation can tell you where we are and what will be the next move. 2. Anticipatory Trade for Next Move.  You must have heard about anticipatory bail 😊. Have you ever thought that we can place trade orders in the anticipation of a movement. Yes friends with the help of Elliot wave calculations we can anticipate the next move and so we can place our ...

I hope you know what is cup and handle pattern. If you  do not know then visit this link . Here I am talking about Inverse Cup and handle that is the opposite of Cup and Handle Patten. We should carefully check that, the second low should be lower than the first low of the Inverse cup. If this happens then it removes probability of Elliot wave formation because it violate the rule one i.e. Wave 2 should not retrace more then 100% of wave 1. Valid Inverse Cup and handle: Invalid Inverse Cup and handle: If we consider this as Inverse Cup and Handle pattern  and you are hoping that price will go down then you are wrong because Clearly it is  forming the Elliot wave. The move that you considering the handle of cup is the starting of wave 3. 

In 2017 when I resumed my trading with commodities I was quite fascinated with Crude Oil. Without knowing any fundamental(other than Inventory data day) and little bit technical analysis I started to trade in crude. Like any other gambler, I was successful in my earlier trades, that I did with mini lots. I earned 5000 to 6000 rupees. Later I had to face losses. Now I know where I was wrong in my trades. I wish I could have got the Elliot wave earlier. 2019 When I was wrong in Trade because I was against the Elliot Wave : First of all I did not have the practical knowledge of Elliot wave that time. One of the WD Gann follower/trader from kanpur said on his You Tube videos that January is very bad for Crude. I short the Crude and in the beginning I got profit because it was end of wave three and starting of corrective Wave 4. I did not know this that time so I kept my self in short in Jan and Feb. I  was in little bit profit. This little bit prof...

As I explained in my last post " My Trading Journey "  that I attended the 2 days training with Mr. Mukul Agrawal in December 2018 and after that training I was feeling confident for the technical analysis like I never felt earlier. I started the trading and I was able to generate the profit too, but one bad day/trade, was making a big dent on my account and I was not able to understand why it is happening? Elliot wave was in my back of mind so I was constantly searching YouTube for some good videos over Elliot Wave. I found one video of Mr. Sanjay Sinha. He explained that Glenn Neely worked on the Elliot wave and tried to remove the subjectivity and given a new name to his study called Neo Wave. He suggested a book called "Mastering Elliot Wave" that cost RS.4000 so before investing big money I searched for a less costly option then I found a video of Mr. Ramkrishnan(RAMKI). He written a book "Five Waves to Financial Freedom". This book ...

Hello friends, I am Aditya Pathak. I am full time working in software industry. I came in trading because I wanted to open a second source of income. My trading journey started in 2008, 2-3 month before the RPower IPO. The first stock I bought was the Jagran Prakashan. I kept it for 2 weeks but it never gone up. I was totally a kid for stock market but that time I did not do the intraday or FNO. I kept my self involved only in  delivery based trading because at that time I did not have capital for FNO. First Phase: Like any other trader I started to gain the basic knowledge  of technical analysis. That time YouTube did not have technical analysis training videos, so I started to learn with website like Investopedia  etc, My delivery stocks were doing good but I was in hurry so I thought, I should try intraday trading. I sold all my stocks and with that money I started the intraday trading. Because I knew nothing abo...