Aditya's Elliot Wave

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...