Posts

Showing posts from June, 2019

Silver with Elliot Wave Magic

Image
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

How I Got Rid of Nifty Fear with Elliot Wave

Image
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...