VERTICAL SPREADS TRADING TECHNIQUES. VERY GOOD FOR MAKING CONSTANT PROFIT IN STOCK MARKET
VERTICAL SPREADS TRADING TECHNIQUES. VERY GOOD FOR MAKING CONSTANT PROFIT IN STOCK MARKETFull description
Full description
There are probably as many fans of Elliott Wave Principle as there are detractors! Fact is, when you get it right, you make lots of money using Elliott Wave Analysis. A basic requirement for succes...
Full description
Descrição: Wave
Description complète
Full description
Full description
Descripción: Wave
lab report
THE ELLIOTT WAVE OSCILLATOR The Elliott Oscillator, or 5/34 Oscillator, is a 34 period simple moi!" aera"e o# prices s$%tracted #rom a 5 period simple moi!" aera"e o# prices displa&ed as a histo"ram a%oe a!d %elo' a (ero li!e) *o$ ca! d$plicate the Elliott Wae Oscillator o! charti!" pro"rams 'ith a +AC #eat$re) It ca! %e applied to a!& time #rame -i!trada&, dail&, etc). a!d 'ors e0$all& as 'ell i! eer& time #rame proided that the correct !$m%er o# %ars are displa&ed i! the chart) The chart %elo' is a "ood e1ample o# ho' e##ectie e##ectie this tech!i0$e ca! %e i! co$!ti!" +ome!t$m Waes) Waes)
Whether or !ot +ome!t$m Waes Waes co$ld %e co!sidered as tr$e Elliott Waes Waes is !ot importa!t) We 2$st accept that the& are !ot a!d $se them #or 'hat the& are er& "ood " ood at doi!", ide!ti#&i!" the c$rre!t state a!d the pro%a%le termi!atio! poi!t o# a s'i!") The most importa!t si!"le co!cept a%o$t the Elliott Oscillator is that the hi"hest/lo'est poi!t o# the Oscillator is co!!ected to the
%$llish/%earish Wae 3 o# the s'i!") Related co!cepts are that Wae 4 crosses the (ero li!e i! the opposite directio! o# the tre!d) Wae 5 o#te! maes a !e' hi"h or lo' price #or the s'i!" %$t al'a&s dier"es #rom the Oscillator) I# the s$spected Wae 5 maes a !e' e1treme price sim$lta!eo$sl& 'ith a !e' Oscillator e1treme the! it is !ot a Wae 5) This happe!s #airl& o#te! 'ith i!trada& charts) What &o$re seei!" i! that sit$atio! is a! e1te!ded Third Wae 'hich carries the implicatio! o# a si"!i#ica!t price moe i! the directio! o# the tre!d &et to come) OERATIVE TI+E RA+E CHARTS The Elliott Oscillator is most e##ectie 'he! the chart has the 6correct6 !$m%er o# %ars) rom 788 to 758 %ars is the correct !$m%er o# %ars to $se 'ith the o scillator) r) 9ill Williams s$""ests 788: 748) Tom ;oseph implies that 758 is ri"ht) We lie to $se a%o$t 7<8 %ars, 'hich is com#orta%l& i! the middle o# that ra!"e, a!d 'hich has co!siste!tl& prod$ced relia%le res$lts) There is !othi!" ma"ic a%o$t 7<8 da&s, 7<8 ho$rs or 7<8 mi!$tes) Altho$"h a! Operatie Time rame Chart co$ld coi!cide!tall& %e a!& o# these time periods, co!str$cti!" this chart has !othi!" to do 'ith #i1ed time periods) $t simpl&, a! Operatie Time rame Chart is a %ar chart that starts at a si"!i#ica!t piot poi!t a!d displa&s 7<8 %ars o# the s'i!" that started at that partic$lar piot poi!t) I# a!al&(i!" small time #rames, lie o! o$r Ho$rl& Charts, a! Operatie Time rame chart 'ill displa& a%o$t 7<8 %ars o# a!&'here #rom 75 to <48 mi!$tes o# i!trada& data) The time period o# the %ars i! the chart is arra!"ed to al'a&s sho' the s'i!" as a! ee!t co!sisti!" o# a%o$t 7<8 %ars) The sample S= chart comprises >5 mi!$te %ars) This more rece!t E$rodollar chart comprises t'o da& %ars) The completed #ie 'ae se0$e!ce 'o$ld %e i!alidated %& a!& moe %elo' the s$spected 5th 'ae 7)7? lo')
WHAT CA@ *O O WITH A@ OERATIVE TI+E RA+E CHARTB
Closel& determi!e the pro%a%le time period o# the e!d o# a correctio!)
Aoid losses %& reersi!" too earl& o! a s'i!" that loos complete)
Closel& determi!e the liel& termi!atio! o# a s'i!" o# a!& de"ree)
These "$ideli!es ca! %e $sed 'ith classic a!d moder! Elliott Wae a!al&sis a!d also 'ith the Elliott Oscillator i! a %ar chart o# #rom 788 : 758 %ars #rom oi!t ero)
WAVE
CO@ITIO@S
I+LICATIO@S
I9O@ACCI
A coi!cide!ce o# atter!, rice a!d Time has come The s$spected hi"h or lo' tic at a ma2or The most commo! i%o!acci
OI@T ERO
to"ether to mar a ma2or piot that 'e hae ide!ti#ied piot poi!t is the ideal e!tr& poi!t) This relatio!ships %et'ee! Elliott as the 5th o# a 5th 'ae) The Elliott Wae patter! ma& e!tr& has the least capital ris %eca$se it 'aes o# the same de"ree) !ot al'a&s %e the o!e that 'e 'ere e1pecti!") Whe! a is closest to the i!itial stop loss poi!t : #ractal occ$rs it mea!s that a 'ae has e!ded, read& or the piot) The trade o## is that there 'ill !ot)
%e a hi"her perce!ta"e o# losses) The maret does !ot al'a&s reerse 'here 'e 'a!t it toD The piot poi!t is oi!t ero)
W)7
Will #ollo' either a three 'ae A:9:C or a #ie 'ae @e' W)7 o# the same de"ree sho$ld RICE imp$lse patter!) W)7 that #ollo's a! A:9:C is a! oer%ala!ce
the
immediatel&
prior se i!ter!al s'i!"s o# lesser
imp$lse 'ae) W)7 that #ollo's a #ie 'ae patter! is correctie patter! i! price ra!"e %$t !ot de"ree to pro2ect termi!atio! W)A o# a! A:9:C patter!)
!ecessaril& i! time)
o# W)7
+oder! Elliott Wae a!al&sis allo's #or #ie 'ae
TI+E
tria!"le patter!s i! the W)7 positio! o# lesser de"ree
Imp$lse
'aes) That mea!s that W)47 ca! oerlap W)77
oer%ala!ces i! time the
'itho$t i!alidati!" the patter! as a! imp$lse 'ae)
prior co$!ter tre!d s'i!")
W)7
$s$all&
The i!ter!al str$ct$re is 3:3:3:3:3) W)7 tria!"les are !eer allo'ed as lesser de"ree 'aes 'ithi! a lar"er de"ree W)3) W)<
i":a" -A9C. most commo!)
W)< most liel& to %e more tha! 58F i! RICE time o# W)7) Aoid premat$re e!tr&) G 58F ?>)F W)7
Tria!"les least liel& i! W)< positio! a!d most liel& i! atie!ce re0$ired) W)4)
TI+E Wait #or C 'ae completio!) The #irst G 58F W)7 mi!im$m co$!ters'i!" is liel& 2$st the A le" o# a! G
!ot
The Oscillator 'ill cross the (ero li!e TI+E t'o times d$ri!" W)4) irst a"ai!st the W)4 most o#te! related to directio! o# W)3 a!d the! i! the directio! W)3 or W)8 : W)3 o# W)3 to si"!al that W)4 has #$l#illed O#te! lo!"er i! time tha! mi!im$m re0$ireme!ts #or completio!)
Loo #or termi!atio! 'he! W)5 has completed at least Whe! the e1treme o# Wae 3 is e1ceeded RICE #ie #ractals i! lo'er time #rame a!d is i! a the ma1im$m stop loss sho$ld %e raised W)5 J
to Wae 4)
I# W)3 e1te!ded W)5J F o# W) 8:3
W)5 has made !e' price e1treme a!d price a!d the Whe! #o$r #ractals are i! place #or Wae W)5J7
5 traili!" stops sho$ld %e moed er& <
W)A