ββThank You!
Special thank you to all those who joined our very first Live Voice Chat for MINDSET MONDAYS. It was a blessing to have you as we discussed a very important topic in Mastering Trading Psychology.
Topic: Patience
Key Takeaways:
πΈοΈSuccess in trading will require us to be patient as a trader. Patient to wait on your strategy to play out, whether you're in profit or in a drawdown.
πΈοΈImpatience in your personal life can affect you in trading. Impatience with your trading can also affect your personal life.
πΈοΈLearn to ignore noises. Be patient to wait on your opportunity. Don't act impulsively on a trade and enter because someone share a chart or a trade on the same pair you're looking to trade.
πΈοΈThere is NO PERFECT ENTRY.
Where you enter the market must be based on your own strategy and where it states that you should enter. That's your "perfect entry" it will be different from someone that trades with a different approach.
βPatience: An important step to mastering trading psychology.
Join us every Monday Morning at 6:30am here inside Wave FX Academy for MINDSET MONDAYS
Special thank you to all those who joined our very first Live Voice Chat for MINDSET MONDAYS. It was a blessing to have you as we discussed a very important topic in Mastering Trading Psychology.
Topic: Patience
Key Takeaways:
πΈοΈSuccess in trading will require us to be patient as a trader. Patient to wait on your strategy to play out, whether you're in profit or in a drawdown.
πΈοΈImpatience in your personal life can affect you in trading. Impatience with your trading can also affect your personal life.
πΈοΈLearn to ignore noises. Be patient to wait on your opportunity. Don't act impulsively on a trade and enter because someone share a chart or a trade on the same pair you're looking to trade.
πΈοΈThere is NO PERFECT ENTRY.
Where you enter the market must be based on your own strategy and where it states that you should enter. That's your "perfect entry" it will be different from someone that trades with a different approach.
βPatience: An important step to mastering trading psychology.
Join us every Monday Morning at 6:30am here inside Wave FX Academy for MINDSET MONDAYS
ββWave 3 as the Shortest Waveπ€―π
This is one of the most common mistakes when practicing Wave Principles.
What's the solution?:
π‘Keep the rules of the wave structure in mind. You can see the rules of an impulsive wave here β‘οΈ Link.
If wave 3 violates the rules, you're likely to be in an extension.
This is very common for one of the 3 impulsive waves to extend.
On the chart below;
π Example A shows 2 rules being violated. Can you identify them? Comment below β¬οΈ
βExample B shows how to make that adjustment and make a valid count without violating any of the Rules.
Hope you find this tutorial helpful.
πΈοΈDrop a Like πto show your support
πΉοΈShare our channel and group with a friend.
I'll continue to share a lot of free educational content like this for you.
This is one of the most common mistakes when practicing Wave Principles.
What's the solution?:
π‘Keep the rules of the wave structure in mind. You can see the rules of an impulsive wave here β‘οΈ Link.
If wave 3 violates the rules, you're likely to be in an extension.
This is very common for one of the 3 impulsive waves to extend.
On the chart below;
π Example A shows 2 rules being violated. Can you identify them? Comment below β¬οΈ
βExample B shows how to make that adjustment and make a valid count without violating any of the Rules.
Hope you find this tutorial helpful.
πΈοΈDrop a Like πto show your support
πΉοΈShare our channel and group with a friend.
I'll continue to share a lot of free educational content like this for you.
You can achieve anything you want from trading.
With commitment, patience and guidance, it's all possible.
I LOVE π to receive these messages of my members making money. It's a testament to show the level of commitment and support I provide.
As an Exclusive member of the Wave FX Academy, I'm always a message or a call away to provide support. Whether it's to give my opinion on a chart or to provide support with a motivational phone call. I'm available to my members.
Let us earn and grow together! Take action, Join our Exclusive Trading Room TODAY!
With commitment, patience and guidance, it's all possible.
I LOVE π to receive these messages of my members making money. It's a testament to show the level of commitment and support I provide.
As an Exclusive member of the Wave FX Academy, I'm always a message or a call away to provide support. Whether it's to give my opinion on a chart or to provide support with a motivational phone call. I'm available to my members.
Let us earn and grow together! Take action, Join our Exclusive Trading Room TODAY!
https://www.tradingview.com/x/AZGWXc6s
It's been a very good day in the market if you were buying Gold.
We can easily identify the strong bullish momentum as an impulsive wave. We have already identified waves 1, 2 & 3. The market is now correcting for wave 4.
Based on the guidelines wave 2 corrected to 0.618 therefore we can expect wave for to have a shorter correction to about 0.382.
This is merely a guideline and not a rule, so it doesn't mean that price will go this low or that it won't go lower.
It's been a very good day in the market if you were buying Gold.
We can easily identify the strong bullish momentum as an impulsive wave. We have already identified waves 1, 2 & 3. The market is now correcting for wave 4.
Based on the guidelines wave 2 corrected to 0.618 therefore we can expect wave for to have a shorter correction to about 0.382.
This is merely a guideline and not a rule, so it doesn't mean that price will go this low or that it won't go lower.
We have been monitoring Gold for sometime in the Exclusive trading room and this was the potential opportunity I saw.
Never be afraid to capitalize on an opportunity. Once everything aligns with your strategy, execute the trade.
https://www.tradingview.com/x/TmtPUWiz
Only yesterday I shared this analysis on Gold for you just hereβ‘οΈ link
Today we saw the market moved by over 200 pips π€π€π€
Hopefully you were able to make some money from this.
My team inside the Exclusive trading Room definitely capitalized on the opportunity.
Only yesterday I shared this analysis on Gold for you just hereβ‘οΈ link
Today we saw the market moved by over 200 pips π€π€π€
Hopefully you were able to make some money from this.
My team inside the Exclusive trading Room definitely capitalized on the opportunity.
Happy Sunday traders!
I saw this message and decided to share with with you as well.
Emotions in trading are always harmful?
Once you get emotional, your objectivity decreases dramatically. If it were not for that impediment, normally intelligent people would make money continually via trading π€
Beating the market requires a transcendence of emotional involvementβοΈThat is not to say you must deny your emotions. Quite the opposite. You must exclude them out of your unconscious and view them in the cold light of reason. Then you can devise ways to deal with themβοΈπ‘
What are your thoughts?
Comment below
I saw this message and decided to share with with you as well.
Emotions in trading are always harmful?
Once you get emotional, your objectivity decreases dramatically. If it were not for that impediment, normally intelligent people would make money continually via trading π€
Beating the market requires a transcendence of emotional involvementβοΈThat is not to say you must deny your emotions. Quite the opposite. You must exclude them out of your unconscious and view them in the cold light of reason. Then you can devise ways to deal with themβοΈπ‘
What are your thoughts?
Comment below
ββWhen you know the wave theory, it's easier to prepare for the next cycle.
β
When you've discovered, or you think you've discovered, a new trend, the formula will be quite simpleπ
β
β‘- π§ββοΈ - β‘
Impulse - Correction - Impulse
β
This formula has been relevant for trading on the markets for more than a hundred years, although it was described in detail over 90 years ago by Elliott, and I am merely using this knowledge to improve myself and others. You can find them useful too.
β
βI hope my work may be the inspiration you need to start their own trading journey.
π‘The Journey starts with you deep diving into price action trading. Start there, you can do it on your own, or join my Exclusive Trading Room and gain access to my Trading Course Pips Tips and Profits: The Ultimate Price Action Trading Course
β
When you've discovered, or you think you've discovered, a new trend, the formula will be quite simpleπ
β
β‘- π§ββοΈ - β‘
Impulse - Correction - Impulse
β
This formula has been relevant for trading on the markets for more than a hundred years, although it was described in detail over 90 years ago by Elliott, and I am merely using this knowledge to improve myself and others. You can find them useful too.
β
βI hope my work may be the inspiration you need to start their own trading journey.
π‘The Journey starts with you deep diving into price action trading. Start there, you can do it on your own, or join my Exclusive Trading Room and gain access to my Trading Course Pips Tips and Profits: The Ultimate Price Action Trading Course
ββWhat does every trader needs to be successful?
πΈMethodπΈ Any time you enter or exit a market, it must be for a predetermined reason that will also apply in the future.
πΉDisciplineπΉ to follow the method.
πΆResponsibilityπΈ Donβt blame the news, βbrokers" "spreads" "market makers" or βTHEMβ for your losses. Accept responsibility, and you will retain control of your ultimate success to the extent that the market allows.
πΉAccommodation of lossesπΉ The perfect trading system does not exist, so your method must deal with taking losses.
π°Acceptance of huge gainsπ° When the big winner finally comes, you need the self-esteem and confidence in your method to take all that promisesπ
I shared my insights for Gold a few weeks ago. Do you remember? Take a look β‘οΈ Gold analysis
This is where we are todayβ¬οΈ
Join my Exclusive Trading Room. Let's dominate together.
πΈMethodπΈ Any time you enter or exit a market, it must be for a predetermined reason that will also apply in the future.
πΉDisciplineπΉ to follow the method.
πΆResponsibilityπΈ Donβt blame the news, βbrokers" "spreads" "market makers" or βTHEMβ for your losses. Accept responsibility, and you will retain control of your ultimate success to the extent that the market allows.
πΉAccommodation of lossesπΉ The perfect trading system does not exist, so your method must deal with taking losses.
π°Acceptance of huge gainsπ° When the big winner finally comes, you need the self-esteem and confidence in your method to take all that promisesπ
I shared my insights for Gold a few weeks ago. Do you remember? Take a look β‘οΈ Gold analysis
This is where we are todayβ¬οΈ
Join my Exclusive Trading Room. Let's dominate together.
ββπ¨πΎβπ»Diagonals
It's the weekend guys.
Time for another educational post.
I have been sharing with you the basic principles of Elliott Wave.
The market has ONLY 2 stages. Impulse and Correction. However, sometimes the market creates a pattern that is not a correction because it moves in the direction of the trend but it's not an impulsive wave.
π To properly accommodate this pattern, we say the market as 2 stages or (waves). A Motive wave and a Correction wave.
Motive Waves:
Only 2 types of Motive Waves
πΈοΈImpulse (common)
πΈοΈDiagonals (rare)
Today we look at Diagonals.
They follow all the rules of an impulse wave EXCEPT 1:
Wave 4 can enter the territory of wave 1.
Here's a refresher of the impulse rules
Click me
Hit π to show your support. Share the post. Help me grow the channel to 1K
It's the weekend guys.
Time for another educational post.
I have been sharing with you the basic principles of Elliott Wave.
The market has ONLY 2 stages. Impulse and Correction. However, sometimes the market creates a pattern that is not a correction because it moves in the direction of the trend but it's not an impulsive wave.
π To properly accommodate this pattern, we say the market as 2 stages or (waves). A Motive wave and a Correction wave.
Motive Waves:
Only 2 types of Motive Waves
πΈοΈImpulse (common)
πΈοΈDiagonals (rare)
Today we look at Diagonals.
They follow all the rules of an impulse wave EXCEPT 1:
Wave 4 can enter the territory of wave 1.
Here's a refresher of the impulse rules
Click me
Hit π to show your support. Share the post. Help me grow the channel to 1K
https://www.tradingview.com/x/ydVL26UM
Example of Diagonals.
There are two (2) types of Diagonals,
πΈοΈLeading diagonals
πΈοΈEnding diagonals
Leading diagonals are located only in Wave 1 or Wave A.
Ending diagonals are located only in Wave 5 or Wave C.
Both have the same structure, it's the placements that tells differentiate them.
Example of Diagonals.
There are two (2) types of Diagonals,
πΈοΈLeading diagonals
πΈοΈEnding diagonals
Leading diagonals are located only in Wave 1 or Wave A.
Ending diagonals are located only in Wave 5 or Wave C.
Both have the same structure, it's the placements that tells differentiate them.
https://www.tradingview.com/x/cJXXq2Qx/
Hey traders I'd like to share with you the importance of having a trading plan and the discipline to follow it.
Here I had a trade setup for GbpJpy on Friday. Entry was setup up with wave a and wave b completed, looking to trade wave c.
Hey traders I'd like to share with you the importance of having a trading plan and the discipline to follow it.
Here I had a trade setup for GbpJpy on Friday. Entry was setup up with wave a and wave b completed, looking to trade wave c.