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Welcome to the Wave FX Academy. We provide educational materials to traders, while sharing our knowledge and experience.
We are here to teach you how to improve your skills and generate wealth.
We Trade, We Teach, We Mentor
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Forwarded from Wave FX || Exclusive Trading Room (Mentor Samore)
https://www.tradingview.com/x/TmtPUWiz

Only yesterday I shared this analysis on Gold for you just here➑️ link

Today we saw the market moved by over 200 pips πŸ€‘πŸ€‘πŸ€‘

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 πŸ€”

Beating the market requires a transcendence of emotional involvement❗️That 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 themβš”οΈπŸ›‘

What are your thoughts?

Comment below
​​When you know the wave theory, it's easier to prepare for the next cycle.
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When you've discovered, or you think you've discovered, a new trend, the formula will be quite simpleπŸ‘‡
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⚑- πŸ§˜β€β™‚οΈ - ⚑
Impulse - Correction - Impulse
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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.
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✊I hope my work may be the inspiration you need to start their own trading journey.

πŸ’‘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
​​What does every trader needs to be successful?

πŸ”ΈMethodπŸ”Έ Any time you enter or exit a market, it must be for a predetermined reason that will also apply in the future.

πŸ”ΉDisciplineπŸ”Ή to follow the method.

πŸ”ΆResponsibilityπŸ”Έ Don’t blame the news, β€œbrokers" "spreads" "market makers" or β€œTHEM” for your losses. Accept responsibility, and you will retain control of your ultimate success to the extent that the market allows.

πŸ”ΉAccommodation of lossesπŸ”Ή The perfect trading system does not exist, so your method must deal with taking losses.

πŸ’°Acceptance of huge gainsπŸ’° When the big winner finally comes, you need the self-esteem and confidence in your method to take all that promisesπŸ™

I shared my insights for Gold a few weeks ago. Do you remember? Take a look ➑️ Gold analysis

This is where we are today⬇️

Join my Exclusive Trading Room. Let's dominate together.
β€‹β€‹πŸ‘¨πŸΎβ€πŸ’»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.
πŸ’­ 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

πŸ”ΈοΈImpulse (common)
πŸ”ΈοΈDiagonals (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 πŸ‘ 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,
πŸ”ΈοΈLeading diagonals
πŸ”ΈοΈEnding 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.
This is the alternate view, based on the market consolidation.
Forwarded from Wave FX || Exclusive Trading Room (Mentor Samore)
https://www.tradingview.com/x/kjdbEWe7/

GbpJpy Alternate Scenario.

This is why I love pending orders.

If you view the previous anaysis here. I had a bullish forecast with Wave A and B completed looking for wave C.

In this scenario you are seeing a completed wave ABC and 1st impulse down. Price movement over the past hour was pure consolidation, which makes me more inclined with this scenario.
https://www.tradingview.com/x/DpVXTRa6/

GbpJpy Trade Update. VEry Interesting development for the Pound Yen. Let’s see how it will unfold.
https://www.tradingview.com/x/dsZbbbf5

Understanding the market is very simple.
Remember it only has 2 stages
Impulse πŸ“ˆ - Correction πŸ“‰

After an impulsive expect a correction, after a correction expect an impulse.

Current view of USDJPY