Education
Tips
- Don’t try to get a “home run”!
This trading strategy is doomed to fail and to loose your capital. - Always keep in mind the „Systematized Visualization” main factors and think in terms of:
- Peaks & Troughs on all three multiple time frames,
- Breaches of Trending Levels,
- Fibonacci & Gann Retracements,
- Last Close compared with the previous one,
- Trend Line Drawings,
- Chart Formations,
- And Reversal Bars.
- Be fully aware of the „weight of evidence”. Let it decide for you when the trend’s reversal might take control of the market flow.
- The „Systematized Visualization” is a visual act, which can really emphasize the trading result outcome. Train your eyes to scan the chart in a systematized manner!
- Whenever in front of an Elliott pattern, immediately apply our credo: „Lack of a clear chart pattern is the Ultimate no Action indicator!” Make sure that the distinct rules of impulsive pattern are/aren’t respected: the W2 retracement, the W3 length & the W4 overlapping/or not of the W1.
- Keep in mind that when W3 is equal or bigger than 1.146*W1, an impulsive pattern is developing rather than a corrective pattern.
- Whenever facing a trending situation, whether that could be (a W1, a W3 or a W5), immediately think of our tools and implement only the most efficient: the birthing rectangle & its extensions, the two main ascending trend lines, the allocated major pitchfork, the price & time Fibonacci ratios and their Arcs, the Action/Reaction set-up.
- The Miner & Fisher Fibonacci Ratio Calculations give a real professional edge over the crowd. Their purpose is to acquire the narrowest cluster zone having the maximum levels.
- Remember that the most probable target of the W5’s reversal move is the W4 belonging to the same prior impulsive pattern.