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
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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...
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Descrição: Wave
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Descripción: Wave
lab report
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Background
Ralph Nelson Ralph Nelson Ell Elliott iott)) (1871 (1871 - 1948) studi studied ed the wave phenomena of the US stock market in 1934 Published the “Wave “Wave Principle “ in 1938 Published the “Nature Law” in 1942 In 1970s, Robert Prechter, Prechter, Jr Jr.. made Elliott Wave Theory popular pop ular in the investing communities
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Theory Outli Outline ne
Market fluctuations due to:
Impulse wave
follows the trend composes of 5 sub-waves
Corrective wave
Impulse Wave Corrective Wave
moves against the trend Composes of 3 sub-waves
Waves within waves
acrotec.com (5) 5
Waves within Waves (3) 5
3 1
2 4
b 3
(b) c
1
4
2
3 a
2
b (a) 5
1 (1) 5
a
4
4
1
(4) c 3
3
b (c) 5
2 1
a 4 (2) c 2
By counting waves in the long term to short term charts, forecasting can be made
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Time / Price Structure of Financial Mark Markets ets
Fluctuations according to:
the Fibonacci Number Series Fractal Structure Non-linearity Asymmetry
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Wav ave e Counting Counting Principle Principle
2nd wav wave e should not exceed the beginning of 1st wave 3rd wav wave e should not be the shortest among 1st, 3rd and 5th wave No overlapping between 4th and 2nd wave (with exception in diagonal triangle) Rule of alteration – 2nd and 4th waves take different wave forms
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End of 2nd wave should not exceed the beginning of 1st wave 5 1
3
1 4
2
Wrong
2
Correct
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3rd wave should not be the shortest among 1st, 3rd and 5th wave
5 3 1 4
Wrong
2
(iii)
(i) 1 (ii) 2
Correct
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4th wave should not overlap with the 2nd wave (except for diagonal triangle)
5 3 1
Wrong
4 2
(iii) (i) 1 (ii) 2
Correct
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Rule of Alteration – 2nd and 4th wave take different forms
5 3
Correct
1 4
5 2 3
1
4
Correct 2
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3 Wave Forms in Impulse Wave (1)
Extension –
One of the 1st , 3rd and 5th wave will extend conspicuously 3rd wave would not be the shortest among 1st, 3rd and 5th wave
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1st wave extension
5
3rd wave extension
3
3
4
1
2
5
5th wave extension
4
3
1
4 1 2 2
5
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3 Wave Forms in Impulse Wave (2)
Diagonal triangle –
Wave structure in upward or downward diagonal triangle In a form of contracting or expand expanding ing triangle The sub-waves in the diagonal triangle take the structure of 3-3-3-3-3 If diagonal triangle appears at the 1st wave, it will take the structure of 5-3-5-3-5 The 2nd and the 4th sub-wave will overlap
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Contracting diagonal Triangular 5th wave
5
Expanding diagonal triangular 5th wave 3
3
4
4 1
1
2
2
5
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Contracting diagonal triangular 1st wave
5 3
4
1
2
Expanding diagonal triangular 1st wave
5 3
4
1
2
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3 Wave Forms in Impulse Wave (3)
5th wave extension –
5th wav wave e failed f ailed to exceed the 3rd wave end 5th wav wave e takes t akes a structure of 5-3-5-3-5 failure to have the momentum to breath into new high / low before reversal
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Upward 5th wave failure 3
Downward 5th wave failure
5 2
4
1 4
1
2 3
5
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4 simple structures structure s in corrective wave
Zig-Zag Flat Irregular Horizontal Triangle
2 complex structures in corrective wave
Double Three Triple Three
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Zig Zag (5-3-5) (ii) bc b
(i)
(iv)
a (ii)
(iii) a
a (i)
b (i)
(iv)
(iii) c
c (v)
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Flat (3-3-5) b
bc b
a
(ii) b
a
(i)
(iv)
ac
a
(iii) c
c (v)
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Irregular (3-3-5) b
bc b
a
(ii) b
(i)
(iv)
a ac
a
(iii) c
c (v)
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Horizontal Triangle (3-3-3-3-3) b
b
d
d
Contracting horizontal triangle
e
e
c c
a a
d b
d b
Expanding horizontal triangle
a a
c e
c e
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Double-three
x
b
a
c
bc
b
a
xc
c
(ii) b
a
(ii) b
a
(i)
a
(i)
(iv)
bc
a
(iv) b
ac
(ii)
(iii)
b a (i)
(iii)
(i)
(iv) (iii)
c (v)
c (v)
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Triple-three b
x
a
c
a
c
bc xc b
a
b
a
(i)
(iv)
(i)
a
b (iii) c (v)
c
bc a
(ii)
b bc (iv) a
(iii) ac
a xc
(ii)
(ii)
b
x
b
b
a (i) (i)
b (i)
(ii) a
(iv)
a ac
(iv)
b
(iii) c (v)
(iii) c (v)
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Elliott Channel (1)
1
2
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Elliott Channel (2)
1
2
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3
Elliott Channel (3)
4
1
2
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Elliott Channel (4)
5 3
1
4
2
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Elliott Channel (5) 1
(1) 5 3
b a
1
4
2
(2) c
2
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Elliott Channel (6)
3
1
4
(1) 5 3
b a
1
4
2
(2) c
2
acrotec.com (5) 5?
Elliott Channel (7)
(3) 5 b 3 a
1
4
(1) 5 3
(4) c b
a 1
4 (2) c 2
2
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(5) 5 3
Elliott Channel (8) (3) 5
1
4
b 3 a 1
4
(1) 5 3
(4) c b
a 1
4 (2) c 2
2
2
acrotec.com (5) 5
Elliott Channel (9)
3 (3) 5
1
2
4
b
4
1
3 a 1
(1) 5 3
4 b 2
1
2
a 4 (2) c
(4) c
3 (a) 5
acrotec.com (5) 5
Elliott Channel (10)
3
2 (b) c a
(3) 5
1
4
b
4
1
3 a 4 b 2 1
a 4 (2) c
3 b
1
(1) 5 3
2 (4) c
(a) 5
acrotec.com (5) 5
Elliott Channel (11)
3
2 (b) c a
(3) 5
1
4
b
4
1
2
3 a
2
b
1
(1) 5
3
4
(4) c
4
1
(a) 5 3
3
b 2
1
a 4 (2) c
(c) 5
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Details
Book Book Nam Name e
Elli Elliot ottt Wav Wave e Pri Princ ncip iple le:: Key Key to to Mar Marke kett Behavior
Author
obert Prechter Prechter and A.J. Frost Frost Robert
Contents
The basic tenets of wave theory The rules and guidelines of wave analysis The scientific background of the Wave Principle Principle and Long Long term waves waves
Item
Details
Book Name
R. N. Elliott's Masterworks: The Definitive Collection
Editor
obert Prechter Prechter,, Jr. Jr. Robert
Contents
"The Wave Principle" (1938) The Financial World articles (1939) Nature's Nature's Law Law -- The Secret Secret of the Universe Universe (1946)
