Saturday, June 20, 2015

How can you remove confusion from Elliott wave when purpose is to make profits

So, many times we as analysts start fighting over our Elliott Wave counts. I would like you look at the recent example which I have shared for, nifty it could be for any xyz stock. I am evaluating from the point of view of 2 different analysts.  They were seeing random charts to spot the trading opportunity with Elliott Wave analysis; soon they came up with their counts on this chart which were very different. The analysts are not going to marry this stock, they are only concerned with the next trading opportunity, enter the trade, make profit and exit and then scan some other chart. However, they started fighting and pointing fingers in each others analysis. Later their senior came in asked what was the case.
Analyst A: I believe that the impulsive with 1,2,3,4 done and 5th failed. (in black colour)

6 comments:

Rajat Jain said...

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Bhoomi Desai said...

I really like blogging. It's really quite interesting story about remove confusion . Great job! This one is an instant classic blog! Keep up the good work... Forex Trading tips

Ayushi Sharma said...

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Earl Hardesty said...

Thanks for sharing this information with us. Forex Forecast is the most interesting thing to learn.

Alisha Singh said...

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Vijay Sharma said...

ALL CHARTS WERE AMAZING AND PROFITABLE AND ALL WERE POSTED IN VERY SIMPLE LANGUAGE ........
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