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Predictive power of the Elliott Waves. Realty or Illusion?

The underlying premise of Elliott Wave theory is that human behavior—as manifested in the movement of the stock market—can be modeled mathematically as a series of patterns expressed by a deterministic function. This conclusion arises from a mistaken analogy between stock price movements and other phenomena found in nature. For centuries, people noticed that there were patterns in snail shells, planetary orbits, ocean tides, and many other phenomena. Read more

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Does Markets Tops On Good News?

” Bubbles become so attractive that they eventually suck in the skeptics” – Harry Dent

A massive win for BJP in Uttar Pradesh, superb quarterly numbers, GDP rising, Inflation under control, Loan defaulters under scanner, hawkish stance on Black Money!! So much of goodness all around!! WOW!

Commodities and stocks have been on fire the past month and I think it just may be time for things to take a breather. While I continue to stay long, taking some money off the table to lock in profits is a safe play.

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What makes a successful trader?

The typical list of success traits always includes characteristics such as discipline, focus, passion, commitment, determination, and confidence. Again these can be found almost anywhere and in any book you read. When applied right they can act as a framework for achieving success in all aspects of your life.

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Why Do Traders Fail?

If you haven’t heard, the failure rate of traders is extremely high. Based on what I see, for every 10 traders that attempt only 2 will be consistently profitable (being optimistic here).

In this post I share with you the 7 biggest reasons why most traders fail, and hopefully prevent you from being one of them.

So what is the cause of such high failure rates? 

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Why Indicators and Oscillators Fail!

False Signals with Technical Indicators

Nothing in trading is 100% and no one knows for sure the future of price action.

After all, if everyone could predict the trajectory of stock prices, we would all be millionaires and billionaires. The truth is that every technical indicator fails and we all need to know how to handle this reality.

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The Makings of a Super Trader

Ever wondered what makes some super traders, super? Their ingenuities are the main reason of their success. Their quality and ability to think differently makes them earn more money than others. Usually their success is termed as luck, bad market or possibly a dreadful system. However, it’s their eminence which keeps them distinguished from others. They are the outliers in true sense. Read more

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Elliot Wave Theory: Myths & Fears

In this article we shall demystify 5 fears and myths of the Elliot Wave Theory.  The Elliott Wave Principle is a form of technical analysis that traders use to forecast market trends. It is observed that many people don’t understand the meaning of it and therefore, misinterpret it. They relate to it emotionally instead of practically, which is often in a negative approach. It is also known that some people state, the Elliott Wave “must be some type of cult”. But in actuality nobody has to shave the head or drink goat’s blood while humming ‘Hare Krishna’. In fact it takes very little to be an Elliott practitioner. However, the reason the theory is being criticized is: Read more