CYCLE PRINCIPLES:
1. The Principle of Commonality – Markets(Index) and security price(stocks) movements have many elements in common. In particular they tend to have common high and low points that coincide with cycles.
2. The Principle of Cyclicality – Price movements correspond to a combination of waves that exhibit cyclic characteristics.
3. The Principle of...
Concept of Time Cycle:
#A cycle is something that influences the price movement of a financial market to move up towards a peak, and then to move down towards a trough (or low point).
#It repeats that action on a fairly regular basis or exist in continuous time.
#There are multiple cycles which influence the price movement of any financial market.The multiple...
Why do people take losses in trading?
The reasons or mistakes behind a trader make losses. I suggest you these reasons should not be repeated. If you might have also come to cross from this reason and got losses, you can type in comment number of specific reason what you have faced.
In case, you also have another reason except in this post, please or kindly...
NSE:SRTRANSFIN
stock market stages by Stan Weinstein
Most important rules to grow and protect capital :
1) only go long when stock is in confirmed stage 2
2) never hold a stage in stage 4
Types of Market Phases
There are 4 clear market phases, and all markets go through these phases in a repeated way:
All markets go through 4 clear phases in a repeated way:
1.Accumulation Phase
This phase occurs after the market has bottomed and early adopters begin to buy, figuring the worst is over. At this phase, valuations are very attractive, and general...
I tried putting Elliot wave label on Asian paint daily,weekly and monthly chart and couldn't come to any logical conclusion,as the uptrend didnt followed any fib rule's neither did any major swing have an internal structure similar to elliot pattern cumulatively which could make an elliot pattern.
Never the less i have shown channel on the monthly chart which...
In this post i have tried analyzing chart by combining both price/volumes and time factor simultaneously. For deciding trend and predicting price i have used Elliot wave theory and for timing and entry/exit i have used cycle theory.
Elliot wave theory Impulse wave rule:
1)Wave 2 can't retrace wave 1 entirely
2)Wave 3 can't be shortest of wave 1,3 and 5
3)Wave 4...
Reason for starting wave count from the point shown here is,in the past price movement(from covid low's) no prior swing high is retraced faster then the fall from that high took to form.
Rules and Reason for impulse count
1)wave 2 should take more time then wave 1 to form,here this rule is followed
2)0-2 trend line should not be touched by wave 1 price...
This method of trading has been pioneered by Stan Weinstein in his book "Secrets for profiting in bull and bear markets"
NSE:BSE
for entry and sl : s3.tradingview.com
for exit , trail the trending HH-HL structure on hourly or daily timeframe
Phases of a Market:
1. Accumulation
2. Advance
3. Distribution
4. Decline
This is the NIFTY during the 2001 - 2010 decade.
Always look at the primary trend of the broader market.
See, which phase of market are you in.
Make your trade plan accordingly.
All markets go through cycles of expansion and contraction.
📈When a market is in an expansion phase (an uptrend), there is a sentiment of optimism, belief, and greed. Typically, these are the main emotions that lead to a strong buying activity.
Sometimes, a strong sense of greed and belief overtakes the market in such a way that a financial bubble can form....
In times like these when markets are moving down so much from the high point, it is important to understand this chart.
In a Bull market, the market consistently makes higher highs and higher lows. When the market starts moving lower, people start fearing an incoming bear market or a crash. But it is important to note that, if the market is down <10% from all...
