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Elliott wave trader

Here's one of the big advantages of being an Elliott wave trader: you can increase your understanding of how current price action relates to the market's larger trend. Other tools fall short in this regard. Looking at all of the glossy ads promoting analysis software, educational courses, seminars, workshops, newsletters, past gurus, new gurus, astrologers etc. you could be forgiven for thinking that taking profits out of markets is simply about something called 'forecasting'.

All you need to do, apparently, is pay your money and you too can forecast with such amazing accuracy that you'll be able to trade on the hoof for just an hour a day as you travel from beach resort to, er...beach resort. Yes, it's really you on the lounger by the pool in that promo!

Strangely enough, trading is not like that. Professional traders have nothing but disdain for the hype and misinformation peddled largely by those catering to the masses of private traders. 'Professional' doesn't mean 'permanently making money', by the way. It has a lot more to do with the crucial elements of trading often never even mentioned in the ads and promos. 'Professional' is more an alternative for 'controlling risk'.

If you are new to Elliott wave theory, it must be very hard for you to get comfortable with that. So to make it a little bit easier, we have jotted down a few tricks that can help you while trading with it. Your feedbacks are welcome:

  1. The best way to be an Elliott wave trader is to draw numbers 1 through 5 on your chart and then guess where the market will go next. If you are wrong, draw A,B,C's or just erase the 1-5's and start somewhere else. It also helps to be arrogant about the entire process. Remember Elliott wave traders are never wrong, they just relabel.

    Before you attempt to beat the odds, be sure you can survive the odds beating you.

  2. As for the elliott wave traders, you can't really use it to actually predict a future price move. you can use them to analyze past movements though and possibly get a feel for how the currency works. Remmeber, as with all patterns, it will NOT always do the same thing every time. thats not how the market works.
  1. And you can use Elliot Wave Theory to predict what kind of day you are going to have ... :-) A lot of people give up on Elliott Wave principle because it takes a long, long time to begin to get competent at counting them waves.

    I like to think of EWT (and it is only my personal gesture) as a roadmap that prices must use to reach their destination. Without a roadmap, the number of paths would be huge. With a roadmap, that number is greatly reduced. As with a roadmap, when you get to a junction you have a choice of which road to take, only in the case of price, you can't go backwards (i.e. go back in time).

    Like most methodologies, the Elliott wave traders don't eliminate uncertainty (wouldn't that have been great!!!), it just reduces it quite a lot (if used properly). As Jack Schwager who interviewed the top traders for "Market Wizards" and "New Market Wizards" said, "It really doesn't matter which paradigm you use, there are many that work. You just have to find one that suits you and use it consistently."

  2. You are not always right in your count, but you can set up some very high probability trades if you know how to, with very limited risk, even when your count is wrong.

    Plan is that you keep a preferred and an alternate count. At certain points in the market you can trade like a "straddle" style trade and almost 100% guarantee to win the trade. One thing is you can use it more for swing trading though, as it is also very reliable in telling when the markets are turning.

  3. Alteration rule

    1. If Wave Two is a simple correction, expect Wave Four to be a complex correction.
    2. If Wave Two is a complex correction, expect Wave Four to be a simple correction.

Share market strategies

The daytrader

  1. Opening range breakout
  2. Market timing
    To buy Satyam after it was rescued from brink of bankruptcy, you had to have huge confidence in your ability to read trends.
  3. Elliott wave trader
  4. Hedging
    1. What is hedging?
    2. How to hedge?
  5. Rules for investing
  6. Moving average
    1. MACD
    2. Stochastic oscillator
      Indicates whether market's moving to new highs, new lows or just moving nowhere.
    3. Bollinger bands
    4. Relative strength index
  7. Swing trading guide
  1. Trading for a living
  2. Short term trading strategies
    Gaining the knowledge is the first step to learning how to trade on the open market.
  3. Price action trading
  4. Range trade
  5. What is a swing trader?
  6. Follow the trend
    1. Trend following strategy
      Traders violate it surprisingly often!
  7. Initial public offering
  8. Options contract
  9. Advanced option trading strategies
  10. Futures market
  11. Exchange traded funds
  12. New fund offer
  13. Commodity trade finance
  14. How to be a successful trader?
    For those who do not know about day trading.

What can you do with LinkedIn?

FREE service to make updating your social networks a snap!
We all want to be the go-to person with the latest news, the most intriguing viral content, or the hidden gems followers wouldn't have otherwise found. To be honest, if there were no way of earning money from blogging, there would not be millions of blogs. Easier said than done, though, right?

It actually might be easier than you think - as long as you take the right approach. There are several things that we should do in light of this information. First, let me tell you what not to do.

Don't neglect social! And to earn more, you need more traffic. By using the LinkedIn module of Get Free Followers, you can easily increase your blog's traffic and earn more from your blog's earning source.

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    Talk about earning bucks online - there's no better way than online stock trading / CFD trading. There are a host of webmasters - who have websites with valuable tips on stock market or CFDs, but not getting the exposure that it deserves. Are you one of them?

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Website rating is a online money makers' complete list of useful links to third party revenue generating resourses that are included in our website and some of our other favourite directories. Online stock trading being such important part of money making - you can post your site here as well. Get your tips / trading tool exposed to the right audience - so that you can get your business going in a fast-lane!

Compare your posts with your competitor

Suppose you have a blog about technology. You know that there are thousands of blog on same topic. To get benefit from your blog, you must compete with those blogs. But, how will you know your place in this competition? LinkedIn is ready to help you. But, you may ask, "how?" When you submit a link on LinkedIn, you can also submit it in a group.

Just find out how many LinkedIn shares other blogs get for same type of post. Compare it with your post. Try to find out, which things are missing in your post and why they are better than you. Many blogger thinks his post is the best one. But, when you will compare it with other blogs, you can know, you are wrong.

  1. How to make money on LinkedIn?
    LinkedIn is all about work, so it makes sense that the best times to share are weekdays, just before or after work. And of course - take help of the social marketing channel - named Get Free Followers!

    WOW! Did you ever think that you can also build a legitimate business that can make money using LinkedIn marketing? LinkedIn has opened up its publishing platform to its millions of users. Everyone can blog on LinkedIn.

When you get a huge benefit without costing money, you must ask, "Is it legal?" Yes, it is. There are a lot of site that can give you millions of pageviews, but, most of them are spam, not legal. You can get a huge traffic in legitimate way by using LinkedIn services of Get Free Followers. So, you can use it without any doubt.

Increase pagerank and get search engine's love

All want organic traffic or traffic from search engine. Nothing can give you massive traffic like search engine. But, it is not so easy. Your post must be on first or second page of search results which is very difficult. If you are a new blogger, go to and do a search using a word of a post title from your blog. Maybe you can not see your blog easily. If you want to see your site/blog in the first page of a search results, you need a good pagerank from google.

LinkedIn is going to help you to increase your site/ blog's pagerank and bring your site/blog on the first page of search results through backlinks system.

Image SEO


Youtube promotion

  1. Design Float
    Are you looking to get your content posted in Design Float? It's a social bookmarking site where users submit and discuss latest news in the worlds of technology, social media and programming.
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    Design Shovel is a place to find the top rated web design/development, digital art, traditional art and graphic design articles published online. Get Free Followers helps you get into their ratings FREE!
  3. VK photos
  4. How to increase Likes on Facebook Photo?
  5. Make money with Instagram Likes
  6. Get paid to Pin on Pinterest
  7. How to get more Repins on Pinterest?
  8. How to get Retweets?
    One way to get search engine exposure is - post your photos to Twitter - with some good message of course. Then use Get Free Followers to boost Retweets on those.
  1. Favorite videos Youtube
    Do you want to be a certified public figure? Increasing your YouTube favorites can attract the attention of the video site; thus, your video can have the chance to be ranked up for a positive engagement. It plays a major role in SEO of that video.
  2. Get Likes on Youtube
  3. How to get more Views on Youtube?
  4. FREE Youtube Subscribers
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  5. How to promote Youtube Videos?
    Improve your Videos' search engine rankings. What YouTube wants to see is engagement and you can get that in the form of YouTube comments. Encourage others to comment on your video. Encourage discussions to start.
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