Many traders come to the Marketplace with the illusion of becoming rich and following the steps of successful people in movies or TV series when they see the private jets, boat, and big houses. Some come with the humble idea of providing for their family using trading as a form of Income. The truth is it is possible […]

 Elliott Wave Theory Structure : Double Three with a Contracting Triangle in the connector Wave B or X As mentioned here before double three structures are common to see in the market and as it has been pointed out before they can also be the Elliott wave formation that a particular market instrument is trending […]

$GBPCHF Hello fellow traders, in this technical blog we’re going take a look at the short term Elliott Wave analysis of $GBPCHF currency pair. In the larger time frames we see the pair reached the extreme area in the daily cycle from the last year’s peak (19th November). It hit the important tech zone at 1.2444 […]

Double three structures are common occurrences in the market and as it has been pointed out before they can also be the Elliott wave formation that a particular market instrument is trending within the larger degrees and time frames. As pointed out here before, it is simply impossible in some markets to get a legitimate […]

 The first thing needed to be accepted in a traders mind is by itself, Elliott Wave as a trading or trend trading method is not enough. There are always several “valid” Elliott Wave counts. As known, some markets shown here at our site for quite a while have been proven to “trend” in 3, 7 […]

One of the best practices when it comes to trading is to have a trading journal. Think of a trading journal as your battle plan / strategy. Traders should spend time to analyze the market ideally during the quiet period, such as the Asian session and plan trades for the coming session. When I get to know new traders and […]