Where Pattern, Price and Time Meet
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- PHOTO: The Big Kahuna
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The Big Kahuna
Prices seem to obey one all-powerful law. This all-powerful law has at its core the Golden Ratio, which in itself is basic to all of nature’s laws. As Elliotticians, we study charts in an attempt to tap the power of this law in order to determine future price action. The expression “You don't know where you're going until you know where you have been” definitely describes our big-picture chart, the Big Kahuna. Since the progression of the degrees of trend is infinite in both directions, it becomes vitally important to understand this very large degree, the Grand Supercycle. No matter what timeframe is traded, one must always have a firm understanding of the higher degrees which influence the lower degrees. Please take the time to study the Big Kahuna.
Get everybody on the same page, when they're not in the same room, instantly. WebEx is a ridiculously simple screen sharing tool for meetings on the fly and is the engine which runs our chat room. With WebEx, you can share files between attendees, text chat to the group or to an individual privately, share your own desktop and charts, participate in a whiteboard discussion or have a video conference from almost any device, anywhere in the world. Does all of this sound difficult? Not anymore, with WebEx now it is easy. Not sure how to connect to a meeting on your smartphone? Do you need help sharing your webcam? WebEx has all the answers to your questions. Take a video tour or read their quick start guide to learn more. Master all the features of our chat room by visiting their site.
Business Plan Template
A business plan is a formal statement of a set of business goals and the plan for reaching those goals. All serious traders, who treat their trading as a business, have a business plan. It is the business plan which formally describes the details of a risk management strategy. Without risk management, the possibility of a trader taking losses so big that it bankrupts their business becomes an absolute certainty. We recognize the importance for having a business plan and that is why we have provided you with a template which you can use to customize a business plan for yourself. Download our Adobe ‘.pdf’ file to get started.
We are often asked for our opinion of the best books to read to quickly turn an inexperienced trader into a seasoned professional. With the myriad of titles and the variety of subject matter produced on the topic of trading, we feel an individual’s time can best be served by learning technical analysis and human psychology. Download our Adobe ‘.pdf’ file to get our links to books online which address not only the technical but also the psychological aspects of trading. We have listed the books in three categories based on our own interpretation of the material; basic, intermediate and advanced. So no matter what level of trading experience you may possess, everyone can learn something new.
Wave Labeling Methodology
When labeling Elliott Waves on a chart, some scheme is necessary to differentiate the degrees of trend as the wave structure progresses. We have standardized a sequence of labels involving colors, numbers and letters. The progression of the degrees of trend is infinite in both directions. Motive waves are labeled with alternating sets of numbers and colors. Corrective waves are labeled similarly with alternating letters and colors. All labels are in parenthesis above the Minor degree starting with the color black and without parenthesis for the Minor degree and below also starting with the color black. For Windows clients who want the convenience of having our methodology running as a resizable window on their desktops, we have provided our methodology as an ‘.exe’ file. For all other platforms, our methodology is posted on our flickr site.
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