Hello, I'm going to start sharing my trading journey from now on. I primarily trade using Elliott Wave counting. As I continue to document my trading opportunities, I'll track both my winning and losing trades. I hope you find it interesting! Currently, my expectation is that if the price moves up from here and forms an ABC correction pattern with possible...
WAR and Waste of Defense Budget The United States operates more than 750 military bases worldwide and spends $886 billion annually on defense. It is the world's largest military spender. Over the past 50 years, the U.S. has engaged in numerous wars around the world, pouring an enormous amount of money into conflicts. War is not just a military operation; it...
Nasdaq Long-Term Elliott Wave Analysis Hello, this time I’m looking at the long-term Elliott Wave for the Nasdaq. On the weekly candle chart, it seems like the long-term Impulse 5 wave, which started in 2003, is coming to an end. Even when breaking it down into yellow sub-waves, everything aligns correctly, and all Elliott Wave rules are properly...
Chapter 2: Excessive Debt The U.S. debt problem has already reached a critical level. As of July 2024, U.S. debt has reached $35 trillion, with interest payments exceeding defense spending. Paying off this debt is virtually impossible, especially since politicians rely on public support. It’s almost unthinkable for them to cut spending, knowing that doing so...
I haven't done chart analysis for a while, but I think I might start again. I mainly analyze using Elliott Wave theory and don't focus much on other methods. Since this is just the beginning, I'll start with a long-term analysis rather than a short-term one. As you may have noticed, the stock and investment markets are in really bad shape. It seems like the...
Understanding Trump As investors, we constantly analyze news and charts to find opportunities to make money. But today, I want to take a step back and look at the bigger picture. This is a story about Donald Trump. Predicting his future actions could be key to making profits in various markets. Lately, Trump may seem like a madman—Hunting down on illegal...
This article is for reviewing 10/24/2024 short position and stop loss. Unfortunately, it seems that the price has hit my stop-loss line and dropped. However, I have no regrets. Today, I want to talk about the reasons behind my short stop-loss and how market manipulators (often referred to as 'whales') take advantage of traders like us. Let’s start by...
For now, I believe that the downward ABC is still ongoing. Currently, we are seeing a rise within the B wave of the Green ABC correction. RED ABC- I expect the "Red ABC" to either form a triangle or a flat ABC. If it turns out to be a flat ABC, it would actually be more convenient for trading since the stop-loss would be much shorter. If we enter a position...
For now, I'll count this trade as a winning trade since it has reached the target price. The risk-reward ratio is 1:7, so it seems to have been a pretty good trade. At the moment, I've taken profit on my all short position. The wave that emerged from the end of the small green ABC correction looks like an impulse and appears to be really strong, so it seems...
Starting today, I will post my views on the Bitcoin chart. I will provide stop-loss levels with target profit and I will also enter positions myself. Afterward, I will review whether the analysis was correct or not. This year, Bitcoin has made a significant impulse wave upwards, reaching near 73,000, and is now undergoing a correction for a while. It seems we...