FOREX THEORY

#forex #trading #elliottwavetheory

Riding Elliott’s Waves

Because we like happy endings, your trade idea works out and nets you a couple thousand pips on this day, which is not always the case.

You have also learned your lesson this time around so you skip Vegas and decide to use your profits to grow your trading capital instead.

QUOTE OF THE DAY

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"The best way to destroy an enemy is to make him a friend."

By  Abraham Lincoln.

"YOUR WEALTH IS OUR HEALTH"

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ABOUT  SSL  FXGURU

SSL FXGURU is a financial consultant in the Forex market. SSL FXGURU has a team of professional analysts and traders working with Dr.Hari . We are seeking to expand our operations in Malaysia and Singapore with affiliations in the UK, US and India.

We have a proven Forex trading system which enables you to consistently profit from investing in the forex market with a MONEY BACK GUARANTEE!

The best part of this SYSTEM is you don’t have to be an EXPERIENCED TRADER nor a FOREX EXPERT to PROFIT from the forex market. Just follow the market signals and methodology provided by SSL FXGURU. Other forex consultants only provide you the training but do not follow through in ensuring that you actually profit from the forex market.

SSL FXGURU will actually provide you the signals on when to buy or sell as well as coach you on how to manage your trading account.

QUOTE OF THE DAY

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"Courage is the main quality of leadership, in my opinion, no matter where it is exercised. Usually it implies some risk-especially in new undertakings."

By Walt Disney.

FOREX THEORY

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Riding Elliott’s Waves

Trusting your Elliott Wave skills, you go ahead and sell at market in hopes of catching a new impulse wave.

You place your stop just a couple of pips above the start of Wave 4 just incase your wave count is wrong.

QUOTE OF THE DAY

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"The boisterous sea of liberty is never without a wave."

By  Thomas Jefferson.

QUOTE OF THE DAY

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"Be the change you want to see in the World."

By  Mahatma Gandhi.

FOREX THEORY

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Riding Elliott’s Waves

This time, let’s use your knowledge on corrective waves patterns to grab those pips.

You begin counting the waves on a downtrend and you notice that the ABC corrective waves are moving sideways. Hmm, is this a flat formation in the works? This means that price may just begin a new impulse wave once Wave C ends.

QUOTE OF THE DAY

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"Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that."

By  Martin Luther King Jr.

FOREX THEORY

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Riding Elliott’s Waves

Your Elliott Wave analysis paid off and you caught a huge upward move! You go to Vegas (or Macau), blow all your profits on roulette, and end right back where you started. Lucky for you we have another hypothetical scenario where you can earn imaginary money again…

QUOTE OF THE DAY

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"If you born poor its not your mistake but if you die poor its your mistake."

By  Bill Gates.

“YOUR WEALTH IS OUR HEALTH”

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ABOUT  SSL  FXGURU

SSL FXGURU was established in 2009 and has grown with a customer base in over 4 countries namely: the UK, India, Malaysia and Singapore. Our mission is to provide the highest quality Forex services for traders. We pride ourselves with excellence in Forex education and as a provider of Forex signals and mobile alerts.

We were established with the objective of empowering people with the right financial education, specialized knowledge and skills that has never been taught in schools. We endeavor to deliver training that is practical, hands-on and applicable immediately to create multiple streams of income.

QUOTE OF THE DAY

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"I just happened to start playing music for the conceptual ideas."

By Kim Gordon

FOREX THEORY

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Riding Elliott’s Waves

So, using your superior Elliott Waving trading skillz, you decide to pop the Fibonacci tool to see if price is at a Fib level. Holy mama! Price is just chillin’ like ice cream fillin’ around the 50% level. Hmm, this could be the start of Wave 3, which is a very strong buy signal.

Since you’re a smart trader, you also take your stop into consideration.

Cardinal rule number 2 states that Wave 2 can never go beyond the start of Wave 1 so you set your stop below the former lows.

If price retraces more than 100% of Wave 1, then your wave count is wrong.

QUOTE OF THE DAY

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"If you focus on results, you will never change. If you focus on change, you will get results."

By  Jack Dixon.

SERVICES THAT PROVIDED AT SSL FXGURU

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QUOTE OF THE DAY

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"I am looking for a lot of men who have an infinite capacity to not know what can’t be done."

By  Henry Ford.

FOREX THEORY

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Riding Elliott’s Waves

Let’s say you wanted to begin your wave count. You see that price seems to have bottomed out and has began a new move upwards. Using your knowledge of Elliott Wave, you label this move up as Wave 1 and the retracement as Wave

In order to find a good entry point, you head back to the School of Pipsology to find out which of the three cardinal rules and guidelines you could apply. Here’s what you found out:

-Rule Number 2: Wave 2 can NEVER go beyond the start of Wave 1

-Waves 2 and 4 frequently bounce off Fibonacci retracement levels

QUOTE OF THE DAY

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"If you don’t drive your business, you will be driven out of business."

By  B.C.Forbes.

FOREX THEORY

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Riding Elliott’s Waves

This is probably what you all have been waiting for – drumroll please – using the Elliott Wave Theory in trading! In this section, we will look at some setups and apply our knowledge of Elliott Wave to determine entry, stop loss, and exit points.

QUOTE OF THE DAY

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"Your life does not get better by chance, it gets better by change."

By  Jim Rohn.

“YOUR WEALTH IS OUR HEALTH”

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WHY WHAT WE CAN HELP & DO!

WHY WE CAN HELP YOU!

Dear Traders,

Timing is everything. Most traders find it difficult to get into the market at the right time and find it impossible to be at their computers 24 hours a day, 5 days a week to monitor the market for activity. OUR signals can help you become a better trader and alert you to trading possibilities. Allow us be your eyes to the forex market and alert you to possible trading opportunities as they occur.

We all know that there are hundreds of forex signals services out there. By looking at their trading, all are profitable forex signal providers. How true is that? Let's fantasize about how rich we would be if we were to use their services.

In reality, for many years, unreliable forex trading signals services have embellished their performance page to attract innocent traders and shown as profitable forex signals providers. Consequently, the result of this misleading performance information is that many people do not trust these forex signals providers anymore and start self trading that leads them to heavy losses in a short period.

WHAT WE DO ?

-We will monitor the market 24 hours a day, 7 days a week - so you don't have to.

-Trading opportunities are sent in real-time to your mobile phone.

-Notifications include Entry and Take/Profit prices.

-Works with any phone that can receive text messages.

QUOTE OF THE DAY

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"The purpose of a business is to create a customer who creates customers." 

FOREX THEORY

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The 3 cardinal rules guidelines

There are the guidelines that help you in correctly labeling waves. Unlike the three cardinal rules, these guidelines can be broken. Here they are:

Conversely, sometimes, Wave 5 does not move beyond the end of wave 3. This is called truncation.

Wave 5, more often than not, goes beyond or “breaks through” the trend line drawn off Wave 3 parallel to a trend line connecting the start of Waves 3 and 5.

Wave 3 tends to be very long, sharp, and extended.

Waves 2 and 4 frequently bounce off Fibonacci retracement levels.

QUOTE OF THE DAY

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"Either you run the day, or the day runs you."

By  Jim Rohn.

OPINION ABOUT DR.HARIHARAN SUBRAMANIAM

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QUOTE OF THE DAY

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"To be successful, you have to have your heart in your business. And your business in your heart."

By  Thomas Watson.Sr.

FOREX THEORY

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The 3 Cardinal Rules 

As you may have guessed, the key in using the Elliott Wave Theory in trading is all about being able to correctly identify waves.

By developing the right eye in recognizing what wave the market is in, you will be able to find out which side of the market to trade on, long or short.

There are three cardinal cannot-be-broken rules in labelling waves.

-  Rule Number 1: Wave 3 can NEVER be the shortest impulse wave

-  Rule Number 2: Wave 2 can NEVER go beyond the start of Wave 1

- Rule Number 3: Wave 4 can NEVER cross in the same price area as Wave 1

QUOTE OF THE DAY

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“People with goals succeed because they know where they are going. It’s as simple as that.”

By Earl Nightingle.

FOREX THEORY

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WAVES WITHIN A WAVE

To make it easy to label these waves, the Elliott Wave Theory has assigned a series of categories to the waves in order of the largest to the smallest. They are:

-Grand Supercycle

-Supercycle

-Cycle

-Primary

-Intermediate

-Minor

-Minute

-Minuette

-Sub-Minuette

A Grand Supercycle is made up of Supercycle waves which is made up of Cycle waves which is made up Primary waves, which is made up of Intermediate waves which is made up of Minor waves which is made up of Minute waves which is made up of Minuette waves which is made up of Sub-Minuette waves. Did you get all that?

Okay, to make things much clearer, let’s see how an Elliott Wave looks in real life.

As you can see, waves aren’t shaped perfectly in real life. You’ll also learn it’s sometimes difficult to label waves. But the more you stare at charts the better you’ll get.

Besides, we’re not going to let you go at it alone! In the following sections, we’ll give you some tips on how to correctly and easily identify waves as well as teach you how to trade using Elliott Waves.

Surf’s up!

QUOTE OF THE DAY

#quoteoftheday #forex

"The richest people in the world look for and build networks. Everyone else looks for work."
By Robert Kiyosaki.

“YOUR WEALTH IS OUR HEALTH”

#forex #trading #photo

WHY WHAT WE CAN HELP & DO!

WHY WE CAN HELP YOU!

Dear Traders,

Timing is everything. Most traders find it difficult to get into the market at the right time and find it impossible to be at their computers 24 hours a day, 5 days a week to monitor the market for activity. OUR signals can help you become a better trader and alert you to trading possibilities. Allow us be your eyes to the forex market and alert you to possible trading opportunities as they occur.

We all know that there are hundreds of forex signals services out there. By looking at their trading, all are profitable forex signal providers. How true is that? Let's fantasize about how rich we would be if we were to use their services.

In reality, for many years, unreliable forex trading signals services have embellished their performance page to attract innocent traders and shown as profitable forex signals providers. Consequently, the result of this misleading performance information is that many people do not trust these forex signals providers anymore and start self trading that leads them to heavy losses in a short period.

WHAT WE DO ?

-We will monitor the market 24 hours a day, 7 days a week - so you don't have to.

-Trading opportunities are sent in real-time to your mobile phone.

-Notifications include Entry and Take/Profit prices.

-Works with any phone that can receive text messages.

QUOTE OF THE DAY

#quoteoftheday #forex

Put your heart, mind, and soul into even your smallest acts. This is the secret of success.

Swami Sivananda

FOREX THEORY

#forex #trading #elliottwavetheory

Waves Within a Wave

Like we mentioned earlier, Elliott waves are fractals. Each wave is made of sub-waves. Huh? Let me show you another picture. Pictures are great, aren’t they? Yee-haw!

Do you see how Waves 1, 3, and 5 are made up of a smaller 5-wave impulse pattern while Waves 2 and 4 are made up of smaller 3-wave corrective pattern?

Always remember that each wave is comprised of smaller wave patterns. This pattern repeats itself…

FOREVER!

QUOTE OF THE DAY

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Talent hits a target no one else can hit; Genius hits a target no one else can see.

Arthur Schopenhauer

SIGNAL_FX

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Dear Traders of SSLFXGURU, more swing trades for Feb 4th.

Kindly DO NOT OVERTRADE!

Please ask if not sure. Thank you

SSL FXGURU TV: WHY JOIN SSL FXGURU? For details visit www.facebook.com/sslfxguru or www.sslfxguru.com

QUOTE OF THE DAY

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Always do your best. What you plant now, you will harvest later.

Og Mandino