Elliott Wave Price Action Course | Wave Trading Explained (For Beginners)



Discover a price action trading course using Elliot waves to forecast trends on Forex & stock market. In this video you’ll learn: • What is Elliott wave theory and …

45 Comments

  1. WELL EXPLAINED , I had a cd on this and could only get to grips on it by using the 15 min time frame , on mt4 I put a zig zag on the chart in red and the put a fib zig zag and coloured it white . I the used the reds as Motive wave and the white as the Corrective wave to get the hang of it . Try on a Demo, I found Longer time frames take so long to happen it was easier to wait for HELL to freeze over .

  2. Hi! I was wondering about the wick of the candles, if the wick of a candle of wave 2 goes a bit lower of wave 1 or if the wick of a candle of wave 4 enters the territory of wave 1, do they violate the rules? Thank you for responding because I often see such things happen and don't know how to manage it. 🙏

  3. I have been trading FOREX for 2years now, finally at the point I'm leaving my job as an engineer. Best advice i could give is DO NOT GO LIVE, stick to your DEMO until you have a working strategy or better still get a professional broker. Have a long term mindset and compound your account. Project it over a year or so and meet those daily goals. Greed will make you or break you in this game, i wish the BEST OF LUCK!!

  4. If I can make just a couple suggestions: I feel like it's better to get into the habit of calling these waves "motive" rather than "impulsive." When talking about trendy vs. against-the-trend movements, the "mode" terminology is motive vs. corrective. There are different types of motive waves (impulse, diagonal) and corrective waves (zigzag, flat, triangle, combinations).

    Also, maybe I'm misunderstanding you, but it seems like you might be confusing degrees in your discussion of trend reversals beginning around 2:30. Remember, every 5-wave move is itself a motive wave of a larger 5-wave move. So the corrections that occur after 5th waves are not corrections OF the 5th wave; they're corrections of the wave of the higher degree, or, the WHOLE 5-wave move that just completed.
    For this reason, we should expect the correction following a 5th wave to be larger than the corrective waves that occurred within that 5-wave move, even though the overall trend may not have changed.

    In other words, if you have waves I, II, III, IV and V of the supercycle degree, and within wave III you have waves 1, 2, 3, 4 and 5 of the cycle degree, when wave 5 of the cycle degree completes, you enter wave IV of the supercycle degree (which includes waves A, B, C of the cycle degree). Wave IV of the supercycle degree is a corrective wave of the whole 1-2-3-4-5 move on the cycle degree, which would naturally involve (usually) a larger pullback than waves 2 and 4 on that cycle degree. It seems to me that when you compare "smaller" and "larger" corrective waves, you're actually comparing, for example, wave 2 and 4 with wave IV, which wouldn't be an adequate comparison because of the degree differences. This would suggest a bigger pullback than the last two pullbacks, but not necessarily a trend reversal.

    Unless you mean a short-term reversal until entering wave V, in which case my apologies for misunderstanding.

  5. Hi, very comprehensive video, thank you very much! I'd like to pose a question though, are the ABC waves always followed by impulse waves again? For example, how would you apply the elliot waves on the chart you showed at 10:05? what comes after the ABC waves? And i read that the elliot waves are applicable for uptrend as well as downtrend, what do you think?

  6. This is excellent video, but wave 4 usually retraces back from wave 3 lows to highest point 38.2 to 50% , can you do a video on corrections moves especially wave 4 ? Thanks for the video

  7. Thanks for introducing this great concept to this community. I've noticed you said something wrong : the wave 3 doesn't have to be the longest wave, the fifth wave can be longer than wave 3. The wave 3 just needs to not be the shortest of the 3 impulse waves.

  8. Man, you are THA BOMB!!!
    You explain, and simplify things so well!!
    Please please keep the vids coming, maybe a deeper explanation of the Elliot wave, either way…THANK YOU BROTHER!!

  9. Your videos are awesome. Very easy to understand and implement. Today I came across this indicator "Arnaud Legoux Moving Average" , can please make on video on this and share your views on it.

  10. Awesome and very Interesting video reminding people of the bigger picture, the trading market is gaining popularity and the pace is really fast now for a changing world and the cryptocurrency. The stakes are high, and the trends are not waiting for anyone. Currently I make a living trading the financial market and I never had to do it all by myself. Miss H.Jolie has been my guide/expert account manager. As a seasoned trader and as my trainer, he has helped me grow a portfolio of a $960 account to over $6,070 already.

  11. I've always avoided EW theory, because I heard it was very complex and a bit subjective. You've peaked my interest on this matter now. I can see how important it is to know portion of the wave one is in when trading. Tnx Mario…

  12. It´s cool that you covered that topic, its still complicated for starters since there are many expections and you need to see the patterns int the charts. However, if you master the Elliot waves, you can make tons of money with it especially since it works in all markets, be it crypto, forex, stocks or even oil

  13. Excellent video
    Hopefully u can make one on wyckoff theory too
    Both are developed during same time
    Wyckoff will give a better idea in ranging market and elliot will give a better idea in trending markets
    Both are two faces of same coin

  14. Can I ask you a quick question–I had thought JPM entered wave 4 over the last couple of days, but today, it dipped below the peak of wave one, does this indicate that it has not in fact entered wave four, but the current retracemenet is still within the range of wave three? What is your opinion?

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