Elliott wave Theory and Market Timing

In this blog, we will talk about the concept of Market Timing. Market is a wild animal which always, is in full control. Many traders want to trade every day and always getting in and out of the market which ends up more like gambling than trading. We at Elliottwave-Forecast.Com have practiced the Elliott wave Theory for years and we have been guilty of many early entries into the Market following the Theory. Years ago, we started practising The One Market only concept which allow us to see the Market as a whole. The Idea allows you to be able to pick 1 or more instruments showing a clear structure within either the 3-7-11 or 5-9-13 sequences and using them as a guideline to trade the other instruments within the same group and sometimes within other groups also. In other words, we are able to use the correlation among instruments to pick the right timing to enter the trade. We have developed a system as like many others, we have fallen victim to the suggestive nature of the Elliott wave Theory. It is almost impossible to trade based in the Theory alone and it gets even more difficult when you are trading based in the Theory alone and without correlation i.e. analysing and trading instruments in isolation rather than using correlation and One Market Only concept.  Our system divides the market in groups and within the groups we locate the instruments with a better structure, we locate the cycles and sequences and then identify the areas in which the market should turn, we call these areas ceilings or floors. This technique helps tremendously with the timing both as a forecaster and trader and without this technique, it’s extremely difficult to trade using the Elliott wave Theory. The difference now compared to when the Theory was developed is that now, we are able to see many instruments as compared to only a few before so why not taking advantage and use groups and correlation to get an edge in the market.

Most World Indices dipped early in the year and $IBEX entered the correction early in 2017, we knew that $IBEX was the Floor and we told members to wait for the Index to reach the Floor to gather the timing in World Indices to end their respective corrections.

Below is the Daily chart of $IBEX at 1.2018 when the Index was doing a (X) wave, we were calling lower knowing the rest were about to peak.

IBEX Daily Elliott Wave Analysis – Market Timing – January 2018

Elliot

Below is the $FTSE Daily chart at 1.2018, we knew have reached the Blue Box and a dip was about to happen, it was only a matter of time.

FTSE Elliott Wave Analysis – Daily Time Frame – January 2018

Elliot

Here is the latest chart of $IBEX showing the bounce from the Blue Box after reaching the floor. Blue box represented the buying area from where we have already seen a reaction higher and any longs from the blue box should already be in a risk free position now.

Elliot

Here is the $FTSE latest Daily chart showing the reaction higher. $FTSE Index is about to break above the previous peak seen in January 2018 and a break of that peak would be the confirmation that next leg higher has started. To know the targets, check out this blog about $FTSE leading the World Indices higher.

Elliot

This is a text book Market timing and understanding Market nature which without is impossible to ride the Wild Horse named Market. The Reason why Indices like $FTSE have been rallying since early February have nothing to do with Fundamentals or anything else, it is all about the Timing which in this case was $IBEX, We hope you guys understand our ideas and become a better trader understanding that nothing is perfect, but having a system help a lot and understanding the nature even more.


 

Become a Successful Trader and Master Elliott Wave like a Pro. Start your Free 14 Day Trial at - Elliott Wave Forecast.

FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.