Rodo™ Profile picture
Jan 28 7 tweets 2 min read
Since a lot of people seem to not know about it, this is my

#Elliottwave COMPLETE CHANNELING GUIDE:

Let's start with the basic Base Channel
[1/6]
Wave 4 Channel
[2/6]
Wave 5 ENDING CHANNEL
[3/6]
Wave 3 PROJECTING CHANNEL

Previously in the Base Channel we talked about confirming a Wave 3 move, but how do we know where it is supposed to end besides the fib extensions?

[4/6]
CHANNELING CORRECTIONS

Zig-Zag Channels

[5/6]
Flat Corrections Channels

[6/6]
I FORGOT about a VERY important CHANNEL

END OF IMPULSE CHANNEL

That's it. That's all of them.

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More from @yrodos

Jan 29
A lot of people don't know that there are existing modifications/enhancements for R. N. Elliott's original Wave Principle.

One I've been studying and applying for a while is "Harmonic" Elliott Wave.

[1/12] Image
The primary difference between original Elliott Wave & Harmonic Elliott Wave is the impulsive sequence.

Ian Copsey, the creator of HEW, modified Elliott's original impulsive structure believing he found a "harmonic" pattern between waves.

[2/12] Image
As you can see, the impulse sequence in HEW consists of two impulses linked by a correction labeled as "ABC". That, in turn, completes one single Wave 1,3, or 5.

[3/12]
Read 12 tweets
Nov 25, 2021
How to become a profitable trader [thread]

If you've been trying to trade with little or no success for any amount of time, this is for you.

This guide will contain absolutely 0% bullshit, so brace yourself.
To become a profitable trader you need:

1: Sufficient knowledge of TA to predict which direction prices will go to with about 50% accuracy.

You don't need to be a market wizard to be profitable if you only trade setups with high risk-reward ratios (2:1 or above).
2: Proper risk management meaning you must think of a number that doesn't hurt to lose, and then turn it down even a bit more.

This will force you to find good R:R setups so that winners provide meaningful profit whilst losers are tiny.
Read 14 tweets

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