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Dan Holy Profile picture
Dan Holy
@dantheholy
Markets speak with their silence: tread stealthily, move unseen. Operate with consistency, discipline, and faith.
Jun 14, 2021 • 9 tweets • 4 min read
Elliott Wave Theory - Motive Wave Rules:

-Wave 2 never retraces >100% of Wave 1
-Wave 4 never retraces >100% of Wave 3
-Wave 3 always travels beyond Wave 1
-Wave 3 is never the shortest of either 1,3,5.

The goal of a Motive Wave is to make Progress. Image Elliott Wave Theory - ZIGZAG Corrective Wave Rules:

-Made up of 3 waves (A,B,C)
-Internal Wave Sturcture: 5-3-5 always
-B-Wave must not retrace >100% of A-Wave

The key is knowing the end of the C-wave:

-Await lower-degree 5 wave move reversal - likely marks birth of new Wave-1 Image
Feb 21, 2021 • 6 tweets • 3 min read
Divergence Thread.

The ability to spot divergences is an enormously valuable tool in the Trader's arsenal.

This thread's focus is on RSI divergences. Concepts apply also to MACD, OBV...

Covers three types:

-Bullish Divergence
-Bearish Divergence
-Hidden Divergence Image What is Divergence?

-Were price to move in a certain direction, the expectation is that the oscillator will also move in such a direction.

-However, if the movements of the oscillator start deviating from those of the price, we get Divergence. Image
Image
Sep 21, 2020 • 14 tweets • 3 min read
My trading mistakes and how I corrected them.

A megathread.

By Dan Holy.

Wanted to share with you the mistakes I made at the beginning and how I changed my ways.

This is as honest as I can be.

Enjoy :)) I opened my first account.

Excited. Hopeful. Wide eyed.

I craved greatness. I still do.

But I had no idea what I was doing.

At this point, with hindsight, I would class myself as a danger to myself financially.

And what's the word for that?

Oh yeah,

liability.
Sep 17, 2020 • 4 tweets • 1 min read
Macro outlook:

Europe looks set for a second wave of covid. Watch your index trackers. Lockdowns will hit global stocks again.

Watch for London reaction.

I'm personally beginning to reduce exposure to equities again.

Pharma stocks love a lockdown though. Watch closely. -UK currently has local restrictions on 9 million people.

-France is setting records for daily cases.

London stocks didn't even recover half their losses from previous fall.

I don't like where this is heading so will today be placing protective measures on my capital.