How the Wave Principle Helps You Make Smarter Trades - Jeffrey Kennedy
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- เผยแพร่เมื่อ 11 มี.ค. 2019
- Jeffrey Kennedy is chief commodity analyst at Elliott Wave International (EWI), with 25-plus years of experience as an analyst, trader, and teacher. Learn how to apply Elliott waves and other reliable forms of technical analysis to identify high-confidence trade setups, optimize risk/reward, and carefully manage your positions from open to close.
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#JeffreyKennedy#ElliotWave#InvestSmarter
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Thx , do you sell online course about in depth EW , I’m interest
I really admire Jeffrey. His knowledge on charting is incredible. I’m working on it.
.
Regarding this presentation it would have been great to see what Jeffrey Kennedy is talking about either with a laser pointer or arrows or something....especially when he answered the audience questions. As he is talking you can't see what he is talking about. I'm much more of a visual person. Will always a 5 wave move follow a 3 wave move?
How do you find the bottom of the 4th wave pullback? I find the 4th wave so convoluted sometimes it is difficult to find the bottom. I end up with a drawdown before it begins the 5th wave.
Brilliant video for people with Elliot Wave basics!
Thanks for your time !!!
Great video. Appreciate you!
Thank you!
Great stuff !
Thank you so much, that was a very clear and enjoyable. I found you by accident and I'm glad I have.
been trading 30 years and i help traders for free to become like me
Thanks sir 🙏🏻
For giving such a great knowledge 🙏🏻🙏🏻🌹🌹
I am a beginner in market i learn a lot
Thanks 🙏🏻🌹
This is very helpful. Thanks
What a nice lessons? Thank you guys.
good stuff. being early to the party (aka picking tops and bottoms) can be done if you are an aggressive trader with some sort of plan. your stops tend to be very tight whereas someone who comes late to the party will have to use a very big stop. bigger stop means smaller position and it also means you take too long to be proven wrong, which can be a problem to some people :)
picking tops and bottoms does not make you an aggressive trader , it simply means your a swing trader
@@dennissherman863 wow. if thats what you think swing trading is then i suggest you stay away form these things.
@@ToxxicMafia In professional Trading like if you have worked for a firm, its not the same as retail make it up as you go. Swing Trader plays the weekly key levels against primary trend so therefore executes at value within secondary trend. Position traders execute and defend the deep value key monthly levels and then day traders well there known professionally as scalpers as they close a trade within 7 days. Long term investors is a minimum of 12 months to hold a position. Day Traders are Scalpers by definition, retail think scalpers are measure by small pips and small time in the trade~ that’s not right a scalper definition is that you open and close a trade within 7 days
@@dennissherman863 interesting, but im talking about trading chart patterns. Any chart pattern will have a top or bottom where one can enter before there's any confirmation that the trend has indeed ended, i.e before the pattern breaks out. The same trade can be held for any period of time depending on how far away the measured target is. Trading based on pivot points is something else. In markets like Forex and Indices holding for 7days in defintely not scalping, scalping is nibbling a few points multiple times in a day.
@@ToxxicMafia patterns dont break out key levels do, patterns dont represent value as patterns are lagging, there a representation of what happaned. key levels are predictable as thy frame the market
Setting realistic goals is an essential part of keeping trading in perspective. As a profitable stock trader, you needs to plan your trade, trade your plan and keep you losses to a minimum. Keeping these in mind will greatly increase the odds of succeeding in the market.
Lots of beginner fail because they struggle to follow a trading plan, hence losses.
COVID-19 has turned traditional stock trading wisdom upside down. New trading strategies will be needed for the new normal.
@@noelstout3056 nothing beats a good trading plan, and of course the right skill and strategy.
@@sanjayprashad4695 it’s time for investors to build new narratives, however some fundamentals do still apply.
Trading is difficult, I’ve been trying for months now, and it’s not going as expected. I just keep loosing money.
25:20 amen!
Thank you! This helped me big time!
Please name of the book
thank s for lovely teaching . is there any indicator paid or unpaid we can swing trading from this pattern . anybody please sugest
Great video
I think it'll take a while for me to understand these 5 fundamental patterns. But thank you.
Thank you so much
With the market downturn of 2020, no one knows what the future holds, a properly tested and successful trading strategies are crucial for surviving the financial markets intense competition.
A good trading strategy is key required to make a successful trade
Market downturns aren't much of a problem if investors shift with the market.
I'm interested in stock but i don't know how to go about it. How does it work?
@@rohitmajumdar1579 true, A strategy that aims to mitigate risk and maximize returns should be on the lookout this year.
@@aureliocantos8466 the goal is to generate a steady payouts. in my experience, expertise is a solid factor for exploiting the potential of the financial market.
Thank you. This is so true.
Thanks for this
Watching this while doing technical analysis on a chart and see the perfect setup for the fourth wave pool back. Currently in the second wave about to explode up!
Did it work?
How did it go?
@@editin232 he got wiped out
@@liquidrichard9027 😩😩😩
Jeffrey, It would hv been a better video, if we can see where his pointers are pointing when he referring to .
Great teaching.
Exactly...I get a bit confused whenever he’s illustrating something off the screen.
picking tops and bottoms can be done its my specialty "bread butter" tight stops and multiple entry i might get stop out 3 times before i get the right one its all about risk management
Thanks lot 🙏
really reaLLY HELPFUL
Sir, What works better in spread trading usa indices--mean reversion or trading strength & doing exactly opposite?.My impression is that 3 period RSI is best indicator for trend strength(above 60) & if you can have RSI 3, 7 RSI7,and RSI 14, in one panel & and these all confirm trend, then trade is ready to go for momentum trade. If RSI 3, RSI 7 are both above 60 & RSI 14 is rising(but still below 50)--that also confirms the trade. On larger time frames(1h, 2h,4h, daily) even 2 period RSI gives good countertrend trades. For MTF trading combining 15m,1h,4h periods each with RSI 3 above 60 is good as well. Stochastics shows what is going on inside brains of market participants & RSI shows what they are doing with their pocket $$ presently.
Trying to understand where is the option to register for a course with Jeffrey?. In the video he said he teaches students, so.. where do you sign?
All of our courses that are currently available can be found here moneyshow.com/courses/?scode=051131
Easy translation of EW. tnx a lot
thank you
I understand but practice is needed
A good managerial personnel who knows how to manoeuvre the market can't be overlooked especially if profits are intended to be made as a beginner. I took my time to study the market as a beginner,but it just helped for demo trades,I started growing my ROI properly when I started investing in commodities.
They're accessible too. I used to be subjected to a lot of trading sites restricting my country address on their client opening form page.
How can I get started? I've stayed at home couple months now and I've been looking for a means to use my SSI for more income generation.
You could actively or passively be involved in your portfolio management. Benjamin Fredrick offers a 20% renumeration at the end of a trading cycle. He works under the certification of FINRA.
benfredricky@ gmai| C0m
+44 2030954603
easy to to mark abcd letters post movement. Can u predict future mives starting from the last daily bar?
yes, but not starting from the last daily bar. you find the strong impulses after the big corrections and ride them.
You are awesome. Thank you
Fantastic! 😚 gem-packed tutorial Love the content 歷 really nice! Amazing content! following you
Thnx sir
Put 5 Elliot Wave traders in the same room, and you will have 5 different wave counts.
The Trader Guy but just one gonna get it right 😉
Didn't it said no matter the way, the importance is the result? If you take 5 ew traders, would the result be the same? If it's the case?
Guess what, If you put 5 Support and Resistance traders in the same room, and you will have different supports and resistances
Maybe even six....
Maybe you would, maybe you wouldn’t , maybe you might, maybe you might not, maybe.
Great Video thank you!!
Hi, if you already have EW exprience, this might be helpful. Some good examples but without seeing the specific points ( with mouse pointer ( that he is talking about ) , I couldn't follow the talk. I guess the main point I got was that the Impulse Wave 4 retracement is the best position to take a position. I wasn't sure how he got CONFIRMATION it was indeed Wave 4 retracement ( e.g. parallel lines test is hard to chart for the newbie ).
He charted the abc pattern of wave 4 on a smaller time frame. Wave c of 4 was a nice ending diagonal pattern, so a very good indication that the end of 4 is near. He then waits for a small break to the upside, consisting of 5 microwaves up and 3 down on a 1' chart or so, basically forming a new i-ii of expected wave 5 that indicates that the impulse up is continuing. He enters a long position at the 3 microwaves down for ii, with the stop loss just below c of 4.
No it’s not hard.
Thanks
Great educator but unfortunately it's a seminar and he discusses taking a position 'here' but we don't know where here is since it does not show up on the youtube video. He must be pointing at the chart but you can't see where he's pointing.
Awesome talk. Thank you.
People. Cough at all indicators. Only follow price action, watch how price works over time. Study elliot wave and fractal patterns, it will help you.
Follow current economic news and decide what to do according to them.
This was very interesting... must study EW
EW is very easy my favorite is 5,3,5 after that impulse will come😀no magic no tricks but knowledge.
thanks
Nice one
Outstanding.. U r a real trader... I like to watch this video 100 times.. It is 2nd only.
I want automated elliot wave indicator
Reading about elliot wave principle now. Seems very convoluted.
You live in Uae?
I think you can only really try to use this on a big timeframe, because the problem is, you won't be able to identify the patterns until most of it has played out.
If the pattern is only a quarter of the way through or a third of the way through, how can you possibly identify what kind of pattern it is? Can one pattern not suddenly morph into another upon some big news or other deviated price action?
Of course it's easy to recognise the patterns once they're well on the way to completion.
There are ways to identify a new trend in its early phases, study the end of corrective moves and the start of impulsive moves
My own experience is: Strategies like using Elliott Wave makes trading wayyyyyy too complicated. There just is too much subjectivity in this model. Because, it´s not like your trading platform will clearly tell you *_"You are now in the 3rd upward sloping wave of the Elliott Wave"_* - All the videos I have seen about Elliott Wave seem to be so logical - but that is because the chosen examples show the perfect variant where the price patterns follow that wave. In "normal" daily trading - 8 out of 10 times you will NOT see this perfect layout of the "wave". I am not in ANY way claiming that people can´t make money off this - but for me trading needs to be quite simple and with quite simple strategies, otherwise I will have too many parameters to watch when I trade. That is also why I hardly use Fibonacci retracement strategies etc.
Elliott wave is the gold mine for scammers because since it's subjective, there is no way to mathematically prove that it doesn't work, so the scammers can claim they are profitable using it and run their coaching or advisory. It's a huge profitable business 😁😁😁
@@noedits5543 I actually think you´re right 😉😉
@@noedits5543 this hits hard...
What are the waves before and after the waves? This question has never been answered. Why is the letter a in the wave not the number 2 since it is the second down move after an up move. I have struggled to see these waves now for three years. I can't afford to pay a teacher, so I'm stuck to paper forever it seems. Sorry to be negative, just about done trying.
Because all Elliot waves are made up of other Elliot waves.
Its basically waves inside of waves inside of waves inside of waves.
You are amazing. The only thing im going to make fun of because you reminded me of southpark Mr.Mkay
thnks for help
What time frame do you trade in? I am guessing quarterly from the charts you showed?
You can do it in any time frame
20:43... where did he say he would take the position?
It was not showed up to us on the scream. :(
Nice video, but whole life will go by understading this I guess
This is a good video M’kay. I listened very carefully M’kay.
Off to watch SouthPark now M‘Kay. 😜
flat and triangle are elliott wave patterns??? I’ve just known
Seems like at times what Jeff is talking about doesn't "jive" with the slide on the video?
amazing insight.
Try to search for a hormon dopamine outside of trading..
Elliot wave principles by frost and prector
How about some explanations of the waves and the rules to stick with?
read the book
@@magertom1000 exactly. Useless baiting video wasting my time.
@@editin232 not really, I learned a lot. Sorry you didn't.
Does elliot wave theory really work
Love from india
great vid. thx
For simplified marking try Elliott wave manual marking is faster and more convenient.
Very good education
EW any good, is it worth studying?
Is the best to mining with no additional fee needed 📚
3:45
This is the quote from Wittgenstein, not Goethe
great video
It'd be nice if market makers weren't set up to destroy EVERY SINGLE strategy they came up with BEFORE market makers could see EVERY POSITION IN REAL TIME. Nothing works consistently anymore except insider trading.
It's a little depressing to know that Elliot himself didn't make any money trading Elliot Waves!
How do you know this
Elliott wave works but you have to use it in context of the fundamentals and sentiment of the market in my opinion. Like any technical analysis, I don’t believe it works in a vacuum. But it is also 100% false that Elliott doesn’t work. I don’t waste time hyper analyzing and labeling every single move on a chart. Instead, You just have to develop a very good visual ability to recognize ends of trends and ends of corrections. They will jump out at you . If you can do that in addition to learning just the basic Elliott rules and patterns and know what the sentiment and fundamentals are, you will be successful. Looking at multiple time frames is important too to know where the larger trend is. People that say Elliott doesn’t work or think it’s to confusing, Haven’t taken the time to learn it.
@@FuturesBrizio Elliot did not trade with EWP and he did not make any money by trading with his theory. Some trainers and writers made him Guru to sell his theory in the name of EWP.
@@MizanSharif I've heard that conspiracy theory before. That's fine either way, I use it along with fundamentals and sentiment. Works great for me. TO each his own....
@@223costa elliot was an accountant and died broke, the industry loves to push concepts that dont work on retail, so they can fill there pockets with your money
Thank you
This is actually working. i agreed
This wave helps on the basis of Economics
can you share the wave chart for TSLA today - April 24 2021?
Funny
how many days average should we take to read the pattern???
27:47 is zigzag
what will be best time-frame to count the waves
ew is applicable to all timeframes
Assalamualaikum, Elliot waves work more accurately on longer time frames, like a daily, weekly, monthly, or even the 4-hour time frame. It can also work between the 15 and 1 hour time frames but anything less than 15 minutes typically won't work unless you're really zoomed out in the charts.
If you close your eyes and listen. you will be taught EW by Nicholas Cage
😂😂money gone in 60 seconds😂😂
I was thinking Mr Mackay from SouthPark
HA!
Love youtube comments sometimes.
lol thanks
😂 The internet wins again.
Is Truth
Are Impulsive and MotiveWave same?
At 37.18 the answer is just use a calculator and be satisfied with your return
i think without timing references is too complicated
So if Wave patterns are predicable, it begs the question are markets ran and mostly controlled by AI bots and human traders are just the chum in the middle..?
Please complie an algro trading program by deep learning elliot waves with neural network.
don't listen to this guy ! he is talking crap, Elliot was an accountant and died broke, professional traders don't use indicators as they do not work
Dennis Sherman Sooo, what is it in your opinion, that a successful Trader uses? Price action?
@@andrebinder5119 market depth and a clear understanding of how the 5 major banks trade
Dennis Sherman Hm, the Big Five... True. The only problem is, where to get those information from? Any suggestions?
Forex trading helped me in 2019 and has been my source of financial sustenance during this covid19 pandemic
It has been a source of financial aid to many people the rich gets richer while the poor becomes rich
A lot of people thinks that forex trading is only meant for the rich
Out of ignorance many still have the mindset that forex trading is meant for big companies
As a beginner you may lose a lot of fund trying to perfect but that shouldn't be enough reason to stop
It's advisable to make proper research about forex before venturing into the business
What book is he referring to?
It is funny how people want an easy indicator but they don't want to take the long pat and learn trading on the right way, it take years of study, discipline, psychology!! They try it for a week, and think they can make it...lol
What you will learn? Learn how to make Time travel machine to see futures? You will learn about same indicators and strategies only. No one can predict future its all based on your luck.
@@urssekar trading is based on discipline, hard work and self control,work hard in your strategy and apply it to the markets, it's never about luck, if you want to base it on luck is not trading ,it's gambling
@Ulitarism yeah I know you are a billionaire as you put lot of efforts
can you give a lesson ?
Took me years to find this...❤️
👍
His voice is very pleasant to ears 👂😍😍
mmmkey
23:25 look at that trap, it's a 1,2,3 wave, if a trader thinks thats an A,B,C, he is doomed...
he sounds like michael oppenhimer, but I'd take his classes 4x a day
Ummmm okay, we will pick up your shares in the morning!