There are four psychological kinds of emotions that drive most individual decision making in any market in the world: Greed, Fear, Hope and Regret. The psychology behind trading is the force that makes the moves in the market. Besides a good Elliott Wave analysis and proper money management, trading psychology is crucial for being successful […]

Here is a quick blog from our Live Trading Room host, Dan Hussey. Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage. The Live Trading Room is held daily from 12:30 PM  EST (5:30 PM BST), join Dan there for more insight into these proven methods of trading.   […]

Preferred Elliott Wave view suggests wave ((X)) pullback took the form of a double three (W)-(X)-(Y) structure. Wave (W) ended at 19665. Wave (X) took the form of a FLAT (3-3-5 structure) and completed at 19820. In our last Chart of the Day update, we said wave Y of ((X)) can still make one more low and test 18805 – 19045 […]

From wave ((x)) low in May 2012, Apple moved in 5 impulsive waves. Wave I ended at 82.16 and is subdivided into 5 waves. Wave II ended at 70.51 and unfolded in 3 waves. Wave III unfolded in 5 waves and ended just beyond 1.618 ext of wave I-II ending at 119.75. and is subdivided into […]