Can you really reach a level of mastery in trading where you consistently win?
I've seen traders who, after years without results, refuse to give up, constantly searching for that winning strategy. But is it really possible? Or will they keep searching endlessly without ever finding success?
It's a tough reality: most traders end up frustrated and with less money than they started with.
To achieve success in trading, you need to tackle multiple aspects and combine them to create a robust system. It’s not about mastering just one tool or concept—you need to work on trader psychology, refine your analysis, and bring it all together at the highest level.
Elliott Waves are a fantastic tool to provide a solid foundation for understanding market price action. They give us the structure, and our job is to find the end of each wave to enter the market with low risk and let winning trades run. This might sound simple and logical, but in practice, it’s a real challenge to do it correctly.
In the video accompanying this article, we’ve prepared a step-by-step breakdown of our trading model, which helps identify the end of Elliott waves. This system has been continually refined over 15 years, with astonishing results.
In our SPX500 trade, we achieved a 1:9 risk-reward ratio by pinpointing the end of wave two. To optimize our entry, we switched to a 5-minute timeframe, allowing us to identify the precise entry point with a minimal stop-loss. This guaranteed a small loss if the reversal failed and a massive risk-reward ratio if we caught the market bottom.
I invite you to watch the video to learn all the details and keep expanding your trading knowledge. Here’s to your continued success in the markets!
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Trading currencies, stocks, futures, and options implicate significant risk of loss and is not suitable for every investor. The quotes of financial markets may fluctuate, and, as a result, clients could lose more than their investment. The highly leveraged of futures trading means that modest market movements will have a greater shock on your trading account, and this can go against your trading capital, that can result in considerable losses or can benefit your trading capital, resulting in significant gains.
If the price of any financial instrument moves against you, you may result in more massive loss than the original money deposited into your account. You are entirely responsible for all the risks from your trading decisions and resources you use and for a trading system that you are using. You should not make any trading decisions unless you understand entirely the nature of the trades (transactions) you are entering into and your exposure to loss.
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Editors’ Picks
EUR/USD extends recovery beyond 1.0400 amid Wall Street's turnaround
EUR/USD extends its recovery beyond 1.0400, helped by the better performance of Wall Street and softer-than-anticipated United States PCE inflation. Profit-taking ahead of the winter holidays also takes its toll.
GBP/USD nears 1.2600 on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and approaches 1.2600. The US Dollar stays on the back foot after softer-than-expected PCE inflation data, helping the pair edge higher. Nevertheless, GBP/USD remains on track to end the week in negative territory.
Gold rises above $2,620 as US yields edge lower
Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
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