Elliott Wave Trading Made EASY, Profitable Tradingview Indicator | Become a Profitable Trader

Become a Profitable Trader using Elliott Wave, how to use it as a trading strategy, as forecast trends on Forex, crypto and stock market. Then I code a tradingview indicator.

🤖The Optimiser TradingView🤖

♦️ Other DaviddTech Media Channels:

• What is Elliott wave theory and what is Elliott wave analysis
• What are impulsive and corrective waves and what are pullback price structures
• How to draw and how to use Elliott waves and where to start Elliott wave count
• How to make money trading stocks and Forex market using Elliott waves (on different trading platforms: Tradingview, Thinkorswim, Webull, Metatrader 4 etc)

The Elliott Wave Theory is based on the theory of the Fibonacci numbers, which sum to the next higher number. This theory was first published in 1935 by Ralph Nelson Elliott. Today, thousands of traders, investors, and portfolio managers use it to guide their trading strategies. This principle describes mass psychology and how it affects markets and the behavior of stock prices. The study of the financial markets using Elliott's model helps investors understand the behavior of the market.

The theory of Elliott Waves has been used by professional traders and investors since its invention. They are a type of chart pattern that starts before the market opens and ends when the trend reversals. Unlike other trading systems, these waves start and end before the market opens. In addition to that, they can start before the market opens, at a point of reversal, or after the market closes.

The Elliott Wave theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology.

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Timestamps:
00:00 Intro
02:56 Learn Elliott Wave
06:20 Rules of Elliott Wave
07:20 Live Example of Elliott Wave
09:00 Fibonacci and Elliott Wave
13:30 The Coded TradingView Indicator
14:10 Thomas Demark therory
15:00 My Thoughts
#trading #strategies #elliottwave

DISCLAIMER (read it please): Leverage trading is ONLY for EXPERIENCED TRADERS. If you Trade with a BOT from 3Commas on Bybit it does NOT mean you have no risk. You can still lose money if the Bot suddenly gets unprofitable.

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[Arjun.Trades]

Your first impulse is wrong. Wave 4 is going into wave 1 price area

[anvil]

but wave 5 is longer than wave 3? it negate one of the rules?

[jeremiahhall]

As someone who has yet to find an accurate video on yt regarding in depth analysis on EW Theory, this was another disappointing video.

First: You began the video by saying you've read every EW Theory book. Any GOOD book on the subject would tell you to never use the word "predict" when it comes to the market. It's even despised. Using "anticipate" would be much better in terms of accuracy of the words definition and your psychology. Nothing in the market is guaranteed.


Second: You CLEARLY stated the most basic rules of the theory which anyone can find on the internet. Then proceeded to break them in your first example!!!! Wave 4 overlapped wave 1 completely. Your example is actually a bullish ABC retracement with your labeled wave 3 being the A of the entire wave. You can go back and use the Fib and I bet wave B would be in the golden ratio.

I'm not saying you are completely wrong on your strategy, however please try not to spread false information. It's frustrating to see and unfair to those trying to learn.

[PAULDEANO]

Four to five is longer than two to three, I thought two to three had to be longer than four to five or am I mistaken?

[rogerhall]

The 4 wave overlapped the 1 wave in the very first example though. Isnt that against a rule?

[DaviddTech]

Elliott wave book is upside down I know it was a joke lol ... I'm a much better coder than a comedy guy.

[ddubsr]

Dude help me out because I can’t tell if this is a prank or if your being serious. You CANNOT have wave 4 go into price territory of wave 1. That’s basic fundamentals so this entire count is wrong and invalid

[josephreece]

I'm tempted by your patreon. Have you turned your scripts/strategies into actual EAs that can complete the trades automatically?

[aknorbert]

Hi Davidd, how does one know, if an Elliot Wave is likely to come next in a live trading scenario?
In Min. 9 you say sth. like: We make our entry here at 1 and take our profit... etc.
But in real life I would not know what is coming next. Or do I actually wait for 1, 2, 3, 4, 5, A, B and then enter, as I am predicting that C is likely to come next? Sorry, but I am a bit lost here. Thanks for helping out. Cheers

[ulsesAmbro]

Es posible que publiques alguna versión gratuita o una explicación de cómo implementar el código?

[bangkokskater]

good on you for reading those EW books!

[lukaszsuski]

Hi David, It looks well Mate, I can't wait to test it.Well done Man, have a good one,

[mccartneybedim]

friend, with 3k usd on average, how much would I do with your strategy?

[mapap]

your wave counting is incorrect beqause wave 4 has overlap with wave 1

[aahh]

Do you have any 1 hour indicators you use?

[razza]

Hi Davidd, could you take a look at trend meter? I believe your touch on the indicator could generate a lot of profitable trades to the community 🤔✊ big respect for your work

[thelibamaster]

Absolute genius! Appreciate all your hard work. 🙏

[jimmyhook]

Cool, but I only trade using Idiot Wave theory. 😏 Seriously, awesome job, David!

[InAndOut.]

7.22 WAVE 4 on The wave 1 territory😂🥳🚀🐣😆

[RAjenRao-vi]

This is wrong as 3 has to be longer than 1 and 5. It is not longer than 5.