QUESTIONS AND ANSWERS

How does it work?

Once your payment is completed, I start the price action analysis of your chart. I'll contact you if I have a question or need more information. It typically takes up to 24-48 hrs to complete my work.

What's the difference between the Pro Analysis and the Monthly Subscription?

Pro Analysis - you receive one written analysis / recommendation.

Monthly Subscription - considering your goals, I proactively monitor your security by setting up custom alerts and keeping you informed about potential trading opportunities. You may cancel your subscription at any time.

What exactly will I receive from you?

It depends on your needs. My communication is efficient to the point that your finalized analysis may only contain a few sentences. I will engage all my expertise and experience to guide you towards the best outcome.

When the pattern is clear, I'll offer recommendations on possible price targets for trading opportunities. The following is an examples of my work:

How long have you been in business?

In the early 2020, I started learning the Elliott Wave theory on a full-time basis. It took me over 10,000 11,000 hours of active study to become a Master Elliottician (according to my judgement). I've also discovered several new Elliott Wave guidelines and rules that have never been published.

Can you share all the new rules and guidelines that you have discovered?

I list some of them here: priceactionhelp.com/elliott-wave. However, I cannot share the most important ones in public as I consider them my trade secret.

Can you elaborate more on your views regarding the Elliott Wave Theory?

In my personal work, I no longer adhere to the classic Elliott Wave Principle because I find it too general and limited in real trading scenarios.

To me, the classic Elliott Wave Theory is an impressive prototype. However, while the wave patterns, phases, moves, and degrees constantly occur in the market and have a fractal nature, they rarely happen in the idealized ways they were presented.

As a classic Master Elliottician, you will be able to follow the rules and guidelines to mark all the charts in the world, but in the majority of cases the labeling will be very inefficient and often unhelpful in trading.

Does it mean the Elliott Wave Principle is useless? Absolutely not! However, in order to truly understand the price action, one needs to go beyond the prototype and discover some other key elements that can work fast in all trading environments.

In addition to the Elliott Wave Principle, do you also employ the NeoWave or the Harmonic Elliott Wave Theory?

The NeoWave Theory is based on the Elliott Wave Principle. However, in my opinion, the author made it too inflexible and complex to apply in real time.

Regarding the Harmonic Elliott Wave, it has some useful practical implications related to the impulse waves.

What types of price charts do you work with?

I prefer to work with individual stocks, ETFs, and commodities, but also have experience with currencies and cryptocurrencies.

What time frame do you work with?

I start researching the data from the monthly chart, followed by weekly, daily, and intraday. I'll suggest the best time frame, if necessary.

What tools do you use?

I always incorporate Japanese candlesticks, trendlines, Fibonacci ratios, moving averages, and momentum indicators in my work.

When I label my charts using the Elliott Wave Theory, I don't use any computer software because it is unable to discern different types of wave personality, wave proportionality on different levels, and the "right look."

Can the price action be bullish and bearish at the same time?

Yes, but almost exclusively in the same time frame. That's why it's so important to wait for the confirming price action to correctly recognize chart patterns.

Isn't technical analysis a complete nonsense?

As one of my mentors would say: "Technical analysis is a language. The more you understand the language, the better trader you'll become."

If technical analysis was useless, trading bots and algorithms run by multi-billion dollar corporations wouldn't exist.

There are some free chart alerts that give buy/sell signals. How is your service different?

These automated alerts simply take a bunch of indicators and read their values; if they are high/low enough, they trigger a signal.

The problem is, they don't provide a context which is crucial in trading decisions. It's like getting a notification about a prize without knowing the winning amount, terms, and the invalidation dates.

Should I use a "stop-loss" in my trading?

In general, I'd recommend against that unless you are a competent trader and try to protect an already-profitable trade. The market always tries to adversely affect investors by running "stop losses" on their positions. One little mistake in your calculations or predictions may cost you a lot of money.

I'm a "bagholder." Can you help me?

I think I can because I've been a "bagholder" myself and I know how it feels to buy high and anxiously wait for the market turnaround.

Probably the quickest way of breaking even on an unsuccessful trade is to average down, but only if you are confident it could be "the bottom" and there are no immediate risks, like a public offering or a reverse stock split.

A correct interpretation of price action is critical in avoiding potential pitfalls.

Any advice for new or inexperienced traders?

• Never be in a hurry to take a trade; waiting is also a trading strategy.
• Don't be influenced by social media posts or "pumpers." They often collaborate with hedge funds to lure retail investors into pitfalls.
• Learn your trading tools before investing real money.
• Don't place tight stop-losses.
• Look at a price chart without bias.
• Diversify your portfolio.
• Always consider selling when in profit.
• Be patient if you are a "bagholder" and avoid "averaging up" unless in a bull market.
• Remember that price action precedes the news and indicators.
• Trade in harmony with the bigger trend.
• Use higher time frames on your charts to have a more accurate market image.
• Divergences in price and oscillators (RSI, Stochastic, MACD, etc.) are not "immediately actionable" buying/selling signals.
• Monitor both linear and logarithmic scale in your charts.
• Avoid picking tops and bottoms as this is the surest way of becoming a "bagholder."
• Don't buy calls or puts unless you are an advanced trader.
• Don't rush to invest in an IPO stock as they tend to be shorted for a long time.
• Don't fall for the "buy and hold" strategy unless you monitor your investments closely.
• Recognize that sometimes the most profitable position is no position.
• Don't blindly follow the crowd; the market tends to do whatever affects the most people in a negative way.

Do you offer consultations on the classic Elliott Wave chart labeling?

Yes. I can check your work and give guidance on proper implementation of the classic Elliott Wave Principle adhering to all the rules and guidelines.

Advanced traders, trading software engineers, and institutions may use my service to confirm their labelling or devise an alternative wave count strategy.

Feel free to send me an email for a quote.

Why should I trust you?

When I do something, I make sure it's done right to the best of my knowledge or not done at all.

Who will assist me if you are unavailable?

My job requires me to be online every day, but in case of an emergency my good colleague and a professional currency trader will help you out.

Do you offer money-back guarantee?

The nature of my work is research, so my service is non-refundable. Of course, I will not always be correct in my forecasts, but I believe the odds of success are greater than average.