Elliott Wave Price Action Course | Wave Trading Explained (For Beginners)

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  • Опубликовано: 15 май 2024
  • Discover a price action trading course using Elliot waves to forecast trends on Forex & stock market. In this video you’ll learn:
    • What is Elliott wave theory and what is Elliott wave analysis
    • How to draw and how to use Elliott waves and where to start Elliott wave count
    • What are impulsive and corrective waves and what are pullback price structures
    • How to make money trading stocks and Forex market using Elliott waves (on different trading platforms: Tradingview, Thinkorswim, Webull, Metatrader 4 etc)
    • What are Elliott waves and how wave trading works in Forex and stock market
    • How to read price action using Elliott waves (how to buy and sell using Elliott Waves)
    • How to interpret Elliott waves when trading stocks (Elliott Waves explained for beginners)
    • How to correctly count Elliott wave patterns (in a trading strategy)
    • How to identify trends and take signals using Elliott wave theory and simple price action (with examples)
    • How to take long and short positions with Elliott waves
    • What are the best signals offered by Elliott waves
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Комментарии • 468

  • @TheSecretMindset
    @TheSecretMindset  3 месяца назад

    ► Join TSM Academy: thesecretmindset.podia.com/academy
    ► FREE TradingView Pro with BlackBull Markets: go.blackbull.com/visit/?bta=35247&brand=blackbull

  • @khairilanwarmasri5785
    @khairilanwarmasri5785 3 года назад +160

    A 300-page text book simplified into a 10-minute video. Impressive!

  • @chrismaclean9919
    @chrismaclean9919 3 года назад +2

    Never knew how to make little earn on trading until I started watching these videos...

    • @majidshaw34
      @majidshaw34 3 года назад

      That's good, I've not even started making any earnings, lol

    • @aaravishnak8633
      @aaravishnak8633 3 года назад +1

      @@majidshaw34 actually trading on your own can't give you what you need

  • @simoneneft3286
    @simoneneft3286 3 года назад +19

    golden lesson! must watch it few times to fully assimilate all the tips! THANKS

  • @futureisamazin
    @futureisamazin 3 года назад +7

    As a professional, I am pretty lucky mentally to understand Elliot wave theory reasonably well!
    Another excellent presentation!

  • @amgcadence7676
    @amgcadence7676 3 года назад +181

    your chart colours and editing make this so enjoyable to watch and learn, it's not boring at all :) thank you

    • @TheSecretMindset
      @TheSecretMindset  3 года назад +8

      Glad you enjoy it!

    • @TourodaBMF
      @TourodaBMF 2 года назад

      Convido você para aprender PRICE ACTION AVANÇADO, sem essas porcaria de SETUPS e INDICADORES🤩 !

    • @pspcustomfirmware
      @pspcustomfirmware 2 года назад +1

      Boring..? How are charts ever boring???

    • @amgcadence7676
      @amgcadence7676 2 года назад

      @@pspcustomfirmware I think it’s just personal preference, it’s like when people personalise their workstation just to lift up the vibe

  • @christyseifert4430
    @christyseifert4430 Год назад +18

    Great video. This really helped me wrap my head around Elliott wave as someone just learning this. I screenshoted these images and created a file/album on phone to refer back to as repetition is the mother of skill

    • @TheSecretMindset
      @TheSecretMindset  Год назад +2

      Glad it was helpful!👍

    • @KashanA
      @KashanA 11 месяцев назад

      Still trading? Did this helped?

  • @NikoInc
    @NikoInc 3 года назад +14

    Thanks for covering the Basics, This video truly simplified the Elliot Wave for me and gave me some basic rules to follow so I can backtest based on how I understand the Elliot Wave. Looking forward to the advanced Wave concepts also.

  • @TheseusTitan
    @TheseusTitan 3 года назад +26

    Rule one where wave 3 cannot be the shortest wave is correct. The next part that was stated is incorrect. That wave 1 or 5 cannot be longer. Wave 1 could be longer than wave 3 if wave 5 is shorter than wave 3. Wave 5 could be longer than wave 3 if wave 1 was shorter than wave 3. The rule is simply that wave 3 cannot be the shortest wave.

    • @holden5082
      @holden5082 2 года назад +3

      This is correct, thank you for adding it.

  • @crashcourse3155
    @crashcourse3155 3 года назад +254

    you talk like your reading a murder mystery for an audio book

    • @TheSecretMindset
      @TheSecretMindset  3 года назад +68

      In all fairness, trading is a mystery for most people

    • @rk092
      @rk092 3 года назад +6

      haha, so true

    • @crashcourse3155
      @crashcourse3155 3 года назад +12

      @@rk092 just needs mysterious background music "which way will the wave go?" :music intesifies: "it tanks 15% in ten minutes!" AAAAAAAHHHHHHHHH. :jump scare music enters here:

    • @ItsNorth
      @ItsNorth 3 года назад

      @@crashcourse3155 genius

    • @ChadFi
      @ChadFi 3 года назад +1

      sounds very angry - I want to watch it, but can't stand the tone.

  • @jonasherman9195
    @jonasherman9195 Год назад +4

    Amazing video, very clear explanation and amazing use of animations! Good job!

  • @nakamaveedz
    @nakamaveedz 2 года назад +3

    I felt the editing skills, patience and effort for this one.. thanks bro you and trader DNA help me understand Elliot wave

  • @businessguide6219
    @businessguide6219 3 года назад +29

    Officially, you're one of my favorite RUclipsrs out here!

  • @doubleedge8982
    @doubleedge8982 3 года назад +6

    It´s cool that you covered that topic, its still complicated for starters since there are many expections and you need to see the patterns int the charts. However, if you master the Elliot waves, you can make tons of money with it especially since it works in all markets, be it crypto, forex, stocks or even oil

  • @aseemshetty6975
    @aseemshetty6975 3 года назад

    Was waiting for this from you

  • @jenny120706
    @jenny120706 3 года назад +3

    It's very educational. Have been using Elliot wave. After wave 5 and the chart looks like it's doing a U-turn, I'm always patient and wait for the pullback or I take short and put TP in front of the previous low. So far it's profitable. Good luck trading.

  • @KK-yt2pt
    @KK-yt2pt 3 года назад +17

    Excellent introduction. You are 100% correct when you say the easiest thing about EW is the theory. The subjectivity of the application can make traders crazy. It's not... "RSI is oversold at a key support level just above 200ma anddddd! there's a pinbar." However... elliot wave can at least give you an overall idea of where price appears to be going. If it makes sense... I don't like EW, but i'm fascinated by it. It's one of those things that can really help you ride a nice swing if you know what to look for. I look forward to the advanced videos.
    As always thank you for the great video.

    • @drek273
      @drek273 3 года назад +1

      Subjectivity is the biggest part of it fr. It’s advanced. But I feel like this could work with serious dedication on this technique

  • @jamespaul4618
    @jamespaul4618 2 года назад

    Hello. I am subscriber to your channel.
    Your insights and explanation of Elliot Wave for 'beginners' is excellent.
    I have learned more about EW watching your video than from any other person.
    Your insights are greatly appreciated.
    I find most people on You Tube only "PARROT" what other people have said and they get lost in trying to explain wave counts and 'flats' 'zig zags' and 'diagonals' patterns therefore they FAIL to add any real value or add any new information or explain how to apply the concepts.
    YOU are the exception. Your video is easy to understand and offers practical step and easy to follow rules. You are a great mentor/teacher.. Your efforts to produce high quality videos is greatly appreciated.
    Anyone struggling to understand basic EW concepts this is a must watch video.

  • @apathyreview3964
    @apathyreview3964 Год назад +2

    Exactly what I was looking for! My man!

  • @joshuaabraham1663
    @joshuaabraham1663 3 года назад +3

    Well appreciated. I'm looking forward to the complicated, application aspects.
    Good work!

  • @benjaminhadden9519
    @benjaminhadden9519 3 года назад

    This video is so well done! thanks for your time

  • @crosselen9766
    @crosselen9766 2 года назад +1

    I think out of almost all trading videos I've watched, this video is so compact and easy to understand. Thank u very much

  • @jasonj2570
    @jasonj2570 6 месяцев назад

    I love the structure of the video, thanks man!

  • @EthePrequel
    @EthePrequel 2 года назад +1

    I don’t even wrap my head around how much detail was put into this highly engaging, informative, and exceptionally explained video. And now I understand the theory!!! Time to go charting

  • @jimfryar1
    @jimfryar1 3 года назад +2

    Man, you are THA BOMB!!!
    You explain, and simplify things so well!!
    Please please keep the vids coming, maybe a deeper explanation of the Elliot wave, either way...THANK YOU BROTHER!!

  • @naingsoeoo4205
    @naingsoeoo4205 3 года назад

    Precious lesson! Thanks a lot sir!

  • @Eririri
    @Eririri 3 года назад

    Nice voice and good video! thank you!

  • @stevewhatever
    @stevewhatever Год назад

    Helpful is not even enough, this is by far the best video ever, I'm entering with full confidence, Thanks

  • @marcuswynn1448
    @marcuswynn1448 2 года назад +8

    I had just watched a nearly two-hour seminar by Robert Pretcher explaining what you so concisely packaged into nearly 11 minutes. Well done. I look forward to learning more from you.

    • @TheSecretMindset
      @TheSecretMindset  2 года назад +2

      Glad it was helpful!

    • @marcuswynn1448
      @marcuswynn1448 2 года назад

      @@TheSecretMindset it changed how I view the charts. I can “see it”. Thank you.

  • @fxpipcollector
    @fxpipcollector 2 года назад +6

    It's so nice to see other know how to use elliot wave properly. All you really need to know is the difference between and impulsive wave and a corrective wave. Keep it up. 👍

  • @BELIEVEINHEART
    @BELIEVEINHEART 2 года назад

    So clear ! Thank you for this

  • @musicalbirds2928
    @musicalbirds2928 Год назад

    Great explanation. Thanks for sharing.

  • @misstarzan124
    @misstarzan124 16 дней назад

    This is an amazing and well explained video! Thank you very much!!!

  • @iammdt4271
    @iammdt4271 2 года назад +2

    Great video thank you - very new to this and found this wonderfully easy to understand.

  • @NativeGod
    @NativeGod Год назад

    I’m going to watch this over and over till I master this simple shit. Thanks man.

  • @noelghallager4672
    @noelghallager4672 3 года назад

    great video! thank you

  • @dragounian5567
    @dragounian5567 3 года назад +4

    Great video. Really looking forward to future EW guides!

  • @olukunledada3472
    @olukunledada3472 9 месяцев назад

    Detailed explanation ❤

  • @hfleuryhfleury5139
    @hfleuryhfleury5139 3 года назад

    What is video editor you are using I like so much about the transitions and how u point with dinamic circles!!! Plz ? It is adobe premier?

  • @IsaacSamo
    @IsaacSamo 3 года назад +5

    finally :) Thanks
    ...is Anil Mangal here? :)

  • @tradingbeacon6469
    @tradingbeacon6469 3 года назад +4

    I've always wondered about Elliot Wave Theory and how good it is

  • @acegibson9533
    @acegibson9533 2 года назад +13

    Great video!! The Elliot Wave is the real deal, but you have to be patient and PRACTICE, PRACTICE, AND PRACTICE. The more charts you look at and analyze, the better you are going to be.

  • @CoachPegasus
    @CoachPegasus 3 года назад

    THANK YOU !!!

  • @a.santos3913
    @a.santos3913 2 года назад

    Perfect bro, very objective and practical, I understood perfectly everything that was said.
    The subtitles in Portuguese sounded awesome!

  • @philipchin3589
    @philipchin3589 Год назад

    thank you sir, you have been a very generous instructor, thanks

  • @BitPinasTube
    @BitPinasTube 3 года назад

    Thanks!

  • @a123reh
    @a123reh 3 года назад

    Excellent video.... Thanks.

  • @gashtyarchyman7544
    @gashtyarchyman7544 Год назад

    thank you man

  • @greatease2159
    @greatease2159 3 года назад

    Nice
    Keep it up💥

  • @persianprincess90
    @persianprincess90 Год назад

    Thank you so much. Awesome as always! 👍🥰
    And you have such a cool voice btw. Perfect for narrating and matches your channel name. It makes us feel you are really telling us some serious "Secrets" about trading! 😃😎
    Please keep up the good work. 🙏🎉

  • @MarkEm
    @MarkEm 3 года назад

    THANKS BROOOOO!

  • @simonnderitu7457
    @simonnderitu7457 9 месяцев назад

    great work thankyou

  • @jeanandrewfuentes2995
    @jeanandrewfuentes2995 2 года назад

    Thanks!
    Great eye opener

  • @Memories110
    @Memories110 3 года назад

    amazing and many thanks

  • @nahueltolosa7373
    @nahueltolosa7373 2 года назад +4

    Congratulations on the excellent class. A very complex topic that takes a lot of time.
    Fortunately, having you as a teacher was very well explained and easy to understand.
    Adding Eliot waves with its classes of Pullback, Types of channels, Cycle of Wyckoff, Demand and Supply, PIN BARS, Candles Patterns, Divergence of indicators and correlation of 3 TIME FRAMES I have had VERY GOOD RESULTS.
    You simply gave us the tool to succeed in the financial market. Thank you teacher.

  • @polisha9493
    @polisha9493 3 года назад +1

    A 10 minutes video that i enjoy watching entirely without a 1.5 speed, lol , great job, you are in my top 3 best financial youtubers.

  • @powerofsharemarket7801
    @powerofsharemarket7801 3 года назад

    You know, you are Superb!!!

  • @jtubestudio6472
    @jtubestudio6472 3 года назад +1

    very helpful

  • @SaiRules009
    @SaiRules009 Год назад

    Nice and simple info on Elliott Waves basics 🙏

  • @ItsDeepakhere
    @ItsDeepakhere 3 года назад

    Much Awaited Video... Thanks for uploading .... I have unsubscribed other channels...Because of the One Stop Solution for Quality Videos...The Secret Mindset ...This is Your Channel Dear Mario...Many thanks for Uploading ....❤️❤️

  • @whatdoyouthing5429
    @whatdoyouthing5429 3 года назад +1

    Hi, can you make video for finding the strong support and resistance for stock market..pleasssseee

  • @statusofforex9097
    @statusofforex9097 2 года назад

    Within the small period of time u explain very important and usefull things ...watching hours and hours reading books aside your ije one video is aside ...u give exact summary of whole topic without leaving any important point...
    Seedhi baat no bakwaas..i like ur channel...
    Keep it up .

  • @RyanMatta
    @RyanMatta 3 года назад

    Just subscribed liked commented! Thank you! Heading to look for the advanced e wave video now!! Great work my friend

  • @ryderpaul9691
    @ryderpaul9691 3 года назад +2

    Best Elliott lesson! ✌✌

  • @deannadacosta4231
    @deannadacosta4231 Год назад

    I heard the voice and knew instantly who it was. Gonna be a great video I just know it

  • @octavianfx7874
    @octavianfx7874 Год назад

    You might want to edit the part about wave 3. Like you said first the rule is that it can not be the shortest one period, it doesn't mean that it must be the longest although usually it is.

  • @YevgeniyTrast
    @YevgeniyTrast 3 года назад

    Can you cover the anchored VWAP ??

  • @anasm3449
    @anasm3449 Год назад

    thank you so much!

  • @Jgriffin0808081
    @Jgriffin0808081 3 года назад

    Killer ass vid, subscribed

  • @raynaldomartine
    @raynaldomartine 2 года назад +1

    Wow! Just Wow! Really sensible lesson. Thank you so much for this. I bought an Elliot Wave book, but I watched your video first. I'll use the book, now, to "fill in the blanks". Again, thank you sir...

    • @TheSecretMindset
      @TheSecretMindset  2 года назад

      Much appreciated! 👍

    • @jaimeantoniopennzolingad1616
      @jaimeantoniopennzolingad1616 Год назад +1

      Hope you could share the name of the book that you have bought. Been searching for a nice book about this concept in a while. Thanks in advance!

  • @hmzamd2223
    @hmzamd2223 3 года назад +2

    This is excellent video, but wave 4 usually retraces back from wave 3 lows to highest point 38.2 to 50% , can you do a video on corrections moves especially wave 4 ? Thanks for the video

  • @elroykrieger2389
    @elroykrieger2389 3 года назад +1

    Will there be more on EW ?

  • @1llokebeats
    @1llokebeats 2 года назад

    Thank you🙏🏻🚀

  • @Kaser
    @Kaser 3 года назад +6

    Thanks for introducing this great concept to this community. I've noticed you said something wrong : the wave 3 doesn't have to be the longest wave, the fifth wave can be longer than wave 3. The wave 3 just needs to not be the shortest of the 3 impulse waves.

    • @asmrfoodieuk7965
      @asmrfoodieuk7965 2 года назад +1

      Pretty sure wave 3 does have to be the longest because that's when the biggest buying momentum is occurring. The trend is ready to end at point 5 so not many people are jumping on here to buy.

  • @Squinara
    @Squinara Год назад

    Mind-blowing

  • @pratikmahajan1318
    @pratikmahajan1318 3 года назад +1

    Amazing content as usual 👏

  • @igustiagungmadearsana2378
    @igustiagungmadearsana2378 3 года назад

    thanks for sharing .. very good video .. thumbs up

  • @RyanMatta
    @RyanMatta 3 года назад

    Wow, that was the best break down of Eliot waves I’ve ever saw! Thank you so much for that!

    • @TheSecretMindset
      @TheSecretMindset  3 года назад +1

      Glad it was helpful!

    • @RyanMatta
      @RyanMatta 3 года назад

      @@TheSecretMindset on a whole new level of helpful. Can you please share the link to the advanced video you talked about? I couldnt find it on your channel? Please and thank you

  • @user-tr5px1ks7l
    @user-tr5px1ks7l 2 года назад

    4:50 am your voice is so soothing to me im falling asleep but this is the first video on the Elliot Wave Theory I finally understand. Thank you!!

  • @Avenged1
    @Avenged1 2 года назад

    Great video!

  • @passiveincome8564
    @passiveincome8564 3 года назад

    very nice explanation.

  • @charlesbandeira4409
    @charlesbandeira4409 Год назад +1

    Very good...thank's bro!!! I'm from Brazil.

  • @nicolaeanton5760
    @nicolaeanton5760 Год назад

    👍😃Good explanations!

  • @surajbora59
    @surajbora59 3 года назад +35

    Will there will be a series on Elliott wave theory?

  • @WIKIKALI
    @WIKIKALI 2 года назад

    Thanks a lot!

  • @panchasanguparakalarajan8948
    @panchasanguparakalarajan8948 2 года назад

    Awesome content and nicely explained. Thank you sir.

  • @jimodonovan3404
    @jimodonovan3404 2 года назад

    Great video thanks

  • @shefrizalsamsuin7247
    @shefrizalsamsuin7247 2 года назад

    amazing.....thank you very much.

  • @overcomejazi7753
    @overcomejazi7753 Год назад

    You are the best

  • @hectorparada3639
    @hectorparada3639 3 года назад

    Amazing

  • @GameGeniusX
    @GameGeniusX 3 года назад +1

    Waiting for Elliott wave part 2 also.

  • @logicaltraders10
    @logicaltraders10 3 года назад

    sir which software used for video editing

  • @angelbeauu4834
    @angelbeauu4834 2 года назад

    Excellent 👌 you

  • @alexanderzulkarnaen5344
    @alexanderzulkarnaen5344 3 года назад

    what is the best time frame for this strategy

  • @billupundit
    @billupundit 3 года назад

    Onnne Elliott wave, twooo Elliott wave, three..a aa aa aah - the Count.
    Thanks man!

  • @reginaldedgardo3530
    @reginaldedgardo3530 2 года назад +90

  • @TinTin-fi9sv
    @TinTin-fi9sv 2 года назад

    You are an amazing educator. Thank you for your work. Which time frame works best for Elliott waves for stocks ?

  • @meAhir
    @meAhir Год назад

    Simply wonderful

  • @issolomissolom3589
    @issolomissolom3589 3 года назад +1

    Excellent video
    Hopefully u can make one on wyckoff theory too
    Both are developed during same time
    Wyckoff will give a better idea in ranging market and elliot will give a better idea in trending markets
    Both are two faces of same coin

  • @kunle_fash4918
    @kunle_fash4918 2 года назад

    this is such an eye opener...now i see d market much better. I No longer trade corrections i gust wait patiently