Tag: Elliott wave analysis

Using Fibonacci Symmetry To Layout Your Trading Battleplan

Posted on by The INO.com Team

Are you under the assumption that if a trading plan is not an A+B=C, formulaic approach then it's useless? Join me in this 6-minute video as I explore a subjective approach to the markets used by some of the greatest living traders. I'll show you that interpreting data and making the best possible decision is your primary goal in trading. And if a plan goes wrong, and many times it does, how to lay out a contingency plan to protect your capital.

Using the tools of the wave principle and Fibonacci I analyze the NASDAQ 100. Specifically, I look at symmetry at work in the markets and how to act right now.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

S&P's Stabilize, But Is The Low In?

Posted on by The INO.com Team

The S&P rallied a jaw-dropping 60 points during Wednesday's session and left many traders wondering if the lows are in? Using eSignal software, I dive into the price action and outline the exact boundaries that should contain this "recovery."

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

I Was The Most Hated Guy On CNBC Today

Posted on by The INO.com Team

I pulled some of that Fibonacci voodoo that we do on Apple and if the uptrend support does break around $96, Apple is headed into the lower 80's.

I did a video for CNBC.com and they tore me to shreds in the comments section. The last time I got this kind of reaction was when I said oil is headed towards $26.00 while trading $41 at the time.

From there we take a look at our options positions in the S&P and AMZN.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

GPS vs. Road Map: Which Works Best? (Part 2)

Posted on by The INO.com Team

By: Elliott Wave International

Think of Trading and Investing as a Trip

Here's my advice: View the Elliott Wave Principle as your road map to the market -- and your investment idea as a trip.

You start the trip with a specific plan in mind, but conditions along the way may force you to alter course. As I mentioned earlier, alternate Elliott wave counts are simply side roads that sometimes end up being the best path.

Elliott's highly specific rules keep the number of valid wave-pattern interpretations to a minimum. Usually, you would consider the "preferred count" to be the one that satisfies all three of Elliott's rules and the largest number of guidelines. Your top "alternate" is the one that satisfies the next largest number of guidelines, and so on.

There are only three hard-and-fast rules with the Wave Principle: Continue reading "GPS vs. Road Map: Which Works Best? (Part 2)" →

Here's The Options Trade For A Major Gold Reversal

Posted on by The INO.com Team

Volatility is exploding in the markets setting up a major short squeeze in gold. We've identified a key Elliott Wave and Fibonacci support zone that's being used as a launch ramp. We put together an interesting option play that will protect us from the downside with a small profit, but yield a major profit on a rip higher.

Let Todd Gordon of TradingAnalysis.com take you through his plan for the gold.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon