Jan 312014
 

There have been a few requests for publishing a record of the trades that the members of the Exclusive Club shared. The following is the complete list of the trades closed in January 2014. As you can see, I am very selective about the trades. The aim is to become rich slowly! WaveTimes is used by members as a supplement to their normal investment and trading activity. And because we are willing to be patient, we are successful most of the time. In January 2014 it was a 100% success rate.

Here is the link: http://tinyurl.com/WTJan2014

Jan 282014
 

You would have heard about the disappointing news from Apple. Wonder what Elliott Waves tell us about the extent of possible downmove? Take a look at the chart below. In after hours trading on Monday, the stock was already around $506. There is some mild support around 503, but think the correction of the sell off will probably come from around 497. Later on, though, we will see the decline continue to around 485. You may wonder why I have chosen to label the just completed rally as a C wave and not a 3rd wave. As you probably know (especially if you are a member of the exclusive club), our goal is to make money from the markets using Elliott Waves. Hence, I am flexible with the wave counts. However, take a look at wave B. If that was wave 2, it is a deep correction. So wave 4 should be a shallow correction, finishing near 503 and rallying again. This could still happen, but I doubt it. Too many people have been hurt by this surprise, and in any case, the broader market is looking decidedly cagey. Will investors pile on to snap up Apple stocks at 503? They will do so only if they think this latest earnings report is a one-off bad number. But many people will begin to suspect that the future is more uncertain than what they imagined last week! And that is only going to pressure the stock in the near term.

Dec 312013
 

As 2013 bows out and we welcome another New Year, I present you with some of the interesting stuff we looked at in the Exclusive Club in recent months. You might recall that I have already published some trades that went wrong. There is honesty, transparency and fair play in everything that we do. These charts below are just samples, by the way. In the real trades, I have shared as many as 36 charts in a recently closed NIFTY trade. We had our minor setbacks interspersed with trades that performed really well. If one uses Elliott Waves effectively, there are terrific rewards to be had. I usually tend to err on the side of caution, but those who got in at the levels I recommended for many asset classes and stuck with the original stops have had a fantastic run. Trading is all about taking a series of risks where the winning trades give you a very big cushion to handle the losing trades. Let us all look forward to a rewarding 2014, and I wish each and every one of you the very best of luck.

*Crompton Greaves (28 Nov 2013)*

“We are probably going to find some resistance between 129.40 and 130.80 and come off to between 117.80 and 121. The target is around 138.00. So we will look to buy the next dip.”

 

 

 

 

 

 

 

 

 

 

*Nike ( 8 October 2013)*

“Now this is what I am planning to do. Buy some near 70.50 and be willing to add at 69.00. Stops at 68.45, or risking $1.30. The minimum target is a retest of the recent highs above $75 so we will get a risk-reward trade off of at least 4 to 1.”

 

 

 

 

 

 

 

 

 

*Crude Oil ( 25 Nov 2013)*

The idea was to buy at 91.60 and the low was 91.77 from where it went all the way to above $100.”

 

 

 

 

 

 

 

 

 

 

 

 

*Launch of consulting service*

In addition to this free blog that aims to teach you how to use Elliott Waves, what many have come to know as the ‘living book’ that supplements ‘Five Waves to Financial Freedom’, I have been running the wavetimes.net website where members receive some of my low-risk trading ideas. However, there have been numerous requests for help with stocks and commodities that I don’t include in that website. I am delighted to say that these traders can now spend a full hour talking to me where we can go over up to two specific trades of their choice in detail. Check out this link: www.wavetimes.net/consulting

Sep 292013
 

Hello Folks,

When I return from my holidays in the second week of October, I plan to spend more time on this blog. A lot of you have been requesting for more frequent updates, and I will try and squeeze some more time to continue to teach you how to use Elliott Waves. Take care until then. Ramki ( Sao Paulo)

May 022013
 

The stock market provides ample opportunities to make money. All you need to do is to stay alert, and have a watch list of stocks that you wish to be involved in. Typically, these stocks should be well traded, i.e. there should be wide participation in order for Elliott Waves to work. In my Premium Service, we only look at well traded stocks. However, the technique works well in most traded instruments. In today’s example, I will show you two charts of Burnpur Cements. I really dont know if this is a well traded stock, but when I was scrolling down the Indian Stocks alphabetically, and managed to reach “B”, this stock looked interesting. So I did some quick analysis and thought of sharing with you. You can see that I haven’t done the extensive analysis that usually goes in to my recommendations. This example is only to show you what is possible if you remain alert, meaning you should not quickly run to the market to buy this stock without doing a full analysis. Elliott Waves works wonderfully well in the stock markets too. However, don’t be fooled into thinking that all you need to know is how to compute a few Fibonacci ratios and extensions. Elliott Waves is more than that. I normally use Fibonacci relationships to confirm my wave count and to compute targets (not the other way around!). With best wishes