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My Trading Philosophy
By Ramki on October 10, 2008  |  Comments 2

My Trading Philosophy

Its been a long hard road that I have travelled. Many lessons have been learnt, not by paper trading, but by losing real money. I have read dozens of books, and experimented with several methods. One thing is certain. You never cease to learn while dealing with the markets. Somewhere along the road, the fog [...]

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Why Elliot Wave analysis is useful - Part 1
By Ramki on October 05, 2008  |  Comments 1

Why Elliot Wave analysis is useful - Part 1

I use Elliot Wave analysis to give me an idea of where we are in an unfolding move, and also how far that move could go. If there is one important lesson I have learnt in using Wave Analysis, it is this: Your analysis could be the best in the world, but until the move [...]

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Why Elliot Wave analysis is useful - Part 2
By Ramki on October 04, 2008  |  Comments 0

Why Elliot Wave analysis is useful - Part 2

There are certain times when one can be more confident about using wave analysis. One such time is when we are approaching the end of an extending 5th wave, or soon after we start coming off from an extended 5th wave. In my earlier post on the usefulness of wave analysis, I have shown you an example of how I was able to call a 25% down move using SNP500.

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Important Announcement

Thank you for visiting this Blog. This is going to be the last post under the name “Trade with Ramki”. If you liked what you saw here, then you might wish to visit www.wavetimes.com  as well as www.superforextrading.com
These two sites have been created to help those interested in Elliott Wave Analysis. As before, you will [...]

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S&P500 bounce or trend?

S&P500 bounce or trend?

On 3rd March, when the S&P500 was at 700, I had suggested that we should sell our stocks on any recovery to 720 as the index will go lower to 676 and if that breaks we could even see 650. We saw a move to 724 followed by a decline to 666. The subsequent rally [...]

Popularity: 56%

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Elliott wave analysis of Silver

Elliott wave analysis of Silver

A reader has requested for Elliott wave analysis of silver futures. As I currently have access to the cash market charts, I spent a few minutes on that. Most beginning traders are fascinated about how powerful Elliott wave analysis could be if properly used.

Popularity: 54%

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Euro bears suffer short squeeze

Euro bears suffer short squeeze

On 9th March, the Telegraph had warned the common man that the Euro was set to plunge ‘within months’. Typically, most people forget the last two words and only worry about the prospect of a plunge. Fortunately, Elliott Wave analysis of EUR/USD allowed us to recognize some signs that suggested an imminent move higher.

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QQQQ rally will fail soon

QQQQ rally will fail soon

I know a lot of traders have been waiting for some sign of reversal in the QQQQ, and yesterday’s sharp rally will appear to be just that. Unfortunately, the overall trend is still so bearish that we can only conclude that this rally is doomed to fail

Popularity: 55%

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Citi surges 21 percent on CEO memo!

Citi surges 21 percent on CEO memo!

Wow! Citi bank shares have surged a cool 21% in pre market trading following CEO Pandit’s comments that the bank was profitable in the first two months of 2009. What should we do?

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NSEI will likley retest 2260 area

NSEI will likley retest 2260 area

Remember a very important trait of financial markets, folks. Traders are never content with just one test of the lows. You should always look for a second test. Frequently we get three tests before a trend can change

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ABAN Offshore has more room on downside

ABAN Offshore has more room on downside

Despite the surge in volume in recent sessions, the stock has suffered too much damage for its fortunes to turn quickly. So I would use any recovery between 300 and 325 to sell/reduce my holdings and see if it dips below 200. As explained in the accompanying chart, an Elliott Wave analyst frequently sees an extending wave, and has to decide whether it is an extending 3rd wave or extending 5th wave.

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Overvalued euro set to plunge ‘within months’

Overvalued euro set to plunge ‘within months’

Today, the forex markets sat up to take notice of the article in the Telegraph which noted large short positions being taken by traders in the last two weeks. Interestingly, the article claims that the Euro is (ahem)overvalued at current levels.

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Wrong on GBP/JPY

Wrong on GBP/JPY

Well, it was bound to happen sooner or later. A series of good calls suggests an imminent correction is warranted, and I made the mistake of aiming too high.

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