Principles and Fundamentals of Market (Stocks)
We will explain how to use the principles of market principles (stocks).
First, let’s begin by preparing to use the market principles (stocks)
The market principles (stocks) can output target stock prices for Elliott waves and chart patterns with high precision, whether you output on monthly, weekly, daily, 1-hour, 15-minute, 5-minute, or 1-minute charts.It can output target stock prices for Elliott waves and chart patterns with high accuracyTo use the market principles (stocks), please follow these three steps.Step 1To use the market principles (stocks), first prepare the platform!
To operate the market principles (stocks),Step 2To use the market principles (stocks), import the market principles (stocks) into TradeStation
Next, you need to integrate the market principles (stocks) into TradeStation. For how to integrate,Click herePlease refer to.Step 3Launch the market principles
1. Click the trading app.
2. Any chart that opens is fine, but here we click Chart Analysis.
3. Insert > Indicators and left-click.
4. Select Market Principles and click OK.
5. When Market Principles (Stocks) appears on the left side of the chart screen, you’re done.
Now, we’ll get into how to use the market principles (stocks)
<UI Overview>
First, I’ll explain the UI functions.
Note: If you click an image, the explanatory section enlarges.“BUY,” “SELL,” “Quantity”
“ELLIOT WAVE,” “CHART PATTERN”
Various trigger buttons
Various close-out buttons
Basic system to determine the starting point of Elliott waves
To output Elliott waves using the market principles (stocks),master the basic system firmlyPlease do so. There are also case studies, so please check them.Basic form to detect Elliott Wave 1
Basic, applications, and other cases to detect Elliott Wave 1
https://youtu.be/EdAqWJDSXg4 For applications and other cases,Click herePlease refer to.How to generate Chart Patterns
[video width="1912" height="924" mp4="https://kinchanbbh.com/wp-content/uploads/2019/07/bandicam-2019-07-12-12-24-12-189.mp4"][/video]Rules for entry and exit of the market principles (stocks)
We will explain the trading rules implemented by the market principles (stocks).Elliott Wave entry rules
1. In an uptrend, you cannot enter after crossing above the high of Wave 1; in a downtrend, you cannot enter after breaking below the low of Wave 1. 2. No two-way (hedged) positions are allowed.Elliott Wave exit rules
◆ Partial profit-taking is performed from entry price to Wave 3 target price by 0.7 of the price range (hereafter called the 70% trigger). (Do not apply for 100 shares; apply for 300 shares as 100 shares.) ◆ Upon reaching the 70% trigger, move the stop from the entry price to the midpoint between the entry price and the 70% trigger. ◆ Move the stop to a 10-SMA (simple moving average) at 0.9 of the price range from entry price to Wave 3 target price. ◆ Fully close at Wave 3 target price (only Wave 3 is closed automatically).Chart pattern entry rules
Hedging (two-way positions) is not allowed.Chart pattern exit rules
◆ Partial profit-taking from entry price to the chart pattern target price by 0.5 (no action for 100 shares; apply for 300 shares as 100 shares) ◆ Move the stop to break-even at 0.5 of the price range from entry to the chart pattern target price ◆ Settle at the chart pattern target priceMarket principles (stocks) are available for rent at 5,000 yen per month
Market principles (stocks) are currently available for rent on Gogojan at 5,000 yen per month.
Inquiries, etc.
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