Trading RSI Using Elliott wave theory ( Completed experiments )

2 feb 2019

Now i am just posting an chart where the Largely believed hypothetical theory works if we use only an indicator ??
Yes it works and we have tested it and found out it requires some sort of additional trading rules which suite the Only indicator trading
So Friends i have tested and experimented almost all of the indicators and they work perfectly , No Questions in them

Then Why Majority retail traders take loss ??
Answer might be some unconditional fear , after taking a trade and not waiting for it complete its move
Taking risks that they cant offered to lose ( over leveraging)
and Not understanding the direction of the market in time and want to enter in the middle of the trend ( Hilarious)
and too much of news or Gossip on particular stock ,
all these factors put them in a psychological condition that they either get out before market moves or they take risk beyond their pre-defined stops also pass through latterly they dont put the stop and end up in losing more than calculated risk

Now we have study data which shows all indicators works around 71.04 % while formation of the top or bottom , and they dont work in the middle of the trend so effectively
the data shows it works around 58.11 % on interim reversal with in trend ( mostly an correction in the middle of the larger trend)

What i want to advise is , Take the risk only what you can offered to lose
Use candle stick pattern with your chosen indicator and if possible use Weekly charts in order to select the direction and trade on daily charts or 1 Hour charts if you are day trader
Good Luck