Live Day Trading Case Study: Nasdaq Index [2G4gqkAMJy6]
Watch as WaveBasis creator Stephen Simmons demonstrates how to use WaveBasis and the sound principles of Elliott Wave analysis to anticipate, plan, and execute a short-term, counter-trend intraday trade (or “scalp”). This demonstration touches on several key topics, so you will learn: - How to determine and use long-term market context - Aligning your trades with Elliott Wave probabilities - Anticipating rally reversal - Coherent analysis across multiple timeframes - Trading objectively without emotion - How to let the market come to you, rather than chasing it The example uses Nasdaq index futures and walks through an actual trade plan that took place over the course of January and February 2024. This is an advanced strategy. The video is accompanied by the text stream of conversation that took place between Stephen and a colleague as they worked together to architect and execute the successful trade strategy. You can find the document here: The text stream includes all of the charts that Stephen shared during the conversation which can be loaded directly into your WaveBasis workspace. Powerful stuff! UPDATE: Since this video was created, Stephen and his colleague have both repeated the same trade strategy twice on the Nasdaq index, earning profits both times. Sign up for a 14-day free trial of WaveBasis! (no credit card required):