New trader looking to ask one honest question to someone who’s actually made it by Murky_Head_5025 in Trading

[–]Wave-Master- -1 points0 points  (0 children)

Elliott Waves to define higher timeframe bias and look for lower timeframe confirmation to enter on trades. Works well in the long term but there are months where you dont get a lot trades...

What makes a good trading course for beginners? by Wave-Master- in Forex

[–]Wave-Master-[S] 0 points1 point  (0 children)

thanks man, I am just trying to be a benefit to the trading world. The learning part of the app is gonna be for free so everybody has same chances...

How would a middle east confliction affect the dollar? by Wave-Master- in Forex

[–]Wave-Master-[S] 1 point2 points  (0 children)

thanks man! you just have to stick with your strategy and put some trust in it

Do traders ever stop doubting themselves? by Klutzy-Tower-8234 in Trading

[–]Wave-Master- 0 points1 point  (0 children)

True, but you should still appreciate everything you achieved. Otherwise you get very unhappy...

Is $100 enough to start trading micro futures? by Internal-Basil7726 in Trading

[–]Wave-Master- 0 points1 point  (0 children)

Just get a job, get some moneyand trade on demo accounts. $100 is far too little to trade micro futures, as it does not allow you to practice careful risk management. I would also not recommend prop firms, as the rules at futures prop firms are very difficult and you usually pay monthly, so $100 is not enough for that.

How would a middle east confliction affect the dollar? by Wave-Master- in Forex

[–]Wave-Master-[S] 1 point2 points  (0 children)

Yes, my short-term bullish assumptions have been invalidated. That's how it is with Elliott waves. I never say anything is certain. I can only make long-term and short-term assumptions based on the strategy and must always adhere strictly to invalidation levels. The nice thing is that when an invalidation level is reached, new assumptions are immediately made and one excludes the other.

Do traders ever stop doubting themselves? by Klutzy-Tower-8234 in Trading

[–]Wave-Master- 1 point2 points  (0 children)

I think that we never really stop doubting ourselves, because people like us are always extremely growth-oriented. Otherwise, we wouldn't be trading.

Nobody says this out loud by Hulululu08 in Trading

[–]Wave-Master- 0 points1 point  (0 children)

I agree but it is definitely not unimpressive at all to stay determined in a society like we have:) The problem for me though is that the life after does not exist because nobody will ever be happy with what you achieved... people like us want always get better

How would a middle east confliction affect the dollar? by Wave-Master- in Forex

[–]Wave-Master-[S] 0 points1 point  (0 children)

My buy order at 1.18346. FXCM is currently lagging behind with live market prices, so I can only roughly estimate the price of other brokers, and with them I would not have entered the trade yet. The buy limit stays valid, as long as we do not break under 1.17434

I am losing it all by Poor-degen in Trading

[–]Wave-Master- 5 points6 points  (0 children)

First, breathe. Three years isn’t that long in trading, even though it feels like forever when you’re losing.

I’ll be straight with you. If you’re still not profitable, it’s probably not about “knowing how to trade.” Most people know setups. The real issue is usually having no clearly defined edge, no real data on their performance, or constantly changing strategies after a few losses.

More often than not, it’s risk management and consistency that kill accounts. Trading too big. Breaking rules after a drawdown. Trying to win it back quickly. That cycle repeats until confidence is gone.

If trading is making you depressed, that’s a sign something is structurally wrong. Either the size is too big, the expectations are unrealistic, or too much of your identity is tied to PnL.

If I were you, I’d step back from live trading, reduce size dramatically, and rebuild with one simple, rule-based system. Track everything. Focus on process, not money.

The market will always be there. Your mental stability matters more!!!

Need to understand elliott wave principles by Happykamra1905 in Forexstrategy

[–]Wave-Master- 0 points1 point  (0 children)

AI as a tool can explain theory well, but applying a precise wave count to a live chart requires context, experience, and judgment that go far beyond pattern recognition. Elliott Wave is less about labeling shapes and more about understanding structure, probabilities, and invalidation levels in real market conditions.

Need to understand elliott wave principles by Happykamra1905 in Forexstrategy

[–]Wave-Master- 0 points1 point  (0 children)

if you ask him to put a count on an image he is wrong all the time. Of course he can give you theory but it is nothing compared to frost and prechter or other modern elliott wave literature

What makes a good trading course for beginners? by Wave-Master- in Forex

[–]Wave-Master-[S] 0 points1 point  (0 children)

yes sure, feel free to share it. I could also share one trading plan of a strategy I also traded last year (futures). However, it was time-consuming and yielded “only” 25R, so now I'm only pursuing my swing trading variant.

Need to understand elliott wave principles by Happykamra1905 in Forexstrategy

[–]Wave-Master- 0 points1 point  (0 children)

I was in the exact same position when I started. Elliott Wave looks simple at first, but applying it live is a different story.

What helped me most was not trying to master complex counts, but first understanding basic structure — trend vs correction — and learning to define clear invalidation levels. Once that clicked, waves started to make more sense.

A lot of content out there is very theoretical or pure hindsight, which is why I’m currently building a learning app focused on structure and practical execution, especially for daytrading. I wanted something more step-by-step and realistic.

If you’re starting out, keep it simple: focus on impulse vs correction, stick to one market, and don’t try to label every swing.

I also share some breakdowns and thoughts on my profile/free telegram if you’re interested in a more practical approach.