Q. Can you tell me how to trade?
A. No. This service is analysis, it is not trading advice. It is designed for experienced investors and traders and does not suit beginners. It is also suitable for those who want to learn Elliott wave.
Q. What does membership provide?
A. The Pure Elliott Wave Weekly service provides once a week, end of week analysis with charts, text and video of the S&P500, Gold, US Oil and Bitcoin. Pure Elliott Wave Weekly analysis provides daily charts as the lowest time frame. The purpose is to focus on the bigger picture and avoid noise of lower time frames. This service best suits investors with a longer term time frame, it is not suitable for day traders.
Pure Elliott Wave S&P500 provides once a day analysis of the S&P500 market, and only the NY session, in written format with daily and hourly charts. Video is provided once a week, end of week. It is not a blow by blow account of small movements on the hourly chart, so is unsuitable for scalpers. This analysis suits position traders and day traders.
For all members of Pure Elliott Wave, from time to time extra analysis of other markets is provided and sometimes access is limited to members only.
Q. I have just signed up and have not received a username and password from you?
A. You should have an automated email with your username, password and log in link sent to you from our shopping cart email address: accounts at thrivecart dot email. If you cannot find this email please check your junk and spam folders, email filters may be stopping it from reaching you. If you are trying to contact us and you have not received a response the most likely reason is our responses are landing in a junk / spam folder, or are stopped by email filters.
Q. I am a member and I cannot access the site / cannot log on, why?
A. The most common reason is a skipped payment due to an expired credit card. When a payment is due and unable to be made access is automatically removed. Go to your Account to see instructions on how to resolve the problem. You will also find a link to manage your billing details and view your purchase history at the bottom of every monthly invoice automatically generated by TriveCart. Once payment has been made your access should be restored. We will hold you account for five days only. If payment is not made within five days of the due date the account is permanently cancelled. If you are paying a Grandfather rate cancellation of your account means you lose that rate. If your access is removed and you have not skipped a payment then you must contact us so that we can help you. It is the responsibility of members to manage their subscription payments to ensure uninterrupted access to the service.
Q. How to I cancel my subscription?
A. Access your billing and payment information via your Account or the link at the bottom of every monthly invoice automatically generated by TriveCart. If you cannot figure out how to cancel your subscription yourself send us a message using our contact form and we will help you. Members should cancel their subscriptions as soon as they decide they don’t want to continue. Don’t leave it until the date your next payment is due. If you cancel before your next payment is due your access will continue for the month you have paid for. If you want to stop your payments you MUST cancel; either directly through your Account or by telling us. Payments are recurring and will be deducted monthly or six monthly unless you cancel. Finally, if you have any questions, problems or difficulties with your monthly payments please contact us so we can help you. We can’t help you if we don’t know there’s a problem.
Q. What data do you use?
A. For the S&P500 I am analysing data provided by BarChart which they get directly from CBOE Indicies which calculates the S&P500 index. This is the cash market data.
I am using data for Gold Spot (cash) markets via BarChart. This data is represented as the cash market and is an aggregation from the banks listed below: ABBA (Average Best Bid/Ask) Allied Irish Bank Barclays CMC Composite Delta Stock Sofia Dresdner Kleinwort Frankfurt ECB MB Trading Merita Bank MIG Investments SA National Bank of Macedonia OKO Bank Rada Forex NY Realtime Forex Geneva Saxo Bank Trinkaus Tullet Prebon UBS Central Bank of America Windsor Brokers-Cyprus S&P500 data is also supplied by Barchart, and is also cash. It comes from CBOE Indicies (not CFE futures).
US Oil data is for WTI Crude (cash) via FXCM. Bitcoin data is from Yahoo Finance.
I use StockCharts for my regular technical analysis. I am using their data for $GOLD which is an index value that corresponds to a theoretical, non-tradable “continuous” contract for gold that uses a weighted average of all the currently open gold contracts. It is a useful backup to have two data feeds.
Q. Can you analyse (insert market of choice) for me?
A. Elliott wave analysis of a new market takes me from one to a few hours. If you are not a member of Pure Elliott Wave the answer will always be no. Due to the number of requests for extra free analysis I will only be doing this for long standing members (at least five months). All other requests will be declined. Elliott wave analysis only works for markets with substantial volume, so it does not always work for individual stocks.
Q. What do you think of this wave count / idea (followed by a long verbal description including price points and wave degrees).
A. I am a visual thinker. I find it extremely difficult to follow a written description of a wave count. If you want a reply you will have to post a link to a chart or email me your idea as a labeled chart. For many questions from members and readers the answer should be clear to you if you try to chart the idea. The process you go through in putting your idea on a chart deepens your understanding of Elliott wave. Questions about possible wave counts which are not accompanied by a chart may receive a short response requesting a chart. I’ll expect you to do more thinking before I answer the question directly.
Q. What charting package do you use?
A. I use Motive Wave. I love Motive Wave charts because they have the best charting tools that I have seen. I am able to put my Elliott wave labels on the live chart. I am not using the auto wave feature because I usually disagree with what it comes up with, the wave count is my own work. The charting package knows the basic rules of Elliott wave so it will tell me if I’ve broken a rule. This is a useful back up feature for me.
Q. At what times do you publish the analysis on the site?
A. For Pure Elliott Wave Weekly US Oil analysis is usually published on Friday afternoon near the close of the New York session, S&P500 is published shortly after and Gold is published on Friday evenings. Occasionally it is necessary to publish these three markets on Saturday. Bitcoin is published on Monday after the weekly data is finalised.
For Pure Elliott Wave S&P500 daily analysis is published as close as possible to the close of the New York session each day, usually by 8pm at the latest.
Q. Can I send you my charts for you to look at?
A. If you are a member then yes, you may. If you are not a member I will reply only if time and workload permits. If you wish to email me charts to look at you are most welcome to do so. I’m a geek and I think Elliott wave is fun. However, before sending off your wave counts please make sure you have carefully labeled each piece of movement. Place your labels for the count as you see it exactly at the bar you consider the turning point. Make sure all numbers and letters for your count of all degrees of waves you are considering are present. I really dislike receiving requests to look at badly and sloppily labeled charts and such requests may be returned with a short note to label your charts more carefully. If you’re not sure what I mean by careful labelling take a look at how I label my charts every day. Finally, if you send me a question and / or a chart be prepared to receive a question in response. I will endeavour provide guidance for you so you can figure it out for yourself. For me to answer all questions about counting waves with a simple answer is too easy and not as much fun 🙂 Be prepared to think.
Q. How do you think this news / political announcement will affect the market?
A. I don’t. Elliott wave analysis is mutually exclusive to fundamental analysis. Elliott wave theory states that it is social mood as illustrated by market movement that creates the news, not the other way around. I don’t have a television and my reading of news focuses mostly on my local area so I’m often unaware of what’s happening in “the news”.
Q. Do you invest? Do you take your own advice?
A. Yes, I do invest. My CMT designation requires me to follow ethics guidelines and one of these requirements is that I notify all paying members of Pure Elliott Wave of an investment opportunity before I make my own purchase. This notification will be made in relevant comments of the latest published analysis for both Pure Elliott Wave Weekly and Pure Elliott Wave S&P500 services.
I also know that the point at which an investment is cashed out for profit is just as important as the buying point, and so I exercise a generous interpretation of the ethics guidelines to mean I must notify members of when I intend to sell an investment. Notification is given at least two hours prior to my execution, and may be up to a day.
I do not day trade, it does not suit my personality nor life style.
Q. I had a membership with a Grandfather rate and I cancelled. Can I get that rate back?
A. No. If you have a Grandfather rate, then at any time if you cancel your membership you lose the Grandfather rate. It cannot be retrieved. If you want to regain access to the service, you will have to sign up at the current rate. To keep a Grandfather rate membership payments must be made on time each month (or six monthly ). If payments are skipped (due to insufficient funds or an expired credit card) your membership may be automatically cancelled by Stripe. This means you lose the Grandfather rate.