Mastering Elliott Wave (Bloom

ISBN-13: 9780470923535 / Angielski / Twarda / 2012 / 176 str.

Constance Brown

Opis

An innovative approach to applying Elliott Wave Principle By convention, most Elliott Wave Principle (EWP) practitioners focus on individual market price movement. Connie Brown has a global reputation of developing analysis that focuses on the integration of global markets. In a two book series you will be taken through the steps to master the global cash flows of today's financial markets. The approach found in this first book differs from the traditional view of EWP because it shows you how geometry and the use of simple boxes drawn within a trend will guide you away from the common complaint of subjectivity, thereby making smarter trades of higher probability. While EWP can be a challenging topic, the structure of this book eases you into the analysis principles. With Mastering Elliott Wave Principle you are guided step-by-step through the learning phases of Elliott Wave analysis and then your understanding is further challenged through self-examination. The preliminary coaching unravels common misunderstandings that sabotage the beginner. You will discover how price swings and waves are not the same. Elements of balance and proportion are mathematical concepts taught through geometry and not subjective. These basic skills establish a foundation that allow beginners to understand what to expect from their level of skill. There are three distinct levels of skill that all masters of the EWP have learned. Now there is a series to guide your understanding at each skill level so you can develop a working knowledge of how to define market positions around the world in short or long term time horizons. Bring your biases, bring your past concerns and discover how this breakthrough and original approach to teaching the Wave Principle can help you.

• Traders, from beginners to advanced, can use this book to become proficient in the Elliott Wave Principle
• Contains practice charts to compare your understanding and skill level with follow-up discussions of how you may have differed based on the results from twenty years of coaching

Spis treści

Acknowledgments xi

Introduction xiii

Why this Teaching Approach is Different xiii

Elliott Waves and Market Swings Are Not the Same xvi

Are Attributes of Balance and Proportion Subjective? No. xxi

CHAPTER 1 Using the Elliott Wave Principle to Evaluate Mass Psychology 1

Geometric Proportion in Market Data 2

CHAPTER 2 The Patterns That Describe Trending Market Movement 17

Impulse Waves Create Market Trends 18

How to Label a Specific Price Pivot 23

Using Fewer Bars to Represent Complete Impulse Waves 24

Working with Impulse Waves in Strong Trends 26

Termination Diagonal Triangles: An Introduction 35

CHAPTER 3 The Basic Patterns That Describe Corrective Market Movement 39

How to Examine Corrective Price Movement 40

A Zigzag Corrective Pattern 43

A Flat Corrective Pattern 49

An Expanded Flat Corrective Pattern 53

The Triangle Corrective Patterns 58

CHAPTER 4 Diagonal Triangles (Wedges) 67

Termination Diagonal Triangle Pattern 67

Leading Diagonal Triangle Pattern Type 2 73

CHAPTER 5 A Summary with Study Flash Cards for Patterns, Rules, and Guidelines 77

Study Flash Cards for the Basic Patterns 78

A Summary of Rules and Guidelines 83

A Table of Degree Labels and Names 85

Beginner Level: Practice Examination 86

Beginner Level: Final Examination 95

Exercise Appendix 105

About the Author 137

Index 139

O autorze

CONSTANCE BROWN, CMT, is the founder of Aerodynamic Investments Inc. (www.aeroinvest.com). Connie trades for an institutional bank and offers research and analysis to financial institutions worldwide. She also trains other advanced professionals and hedge fund managers. The Market Technicians Association in New York has members in seventy countries. The organization selected her book Technical Analysis for the Trading Professional, Second Edition as required study for the final certification examination for the CMT (Chartered Market Technician). She has written nine books and was recently the editor of the Journal of Technical Analysis. Brown has been a professional trader with extensive global experience trading futures markets since 1991.

Blurb

MASTERING ELLIOTT WAVE PRINCIPLE

WITH TWENTY YEARS OF EXPERIENCE helping traders become more proficient in applying the Elliott Wave Principle (EWP) to their trading endeavors, author Connie Brown knows how difficult it can be. But over the years as her skills have been shaped by the markets and the traders she has mentored Brown has refined her way of teaching this subject so that even the most challenged individual may finally see markets move within correct wave patterns.

While EWP can be a tough topic, this book eases you into the technique by taking you step by step through Elliott Wave analysis. Preliminary coaching unravels common misunderstandings that tend to sabotage those getting started. First, you′ll discover how price swings and waves are not the same. Then you′ll see how the elements of balance and proportion, skills developed from the study of geometry, are not subjective.

With this information in hand, you′ll quickly begin your journey to becoming a better trader by building a solid foundation in this discipline. And with the exercises included throughout these chapters, you′ll also be able to test your knowledge of the concepts covered before moving on to other topics.

To conclude Mastering Elliott Wave Principle are two examinations. A practice exam will allow you to shake out some of the common problems that you might have missed while reading through the book. The final exam will help truly measure your understanding of the issues explored by uncovering any remaining weak spots that may exist and ensure that you begin to see basic patterns.

If you want to become a better trader, the information found here can help you achieve this goal. With Mastering Elliott Wave Principle as your guide, you′ll be in a better position to trade today′s dynamic markets.