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
Autorentext
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.
Zusammenfassung
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
Inhalt
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