The Visual Guide to Elliott Wave Trading is an in-depth, easy-to-use guide to trading the financial markets with the Elliott Wave Principle.
In many ways this book picks up where Frost & Prechter's classic Elliott Wave Principle: Key to Market Behavior left off, which makes it "required reading" if you want to build a solid foundation in Elliott wave analysis. Co-authored by two of Elliott Wave International's most trusted analysts -- Wayne Gorman and Jeffrey Kennedy -- their trading insights offer a perfect blend of traditional textbook and real-world application.
Join Kennedy and Gorman as they provide step-by-step instruction in how to trade with Elliott. They include scores of real market charts that depict the Elliott wave patterns, which will help you measure the strength of trends, forecast market turning points, plus identify trading opportunities. What's more, this illustrated guide also explains how to use supporting technical indicators that can build confidence in your Elliott wave analysis.
Gorman and Kennedy know that "simple" does not mean "easy." Their combined expertise will help you build confidence in your analysis, create an effective trading plan, and better manage your trades. Whether your trading style is conservative or aggressive, their charts and techniques can help identify high-confidence opportunities.
Each chapter includes key points & smart investor tips, such as how to "Prepare yourself to take advantage of opportunities even when your preferred count does not materialize," and "Let the market commit to you before you commit to the market."
Elliott wave analysis recognizes that in financial markets, mass psychology swings from pessimism to optimism and back in a natural sequence. Use this book to recognize those wave patterns, and anticipate market moves that most traders never see coming.
The Visual Guide to Elliott Wave Trading is the new criterion for any serious technical trader.
Editorial ReviewsReviewI've been trading for the better part of 5 decades and working in money management for over 4 decades. VISUAL GUIDE TO ELLIOTT WAVE TRADING is simply one of the best and most unique books I've read on trading. It's written by two bona fide traders and uses real examples, not just perfect 'setups' that rarely occur in real life. I highly recommend this book for learning Elliott Wave because of its logical, simple step-by-step approach. It covers all of the main aspects of EW, with Definitions, Key Points, Smart Investor Tips and even an occasional Video reference. - Garrett Jones, Observations
Elliott Wave is often thought of as a comprehensive market philosophy. Gorman and Kennedy demonstrate that EW can be combined with other indicators to potentially increase returns & decrease risk. The use of additional indicators is rarely seen with Elliott wave analysis but this book shows how to add momentum or an overbought/oversold indicators. Visual Guide to Elliott Wave Trading includes basic information new traders will need to understand Elliott Wave and provides new ideas & innovative strategies that more experienced traders can immediately apply. - Michael Carr, Technically Speaking
This guide provides practical guidance on how to use Elliott wave theory to find, assess, enter, and manage trades by raising or lowering protective stops. It also covers exiting trades. It offers a realistic look at how the reader can become a better Elliottician and a more consistently successful trader. - Books For Traders, Stocks and Commodities Magazine
From the Back Cover
The Bloomberg Financial Series Visual Guide to Elliott Wave Trading is an essential resource for anyone who wants to gain a firm understanding of one of the most effective technical trading methods.
Written by Wayne Gorman and Jeffrey Kennedy—two highly qualified Elliott wave traders—this reliable resource puts the authors' personal trading experiences in perspective. It provides practical guidance on how to use the Wave Principle to find trades, assess trades, enter trades, manage trades by raising or lowering protective stops, and exit trades. And while it doesn't present perfect-world examples—because, honestly, there are none—it offers a realistic look, warts and all, at how you can become a better Elliottician and a more consistently successful trader.
Divided into three comprehensive parts, the Bloomberg Financial Series Visual Guide to Elliott Wave Trading opens with an informative introduction to the anatomy of Elliott wave trading. Part Two then provides practical examples that walk you step by step through the authors' thinking during a number of trades they have made in real life. It also presents hypothetical setups that you might encounter in your own market experience and shows how to handle them. Part Three rounds out this detailed discussion by going beyond the basics to address how you can effectively apply other technical indicators to your trading and how you can use Elliott wave analysis and option strategies to form a powerful trading combination.
While there may be no one perfect way to trade, there are various ways to trade successfully using the Wave Principle as your primary discipline. This book will show you how.
The Bloomberg Financial Series Visual Guides cover today's most relevant finance and trading topics in a comprehensive, yet easy-to-follow style. The content brings to life key concepts for finance professionals and truly lives up to the series' name by examining concepts in a highly visual way—all charts are in color and presented in a large format for ease of use. Other strong visual attributes include consistent elements that function as additional learning aids for the reader, such as: Key Points, Definitions, Step-by-Step, Do It Yourself, and Bloomberg Financial Series Visual Guides functionality.
And for e-reader users, the Bloomberg Financial Series Visual Guides are available as enhanced e-books offering special features, like a Test Yourself section where you can test your newly honed knowledge and skills. The enhanced e-book versions also include video tutorials and special pop-up features. They can be purchased wherever e-books are sold.
Product Details
- Paperback: 288 pages
- Publisher: Bloomberg Press; 1 edition (June 17, 2013)
- Language: English
- ISBN-10: 1118445600
- ISBN-13: 978-1118445600