Technical Analysis: Applying Elliott Wave: From Theory to Reality

"Applying Elliott Wave: From Theory to Reality" comes from the author's practical experience in using Elliott Wave after many years. Although Elliott Wave is not an absolutely miraculous tool in the Technical analysis, but, in the author's opinion, it is definitely an indispensable tool for a successful technical analyst. Elliott Wave is considered as one of the best tools not only in identifying the current market trend, but also in forecasting for long-term or short-term trends; therefore, it may be helpful for investors in answering following questions: (1) Should I invest in this stock right now? (2) If investing, is the potential risk acceptable; and then investors are able to decide a reasonable amount of capital to put in the future trade. Furthermore, Elliott Wave chart is able to make investors aware if their investments step into the "wrong" situation, and also points out appropriate stop-loss. This does not mean that you should only use the Elliott Wave Theory and ignore all traditional methods of technical analysis. To some extent, an investor cannot approach Elliott Wave without the basic methods of the classic technical analysis (in other words, traditional technical analysis methods are the foundation to understand and master Elliott Wave). Also, after using Elliott Wave to determine a stock-price trend, in some cases, investors need to ask traditional technical analysis tools for the appropriate time (*) to enter the trade. This book presents not only the basics but also a thorough analysis; not only theories but also practical lessons, with the purpose of introducing not only the most basic knowledge of Elliott Wave but also the way to put it into practice. The author hopes that this will be a handbook of investors in markets of securities, currencies and commodities. However, Elliot Wave is a complicated tool, so readers absorb this knowledge more or less depending much on each person's ability and effort. It is similar to learning Piano - although a piano instructor teaches the same lessons, his/her learners are good or bad due to each person's ability and effort. Since the book's purpose is to share personal experiences, the author will only analyze what he finds to be the most effective (in his view) and just present basic knowledge for what is really useful (such as Fibonacci, Chanel, ect). However, this view can be controversial and clash with other author's opinions. Therefore, it is also beneficial for readers to seek out other points of view regarding the Elliott Wave, to reach multiple perspectives about the problem and, ultimately, find the answers suitable for you. The author does not tend to prolong the book; he will present the knowledge in the most concise and understandable way. Therefore, every sentence has its own meaning; readers should not skim any part. This Book Focuses On All You Need To Know About Elliott Wave 1. Explain why does Elliott Wave exist and how does it work? 2. Making clear all the misunderstandings about Elliott Wave 3. Which one is better, the Elliott Wave or Classical Technical Analysis? 4. How to count Elliott Wave effectively? 5. How to Analyze & Profit from Elliott Wave? 6. Determine Market psychology & Business cycle & The Routine of market sectors and market-caps 7. How can we use the past to determine the future using Elliott Wave? 8. Define and comprehend markets’ risk using Elliott Wave. Read more