Nine out of ten traders balk at Elliott Wave Aualysis and claim that it never works. At
first I agreed and even sympatthized with this opinion.
However. after researching simple approaches to Elliott Wave analysis aud using it to trade my own personal funds over the past 17 years, I strongly feel that a Trader is cheating himself by simply discarding Elliott Wave analysis. Elliott Wave analysis is the only tool that I know that consisteutly identifies the strength of the move and how far it will trade. Kuowiug the directiou aud price target is essential because traders do not seek to buck the trend. but trade m the directiou of the major trend of the market.
One of the main reasons cited by traders who think less of Elliott Wave analysis is its
subjectivity and complexity. This is absolutely true. About 65% of Elliott Wave analy-
sis is made up of complex rules which can be dissected iu numerous ways. Ten analysts
can easily come up with 10 different answers.
After stuiggling for a solutiou. I was finally able to build a simple model using the other
35% of Elliott Wave Aualysis that is very clear. Further research showed that the 35%
of the rules that are clear. contributed to almost 80% of the profits that can be achieved
by using Elliott Wave analysis.
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Price: 5 USD
All books are in English, presented in format of doc or pdf, printable.
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