Brown Mastering Elliott Wave Principle

Elementary Concepts, Wave Patterns, and Practice Exercises
1. Auflage 2012
ISBN: 978-1-118-22130-3
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 176 Seiten, E-Book

Reihe: Bloomberg Professional

An innovative approach to applying Elliott Wave Principle
By convention, most Elliott Wave Principle (EWP) practitionersfocus on individual market price movement. Connie Brown has aglobal reputation of developing analysis that focuses on theintegration of global markets. In a two book series you will betaken through the steps to master the global cash flows oftoday's financial markets. The approach found in this firstbook differs from the traditional view of EWP because it shows youhow geometry and the use of simple boxes drawn within a trend willguide you away from the common complaint of subjectivity, therebymaking smarter trades of higher probability. While EWP can be achallenging topic, the structure of this book eases you into theanalysis principles.
With Mastering Elliott Wave Principle you are guidedstep-by-step through the learning phases of Elliott Wave analysisand then your understanding is further challenged throughself-examination. The preliminary coaching unravels commonmisunderstandings that sabotage the beginner. You will discover howprice swings and waves are not the same. Elements of balance andproportion are mathematical concepts taught through geometry andnot subjective. These basic skills establish a foundation thatallow beginners to understand what to expect from their levelof skill. There are three distinct levels of skill that all mastersof the EWP have learned. Now there is a series to guide yourunderstanding at each skill level so you can develop a workingknowledge of how to define market positions around the world inshort or long term time horizons. Bring your biases, bring yourpast concerns and discover how this breakthrough and originalapproach to teaching the Wave Principle can help you.
* Traders, from beginners to advanced, can use this book tobecome proficient in the Elliott Wave Principle
* Contains practice charts to compare your understanding andskill level with follow-up discussions of how you may have differedbased on the results from twenty years of coaching

Autoren/Hrsg.

Brown, Constance

Inhaltsverzeichnis

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 MassPsychology 1
Geometric Proportion in Market Data 2
CHAPTER 2 The Patterns That Describe Trending Market Movement17
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 MarketMovement 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

Über Autor(innen)

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.