Elliot Wave Techniques Simplified: How to Use the Probability Matrix to Profit on More Trades
- 3h 23m
- Bennett A. McDowell
- McGraw-Hill
- 2016
Based on the principles of visionary analyst Ralph Nelson Elliott, the time-tested techniques you’ll find in this book have helped successful traders navigate the waves of the financial market since the 1930s. Now you can apply these classic but complicated methods using a modern, simplified approach that will help you identify cycles, anticipate trends, and cash in on your trades.
Developed and written by financial market expert Bennett A. McDowell¯founder of TradersCoach.com® ¯this easy-to-use guide shows you how to:
- Take the guesswork out of your trading strategy
- Read mass psychology signals and avoid emotional trading
- Identify market wave counts with the highest probabilities
- Combine classic and modern techniques for better results
- Anticipate and prepare for future price action in the market
- Sharpen your trading and forecasting skills for long-term success
Unlike other trading guides, this book provides a complete, systematic approach to Elliott Wave techniques based on “McDowell’s Probability Matrix,” a unique and powerful tool for verifying the signals of market trends and cycles through historic prices and patterns. You’ll find real-world case studies and step-by-step trading rules for McDowell’s favorite trade setups including the Flat Bottom Breakout and Wave 5 Breakout. You’ll be able to create your own probability matrix to identify the highest probability tradesand you’ll hear a firsthand account of McDowell’s system in action from a student of the “Trader’s Coach” himself. Best of all, you won’t need any specialized software other than the charting platform and market data feed you’re already using. If you need more guidance, the book supplies you with additional resources at no extra cost.
Financial markets are hard to predict. But the probability of your success is bound to be higher¯and a whole lot easier¯with Elliott Wave Techniques Simplified.
About the Author
Bennett A. McDowell is the founder of TradersCoach.com® and creator of the ART® trading software.. He is also the author of A Trader’s Money Management System, Survival Guide for Traders, and The Art of Trading. McDowell speaks at trading conferences regularly and writes articles for Technical Analysis of Stocks & Commodities magazine and other trading publications. He can be reached by email via support@traderscoach.com .
In this Book
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Who Is Ralph Nelson Elliott?—He's the Man Who Discovered a Connection Between Market Patterns and Human Emotion
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Manias, Panics, Bubbles, and Crashes—Everything You Need to Know About the Psychology That Creates Financial Market Events
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Classic Elliott Wave—Elliott's 1938 Classic Rules Based Purely on Price Patterns
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Classic Fibonacci Sequence—Fibonacci's Thirteenth Century Classic Number Sequence is in Harmony with the Wave Principle
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Modern Elliott Wave—Using Computers and Indicators to Confirm Wave Counts
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Combining Classic and Modern Techniques for a Better Result—The Best of Both Worlds
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Using the McDowell Probability Matrix to Trust and Verify Signals—Finding the Highest Probability Wave Counts
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Real-Life Case Studies—My Favorite Trade Setups
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A Student's Perspective—By Dean Jenkins of www.FollowMeTrades.com
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Notes
