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The Proven Trading Techniques Used by Professionals-Now Simplified for Every Level of Trader
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.
List of contents
Acknowledgments
Disclaimer
Foreword by Stanley Dash
Introduction CHAPTER 1 Who Is Ralph Nelson Elliott?
CHAPTER 2 Manias, Panics, Bubbles, and Crashes
CHAPTER 3 Classic Elliott Wave
CHAPTER 4 Classic Fibonacci Sequence
CHAPTER 5 Modern Elliott Wave
CHAPTER 6 Combining Classic and Modern Techniques for a Better Result
CHAPTER 7 Using the McDowell Probability Matrix to Trust and Verify Signals
CHAPTER 8 Real- Life Case Studies
CHAPTER 9 A Student's Perspective by Dean Jenkins APPENDIX A Resources
APPENDIX B Suggested Reading and Education
Glossary
Notes
Index
About the author
Bennett A. McDowell is the founder of TradersCoach.com(R) and creator of the ART(R) 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 .
Summary
Based on the principles of visionary analyst Ralph Nelson Elliott, this book 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; and, combine classic and modern techniques for better results.
