In this document, we’ll explain the notations we place on our charts. You can download a PDF version by clicking here. The notations fall into one of the following categories: Elliott Wave, and its associated trendlines and Fibonacci price targets Hurst Cycle analysis Indication of trend exhaustion Indication of MACD divergence Commentary regarding sentiment, inter-market correlations, fundamentals, […]
The following are the actual notes Sid Norris took while initially learning and studying: Click here to download the PDF Version. “Elliott Wave Principle” by Frost & Prechter – 10th Ed. (2005). Additionally, over a period of time, Sid inserted several pointers from reading and/or viewing numerous Elliott Wave educational materials presented by Wayne Gorman, Jeffrey Kennedy, Dave Allman, […]
Setting Protective Stops – A Guide for Elliott Wave Plus Subscribers. Specific protective stop levels and stop types (fixed and/or trailing) are absolutely required and integral to my AMA/Momentum Algo trading system!
How An Experienced Trader Utilizes Our Analysis in His Trading
The following trading education document and accompanying chart were provided to us by longtime Premium Plan subscriber “William” yesterday. William is a highly experienced and learned trader, and a multi-decade student of the methods of Larry Williams, Tom DeMark, and others.
Recommended Guest Article: How You Can Use Fibonacci to Improve Your Trading By Wayne Gorman, Elliott Wave International Chapter 1 – The Golden Ratio and the Golden Spiral A refresher on Fibonacci numbers Chapter 2 – Fibonacci Ratios / Multiples and the Golden Section How the Golden Ratio is connected to the Wave Principle and […]
Every trader, every analyst and every technician has favorite techniques to use when trading. But where traditional technical studies fall short, the Wave Principle kicks in to show high-probability price targets. Just as important, it can distinguish high-probability trade setups from the ones that traders should ignore.
How To Use Bar Patterns To Spot Trade Setups
Fractals are self-similar forms that show up repeatedly. Consider branching fractals such as blood vessels or trees: a small tree branch looks like an approximate replica of a big branch, and the big branch looks similar in form to the entire tree.
See How Elliott Waves Help You Avoid “Getting Married to the Trend”
Most investors make the mistake of linearly extrapolating a financial trend into the future, especially at junctures when that trend is near a turn.
In everyday terms, it’s called “getting married to the trend.”
Here’s what Elliott Wave International President Robert Prechter said in his book, Prechter’s Perspective:
Seeking Certainty in Uncertain Times? Draw a Trendline | Learn How
Trendlines are simple straight lines connecting two price extremes on a chart. When you draw more than one, you create a so-called trend channel and see both the future trend and trend reversals.