Mastering Elliott Wave Principle

Constance Brown 지음

Bloomberg Press 2012년 03월 15일 출간

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An innovative approach to applying Elliott Wave PrincipleBy convention, most Elliott Wave Principle (EWP) practitioners focus on individual market price movement. Connie Brown has a global reputation of developing analysis that focuses on the integration of global markets. In a two book series you will be taken through the steps to master the global cash flows of today-s financial markets. The approach found in this first book differs from the traditional view of EWP because it shows you how geometry and the use of simple boxes drawn within a trend will guide you away from the common complaint of subjectivity, thereby making smarter trades of higher probability. While EWP can be a challenging topic, the structure of this book eases you into the analysis principles.With Mastering Elliott Wave Principle you are guided step-by-step through the learning phases of Elliott Wave analysis and then your understanding is further challenged through self-examination. The preliminary coaching unravels common misunderstandings that sabotage the beginner. You will discover how price swings and waves are not the same. Elements of balance and proportion are mathematical concepts taught through geometry and not subjective. These basic skills establish a foundation that allow beginners to understand what to expect from their level of skill. There are three distinct levels of skill that all masters of the EWP have learned. Now there is a series to guide your understanding at each skill level so you can develop a working knowledge of how to define market positions around the world in short or long term time horizons. Bring your biases, bring your past concerns and discover how this breakthrough and original approach to teaching the Wave Principle can help you.Traders, from beginners to advanced, can use this book to become proficient in the Elliott Wave PrincipleContains practice charts to compare your understanding and skill level with follow

목차

Acknowledgments xiIntroduction xiiiWhy this Teaching Approach is Different xiiiElliott Waves and Market Swings Are Not the Same xviAre Attributes of Balance and Proportion Subjective? No. xxiCHAPTER 1 Using the Elliott Wave Principle to Evaluate Mass Psychology 1Geometric Proportion in Market Data 2CHAPTER 2 The Patterns That Describe Trending Market Movement 17Impulse Waves Create Market Trends 18How to Label a Specific Price Pivot 23Using Fewer Bars to Represent Complete Impulse Waves 24Working with Impulse Waves in Strong Trends 26Termination Diagonal Triangles: An Introduction 35CHAPTER 3 The Basic Patterns That Describe Corrective Market Movement 39How to Examine Corrective Price Movement 40A Zigzag Corrective Pattern 43A Flat Corrective Pattern 49An Expanded Flat Corrective Pattern 53The Triangle Corrective Patterns 58CHAPTER 4 Diagonal Triangles (Wedges) 67Termination Diagonal Triangle Pattern 67Leading Diagonal Triangle Pattern&-Type 2 73CHAPTER 5 A Summary with Study Flash Cards for Patterns, Rules, and Guidelines 77Study Flash Cards for the Basic Patterns 78A Summary of Rules and Guidelines 83A Table of Degree Labels and Names 85Beginner Level: Practice Examination 86Beginner Level: Final Examination 95Exercise Appendix 105About the Author 137Index 139

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저자(글) Constance Brown

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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.