Posted by
Andy Law |
20:54
|
Elliott Wave Theory,
Technical Analysis
|
Trading with the Elliott Wave Theory
Imagine a technical analysis methodology that can tell you when you are wrong long before your stops are hit. Imagine a technical tool that allows you to make money even when your analysis is wrong. Imagine an analytical framework that permits you to develop a likely road map for prices that you can easily use to support or supplant other technical, or even fundamental, indicators. Imagine that this way of analyzing prices was developed with the basis for technical analysis—crowd psychology—in mind. Imagine a tool so flexible that there is little difference between applying it to five-minute bars and applying it to monthly bars. Imagine a tool that though complex, dovetails perfectly with traditional trendline and pattern analysis as well as the venerable Dow Theory. Imagine that you can use this form of technical analysis on stocks, bonds, currencies, commodities, or virtually any liquid and free market.
Trading with the Elliott Wave Theory
