Keep It Simple Stupid: Trading with the Elliott Wave Principle

Expert: Mark Schimmel
Running Time: 90 minutes
Workbook Length: 60 pages
Formats: PDF Workbook MP3 Audio

Using Elliott Wave successfully means using it simply. Mark designed this session to provide you with the basic tools needed for a solid understanding of basic Elliott Wave structures: the 5-wave (impulse) pattern and the 3-wave (corrective) pattern. Specifically, Mark believes that you can successfully trade using Elliott Wave analysis by following only three basic rules accompanied by a handful of guidelines.

Each Elliott Wave structure defines the trend and the market’s next likely move. With a solid understanding of these simple rules and guidelines, you will gain confidence in counting a chart, which can result in a positive balance sheet. Along with the basics, Mark shares several trading approaches to the Elliott Wave sequence. These include deriving likely targets for the next move, assessing risk/reward parameters and using the Wave Principle to minimize risk.