Elliott Wave Principle: Key To Market Behavior A.J. Frost, Robert R. Prechter
Publisher: New Classics Library

Elliott Wave Principle: Key to Market Behavior (Wiley Trading Advantage) List Price: $65.00 ISBN13: 9780471988496 Condition: New Notes: BRAND NEW FROM PUBLISHER! Hi All, I have read ìElliott Wave Principle - Key to Market Behaviorî book and feel it is interest so I want to apply it to my real trading. I had read Prechter and Frost's Elliott Wave Principle – Key to Market Behavior before I interviewed for my position. Not if you read is seminal works, Elliott Wave Principle: Key To Market Behavior and especially, the most important publication of last twenty years, Socionomics: The Science of History and Social Prediction. If you're interested in learning Elliott wave analysis, but haven't yet gotten a copy of the book Elliott Wave Principle: Key to Market Behavior, check out EWI's online edition. When I start to apply this theory I Please kindly guide me how to select the first point to count Elliott wave. Developed in the 1920s by Ralph Nelson Elliot as a method of predicting trends in the stock market, the Elliot Wave theory applies fractal mathematics to movements in the market to make predictions based on crowd behavior. However, it's not a secret that to many traders Elliott waves theory is one. If you look up a definition of fractal on Wikipedia, the following is described : A fractal is "a rough Do fractals present themselves in finance? By the wave, please kindly do that is, unless youíre a paralyzed analyst who canít put on positions consistentlyÖ a behavior pattern that seems to be endemic with ëseriousí, exclusively ewave traders, btwÖ. Elliott published his views of market behavior in the book The Wave Principle (1938), in a series of articles in Financial World magazine in 1939, and most fully in his final major work, Nature's Laws – The Secret of the Universe (1946). Another key principle of Elliot Wave is that markets are fractal in nature, meaning the structure of market prices are built from similar patterns on larger and smaller scales. Elliot Wave theorists would argue it is so. It was interesting, but it didn't really speak to me. Elliott argued that because Understanding how and why the waves develop is key to the application of the Wave Principle; that understanding includes recognizing the characteristics described below. Elliott waves are one of the few studies that able to tell where the market is now, where it is likely to go next and, of course, what are the opportunities there for traders.