Elliot Wave Techniques Simplified: How to Use the Probability Matrix to Profit on More Trades (eBook)

The Proven Trading Techniques Used by Professionals-Now Simplified for Every Level of TraderBased on the principles of visionary analyst Ralph Nelson Elliott, the time-tested techniques you ll find in this book have helped successful traders navigate the waves of the financial market since the 1930s. Now you can apply these classic but complicated methods using a modern, simplified approach that will help you identify cycles, anticipate trends, and cash in on your trades.Developed and written by financial market expert Bennett A. McDowell founder of TradersCoach.com this easy-to-use guide shows you how to:* Take the guesswork out of your trading strategy* Read mass psychology signals and avoid emotional trading* Identify market wave counts with the highest probabilities* Combine classic and modern techniques for better results* Anticipate and prepare for future price action in the market* Sharpen your trading and forecasting skills for long-term successUnlike other trading guides, this book provides a complete, systematic approach to Elliott Wave techniques based on McDowell s Probability Matrix, a unique and powerful tool for verifying the signals of market trends and cycles through historic prices and patterns. You ll find real-world case studies and step-by-step trading rules for McDowell s favorite trade setups including the Flat Bottom Breakout and Wave 5 Breakout. You ll be able to create your own probability matrix to identify the highest probability tradesand you ll hear a firsthand account of McDowell s system in action from a student of the Trader s Coach himself. Best of all, you won t need any specialized software other than the charting platform and market data feed you re already using. If you need more guidance, the book supplies you with additional resources at no extra cost.Financial markets are hard to predict. But the probability of your success is bound to be higher and a whole lot easier with Elliott Wave Techniques Simplified.