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Visual Guide to Elliott Wave Trading
The "Bloomberg Visual Guide to Elliott Wave" will provide a easy-to-use explanation on how to use Elliott Wave analysis to interpret and trade the financial markets. The book will include a large number of graphs and charts to demonstrate Elliott Wave patterns and to assist the reader in super-imposing Elliott Wave on any market in any time frame. Authored by, Robert Prechter, the premiere Elliott Wave analyst, the book will show readers how to use the method to measure the strength of trends, forecast market turning points, and to identify trading and investing opportunities. Given that Elliott Wave analysis is a highly visual discipline, the "Bloomberg Visual Guide to Elliott Wave" is likely to become the single-best self-teaching guide to the theory for traders and investors.
- GenresFinance
288 pages, Kindle Edition
First published May 7, 2013
17 people are currently reading
180 people want to read
About the author
Robert R. Prechter Jr.
46 books45 followersRobert R. Prechter Jr. (born March 25, 1949) is an American financial author, and stock market analyst, known for his financial forecasts using the Elliott Wave Principle. Prechter is an author and co-author of 14 books, and editor of 2 books, and his book Conquer the Crash was a New York Times bestseller in 2002. He also has published monthly financial commentary in the newsletter The Elliott Wave Theorist since 1979, and is the founder of Elliott Wave International and New Classics Library. Prechter served on the board of the CMT Association for nine years, and as its president in 1990–91. He has been a member of Mensa and Intertel. In recent years Prechter has supported the study of socionomics, a theory about human social behavior.
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Displaying 1 - 3 of 3 reviews
August 23, 2022
A great book to practice the theory behind Elliott Waves
Have you read Elliott Waves Principles? If you do, perhaps a lot of things are not clear to you. That was my case. Indeed, Elliott Waves theory is hard to understand, making it nearly impossible to apply directly after learning the theory. As with everything, you must practice to become good in one field. Elliott Waves are no exception.
Gratefully, Visual Guide to Elliott Waves trading helps you to understand how to use Elliott Waves in the market with a lot of examples. For each pattern, there are a few examples explaining all the analysis before taking a position. There is even a part talking about how to combine Elliott Waves analysis with more classical indicators such as RSI or MACD to maximize your edge.
It also talks about an important market concept which is that anything in the market follows probability and not certitude. Elliott Waves are not an exception. You can't forecast the market, you can just maximize your chances to get the market going towards the side you expect it.
I also liked the end of the book, more precisely appendix 1. It was a quick summary of the whole Elliott Waves theory. It was very clear and understandable (much more than Elliott Waves Principle). I was sad to discover this appendix only at the end as it explained nearly everything you need to understand the book (perhaps it was referenced a bit earlier in the book, but I probably read too fast to see it).
For now, everything seems good about this book. But I found it a little bit hard to read, as some examples are very complex and use tons of things for the analysis. I don't think it's such a bad thing because it explains the whole process of the Elliott Waves analysis, but you will probably have to read some examples several times to understand them.
Another thing to know is that it isn't a book for notes. You can't really extract knowledge from it as it is just a compilation of examples. That's another form of learning, not learning from the theory but learning from the application, the "real world". I liked it but it forces you to keep the book open while practicing your trading with Elliott Waves as you can't have the whole book in your mind and I don't think it's worth taking notes for examples.
Final Thought
Overall, this book is very good. I think it's not necessary to read Elliott Waves Principles to understand it thanks to appendix 1 at the end (even if there are a lot of references to Elliott Waves Principles). Sometimes it was a bit hard to read, but I would definitely recommend it to everyone wanting to implement Elliott Waves analysis to his trading.
Have you read Elliott Waves Principles? If you do, perhaps a lot of things are not clear to you. That was my case. Indeed, Elliott Waves theory is hard to understand, making it nearly impossible to apply directly after learning the theory. As with everything, you must practice to become good in one field. Elliott Waves are no exception.
Gratefully, Visual Guide to Elliott Waves trading helps you to understand how to use Elliott Waves in the market with a lot of examples. For each pattern, there are a few examples explaining all the analysis before taking a position. There is even a part talking about how to combine Elliott Waves analysis with more classical indicators such as RSI or MACD to maximize your edge.
It also talks about an important market concept which is that anything in the market follows probability and not certitude. Elliott Waves are not an exception. You can't forecast the market, you can just maximize your chances to get the market going towards the side you expect it.
I also liked the end of the book, more precisely appendix 1. It was a quick summary of the whole Elliott Waves theory. It was very clear and understandable (much more than Elliott Waves Principle). I was sad to discover this appendix only at the end as it explained nearly everything you need to understand the book (perhaps it was referenced a bit earlier in the book, but I probably read too fast to see it).
For now, everything seems good about this book. But I found it a little bit hard to read, as some examples are very complex and use tons of things for the analysis. I don't think it's such a bad thing because it explains the whole process of the Elliott Waves analysis, but you will probably have to read some examples several times to understand them.
Another thing to know is that it isn't a book for notes. You can't really extract knowledge from it as it is just a compilation of examples. That's another form of learning, not learning from the theory but learning from the application, the "real world". I liked it but it forces you to keep the book open while practicing your trading with Elliott Waves as you can't have the whole book in your mind and I don't think it's worth taking notes for examples.
Final Thought
Overall, this book is very good. I think it's not necessary to read Elliott Waves Principles to understand it thanks to appendix 1 at the end (even if there are a lot of references to Elliott Waves Principles). Sometimes it was a bit hard to read, but I would definitely recommend it to everyone wanting to implement Elliott Waves analysis to his trading.
March 11, 2020
good book because example or images used here are we see everyday. that is problem with old books but this is new and most relevant for new traders especially in time of tradingview
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February 7, 2019Good book
Displaying 1 - 3 of 3 reviews