Elliot Wave Techniques Simplified

Definitely worth the price of admission. Once again Bennet McDowell has taken the complex and arcane and put it into the language of mere mortals. Sure i had heard of Elliott Wave and Fibonacci and his re-traements and read several other books on both subjects. This book is literally a page turner. i started to read it Saturday afternoon and before i knew it i was ½ way through it. Bennett has the uncanny ability to communicate vey complex concepts into understandable language, I had to force myself to stop reading it so i could digest all the information provided to that point - much like a Stephen Hawking book - read and re-read sections so that you convince yourself that you totally understand the building blocks that are being laid out for your consumption. Combine the 'old theory' of Elliott Wave and Fib Price retracements in conjunction with his proprietary OWL Wave indicator and PTL strength indicator and you have some of the most powerful tools as to direction of a market, a potential landing zone and a solid entry AND exit point BEFORE you buy. But more importantly - he tells you why. Add this to his ART indicators and suddenly - it all opens up for you. I looked at positions i have on the market right now and clearly i am trading against the direction of the market and certainly the stock in question. His 'Modern Method' brings it all together and if you practice it a bit - it will all become obvious in a very short period of time. Writing style is fantastic. Content is more then any two people could ask for and clarity like none other. I only gave it 5 stars because that is all they allowed me - this is a 10.

Bennett McDowell’s Elliott Wave Techniques Simplified, took me from being a total novice to becoming an Elliott enthusiast and to looking for Elliott Waves and Fibonacci sequences everywhere. Bennett begins with Elliott’s biography. This provides a clear understanding of Elliott’s observational, analytical, restructuring and organizational skills that made him a much sought after high-level business consultant and that led to his work and publications on wave principles. In Chapter 2, Bennett enumerates the psychological factors that create movement in the markets. Using examples, exercises and visual aids, he carries this beyond theory and has convinced me of this chapter’s importance. Elliott’s 1938 classic wave theory rules are clearly presented with illustrations in Chapter 3. Bennett concludes this chapter with two valuable summaries worth printing out: “McDowell’s Elliott Wave Guidelines” and “Elliott Wave Statistics For All Five Waves.” The Fibonacci series, its relationship to Elliott Wave theory and application to trading are well presented in Chapter 4. As throughout this book, Bennett provides the “take home and use” information that does not require high level math skills. Whether you are using indicators readily available on charting software or the proprietary A.R.T. software indicators, Chapters 5, 6 and 7 provide the additional information needed to implement these trading techniques. In Chapter 6, Bennett presents “The Best of Both Worlds” by combining classic Elliott Wave analysis with his “McDowell Probability Matrix.” He continues in Chapter 7 with information on using the Matrix to “Trust and Verify Signals.” “My Favorite Trade Setups” in Chapter 8 are presented in a very clear, step-by-step fashion. In Chapter 9, “A Student’s Perspective,” Dean Jenkins of FollowMeTrades.com relates his compelling story of how his emotions caused him a large loss in the fall of 2000. Dean continues the chapter with much of the knowledge that he has gained since then. (“Good judgment is the result of experience and experience the result of bad judgment.” - Mark Twain) For those who have ignored Elliott Waves believing this technique to be out dated or too difficult, this book will allow you to easily gain useable information that remains pertinent today.

This book is very simple and well explained, I've read several books on Elliott Wave theory and others make it so complicated, this one goes to the ground and explains it so well that an elementary age kid would be able to understand the concept.

A good book to understand the basics of Elliot Wave Theory and gives a practical approach 👍

I saw the reviews here and therefore I buy this eBook. I usually ignore wave during my abalysis, not because of I don't want to learn, but I feel ditficult to count wave, even though I got CMT. Therefore I simply ignore it. I have finished reading only half of it now, but cannot wait to give out thia good review. I have already learned using histogram and RSI to spot when is wave 3 and 5. It is a step by step guide to teach you in a simple way. But for sure, at least you should have some idea of what is wave before reading this one. If you are same as me, afraid of counting wave, you should try to read this book.

I have been learning and improving technical analysis for years but could never grasp or properly learn Elliott Wave Theory. This book broke everything down and I could not put the book down until I finished it. I read it in one day and began applying techniques to charts. The author direct you not to force waves on a chart as there are thousands of stocks and charts. I finally found two charts so far and the theory from this book applies perfectly. I am already able to determine when and where the stocks will move. This book has already paid for itself and then some. This is one of the best investments I have made.

I couldn’t tell you how the book is because when I turned to the intro, I found that a COMPLETELY different book was different inside. 1 Star for just absolute absurdity and waste of 45$

Simple to read. Easy understanding. This book gave me more applied understanding in practicing Elliot Wave counts.

This is a great book on Elliot wave

Not bad , downfall is the author trying to push his software & website.

A useful book to learn specific technique about training in choppy markets too. When to trade and when not to, and rather move toward other markets or wait. Plan, strategy, and even guidance how to click with mouse when practicing!! Wow! + really useful wise thoughts! May all your dreams come true! ❤️ 💵 💰 I got also motivated from the book. Needs to read specific chapters again ro memorize, have a break, practice a lot, and think (though, beliefs, attitude, behavior!). Attractive. Could you aim the same, 4h / week work for a living. Thanks for the author!

very happy with this book, an interesting background before getting into the meat of the theory , couldn't put it down

Deficient.