I trade equities and FOREX (Learning futures) and want to learn Elliot wave. Can someone tell me the best place to learn (Site, book)? I have seen many books out there on the subject, so i thought i would ask you guys which is the best. Thanks, and take care. -Kastro
âElliott Wave Principle : Key to Market Behavior' by Frost and Prechter. First published in the late 1970's this was the contemporary re-start of EW; Miner's pdf is 'right on'.
This second pdf is Tom Joseph's â author of Advanced GET, suggest you learn to apply a channels tool and the Fibonacci Price Levels tool. Joseph doesn't illustrate the use of the fibo tool â fibo levels are projected by the EW count/labeling, you can find info here: http://www.moneytec.com/forums/showthread.php?t=6660&highlight=fibonacci
Send a PM (private message) to gharghur2 the initiator of the Objective Elliott Wave............ thread.
You should download the book "How to indentify High-Profit Elliott wave Trades in Real Time" , from my blog ...see Resources It's free http://elliottwaver.blogspot.com/ Quintrix
In addition to Wallace's recommendation, Elliott himself wrote two books: The Wave Principle and The Nature's Law. He also wrote some articles on Financial World, but the books will do just fine, though. His "successor", A. Hamilton Bolton also wrote a lot of materials on the subject, and they were compiled together in "The Writings of Hamilton Bolton", which includes Elliott Wave Principle - A Critical Appraisal. Other sources should be those who use EW. gharghur has a thread on EW, as well as quintrix. Wallace also, IMHO, has a good knowledge on the subject. Surely, there are plenty of others out there. An analyst at Alpari's forum also provides free analysis on currencies which uses EW. After knowing the principle (which is actually simple), the major difficulty is to dissect the market movements into waves with satisfying accuracy. The latter obviously will require plenty of practices and patience, of course. Good luck!