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How to Identify High Profit Elliott Wave Trades in Real-Time

How to Identify High Profit Elliott Wave Trades in Real-Time

List Price: $50.00
Your Price: $34.00
Product Info Reviews

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Rating: 1 stars
Summary: Poor, very poor
Review: As a seasoned trader using elliott wave myself I found this book to be confusing at best. Once you get past the numerous typographical errors (the difference between wave a and wave A causes much confusion for example) you are dealing with a book that is mostly just a semblence of hand completed charts espouted in any old order the writer fancied. The strange thing is that these charts, and the methods described all date from 1994. Disregard the published in 2001 notice.

The author has overcomplicated the method he describes. This has certainly done my trading more harm than good. And I was already pretty proficient in Wave theory! He would have you create vastly overcomplicated charts and overlays to carry out this method. He then has the cheek to show various intraday examples of his work. This would simply be too short a time frame to carry out his instructions. So it ain't "real time" either.

Rating: 4 stars
Summary: Fairly Good book
Review: I have read well over 100 books on trading and I have yet to read one that will teach one how to trade turnkey with a high success rate. Because it does not exist. IMO. I gleaned some useful information out of this book. What this book did for me was not to teach me how to trade profitably, but to make me think in a different direction which was very useful. But isn't that the best one could expect from any trading book?

Rating: 2 stars
Summary: Subjective ?
Review: I realize that Elliott Wave is considered subjective .. but on half of these wave counts, I couldn't see where he was coming up with his numbers. In addition, he had numerous 7 wave (?) counts and some of his logic is just plain odd. I consider myself fairly experienced in Elliott Wave, but couldn't figure this guy out for most of the book. Walker tries to time failures of the C wave and tries to find ends to corrections , but is an aggressive entry method if correct. The problem is, it is extremely difficult to see .. as corrections can materialize into many forms and stop you out over and over until it presents a discernable pattern. One thing I did find unique in this book was his use of finding wave counts within simple patterns of OHLC bars. Seems a bit like overkill, but it is unique nevertheless.

Rating: 5 stars
Summary: Best Elliott Wave book
Review: Myles Walker has written the best book on trading with Elliott
Wave that I have ever read. it was simple elegant and put the icing on the cake for me in terms of correct entry method for Elliott. It really helped me in a practical dollars sense. Apparently He has also done a lot of Gann work and a book on it but I must admit to not owning the Gann book yet.

Rating: 4 stars
Summary: A Breath of Fresh Air
Review: This book is closer to Neelys style of Elliott wave than Pretcher
Therefore some of the concepts such as the extended B wave are a
little hard going if you've been brought up on Pretchers Style.
Two Points came across strongly to me and that was every wave can be counted and those waves fit a templete which is matched to the reference diagrams in the book.
I have found this templete matching invaluable in my own trading especially in day trading. The book does not attack long term
wave counts but methodically describes how to get on to corrections within the trend at the lowest risk.
I read the review above and I think this is where the reviewer has come unstuck. The system is not intended to find long term
Elliott Waves but is more for swing and day traders, also I am sure that the writer doesn't think you should label every chart in such detail as in the examples but he has done so to show that all the waves can accurately be counted.

This is a simple but powerful, step by step method that is easy to follow and fits the needs of active traders who want to make an accurate trade now rather than go through the esoteric exercise of guessing where the market will be in 2010 as in Pretchers case.
I can strongly recommend this book.


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