2012-09-20

Learning Elliott Wave - Start From Where?

From niwajiang803 - 雪大,对于从未接触过波浪理论的我来说, 想要看懂你的那些 wave count ,应该先读些什么哪?

I would recommend that you start from reading all Ralph Nelson Elliott's books (especially The Wave Principle).  Remember that Ralph Nelson Elliott is the creator of the wave theory, so you need to read many times until you remember everything.  Note that the wave principle was the natual law that Elliott found.  There were a lot more natural phenomena that he did not discover, so I would say that he, as a human being, was still learning the wave.  I call Elliott's stuff as the old school in wave analysis, and that is what we should base on!

After that, I would recommend reading Robert Prechter's The Elliott Wave Principle - with curiosity and caution.  About Prechter, he embraced Elliott's stuff and also added a lot of his own.  However, I do not agree with some of his wave interpretations and notations.  I call Prechter's stuff as the new school in wave analysis!

Since the old school is not perfect enough and the new school has some problems, I am here to introduce you a perfect school - Perfect Wave, and that is what I am showing you my own approaches.

2012-09-16

Wave Count





My Trade - 2012-09-W3

I am starting a new thread for the 3rd week of September.  All troops target on long term trading.  All percentages are the dollar amount allocations of each troop.  The following lists my positions as of last Friday:

Big Troop:
- EFA 20% (15%-09/06, 5%-09/13)
- EEM 30% (20%-08/31, 10-09/13)
- IWM 20% (20%-08/08)
- SPY 30% (10%-07/05, 10%-07/11, 10%-07/24)
- Cash 0%

SAC Troop:
- TBT 14% (14%-09/14)
- ERX 10% (10%-09/07)
- QLD 23% (23%-09/06)
- SSO 24% (24%-09/06)
- FAS 12% (8%-08/13, 4%-08/27)
- NUGT 8% (3%-08/21, 5%-08/27)
- Cash 9%

I'll be glad to help if you have any question about my trading (long term, short term, stock, or FX/Futures).
Q. How to PM?  A. If you are on a forum, you know how to PM me.  If you are on my blog, please put your email address in a comment (you can remove your email address once you receive my private email.)

My Trade for last week:
http://perfectew.blogspot.com/2012/09/my-trade-2012-09-w2.html

PLEASE JOIN MY BLOG AS A FOLLOWER.  I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE.  THANKS!