10 Steps to Put the Elliott Wave Principle to Work
Today's article headline "10 Steps to Put the Elliott Wave Principle to Work" really just touches the tip of the benefits you'll see in the content of the brief video below.
The video lists and goes through 10 basic steps to put Elliott Wave technical analysis to work, but in reality, the same steps can be applied for many stock trading strategies, not just Elliott Wave.
For example, the first step you'll see listed "Do I see a Wave pattern I recognize"" can be changed to "Do I see a breakout pattern I recognize?" or whatever pattern you use to find entry signals in your specific strategy. Get the picture?
So, the video below is a great brief resource to help begin to develop some rules as part of a trading system, or, for longer term position holders, and investing system.
Don't limit yourself in your training by being narrow minded and having tunnel vision. The resource below as well as many others you'll come across, can be expanded upon or adapted to fit many different scenarios with proper testing. Enjoy the video and don't forget to take advantage of the free 45 pages of Elliott Wave instructional lessons while it's available.
How to Put the Wave Principle to Work
In the video below, EWI Senior Commodity Analyst Jeffrey Kennedy walks you through a basic checklist of how to put the Wave Principle to work. This clip was taken from The Wave Principle Applied webinar, originally recorded for Futures Junctures subscribers.
Would you like to learn more about trading with the Wave Principle? Get 45 pages of FREE practical lessons in Elliott Wave International's Best of Trader's Classroom eBook . Taken from Jeffrey Kennedy's renowned Trader's Classroom series, this FREE 45-page collection offers 14 actionable lessons that will help you determine entry points, stop levels and price targets for the markets you trade.