Trading Harmonic Elliott Waves like a PRO
What you'll learn
- A simple profitable Trading System
- Reliable Micro Setups to Enter trades, set multiple targets and set and adjust protective stop loss orders
- How to identify a direction of the Main Trend on a higher time frame
- How to "trade with the trend" in order to increase winning rate
- How Average Gain-to-Average Loss ratio impacts your overall results
- How to control and improve Average Gain-to-Average Loss ratio to start making money
- How to predict termination point of wave 3, the strongest part of rallies and declines
- What makes a corrective wave 4 the most reliable setup to trade
- I recommend first to take my introductory video course: "Predict the Market With Harmonic Elliott Wave Analysis"
This Course builds upon a solid foundation laid down by my first video course: "Predict the Market with Harmonic Elliott Wave Analysis: How to Nail Tops and Bottoms in Any Market".
In the first Introductory Video Course “Predict The Market with the Harmonic Elliott Wave analysis” I teach all the basics of the Harmonic Elliott Wave theory from scratch. You do not need to know anything about the Wave Principle to start that course.
You will learn about most common repeating price fractals and how to find them in the market. You will learn rules that would let you quickly check if you correctly identified a pattern in the actual price chart.
This second video course “How to Trade Like a Pro“ is continuation of the first introductory course. It goes deeper into the same subjects. This is where I teach what I personally found by applying the Harmonic Elliott wave theory in trading and you will not find many rules or guidance explained in this course anywhere else.
Moreover, in the “How to Trade Like a Pro” course I focus more on how to use the Harmonic Elliott Wave theory in trading. I show my favorite and most reliable trading setups. I explain how to set targets and protective stops.
This Course explains how to use Wave Analysis to find high probability short-term and long-term trading setups.
The Best Micro Setups: How to Safely Buy Bullish Reversals;
The Most Reliable Macro Setups: How to Buy Pullbacks and Benefit from Power of Bigger Trending Moves;
Very Detailed Trading Rules: When open a trade, how set a protective stop and multiple exit targets;
Extensions that keep stopping pullbacks and rallies;
Comparison of Real Life Structures to Textbook Patterns;
Comprehensive Guide on Micro Structure of the Strongest Part of the Rally, Wave 3 up;
Exclusive Signs of a bottom of corrective wave 4;
The final A-B-C push in wave 5 - a reliable repeating pattern the classic EWT is not aware of;
Who this course is for:
- Stock, Options and Futures Traders who want to start "reading the tape" without any indicators. You will start to understand what the market will do next
- Portfolio Managers who would like to know when is the right time to add exposure to the overall market, specific sectors or stocks
- Technical Analysts who lost faith in the classic Elliott Wave theory. This modified version of the Wave Principle will pleasantly surprise you
- Individual Investors who try to improve their trading results and become more confident in making investment decisions
When I was a student and studied finance I got a half day job on a trading floor. It was in 1997! Pretty fast they promoted me to a position of a Portfolio Manager. I was 20 years old, but had authority to make trades for millions of dollars.
Back then we traded like blinded monkeys. No process, no analytical software and no great understanding of what and why we do what we do. That was a purely emotional trading based on gut feeling. That is why three years later I quit and found a job on the corporate side. In four years I grew to CFO position and in four more years was promoted to CEO position.
In 2014 I retired and decided to give a chance to financial markets again. That time I decided to do that right. I read probably all the books about trading I could find. I studied candlesticks and indicators. I learned to code and coded probably 500 different indicators and automated strategies. I tried all the ideas I could find. But nothing worked well enough for me.
And then in 2015 I came across Elliott Wave theory that was introduced by R.N. Elliott in 1930s and popularized by Robert Prechter. The cornerstone of that theory is that markets are driven by sentiment of market participants. Our brain has not evolved enough since the prehistorical times when the major reaction to outside events was "fight or flight". We still make the vast majority decisions subconsciously rather than by the process of logic thinking. Because traders and investors alike are driven by fear and greed the crowd sentiment and consequently the price keeps following specific repeating patterns.
The more I practiced that analytical tool the more I liked. However, pretty soon I stumbled upon limitations of that theory. I noticed again and again that price at some stages of impulsive rallies and declines deviated from fractals originally proposed by R.N. Elliott. That was a problem for trading because the main assumption of the theory is that rally will get completed once the fractal gets played out including all its parts. R.N.Elliott was aware of that shortcomings and he acknowledged that sometimes an impulsive wave may get "truncated" or "extended". What that meant is that he acknowledged that price may significantly deviate from the model fractal.
I kept digging around trying for any better tools. I kept asking any professional trader to refer me to trading books of his choice. And finally I was referred to a book by Ian Copsey. That analyst who had been covering currency markets proposed a slight modification of a structure of an impulsive wave. If under the classic theory each impulsive wave 1, 3 and 5 are themselves composed of small five waves, Ian Copsey suggested that all the five waves in the Five Wave fractal are subdivided into three waves a-b-c.
The first time I read a book about the proposed modification it did not resonate with me. I kept practicing the original five wave fractals. But I started to notice that rallies tops out with the very last move to a new high in a-b-c structure rather than an ideal five wave micro structure. The same happened with impulsive structures looking down. The very last move down making a nominal new low and completing the structure was clearly shaped as a-b-c rather than five waves.
At that point I decided to switch to the modified fractals and I have been using them up to now. I have not seen any other methodology that provides you with a complete set of rules to be easily converted into an efficient trading strategy.
In the process of practicing that methodology I made a lot of new discoveries about repeating rations between different parts of fractals. I plan to record and publish another course where I will describe all the findings and improvements I was able to make.