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Do You Know What A "High-Probability" Trade Setup Looks Like?
Elliott Wave Junctures latest video lesson shows you the 4 simple steps to identifying a high-probability, low-risk trade -- in ANY liquid market
By Nico Isaac
Mon, 21 May 2012 15:15:00 ET
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Take a look at the chart below. This is an actual price chart of Wynn Resorts (NASDAQ: WYNN). Now ask yourself the following 6 questions:

  1. Is the rally from the December 2011 low indicative of the larger trend?
  2. If the larger trend is bullish, how high will prices rise?
  3. If the larger trend is bearish, and the rally off the December 2011 low has only been an upward correction, when will prices peak? And how low will they fall?
  4. Where is the optimum place to enter a trade?
  5. Where do I place my protective stop?
  6. How will I know if my position is wrong before I get a margin call?
 
Now ask yourself this: Does my method of market analysis answer every single one of these questions? If it doesn't, then your trading may be like driving a car with no brakes.
 
The Elliott Wave Principle is a well-proven market discipline that helps you answer ALL of those 6 questions. As for how -- in his May 15 Elliott Wave Junctures video lesson titled "How to Identify a Trade," EWI's senior analyst Jeffrey Kennedy gives the lay of the land.
 
In this insight-packed 9-minute micromentary, Jeffrey shows you the 4 simple steps to establishing a high-probability, low-risk trade via Elliott analysis (and other "trend reinforcement" tools).
 
What's more, Jeffrey demonstrates to you exactly how to use these 4 steps on the real-world price chart of the NASDAQ-listed stock, WYNN.
 
Here's a brief pre-cap of this insight-packed May 15 Elliott Wave Junctures video trading lesson:
 
  • Step 1: Chart Pattern Recognition. Jeffrey shows you how to identify the precise Elliott wave structure underway from the December 2011 low.
  • Step 2: Quality Control: Jeffrey makes sure the specific Elliott rules and guidelines are present. 
  • Step 3: Ancillary Tools: Jeffrey consults his 3 "core" supplemental technical analysis tools to make sure things do indeed line up with his Elliott wave labeling.
  • Step 4: Trade Plan: After -- and only after -- price action confirms his Elliott wave count does Jeffrey suggest a short trade, including entry point and protective stop (shown below). 
 
 
The "nice move to the downside," is, as Jeffrey puts it, "exactly the way price action should resolve."
 
The numbers add up: 9-minute May 15 video trading lesson, 4 simple steps, 1 high-probability trade setup -- and an infinite amount of other trade possibilities in the world's financial markets.
 
EWI's brand-new Elliott Wave Junctures service lets you watch and truly learn, at your own pace, from a true Elliott wave master. Subscribe today and get instant access to the May 15 video described above -- plus the entire Elliott Wave Junctures library. (That's 20+ unique video trading lessons!)
 
 
 

Experienced Mentor to Teach Me How to Spot Trading Opportunities in the Markets I Follow

(But I have some demands!) 

 

  • Must provide real-world trading lessons at least 3-5 times per week that will help me spot and act on high-probability trading opportunities
  • Must cover all critical aspects for trading success including: strategy and tactics, Elliott wave analysis, technical analysis, multiple timeframes, multiple markets, and more. 
  • Must have 20+ years of market experience, taught thousands of students around the world how to improve their trading, and a history of being published in major trading publications such as SFO Magazine and FuturesMag. 
  • Must provide on-screen video instructions combined with helpful PDF notes that I can review as many times as I like.
  • Must allow me to test out his lessons risk-free for 30 days and refund me in full if I decide committing to his educational track will not improve my trading. 
Sounds like an unreasonable (if not crazy) request until you discover that this is exactly what EWI's NEW service, Elliott Wave Junctures, will do for you.
 

Tags: Elliott wave, Elliott Wave trading, Jeffrey Kennedy, Traders, trading lessons
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.