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Eating Broccoli Makes You a Better Trader. Google It!
The June 1 video trading lesson from EWI's Elliott Wave Junctures service shows you an ideal fractal trade set-up in 3 liquid markets, including Google, Inc. [NASDAQ: GOOG]
By Nico Isaac
Tue, 12 Jun 2012 17:15:00 ET
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We all know eating veggies keeps you healthy. Turns out, it can also make you a better technical trader of liquid finanical markets. The reason being: The ideal model of the Elliott Wave Principle is a big, strong head of broccoli.

Here's the gist: Elliott wave analysis reveals that financial markets progress in 5 unmistakable waves. These 5 waves are divided as such:
 
  • Waves 1, 3, and 5 are impulsive: Unfold in 5 waves (of one smaller degree) of their own. They are non-overlapping and strong, and they define the larger trend.
  • Wave 2 and 4 are corrective: Unfold in 3 waves. They are choppy, complex and go against the larger trend.
In the idealized diagram below, you can also see the other key characteristic of the 5-wave Elliott wave structure: It is fractal in nature. Meaning, it is repeated in self-similar moves at varying degrees of trend.
 
Look: Wave 1 (circled) subdivides into 5 waves; wave (1) of 1 (circled) subdivides into 5 waves; and wave 1 of (1) of 1 (circled) subdivides into 5 waves -- exactly like broccoli. As Bob Prechter puts it in "Prechter's Perspective,"  
 
"If you take a stalk of broccoli...and you break off a piece near the top, the piece you break off looks exactly like a stalk of broccoli. If you break off a smaller piece from it, it also looks exactly like a stalk of broccoli -- just smaller. The components take the shape of the whole." 
 
Now, in the June 1 Elliott Wave Junctures video trading lesson titled "The Importance of Fractals," our senior market analyst Jeffrey Kennedy divulges one of his best-kept secrets, saying:
 
"The number one [trade] set-up I like to see when I'm looking for trading opportunities is a 3-wave move within parallel trendlines. Simply put: a countertrend move, [an A-B-C]."  
 
"One of the most powerful aspects of the Wave Principle is that I can look for this very same, very specific pattern on multiple time frames and in multiple markets. And they ALL mean the same thing: The move will be fully retraced once complete. "
 
You can see this ideal trade set-up on the diagram above: See how the waves 2 and 4 (both A-B-C moves) get 100% retraced once they end?
 
In the second half of this Elliott Wave Junctures video, Jeffrey shines the web-cam light on real-life past-and-potential future opportunities:
 
  • Two identical A-B-C moves on a 10-minute and 2-minute price chart of Google (GOOG).
  • One multi-month A-B-C pattern on a daily price chart of Direct TV Graphic (DTV)
  • One multi-year A-B-C pattern on a monthly price chart of the NASDAQ 100 dating back to 1996
Bottom line, says Jeffrey,
 
"3-wave moves are very significant, regardless of the time frame. These are exactly what I look for when I look for opportunity."
 
So, what are you waiting for? Watch this important June 1 Elliott Wave Junctures video trading lesson online now.
 
FREE BONUS: Subscribe today and get instant access to the complete Elliott Wave Junctures video library going back to April 2, 2010 -- that's 39 unique video trading lessons!
 

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

(But I have some demands!) 

1. 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.

2. Must cover all critical aspects for trading success including: strategy and tactics, Elliott wave analysis, technical analysis, multiple timeframes, multiple markets, and more. 
3. 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. 
4. Must provide on-screen video instructions combined with helpful PDF notes that I can review as many times as I like.

5. 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 unreasonable (if not crazy) demands? Maybe -- until you discover that this is exactly what EWI's NEW service, Elliott Wave Junctures, does for you. 

 
  
 

 

 

Tags: Bob Prechter, Elliott wave, Elliott Wave trading, Jeffrey Kennedy, Robert Prechter, Prechter's Perspective, 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.