Elliott Wave Trading Q&A: Instruction AND Application from Senior Analyst Jeffrey Kennedy

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Elliott Wave Trading Q&A: Instruction AND Application from Senior Analyst Jeffrey Kennedy
Hear tips on technical indicators and about how to improve your trading with Kennedy's educational service.

By Jill Noble
Thu, 02 Aug 2012 11:45:00 ET

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There's no shortage of actionable trading information out there, for every kind of trading style -- countless newsletters, books, and websites to choose from.

But how do you know when to apply this information to your trades?

If you're an experienced trader, you know that the answer to this "million dollar question" is elusive indeed.

Recently I had the pleasure of sitting down with EWI Senior Analyst Jeffrey Kennedy to find out how he empowers aspiring traders to make the best of their technical tools with his new educational service, Elliott Wave Junctures. Here's a glimpse into what subscribers can learn:

What kinds of indicators do you use in your analysis, and how do you suggest that a new student approach non-EW tools?

I use the standard. I'd say that RSI would be my number one pick. Number two would be MACD and the MACD-histogram. I'm a big fan of Japanese Candlestick analysis. The Wave Principle is my canvas, and these other ancillary tools are my paints and my brushes.

I always will be an Elliottician, but these other technical tools have merit and are indeed worthwhile: they allow me to build a case, build a more confident reason for making a forecast and for taking a trade; making a trading decision

Please tell us a little about how you incorporate these ancillary tools in Elliott Wave Junctures.

The primary purpose of my new service is educational. I am able to share my knowledge; and the scope is not limited to teaching subscribers the Wave Principle. I'm able to discuss its application, in a real-time market environment, and to cover other forms of technical analysis. I get to teach different technical indicators and oscillators as well as some of the proprietary techniques that I've developed myself over the years.

The focus is on real-time, unfolding events; sometimes historical, but I keep it educational, relevant and timely. It's not limited only to Elliott. It's all-encompassing of the entire body of knowledge in technical analysis.

The primary focus is not just instruction, but application.

What sets your new Elliott Wave Junctures service apart from the other subscriptions?

Application is very important to me. It's one thing if someone shows me a blank price chart, and then shows me the same chart, labeled "before-and-after," that's very static; it's very black-and-white. It may be a good example of how to apply the Wave Principle, but there's nothing exciting about it.

If I'm going to be able to empower my subscribers, which is what I'm passionate about, I want to teach them to do it for themselves. To do that, I need to show how the process unfolds; dynamic, proactive, absolutely.

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Learn to Spot the Trading Opportunities These Elliott Wave Junctures Subscribers Have Seen

"EWJ has helped me spot and apply lots of tradable opportunities. But its real benefit for me is as reference material to confirm my own analysis and position prior to entering into a trade."

-Andrew A

Each week, Elliott Wave Junctures analyst Jeffrey Kennedy presents 3-5 trading lessons to teach you how to spot trading opportunities in your charts. These 5-10 minute video lessons are easy to understand. They will help you master the many critical aspects of identifying -- and acting on -- high-confidence trading opportunities.

But don't take our word for it; see for yourself what subscribers say about their experience with Elliott Wave Junctures.

Editor's note: You can read another excerpt from the recent interview with Jeff here >>.

Tags: Elliott Wave Education, Elliott Wave Principle, Elliott Wave trading, Jeffrey Kennedy, technical analysis, technical indicators, 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.