A lesson in trading with Elliott waves

The US Treasury bond market recently offered a superb lesson in using Elliott waves to time your trades – and what to do when things don't go according to plan. John C Burford explains.

Today, I will follow up on my article of 30 July, where I covered the US T-Bond market. It's just offered a superb lesson in how I use Elliott waves and what I do when the waves do not develop as I expect.

Back then, the market was making new highs, and I set out my case for suspecting a top in that region.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.