Welcome to my second video tutorial on how to use Elliott wave theory in your trading.
In this video, I aim to show how Elliott wave theory can work across many timeframes.
I look at a textbook example of how to use the theory from the gold market. Note that my example is from August, so the market has moved on from then, but the main principles still apply.
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In this video, I expand on the two main principles of Elliott wave theory:
In any bull or bear market, the market travels in five main waves. The fifth wave is followed by an ABC correction.
After the correction, we get a resumption of the main trend.
If you have not yet seen my introductory video on Elliott wave theory, watch it here:An introduction to Elliott wave theory
And if you haven't seen them yet, or you would like a refresher, do take a look at my other video tutorials.
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.
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