Many thanks to everyone who left their comments on my first tutorial, the essentials of tramline trading very helpful and encouraging. If you missed it you can watch it here.
This week I explain the basics of Elliott wave theory and how to use it to your advantage in your trades.
Elliott wave theory is a complex and, to the uninitiated, seemingly arbitrary tool. But once you have a grasp of the basics, and used in conjunction with other technical analysis methods, it can prove very useful in forecasting market trends.
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In this video, you will learn:
The key principles of Elliott wave theory; What corrective waves are; The significance of the ABC wave pattern; How to apply it in practice to real-time trades.
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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