Bennett McDowell – Elliot Wave Techniques Simplified: How to Use the Probability Matrix to Profit on More Trades

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Elliot Wave Techniques Simplified: How to Use the Probability Matrix to Profit on More Trades , Bennett McDowell – Elliot Wave Techniques Simplified: How to Use the Probability Matrix to Profit on More Trades download

Bennett McDowell – Elliot Wave Techniques Simplified: How to Use the Probability Matrix to Profit on More Trades

Based on the principles of visionary analyst Ralph Nelson Elliott, the time-tested techniques you’ll find in this book have helped successful traders navigate the waves of the financial market since the 1930s. Now you can apply these classic but complicated methods using a modern, simplified approach that will help you identify cycles, anticipate trends, and cash in on your trades.

Developed and written by financial market expert Bennett A. McDowell—founder of TradersCoach.com®—this easy-to-use guide shows you how to:

* Take the guesswork out of your trading strategy

* Read mass psychology signals and avoid emotional trading

* Identify market wave counts with the highest probabilities

* Combine classic and modern techniques for better results

* Anticipate and prepare for future price action in the market

* Sharpen your trading and forecasting skills for long-term success

Unlike other trading guides, this book provides a complete, systematic approach to Elliott Wave techniques based on “McDowell’s Probability Matrix,” a unique and powerful tool for verifying the signals of market trends and cycles through historic prices and patterns. You’ll find real-world case studies and step-by-step trading rules for McDowell’s favorite trade setups including the Flat Bottom Breakout and Wave 5 Breakout. You’ll be able to create your own probability matrix to identify the highest probability tradesand you’ll hear a firsthand account of McDowell’s system in action from a student of the “Trader’s Coach” himself. Best of all, you won’t need any specialized software other than the charting platform and market data feed you’re already using. If you need more guidance, the book supplies you with additional resources at no extra cost.

Financial markets are hard to predict. But the probability of your success is bound to be higher—and a whole lot easier—with Elliott Wave Techniques Simplified.

Editorial Reviews
From the Publisher
Bennett A. McDowell is the founder of TradersCoach.com® and creator of the ART® trading software.. He is also the author of A Trader’s Money Management System, Survival Guide for Traders, and The Art of Trading. McDowell speaks at trading conferences regularly and writes articles for Technical Analysis of Stocks & Commodities magazine and other trading publications.

From the Back Cover
“I love this book. The book answers many of the questions about the Elliott Wave technique of trading . . . highly recommended.”

– Larry Jacobs, Editor, Traders World magazine

“Bennet McDowell clearly explains how you can combine Elliott Waves with other techniques to identify tops and bottoms in the markets. Applying the methods discussed in this book will sharpen your forecasting skills.”

– Jayanthi Gopalakrishnan, Editor, Technical Analysis of Stocks & Commodities magazine

“Elliott Wave Techniques Simplified will almost certainly take you on a road that leads to more profitable trading and investing results.”

– Toni Turner, author of  A Beginner’s Guide to Day Trading Online, Second Edition; A Beginner’s Guide to Short-Term Trading, Second Edition; Short-Term Trading in the New Stock Market; and Invest to Win: Earn & Keep Profits in Bull & Bear Markets with the GainsMaster Approach

“Bennett presents a well written book on both the classic Elliot wave theories and adds some great tips on how to check or confirm your wave counts. This is a great place to start for anyone interested in this methodology.”

– Carolyn Boroden, author of Fibonacci Trading: How to Master the Time and Price Advantage

“Elliott Wave Simplified does exactly what the title says, it truly simplifies the sometimes esoteric principles of Elliott Wave . . . Bennett helps propel your confidence with Wave counts by revealing his unique probability matrix to eliminate the “guesswork” with some Wave counts.”
– Steve Nison, CMT, Founder and CEO of Candlecharts.com, author of Japanese Candlestick Charting Techniques

“With this book, you can learn how Bennett McDowell’s system may help increase your odds for success, by harnessing the power of probability forecasting.”

– Gabriel Wisdom, host of the Financial Wisdom radio program

“As always, Ben McDowell does an excellent job of explaining a complicated subject, plus Ben adds a new dimension to the analysis with his Probability Matrix — taking some of the vagueness out of the analysis.  Whether or not you rely on Elliott Wave analysis, this book will explain it in such a way that you’ll be able to decide it if belongs in your arsenal of technical “weapons” or not.”

– Lawrence G. McMillan, President McMillan Analysis, author of Options as a Strategic Investment

“R.N. Elliott developed his wave theory based on the discovery of harmonious patterns within the laws of nature.  Now Bennett McDowell has taken Elliott Wave analysis to a new watermark, sharing his Probability Matrix to provide traders and investors with an objective framework to evaluate any stock or market in detail.  Ben’s combination of classic and modern Elliott interpretations, along with insider insights into additional indicators to verify signals, make this a truly useful addition to the trading landscape.  Newer traders and market veterans alike will enjoy the many lessons shared by a real-world trader and renowned educator to guide them though the many facets of successful trading.”

– Price Headley

, CFA, CMT, Founder of BigTrends.com

About the Author
Bennett A. McDowell is the founder of TradersCoach.com® and creator of the ART® trading software.. He is also the author of A Trader’s Money Management System, Survival Guide for Traders, and The Art of Trading. McDowell speaks at trading conferences regularly and writes articles for Technical Analysis of Stocks & Commodities magazine and other trading publications.

Product details

Publisher ‏ : ‎ McGraw Hill; 1st edition
Language ‏ : ‎ English
File size ‏ : ‎ 13531 KB

About the author
Bennett McDowell

San Diego, CA USA

Bennett McDowell is the founder and president of TradersCoach. He developed the Applied Reality Trading® (ART®) software and home-study course, featuring the Pyramid Trading Point® indicator.

These products are now used by traders worldwide and the ART® trading system has been favorably reviewed by leading industry publications, such as Stocks & Commodities magazine and Traders World magazine.

Mr. McDowell was honored to be included as a member of the eSignal “Trading With The Masters” team, and his company, TradersCoach.com®, received a Stocks & Commodities “Reader’s Choice Award.”

Considered an expert in technical analysis and complex trading platforms, he lectures nationally and writes articles for many leading trading publications and Web sites.

Mr. McDowell began his financial career on Wall Street with J.J. Kenny Co.; and then became a Registered Securities Broker and financial advisor for Prudential Securities and Morgan Stanley.

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