Category:Ralph Nelson Elliott
Sooner or later, all traders have to face this theory, but its technique doesn’t allow to abandon other theories or not to know them. The problems relative to the Elliott Theory are essentially interpretive problems. The succession of waves is quite simple and the count is mechanical; yet, according to many authors, the uncertainty from which point to start the study combined with huge exceptions will cause the Elliott Theory to be 70% unusable.
Some Americans, and some Australians are doing some alike, developed Advanced GET, a software able to count and position the Elliott Waves, even able to recognize projection points of consecutive waves.
The seriousness in suggesting calculations combined with a refined management of operating signals makes this software a leader in its industry, and it is highly recommended for the Elliott Theory advocates. This software cannot be taken into account for opening or closing positions but it must be known and understood in order to provide a comprehensive framework for considering both, the analysis techniques and the markets which are our analysis object.
That's why, even if briefly, the Elliott Theory finds place in this section.
- To follow a logical thread you may click on "Ralph Nelson Elliott sequential index" where entries are grouped by chapters as in a book.
- Much of the elements mentioned in this section were taken from the CD "The Master Technician" and "Technical Analysis Volume 1", both edited by Stefano Fanton.
Pages in category "Ralph Nelson Elliott"
The following 20 pages are in this category, out of 20 total.