How to trade Elliott Wave

We've just published a new T2W article called "How to trade Elliott Wave" by Tony Beckwith.

Quick Summary: Elliott wave analysis can be a very handy tool for traders.

PS. Don't forget to rate the article after you've read it and share your comments on this thread.

In this article, Tony Beckwith discusses how Elliott wave analysis can be a very handy tool for traders.

trade 3'c and c's

leave the rest, its too complicated

Having read this article, I still can't see how EW theory can be applied other than retrospectively, and even then it often seems dubious. Having read a bit about it a while ago, I saw BIll Adlard's presentation at the MI seminar when he prefaced many of his slides with the words 'as you can clearly see' or similar. In subsequent discussion it emerged that I wasn't the only one that couldn't.

I simply don't see how it can be relied on as a predictive tool anymore than any form of conventional TA can. It reminds me of those aerial photos which the intelligence community say clearly show nuclear silos or whatever, when they seem to everyone else as if they could equally well show that the cameraman has photographed his own left boot.

Anyone, well most people, can be wise after the event. Post event wisdom seems to me to be the best EW theory offers.

Discuss !!!

My problem with EW is that if you ask two people to interpret the waves, they will definitely not agree on the form. Not only that, each individual will have doubts about his/her analysis.

Is there any easier way to do this? I have not giving up on theory yet, becuase the fundamental concept make more sense than any systems up there.

Some people try to combine EW with Fibonacci/Gann time and price projections or Delta to improve the accuracy. I looked in to this but still found it highly subjective. There are better methods but people won't share something that works well. The best way is to work out your own methods.

Yes precisely.