Traders Toolbox: Elliott Wave Theory Revisited...

Trader's Toolbox

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Elliott Wave Theory

"MarketClub is known for our “Trade Triangle” technology. However, if you have used other technical analysis indicators previously, you can use a combination of the studies and other techniques in conjunction with the “Trade Triangles” to further confirm trends.

Elliott Wave Theory categorizes price movement in terms of predictable waves. Beginning in the late 1920s, R.N. Elliott developed his own concept of price waves and their predictive qualities. In Elliott theory, waves moving with the trend are called impulse waves, while waves moving against it are called corrective waves... "

Revisit the Trader's Toolbox Post: "Elliott Wave Theory" here.

6 thoughts on “Traders Toolbox: Elliott Wave Theory Revisited...

  1. Hi Adam,

    Can the trade triangle technology automatcially alerts stocks which are having the triangles of respective length?


  2. Ed,

    Thank you for your feedback. I'll answer your questions in the order you presented them.

    1.) Getting out of the market because market action is contrary to your position is the method I subscribe to. You should always use stops on position regardless of how strongly you feel about a market.

    2.) Sitting and waiting for a position to come back is not the way professional traders trade. One never knows totally how far a market can go either on the upside or downside that is why it is important to (A) be diversified (B) have a game plan for that position (C) Always use stops.

    This is how the majority of professional traders trade. It is for the most part emotion free.

    I hope this answers your questions.

    All the best,

  3. This comment is directed to Adam. I follow your videos and I find them very interesting. However, following technicals say for example gold, I find it difficult how your charts can detect a default of corrective measure in enough time to vacate all positions, especially trading in equities as opposed to gold itself. In an earlier video you did mention that gold could be poised for a pull back. But if a trader vacated his positions just when you mentioned the possiblity of a pull back then at that time the trader would have missed out on possibly a 10% rise from the time of your warning. Therefore my question is this. If you feel confident that you're in a bull market such as gold and the default down is of a corrective nature then on the basis of management money which moves prove to be the most profitable most of the time in the long run:
    1.You attempt to vacate your most liquid positions immediately in an effort to re-purchase when the drop reaches to where you think the blow-off is relatively finished and purchase down because you cannot always pick the ultimate bottom. OR
    2.Sit with your position and wait for that particular market to come back after the correction assuming that you are confident in all of your positions you presently hold.
    Apart from stop losses which approach is the most advantageous for maximizing money management in the long run. I'm sure your best traders have come to some sort of consensus on this approach. Looking forward to hearing your reply. I realize that there is no perfect answer but where do think the leading traders would tend to lean in the given circumstances? Thanks again for your insight Adam.

  4. In an uptrend, when a corrective wave drops below the level of the last price pivot the corrective wave becomes a new impulse wave and so the trend has reversed and you are in a new downtrend. The oppposite happens when you are in a dwntrend.

  5. Hello dear Adam and dear costumers of this web.

    I appreciate your videos and find them very useful.
    I would kindly ask you to advise me some reliable broker company such us ECN where I can trade without worries for my stops and access to market.
    Thank you in advance,
    Looking forward to hearing from you.

    1. Iho,

      Thank you for your feedback.

      There are many good brokers out there. We do not as a company policy recommend any one broker. You may want to visit the homepage of and on the right hand side you will see some brokers listed there. You may want to look into them for your business.

      All the best,

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