The 3 Essential Parts of an Elliott Wave Trade - Part 3

By Elliott Wave International

Would you like to improve your ability to trade -- not only with a clear understanding of the Elliott Wave Principle, but also by learning how and when to act on your wave count?

According to Senior Analyst Jeffrey Kennedy, there are the three key components of a successful trade.

In this final lesson -- adapted from the Visual Guide to Elliott Wave Trading, a No.1 Bestseller on Amazon -- Kennedy explains his third step for a high-confidence trade setup in Caterpillar: Manage the Trade (You can read Parts 1 and 2 by clicking below): Continue reading "The 3 Essential Parts of an Elliott Wave Trade - Part 3"

The 3 Essential Parts of an Elliott Wave Trade - Part 2

By Elliott Wave International

Three steps may sound simple enough. Yet if you have any experience trading, you know that nothing about trading is easy. Education is imperative. So is preparation.

Senior Analyst Jeffrey Kennedy knows that it takes skill, discipline and courage to execute a successful trade. His new book, Visual Guide to Elliott Wave Trading (coauthored with Wayne Gorman), picks up where Frost and Prechter's classic textbook Elliott Wave Principle leaves off: It gives you the perfect blend of traditional textbook analysis and real-world application.

According to Kennedy, there are three key components of a successful trade: Continue reading "The 3 Essential Parts of an Elliott Wave Trade - Part 2"

The 3 Essential Parts of an Elliott Wave Trade - Part 1

By Elliott Wave International

When it comes to improving your wave-based analysis and technical trades, three steps may sound simple enough. Yet if you have any experience trading, you know that nothing about trading is easy.

Senior Analyst Jeffrey Kennedy knows that it takes skill, discipline and courage to execute a successful trade. In the new book he has coauthored with EWI's Wayne GormanĀ  Visual Guide to Elliott Wave Trading, he picks up where Frost and Prechter's classic textbook Elliott Wave Principle leaves off to give you the perfect blend of traditional textbook analysis and real-world application.

According to Kennedy, there are three key components of a successful trade:

  • Analyze the price charts.
  • Formulate a trading plan.
  • Manage the trade.

In this excerpt (Part 1 of 3), Kennedy examines a high-confidence trade setup in Caterpillar (CAT).

Part One: Analyze the Price Charts Continue reading "The 3 Essential Parts of an Elliott Wave Trade - Part 1"