Thursday, May 17, 2012

Elliott Wave Tutorial ~ The Basics

This tutorial is for everybody who is a complete beginner in Elliott Waves and likes my charts but doesn’t (but wants to) understand them.

Do you remember your first driving lesson?

There were so many new things: You had to change gears, you had to remember which pedal is which, and you even had to watch the traffic. You slowly improved the more you practiced. It wouldn’t have helped you if your driving instructor had told you how to drive in theory. You needed practice.

It’s the same with Elliott Waves. There are like hundreds of rules and even more guidelines. I could write down all of them in this tutorial and you could learn all by heart. However, I think you wouldn’t really learn anything and it would get boring very fast. That’s why I only included the most important rules and guidelines and added many charts and exercises at the end of chapters 2 and 3 so that you can practice what you’ve just learned.

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