Applying Elliot Wave Theory Profitably

I was torn between 3 or 4 stars - so let's say 3 ½...The book was ok - and I am glad I read it...But it is expensive and could be MUCH better with a few changes. EWT is very complicated - so these items would greatly enhance the reading/learning experience:-It needs a bullet summary at the end of each chapter.-It needs a Glossary of EWT terms.-It needs a chapter or Appendix just to enumerate/tabulate the many EWT rules and almost-rules...These are scattered throughout the book-The charts are terrible - they are very hard to read.It is obvious that Poser knows his theory and the book is full of insights, but for the premium price he should have taken the above items into consideration...But I am glad I read this (my first book on EWT) - I learned much.On the theory itself, well I am no expert - but I think it is just another tool in the Technical Tool kit...I think EWT is a great way to model market sentiment and market behavior - but it is often wrong, and not stand-alone...Even Poser reflects this several times. How accurate is it - not sure - there are so many possible combinations of waves - in hindsight, you can always pick a series of patterns that fits the "Theory"...Actual predictive value? Well many EW theorists have been predicting doom and gloom for the last 20 years...Then there were those predicting Dow 36,000 in 2010..So they are all over the map...Lets look to today at January 11th 2009....Are we starting a new 5-wave impulse bull market - or is this just a corrective A wave? You probably will not know for quite some time after other technical indicators have given a signal. IMHO of course...But I am a nubile to EWT and am happy to be enlightened by anyone with more knowledge of EWT - or another book to recommend as further study.

Elliott Wave Theory is a difficult form of market analysis to learn, and even more difficult to apply to trading in real time.Poser offers a practical perspective on applying Elliott Wave Theory to a variety of markets, with a focus on two things: 1) learning Elliott Wave Theory, and 2) developing your own trading plan using it. He delivers on both counts.Poser eschews the mysticism some Elliott Wave authors revel in, and instead cuts right to the pragmatic applications it holds for traders and investors. He offers a straightforward approach to developing sound wave counts and reasonable alternative wave counts.The trading plan walk-through with complete examples, offer the new trader a solid foundation to build on and a professional-grade example to emulate. For the experienced trader, Poser provides a good reminder of the fundamentals of trading discipline and realistic examples of how to incorporate Elliott Wave Theory into a professional trader's trading plan.

I've traded off and on for years now (Forex) and though I've done moderately well, it wasn't worth the anxiety I suffered watching each tick play out.I need to feel comfortable and confident with my trading. I also needed to know when to anticipate best entry/exit.This book not only allowed me to do that but it GREATLY decreased the size of my losing trades. No matter what, you will have losers but with this book you will know when your trade has taken a turn for the worst and get out quickly.Another huge advatage I gained by reading this book is that I no longer sit by my computer watching the ticks go by. I now enter a trade and forget about it. I check in every morning and evening to see if my limit or stop was hit and to review my charts a bit but that's about it.Charting has become entertaining rather than a task. It's amazing when you start seeing these patterns jumping out at you.Now I will also add here that Wave Theory alone is NOT enough. You've got to use indicators as well to determine whether your wave count is even accurate but do this and you will be on your way to profitable trading.Bottom Line: This is definitely a GREAT book and well worth the money.

Although you learn the general basics about elliott wave principle, the method has evovled and been modified greatly throughout the years and this author is NOT the premier elliotician. And judging by some of his future predictions in the book and how wrong they were, it's no wonder why I he hasn't been heard from since writing this book. I'm a bit bitter because I was going to choose between this book and another to learn elliott wave principle and I chose this one and followed it for about a year and struggled the whole way. Then I got the other book and the Red Sea parted for me and my trading accounted benefited greatly. So this was not a good book to learn elliott wave principle, in my opinion.

but what the author is repeating again and again and again in his book are those most important concepts that introduced by Elliot. It's perfect for beginners who just finish reading the Principle book and find some problem in this practical book, then go back to principle again.i bought the principle and this book, and have been switching between these two for quite a while. Every time, I can find myself some thing to remember.

Its an OK book without much appeal for a serious student of Elliott Waves.This is one of these books that feel like an author wanted to have a right to say "I wrote a book on the subject".If you read Neely 15 times and actually GET it (that is usually how long it takes :) , you do not need this book. If not, this book won't make much difference.Not to say anything negative about author's knowledge or experience, G-d forbid. He seem like a very knowledgable person. But knowing something and teaching it - are two different things.

This book is absolutely drastic that just gives a basic theoretical application of the EW's. While the only upside is some look into the fundamentals application ...

Bought this to see if Poser could disavow me of the notion that Elliott Wave is hokum. He didn't.

Recieved the book finally.A very good book in EWe. It must be read.Condition is good.Printed at USA.Though old buyer has done few pencil work which is useful.Total 5 stars.

My opinion is neutral on this book.

Arrived dead on the promised delivery in good order & very satisfied. Would recommend to others.