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Gorman and Kennedy, CMT1 Chapter 1

Chapter 1: The Anatomy of Elliott Wave Trading

  • Intro
  • How the Wave Principle Improves Trading
    • How the Wave Principle Improves Upon Traditional Technical Studies
    • Five Ways the Wave Principle Improves Trading
      • Identifying the Trend
      • Identifying the Countertrend
      • Determining the Maturity of a Trend
      • Providing Price Targets
      • Providing Specific Points of Invalidation
  • The Four Best Waves to Trade
    • 3, 5, A, and C are the most advantageous to trade
      • because they are oriented in the direction of the one larger trend.
    • Five-waves moves determine the direction of the larger trend
    • Three-wave moves offer traders an opportunity to join the trend.
  • Elliot Wave Trade Setups
  • When to Trade Corrections
  • Guidelines for Trading Specific Elliott Wave Patterns
    • Impulse Waves
    • Ending Diagonal
    • Zigzag
    • Flat
    • Triangle
  • The Neglected Essentials– Risk Management and the Psychology of Trading
    • Intro
    • Risk-Reward Ratio
    • Trade Size
  • The Psychology of Trading