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Elliott Wave Trading · Elliott wave technique are obvious. Most of them increased their profitability by more than 40% since using the Elliott waves. But increasing profitability

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  • Elliott Wave Trading

    A nuts-and-bolts professional approach Exercises in REAL TIME CASES

    4

    Advanced Level ---------------------------------------

    Dr Mircea Dologa

  • ------------------------------------------------------------------------ Elliott Wave Trading

    A Nuts-and-Bolts Professional Approach

    Exercises in REAL TIME CASES Advanced Level Volume 4 ------------------------------------------------------------------------ Copyright 2018 by Dr Mircea Dologa

    Date of Publishing – January 10th, 2018 Printed in France

    Copyrights Notice ALL RIGHTS RESERVED: No part of this material may be reproduced without written permission from the publisher and the author. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, photocopying, electronic, mechanical, or otherwise, without the prior permission of the publisher and the author. Library of Congress Cataloguing-in-Publication

    Protected by United States Copyright Law Certificate of Registration issued under the seal of Copyright Office in accordance with title 17, United States Code. ISBN (13) 978-2-9562104-2-9 EAN 9782956210429

    www.pitchforktrader.com Paris – FRANCE

  • Why this Elliott Wave Trading Book?

    Common sense incites us to acquire a consistent technique that will give you confidence and help you to obtain consistent profits. For the experienced traders the merits of Elliott wave technique are obvious. Most of them increased their profitability by more than 40% since using the Elliott waves. But increasing profitability is a question of method, not only on assimilating this technique, but also on practicing it. Compared to the existing Elliott wave books, we tried to reach two objectives:

    o First, the presentation of applying the epistemology science in the process of faster assimilation of basics and of advanced material of Elliott waves. This method of building knowledge blocks, sort of modules, is used in all our four Elliott wave books in such a way that each module can be easily assimilated individually. Then, we will consider them globally and then intricate them, for an immediate memory retention and applicability. During the last century, along the decades, epistemology proved to accomplish excellent results. There is more about this subject farther, in Introduction Section.

    o Second, the sharing of our “know-how” of the practice of Elliott waves. We call it “the nuts-and-bolts professional approach”. Knowing that there is always a problem of finding the correct Elliott wave labelling, we have worked out a new approach towards a high probability outcome. We have also emphasized the dynamic aspects of the wave movements based on kinetic energy source building-up of the waves. This becomes highly beneficial to the trader, knowing that an established highly probable scenario could be invalidated by the market, in a blink of an eye. The transition phase from a highly probable scenario to the initially less probable one is here underlined with their invalidation and validation parameters. Once again, the trader’s flexibility based on sound criteria, takes here all its importance. We consider that it is inconceivable to practice successfully Elliott waves without the top-down approach using the multiple time frames. Taking a trading decision using just a small portion of a single time frame chart is an archaic way of trading. We have plainly emphasized this aspect of Elliott wave trading.

    Furthermore, we invite you to examine the Contents of our books for an extensive perusal of our work. The essence of becoming a consistent trader is to understand the overall context of the market, and specialize in one of the techniques that are working for various markets in any of the two possible states: trending or non-trending! This being said, the Elliott waves can best fulfil these conditions.

    By writing these series of four Elliott wave books, our objective was to take the trader from the starting blocks to the high territories of the green grass plateaus…! Conclusion After several decades of practice and teaching, we have decided to share our research and experience with the trading community colleagues. We firmly believe that the intelligent Elliott Wave Practice is one of the most reliable and consistent techniques for the astute trader. It harmoniously respects and obeys the four principles enumerated below:

    o Finding where the market is coming from, where it is located now and where it is heading, o A time-price ethereal space as the trading arena of the market flow evolvement, o A ubiquitous usefulness in trending and even in sideways movements of various markets, o And finally, an ergonomic and profitable intricacy with risk and money management.

  • Elliott Wave Trading - A Nuts-and-Bolts Professional Approach – Volume 1

    Copyright 2016 by Dr. Mircea Dologa - All Rights Reserved - www.pitchforktrader.com

    487

    Volume 4

    Advanced Level 450 pagini – 410 charts – 10 Excel files & Tables

    by

    Dr Mircea Dologa, MD, CTA Contents – Volume 4 -------------------------- Introduction

    Push the Limits of your Learning Curve Behind the Invisible Why this book? Epistemology Conclusion Disclaimer

    Chapter 1 – Nuts-and-Bolts of a Profitable Elliott Wave Trader

    Write the trading plan, stick to it and trade the trading plan 1. Conceive the Most Probable Scenario of the Market Flow 2. Plan a Second Scenario and Specify when the First will be Invalidated 3. Establish the Key-Levels & Limits of the End-Run Phenomenon

    3.1 Price Key Levels Locations 3.2 Directional & Inverted Drawn Pitchforks 3.3 Orthodox & Un-orthodox Drawn Trend Lines 3.4 Curvilinear Limit Drawings

    4. Establish the Kinetic Energy Source Responsible for Wave Strength 5. Apply the Top-Down Technical Analysis

    5.1 Dominant Trend on Each Time Frame 5.2 Structure of the Last Bar (s) 5.3 Behaviour of the Last Bar (s) 5.4 Projections of the Current Swing & Last Bars

    6. Gaps Employ in Immediate Wave Projections 7. Detecting the Best Time-Zone for Intraday Trading ? 8. Detecting the Best Time-of-the-Day for Intraday Trading ? 9. Detecting the Correction Ending (usually a C-wave or a E-Wave) in Trade Preparation Process 10. What is the Best Time Frame for Intraday Trading ?

    10.1 Track a 5-min chart ? 10.2 Track a 15-min chart ? 10.3 Track an hourly chart ?

    11. Continuous Quote Monitoring of Entire Index Stock Array to Determine the Market Flow Behaviour

    12. Trader’s Journal – Keep Notes on Thoughts 13. Key Points to Remember Chapter 2 – Trading W1 Wave Early ending detection of the ABC pattern of prior cycle guides the W1 trade profitability

    1. Description 2. Specific Geometric Patterns 3. Focus on Terminal Sub-Wave of C-Wave of ABC Pattern 4. Errors to be Avoided in W1 Trading 5. Trading Techniques

  • Elliott Wave Trading - A Nuts-and-Bolts Professional Approach – Volume 1

    Copyright 2016 by Dr. Mircea Dologa - All Rights Reserved - www.pitchforktrader.com

    488

    6. Errors to be Avoided and their Corrections 7. Key Points to Remember Chapter 3 - Can W2 Wave be Traded ? Only a professional approach can succeed in W2 trading !

    1. Description 2. Specific Geometric Patterns 3. Focus on Terminal Sub-Wave of W1 4. Professional Approach - Errors to be Avoided in W2 Trading 5. Trading Techniques 6. Errors to be Avoided and their Corrections 7. Key Points to Remember Chapter 4 – Trading W3 Wave Depth degree of W2 guides the W3 trade profitability

    1. Description 2. Specific Geometric Patterns 3. Focus on Terminal Sub-Wave of C-Wave of W2 4. Trend Line Angles as Strength / Weakness Mesures of W3 5. Errors to be Avoided in W3 Trading 6. Trading Techniques 7. Errors to be Avoided and their Corrections 8. Key Points to Remember Chapter 5 - Can W4 Wave be Traded ? Only a professional approach can succeed in W4 trading !

    1. Description 2. Specific Geometric Patterns 3. Professional Approach - Errors to be Avoided in W4 Trading 4. Trading Techniques 5. Errors to be Avoided and their Corrections 6. Key Points to Remember Chapter 6 – Trading W5 Wave Width & depth degree of W4 guides the W5 trade profitability

    1. Description 2. Specific Geometric Patterns 3. Focus on Terminal Sub-Wave of C-Wave or E-Wave of W4 4. Trend Line Angles as Strength / Weakness Mesures of W5 5. Errors to be Avoided in W5 Trading 6. Trading Techniques 7. Errors to be Avoided and their Corrections 8. Key Points to Remember Chapter 7 – Trading A-Wave Early ending detection of the W5 guides the A- wave trade profitability

    1. Description 2. Specific Geometric Patterns 3. Focus on Terminal Sub-Wave of W5 4. Errors to be Avoided in A-Wave Trading 5. Trading Techniques 6. Errors to be Avoided and their Corrections 7. Key Points to Remember

  • Elliott Wave Trading - A Nuts-and-Bolts Professional Approach – Volume 1

    Copyright 2016 by Dr. Mircea Dologa - All Rights Reserved - www.pitchforktrader.com

    489

    Chapter 8 – Trading C-Wave Early ending detection of the wave B guides the C-wave trade profitability

    1. Description 2. Specific Geometric Patterns 3. Focus on Terminal Sub-Wave of B-Wave of ABC Pattern 4. Trend Line Angles as Strength / Weakness Mesures of C-Wave 5. Errors to be Avoided in C-Wave Trading 6. Trading Techniques 7. Errors to be Avoided and their Corrections 8. Key Points to Remember Chapter 9 – Trading A-B-C Pattern Structure of the prior W1-2-3-4-5 impulsive pattern guides the ABC-pattern trade profitability

    1. Description 2. Specific Geometric Patterns 3. Focus on Terminal W5 of W1-2-3-4-5 Pattern 4. Errors to be Avoided in ABC-Pattern Trading 5. Trading Techniques 6. Errors to be Avoided and their Corrections 7. Key Points to Remember Chapter 10 - Annexes : Tables & Excel Calculations

    Bibliography

  • Elliott Wave Trading - A Nuts-and-Bolts Professional Approach – Volume 4

    Elliott Wave Trading - A Nuts-and-Bolts Professional Approach – Volume 1

    Introduction

    “If you don’t try to be the best, it means that you ceased to be good” Common sense compels us to acquire a consistent trading technique that gives us the confidence to learn how to trade successfully. Elliott wave principle is one of the profitable choices. This will not come without “sweat and tears”, but like the wisdom from sagacious China says: “What first brings pleasure, in the end gives only pain, but what at first causes pain, ends up in great pleasure”.

    This volume is uniquely specialized in presenting real time trading cases, thus showing the apprentice trader how to apply the assimilated knowledge to an ongoing market. Like the sniper, the trader will have the patience to wait for the well-assessed and waited for set-up and only then, it will take action. The book is composed of 10 chapters (450 pages, 410 charts and 10 Excel & Table files). The successful outcome is simple… One target, one hit.

    The main purpose of writing this manual was dictated by the author’s desire to help the traders in their process of applying the trading rules for each of the impulsive Elliott waves: W1, W3, and W5. Even if classically, it is not advisable for the beginner or common experienced trader to trade the corrective waves, the author emphasizes here the high caution of doing just that, but only once the trader has acquired the necessary experience. Thus, the W2 and W4 trading will not have any secrets for the astute trader. The trading approach of the impulsive waves, A and C, of corrective A-B-C patterns are not neglected, neither.

    Numerous and efficient little known topics are described and illustrated here by means of many charts: conceiving of the most probable scenario, always having an alternate one with their invalidation/reinitiating conditions, establishment of the end-run phenomenon, the source of building the kinetic energy indispensable to the momentum strength of Elliott waves, the top-down technical analysis, the identification of dominant trend, the role of the last bar and also the last swing to forecast the identification of the incoming swing/trend, the most optimal trading time frame to be used; all these are scrupulously and methodically written in the trader’s journal. The module of risk and money management is considered here as one of the most important elements, a truthful gearwheel indispensable to the well oiled mechanism of getting a highly profitable trade. In practicing these real time cases presented in this manual, we have conceived and leaned on a strategic analysis composed of five-tactical precursory parameters of every trade.

    1. Pre-Market Momentum Evaluation : o External: Nikkei 225, US News at 14:30hrs (CET), o Internal: Energy sourced out of previous day.

    2. Quantifying the Internal Strength / Weakness of the Ongoing Market 3. Evaluation of the most Current Deploying Momentum (Vertical & Horizontal Axis) 4. End-Run Limits forming Clusters & Confluences 5. Strict Monitoring for Reversals / Continuation

    The Annex chapter at the end of this volume will efficiently serve the trader with its Excel spreadsheet and tables. They were conceived, not only to enhance the assimilation of the entire material, but also to give the trader a better chance to be ahead of the crowd. Always remember that “The Elephants don’t like to be accompanied!”.

  • Copyright 2017 by www.pitchforktrader.com ALL RIGHTS RESERVED

    About us: Email: [email protected]

    Dr Mircea Dologa began his investment and trading career in 1987, in pharmaceutical and real estate industries. Once he passed the Series 7 and Series 3 exams, he obtained the two indispensable trading licences controlled by United States Government: the Registered Commodity Trading Adviser (CTA) Licence and Registered General Securities Representative - Investment Adviser Licence. During the training periods, he realized the scarcity in financial literature and trading seminars, of the true ‘know how’ practical tools. After reading hundreds of books and attending numerous seminars, the same question kept popping up: Where is the meat? Most of the time, besides the classics… it wasn’t there!

    As a registered Commodity Trading Advisor (CTA) with National Futures Association of U.S.A., he founded a new teaching concept, based on practical aspects of trading, for both newcomers and experienced traders.

    He published more than 100 articles and he is an international contributor to trading magazines in the USA (‘Technical Analysis of Stocks & Commodities’, ‘Futures’ and ‘eSignal.com Education Section’); the United Kingdom (‘The Technical Analyst’); Germany (‘Traders’ − English- and German-language editions); Australia (‘Your Trading Edge’) and Asia (‘The Trader’s Journal’). He is also the founder and the president of www.pitchforktrader.com – a specialized trading website.

    Dr Mircea Dologa has written seven books, over 3 500 pages, 3300 charts and 150 Excel trading files, in his quest to efficiently teach the trading art, from the beginner’s level to the highest nowadays standards – the professional level. The author’s main thought during these seven years of planning, conceiving and writing these trading books, was how to optimally reveal the practical aspects.

    Dr Mircea Dologa attended New York University and Cooper Union School of Engineering and Science in New York and graduated from the latter with a B.S. in Theoretical Physics. He obtained his Doctorate in Medicine from the School of Medicine in Paris. He also took MBA courses in finance and business management at the University of South Carolina in Columbia and at the French School of Business and Finance (HEC Paris France). After holding the positions of Medical Director and later of General Manager, in 1992 he decided to focus exclusively on his investments and since then he has devoted his activity to financial markets. He lives with his wife and two daughters in Paris, France.

  • Copyright 2017 by www.pitchforktrader.com ALL RIGHTS RESERVED

    A few illustrated moments of Dr Mircea Dologa’s everyday work: trader, teacher, mentor & author!

  • Copyright 2017 by www.pitchforktrader.com ALL RIGHTS RESERVED

    About Dr Mircea Dologa’s works: ELLIOTT WAVE TRADING Manuals Trader, Educator (including mentorship) & Market Researcher

  • Copyright 2017 by www.pitchforktrader.com ALL RIGHTS RESERVED

    Please find listed below, his published articles in International Finance & Trading Publications: USA, EUROPE, AUSTRALIA, CHINA & SOUTH EAST ASIA ----------------------------------------------------------------------------------------------------------------------

    Bibliography of Dr Mircea Dologa

    A. Trading Books

    Dologa, Mircea [2016]. Elliott Waves Trading – A Nuts–and-Bolts Professional Approach, Volume I – 476 pages, Pitchforktrader.com, Paris, France

    Dologa, Mircea [2017]. Elliott Waves Trading – A Nuts–and-Bolts Professional Approach, Volume II – 600 pages, Pitchforktrader.com, Paris, France

    Dologa, Mircea [2017]. Elliott Waves Trading – A Nuts–and-Bolts Professional Approach, Volume III – 550 pages, Pitchforktrader.com, Paris, France

    Dologa, Mircea [2017]. Elliott Waves Trading – A Nuts–and-Bolts Professional Approach, Volume IV – 500 pages, Pitchforktrader.com, Paris, France

    Excerpts of 4 books - COPY & PASTE on the browser:

    http://pitchforktrader.com/EXCERPTS/Excerpts_EW_Volume_1_v2.pdf Dologa, Mircea [2006]. “Integrated Pitchfork Analysis- Beginner & Intermediate Level“, Volume I, 444 pages, Wiley Publishing House, London Dologa, Mircea [2007-8]. “Integrated Pitchfork Analysis- Advanced Level“, Volume II, 300 pages, Pitchforktrader.com, Paris Dologa, Mircea [2009]. “Integrated Pitchfork Analysis- Advanced Level“, Volume III, 480 pages, Pitchforktrader.com, Paris

    Excerpts of 4 books - COPY & PASTE on the browser:

    http://www.pitchforktrader.com/vol1_excerpts.pdf http://www.pitchforktrader.com/vol2_excerpts.pdf http://www.pitchforktrader.com/vol3_excerpts.pdf

    B. Trading Articles Dologa, Mircea [2017]. “Elliott Waves – How High is High?”, Part I, Technical Analysis of Stocks & Commodities, November

    Dologa, Mircea [2017]. “Elliott Waves – How High is High?”, Part II, Technical Analysis of Stocks & Commodities, December

    Dologa, Mircea [2017]. “Trading Approach of the Most Profitable Elliott Wave [W3]”, Nov./Dec., Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2017]. “Trading Approach of the Deepest Corrective Elliott Wave [W2]”, Sept./Oct., Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2017]. “Trading Approach of the Enigmatic Elliott Wave [W1]”, July/Aug., Your Trading Edge, Sydney, Australia

  • Copyright 2017 by www.pitchforktrader.com ALL RIGHTS RESERVED

    Dologa, Mircea [2017]. “Elliott Waves In Trading the Opening of Index Futures”, May/June, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2017]. “Elliott Wave Intra-Day Trading: A Combination of Elliott Waves, Pitchforks, Gann & Jenkins Tools”, March/April, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2017]. “Trading Elliott Waves Using a Top-Down Approach”, Technical Analysis of Stocks & Commodities, Volume 35:13 (36-42), Bonus Issue-February

    Dologa, Mircea [2017]. “The Nuts-and-Bolts of Practising Elliott Wave Trading-Part II: Channelling with Trade Entry/Stops/Exits & Risk Management”, Jan/Feb, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2004-2017]. “World Charting Report- Indexes, Forex & Stocks”, Monthly Periodical, Paris, France, http://www.pitchforktrader.com/reports.html

    Dologa, Mircea [2016]. “The Nuts-and-Bolts of Practising Elliott Wave Trading- Part I: Judicious & Mistaken Elliott Wave Labelling – Rules & Guides”, Nov/Dec, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2013]. “Missing Ling: between Time & Price”, Part I, Technical Analysis of Stocks & Commodities, Volume-September.

    Dologa, Mircea [2013]. “Missing Ling: between Time & Price”, Part II, Technical Analysis of Stocks & Commodities, Volume-October

    Dologa, Mircea [2013]. “Trading the German Dax - Part I“, July/August, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2013]. “Trading the German Dax - Part II“, September/October, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2012]. “Trading Elliott Waves with Regression Trend Channel & Count Back Line”, February, Learning Section, www.esignal.com.

    Dologa, Mircea [2012]. “An Elliott & Gann Efficient Time/Price Tool-Part I”, December, Learning Section, www.esignal.com.

    Dologa, Mircea [2012]. “An Elliott & Gann Efficient Time/Price Tool-Part II”, December, Learning Section, www.esignal.com.

    Dologa, Mircea [2011]. “The Art of Professional Trading during Tumultuous Times- Part I ”, January, Learning Section, www.esignal.com.

    Dologa, Mircea [2011]. “The Art of Professional Trading during Tumultuous Times- Part II ”, February, Learning Section, www.esignal.com. Dologa, Mircea [2011]. “The Baltic Index: An Ideal Tool for signalling the End of Crisis”, March, Learning Section, www.esignal.com

    Dologa, Mircea [2011]. “When and Where Time meets Price through Pitchfork Analysis”, December, Learning Section, www.esignal.com

    Dologa, Mircea [2011]. “Interview“, May/June, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2010]. “New Aspects of Trading Based on Integrated Pitchfork Analysis”, February, Learning Section, www.esignal.com

    Dologa, Mircea [2009]. “Intraday Trading with Inter-Market Analysis”, November, Learning Section, www.esignal.com

    Dologa, Mircea [2009]. “Trading Lessons from Paris“, July/August, Your Trading Edge, Sydney, Australia

  • Copyright 2017 by www.pitchforktrader.com ALL RIGHTS RESERVED

    Dologa, Mircea [2009]. “Inter-Market Analysis Role in Intra-Day Trading“, Trader’s, Germany Dologa, Mircea [2009]. “Trade for a Living: Day-to-Day Business Operations“, Trader’s, Germany

    Dologa, Mircea [2009]. “Trading the Master Plan“, Trader’s, Germany

    Dologa, Mircea [2009]. “Interview“, Trader’s, Germany

    Dologa, Mircea [2009]. “After the Flood – Part I“, March/April, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2009]. “After the Flood – Part II“, July/Aug, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2009]. “Day-to-Day Business Operations when you Trade for a Living”, April, Learning Section, www.esignal.com.

    Dologa, Mircea [2009]. “Trading for a Living: Trending with Integrated Pitchfork Analysis”, August, Learning Section, www.esignal.com

    Dologa, Mircea [2008]. “Pre-Open Preparation for Dax Trading”, February, Learning Section, www.esignal.com

    Dologa, Mircea [2008]. “The Mechanism of News Release Trading”, August, Learning Section, www.esignal.com

    Dologa, Mircea [2007]. “Short-Term trading & Action-Reaction Lines“, April, The Trader’s Journal, Hong Kong Dologa, Mircea [2007]. “Trading the Dax Opening”, January, Technical Analyst, London

    Dologa, Mircea [2007]. “Integrated Pitchfork Analysis Applied to FOREX: Foundations of this New Profitable Trading Technique”, December 14, Learning Section, www.esignal.com

    Dologa, Mircea [2007]. “Integrated Pitchfork Analysis Applied to FOREX: Integration of this Approach with other Modern Tools for Best Results with Optimal Confidence”, December 21, Learning Section, www.esignal.com

    Dologa, Mircea [2006]. “Pragmatic Aspects of Trading Rectangles”, May/June, Technical Analyst, London Dologa, Mircea [2006]. “Understanding the Dax Gaps”, October, Technical Analyst, London

    Dologa, Mircea [2006]. “Trading Rectangles – Tactics & Money Management”, Futures Magazines, New York

    Dologa, Mircea [2006]. “Integrated Pitchfork Analysis“, The Trader’s Journal, Hong Kong Dologa, Mircea [2006]. “Trading Rectangles – Tactics & Money Management”, Futures Magazines, New York

    Dologa, Mircea [2006]. “The Third Elliott Wave”, Technical Analysis of Stocks & Commodities, Volume 24: May.

    Dologa, Mircea [2006]. “Trading the Trend in Wave 3”, Technical Analysis of Stocks & Commodities, Volume 24-June.

    Dologa, Mircea [2006]. “Trading Wave 3”, Technical Analysis of Stocks & Commodities, Volume 24: September

    Dologa, Mircea [2006]. “Trading the Wave 3”, Technical Analysis of Stocks & Commodities, Volume 24-September.

  • Copyright 2017 by www.pitchforktrader.com ALL RIGHTS RESERVED

    Dologa, Mircea [2006]. “Preparing for Intra-day Trading“, March/April, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2006]. “Trading Life - The Quest for Best Tools“, May/June, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2006]. “Trading Life - The Quest for Best Tools“, May/June, Your Trading Edge, Sydney, Australia

    Dologa, Mircea [2005]. “Following the Median Line”, Futures Magazines, New York

    Disclaimer

    The purpose of this material is to provide you a very powerful trading technique, named “Elliott Waves“, a valuable tool in the financial markets. The text, the chart examples, or any part of this material are not to be taken as “investment advice”. They are purely and strictly for educational purposes. Ultimately, you are responsible for all of your investment decisions. The data used in this material is believed to be from reliable sources but cannot be guaranteed.

    There is no guarantee that this tool will continue to work in the future. “Past performance is not indicative of future results”. You should understand that there is considerable risk of loss in the stock, futures or options markets. Neither the author, nor anyone else involved in the production of this material, will be liable for any loss, damage or liability directly or indirectly caused by the usage of this material.

  • Dr Mircea Dologa, MD, CTA began his investment and trading career in pharmaceutical and real estate industries, in 1987. As a Commodity Trading Advisor and Stock Investment Adviser, by the New York Stock Exchange clients, he founded a new teaching concept, based mainly on the practical aspects of profitable trading for the novice and also experienced traders at www.pitchforktrader.com. Member of several technical analysis associations, he is a well-known contributor to international professional publications in USA, England, Germany, Australia & South-East Asia - refer to Bibliography. He studied and practiced for more than twenty years the art of trading and has written three books about original concepts and published more than 50 articles.

    Most of the experienced traders confess a substantial increase in trading profitability, if the Elliott waves were used.

    • The author writes from his experience and research for more than two decades. He provides in this book, a thorough presentation and practice of Elliott waves. This technique has become a head start in terms of professional trading. The writer’s original concepts are rooted from more than 80 years of trading experience of our masters: Nelson R. Elliott, A.J. Frost, R. Prechter, Glenn Neely and Zoran Gayer.

    • The author’s experience in medical field taught and warned him, that there is no positive outcome of any well accomplished tasks without the heavy load of case practice, once that the knowledge and confidence are at “rendezvous”. Thus, a trading edge too efficient to be ignored has been created!

    As an entrepreneurial person that you probably are, otherwise you wouldn’t be reading this book right now; you took up the decision to become a profitably consistent Elliott wave trader… Don’t wait… This book is for you! Be warned… the road to conquer the Learning Curve is long and thorny… you’ll certainly get there if you really want it, but you’ll have to fight teeth and nails! E-Mail: [email protected] ISBN (13) 978-2-9562104-2-9 Website: www.pitchforktrader.com EAN 9782956210429