Breakthrough Strategies for Predicting Any Market : Charting Elliot Wave, Lucas, Fibonacci, and Time for Profit

by Greenblatt, Jeff; Bolton-Smith, Dawn

• ISBN13: 9781592802685
• ISBN10: 1592802680
• Format: Hardcover
• Copyright: 2007-07-17
• Publisher: Wiley

Summary

Breakthrough Strategies for Predicting Any Market is sure to be considered one of the great trading books of the 21rst century. In this landmark work, Jeff Greenblatt will teach you how to understand the time dimension of the market and take your technical analysis to the next level. With extensive case studies and charts, Jeff will reveal his high-probability pattern recognition system; one that will give you a deeper understanding of how the markets really work and will make whatever methodology you use ten times better. Following in the footsteps of the great W.D. Gann, Jeff will help you gain greater precision in any instrument you trade, on any time frame.

Author Biography

Jeff Greenblatt, a private trader for the past eight years, is the editor of The Fibonacci Forecaster, a market timing letter with circulation to traders and money managers in 17 countries that covers stocks, bonds, precious metals, currencies, and the crude oil market. A regular contributor to Futuresmag.com and Futures magazine, he has also published articles in Your Trading Edge magazine from Australia and The Trader’s Journal from Singapore. He speaks at various trading conventions and has been featured on KFNN 1510 Financial News Radio.

Table of Contents

Foreword xi

Acknowledgements xvii

Introduction xxi

1. Closing the Gap 1

Impulse Waves 3

Corrective Waves 6

Triangles 9

Diagonal Triangles 11

Sentiment 12

My Experience with Elliott 15

2. A New Look at the Language of Elliott Waves 17

Introduction to Time Relationships 20

Examining Corrections 23

In-Depth Look at Triangles 30

The Overlap Rule 33

3. Rotation in the Markets 41

Bear Rotations 44

The Entire Cycle from Bull to Bear Rotation 48

Advanced Set-ups 51

Sideways Markets 62

4. Candlesticks and the Time Element 67

Support and Resistance 69

Polarity Lines and Zones 79

Putting It All Together: Time Resistance 82

5. Divergences 89

MACD and Divergences 90

Intraday Case Studies 97

6. Volume Studies, Moving Averages, and the Time Element 115

Moving Averages and Time Clusters 116

Adding Volume to the Mix 120

Tracking Bull to Bear 122

Timing Cup and Handle Patterns 125

7. Hitting Moving Targets—Fibonacci

Price Projections 137

Creating Projections 139

Introductory Case Studies 140

Advanced Case Studies 157

8. Advanced Projection Techniques 163

Going the Extra Mile 164

Extensions Based on Corrections 166

Variations on Gartley for Corrective Wave Patterns 168

Adding the Time Element 174

Extensions off Triangle Breakouts 182

Larger Degree Projections 185

Advanced Calculations 190

9. Timing the Forex Market 195

Examining the Charts 197

10. Mental Toughness 213

Taking out the Garbage 214

The Zone 221

Developing Mental Toughness 223

Becoming a Nonconformist 229

Living in the Present 231

Exploring Different Methodologies 235

11. Practice Makes Profits 241

Practice Patience 242

High-Probability Set-ups with MACD Divergence 245

Calculating High Probability Targets 253

Buying Dips, Selling Rallies 267

Buying off Corrections 273

12. Conclusion 275

Bibliography 279

Glossary 282

Index 294

About the Author 311