Book Review: Visual Guide to Elliott Wave Trading by Jeffrey Kennedy and Wayne Gorman

Elliott wave and Gann analysis of financial markets

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[ayova]

excellent book summary analyticssage. I very much appreciate your thoughts on this book - nice coming from someone who very thoroughly went through each example and understands how to trade properly. I like your advice from the book to keep simple when looking at charts. Lots of times we get inundated with a certain stock or token and the chart is a complex formation .. this saves a lot of time. I have purchased the book and am excited to spend some time on it. Take care

[zorraysjunaid]

great review - just started reading it and the page you were looking for is 26 :)

[ultrapurple]

I enjoyed your review, especially as I’m someone who’s had the book for about 7 years, I got it shortly after it came out. I’ve read it countless times. It’s a decent read for the most part and I like the landscape format which is conducive to reading charts but it does have errors and flaws.

1:18 I totally agree with you that this book is not for the beginner and is for those who have a thorough grasp of Elliot Wave (EW). There are many minor nuances and terms that only the experienced practitioner can grasp. It is not for the novice. Read Elliot Wave Principle first by Prechter over and over again first.
2:48 My advice to you is to develop your own strategy and ‘do your own seeing’ to coin a famous phrase. Don’t rely on these guys in the long run but it’s ok to use their strategy if you’re new to this game.

3:15 Your own checks as a follow up such as AUD/USD is a very good idea

The mistakes in the book
7:24 (pg 135)look at the labelling changes between Fig 5.12 and 5.13 for the same chart. Blue 1 in brackets has changed position. This might be a simple typo.
9:20 (pg 166) Walmart’s labelling is wrong in my opinion. Wave 4 should be the sideways consolidation in late October to mid December – a triangle). They have labelled this 4 to what is a higher degree wave.
9:25 (pg 158) Cree labelling is terrible. It is clearly wrong. To label the tiny blue 2 in brackets with the massive blue 4 in brackets, implying they are of equal degree, is nonsense. Blue 4 is far too big and probably 3 degrees higher at least.

This last labelling is why you must do your own seeing and not rely on these guys. I’ve watched many of their seminars and they continue to make similar mistakes.

[Jamesomnipotent]

I know I am super late.
I am starting to learn Elliott Wave from youtube, but would also like to have a good book to get me started.

I have three books in mind, which would you recommend me to start from?

1. Neo Wave : Mastering Elliott Wave: Presenting the Neely Method
2. Elliott Wave Principle: Key to Market Behavior - by Frost and Pretcher
3. Visual Guide to Elliott Wave Trading by Jeffrey Kennedy and Wayne Gorman

[sudarshanagni]

So nice example sir.. I actually hav this book. But now focussing on basics.. Thanks for sharing review's..

[leandroleal]

excellent review! question: can I use this for day trading? lots of daily chart here..