How to Identify High Profit Elliott Wave Trades in Real-Time

Extremely useful for understanding and using Elliott waves in real time. Clear description of patterns to be used operationally.

This book is closer to Neelys style of Elliott wave than Pretcher
Therefore some of the concepts such as the extended B wave are a
little hard going if you’ve been brought up on Pretchers Style.
Two Points came across strongly to me and that was every wave can be counted and those waves fit a templete which is matched to the reference diagrams in the book.
I have found this templete matching invaluable in my own trading especially in day trading. The book does not attack long term
wave counts but methodically describes how to get on to corrections within the trend at the lowest risk.
I read the review above and I think this is where the reviewer has come unstuck. The system is not intended to find long term
Elliott Waves but is more for swing and day traders, also I am sure that the writer doesn’t think you should label every chart in such detail as in the examples but he has done so to show that all the waves can accurately be counted.
This is a simple but powerful, step by step method that is easy to follow and fits the needs of active traders who want to make an accurate trade now rather than go through the esoteric exercise of guessing where the market will be in 2010 as in Pretchers case.
I can strongly recommend this book.

Mr. Walker presents us a good book about how to apply the Elliot Wave principle in the markets.
Most of theory is not presented here in detail, just an overview and the basic rules(the importante part).
After that, its application is demonstrated with plenty of charts, from a variety of markets, what is a good thing.
The missing points, in my opnion, are that Fibonacci studies are not applied within wave counts in the charts(even so, Fibonacci levels that characterize each wave are cited in the book as well) and other technical indicators, as oscillators, are also not used as a tool that help in wave count confirmation.
What makes this book worth the money is the practical approach to Elliot Wave, whith a clear entry/exit strategy and a “real-time” application in chapter 10, with objective counts, that put subjectivey a little aside the discussion(subjectivity is one of the points used against Elliot Wave principle).

As a seasoned trader using elliott wave myself I found this book to be confusing at best. Once you get past the numerous typographical errors (the difference between wave a and wave A causes much confusion for example) you are dealing with a book that is mostly just a semblence of hand completed charts espouted in any old order the writer fancied. The strange thing is that these charts, and the methods described all date from 1994. Disregard the published in 2001 notice.
The author has overcomplicated the method he describes. This has certainly done my trading more harm than good. And I was already pretty proficient in Wave theory! He would have you create vastly overcomplicated charts and overlays to carry out this method. He then has the cheek to show various intraday examples of his work. This would simply be too short a time frame to carry out his instructions. So it ain’t “real time” either.

I am not an Elliott Wave trader though for years I have read most books on the subject and I like the way the author presents the topic and the examples which facilitate matters for the reader . It does make a big difference believe me . Unlike authors who prefer to show diagrams he shows real charts with his examples plus diagrams .
This book is a valuable addition as it enhances the ability to practise competent interpretation with fewer inhibitions and uncertainty , now how profitably I cannot tell as I don’t trade that way as I said earlier .