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Five Waves to Financial Freedom: Learn Elliott Wave Analysis
 
 

Five Waves to Financial Freedom: Learn Elliott Wave Analysis [Kindle Edition]

Ramki N. Ramakrishnan
4.8 out of 5 stars  See all reviews (62 customer reviews)

Digital List Price: $9.99 What's this?
Kindle Price: $9.99 includes free wireless delivery via Amazon Whispernet


Book Description

August 25, 2011
Whether you are trading stocks, indices, foreign exchange, bonds or commodities, you could use the Elliott Wave Principle to dramatically improve your results. It is no surprise, then, that professional traders and investors invariably use Elliott Wave analysis as a key decision making tool in their market activity. However, most people who try to learn the techniques by themselves often run into difficulty because the real world market movements appear to be different from the examples found in most standard reference books.

This book will give you a detailed “working” knowledge of the Wave Principle. Written in simple language, and with plenty of recent and real life examples, "Five Waves to Financial Freedom" will likely become your favorite reference book which you could use to quickly verify whether your own interpretation of the market fits in with the author's guidance. With its liberal use of cross-references, this book will enhance your understanding of the rules and guidelines that govern the Wave Principle. Furthermore, you could use the hundreds of examples available in the author’s website to support what you learn from this book. The techniques outlined in this book are the very same techniques that Ramki has successfully used for nearly 30 years.

About the Author: N.Ramakrishnan ( Ramki) is a Treasury Manager with nearly 30 years of market experience. His views are sought after by traders, hedge-fund managers, investors and corporate treasurers from around the world. Ramki has been using the Elliott Wave Principle almost his entire career, and he shares his unique perspective on the markets.

Forbes has recently counted Ramki as one of the three excellent Elliott Wave Technical Analysts out there.

Raves from readers: "I have found your book on Elliott Wave Analysis to be just as the reviews described it - easy to read with practical examples of how to use EW…"Micheal C

"Thank you for the wonderful book on Elliott Waves. It is easy to understand and is not confusing as others on the same subject." Colin P

"…Moreover your own concept and combination of Fibonacci ratios are outstanding…" M Dham

"I gained lot of confidence on Elliott Waves by reading your book. Became regular reader of your blog too…" Suren B

"I can safely say that I haven't seen analysis that was clear and more simply done than yours. Elliott Waves Analysis made easy.." Nikhil L

"Thank you very much for great book. My first lessons on Elliot Wave Theory.." A.Ayyagar

"I finished reading your book and must say that of all the books on Elliott Waves that I have ever read and is available in market, this one is best in helping to understand the Wave Principle and its practical application.. "Tushar K

"I bought your fantastic book on Elliott Waves from Amazon.com.." Mukesh C

"I found your book on Elliott Wave Analysis to be the perfect supplement to both Frost and Balan's books on Elliott Waves.." Jeff M

"I must tell you that your book on Elliott Wave Analysis is absolutely great. No undue decoration, just plain Elliott. Your personal insights throughout the book provide invaluable tips for real time wave counting.. " Ann D


Product Details


Customer Reviews

Most Helpful Customer Reviews
10 of 10 people found the following review helpful
Format:Kindle Edition|Amazon Verified Purchase
This book not only provides a instruction on how to apply Elliott Wave rules, but also provides the extra step of giving guidance on how you might employ a trading strategy based on wave counts and projections. Many examples throughout the book are presented from the standpoint of a trader providing comments on suggested entry points, profit targets, and stop loss points. Throughout the book there is an emphasis on the predictive qualities of the wave principle and includes added insights based on his personal experience. I have read a number of books on the subject including the classics by Prechter and Neely and feel this is much more accessible to beginners and explanations are more down to earth than the highly academic feel of the classic Elliott Wave books. That said, he covers all the bases of the rules and various Elliott patterns, this is not Elliott Wave "lite". The examples in this book are also very contemporary, some of the patterns are still playing out as I write this review, which makes it a bit more interesting since I have lived through some of these markets. Great book, and highly suggest purchasing this.
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5 of 5 people found the following review helpful
Must Read Trading booklet October 26, 2011
Format:Kindle Edition|Amazon Verified Purchase
Ramki's practical and simplistic explanation of the elliot wave has given traders and investors like me the confidence to use this technique in practice and benefit from it.It has helped me a lot, and it has made many of us realise that elliot wave is not that complicated at all and no professional analyst subsciption is required to benefit from the elliot wave.Basic understanding and application that i received from this book has aided me in the decision making process that i use for my trades and investments.There are no short cuts to making money in markets so whatever benefits that one can gain from ramki's special book, one should avail it.
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3 of 3 people found the following review helpful
Great book, BUT..... January 22, 2012
Format:Kindle Edition|Amazon Verified Purchase
I've bought dozens of e-books from Amazon and this is my first review I've ever done. I held off from rating this book until I re-read it a few times, due to the complexity of the content. I can only give this book 3 stars. While I credit the author with being brilliant and doing a great job of explaining EWP and using it with Fibonacci ratios (I have a fairly good grasp of EWP now but still need to re-read it multiple times), the goal of the book is to not only teach EWP, but also show how you can actually implement it in your training. That is where I feel this book fell far short of.

One problem is with most of his Charts. He'll show Point 0 and Point 1, but won't label what their prices were. He'll then show wave 2 retracing say 50% and give the wave 2 value. But there's no way for me to confirm the retracement since I don't know the length of wave 1. The same holds true when he shows wave 3 = 161.8% of wave 1, for example. Really? How am I to validate that? And how am I to know that Wave 5 was 161.8% of waves 1 and 3 combined?????

Another problem with is charts is what he'll often show as Wave 3, I can see waves 3, 4 and 5. And in some of his corrections with "a", "b" and "c" waves, I can see all 3 waves in what he labels as just wave "a". It's almost like his charts are subjective and he makes up where he wants some waves to be. He never goes into detail about why he chooses a one specific point when there are other parts of the wave that could also be interpreted was the end or start of some wave. I want to know why what I see as Point 3 and the Point 4 retracement are actually just part of wave 3.

As for actually implementing EWP in my trading, again I feel he does not do enough. He has some charts with Waves 1,2,3,4,5, waves "a", "b", "c", waves "I", "II", "III", "IV", waves "(a), "(b)", (c)", etc. He then gives a brief summary of some of those waves, but not all, which leaves me scatching my head. That just is not good enough. I wanted detailed analysis of every single wave.

And on his charts and videos he uses some cool drag and drop tool that shows the Fibonacci ratio's at all different points within a wave. Yet there is not a single reference made (at least not that I see) to what that tool is, where he got it, and whether it is available for download. Nor does he mention any other tools that can be used. I don't even see anything on his website. I tried creating some excel spreadsheets to compute this, but it's nearly impossible due all the permutations there can be with the waves within waves and all the corrections. So I just don't see how I can implement this in my own trading.

With that being said, this is still an excellent book if you want to understand EWP and their use with Fibonacci ratios. I knew nothing about EWP before I read it and I did learn a lot from this book. The author does a pretty good job of explaining a lot of principles. And for $9.99 for my kindle, it's a great price. He just doesn't go into far enough detail for me, and I just don't see how I can implement EWP without a chart tool like he has. I wanted and needed more from the author.
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Most Recent Customer Reviews
Better than the rest
First let me say that the book is awesome. I will come back to that point.

I have not read the other Elliott Wave books, but I have read many reviews to try and... Read more
Published 1 month ago by Jessica Leimback
Good Detail
This book has got good detail for the beginner to intermediate Elliott Wave practitioner. The Elliott Wave theory has got far much more than what is described in this book but it... Read more
Published 1 month ago by Kumaresa Sereetharan
Elegance and Simplicity
In twenty easy to read chapters, Ramki presents a complex subject with Elegance and Simplicity. I urge to to visit his blogs at [... Read more
Published 1 month ago by Karuna Kanagaratnam
5 Waves Review
This is a very practical concise book. I have been studying Elliot wave for some time and very much appreciate this book because it is practical. Read more
Published 1 month ago by dmlamos
An excellent Reference to Elliott Wave Principal
This is an excellent book that covers the important and useful aspects of Elliott Wave. It provides the information you will need to continue your studies. Read more
Published 1 month ago by bullkj
One of the better books read this year!
I purchased Five Waves to Financial Freedom: Learn Elliott Wave Analysis, on February 9, 2012. I have read many books on EW, and "Five Waves to Financial Freedom" is one of the... Read more
Published 1 month ago by Buchi
lha
The book provides a comprehensive analysis of the Eliott waves, a trading technique that not many of us take seriuosly into our trading. Read more
Published 1 month ago by LHH
Very good sum up of the Elliott wave principle
I am looking into the topic of online trading since one year. This book would have been the best starting point a year ago. Read more
Published 2 months ago by M. Bühler
If you trade based on EW, you MUST read this book
This book [and Ramki's blog, wavetimes.com], is REQUIRED reading for traders who employ EW analysis. Read more
Published 2 months ago by MN Trader
I give 5 Stars to this great book
Thanks To Ramki Ramakrishnan for great book. I am new to Elliot Wave, Just purchased E-book from Amazon. Read more
Published 2 months ago by Tulsi
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More About the Author

N. Ramakrishnan, or Ramki as he is fondly known in the financial markets, has been sharing his analysis with a worldwide audience since 1989. His followers have mostly been inter-bank dealers and hedge fund managers. Treasurers of several large companies have also been in direct contact with Ramki over the years. He also counts several Central Banks among his followers.

Ramki's analysis on the Foreign Exchange markets became a daily staple for dealers from every corner of the world. His posts on Reuters pages SCXE (which many thought was sexy!), CHMB and NBKG were often the very first thing that forex traders read in the morning. More recently, he has been writing his views on a professional blog- www.wavetimes.com. He now covers a wide range of instruments, including Commodities, Indices, Stocks, Interest Rates and of course Foreign Exchange. Ramki has been quoted widely in the press, and is a regular contributor to Forbes.

A graduate in Economics, Ramki also holds a string of other qualifications, including a Masters in English Literature, a Masters in Marketing Management, and an Associate level profesional Banking qualification from both the Chartered Institute of Bankers, London and the Indian Institute of Bankers. He is also a qualified Treasury Manager, having acquired the prestigious ACT qualifications from the Association of Corporate Treasurers, UK.

Ramki has been living in the Middle East for over 20 years, but his influence is truly global.


Popular Highlights

 (What's this?)
&quote;
Once a 5-wave sequence ends, look for a correction that is BIGGER than either of the prior 2 corrections. &quote;
Highlighted by 126 Kindle users
&quote;
When a normal third wave is completed, wave 4 typically corrects the third wave by 38.2%. The next most likely correction level is to the 50% level. However, when the third wave has extended, it is more likely the correction will be shorter, and there is a tendency for Wave 4 to finish at the 23.6% retracement level. &quote;
Highlighted by 49 Kindle users
&quote;
Wave 2 can never exceed the start of Wave 1 Wave 3 can never be the shortest impulse wave Wave 4 can never overlap Wave 1 (i.e., cross into the same price area) except within a diagonal triangle. &quote;
Highlighted by 48 Kindle users

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