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

Myles Wilson Walker (Author)

Book Description

Publication Date: April 1, 2001

This book finally transforms the Elliott Wave Theory into a practical, usable trade selection system. Mr. Walker calls his dynamic new trading approach the C Wave method.

Product Details

• Hardcover: 209 pages
• Publisher: Windsor Books (April 1, 2001)
• Language: English
• ISBN-10: 0930233573
• ISBN-13: 978-0930233570
• Product Dimensions: 11.3 x 8.5 x 0.9 inches
• Shipping Weight: 2 pounds (View shipping rates and policies)
• Average Customer Review: 3.3 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #1,166,623 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

38 of 40 people found the following review helpful:

1.0 out of 5 stars Poor, very poor, December 13, 2001

By 

Max Danzig (Watford, Herts United Kingdom) - See all my reviews

This review is from: How to Identify High Profit Elliott Wave Trades in Real-Time (Hardcover)

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.

22 of 22 people found the following review helpful:

5.0 out of 5 stars Best I have read, October 14, 2005

By 

J. Scott Caldwell (Monroe, LA USA) - See all my reviews
(REAL NAME)   

This review is from: How to Identify High Profit Elliott Wave Trades in Real-Time (Hardcover)

I believe it would be fair to say that what a person gets out of a book on trading has a lot to do with their ability to understand and relate to what they read and the degree that the new information gels with what they already consider to be true. Having said that, I am glad that I did not allow so-so reviews of this book to stop me from purchasing it. My interest is in day trading e-mini futures. Other books I have read relating to Elliott wave have only provided minimal general guidance. This is the only book on Elliott wave that I have found invaluable. It took a few readings and some practice but, low and behold, I can now (often) scrutinize a wave and determine if it is an impulse wave or a correction. The beauty of this is that it allows you to know if you are still in a correction or if the trend has resumed. It allows you to know if there has been a 5th wave failure or if some form of correction is still developing. At the end of a 5th wave when the market is spiking up and down I can eventually tell if a new thrust in the direction of the trend is part of the trend and possibly the end of the 5th wave or whether it is just a part of a diagonal triangle. I have a long way to go in mastering it but I can often see the C wave patterns and appreciate what is going on. All in all, the market makes more sense to me now. One reviewer commented that doing this would not be possible on intraday charts. I would have to disagree. Even small C waves can take 30 minutes to hours to develop. Once the market has made enough of a move to recognize the correction you would only need a couple of minutes to figure it out even if you consulted the book. So, in short, I am impressed and consider this the best book on trading I have ever read.

32 of 34 people found the following review helpful:

4.0 out of 5 stars A Breath of Fresh Air, May 14, 2002

By 

Thomas Mather (Tokyo Japan) - See all my reviews

This review is from: How to Identify High Profit Elliott Wave Trades in Real-Time (Hardcover)

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.