5 of 6 people found the following review helpful
Better than the rest,
Verified Purchase(What's this?)
This review is from: Five Waves to Financial Freedom: Learn Elliott Wave Analysis (Kindle Edition)
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 determine which one I would read next. If you do the same you will find they sound boring or they are made too complicated, more so than they need to be. I decided I have the best Elliott Wave book already.
Now I know this seems narrow minded. However I did not come to this conclusion blindly. Amazon reviewers are often very detailed and usually they are spot on. I base most of my purchases from the reviews I read. I did the same here. I looked over a lot of other books and they sounded decent but not perfect.
On to this book. I loved it. I is laid out simply and he is right when he said all the extra fluff was left out. He gets right into the patterns. It is so nice because he says this always will do this, or this will always do that. He points out clearly what to expect out of the first wave and then the second and so on. It is more than that though. He says if the one wave is longer than other, expect price to go this far. It is chalked full of rules to follow that are clear and easy to understand. I have no problem understanding how to follow the patterns based on his practices. Again though, no fluff. He lays out the rules and what happens if the patterns start early or ends late, or everything in between.
Keep in mind this method is highly subjective like someone else wrote on Amazon. Reading this book or any other EW book will not give you hidden powers to see it perfectly. That is a huge lesson I took from it. You will have to work your tail off to teach yourself how to recognize when these highly predictable patterns start and end. That should be no surprise to current traders though.
Lastly, he also give excellent tips on how to take this new knowledge and make money with it. He didn't just say here is the wave theory now go play. He specifically says there is one thing that happens at the end of a wave. Take it and apply this one occurrence and you can make tons of money because it is so highly predictable. I would tell you what he said but you should buy the book. It wouldn't be fair. Hint: it is towards the end but well worth it. Good luck friends!