Back in 2009, T.S. Henessy from NewElliottWaveRule.org had written a free
It should be said that I am not a fan of Elliott Wave theory. To me, it looks too subjective and "unaccountable". That does not mean that I oppose it or deem any EW practitioner a crackpot. No, we even have a Forex course lesson on Elliott Waves on EarnForex.com, but this method of technical analysis is not my cup of tea. I had read the
The New Elliott Wave Rule is not a book for beginners. It will not teach you to count waves or any other basics of Elliott Waves. However, it will help an experienced practitioner of the EW theory to improve his skills and understanding.
One of the disadvantages (that I find inherent to all books on Elliott Waves) is that it shows all examples on rather simple and completed charts. I would like to see some demonstration in progress, where waves are counted as new bars appear. Unfortunately, I will probably need to wait until some powerful automated Elliott Wave detection software becomes available to see something like this.
If you want to get news of the most recent updates to our guides or anything else related to Forex trading, you can subscribe to our monthly newsletter.