EWI Resource: The Ultimate Technical Analysis Handbook

Jun 29, 2010: 4:34 PM CST

I’m pleased – and surprised – that EWI is offering a 50-page guide to advanced trading tactics – Fibonacci, Elliott Wave, Divergences, Trendlines – for traders.

The link below connects you to the download page.  Club EWI is the educational arm of Elliott Wave International.

Entitled “The Ultimate Technical Analysis Handbook,” the document provides the basic reference points to know about intermediate and advanced trading tactics.

Chapters include:

1.  How the Wave Principle Improves Your Trading

2.  How to Confirm You Have the Right Wave Count

3.  How to Integrate Technical Indicators into an Elliott Wave Count

4.  Application of the Fibonacci Sequence and Tools

5.  How to Apply Fibonacci to Real-World Trading

6.  How to Draw and Use Trendlines (simple but effective)

7.  Time Divergences

8.  Head and Shoulders – An Old-School Approach

9.  Four Kinds of Protective Stops

The resource is a collection of articles that serve as quick references on these topics, and I’m honestly surprised they’re giving it away for free.

I’m an affiliate member, and will be keeping this resource handy.  Download your copy while the offer is extended.

Corey Rosenbloom, CMT

4 Comments

4 Responses to “EWI Resource: The Ultimate Technical Analysis Handbook”

  1. G Nail Says:

    Corey,

    Thank you VERY much for keeping your eyes and heart focused on helping us learn and do well in the market. I just downloaded my copy of the handbook. Again, thanks for your dedication to us. Best regards as always and have a happy 4th!

    Greg

  2. Corey Rosenbloom, CMT Says:

    Thanks Greg!

    I'm honestly surprised they're giving this away, which is why I had to link to it. Glad to be of assistance and have a great holiday as well!!

  3. Justin Says:

    Corey, OK, I have a problem with everyone using the same procedures. Add the quants and it makes for a “flash-crash,” real fast. What do you think about this age of instant communicatability?

  4. Corey Rosenbloom, CMT Says:

    That's actually an excellent question, Justin.

    Technical analysis – for the most part today – has become self-fulfilling prophecies because so many people use simple strategies. Thus, the edge either rises to more complex strategies, or perhaps more commonly, in the little “Popped Stops” strategies that take advantage of failures of classic technical analysis (reference all the failed sell signals of 2009).

    Take the 1,040 level for example. So many traders see it and react to it, buying off support. 1,040 is not magic – everyone sees it and the big funds and bulls buy when the market hits this level.

    In the event that this level fails, you will see a rush for the exits, giving intraday traders a chance to profit from their 'failed' bounce off 1,040.

    I think a lot of the action drives more traders to the lower timeframes for more risk control and opportunities. Adapting to the current environment might mean being prepared to trade failed patterns rather than classic patterns.