Advanced trading with Elliott waves

By John C Burford Sep 29, 2011

John Burford

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Welcome to my second video tutorial on how to use Elliott wave theory in your trading.

In this video, I aim to show how Elliott wave theory can work across many timeframes.

I look at a textbook example of how to use the theory from the gold market. Note that my example is from August, so the market has moved on from then, but the main principles still apply.

In this video, I expand on the two main principles of Elliott wave theory:

• In any bull or bear market, the market travels in five main waves.

• The fifth wave is followed by an ABC correction.

After the correction, we get a resumption of the main trend.

If you have not yet seen my introductory video on Elliott wave theory, watch it here: An introduction to Elliott wave theory

• If you’re a new reader, or need a reminder about some of the methods I refer to in my trades, then do have a look at the rest of my introductory videos:

• The essentials of tramline trading
• Advanced tramline trading
• An introduction to Elliott wave theory
• Advanced trading with Elliott waves
• Trading with Fibonacci levels
• Trading with 'momentum'
• Putting it all together

• Don't miss my next trading insight. To receive all my spread betting blog posts by email, as soon as I've written them, just sign up here .

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Published in Spread betting video tutorials | More articles by John C Burford

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  • 1. KenN

    (19 November 2011, 01:32AM)  Complain about this comment

    I was hoping you were going to address the different time frames you use in your emails. Very interesting and thank you once again.

  • 2. MikeB

    (20 November 2011, 12:34PM)  Complain about this comment

    John,

    Just wanted to say you have transformed my trading with your excellent training and advice. I have been spread betting for over 15 years and you have finally crossed the t's and dotted the i's for me. Your use of parallel tramlines and hourly charts has finally made sense of it all after trying so hard for so long. I knew about Elliot Wave theory and technical analysis but couldn't make it work. Now it does!! Thank you so much and I couldn't recommend your 'free' advice strongly enough to any novice traders out there. This is all you need to know. Excellent stuff!!

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