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Harmonic Elliott Wave : The Case for Modification of R. N. Elliott's Impulsive Wave Structure

ISBN: 9780470828700 | 0470828706

Edition: 1st
Format: Hardcover
Publisher: Wiley
Pub. Date: 6/7/2011

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Summary Table of Contents Author Biography

Through hours of research and usage Ian Copsey has unearthed a fundamental error in the structural development of price behavior as defined by the Elliott Wave Principle. From his early findings that trending waves ended prematurely and the vagueness of the wave relationships he began to realize that trending waves do not develop in the manner which R.N. Elliott described in his findings.With a stubborn fastidiousness he has pieced together a modification to the original Wave Principle that both defines the correct structural development and un... MOREearths the common ratios that identify related waves. By painstaking attention to relating the fractal price movements that constitute the next larger degree waves and matching these with the expectations drawn from the next larger wave degree he has been able to solve an issue that has confounded Elliott Wave followers for many years. Subscribers to his daily report he writes often write in amazement at the frequent accuracy of the trading levels he generates from this process.In this book he reveals the methodology, the common ratios that link different parts of the wave structure and provides a wealth of practical examples to explain his findings. Through this methodology he shows how waves develop and dispels the misconceptions that have been common practice by Elliotticians over the years. He supports his methods by consistently ensuring that waves are related by common ratios to help the reader apply the techniques with greater understanding and accuracy.

Ian Copsey is one of the most accomplished Elliott Wave practitioners. While respecting the "brilliant findings" of R.N. Elliott, Copsey explains in rich detail how a few changes to the original impulsive wave structure have allowed him to achieve more consistently accurate analysis. Some traditionalists may find his work provocative but Elliotticians of all hues will benefit from studying his insightful observations. Alex Douglas General Manager IBFX Australia A few years ago, Ian Copsey had something of an epiphany. He became aware of anomalies in the work of the celebrated financial markets technical analyst, R.N. Elliott. Elliott's Wave Principle proposed that financial markets proceed in a pattern of impulsive and corrective waves. Copsey's computer-based research led him to believe that the structure of the waves developed differently than in Elliott's works. Based on that research, Copsey proposed strong guidelines for strategies to apply the new "harmonic" wave structures to financial markets. After successfully testing his theory, Ian Copsey has presented, in Harmonic Elliott Wave, a robust argument for his innovative treatment of wave principles. Larry Lovrencic Executive Director at First Pacific Securities Vice President at Australian Professional Technical Analysts (APTA) In the late 1930s, Ralph Nelson Elliott published his market observations called The Wave Principle. Many forecasters have applied this powerful methodology with success, until they get the wave count wrong. Now, three quarters of a century later, the techniques of trying to fit a wave count is less of a challenge with Ian Copsey's Harmonic Elliott Wave. Ian's 20 years of market observations, aided by computer power, has come out with an objective way of determining wave relationships. All these lead to a more accurate forecast of price. Paul Leo Author, The Ultimate Technical Trading Software

An update to the Elliot Wave Principle that corrects a fundamental error

The Elliot Wave Principle has been widely adopted as a tool for traders analyzing market cycles, but Ian Copsey has unearthed a fundamental error in the way it defines the structural development of price behavior. Harmonic Elliott Wave: The Case for Modification of R. N. Elliott's Impulsive Wave Structure explains what's wrong with the Principle, outlining a modification that allows for more accurate trading predictions.

Revealing the methodology that led to this discovery, the common ratios that link different parts of the wave structure, and providing a wealth of practical examples to explain his findings, Copsey shows how waves really develop, dispelling the misconceptions that have been practiced by Elliotticians for years. Supporting his methods by consistently ensuring that waves are related by common ratios, Copsey helps the reader apply the revised version of the Principle with greater understanding and accuracy.

Reveals a fundamental error in the popular Elliot Wave Principle
Outlines a tried and tested modification that fixes this mistake and allows for more accurate analysis
Offers essential information on applying the new model to the markets

With far-reaching implications for traders everywhere, Harmonic Elliott Wave is a must-read for anyone who puts their faith in the Elliot Wave Principle.

Introduction	p. vii
R. N. Elliott's Findings: Impulsive Waves	p. 1
R. N. Elliott's Findings: Corrective Waves	p. 15
Impulsive Wave Modification	p. 37
Projection and Retracement Ratios	p. 71
Working with the Modified Wave Structure in Forecasting	p. 119
A Case Study in EURUSD	p. 159
The Modified Structure in Other Markets	p. 181
Index... MORE	p. 225
Table of Contents provided by Ingram. All Rights Reserved.

Ian Copsey is a veteran technician having begun his career in Foreign Exchange over 28 years ago. He provides his daily forecasting report on the Forex market through www.fx-forecaster.com and www.harmonic-ewave.com.
His book Integrated Technical Analysis has been enjoyed by readers all over the world. His experience ranges from working in Barclays' trading rooms in London and Hong Kong, to acting as a technical analysis specialist for Dow Jones Telerate in Tokyo where he provided seminars for bank traders and later as the regional manager for technical analysis products in Asia Pacific. He is also an experienced speaker at seminars. He has lived in Asia for over 22 years in Hong Kong, Singapore and Tokyo where he now lives with his Japanese wife.

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