Breakthrough Strategies for Predicting Any Market: Charting Elliott Wave, Lucas, Fibonacci, Gann, and Time for Profit, 2nd Edition

CHAPTER 16

Conclusion

We’ve come on a very long journey, and if you are with me to this point, congratulations! If you’ve read this book through without paying too much attention to the charts you need to go back and study them one by one. Take as much time as you need. This is the kind of book you’ll come back to over and over. There is so much more here than the first edition. I wanted to expand on the timing principles we discussed in the original, but I also want you to recognize how deep the catalog of pattern-recognition opportunities are in financial markets. Every time you go over these charts you’ll learn something new. Every time you go over these charts you’ll pick up something you didn’t see the last time. You’ll come to these charts and apply them in real time to your favorite charts.

■ Courage of Your Convictions

There’s the macro and the micro. We spend a lot of time studying the bigger picture because what I find happening is that many people sign up for help only after they lose a lot of money. They lose because they don’t understand the trend change. You can make $5,000 or $10,000 in a bull or bear market, but give it right back in the first couple of months after the market reverses. What good is that? That’s one part of it. The other part is recognizing good symmetries at the turns, not because it makes you a hero or feeds your ego. You want to know these symmetries because its going to give you a significant edge on the competition. You may not always be right. ...