{"id":16073,"date":"2012-09-13T21:57:22","date_gmt":"2012-09-14T01:57:22","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=16073"},"modified":"2012-09-13T21:57:22","modified_gmt":"2012-09-14T01:57:22","slug":"big-advantages-of-trading-with-the-wave-principle","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/09\/big-advantages-of-trading-with-the-wave-principle\/","title":{"rendered":"Big Advantages of Trading with the Wave Principle"},"content":{"rendered":"<p>What advantages does the Wave Principle offer to traders?<\/p>\n<p>Here's one of the big advantages of using the Wave Principle when trading: you can increase your understanding of <em>how current price action<\/em> relates to the <em>market's larger trend<\/em>.<\/p>\n<p>Other tools fall short in this regard. Several trend-following indicators such as oscillators and sentiment measures have their strong points, yet they generally fail to reveal the <strong>maturity <\/strong>of a trend. Moreover, these technical approaches to trading are not as useful in establishing <strong>price targets<\/strong> as the Wave Principle.<!--more--><\/p>\n<p>Here's another big advantage of using the Wave Principle in your trading, which comes directly from the free eBook <em>\"How the Wave Principle Can Improve Your Trading\"<\/em> -<\/p>\n<blockquote><p><em>\"Technical studies can pick out many trading opportunities, but the Wave Principle helps traders discern which ones have the highest probability of being successful.\"<\/em><\/p><\/blockquote>\n<p>Indeed, this valuable free eBook shows you how to identify and exploit the market's price pattern, as shown in the Elliott wave structure below:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.elliottwave.com\/images\/freeupdates\/Image\/WPTrading.jpg\" alt=\"\" width=\"420\" height=\"412\" \/><\/p>\n<p>The Wave Principle also helps you to identify price levels where you may want to place protective stops.<\/p>\n<blockquote><p><em>\"...although the Wave Principle is highly regarded as an analytical tool, many traders abandon it when they trade in real-time -- mainly because they don't think it provides the defined rules and guidelines of a typical trading system.<\/em><\/p>\n<p><em>But not so fast -- although the Wave Principle isn't a trading \"system,\" its built-in rules do show you where to place protective stops in real-time trading<\/em>.\"<br \/>\n<em>\"How the Wave Principle Can Improve Your Trading\"<\/em><\/p><\/blockquote>\n<p>Before you attempt to identify price levels for protective or trailing stops, you should first become familiar with these three rules of the Wave Principle:<\/p>\n<ul type=\"disc\">\n<li>Wave 2 can never retrace more than 100 percent of wave 1<\/li>\n<li>Wave 4 may never end in the price territory of wave 1<\/li>\n<li>Wave 3 may never be the shortest impulse wave of waves 1, 3, and 5<br \/>\n<h3><span style=\"font-size: small;\">By Elliott Wave International<\/span><\/h3>\n<\/li>\n<\/ul>\n<hr \/>\n<table>\n<tbody>\n<tr>\n<td valign=\"top\"><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=09ino&amp;rcn=aa306&amp;dy=aa091112&amp;url=http:\/\/www.elliottwave.com\/club\/improve-your-trading\/default.aspx?code=40817\"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.elliottwave.com\/images\/club\/web_ads\/3316-CG-Trading.jpg\" alt=\"\" width=\"125\" height=\"150\" border=\"0\" hspace=\"5\" \/><\/a><\/td>\n<td width=\"921\">The details and specific instructions for placing protective and trailing stops are in the BONUS section of the <strong>free eBook, \"<em><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=09ino&amp;rcn=aa306&amp;dy=aa091112&amp;url=http:\/\/www.elliottwave.com\/club\/improve-your-trading\/default.aspx?code=40817%26articleid=2071\">How the Wave Principle Can Improve Your Trading<\/a><\/em>.\"<\/strong>Here's what you'll learn:<\/p>\n<ul type=\"disc\">\n<li>How the Wave Principle provides you with price targets<\/li>\n<li>How it gives you specific \"points of ruin\": At what point does a trade fail?<\/li>\n<li>What specific trading opportunities the Wave Principle offers you<\/li>\n<li>How to use the Wave Principle to set protective stops<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=09ino&amp;rcn=aa306&amp;dy=aa091112&amp;url=http:\/\/www.elliottwave.com\/club\/improve-your-trading\/default.aspx?code=40817\"><strong>Keep reading this free lesson now &gt;&gt;<\/strong><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>\n<p><em>This article was syndicated by Elliott Wave International and was originally published under the headline <a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=09ino&amp;rcn=aa306&amp;dy=aa091112&amp;url=http:\/\/www.elliottwave.com\/freeupdates\/archives\/2011\/03\/03\/Big-Advantages-of-Trading-with-the-Wave-Principle.aspx\"><strong>Big Advantages of Trading with the Wave Principle<\/strong><\/a>. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.<\/em><\/p>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>What advantages does the Wave Principle offer to traders? Here's one of the big advantages of using the Wave Principle when trading: you can increase your understanding of how current price action relates to the market's larger trend. Other tools fall short in this regard. Several trend-following indicators such as oscillators and sentiment measures have [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3021,169,7948],"class_list":["post-16073","post","type-post","status-publish","format-standard","hentry","category-general","tag-elliot-wave-principle","tag-elliott-wave-international","tag-guest-bloggers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Big Advantages of Trading with the Wave Principle  - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wwwtest.ino.com\/blog\/2012\/09\/big-advantages-of-trading-with-the-wave-principle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big Advantages of Trading with the Wave Principle  - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"What advantages does the Wave Principle offer to traders? 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