Mastering Elliott Wave: Presenting the Neely Method: The First Scientific, Objective Approach to Market Forecasting with the Elliott Wave Theory (version 2) 2nd Edition

I'd like to mention that this read is not your common trading book where you just pick it up, read all chapters and start applying it. Wouldn't that be nice? You may have to give it time for concepts and rules to start sinking in and finally start making sense. At first lots of unique rules and guidelines not present in the orthodox EW will slow you down a notch. In my view it is best to brake it down in distinct areas and get into it with no accountability of time...The publication is not very well organized. Mind that Mr. Neely isn't a professional writer nor pretend to be one, but the man dedicated a lot of his life studying the markets and layed down a wealthy of information in this book, that's what we came here for, kudos to Mr. Neely. The way you're going to embrace this material is subject to individuality and preference. Leave triangles for last? Skip chapters 1 to 3 and jump straight to 4? Read everything first then concentrate on whatever parts you see fit? Well, admitably everyone is different, that will be on you.If you are in a hurry or have no time to devote to this endeavor, do yourself and loved ones a big favor and don't even start (believe me, I'm trying to be helpful here). As you gradually learn the new concepts, rules, technics and then start contiously and automatically applying it to the markets, results will slowly show up, feels like magic sometimes.Price x Time relationship is a big thing in Neo Wave and also a really fun thing to observe happening in the markets once you learn how to apply it. As an average Elliotist You will not really notice or understand its use or functionality until you learn how to utilize it to your own advantage. Note that you are probably going to start trading way less as you will be more aware of the right time or situation to get in or out of a trade. As In trading nothing is perfect or cut and dry as many like to pursue when you start taking time and price consideration into your trades, it becomes a hole new ball game, a stronger toolset to say the least.Reality check, be aware! This is NOT an easy study and if you're not a "dedicated scientist" of sorts, it might not work for you that easy... As final note, for those advanced or pros who will initiate this journey by assuming they will breeze through this publication, well, good luck with that!If you are an intermediate level or just beginning with Elliott, Gann etc., there are more suitable publications out there. Give it a few years and you will be fine. Remember there is no need for a Marcerati, an average working car will do just fine.Be aware that Mr. Neely wrote this guide at his early days into the game and has since acquired a lot more experience and discovered some new things even new market formations. According to Mr. Neely himself he does not intend to publish a new revised edition of his book but has made available on his company's website a wealthy of free additional information where you can absorb a host of extra info that are sometimes even better resumed/simplified than on the original book.Before you take advantage of that though, make sure you study his book througfully first, or the extra information may serve you no purpose or even have you more confused at best.I generally never write reviews, but this one was different. This is my sincere opinion and hopefully will help you some.See you out there!Chief

Takes you deeper into Elliot’s theory but has his own method of applying it.

I am not a trader. I invest for the long term. I subscribe to the NeoWave forecast and find it useful for keeping me calm about what is happening in the markets and for making investment decisions. I was intrigued by Glenn Neely's methodology so I decided to study his method and ordered the book.I have read about Elliott Wave before, but never got started with it until now. Neely presents a version of Elliott wave forecasting that seems more complex than the orthodox version, but there is a reason for this, as he applies a number of tests to the market structures revealed by the charts (which are created in Neely's unique manner) in order to zero in on the highest probability forecast.The book's copyright is 1990, but is still relevant today. Although Neely never published an update, he offers an inexpensive 12-video series recorded recently that goes over every chapter of the book, and this I consider an update of sorts. In the video series I discovered that the toughest chapter to get through (chapter 3, for those who have suffered through it) is a breeze if you adopt his updated process of starting with a long term chart, and from that, creating short term charts (from monthly to weekly, from weekly to daily).The book is heavy reading, and often put me to sleep. I discovered that re-reading chapters, re-watching the videos, and studying the weekly forecasts is an effective way for me to "get" the material. And once I "got" it (and got through chapter 3!), I was excited for the rest of the book.This is a beautiful book, and if you are seriously considering the study of Elliott Wave I think you should add it to your bookshelf.

I would say this book is a great Elliott wave teacher. However, get ready for long concentration hours. It is a deep topic. I am mostly through the book and have reread most of the chapters more than once.I am glad I got it, as I didn't know enough about Elliott wave theory. I am starting to think I could use the concept now.Neely does a good job describing the basics needed to understand Elliott Wave Theory.