Jeff Greenblatt – Breakthrough Strategies for Predicting Any Market

A book that will forever change the way you think about trading and take your technical analysis to the next level

Certain to become one of the great trading books of the 21^st century, Breakthrough Strategies for Predicting Any Marketis star trader, Jeff Greenblatt’s maxim opus. In it he shares his hard-won lessons on what it takes to be a professional trader, while detailing his proven techniques for mastering market timing. With the help of numerous case studies and charts, Jeff develops his original high-probability pattern recognition system which, once mastered endows its user with a deeper understanding of how the markets really work and boosts the efficiency of any trading methodology by an order of magnitude. Following in the footsteps of the great W.D. Gann, Jeff helps you gain greater precision in any instrument you trade, on any time frame.

• Actual market examples supplemented with 120 charts of stocks, bonds, commodities in multiple time frames from minutes to 10 years starting with varied combination of price, volume and momentum studies
• Makes even the most complex subject matter easy to understand with crystal-clear explanations and step-by-step guidance on all concepts, terms, processes and techniques
• Shares fascinating and enlightening personal anecdotes from Jeff Greenblatt’s career along with his candid reflection on getting and maintaining the mental discipline of a successful trader
• Identifies potential support and resistance levels, including envelope and channel analysis and Fibonacci ratios, and demonstrates that most reversals and breakouts occur on an key time bar

TABLE OF CONTENTS

Foreword xi

Acknowledgements xvii

Introduction xxi

1. Closing the Gap 1

Impulse Waves 3

Corrective Waves 6

Triangles 9

Diagonal Triangles 11

Sentiment 12

My Experience with Elliott 15

2. A New Look at the Language of Elliott Waves 17

Introduction to Time Relationships 20

Examining Corrections 23

In-Depth Look at Triangles 30

The Overlap Rule 33

3. Rotation in the Markets 41

Bear Rotations 44

The Entire Cycle from Bull to Bear Rotation 48

Advanced Set-ups 51

Sideways Markets 62

4. Candlesticks and the Time Element 67

Support and Resistance 69

Polarity Lines and Zones 79

Putting It All Together: Time Resistance 82

5. Divergences 89

MACD and Divergences 90

Intraday Case Studies 97

6. Volume Studies, Moving Averages, and the Time Element 115

Moving Averages and Time Clusters 116

Adding Volume to the Mix 120

Tracking Bull to Bear 122

Timing Cup and Handle Patterns 125

7. Hitting Moving Targets—Fibonacci

Price Projections 137

Creating Projections 139

Introductory Case Studies 140

Advanced Case Studies 157

8. Advanced Projection Techniques 163

Going the Extra Mile 164

Extensions Based on Corrections 166

Variations on Gartley for Corrective Wave Patterns 168

Adding the Time Element 174

Extensions off Triangle Breakouts 182

Larger Degree Projections 185

Advanced Calculations 190

9. Timing the Forex Market 195

Examining the Charts 197

10. Mental Toughness 213

Taking out the Garbage 214

The Zone 221

Developing Mental Toughness 223

Becoming a Nonconformist 229

Living in the Present 231

Exploring Different Methodologies 235

11. Practice Makes Profits 241

Practice Patience 242

High-Probability Set-ups with MACD Divergence 245

Calculating High Probability Targets 253

Buying Dips, Selling Rallies 267

Buying off Corrections 273

12. Conclusion 275

Bibliography 279

Glossary 282

Index 294

About the Author 311

AUTHOR INFORMATION

Jeff Greenblatt, a private trader for the past eight years, is the editor of The Fibonacci Forecaster, a market timing letter with circulation to traders and money managers in 17 countries that covers stocks, bonds, precious metals, currencies, and the crude oil market. A regular contributor to Futuresmag.com and Futures magazine, he has also published articles in Your Trading Edge magazine from Australia and The Trader’s Journal from Singapore. He speaks at various trading conventions and has been featured on KFNN 1510 Financial News Radio.