Description
Elliottwave – How to Use the Elliott Wave Principle to Improve Your Options Trading Strategies Course 2: Range Bound Strategies
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Learn how to effectively combine Elliott Wave and options strategies
This exciting course is the second of a multi-part series of options trading courses that will teach you how you can use the Elliott Wave Principle to improve your options trading. (Note: The first options trading course on Vertical Spreads is not a prerequisite for this options trading course.)
EWI Senior Tutorial Instructor Wayne Gorman walks you through real-life market examples to show you how Elliott wave and options strategies combine to form a formidable team that helps you improve your trading. Wayne also reveals certain “wing spread” and “income-generating” strategies that take advantage of sideways markets with low volatility. These strategies include:
Covered Put/Call
Bear Call Spread
Bull Put Spread
Long Butterfly
Long Condor
Here’s what you’ll learn:
Which wave function, actionary (main trend) or reactionary (countertrend), serves as the optimal context
Which wave structure provides the best opportunity for a successful trade, and which do not
Does the strategy work better at a relatively higher degree or lower degree
Which wave position provide you the optimal entry
How to apply Elliott’s rules and guidelines, including Fibonacci ratios
How to anticipate sideways markets and the type of wave structure that may unfold
What type of wave structure should precede your entry point and why
Where to set entry, target and exit levels
When to hold a position until expiration
How to achieve the optimum risk/reward ratio
How to fine tune strike prices and expiration dates
Learn how to anticipate and take advantage of sideways markets using Elliott wave and butterflies, condors and other related option strategies.
