Excerpts Elliott Waves Vol 4 E+

Excerpts, Contents & Prices
Volume 4
of a Four-Book Series
Elliott Wave Trading -

a nuts-and-bolts professional approach
by Dr Mircea Dologa, MD, CTA
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Dr Mircea Dologa, MD, CTA, Paris

Elliott Wave Trading
A nuts-and-bolts professional approach
Exercises in REAL TIME CASES
4
Advanced Level
---------------------------------------
Dr Mircea Dologa
------------------------------------------------------------------------
Elliott Wave Trading
A Nuts-and-Bolts Professional Approach
Exercises in REAL TIME CASES
Advanced Level
Volume 4
------------------------------------------------------------------------
Copyright 2018 by Dr Mircea Dologa
Date of Publishing – January 10th, 2018

Printed in France
Copyrights Notice
ALL RIGHTS RESERVED: No part of this material may be reproduced without
written permission from the publisher and the author. No part of this book may be
reproduced, stored in a retrieval system, or transmitted in any form or by any means,
photocopying, electronic, mechanical, or otherwise, without the prior permission of the
publisher and the author.
Library of Congress Cataloguing-in-Publication
Protected by United States Copyright Law
Certificate of Registration issued under the seal of Copyright Office in accordance
with title 17, United States Code.
ISBN (13) 978-2-9562104-2-9

EAN 9782956210429
www.pitchforktrader.com
Paris – FRANCE
Elliott Wave Trading - A Nuts-and-Bolts Professional Approach - Volume 4
Volume 4
Advanced Level
480 pages – 533 charts – 43 Excel files & Tables
by
Dr Mircea Dologa, MD, CTA
Contents – Volume 4
--------------------------
Introduction ... 8
Chapter 1 – The Nuts-and-Bolts of a Profitable Elliott Wave Trader ... 10

Write the trading plan, stick to it and trade the trading plan
1. Micro Trading - Return to Basics:
Structure, Behaviour and Projections of the Current Swing & Last Bars across the Time Frames
1.1 Behaviour of the bars
1.2 80/20 Bar Rule
1.3 Body Size of the Bars
1.4 Bar Tails
1.5 Big Bars
1.6 Small Bars
1.7 Colour of Bars
1.8 Closing and Opening of the Current Bar with Regard to the Next Bar
1.9 Opening Level of the Next Bar
1.10 Bars of Double Tops and Double Bottoms
1.11 Inside Bar – Clearing Out the Doubt of the Next Bar Occurrence
1.12 ID / NR4 Pattern (Narrowest Range Bar Out of the 4 Bars)
1.13 NR7 Pattern (Narrow Range Bar out of the 7 Bars)
1.14 Opening Range Breakout [ORB or ORBP] Trade
1.15 Contrary Market Move Exceeding the Proximal Extremity of Last Bar
1.16 Contrary Market Move Exceeding the Proximal Extremity of Last Swing [Count Back Line (CBL)]
1.17 Candlestick Bars
1.18 Daily Bars
1.19 Weekly and Monthly Bars
1.20 Bar Count Technique
2. GMMA- Guppy Multiple Moving Averages
3. Forecast the Most Probable Scenario of the Market Flow
4. Plan a Second Scenario and Specify when the First is Invalidated
5. Establishing the Key-Levels & Limits of the End-Run Phenomenon
5.1 Price Key Level Locations
5.2 Combined Gann Angles and Fibonacci Levels as Trend Delimitation Factors - Confluence Build-Up
5.3 Combined Gann Angles, Floor Pivots and Jenkins Circles as Trend Delimitation Factors – Confluence
Build-Up
5.4 Curvilinear Limit Techniques – Confluence and Resistance/Support Build-Up
5.5 Long-Term Curvilinear Limit Techniques – Circles, Geometric Angles and Fibonacci Ratios Build-Ups
across the Years
5.6 Drawing of Orthodox and Unorthodox Trend Lines
5.7 Directional, Retrograde and Schiff Drawn Pitchforks
5.8 Gann Box
5.9 Diamond Pattern – Richard Schabacker’s Forgotten Trading Tool
5.10 Jenkins True Trend Lines
Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED -www.pitchforktrader.com

Elliott Wave Trading - A Nuts-and-Bolts Professional Approach – Volume 4 2
6. Applying the Top-Down Technical Analysis

6.1 Why this Analysis is Indispensable for Trading?
6.2 Understanding the Dominant Trend on Each Time Frame
6.3 Internal Structure of an Ascending (A)-(B)-(C) Pattern across Time Frames
7. Daily ATR(14) used as a Tool on Operational Time Frame (15-min chart)
8. Opening Range, Gap Extensions and Daily ATR(14) as Combined Tools
9. Detecting the Most Lucrative Time-Zone for Intraday Trading
10. Detecting the Correction Ending (Wave C for Zigzag) in Trade Preparation Process
11. Detecting the Correction Ending (Wave E for Corrective Triangle) in Trade Preparation Process
12. What is the Most Lucrative Time Frame for Intraday Trading?
12.1 Track a 15-min chart
12.4 Track a daily chart
12.5 Track a weekly chart
12.6 Conclusion
13. What is the Most Profitable Financial Instrument for Intra-Day Trading?
14. Continuous Quote Monitoring of Entire Index Stock Array to Determine the Market Flow Behaviour
14.1 Composition of a Stock Index – Identifying the Tier 1 Stocks
14.2 Percentages of Stocks - A Real-Time Watch for Trending Stocks
14.3 Tier 1 Stocks Act as a Proxy for Stock Index Fluctuations
15. Trader’s Journal – Keep Notes on Thoughts
15.1 Momentum Status – Kinetic Energy Sources Influencing Tomorrow‘s Trades
15.1.1 External Energy Source - The Impact of Nikkei 225 & S&P 500
15.1.2 Internal Energy Source - The Impact of Previous Daily Chart Pattern
15.1.3 Internal Energy Source - The Impact of Previous 60-min Chart Pattern
15.1.4 Internal Energy Source – Strength/Weakness of Dax 30 Stock Index Components
(Hans Indicator)
15.1.5 Evaluation of the Internal and External Momentum
15.2 Trend Status
15.2.1 Elliott Wave Identification
15.2.2 Pitchfork as an Efficient Directional Tool
15.2.3 Volatility Measure through Bollinger Bands, ATR (14) and MAs
15.2.4 Quantifying the Trend Momentum
15.3 Version 1 Short Trade Practiced by One of Our Students – OBV Not Used
15.4 Version 2 Short Trade Advised by Us
15.5 Optimal Choices of Entry Tools
15.6 Could We Have Improved the Trade Profitability?
15.7 Optimization of the Locations of the Trailing Stop Losses
15.8 Which Exit is Optimal, the Manual Mode or the Pre-arranged Stop Loss?
16. Study of George Soros’s British Pound Transaction – September 16th - 1992
16.1 Revisiting George Soros’ Trade
16.1.1 Fundamental Analysis: Economic Climate as a Prevailing Trade Influence
16.1.2 Technical Analysis: Trade Entry Timing
16.2 George Soros’ Trade: Multiple Time Frames - Weekly and Daily GBP-USD Chart
17. Key Points to Remember
Chapter 2 – Trading Wave W1 ... 101

Early ending detection of the ABC pattern of prior cycle guides the W1 trade profitability
1. Description of Wave W1 - Focus on Terminal Subwave w5 of Wave C of the Previous Pattern
2. Specific Vital Space of Wave W1: Time & Price Trading Scene
3. Errors to be Avoided in Wave W1 Trading
3.1 Getting Confused when Wave W1 is Zigzagging Building Up a Leading Diagonal Triangle
3.2 Consider Subwave (i): W1: W(1) as a Corrective Subwave of Wave (C)
3.3 Missed the Confirm the First Volatile Bar as a Signature of Wave W1 Inception
4. Beginner’s Trading Techniques
4.1 Breakout Technique – Micro Trading using 3-min Chart [Bollinger Bands, OBV & RSI]
4.2 Breakout Technique through Bollinger Bands using 15-min Chart [OBV & RSI]
Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

4.3 Breakout Technique through Double Bollinger Bands using 15-min Chart [OBV & RSI]
4.4 Breakout Technique through Bollinger Bands & Keltner Bands using 15-min Chart [OBV & RSI]
4.5 Breakout Technique through Triple 34-ema Moving Averages (Snake’s Trade) using 15-min Chart [OBV &
RSI]
4.6 Price Failure Technique using 15-min Chart [OBV & RSI]
4.7 Wedge Technique using 15-min Chart [ATR (14)]
4.8 Trend Line Technique Associated with RSI using 15-min Chart [ATR (14)]
4.9 A-B-C Swing Technique Associated with Pitchfork and Fibonacci Price Ratios using 15-min Chart
4.10 Geometric Angles (45° and 22.5°) Technique using 15-min Chart
5. Concrete Professional Trades: Wave W1 & its Subwaves - Short & Long Examples
6. Trading Approach of Elliott Wave W1
6.1 Elliott Wave Theory
6.2 Description of the Impulsive Pattern
6.3 General Knowledge about Impulsive Wave W1
6.3.1 Description of Wave W1
6.3.1.1 Origin of Wave W1
6.3.1.2 Characteristics of Wave W1
6.3.1.3 Advanced Market Indicators
6.3.1.4 Pinpoint the End of Wave W1
6.3.1.5 Characteristics of the Corrective Subwaves: w2 and w4 of poly-wave W1
6.3.1.6 Relationships with Other Chart Formations and Key Levels
6.3.1.7 Differential Diagnosis
6.4 Trading Wave W1
Chapter 3 - Can Wave W(2) be Traded through Subwaves A and C? ... 174
Only a professional approach can succeed in W2 trading
1. Description of Wave W(2)
2. Specific Vital Space of Wave W(2): Time & Price Trading Scene
3. Errors to be Avoided in Wave W(2) Trading
4. Focus on Wave W(1) and Its Terminal Subwave
5. Concrete Professional Wave W(2) Trade Examples
6. Concrete Professional Primary W(2) Trades: Short Intermediate Waves (A) and (C) Examples
6.1 Brief Description of the Corrective Wave W(2)
6.2 Trading Wave W(2) Plan
6.2.1 Related to Precedent Wave W(1)
6.2.2 Related to Nascent Subwave A of Wave W(2)
6.2.3 Related to Nascent Subwave C of Wave W(2)

Depth degree of W2 guides the W3 trade profitability
1. Crowd Behaviour and Elliott Waves (Part I)
1.1 Fractal Nature of Waves
1.1.1 Impulsive Pattern
1.1.2 Classic Development of Wave W3
1.1.3 Macro Observation of Waves
1.1.4 Extended Wave W3 Development
1.2 How High is High?
2. Trading the Trend in Wave W3 (Part II)
2.1 Pitchforks and Channels
2.2 Multiple Time Frames
2.3 Tools of Trend
2.4 Gaps within Trends
3. Trading Wave W3 (Part III)
3.1 Getting Ready: Be Alert to the Possibility of an Extended W3 Trade
3.2 Typical Trade Entry

3.3 Initial Stop-Loss

3.4 Break-even and Trailing Stops
3.5 Anatomy of a Trade – Stop-Loss Methodology
4. Knowledge and Confidence
5. Specific Vital Space of Wave (3): Time and Price Trading Scene
5.1 Wave W(3) Vital Space Measured by Gann Box Ratios 1.618x1.0
5.2 Wave W(3) Vital Space Measured by Gann Box 360x18
5.3 Wave W(3) Vital Space Measured by Gann Angles
5.4 Wave W(3) Vital Space Measured by Gann Angles and Jenkins Circles
5.5 Wave W(3) Vital Space Measured by Geometric Angles
6.1 Misunderstanding the Proportionality Principle
6.2 Mislabelling of an Impulsive Wave – Lack of Using a Consolidation Extension
6.3 Mislabelling of a Terminal Impulsive Wave – Lack of Using OSC (5, 35)
7. Focus on Precedent Wave W(2) and its Terminal Subwave C: W(2)
8. Concrete Professional Wave W3 Trade: Long Examples
9. Trading Approach of the Most Profitable Elliott Wave [W(3)]
10. Trading Elliott Waves from the Low to the High
10.1 Weight of Evidence Vouching for the New Trend
10.2 Systematized Visualization Tool
10.2.1 Swing Distribution Technique
10.2.2 Territorial Distribution Technique
10.3 Cartesian Space, the Ideal Way to Set the Trading Arena
10.4 Which is the Optimal Level to Enter a Wave W(3) Trade?
10.5 Which is the Optimal Level to Exit a Wave W(3) Trade
Chapter 5 - Can Wave W(4) be Traded through Subwaves A and C? ... 298
Only a professional approach can succeed in W4 trading!
1. Description of Wave W(4)

2. Specific Vital Space of Wave W(4): Time and Price Trading Scene
5. Concrete Professional Wave W(4) Trades: Short A: W(4) and Short C: W(4) Examples
5.1 Short Trade of Wave A of an A-B-C Pattern of Wave W(4)
5.2 Short Trade of Wave C of an A-B-C Pattern of Wave W(4)
6. Trading Approach of the Depthless Corrective Elliott wave [W(4)]
7. Where Time Meets Price - A Possible Missing Link between Elliott Waves and Gann?
8. Gann Tools Revealing an Organized Structure within the Apparent Market Chaos
9. Time and Price Relationship in Structuring the Elliott Waves – A Golden Trading Approach
10. Role of Time and Price Relationship in Gann’s Methodology
11. Dr Michael Dologa’s Price and Time Technique – A Trend Line Taken as Box Diagonal

Width & depth degree of W4 dictates the profitability of a W5 trade
1. Description of Wave W5
2. Specific Vital Space of Wave 5: Time & Price Trading Scene
2.1 Pitchfork as the Main Tool for Identifying the Directional Development
2.2 Gann Box and Angles Draw the Optimal Pathway of Wave W5 Vital Space
3. Errors to be Avoided in W(5)Trading
3.1 Is wave W(5) terminated or not?
3.2 Are there Two Scenarios Forecasted: Up- or Down-Sloping?
3.3 Differential Diagnosis between subwave X: W(4) and w1: W(5)
4.1 Price Extensions of Wave W(4) as a Target for W(5)
4.2 Pitchfork Using the Wave W(4) Extremities [P1 & P2] as W(5) Development Guide
4.3 Elliott Wave w2-4: W(5) TLs & W(4) Radius Circle Used as W(5) Development Guides
4.4 Elliott Wave w2-4: W(5) TLs & W(0-3) Radius Circle Used as W(5) Development Guide
5. Concrete Professional Wave W(5) Trade: Long Example
Chapter 7 - Annexes: Excel Spreadsheets, Tables and Calculations ... 424

The reader can obtain any annexe file from the author at:
mircdologa@yahoo.com
Plate no. 1 – Circles and Market Symmetry

(for more details see Chapter n° 1 – Fig. 30 & Fig. 36)
Plate no. 2 – Locations of Open and Close Levels, a Mirror of Market Behaviour
(for more details see Chapter n° 1 – Fig. 1A)
Plate no. 3 – Daily ATR(14) used as a Tool on Operational Time Frame

Plate no. 4 – Drawing the 45° Degree Angle on Screen

(for more details see Chapter n° 2 - Fig. 185 & Fig. 186 )
Plate no. 5 – Candlestick Continuation Patterns
Plate no. 6 – Candlestick Neutral Patterns
Plate no. 7 – Candlestick Reversal Patterns
Plate no. 8 – Pullback and Correction Identification

(for more details see Chapter n° 3 – Fig. 247)
Plate no. 9 – Count Back Line (CBL) Description
Plate no. 10 – Global Entry Table – to be Filled in before Every Entry
(more details - see Chapter n° 6 – Fig. 481)
Plate no. 11 – Questions to be Answered before Entering the Trade
(more details - see Chapter n° 6 – Page 414)
Plate no. 12 – Trade Entry Specific Factors
Plate no. 13 – Multiple Time Frame Floor Pivots
(for more details see Chapter n° 2– Fig. 210)
Plate no. 14 – Square of Gann Levels – Downwards & Upwards Cycles
Plate no. 15 – Square of Gann Levels – Multiple Downwards Cycles
Plate no. 16 – Gann Cardinal Price Square of Nine in an Up-Trend
Plate no. 17 – Jenkins Circles Applying the Alternate Radius Technique –
Curvilinear Confluence which Halted Wave W(2)

Plate no. 18 – Jenkins Circles using two Radii – Wave W(3) Development Monitoring
(for more details see Chapter n° 4 – Fig. 320 & 322)
Plate no. 19 – Gann Box and Jenkins Circles

Plate no. 20 – Calculation of Subwave w5: W(1) Terminal Level using W(1) Subwaves
Plate no. 21 – Calculation of Wave W(1) Terminal Level using Waves (A), (B) & (C)
Plate no. 22 – SHORT Wave W(2) - Calculation of Wave C Target using A-B-C&Wave A
(for more details see Chapter n° 3)
Plate no. 23 – LONG Wave W(2) - Calculation of Wave C Target using A-B-C & Wave A
Plate no. 24 – Wave W(4) Trading – Calculation of a Single R/R Ratio

Plate no. 25 – Wave W(4) Trading – Calculation of Multiple R/R Ratios

Plate no. 26 – Vital Space of Wave W(2) using Gann Box & Gann Angles
Plate no. 27 – Wave W3 Terminal Level through Miner Calculations

Plate no. 28 – Wave W3 Terminal Level through Fisher & Miner Calculations
Plate no. 29 – Calculation of Wave W(3) Termination using W(1), W(2) & Subwaves of W(3)
Plate no. 30 – LONG W(4) Trade - Calculation of C: W(4) Termination using W(3) and A
Plate no. 31 – SHORT W(4) Trade - Calculation of C: W(4) Termination using W(3) and A
Plate no. 32 – LONG W5 Trade - Calculation of Target Level using W1, W0-3 & W4
Plate no. 33 – SHORT W5 Trade - Calculation of Target Level using W1, W0-3 & W4
Plate no. 34 – SHORT W5 Trade - Calculation of Target Level using W1, W0-3, W4 and
Subwaves w1, w0-3 & w4 of wave W5
Plate no. 35 – LONG W5 Trade - Calculation of Target Level using W1, W0-3, W4 and
Subwaves w1, w0-3 & w4 of wave W5
Plate no. 36 – Trader’s Journal – to be filled in (for more details see Chapter n° 6, Fig. 481)

Plate no. 37 – Trader’s Journal – LONG Trade (more details - see Chapter n° 6 – Fig. 481)
Plate no. 38 – Trader’s Journal – A Few Positive and Negative Attitudes

Plate no. 39 – Profit and Risk Optimization on Multiple Time Frames

Plate no. 40 – Profit and Risk Optimization on Multiple Time Frames

(more details - see Chapter n° 1 – Fig. 99-101)
Plate no. 41 – Trading Potential of Dax Index Futures during an Eight-Day Period
Plate no. 42 – Trend Identification – Characteristics and use of Multiple Time Frames
Plate no. 43 – HANS Indicator – An Inside Evaluation of Dax Market Fluctuation

Plate no. 44 – George SOROS Trade – September 16th, 1992

Plate no. 45 – Harmonic Moving Averages – 5-sma, 15-sma & 30-sma
Plate no. 46 – Tools Synopsis used in LONG / SHORT Dax 30 Trading

Plate no. 47 – Cluster Search through Floor Pivots, Daily ATR(14), Opening Range & Gap
Plate no. 48 – Market Mapping – Quest for End-Run Phenomenon
Plate no. 49 – Three Pawn Technique – A Risk and Management Methodology

Plate no. 50– Three Pawn Technique Table for a SHORT Trade with an Add-On & Trail SL
Plate no. 51 – Three Pawn Technique Table for a SHORT Trade exited by a Trail Stop Loss
Plate no. 52 – Three Pawn Technique Table for a LONG Trade with an Add-On & Trail SL
I. Bibliography of Dr Mircea Dologa ... 476

A. Trading Books and Videos ... 476
B. Trading Articles ... 477
II. Bibliography – Other Suggested Reading ... 479

Introduction
“If you don’t try to be the best, it means that you ceased to be good.
We are the masters of our own fate!”
In one of his presentations, Zoran Gayer, a faithful follower and developer of Elliott
Principle, has embraced Elliott thinking and has extended it with the application of chaos
theory. The trader must look for the moment of maximum uncertainty, the edge of chaos,
after which markets coalesce around a direction. That’s where the trader comes in… He/she
must observe the end of these coalescent zones and then, and only then, must enter the
market in the dominant direction. This well assimilated behaviour is the warranty of a
successful trader. But this will not come without “sweat and tears”; the wisdom from
sagacious China says: “What first brings pleasure, in the end gives only pain, but what at first
causes pain, ends up in great pleasure”.
Common sense compels us to acquire a consistent trading technique that gives us the
confidence to learn how to trade successfully. We must stack the odds in our favour. Elliott
wave principle is one of the profitable choices.
Volume 4 is uniquely specialized in presenting real time trading cases, thus showing the
apprentice trader how to apply the assimilated knowledge to an ongoing market.
Like the sniper, the trader will have the patience to wait for the well-assessed and waited for
trading set-up and only then, he/she will take action. The volume is composed of 7 chapters
(480 pages, 533 charts and 43 Excel & Table files). The successful outcome is simple… One
target, one hit.
The main purpose of writing this manual was dictated by the author’s desire to help the
traders in their process of applying the trading rules for each of the impulsive Elliott waves:
W1, W3, and W5. Even if it is not advisable for the beginner or for the experienced trader to
trade the corrective waves, the author emphasizes here the high caution of doing just that,
but only once the trader has acquired the necessary experience. Thus, the W2 and W4
trading will not have any secrets for the astute trader. The trading approach of the
impulsive waves, A and C, of the corrective A-B-C patterns are not neglected either.
Numerous and efficient little known topics are described and illustrated here by means of
many charts:
• Conceiving the most probable scenario, always having an alternate one with their
invalidation/reinitiating conditions;
• Detecting the end-run phenomenon and the source of building the kinetic energy
indispensable to the momentum strength of Elliott waves;
• The top-down technical analysis;
• The identification of the dominant trend;
• The role of the last bar and also the last swing to forecast the identification of the
incoming swing/trend;
• The most optimal trading time frame to be used.
All these are scrupulously and methodically written in trader’s journal. The module of risk
and money management is considered here as one of the most important elements, a truthful
gearwheel indispensable to the well oiled mechanism of getting a highly profitable trade.

In practicing these real time cases presented in this manual, we have conceived and leaned
on a strategic analysis composed of six tactical precursory trade parameters.
1. Pre-Market Momentum Evaluation :
o External: Nikkei 225, US News at 14:30hrs (CET),
o Internal: Energy sourced out of previous day.
2. Quantifying the Internal Strength / Weakness of the Ongoing Market
3. Evaluation of the most Current Deploying Momentum (Vertical & Horizontal Axis)
4. End-Run Limits forming Resistances, Supports, Clusters and Confluences
5. Strict Monitoring for Reversals / Continuation
6. Money and Risk Management.
The Annex chapter, at the end of this volume, will efficiently serve the trader with its Excel
spreadsheet and tables. They were conceived not only to enhance the assimilation of the
entire material, but also to give the trader a better chance to be ahead of the crowd. Always
remember that “The Elephants don’t like to be accompanied!” The loneliness of the
accomplished trader is the same as that of the marathoner’s who is trying to win every race.
Dr Mircea Dologa, MD,

Commodity Trading Adviser
June 21th – 2018
Paris – France

Fig. 25 - The above floor pivot table calculates the values of daily, week and monthly time frames.
As we already know, the best landmarks to halt or reverse the market are the clusters and the
confluences. We can classify the pivotal cluster as one of the best stopping landmarks. Its halting power
is dramatically enhanced when it is formed of multiple time frame components. We observe in the above
pivotal table corresponding to the chart in Fig. 24, several possible clusters:
• Cluster Zone 12956-12948 marked as n° 1 on the table, corresponding to the monthly mid pivot P/S1
and daily mid pivot S4/S5,
• Cluster Zone 12997-13003 marked as n° 2 on the table, corresponding to the weekly pivot S2 and
daily mid pivot S3/S4,
• The daily pivot S5 at 12916 key level is the optimal floor pivot susceptible to reverse the market if the
cluster zone 12956-12948 (n° 1) will be broken down.

Fig. 48 – The above weekly Dax chart is the same as the previous chart but one week later. The big
volatile bar broke up the upper right side of the diamond moving hastily towards the 0.75 Fibonacci
price ratio at the 5701 key level of the relation C of A. The magnet-like effect of the median line of the
pitchfork exerts a strong attracting action upwards. The presence of the pitchfork signals the trend
continuation and we could forecast the terminal level of the ongoing trend by using the expansions of
the height of the diamond.
Fig. 49 – The above weekly Dax chart is the same as the previous chart but one week later. The
occurrence of a second big volatile bar raised the market towards the median line at the level of the
cluster zone 5748-5758. Another cluster is waiting to halt or reverse the market at 6094-6097 level.

Fig. 98 - The above table shows the trading parameters of a 15-min Dax Futures chart (see Fig. 96)
during the period of March 19 to 28, 2018. The optimal trading specificity of Dax Futures consists in its
constant behaviour: the greatest intra-day ATR value amount around, 2-5 swings daily, 193 to 651
points intra-day and a predictable morning and after-noon behaviour. Even if we deduct 30% from the
intraday amount (entry & exit losses), we still get 4812 to 16275 euros, a comfortable profit for the
experienced trader.
Going even further in our comparative study we observe below (Fig. 99 to Fig. 103) the huge
opportunity of trading Dax Futures with regard to S&P500 and currency pairs.
Fig. 99 - The above table illustrates the comparative parameters expressed in Euro amount ratios and
percentages compared with the Dax Futures. In spite of the common beliefs, Dax Futures is the optimal
trading financial support choice, followed by JPY/USD, EUR/USD and lastly S&P 500. The GBP/USD
amount is placed the last in this comparative list representing only 11% of Dax amount.

16. Study of George Soros’s British Pound Transaction – September 16th - 1992
16.1 Revisiting George Soros’ Trade

This transaction remains one of the most profitable trading work, which was ever done,
using the Fundamental Analysis combined with Technical Analysis.
Fig. 131: Mixing the two analyses makes a good outcome
16.1.1 Fundamental Analysis:

Economic Climate as a Prevailing Trade Influence
As they say, Black Wednesday of September 16th, 1992 was baptized “the day when the
speculators broke the British Pound.”
In the race to keep the pace with the German economy, the British economy triggered lower
interest rates provoking a higher inflation. As a result, the island’s inflation climbed sky
high several times. As a solution, the interest rates were increased so that it will attract
investors.
This scene laid out a highly profitable opportunity in the trading arena by shorting the
British pound; among other speculators George Soros, took full advantage.
o Some arguments of this highly profitable Short trade
Date – September 16th, 1992 named Black Wednesday
Size of the Traded Capital in GBP - 10 billion British Pounds
Profit Quantum Fund – 2 billion British Pounds
Trade used was Short
Fundamental analysis revealed a steep depreciation of the British Pound.
Technical analysis showed a declining tendency which was aggravated once the fall
had begun. The trade entry was placed more than 30% after the chart opportunity
occurred.
Financial instruments practised: Futures and Options
Duration of trade : September 16th to December 18th, 1992
Major Events: depreciation of the British Pound within few days:
• 15% with regard to DEM
• 25% with regard to USD
o Using the last high level forming an upward hook, in a descending OBV indicator zone of
wave C as the threshold of the initiation of the new wave W1 with the condition that the
previous wave C has completed its internal five wave structure. This is usually labelled
subwave w5: C or at even lower degree subwave (v): w5: C, far better visualized on
lower time frames.
o The behaviour of the Volume indicator is simply irreplaceable in confirming or rejecting
the real momentum of an up-sloping movement, especially in the process of the
terminating and reversing of the wave C. The OBV and the Volume indicators go hand-
in-hand. The former has a larger time span approach and the latter possesses a snapshot
approach mirroring the development of the current candle and whether or not it exceeds
the average level of the previous candles.
Fig. 220 - The above chart shows the high volatility of the first bar of W1-wave, which has surpassed the
maximum level of the reversal descending bar (7312.5).
The temporary decrease in volume to 10.5 mil was eventually offset by a strong ascending momentum,
which pushed the trading volume up to 12.3 mil.
The termination and the reversal of wave (C) accompanied by the initiation of subwave w1 is confirmed
by the following elements: volume reversal with increased value, fill-in of the descending gap, exceeding
the close level of the last descending bar at 7312.5 level and the increased momentum slope of subwave
w1.

corresponding to the saying… “Don’t ever leave the money on the table for the
market”.
The size of the risk is directly proportional with trader’s mastery to identify the
optimal location of stop losses. The shorter the risk is, the better the trader’s ability
to protect himself/herself will be.
¾ The fifth column is titled “Reward/Risk” ratio,
¾ The sixth column contains “Observations” and specifies the feasibility of the
considered trade. A trade may be considered as feasible if the R/R ratio is superior to
the 2.5 value.
Fig. 254-A – The above table is used in the feasibility calculation of a W(2) trade through the R/R
ratio with regard to the 2.5 ratio standard value.
Fig. 254-B - The

right-hand side
table is used in a
particular
calculation of the
R/R ratio in trading
wave W(2) of the
chart in Fig 259.
We notice the low
value of the stop
loss risk of 7.5
points which
represents a mere
50% of the chart’s
ATR(14) – refer to
table in Fig. 263.

Fig. 286 - SIDE BAR – Trend Identification. This Excel file can be obtained from the author at
mircdologa@yahoo.com.
IMPORTANT: Please read carefully the Notes (bottom of above table) before use!
Notes:
* Momentum Count Bars - one can expect trend changes at the Fibonacci numbers.
We noticed that all the trends on the above time frames have a Fibonacci count bar
number, respectively: 21, 21, 13 and 8. The trend reversal is synchronous with the count.
Start counting with the first bar of a new swing. The bar count is valid only if the counted
bar exceeds the previous bar high (in uptrend) or prior bar low (in down trend).
** Trend Inception Nest - it is the inceptive rectangle from which the trend is born.
The wider its length, the stronger the trend momentum, the steeper the trend slope
*** False Stochastics Indicator - is a proprietary tool of eSignal Advanced GET System.
A real screen space saver, it has a dual action in assisting the trader not only to identify
the reversals but also to detect the various stages of the trend: inception, development and
termination.
**** Count Back Line - CBL - an excellent exit tool, borrowed from swing and position trading.

Fig. 384 –
The above table illustrates the market levels of Gann’s Square of Nine in descending mode
(refer to the right sides). Gann taught us that from a single extremity chart level we can
forecast the developing levels of a trend, susceptible to temporarily halt or to reverse the
market current flow. Keep in mind the main locations: 45°, 90°, 180°, 270° and 360°.
In our search for Gann clusters we have used several lower Highs, starting with the highest
High: 12650, 12630.5, 12597.5 and 12572.5. The trader calculates from these Highs, in
descending mode, the Gann levels. The down-sloping market flow is susceptible to be halted
or reversed at 45°, 90° and 135°, respectively:
¾ 12481.9, 12462.5, 12485.5 and 12460.6 Gann cluster (marked by encircled cells),
respectively, 135°, 135°, 90°and 90° of the 1st, 2nd, 3rd and 4th down cycles,
¾ 12537.8, 12541.4 and 12530.5 Gann cluster (marked by arrows), respectively, 90°,
45°and 33.75° of the 1st, 3rd and 4th down cycles,
¾ 12481.9, 12518.4, 12485.5 and 12516.5 Gann cluster (marked by a small filled square),
respectively, 135°, 90°, 90°and 45° of the 1st, 2nd, 3rd and 4th down cycles.

Fig. 466 - The above table illustrates the market price values of Gann Cardinal Price Square of Nine
levels in an ascending mode (+ 1 increment). We have used the lowest Low in order to obtain the
optimal Gann ascending pathway. Once we have filled in the lowest Low value of the start-up cell with
the 12105 key level value, marked “Begin” and the cell concerning the +1 increment value marked
“Increment” for the ascending mode, we will closely follow the three possible pathways: north (N 0°),
north-west (N-W 45°) and north-east (N-E 315°). Frequently, the progression of the trend of the market
flow can be closely followed on one of these pathways. In this case, the chosen pathway was N-W 45°.
Gann taught us that from a single extremity chart level we can forecast the developing levels of a trend,
susceptible to temporarily halt or to definitively reverse the market current flow.
We have placed these Gann levels on the 15-min Dax Futures charts shown below (refer to Fig. 467).
For the ascending forecast movement the calculation was done from the lowest Low at the 12105 key
level. Thus, we reached two consecutive key levels: 12361 and 12429. The former is just two points
below the highest High of wave W(3) at the 12263 key level and the latter will be 1.5 points above the
highest High of wave W(5) at the 12427.5 key level.
We will see in the next charts that these Gann levels guided us to manage the Long trade. Thus, the
trade exit was selected at the 13361.5 key level located on the north-west (45°) pathway of the above
Gann Cardinal Price Gann Square of Nine.
TIP: I have been frequently asked… How do you optimally select the Gann levels? We have
three rules:
¾ We always use the lowest Low to forecast the ascending Gann levels and highest High
to predict the descending Gann levels. This is the first rule!
¾ We pay more attention to the cardinal levels of the cycle: 45°, 90°, 135°, 180°, 225°,
270°, 315° and 360°. We are not saying that the in-between levels are not useful but
they contain more market noise and give mediocre results. This is the second rule!
¾ The third rule is as important as the previous two rules: Always select the Gann level
that goes hand-in-hand with an adjacent level in the process of forming a potential
cluster. In our opinion, the dam-like cluster that reverses the market would be made
of a Gann cardinal cycle level (90°, 180° & 360°) with multi time frame floor pivots,
preferably weekly and monthly.

Chapter 7
Annexes – Excel Spreadsheets, Tables and Calculations
Plate no. 1 – Circles and Market Symmetry


Plate no. 4 – Drawing the 45° Degree Angle on Screen

(for more details see Chapter n° 2 - Fig. 185 & Fig. 186 )

Plate no. 26 – Vital Space of Wave W(2) using Gann Box & Gann Angles

Plate no. 31 – SHORT W(4) Trade - Calculation of C: W(4) Termination using W(3) and A

Plate no. 47 – Cluster Search through Floor Pivots, Daily ATR (14), Opening Range & Gap

Plate no. 48 – Market Mapping – Quest for End-Run Phenomenon

I. Bibliography of Dr Mircea Dologa
A. Trading Books and Videos
Dologa, Mircea [2016]. Elliott Waves Trading – A Nuts–and-Bolts Professional Approach,

Volume I – 476 pages, Pitchforktrader.com, Paris, France
Volume II – 600 pages, Pitchforktrader.com, Paris, France
Volume III – 550 pages, Pitchforktrader.com, Paris, France
Volume IV – 500 pages, Pitchforktrader.com, Paris, France
EXCERPTS of the ABOVE 4 books - COPY & PASTE on the browser:
http://pitchforktrader.com/EXCERPTS/Elliott_Wave_Volume_1.pdf
Dologa, Mircea [2006]. “Integrated Pitchfork Analysis- Beginner & Intermediate Level“,
Volume I, 444 pages, Wiley Publishing House, London
Dologa, Mircea [2007-8]. “Integrated Pitchfork Analysis- Advanced Level“, Volume II,
300 pages, Pitchforktrader.com, Paris
Dologa, Mircea [2009]. “Integrated Pitchfork Analysis- Advanced Level“, Volume III,
480 pages, Pitchforktrader.com, Paris
EXCERPTS of the ABOVE 3 books - COPY & PASTE on the browser:

http://www.pitchforktrader.com/vol1_excerpts.pdf
On our MENTORING & SEMINARS:

Mentorship in Professional Trading - VIDEO
https://www.youtube.com/watch?v=6NE3JIk8mzE
Pitchfork Trader - VIDEO

https://www.youtube.com/watch?v=dpjyuw1Lylo&t=190s
Seminars
http://www.pitchforktrader.com/index.php/en/seminars
http://www.pitchforktrader.com/documents/Courses_Booklet.pdf
B. Trading Articles
Dologa, Mircea [2004-2017]. “World Charting Report- Indexes, Forex & Stocks”, Monthly
Periodical, Paris, France, http://www.pitchforktrader.com/reports.html
Dologa, Mircea [2017]. “The Nuts-and-Bolts of Practising Elliott Wave Trading-Part II:
Channelling with Trade Entry/Stops/Exits & Risk Management”, Jan/Feb,
Your Trading Edge, Sydney, Australia
Dologa, Mircea [2017]. “Elliott Wave Intra-Day Trading: A Combination of Elliott Waves,
Pitchforks, Gann & Jenkins Tools”, March/April, Your Trading Edge, Sydney, Australia
Dologa, Mircea [2017]. “Elliott Waves In Trading the Opening of Index Futures”,
May/June, Your Trading Edge, Sydney, Australia
Dologa, Mircea [2017]. “Trading Approach of the Enigmatic Elliott Wave [W1]”,
July/August, Your Trading Edge, Sydney, Australia
Dologa, Mircea [2017]. “Trading Approach of the Deepest Corrective Elliott Wave [W2]”,
September/October, Your Trading Edge, Sydney, Australia
Dologa, Mircea [2017]. “Trading Elliott Waves Using a Top-Down Approach”, Technical
Analysis of Stocks & Commodities, Volume 35:13 (36-42), Bonus Issue-February
Dologa, Mircea [2017]. “Elliott Waves – How High is High?” Technical Analysis of
Stocks & Commodities, To be published Oct-Nov
Dologa, Mircea [2016]. “The Nuts-and-Bolts of Practising Elliott Wave Trading- Part I:
Judicious & Mistaken Elliott Wave Labelling – Rules & Guides”, Nov/Dec, Your Trading
Edge, Sydney, Australia
Dologa, Mircea [2013]. “Missing Ling: between Time & Price”, Part I, Technical Analysis
of Stocks & Commodities, Volume-September.
Dologa, Mircea [2013]. “Missing Ling: between Time & Price”, Part II, Technical
Analysis of Stocks & Commodities, Volume-October
Dologa, Mircea [2013]. “Trading the German Dax - Part I“, July/August,
Dologa, Mircea [2013]. “Trading the German Dax - Part II“, September/October,
Dologa, Mircea [2012]. “Trading Elliott Waves with Regression Trend Channel & Count
Back Line”, February, Learning Section, www.esignal.com.
Dologa, Mircea [2012]. “An Elliott & Gann Efficient Time/Price Tool-Part I”, December,
Learning Section, www.esignal.com.
Dologa, Mircea [2012]. “An Elliott & Gann Efficient Time/Price Tool-Part II”, December,
Learning Section, www.esignal.com.
Dologa, Mircea [2011]. “The Art of Professional Trading during Tumultuous Times-
Part I ”, January, Learning Section, www.esignal.com.
Dologa, Mircea [2011]. “The Art of Professional Trading during Tumultuous Times-
Part II ”, February, Learning Section, www.esignal.com.
Dologa, Mircea [2011]. “The Baltic Index: An Ideal Tool for signalling the End of Crisis”,
March, Learning Section, www.esignal.com
Dologa, Mircea [2011]. “When and Where Time meets Price through Pitchfork Analysis”,
December, Learning Section, www.esignal.com
Dologa, Mircea [2011]. “Interview“, May/June, Your Trading Edge, Sydney, Australia
Dologa, Mircea [2010]. “New Aspects of Trading Based on Integrated Pitchfork Analysis”,
February, Learning Section, www.esignal.com
Dologa, Mircea [2009]. “Intraday Trading with Inter-Market Analysis”, November,
Learning Section, www.esignal.com
Dologa, Mircea [2009]. “Trading Lessons from Paris“, July/August, Your Trading
Dologa, Mircea [2009]. “Inter-Market Analysis Role in Intra-Day Trading“, Trader’s,
Germany
Dologa, Mircea [2009]. “Trade for a Living: Day-to-Day Business Operations“, Trader’s,
Germany
Dologa, Mircea [2009]. “Trading the Master Plan“, Trader’s, Germany
Dologa, Mircea [2009]. “Interview“, Trader’s, Germany
Dologa, Mircea [2009]. “After the Flood – Part I“, March/April, Your Trading Edge,
Sydney, Australia
Dologa, Mircea [2009]. “After the Flood – Part II“, July/Aug, Your Trading Edge,
Sydney, Australia
Dologa, Mircea [2009]. “Day-to-Day Business Operations when you Trade for a Living”,
April, Learning Section, www.esignal.com.
Dologa, Mircea [2009]. “Trading for a Living: Trending with Integrated Pitchfork
Analysis”, August, Learning Section, www.esignal.com
Dologa, Mircea [2008]. “Pre-Open Preparation for Dax Trading”, February,

Dologa, Mircea [2008]. “The Mechanism of News Release Trading”, August,
Dologa, Mircea [2007]. “Short-Term trading & Action-Reaction Lines“, April,
The Trader’s Journal, Hong Kong
Dologa, Mircea [2007]. “Trading the Dax Opening”, January, Technical Analyst, London
Dologa, Mircea [2007]. “Integrated Pitchfork Analysis Applied to FOREX: Foundations of
this New Profitable Trading Technique”, December 14, Learning Section,
www.esignal.com
Dologa, Mircea [2007]. “Integrated Pitchfork Analysis Applied to FOREX: Integration of
this Approach with other Modern Tools for Best Results with Optimal Confidence”,
December 21, Learning Section, www.esignal.com
Dologa, Mircea [2006]. “Pragmatic Aspects of Trading Rectangles”, May/June,
Technical Analyst, London
Dologa, Mircea [2006]. “Understanding the Dax Gaps”, October, Technical Analyst,
London
Dologa, Mircea [2006]. “Trading Rectangles – Tactics & Money Management”, Futures
Magazines, New York
Dologa, Mircea [2006]. “Integrated Pitchfork Analysis“, The Trader’s Journal,
Hong Kong
Dologa, Mircea [2006]. “Trading Rectangles – Tactics & Money Management”, Futures
Magazines, New York
Dologa, Mircea [2006]. “The Third Elliott Wave”, Technical Analysis of Stocks &
Commodities, Volume 24: May.
Dologa, Mircea [2006]. “Trading the Trend in Wave 3”, Technical Analysis of Stocks &
Commodities, Volume 24-June.
Dologa, Mircea [2006]. “Trading Wave 3”, Technical Analysis of Stocks &
Commodities, Volume 24: September
Dologa, Mircea [2006]. “Trading the Wave 3”, Technical Analysis of Stocks &
Commodities, Volume 24-September.
Dologa, Mircea [2006]. “Preparing for Intra-day Trading“, March/April, Your Trading
Dologa, Mircea [2006]. “Trading Life - The Quest for Best Tools“, May/June,
Dologa, Mircea [2006]. “Trading Life - The Quest for Best Tools“, May/June,
Dologa, Mircea [2005]. “Following the Median Line”, Futures Magazines, New York
II. Suggested Reading:

Balan, Robert [1989]. “Elliott Wave Principle applied to the Foreign Exchange Markets”,
BBS Financial Publications.
Beckman, Robert C. [1995]. “Elliott Wave Explained – A Real-World Guide to Predicting
& Profiting from Market Turns”, Probus Publishing
Bolton-Smith, Dawn [2006]. “Advanced Trading Course”, Sydney, Australia (ordered
only through the author).
Bright, Don [2002]. “The Professional Alternative” - 5 day NYSE Stocks Trading Course,
Las Vegas, USA.
Brown Constance [1999]. “Technical Analysis for the Trading Professional”, McGraw-
Hill.
Cardwell, Andrew E. Jr, [1999]. “Basic RSI Course” and “The RSI Edge”, (ordered only
through Cardwell Financial Group at trader011@msn.com)
Carter, John [2005]. “Mastering the Trade”, Mac Graw-Hill Education
Ceaux-Dutheil S. [2002]. “Bourse et Analyse Technique”, Economica.
Copsey Ian [1999]. “Integrated Technical Analysis”, John Wiley Inc.
Crane, John [2003]. “Advanced Swing Trading”, John Wiley Inc.
De Ducla, Olivier [2002]. “Elliott & Gann”, Economica.
Descartes, René [2015]. “Discourse on the Method”, Create Space Independent
Publishing Platform.
Elliott R. Nelson [1938]. “Nature’s Law: The secret of the Universe (Elliott Waves)”,
Snowballpublishing.com 2011 publication
E Signal Advanced GET Manual [2003]. “The Tools, the Power & the Knowledge”.
Fischer, Mark [2002]. “The Logical Trader”, John Wiley & Sons,
Frost, A.J. & Prechter, R. [2005]. “Elliott Wave Principle”, 10th Edition, New Classics
Library.
Gayer, Zoran [Unknown Date]. “Elliott Wave Presentation”, ATAA Meeting, Newcastle,
Australia
Gilmore, T. Bryce [2000]. ”Geometry of Markets”, Fourth Edition, Traders Press Inc.
Guppy, Daryl [2011]. “Guppy Trading: Essential Methods for Modern Trading”,
Wrightbooks.
Grant, Ray [2003]. “Futures Trading”, 3-day Trading Course, Orange County, CA, USA
Greenblatt Jeff [2007]. “Breakthrough Strategies for Predicting any Market”, Market
Place Books, Columbia, Maryland
Hill R. John, Pruitt George & Hill Lundy [2000]. “The Ultimate Trading Guide”,
J. Wiley Inc.
Jenkins, S. Michael [1992]. “The Geometry of Stock Market Profits“, Traders Pres Inc.
Jenkins, S. Michael [1996]. “Chart Reading for Professional Traders“, Traders Pres Inc.
Jenkins, S. Michael [1998]. “Complete Stock Market Trading and Forecasting Course»,
Traders Pres Inc.
Jenkins, S. Michael [2004]. “The Secret Science of the Stock Market “,
Stockcyclesforecast.com
Jenkins, S. Michael [2012]. “Square de Range Trading System“, Stockcyclesforecast.com
Kirkpatrick D. Charles II, DahlQuist R. Julie [2011]. “Technical Analysis: The Complete
Resource for Financial Market Technicians”, Second Edition, Pearson Education, Inc.
Leo Paul & Temple Peter [2003]. “The Ultimate Technical Trading Software”, J. Wiley
Mandelbrot, Benoit [2006], “The Misbehaviour of Markets: A Financial View of
Financial Turbulence”, Basic Books.
Mandelbrot, Benoit [1977], “Fractals: Form, Chance and Dimension”, W.H. Freemans.
Mandelbrot, Benoit [2006], “The (Mis) behaviour of markets”, Profile Books.
Mandelbrot, Benoit [2006], “The Fractal Geometry of Nature”, Basic Books.
Mikula, Patrick [2002]. ”The Best Trend Line Methods of Alan Andrews and Five New,
Trend line Techniques”, Austin Financial Group.
Miner, Robert C. [1989]. “Time, price and pattern”, Technical Analysis of Stocks &
Commodities, Volume 7: May
Miner, Robert C. [1991]. “Time as a trading tool”, Technical Analysis of Stocks &
Commodities, Volume 9: March
Miner, Robert C. [1991]. “Price as a trading tool”, Technical Analysis of Stocks &
Commodities, Volume 9: April
Miner, Robert C. [1991]. “Form and Pattern as a trading tool”, Technical Analysis of
Stock & Commodities, Volume 9: May
Miner, Robert C. [1999]. “Dynamic Trading”, Dynamic Traders Group.
Murphy, J. John [1999]. “Technical Analysis of the Financial Markets”, New York
Institute of Finance.
Murphy, J. John [2015]. “Trading with Inter-Market Analysis”, John Wiley Inc.
Neely, Glenn [1990]. “Mastering Elliott Wave”, Windsor Books & Elliott Wave Institute
Nison, Steve [2001]. « Japanese Candlestick Charting Techniques”, Second Edition,
Prentice Hall Press.
Perfetti, Patrick [1997]. “Analyses Techniques – Approche pragmatique”, Economica.
Person, John L. [2004]. “A Complete Guide to Technical Trading Tactics”, John Wiley
Pesavento Larry [2000]. “Opening Price Principle – Best Kept Secret on Wall Street”,
Wasendorf & Associates Inc.
Poser Steven W. [2003]. “Applying Elliott Wave Theory Profitably”, John Wiley Inc.
Prigonine, Ilya [1997], “The End of Certainty”, Free Press.
Prigonine, Ilya [1984], “Order Out of Chaos”, Bantam.
Schabacker, W. Richard [1931]. “Stock Market Theory and Practice”, B. C. Forbes
Publishing.
Schabacker, W. Richard [2005]. “Technical Analysis and Stock Market Profits”,
Harriman House.
Walker, Myles Wilson [2001]. “How to identify High-Profit Elliott Wave Trades in Real
Time”, Windsor Books.
About Dr Mircea Dologa’s works: ELLIOTT WAVE TRADING Manuals
Trader, Educator (including mentorship) & Market Researcher
Copyright 2017 by www.pitchforktrader.com ALL RIGHTS RESERVED

About us: Email: mircdologa@yahoo.com
Dr Mircea Dologa began his investment and trading career in 1987, in pharmaceutical and real estate
industries. Once he passed the Series 7 and Series 3 exams, he obtained the two indispensable trading
licences controlled by United States Government: the Registered Commodity Trading Adviser (CTA)
Licence and Registered General Securities Representative - Investment Adviser Licence. During the
training periods, he realized the scarcity in financial literature and trading seminars, of the true ‘know
how’ practical tools. After reading hundreds of books and attending numerous seminars, the same
question kept popping up: Where is the meat? Most of the time, besides the classics… it wasn’t there!
As a registered Commodity Trading Advisor (CTA) with National Futures Association of U.S.A., he
founded a new teaching concept, based on practical aspects of trading, for both newcomers and
experienced traders.
He published more than 100 articles and he is an international contributor to trading magazines in the
USA (‘Technical Analysis of Stocks & Commodities’, ‘Futures’ and ‘eSignal.com Education Section’);
the United Kingdom (‘The Technical Analyst’); Germany (‘Traders’ − English- and German-language
editions); Australia (‘Your Trading Edge’) and Asia (‘The Trader’s Journal’). He is also the founder and
the president of www.pitchforktrader.com – a specialized trading website.
Dr Mircea Dologa has written seven books, over 3 500 pages, 3300 charts and 150 Excel trading files, in
his quest to efficiently teach the trading art, from the beginner’s level to the highest nowadays
standards – the professional level. The author’s main thought during these seven years of planning,
conceiving and writing these trading books, was how to optimally reveal the practical aspects.
Dr Mircea Dologa attended New York University and Cooper Union School of Engineering and Science in
New York and graduated from the latter with a B.S. in Theoretical Physics. He obtained his Doctorate in
Medicine from the School of Medicine in Paris. He also took MBA courses in finance and business
management at the University of South Carolina in Columbia and at the French School of Business and
Finance (HEC Paris France). After holding the positions of Medical Director and later of General
Manager, in 1992 he decided to focus exclusively on his investments and since then he has devoted his
activity to financial markets. He lives with his wife and two daughters in Paris, France.
Copyright 2017 by www.pitchforktrader.com ALL RIGHTS RESERVED

A few illustrated moments of Dr Mircea Dologa’s everyday work: trader, teacher, mentor & author!
Dr Mircea Dologa, MD, CTA began his investment and trading career in pharmaceutical and real
estate industries, in 1987. As a Commodity Trading Advisor and Stock Investment Adviser, by the New
York Stock Exchange clients, he founded a new teaching concept, based mainly on the practical
aspects of profitable trading for the novice and also experienced traders at www.pitchforktrader.com.
Member of several technical analysis associations, he is a well-known contributor to international
professional publications in USA, England, Germany, Australia & South-East Asia - refer to
Bibliography. He studied and practiced for more than twenty years the art of trading and has written
three books about original concepts and published more than 50 articles.
Most of the experienced traders confess a substantial increase in trading profitability, if the
Elliott waves were used.
• The author writes from his experience and research for more than two decades. He provides in
this book, a thorough presentation and practice of Elliott waves. This technique has become a
head start in terms of professional trading. The writer’s original concepts are rooted from more
than 80 years of trading experience of our masters: Nelson R. Elliott, A.J. Frost, R. Prechter,
Glenn Neely and Zoran Gayer.
• The author’s experience in medical field taught and warned him, that there is no positive
outcome of any well accomplished tasks without the heavy load of case practice, once that the
knowledge and confidence are at “rendezvous”. Thus, a trading edge too efficient to be ignored
has been created!
As an entrepreneurial person that you probably are, otherwise you wouldn’t be reading this book
right now; you took up the decision to become a profitably consistent Elliott wave trader… Don’t
wait… This book is for you! Be warned… the road to conquer the Learning Curve is long and
thorny… you’ll certainly get there if you really want it, but you’ll have to fight teeth and nails!
E-Mail: mircdologa@yahoo.com
ISBN (13) 978-2-9562104-2-9 Website: www.pitchforktrader.com
EAN 9782956210429

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Excerpts, Contents & Prices

Elliott Wave Trading -

by Dr Mircea Dologa, MD, CTA

DISCOUNT Prices – refer to last page

Dr Mircea Dologa, MD, CTA, Paris

Date of Publishing – January 10th, 2018

ISBN (13) 978-2-9562104-2-9

Chapter 1 – The Nuts-and-Bolts of a Profitable Elliott Wave Trader ... 10

Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED -www.pitchforktrader.com

6. Applying the Top-Down Technical Analysis

Chapter 2 – Trading Wave W1 ... 101

Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

Chapter 4 – Trading Wave W3 ... 222

Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

3.3 Initial Stop-Loss

1. Description of Wave W(4)

Chapter 6 – Trading Wave W5 ... 381

Chapter 7 - Annexes: Excel Spreadsheets, Tables and Calculations ... 424

Plate no. 1 – Circles and Market Symmetry

Plate no. 3 – Daily ATR(14) used as a Tool on Operational Time Frame

Plate no. 4 – Drawing the 45° Degree Angle on Screen

Plate no. 5 – Candlestick Continuation Patterns

Plate no. 6 – Candlestick Neutral Patterns

Plate no. 7 – Candlestick Reversal Patterns

Plate no. 8 – Pullback and Correction Identification

Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

Plate no. 19 – Gann Box and Jenkins Circles

Plate no. 24 – Wave W(4) Trading – Calculation of a Single R/R Ratio

Plate no. 25 – Wave W(4) Trading – Calculation of Multiple R/R Ratios

Plate no. 27 – Wave W3 Terminal Level through Miner Calculations

Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

Plate no. 38 – Trader’s Journal – A Few Positive and Negative Attitudes

Plate no. 39 – Profit and Risk Optimization on Multiple Time Frames

Plate no. 40 – Profit and Risk Optimization on Multiple Time Frames

Plate no. 43 – HANS Indicator – An Inside Evaluation of Dax Market Fluctuation

Plate no. 44 – George SOROS Trade – September 16th, 1992

Plate no. 45 – Harmonic Moving Averages – 5-sma, 15-sma & 30-sma

Plate no. 46 – Tools Synopsis used in LONG / SHORT Dax 30 Trading

Plate no. 48 – Market Mapping – Quest for End-Run Phenomenon

Plate no. 49 – Three Pawn Technique – A Risk and Management Methodology

I. Bibliography of Dr Mircea Dologa ... 476

II. Bibliography – Other Suggested Reading ... 479

Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

Dr Mircea Dologa, MD,

Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

16.1 Revisiting George Soros’ Trade

Fig. 131: Mixing the two analyses makes a good outcome

16.1.1 Fundamental Analysis:

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Fig. 254-B - The

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Copyright 2018 by Dr. Mircea Dologa - ALL RIGHTS RESERVED - www.pitchforktrader.com

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Plate no. 1 – Circles and Market Symmetry

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Plate no. 4 – Drawing the 45° Degree Angle on Screen

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