• s.t.a.r. forex
  trading system home
• buy s.t.a.r.
• new keys
• contact / faq

S.T.A.R. - the Super Trades At Retrace FOREX Trading System

CAPTURE the Best Part of Super Trades

new keys for elliott waves

Where the Elliott Waves are the Key to Markets...

The Keys to the Elliott Waves are the Road to the Count.



There are New Keys and I've Found Them.

Learning to trade stocks eventually led to Elliott Wave technical analysis. I had read several books about trading. Nothing even came close to the fascination I felt at reading "Elliott Wave Principle - the Key to Market Behavior" by Frost and Prechter. I had never known about the Golden Mean, phi or Fibonacci numbers. The classic Elliott Wave drawn inside of a spiral, intersecting the spiral at every pivot and the number tables with the intertwining relationships blew me away. I had nothing short of a religious experience going through that book. My hat is off to Robert Prechter on a superbly produced trading classic.

Now Elliott had a lot of detractors in the trading world, which I didn't understand - at first. Since it was obvious that the patterns R.N. Elliott had discovered (not invented) in the 1930's were always there and could clearly be seen to follow his "rules and guidelines" how could anyone NOT want to make it part of their technical analysis.

I became good, possibly better than most, at counting the waves. And the better I got the more I came to understand why many thought it was interesting at best. Not that there weren't plenty of "Wavers" that also felt it had merit. In fact that is where some of the problems lay for the reputation of Elliott's "Theory". There seemed to be almost as many opinions about the count as there were counters. Reason being that even the experts have what are known as "alternate counts". I experienced the need myself to hedge my bet on many occasion. Fact is there are some patterns that are easier to count than others.

In 2000 I was trading stocks and was curious about the very regular occurrence of a pivot that repeated near, but not on, a commonly used moving average. I hunted it down til I found out what it was. I put it on all my charts and watched it play a part sometimes. It wasn't a Fibonacci number. But how it interacted with some of the fibbo numbers led to a discovery that even R.N. Elliott himself nor Mr. Prechter had known.

That discovery took place in late 2002 as the stock market was coming to the end of its bearish move off the 2000 highs. I found out then and have confirmed over and over on any timeframe and in any market that there is a KEY to each Elliott Wave. It is generated by the wave itself. Therefore it is always present, it is not form or curve-fitted. It very much aids the identification process of the wave as it further develops. Once you "Key up" a wave all your technical analysis viewpoints become standardized.

After it was proven over and over then I knew this was a feature of the waves. So around 2004 I contacted Elliott Wave International, the headquarters for the Wave Analysis of Robert Prechter. I told them there is a Key to each wave that comes from each wave. They were not very interested. I understand where they are coming from. They have a lucrative business built on this stuff and I'm sure they get contacted with lots of ideas. So it never saw the light of day but it saw as much research as one person could do.

As the use of the key benefitted wave counting it also benefitted the ability to discover new things - powerful new things. So where my interest had been sharing my 1 find with Elliott Wave International I have now come to see there is plenty here for a book. And that is what I plan to do.

Let me list the things that as of right now will be in that book:

1. The ignition key (This is a motive key).
2. The trunk key (This is a corrective key).
3. The King and Queen of trend.
4. The factor that will convert your Technical Analysis settings used for the stock market so that they work in the same way for leveraged instruments (forex, commodities, futures, etc.) and the factor to go from leveraged to non-leveraged like stocks.
5. THE NEW ELLIOTT WAVE RULE!!! Elliott did not know this one. But it IS a RULE. It is in EVERY wave and it affects the wave profoundly.
6. The guideline that is negated by the new rule.
7. Why the new rule does away with alternate counts.
8. Why the new rule does away with a whole series of difficult methods of counting performed by experts (which usually results in alternate or blown counts).
9. The number of minimum and maximum bars for a particular wave (the wave must be "keyed up" to know this).
10. My particular technical analysis setup.

As I said, In Trading, Time is Not your Friend

I do not have any idea when this book will be finished. All I have is raw research findings and facts. Book writing is not my forte but I will give it my all. What I am doing is watching to see that the S.T.A.R. Forex Trading System gets well known. While that is happening I will be working on putting everything together in an illustrative way. I am hoping that more things will be revealed along that road.

Update: I published the book,

The New Elliott Wave Rule - Achieve Definitive Wave Counts

by TS Hennessy in December 2009.

It is now available FREE.
Yes, it is free. I changed my mind and released just the
New Rule as a separate offering.
Click HERE to get your copy. (Will open in a new window).

My current offering *

For a Select Few...

For now I am offering the raw data to anyone that doesn't want to wait for the flesh to be put on the bone. Just knowing these facts will immediately place your analysis INTO the wave. That is what led to developing a technique that is so effective and accurate as the STAR system yet can be used by anyone even if they don't know the first thing about waves.

This is going to really benefit someone - I just know it. So I am going to release my pre-publication data. It will include all the items on the above list. It will be comprehensive enough to take full and immediate advantage of but it just won't be all polished up.

If you are interested in obtaining this


click here to purchase.

The price WAS USD $9,999
* This offer has been rescinded due to my new book.

Whoa! That's kind of steep! I just wanted the STAR Trading System.
Take me back to get that.

OK, CLICK HERE