Reading this book, with its thoroughly swing analysis of EUR/USD, gives you a clear statistical basis for the concepts presented by Elliott and others about swing count, retracements etc. etc.

A must to complete an Elliott study of the Forex market.

Useful the historical part about development of wave theory.

This is not a trading system, you won’t find a specific technique to make real trades, but with other material is useful to make analysis.
Rating: 4 / 5

Jim has provided a very solid introduction to a very complex topic – market (and FOREX) wave theory. A great book to get a firm foundation of what has gone on in Wave Theory – and to carry forward with ones own study and research.
Rating: 4 / 5

Bickford gives summaries of various wave theories that have been proposed and used over the years. Most prominent is perhaps the Elliott Wave. Then there are the so-called multi-wave cycles. Much of the discussion is qualitative, which is probably all that is necessary for readers who wish to try out the models.

The weakness is in its pronounced lack of scrutiny. Perhaps the book is meant to be preaching to the choir. Where a reader is a priori assumed to believe that some of this stuff actually works. A more sceptical reader should be cautious. Each model has some plausibility. But what were the results of actually applying it in the marketplace? So beware, before putting any of your money down on these models, or indeed on the book itself.
Rating: 2 / 5