Richard Swannell

COMPANY FOUNDER AND PRESIDENT

Richard Swannell


Richard Swannell single-handedly created the first software to ever fully computerize the Elliott Wave Principle.
 
Before pioneering this breakthrough in 1995, it was generally accepted that because of its subjectivity, the Elliott Wave Principle could never be fully computerized. Swannell forever changed this paradigm, paving the way for others to follow.
 
He then assembled an R&D team to create a unique form of artificial intelligence that could find Elliott Wave patterns within financial market data. The completed software needed more processing power than was locally available, so he enlisted the help of more than 3,000 of his client’s computers in 65 countries around the world, connected them in an internet network grid, and created what was effectively a supercomputer – a world-first for the financial industry.
 
It took this supercomputer a full three years to complete the analysis and create a database of Elliott Wave patterns - the largest and most comprehensive database of its type ever compiled.
 
With comprehensive statistical analysis, Swannell was finally able to answer the long lasting lament of Elliott technicians; Why does the Elliott Wave Principle make so much logical sense, but prove so unreliable in live markets?
 
In so doing, he refined the understanding of Elliott Wave – publishing his findings in 2004 - and then moved on to develop what is now referred to as the Refined Elliott Wave Principle. This breakthrough is the first major advancement in Elliott Wave Theory in its 70 year history.
 
Swannell founded Elliottician.com to spearhead his ongoing Elliott Wave Research and to create a track record for the Refined Elliott Wave Principle by regularly publishing financial market forecasts.
 
Acceptance of the new Refined Elliott Wave Principle by professional fund managers is rapidly gaining ground as Swannell’s software and technology is proving to be considerably more reliable than those only based on traditional Elliott Wave Theory.
 
Born and raised in Australia, Richard lives with his wife, Mandy, of 25 years and the younger of their four children in Switzerland, Australia and at times, in the USA.
 
Richard is a passionate photographer and often travels into India to work with the under privileged.
 
Note: Back in 2005, Richard finally negotiated a satisfactory resolution to a long-running and costly dispute with the US regulators. Because of a technicality of US law they considered him personally liable for an oversight by his Australian reseller, Roxburgh Securities - who, for a short period of time, mistakenly failed to correctly display a particular US disclaimer on their fully licensed and compliant Australian web site. Full details available on request.

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The Purpose of Elliottician is to continue refining the Elliott Wave Principle and to teach its successful application in forecasting the markets.

Risk Disclaimer: All trading involves risk. Leveraged trading has large potential rewards, but also large potential risk. Be aware and accept this risk before trading. Never trade with money you cannot afford to lose. All forecasting is based on statistics derived from past performance and past performance of any trading methodology is no guarantee of future results. No "safe" trading system has ever been devised and no one can guarantee profits or freedom from loss. No representation is being made that any account will achieve profits or losses similar to those discussed. There is no guarantee that, even with the best advice available, you will become a successful trader because not everyone has what it takes to be a successful trader. The trading strategies discussed may be unsuitable for you depending upon your specific investment objectives and financial position. You must make your own investment decisions in light of your own investment objectives, risk profile, and circumstances. Use independent advisors as you believe necessary. Therefore, the information provided herein is not intended to be specific advice as to whether you should engage in a particular trading strategy or buy, sell, or hold any financial product. Margin requirements, tax considerations, commissions, and other transaction costs may significantly affect the economic consequences of the trading strategies or transactions discussed and you should review such requirements with your own legal, tax and financial advisors. Before engaging in such trading activities, you should understand the nature and extent of your rights and obligations and be aware of the risks involved. All testimonials are unsolicited and are potentially non-representative of all clients. Your trading results may vary from those case studies detailed on the Elliottician website. Elliottician is not a broker or licensed investment advisor and therefore is not licensed to tailor general investment advice for individual traders. Your actions and the results of your actions in regard to anything you receive from Elliottician are entirely your own responsibility. Elliottician cannot and will not assume liability for any losses that may be incurred by the use of any information received from Elliottician. Any such liability is hereby expressly disclaimed.

Hypothetical Disclaimer: All results are considered to be Hypothetical unless otherwise specified: Hypothetical performance results have many inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Furthermore, only risk capital should be used for leveraged trading due to the high risk of loss involved. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses (and incur account drawdowns) or to adhere to a particular trading program in spite of trading loses are important issues which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, method or system, which cannot be completely taken into consideration with hypothetical performance results and will affect trading results and your P/L.