The Effective Filed Theory of Large Scale Structures provides a novel framework to analytically compute the clustering of the Large Scale Structures in the weakly non-linear regime in a consistent and reliable way. The theory that describes the long wavelength fluctuations is obtained after integrating out the short distance modes and adding suitable operators that allow to correctly reconstruct the effect of short distance fluctuations at long distances. A few observables have been computed so far, and the results are extremely promising. I will discuss the formalism and the main results so far.