By James L. Bickford
Discover a brand new method of examining fee Fluctuations within the foreign currencies Market
currency Wave idea presents spot forex speculators and commodity futures investors with an cutting edge new method of studying expense fluctuations within the international exchange.
Written via Jim Bickford, a profitable veteran on-line spot foreign money dealer, this specialist monetary software explains the 4 most important different types inside of technical analysis_pattern attractiveness, econometric types, crossover buying and selling structures, and wave theory_and comprises serious definitions of technical terms.
currency Wave conception examines intimately various size cycles of 2 via six waves, with particular emphasis on their predictive reliability. The e-book additionally converts uncooked safety facts (OHLC prices) to swing facts in the course of the software of a elegant minimal reversal algorithm.
Based on sturdy mathematical and statistical types, foreign money Wave concept is a hugely visible source that makes use of over two hundred photographs to explore:
- Currency Markets_ Spot Currencies; forex Futures
- Technical Analysis_ development popularity; Econometric types; Crossover buying and selling structures; Wave conception
- Reversal Charts_Point & determine Charts; Renko Charts; Swing Charts
- Brief historical past of Wave Theory_ foundation of Wave idea; Gann Angles; Kondratiev Wave; Elliott Wave thought; Gartley styles; Goodman Swing count number process
- Two-Wave Cycles_Two-Wave Cycle homes; improving the Forecast
- Three-Wave Cycles_Basic Three-Wave Cycle varieties; Forecasting the 3rd Wave
- Four-Wave Cycles_Multi-Wave Cycle Names; Four-Wave Cycle homes
- Five-Wave Cycles_Properties; Forecasting the 5th Wave
- Six-Wave Cycles_Properties; Forecasting the 6th Wave; Double-Wave Forecasting
- Advanced Topics_Data Operations; Swing Operations
This on-target reference additionally gains instructive case reviews of the author's specific technique, including quite a lot of very important supplemental details overlaying ISO foreign money pairs, trade charges, worldwide banking hours, easy three-wave cycles, and similar resources.
a necessary device for fulfillment within the foreign money industry, currency Wave concept provides investors a strong new technique for examining fluctuations within the foreign currency markets_and safely deciding upon industry waves.
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Additional info for Forex Wave Theory
This page intentionally left blank Chapter 2 Currency Futures FUTURES CONTRACTS A futures contract is an agreement between two parties: a short position, the party who agrees to deliver a commodity, and a long position, the party who agrees to receive a commodity. For example, a grain farmer would be the holder of the short position (agreeing to sell the grain), whereas the bakery would be the holder of the long position (agreeing to buy the grain). In every futures contract, everything is specified precisely: the quantity and quality of the underlying commodity, the specific price per unit, and the date and method of delivery.
2. Add the closing values for the down days, and divide this total by 9. 3. Divide the up-day average by the down-day average. Store this as the RS factor in the formula. 4. Add 1 to the RS factor. 5. Divide 100 by the number arrived at in step 4. 6. Subtract the number arrived at in step 5 from 100. Repeat steps 1 through 6 for day number 10. Drop day number 1 from the calculation. Wilder originally proposed a 14-day RSI and later a 9- and a 25day period. In modern times, this index can be optimized by a brute-force software program.
The stochastic oscillator compares where a security’s price closed relative to its price range over a given time period. The basic formula is as follows: %K = 100(C − L )/(H − L ) Figure 5-4 Stochastic Oscillators. Crossover Trading Systems 33 where C ϭ current close H ϭ highest high over given period of time L ϭ lowest low over same period of time The full stochastic oscillator has four variables: 1. %K periods. This is the number of time periods used in the stochastic calculation. 2. %K slowing periods.