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"title": "BUILDING WINNING ALGORITHMIC TRADING SYSTEMS", - "page": 3 + "title": "Day Trading & Swing Trading the Currency Market", + "page": 1 }, { - "level": 1, - "title": "CONTENTS", + "level": 2, + "title": "Contents", + "page": 7 + }, + { + "level": 2, + "title": "Preface", "page": 9 }, { - "level": 1, - "title": "ACKNOWLEDGMENTS", - "page": 11 + "level": 3, + "title": "FOREIGN EXCHANGE—THE FASTEST-GROWING MARKET OF OUR TIME", + "page": 10 }, { - "level": 1, - "title": "ABOUT THE AUTHOR", - "page": 13 + "level": 3, + "title": "HISTORICAL EVENTS IN THE FX MARKET", + "page": 10 }, { - "level": 1, - "title": "INTRODUCTION", - "page": 15 + "level": 3, + "title": "DIFFERENT WAYS TO TRADE THE FX MARKET", + "page": 10 }, { - "level": 2, - "title": "Who Can Benefit from This Book?", - "page": 17 + "level": 3, + "title": "WHAT MOVES THE CURRENCY MARKET?", + "page": 11 }, { - "level": 1, - "title": "PART I A Trader’s Journey", - "page": 21 + "level": 3, + "title": "WHAT ARE THE BEST TIMES TO TRADE FOR INDIVIDUAL CURRENCY PAIRS?", + "page": 11 }, { - "level": 2, - "title": "CHAPTER 1 The Birth of a Trader", - "page": 23 + "level": 3, + "title": "WHAT ARE THE MOST MARKET-MOVING ECONOMIC DATA?", + "page": 11 }, { "level": 3, - "title": "My Moving Average Debacle", - "page": 26 + "title": "WHAT ARE CURRENCY CORRELATIONS AND HOW DO TRADERS USE THEM?", + "page": 12 }, { - "level": 2, - "title": "CHAPTER 2 Enough Is Enough", - "page": 29 + "level": 3, + "title": "HOW TO TRADE LIKE A HEDGE FUND MANAGER", + "page": 12 }, { "level": 3, - "title": "Research", - "page": 29 + "title": "SEASONALITY IN THE CURRENCY MARKET", + "page": 12 }, { "level": 3, - "title": "You Can’t Lose—Or Can You?", - "page": 31 + "title": "TRADE PARAMETERS FOR DIFFERENT MARKET CONDITIONS", + "page": 13 }, { "level": 3, - "title": "Averaging Down—Adding to Losers", - "page": 32 + "title": "TECHNICAL TRADING STRATEGIES", + "page": 13 }, { "level": 3, - "title": "The Wild Man Emerges", - "page": 34 + "title": "FUNDAMENTAL TRADING STRATEGIES", + "page": 13 }, { "level": 3, - "title": "Time to Evaluate", - "page": 34 + "title": "PROFILES AND UNIQUE CHARACTERISTICS OF THE MAJOR CURRENCY PAIRS", + "page": 14 }, { "level": 2, - "title": "CHAPTER 3 World Cup Championship of Futures Trading® Triumph", - "page": 37 + "title": "Acknowledgments", + "page": 15 + }, + { + "level": 2, + "title": "Chapter 1: Foreign Exchange—The Fastest-Growing Market of Our Time", + "page": 17 }, { "level": 3, - "title": "2005", - "page": 39 + "title": "EFFECTS OF CURRENCIES ON STOCKS AND BONDS", + "page": 17 }, { "level": 3, - "title": "2006", - "page": 41 + "title": "COMPARING THE FX MARKET WITH FUTURES AND EQUITIES", + "page": 19 }, { "level": 3, - "title": "2007", - "page": 43 + "title": "DIFFERENT WAYS TO TRADE FX", + "page": 29 }, { "level": 3, - "title": "Reflections on the Contest", - "page": 44 + "title": "WHO ARE THE PLAYERS IN THE FX MARKET?", + "page": 32 }, { "level": 2, - "title": "CHAPTER 4 Making the Leap—Transitioning to Full Time", - "page": 47 + "title": "Chapter 2: Historical Events in the FX Market", + "page": 37 }, { "level": 3, - "title": "Confidence", - "page": 48 + "title": "BRETTON WOODS: ANOINTING THE DOLLAR AS THE WORLD CURRENCY (1944)", + "page": 37 }, { - "level": 4, - "title": "What I Did Right", - "page": 48 + "level": 3, + "title": "END OF BRETTON WOODS: FREE MARKET CAPITALISM IS BORN (1971)", + "page": 39 }, { - "level": 4, - "title": "What I Did Wrong", - "page": 48 + "level": 3, + "title": "PLAZA ACCORD—DEVALUATION OF U. S. DOLLAR (1985)", + "page": 40 }, { "level": 3, - "title": "Capital", - "page": 48 + "title": "GEORGE SOROS—THE MAN WHO BROKE THE BANK OF ENGLAND", + "page": 43 }, { - "level": 4, - "title": "What I Did Right", - "page": 49 + "level": 3, + "title": "ASIAN FINANCIAL CRISIS (1997– 1998)", + "page": 46 }, { - "level": 4, - "title": "What I Did Wrong", + "level": 3, + "title": "INTRODUCTION OF THE EURO (1999)", "page": 49 }, { - "level": 3, - "title": "Living Expenses", - "page": 50 + "level": 2, + "title": "Chapter 3: What Moves the Currency Market in the Long Term?", + "page": 53 }, { - "level": 4, - "title": "What I Did Right", - "page": 50 + "level": 3, + "title": "FUNDAMENTAL ANALYSIS", + "page": 54 }, { - "level": 4, - "title": "What I Did Wrong", - "page": 50 + "level": 3, + "title": "TECHNICAL ANALYSIS", + "page": 60 }, { "level": 3, - "title": "Family Support", - "page": 50 + "title": "CURRENCY FORECASTING—WHAT BOOKWORMS AND ECONOMISTS LOOK AT", + "page": 62 }, { - "level": 4, - "title": "What I Did Right", - "page": 50 + "level": 2, + "title": "Chapter 4: What Moves the Market in the Short Term?", + "page": 75 }, { - "level": 4, - "title": "What I Did Wrong", - "page": 51 + "level": 3, + "title": "NOT ALL ECONOMIC RELEASES ARE CREATED EQUAL", + "page": 75 }, { "level": 3, - "title": "Home Office Setup", - "page": 51 + "title": "RELATIVE IMPORTANCE OF ECONOMIC DATA CHANGES WITH TIME", + "page": 78 }, { - "level": 4, - "title": "What I Did Right", - "page": 51 + "level": 3, + "title": "GROSS DOMESTIC PRODUCT—NO LONGER A BIG DEAL", + "page": 79 }, { - "level": 4, - "title": "What I Did Wrong", - "page": 51 + "level": 3, + "title": "HOW CAN YOU USE THIS TO YOUR BENEFIT?", + "page": 79 }, { "level": 3, - "title": "Trading Strategies", - "page": 51 + "title": "RESOURCE", + "page": 81 }, { - "level": 4, - "title": "What I Did Right", - "page": 51 + "level": 2, + "title": "Chapter 5: What Are the Best Times to Trade for Individual Currency Pairs?", + "page": 83 }, { - "level": 4, - "title": "What I Did Wrong", - "page": 51 + "level": 3, + "title": "ASIAN SESSION (TOKYO): 7pm-4am est", + "page": 83 }, { "level": 3, - "title": "Brokers", - "page": 52 + "title": "U. S. SESSION (NEW YORK): 8am-5pm est", + "page": 86 }, { - "level": 4, - "title": "What I Did Right", - "page": 52 + "level": 3, + "title": "EUROPEAN SESSION (LONDON): 2am-12pm est", + "page": 87 }, { - "level": 4, - "title": "What I Did Wrong", - "page": 52 - }, + "level": 3, + "title": "U. S.– EUROPEAN OVERLAP: 8am-12pm est", + "page": 89 + }, { "level": 3, - "title": "Free Time", - "page": 52 + "title": "EUROPEAN– ASIAN OVERLAP: 2am-4am est", + "page": 89 }, { - "level": 4, - "title": "What I Did Right", - "page": 53 + "level": 2, + "title": "Chapter 6: What Are Currency Correlations and How Do Traders Use Them?", + "page": 91 }, { - "level": 4, - "title": "What I Did Wrong", - "page": 53 + "level": 3, + "title": "POSITIVE/NEGATIVE CORRELATIONS: WHAT THEY MEAN AND HOW TO USE THEM", + "page": 92 }, { "level": 3, - "title": "Taking the Plunge", - "page": 53 + "title": "IMPORTANT FACT ABOUT CORRELATIONS: THEY CHANGE", + "page": 93 }, { - "level": 1, - "title": "PART II Your Trading System", - "page": 55 + "level": 3, + "title": "CALCULATING CORRELATIONS YOURSELF", + "page": 93 + }, + { + "level": 3, + "title": "SAMPLE CORRELATIONS RESULTS", + "page": 94 }, { "level": 2, - "title": "CHAPTER 5 Testing and Evaluating a Trading System", - "page": 57 + "title": "Chapter 7: Seasonality—How It Applies to the FX Market", + "page": 97 }, { "level": 3, - "title": "Historical Back Testing", - "page": 62 + "title": "SEASONALITY IN JANUARY", + "page": 98 }, { "level": 3, - "title": "Out-of-Sample Testing", - "page": 63 + "title": "SUMMER SEASONALITY", + "page": 101 }, { "level": 3, - "title": "Walk-Forward Analysis", - "page": 64 + "title": "OTHER CASES OF SEASONALITY", + "page": 103 }, { "level": 3, - "title": "Real-Time Analysis", - "page": 65 + "title": "INCORPORATING SEASONALITY INTO YOUR TRADING", + "page": 105 }, { "level": 2, - "title": "CHAPTER 6 Preliminary Analysis", - "page": 67 + "title": "Chapter 8: Trade Parameters for Different Market Conditions", + "page": 107 }, { - "level": 2, - "title": "CHAPTER 7 Detailed Analysis", - "page": 75 + "level": 3, + "title": "KEEPING A TRADING JOURNAL", + "page": 107 }, { "level": 3, - "title": "What Is Monte Carlo Analysis?", - "page": 75 + "title": "HAVE A TOOLBOX—USE WHAT WORKS FOR THE CURRENT MARKET ENVIRONMENT", + "page": 114 }, { "level": 3, - "title": "Inputs to Monte Carlo Simulator", - "page": 77 + "title": "STEP ONE—PROFILE TRADING ENVIRONMENT", + "page": 115 }, { "level": 3, - "title": "Limitations of the Simulator", - "page": 78 + "title": "STEP TWO—DETERMINE TRADING TIME HORIZON", + "page": 118 }, { "level": 3, - "title": "Simulator Output", - "page": 78 + "title": "RISK MANAGEMENT", + "page": 120 }, { - "level": 4, - "title": "Starting Equity", - "page": 78 + "level": 3, + "title": "PSYCHOLOGICAL OUTLOOK", + "page": 123 }, { - "level": 4, - "title": "Risk of Ruin", - "page": 78 + "level": 2, + "title": "Chapter 9: Technical Trading Strategies", + "page": 125 }, { - "level": 4, - "title": "Median Drawdown", - "page": 80 + "level": 3, + "title": "MULTIPLE TIME FRAME ANALYSIS", + "page": 125 }, { - "level": 4, - "title": "Median $ Profit, Median Return", - "page": 82 + "level": 3, + "title": "FADING THE DOUBLE ZEROS", + "page": 131 }, { - "level": 4, - "title": "Return/Drawdown", - "page": 82 + "level": 3, + "title": "WAITING FOR THE REAL DEAL", + "page": 136 }, { - "level": 4, - "title": "Prob > 0", - "page": 83 + "level": 3, + "title": "INSIDE DAY BREAKOUT PLAY", + "page": 140 }, { "level": 3, - "title": "Summary", - "page": 83 + "title": "THE FADER", + "page": 145 }, { - "level": 2, - "title": "CHAPTER 8 Designing and Developing Systems", - "page": 85 + "level": 3, + "title": "FILTERING FALSE BREAKOUTS", + "page": 148 }, { "level": 3, - "title": "Isn’t It All Just Optimizing?", - "page": 89 + "title": "CHANNEL STRATEGY", + "page": 151 }, { - "level": 1, - "title": "PART III Developing a Strategy", - "page": 91 + "level": 3, + "title": "PERFECT ORDER", + "page": 154 }, { - "level": 2, - "title": "CHAPTER 9 Strategy Development–Goals and Objectives", - "page": 93 + "level": 3, + "title": "HOW TO TRADE NEWS RELEASES", + "page": 156 }, { - "level": 2, - "title": "CHAPTER 10 Trading Idea", - "page": 97 + "level": 3, + "title": "20–100 SHORT-TERM MOMENTUM STRATEGY", + "page": 166 }, { "level": 3, - "title": "How Will You Enter a Market?", - "page": 97 + "title": "HIGH-PROBABILITY TURN STRATEGY", + "page": 171 }, { - "level": 3, - "title": "How Will You Exit a Market?", - "page": 99 + "level": 2, + "title": "Chapter 10: Fundamental Trading Strategies", + "page": 181 }, { "level": 3, - "title": "What Markets Will You Trade?", - "page": 100 + "title": "PICKING THE STRONGEST PAIRING", + "page": 181 }, { "level": 3, - "title": "What Type of System Do You Want?", - "page": 101 + "title": "LEVERAGED CARRY TRADE", + "page": 184 }, { "level": 3, - "title": "What Time Frame/Bar Size Will You Trade?", - "page": 103 + "title": "FUNDAMENTAL TRADING STRATEGY: STAYING ON TOP OF MACROECONOMIC EVENTS", + "page": 192 }, { "level": 3, - "title": "How Will You Program the Strategy?", - "page": 105 + "title": "COMMODITY PRICES AS A LEADING INDICATOR", + "page": 196 }, { - "level": 2, - "title": "CHAPTER 11 Let’s Talk about Data", - "page": 107 + "level": 3, + "title": "USING BOND SPREADS AS A LEADING INDICATOR FOR FX", + "page": 201 }, { "level": 3, - "title": "How Much?", - "page": 107 + "title": "FUNDAMENTAL TRADING STRATEGY: RISK REVERSALS", + "page": 205 }, { "level": 3, - "title": "Pit or Electronic Data?", - "page": 108 + "title": "USING OPTION VOLATILITIES TO TIME MARKET MOVEMENTS", + "page": 207 }, { "level": 3, - "title": "Continuous Contracts", - "page": 110 + "title": "FUNDAMENTAL TRADING STRATEGY: INTERVENTION", + "page": 211 }, { "level": 3, - "title": "The Impact of Electronic Markets", - "page": 113 + "title": "USING EQUITIES TO TRADE FX", + "page": 216 }, { "level": 3, - "title": "Testing with Forex Data", - "page": 113 + "title": "TRADING THE CORRELATION WITH FUNDAMENTALS", + "page": 219 }, { "level": 3, - "title": "Summary", - "page": 115 + "title": "TRADING THE CORRELATION WITH TECHNICALS", + "page": 220 }, { "level": 2, - "title": "CHAPTER 12 Limited Testing", - "page": 117 + "title": "Chapter 11: How to Trade Like a Hedge Fund Manager", + "page": 223 }, { "level": 3, - "title": "Entry Testing", - "page": 118 - }, - { - "level": 4, - "title": "Fixed-Stop and Target Exit", - "page": 119 + "title": "PROPERLY DEFINING THE TRADING STRATEGY", + "page": 224 }, { - "level": 4, - "title": "Fixed-Bar Exit", - "page": 119 + "level": 3, + "title": "THE ART OF ENTERING AND EXITING", + "page": 226 }, { - "level": 4, - "title": "Random Exit", - "page": 119 + "level": 3, + "title": "TEST DRIVE", + "page": 227 }, { - "level": 4, - "title": "Entry Evaluation Criteria", - "page": 119 + "level": 3, + "title": "GETTING INTIMATE", + "page": 228 }, { "level": 3, - "title": "Exit Testing", - "page": 120 + "title": "SELF-REFLECTION", + "page": 229 }, { - "level": 4, - "title": "Similar-Approach Entry", - "page": 120 + "level": 2, + "title": "Chapter 12: Profiles and Unique Characteristics of Major Currency Pairs", + "page": 231 }, { - "level": 4, - "title": "Random Entry", - "page": 121 + "level": 3, + "title": "CURRENCY PROFILE: U.S. DOLLAR (USD)", + "page": 231 }, { "level": 3, - "title": "Exit Evaluation Criteria", - "page": 121 + "title": "CURRENCY PROFILE: EURO (EUR)", + "page": 240 }, { "level": 3, - "title": "Core System Testing", - "page": 121 + "title": "CURRENCY PROFILE: BRITISH POUND (GBP)", + "page": 249 }, { "level": 3, - "title": "Monkey See, Monkey Do", - "page": 123 + "title": "CURRENCY PROFILE: SWISS FRANC (CHF)", + "page": 257 }, { - "level": 4, - "title": "Test 1: “Monkey Entry”", - "page": 123 + "level": 3, + "title": "CURRENCY PROFILE: JAPANESE YEN (JPY)", + "page": 263 }, { - "level": 4, - "title": "Test 2: “Monkey Exit”", - "page": 124 + "level": 3, + "title": "CURRENCY PROFILE: AUSTRALIAN DOLLAR (AUD)", + "page": 270 }, { - "level": 4, - "title": "Test 3: “Monkey Entry, Monkey Exit”", - "page": 124 + "level": 3, + "title": "CURRENCY PROFILE: NEW ZEALAND DOLLAR (NZD)", + "page": 276 }, { - "level": 4, - "title": "Time Frames", - "page": 124 + "level": 3, + "title": "CURRENCY PROFILE: CANADIAN DOLLAR (CAD)", + "page": 283 }, { - "level": 4, - "title": "Monkey Testing—Example", - "page": 125 + "level": 2, + "title": "About the Author", + "page": 289 }, { "level": 2, - "title": "CHAPTER 13 In-Depth Testing/Walk-Forward Analysis", - "page": 129 + "title": "Index", + "page": 291 + } + ] + }, + { + "id": "quantitative_trading_ernest_p_chan_z_library_sk_1lib_sk_z_li", + "title": "Quantitative Trading", + "author": "Ernest P. Chan;", + "totalPages": 256, + "fileSize": 9499083, + "pdfUrl": "data/pdfs/quantitative_trading_ernest_p_chan_z_library_sk_1lib_sk_z_li.pdf", + "coverUrl": "data/covers/quantitative_trading_ernest_p_chan_z_library_sk_1lib_sk_z_li.jpg", + "layoutUrl": "data/layouts/quantitative_trading_ernest_p_chan_z_library_sk_1lib_sk_z_li.json", + "toc": [ + { + "level": 1, + "title": "Cover", + "page": 1 }, { - "level": 3, - "title": "No Parameters", - "page": 130 + "level": 1, + "title": "Title Page", + "page": 5 }, { - "level": 3, - "title": "A Walk-Forward Primer", - "page": 131 + "level": 1, + "title": "Copyright Page", + "page": 6 }, { - "level": 3, - "title": "Walk-Forward Inputs", - "page": 135 + "level": 1, + "title": "Contents", + "page": 9 }, { - "level": 4, - "title": "In Period", - "page": 136 + "level": 1, + "title": "Preface to the 2nd Edition", + "page": 13 }, { - "level": 4, - "title": "Out Period", - "page": 136 + "level": 1, + "title": "Preface", + "page": 17 }, { - "level": 3, - "title": "Fitness Function", - "page": 136 + "level": 1, + "title": "Acknowledgments", + "page": 23 }, { - "level": 4, - "title": "Net Profit", - "page": 137 + "level": 1, + "title": "Chapter 1 The Whats, Whos, and Whys of Quantitative Trading", + "page": 25 }, { - "level": 4, - "title": "Linearity of Equity Curve", - "page": 137 + "level": 2, + "title": "Who Can Become a Quantitative Trader?", + "page": 26 }, { - "level": 4, - "title": "Return on Account", - "page": 137 + "level": 2, + "title": "The Business Case for Quantitative Trading", + "page": 28 }, { "level": 3, - "title": "Anchored/Unanchored", - "page": 138 + "title": "Scalability", + "page": 29 }, { "level": 3, - "title": "Running the Analysis", - "page": 139 + "title": "Demand on Time", + "page": 29 }, { "level": 3, - "title": "Put the Walk-Forward Strategy Together", - "page": 141 + "title": "The Nonnecessity of Marketing", + "page": 31 }, { "level": 2, - "title": "CHAPTER 14 Monte Carlo Analysis and Incubation", - "page": 143 - }, - { - "level": 3, - "title": "Incubation", - "page": 144 + "title": "The Way Forward", + "page": 32 }, { - "level": 3, - "title": "Evaluating Incubation", - "page": 146 + "level": 1, + "title": "Chapter 2 Fishing for Ideas", + "page": 35 }, { "level": 2, - "title": "CHAPTER 15 Diversification", - "page": 147 + "title": "How to Identify a Strategy that Suits You", + "page": 38 }, { "level": 3, - "title": "Designing with Diversification in Mind", - "page": 148 + "title": "Your Working Hours", + "page": 38 }, { "level": 3, - "title": "Measuring Diversification", - "page": 149 - }, - { - "level": 4, - "title": "Daily Return Correlation", - "page": 149 - }, - { - "level": 4, - "title": "Linearity of Equity Curve", - "page": 150 + "title": "Your Programming Skills", + "page": 39 }, { - "level": 4, - "title": "Maximum Drawdown", - "page": 150 + "level": 3, + "title": "Your Trading Capital", + "page": 39 }, { - "level": 4, - "title": "Monte Carlo, Return/Drawdown", - "page": 150 + "level": 3, + "title": "Your Goal", + "page": 43 }, { "level": 2, - "title": "CHAPTER 16 Position Sizing and Money Management", - "page": 153 - }, - { - "level": 3, - "title": "No Optimum Position Sizing", - "page": 153 + "title": "A Taste for Plausible Strategies and Their Pitfalls", + "page": 44 }, { "level": 3, - "title": "Risk and Reward Are a Team", - "page": 154 + "title": "How Does It Compare with a Benchmark, and How Consistent Are Its Returns?", + "page": 44 }, { "level": 3, - "title": "Position Sizing Can Be Optimized", - "page": 154 + "title": "How Deep and Long Is the Drawdown?", + "page": 47 }, { "level": 3, - "title": "Losing Systems Cannot Become Winners", - "page": 154 + "title": "How Will Transaction Costs Affect the Strategy?", + "page": 48 }, { "level": 3, - "title": "Winning Systems Can Become Losers", - "page": 155 + "title": "Does the Data Suffer from Survivorship Bias?", + "page": 50 }, { "level": 3, - "title": "The Fantasy of Size", - "page": 155 + "title": "How Did the Performance of the Strategy Change over the Years?", + "page": 51 }, { "level": 3, - "title": "Short Term—Go for Broke", - "page": 156 + "title": "Does the Strategy Suffer from Data-Snooping Bias?", + "page": 52 }, { "level": 3, - "title": "No Position Sizing = No Good!", - "page": 156 + "title": "Does the Strategy “Fly under the Radar” of Institutional Money Managers?", + "page": 54 }, { - "level": 3, - "title": "Strategy, Then Position Size, or Strategy and Position Size Together?", - "page": 156 + "level": 2, + "title": "Summary", + "page": 54 }, { - "level": 3, - "title": "Positioning Size—Single System", - "page": 157 + "level": 2, + "title": "References", + "page": 55 }, { - "level": 3, - "title": "Positioning Size—Multiple Systems", - "page": 158 + "level": 1, + "title": "Chapter 3 Backtesting", + "page": 57 }, { "level": 2, - "title": "CHAPTER 17 Documenting the Process", - "page": 161 + "title": "Common Backtesting Platforms", + "page": 58 }, { "level": 3, - "title": "Trading Goals", - "page": 161 + "title": "Excel", + "page": 58 }, { "level": 3, - "title": "Trading Idea", - "page": 161 + "title": "MATLAB", + "page": 58 }, { "level": 3, - "title": "Limited Testing", - "page": 164 + "title": "Python", + "page": 60 }, { "level": 3, - "title": "Walk-Forward Testing", - "page": 165 + "title": "R", + "page": 62 }, { "level": 3, - "title": "Monte Carlo Testing", - "page": 165 + "title": "QuantConnect", + "page": 64 }, { "level": 3, - "title": "Incubation Testing", - "page": 165 - }, + "title": "Blueshift", + "page": 64 + }, { - "level": 3, - "title": "Diversification Check", - "page": 166 + "level": 2, + "title": "Finding and Using Historical Databases", + "page": 64 }, { "level": 3, - "title": "Position-Sizing Check", - "page": 166 + "title": "Are the Data Split and Dividend Adjusted?", + "page": 65 }, { "level": 3, - "title": "Final Notes", - "page": 166 + "title": "Are the Data Survivorship-Bias Free?", + "page": 68 }, { "level": 3, - "title": "One Final List", - "page": 166 + "title": "Does Your Strategy Use High and Low Data?", + "page": 70 }, { - "level": 1, - "title": "PART IV Creating a System", - "page": 167 + "level": 2, + "title": "Performance Measurement", + "page": 71 }, { "level": 2, - "title": "CHAPTER 18 Goals, Initial and Walk-Forward Testing", - "page": 169 + "title": "Common Backtesting Pitfalls to Avoid", + "page": 81 }, { "level": 3, - "title": "Developing a New Strategy", - "page": 169 + "title": "Look-Ahead Bias", + "page": 82 }, { "level": 3, - "title": "Limited Testing", - "page": 173 + "title": "Data-Snooping Bias", + "page": 83 }, { - "level": 3, - "title": "Walk-Forward Testing", - "page": 175 + "level": 2, + "title": "Transaction Costs", + "page": 96 }, { "level": 2, - "title": "CHAPTER 19 Monte Carlo Testing and Incubation", - "page": 177 + "title": "Strategy Refinement", + "page": 101 }, { - "level": 3, - "title": "Euro Day Strategy", - "page": 177 + "level": 2, + "title": "Summary", + "page": 102 }, { - "level": 3, - "title": "Euro Night Strategy", - "page": 178 + "level": 2, + "title": "References", + "page": 103 }, { - "level": 3, - "title": "Euro Day and Night Strategy", - "page": 181 + "level": 1, + "title": "Chapter 4 Setting Up Your Business", + "page": 105 }, { - "level": 3, - "title": "Incubation", - "page": 183 + "level": 2, + "title": "Business Structure: Retail or Proprietary?", + "page": 105 }, { - "level": 3, - "title": "Are Results Similar?", - "page": 184 + "level": 2, + "title": "Choosing a Brokerage or Proprietary Trading Firm", + "page": 109 }, { - "level": 3, - "title": "Final Information", - "page": 185 + "level": 2, + "title": "Physical Infrastructure", + "page": 111 }, { - "level": 3, - "title": "Position Sizing", - "page": 186 + "level": 2, + "title": "Summary", + "page": 113 }, { - "level": 3, - "title": "Correlation with Other Strategies", - "page": 186 + "level": 2, + "title": "References", + "page": 115 }, { - "level": 3, - "title": "Monte Carlo—Consistency", - "page": 186 + "level": 1, + "title": "Chapter 5 ExecutionSystems", + "page": 117 + }, + { + "level": 2, + "title": "What an Automated Trading System Can Do for You", + "page": 117 }, { "level": 3, - "title": "Eliminating Big Days", - "page": 188 + "title": "Building a Semiautomated Trading System", + "page": 119 }, { "level": 3, - "title": "Outlier Days", - "page": 188 + "title": "Building a Fully Automated Trading System", + "page": 122 }, { - "level": 1, - "title": "PART V Considerations before Going Live", - "page": 189 + "level": 2, + "title": "Minimizing Transaction Costs", + "page": 125 }, { "level": 2, - "title": "CHAPTER 20 Account and Position Sizing", - "page": 191 + "title": "Testing Your System by Paper Trading", + "page": 127 }, { - "level": 3, - "title": "When to Quit", - "page": 191 + "level": 2, + "title": "Why Does Actual Performance Diverge from Expectations?", + "page": 128 }, { - "level": 3, - "title": "Minimum Funding Size", - "page": 194 + "level": 2, + "title": "Summary", + "page": 131 }, { - "level": 3, - "title": "Position Sizing", - "page": 194 + "level": 1, + "title": "Chapter 6 Money and Risk Management", + "page": 133 }, { - "level": 3, - "title": "Unequal Position Sizing", - "page": 199 + "level": 2, + "title": "Optimal Capital Allocation and Leverage", + "page": 133 }, { "level": 2, - "title": "CHAPTER 21 Trading Psychology", - "page": 201 + "title": "Risk Management", + "page": 144 }, { "level": 3, - "title": "When to Begin Trading", - "page": 202 + "title": "Model Risk", + "page": 148 }, { "level": 3, - "title": "When to Quit", - "page": 204 + "title": "Software Risk", + "page": 149 + }, + { + "level": 3, + "title": "Natural Disaster Risk", + "page": 149 }, { "level": 2, - "title": "CHAPTER 22 Other Considerations before Going Live", - "page": 209 + "title": "Psychological Preparedness", + "page": 149 }, { - "level": 3, - "title": "Accounting, Trading Brokers", - "page": 209 + "level": 2, + "title": "Summary", + "page": 154 }, { - "level": 3, - "title": "Automation, Unattended, VPS, Where Are Orders Kept?", - "page": 210 + "level": 2, + "title": "Appendix: A Simple Derivation of the Kelly Formula when Return Distribution Is Gaussian", + "page": 155 }, { - "level": 4, - "title": "Backup Plans", - "page": 210 + "level": 2, + "title": "References", + "page": 156 }, { - "level": 4, - "title": "To Automate or Not to Automate?", - "page": 211 + "level": 1, + "title": "Chapter 7 Special Topics in Quantitative Trading", + "page": 157 }, { - "level": 4, - "title": "Attended, Unattended?", - "page": 211 + "level": 2, + "title": "Mean-Reverting versus Momentum Strategies", + "page": 158 }, { - "level": 4, - "title": "VPS", - "page": 211 + "level": 2, + "title": "Regime Change and Conditional Parameter Optimization", + "page": 161 }, { - "level": 4, - "title": "Where Orders Are Kept", - "page": 211 + "level": 2, + "title": "Stationarity and Cointegration", + "page": 171 }, { - "level": 3, - "title": "Rollover Considerations", - "page": 212 + "level": 2, + "title": "Factor Models", + "page": 184 }, { - "level": 4, - "title": "Real World—What Your Actual Trading Account Sees", - "page": 213 + "level": 2, + "title": "What Is Your Exit Strategy?", + "page": 193 }, { - "level": 4, - "title": "Strategy World—What Your Strategy, Acting on a Back-Adjusted Continuous Contract, Thinks Is Happening", - "page": 213 + "level": 2, + "title": "Seasonal Trading Strategies", + "page": 198 }, { - "level": 4, - "title": "Method 1: Quick Roll (Most Expensive Typically)", - "page": 213 + "level": 2, + "title": "High-Frequency Trading Strategies", + "page": 210 }, { - "level": 4, - "title": "Method 2: Leg in Roll (Cheapest Method Typically if Done Correctly)", - "page": 214 + "level": 2, + "title": "Is It Better to Have a High-Leverage versus a High-Beta Portfolio?", + "page": 212 }, { - "level": 4, - "title": "Method 3: Exchange Supported Spread Roll (Cost Usually between Methods 1 and 2)", + "level": 2, + "title": "Summary", "page": 214 }, + { + "level": 2, + "title": "References", + "page": 216 + }, { "level": 1, - "title": "PART VI Monitoring a Live Strategy", + "title": "Chapter 8 Conclusion: Can Independent Traders Succeed?", "page": 217 }, { "level": 2, - "title": "CHAPTER 23 The Ins and Outs of Monitoring a Live Strategy", - "page": 219 + "title": "Next Steps", + "page": 221 }, { - "level": 3, - "title": "How to Build an Equity Curve (and a Drawdown Curve, Too!)", - "page": 220 + "level": 2, + "title": "References", + "page": 222 }, { - "level": 4, - "title": "Equity Curve", - "page": 220 + "level": 1, + "title": "A Quick Surveyof MATLAB", + "page": 223 }, { - "level": 4, - "title": "Drawdown Curve", - "page": 221 + "level": 1, + "title": "Bibliography", + "page": 229 }, { - "level": 3, - "title": "Monthly Summary Chart", - "page": 221 + "level": 1, + "title": "About the Author", + "page": 233 }, { - "level": 3, - "title": "How to Use This Graph", - "page": 229 + "level": 1, + "title": "Index", + "page": 235 }, { - "level": 3, - "title": "Tracking Expected and Actual Performance", - "page": 230 + "level": 1, + "title": "EULA", + "page": 256 + } + ] + }, + { + "id": "study_guide_for_the_new_trading_for_a_living_alexander_elder", + "title": "The New Trading for a Living Study Guide", + "author": "Alexander Elder", + "totalPages": 162, + "fileSize": 3244460, + "pdfUrl": "data/pdfs/study_guide_for_the_new_trading_for_a_living_alexander_elder.pdf", + "coverUrl": "data/covers/study_guide_for_the_new_trading_for_a_living_alexander_elder.jpg", + "layoutUrl": "data/layouts/study_guide_for_the_new_trading_for_a_living_alexander_elder.json", + "toc": [ + { + "level": 1, + "title": "Study Guide for The New Trading for a Living", + "page": 3 + }, + { + "level": 1, + "title": "CONTENTS", + "page": 7 + }, + { + "level": 1, + "title": "ABOUT THIS STUDY GUIDE", + "page": 9 + }, + { + "level": 1, + "title": "PART 1 Questions and Rating Scales", + "page": 13 }, { "level": 2, - "title": "CHAPTER 24 Real Time", - "page": 233 + "title": "Introduction", + "page": 15 }, { - "level": 3, - "title": "Four-Week Review—September 13, 2013, End Date", - "page": 233 + "level": 2, + "title": "ONE Individual Psychology", + "page": 19 }, { - "level": 3, - "title": "Update after Week 7", - "page": 234 + "level": 2, + "title": "TWO Mass Psychology", + "page": 25 }, { - "level": 3, - "title": "Week 8 Review", - "page": 236 + "level": 2, + "title": "THREE Classical Chart Analysis", + "page": 31 }, { - "level": 3, - "title": "Week 9—Automated Trading Issues", - "page": 238 + "level": 2, + "title": "FOUR Computerized Technical Analysis", + "page": 39 }, { - "level": 3, - "title": "Week 9—Limit Order Fills (October 28, 2013)", - "page": 240 + "level": 2, + "title": "FIVE Volume and Time", + "page": 49 }, { - "level": 3, - "title": "Week 12 Review", - "page": 241 + "level": 2, + "title": "SIX General Market Indicators", + "page": 61 }, { - "level": 3, - "title": "Week 13—Time Limit Review", - "page": 243 + "level": 2, + "title": "SEVEN Trading Systems", + "page": 69 }, { - "level": 3, - "title": "Week 15 Review", - "page": 243 + "level": 2, + "title": "EIGHT Trading Vehicles", + "page": 77 }, { - "level": 3, - "title": "Future Reviews", - "page": 245 + "level": 2, + "title": "NINE Risk Management", + "page": 83 + }, + { + "level": 2, + "title": "TEN Practical Details", + "page": 91 + }, + { + "level": 2, + "title": "ELEVEN Good Record-Keeping", + "page": 97 }, { "level": 1, - "title": "PART VII Cautionary Tales", - "page": 247 + "title": "PART TWO Answers and Comments", + "page": 101 }, { "level": 2, - "title": "CHAPTER 25 Delusions of Grandeur", - "page": 249 + "title": "Introduction", + "page": 103 }, { "level": 3, - "title": "Don Demo", - "page": 250 + "title": "Rating Yourself", + "page": 105 }, { - "level": 3, - "title": "Gus the Guru", - "page": 250 + "level": 2, + "title": "ONE Individual Psychology", + "page": 107 }, { "level": 3, - "title": "Paul the Predictor", - "page": 250 + "title": "Rating Yourself", + "page": 110 }, { "level": 3, - "title": "Cal the Complication King", - "page": 251 + "title": "Recommended Reading", + "page": 110 }, { - "level": 3, - "title": "Pay Me Peter", - "page": 251 + "level": 2, + "title": "TWO Mass Psychology", + "page": 111 }, { "level": 3, - "title": "Frank Five Hundred", - "page": 252 + "title": "Rating Yourself", + "page": 114 }, { "level": 3, - "title": "Billy the Boaster", - "page": 252 + "title": "Recommended Reading", + "page": 114 }, { - "level": 3, - "title": "Connie the Compounder", - "page": 253 + "level": 2, + "title": "THREE Classical Chart Analysis", + "page": 115 }, { "level": 3, - "title": "Ian versus the Illuminati", - "page": 253 + "title": "Rating Yourself", + "page": 118 }, { "level": 3, - "title": "Suki the Spinner", - "page": 253 + "title": "Recommended Reading", + "page": 118 }, { - "level": 3, - "title": "Paolo the Plagiarizer", - "page": 254 + "level": 2, + "title": "FOUR Computerized Technical Analysis", + "page": 119 }, { "level": 3, - "title": "Slick Sam", - "page": 254 + "title": "Rating Yourself", + "page": 124 }, { "level": 3, - "title": "The Delusion Conclusion", - "page": 255 + "title": "Recommended Reading", + "page": 124 }, { - "level": 1, - "title": "CONCLUSION", - "page": 257 + "level": 2, + "title": "FIVE Volume and Time", + "page": 125 }, { - "level": 1, - "title": "APPENDIX A Monkey Trading Example, TradeStation Easy Language Code", - "page": 261 + "level": 3, + "title": "Rating Yourself", + "page": 129 }, { - "level": 2, - "title": "Strategy 1: Baseline Strategy (No Randomness)", - "page": 261 + "level": 3, + "title": "Recommended Reading", + "page": 129 }, { "level": 2, - "title": "Strategy 2: Random Entry, Baseline Exit Strategy", - "page": 263 + "title": "SIX General Market Indicators", + "page": 131 }, { - "level": 2, - "title": "Strategy 3: Baseline Entry, Random Exit Strategy", - "page": 265 + "level": 3, + "title": "Rating Yourself", + "page": 134 + }, + { + "level": 3, + "title": "Recommended Reading", + "page": 134 }, { "level": 2, - "title": "Strategy 4: Random Entry, Random Exit Strategy", - "page": 266 + "title": "SEVEN Trading Systems", + "page": 135 }, { - "level": 1, - "title": "APPENDIX B Euro Night Strategy, TradeStation Easy Language Format", - "page": 269 + "level": 3, + "title": "Rating Yourself", + "page": 139 }, { - "level": 1, - "title": "APPENDIX C Euro Day Strategy, TradeStation Easy Language Format", - "page": 273 - }, - { - "level": 1, - "title": "ABOUT THE COMPANION WEBSITE", - "page": 277 - }, - { - "level": 1, - "title": "INDEX", - "page": 279 - }, - { - "level": 1, - "title": "EULA", - "page": 284 - } - ] - }, - { - "id": "definitive_guide_to_position_sizing_van_k_tharp", - "title": "Definitive Guide To Position Sizing Van K Tharp", - "author": "K Tharp", - "totalPages": 399, - "fileSize": 28576510, - "pdfUrl": "data/pdfs/definitive_guide_to_position_sizing_van_k_tharp.pdf", - "coverUrl": "data/covers/definitive_guide_to_position_sizing_van_k_tharp.jpg", - "layoutUrl": "data/layouts/definitive_guide_to_position_sizing_van_k_tharp.json", - 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"page": 7 - }, - { - "level": 2, - "title": "Preface", - "page": 9 - }, - { - "level": 3, - "title": "FOREIGN EXCHANGE—THE FASTEST-GROWING MARKET OF OUR TIME", - "page": 10 - }, - { - "level": 3, - "title": "HISTORICAL EVENTS IN THE FX MARKET", - "page": 10 - }, - { - "level": 3, - "title": "DIFFERENT WAYS TO TRADE THE FX MARKET", - "page": 10 - }, - { - "level": 3, - "title": "WHAT MOVES THE CURRENCY MARKET?", - "page": 11 - }, - { - "level": 3, - "title": "WHAT ARE THE BEST TIMES TO TRADE FOR INDIVIDUAL CURRENCY PAIRS?", - "page": 11 - }, - { - "level": 3, - "title": "WHAT ARE THE MOST MARKET-MOVING ECONOMIC DATA?", - "page": 11 - }, - { - "level": 3, - "title": "WHAT ARE CURRENCY CORRELATIONS AND HOW DO TRADERS USE THEM?", - "page": 12 - }, - { - "level": 3, - "title": "HOW TO TRADE LIKE A HEDGE FUND MANAGER", - "page": 12 - }, - { - "level": 3, - "title": "SEASONALITY IN THE CURRENCY MARKET", - "page": 12 - }, - { - "level": 3, - "title": "TRADE PARAMETERS FOR DIFFERENT MARKET CONDITIONS", - "page": 13 - }, - { - "level": 3, - "title": "TECHNICAL TRADING STRATEGIES", - "page": 13 - }, - { - "level": 3, - "title": "FUNDAMENTAL TRADING STRATEGIES", - "page": 13 - }, - { - "level": 3, - "title": "PROFILES AND UNIQUE CHARACTERISTICS OF THE MAJOR CURRENCY PAIRS", - "page": 14 - }, - { - "level": 2, - "title": "Acknowledgments", - "page": 15 - }, - { - "level": 2, - "title": "Chapter 1: Foreign Exchange—The Fastest-Growing Market of Our Time", - "page": 17 - }, - { - "level": 3, - "title": "EFFECTS OF CURRENCIES ON STOCKS AND BONDS", - "page": 17 - }, - { - "level": 3, - "title": "COMPARING THE FX MARKET WITH FUTURES AND EQUITIES", - "page": 19 - }, - { - "level": 3, - "title": "DIFFERENT WAYS TO TRADE FX", - "page": 29 - }, - { - "level": 3, - "title": "WHO ARE THE PLAYERS IN THE FX MARKET?", - "page": 32 - }, - { - "level": 2, - "title": "Chapter 2: Historical Events in the FX Market", - "page": 37 - }, - { - "level": 3, - "title": "BRETTON WOODS: ANOINTING THE DOLLAR AS THE WORLD CURRENCY (1944)", - "page": 37 - }, - { - "level": 3, - "title": "END OF BRETTON WOODS: FREE MARKET CAPITALISM IS BORN (1971)", - "page": 39 - }, - { - "level": 3, - "title": "PLAZA ACCORD—DEVALUATION OF U. S. DOLLAR (1985)", - "page": 40 - }, - { - "level": 3, - "title": "GEORGE SOROS—THE MAN WHO BROKE THE BANK OF ENGLAND", - "page": 43 - }, - { - "level": 3, - "title": "ASIAN FINANCIAL CRISIS (1997– 1998)", - "page": 46 - }, - { - "level": 3, - "title": "INTRODUCTION OF THE EURO (1999)", - "page": 49 - }, - { - "level": 2, - "title": "Chapter 3: What Moves the Currency Market in the Long Term?", - "page": 53 - }, - { - "level": 3, - "title": "FUNDAMENTAL ANALYSIS", - "page": 54 - }, - { - "level": 3, - "title": "TECHNICAL ANALYSIS", - "page": 60 - }, - { - "level": 3, - "title": "CURRENCY FORECASTING—WHAT BOOKWORMS AND ECONOMISTS LOOK AT", - "page": 62 - }, - { - "level": 2, - "title": "Chapter 4: What Moves the Market in the Short Term?", - "page": 75 - }, - { - "level": 3, - "title": "NOT ALL ECONOMIC RELEASES ARE CREATED EQUAL", - "page": 75 - }, - { - "level": 3, - "title": "RELATIVE IMPORTANCE OF ECONOMIC DATA CHANGES WITH TIME", - "page": 78 - }, - { - "level": 3, - "title": "GROSS DOMESTIC PRODUCT—NO LONGER A BIG DEAL", - "page": 79 - }, - { - "level": 3, - "title": "HOW CAN YOU USE THIS TO YOUR BENEFIT?", - "page": 79 - }, - { - "level": 3, - "title": "RESOURCE", - "page": 81 - }, - { - "level": 2, - "title": "Chapter 5: What Are the Best Times to Trade for Individual Currency Pairs?", - "page": 83 - }, - { - "level": 3, - "title": "ASIAN SESSION (TOKYO): 7pm-4am est", - "page": 83 - }, - { - "level": 3, - "title": "U. S. SESSION (NEW YORK): 8am-5pm est", - "page": 86 - }, - { - "level": 3, - "title": "EUROPEAN SESSION (LONDON): 2am-12pm est", - "page": 87 - }, - { - "level": 3, - "title": "U. S.– EUROPEAN OVERLAP: 8am-12pm est", - "page": 89 - }, - { - "level": 3, - "title": "EUROPEAN– ASIAN OVERLAP: 2am-4am est", - "page": 89 - }, - { - "level": 2, - "title": "Chapter 6: What Are Currency Correlations and How Do Traders Use Them?", - "page": 91 - }, - { - "level": 3, - "title": "POSITIVE/NEGATIVE CORRELATIONS: WHAT THEY MEAN AND HOW TO USE THEM", - "page": 92 - }, - { - "level": 3, - "title": "IMPORTANT FACT ABOUT CORRELATIONS: THEY CHANGE", - "page": 93 - }, - { - "level": 3, - "title": "CALCULATING CORRELATIONS YOURSELF", - "page": 93 - }, - { - "level": 3, - "title": "SAMPLE CORRELATIONS RESULTS", - "page": 94 - }, - { - "level": 2, - "title": "Chapter 7: Seasonality—How It Applies to the FX Market", - "page": 97 - }, - { - "level": 3, - "title": "SEASONALITY IN JANUARY", - "page": 98 - }, - { - "level": 3, - "title": "SUMMER SEASONALITY", - "page": 101 - }, - { - "level": 3, - "title": "OTHER CASES OF SEASONALITY", - "page": 103 - }, - { - "level": 3, - "title": "INCORPORATING SEASONALITY INTO YOUR TRADING", - "page": 105 - }, - { - "level": 2, - "title": "Chapter 8: Trade Parameters for Different Market Conditions", - "page": 107 - }, - { - "level": 3, - "title": "KEEPING A TRADING JOURNAL", - "page": 107 - }, - { - "level": 3, - "title": "HAVE A TOOLBOX—USE WHAT WORKS FOR THE CURRENT MARKET ENVIRONMENT", - "page": 114 - }, - { - "level": 3, - "title": "STEP ONE—PROFILE TRADING ENVIRONMENT", - "page": 115 - }, - { - "level": 3, - "title": "STEP TWO—DETERMINE TRADING TIME HORIZON", - "page": 118 - }, - { - "level": 3, - "title": "RISK MANAGEMENT", - "page": 120 - }, - { - "level": 3, - "title": "PSYCHOLOGICAL OUTLOOK", - "page": 123 - }, - { - "level": 2, - "title": "Chapter 9: Technical Trading Strategies", - "page": 125 - }, - { - "level": 3, - "title": "MULTIPLE TIME FRAME ANALYSIS", - "page": 125 - }, - { - "level": 3, - "title": "FADING THE DOUBLE ZEROS", - "page": 131 - }, - { - "level": 3, - "title": "WAITING FOR THE REAL DEAL", - "page": 136 - }, - { - "level": 3, - "title": "INSIDE DAY BREAKOUT PLAY", - "page": 140 - }, - { - "level": 3, - "title": "THE FADER", - "page": 145 - }, - { - "level": 3, - "title": "FILTERING FALSE BREAKOUTS", - "page": 148 - }, - { - "level": 3, - "title": "CHANNEL STRATEGY", - "page": 151 - }, - { - "level": 3, - "title": "PERFECT ORDER", - "page": 154 - }, - { - "level": 3, - "title": "HOW TO TRADE NEWS RELEASES", - "page": 156 - }, - { - "level": 3, - "title": "20–100 SHORT-TERM MOMENTUM STRATEGY", - "page": 166 - }, - { - "level": 3, - "title": "HIGH-PROBABILITY TURN STRATEGY", - "page": 171 - }, - { - "level": 2, - "title": "Chapter 10: Fundamental Trading Strategies", - "page": 181 - }, - { - "level": 3, - "title": "PICKING THE STRONGEST PAIRING", - "page": 181 - }, - { - "level": 3, - "title": "LEVERAGED CARRY TRADE", - "page": 184 - }, - { - "level": 3, - "title": "FUNDAMENTAL TRADING STRATEGY: STAYING ON TOP OF MACROECONOMIC EVENTS", - "page": 192 - }, - { - "level": 3, - "title": "COMMODITY PRICES AS A LEADING INDICATOR", - "page": 196 - }, - { - "level": 3, - "title": "USING BOND SPREADS AS A LEADING INDICATOR FOR FX", - "page": 201 - }, - { - "level": 3, - "title": "FUNDAMENTAL TRADING STRATEGY: RISK REVERSALS", - "page": 205 - }, - { - "level": 3, - "title": "USING OPTION VOLATILITIES TO TIME MARKET MOVEMENTS", - "page": 207 - }, - { - "level": 3, - "title": "FUNDAMENTAL TRADING STRATEGY: INTERVENTION", - "page": 211 - }, - { - "level": 3, - "title": "USING EQUITIES TO TRADE FX", - "page": 216 - }, - { - "level": 3, - "title": "TRADING THE CORRELATION WITH FUNDAMENTALS", - "page": 219 - }, - { - "level": 3, - "title": "TRADING THE CORRELATION WITH TECHNICALS", - "page": 220 - }, - { - "level": 2, - "title": "Chapter 11: How to Trade Like a Hedge Fund Manager", - "page": 223 - }, - { - "level": 3, - "title": "PROPERLY DEFINING THE TRADING STRATEGY", - "page": 224 - }, - { - "level": 3, - "title": "THE ART OF ENTERING AND EXITING", - "page": 226 - }, - { - "level": 3, - "title": "TEST DRIVE", - "page": 227 - }, - { - "level": 3, - "title": "GETTING INTIMATE", - "page": 228 - }, - { - "level": 3, - "title": "SELF-REFLECTION", - "page": 229 - }, - { - "level": 2, - "title": "Chapter 12: Profiles and Unique Characteristics of Major Currency Pairs", - "page": 231 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: U.S. DOLLAR (USD)", - "page": 231 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: EURO (EUR)", - "page": 240 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: BRITISH POUND (GBP)", - "page": 249 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: SWISS FRANC (CHF)", - "page": 257 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: JAPANESE YEN (JPY)", - "page": 263 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: AUSTRALIAN DOLLAR (AUD)", - "page": 270 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: NEW ZEALAND DOLLAR (NZD)", - "page": 276 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: CANADIAN DOLLAR (CAD)", - "page": 283 - }, - { - "level": 2, - "title": "About the Author", - "page": 289 - }, - { - "level": 2, - "title": "Index", - "page": 291 - } - ] - }, - { - "id": "fa_kathylein_day_trading_and_swing_trading_the_currency_mark", - "title": "FA Kathylein Day Trading And Swing Trading The Currency Market", - "author": "Trading & Financial Author", - "totalPages": 307, - "fileSize": 5984848, - "pdfUrl": "data/pdfs/fa_kathylein_day_trading_and_swing_trading_the_currency_mark.pdf", - "coverUrl": "data/covers/fa_kathylein_day_trading_and_swing_trading_the_currency_mark.jpg", - "layoutUrl": "data/layouts/fa_kathylein_day_trading_and_swing_trading_the_currency_mark.json", - "toc": [ - { - "level": 1, - "title": "Day Trading & Swing Trading the Currency Market", - "page": 1 - }, - { - "level": 2, - "title": "Contents", - "page": 7 - }, - { - "level": 2, - "title": "Preface", - "page": 9 - }, - { - "level": 3, - "title": "FOREIGN EXCHANGE—THE FASTEST-GROWING MARKET OF OUR TIME", - "page": 10 - }, - { - "level": 3, - "title": "HISTORICAL EVENTS IN THE FX MARKET", - "page": 10 - }, - { - "level": 3, - "title": "DIFFERENT WAYS TO TRADE THE FX MARKET", - "page": 10 - }, - { - "level": 3, - "title": "WHAT MOVES THE CURRENCY MARKET?", - "page": 11 - }, - { - "level": 3, - "title": "WHAT ARE THE BEST TIMES TO TRADE FOR INDIVIDUAL CURRENCY PAIRS?", - "page": 11 - }, - { - "level": 3, - "title": "WHAT ARE THE MOST MARKET-MOVING ECONOMIC DATA?", - "page": 11 - }, - { - "level": 3, - "title": "WHAT ARE CURRENCY CORRELATIONS AND HOW DO TRADERS USE THEM?", - "page": 12 - }, - { - "level": 3, - "title": "HOW TO TRADE LIKE A HEDGE FUND MANAGER", - "page": 12 - }, - { - "level": 3, - "title": "SEASONALITY IN THE CURRENCY MARKET", - "page": 12 - }, - { - "level": 3, - "title": "TRADE PARAMETERS FOR DIFFERENT MARKET CONDITIONS", - "page": 13 - }, - { - "level": 3, - "title": "TECHNICAL TRADING STRATEGIES", - "page": 13 - }, - { - "level": 3, - "title": "FUNDAMENTAL TRADING STRATEGIES", - "page": 13 - }, - { - "level": 3, - "title": "PROFILES AND UNIQUE CHARACTERISTICS OF THE MAJOR CURRENCY PAIRS", - "page": 14 - }, - { - "level": 2, - "title": "Acknowledgments", - "page": 15 - }, - { - "level": 2, - "title": "Chapter 1: Foreign Exchange—The Fastest-Growing Market of Our Time", - "page": 17 - }, - { - "level": 3, - "title": "EFFECTS OF CURRENCIES ON STOCKS AND BONDS", - "page": 17 - }, - { - "level": 3, - "title": "COMPARING THE FX MARKET WITH FUTURES AND EQUITIES", - "page": 19 - }, - { - "level": 3, - "title": "DIFFERENT WAYS TO TRADE FX", - "page": 29 - }, - { - "level": 3, - "title": "WHO ARE THE PLAYERS IN THE FX MARKET?", - "page": 32 - }, - { - "level": 2, - "title": "Chapter 2: Historical Events in the FX Market", - "page": 37 - }, - { - "level": 3, - "title": "BRETTON WOODS: ANOINTING THE DOLLAR AS THE WORLD CURRENCY (1944)", - "page": 37 - }, - { - "level": 3, - "title": "END OF BRETTON WOODS: FREE MARKET CAPITALISM IS BORN (1971)", - "page": 39 - }, - { - "level": 3, - "title": "PLAZA ACCORD—DEVALUATION OF U. S. DOLLAR (1985)", - "page": 40 - }, - { - "level": 3, - "title": "GEORGE SOROS—THE MAN WHO BROKE THE BANK OF ENGLAND", - "page": 43 - }, - { - "level": 3, - "title": "ASIAN FINANCIAL CRISIS (1997– 1998)", - "page": 46 - }, - { - "level": 3, - "title": "INTRODUCTION OF THE EURO (1999)", - "page": 49 - }, - { - "level": 2, - "title": "Chapter 3: What Moves the Currency Market in the Long Term?", - "page": 53 - }, - { - "level": 3, - "title": "FUNDAMENTAL ANALYSIS", - "page": 54 - }, - { - "level": 3, - "title": "TECHNICAL ANALYSIS", - "page": 60 - }, - { - "level": 3, - "title": "CURRENCY FORECASTING—WHAT BOOKWORMS AND ECONOMISTS LOOK AT", - "page": 62 - }, - { - "level": 2, - "title": "Chapter 4: What Moves the Market in the Short Term?", - "page": 75 - }, - { - "level": 3, - "title": "NOT ALL ECONOMIC RELEASES ARE CREATED EQUAL", - "page": 75 - }, - { - "level": 3, - "title": "RELATIVE IMPORTANCE OF ECONOMIC DATA CHANGES WITH TIME", - "page": 78 - }, - { - "level": 3, - "title": "GROSS DOMESTIC PRODUCT—NO LONGER A BIG DEAL", - "page": 79 - }, - { - "level": 3, - "title": "HOW CAN YOU USE THIS TO YOUR BENEFIT?", - "page": 79 - }, - { - "level": 3, - "title": "RESOURCE", - "page": 81 - }, - { - "level": 2, - "title": "Chapter 5: What Are the Best Times to Trade for Individual Currency Pairs?", - "page": 83 - }, - { - "level": 3, - "title": "ASIAN SESSION (TOKYO): 7pm-4am est", - "page": 83 - }, - { - "level": 3, - "title": "U. S. SESSION (NEW YORK): 8am-5pm est", - "page": 86 - }, - { - "level": 3, - "title": "EUROPEAN SESSION (LONDON): 2am-12pm est", - "page": 87 - }, - { - "level": 3, - "title": "U. S.– EUROPEAN OVERLAP: 8am-12pm est", - "page": 89 - }, - { - "level": 3, - "title": "EUROPEAN– ASIAN OVERLAP: 2am-4am est", - "page": 89 - }, - { - "level": 2, - "title": "Chapter 6: What Are Currency Correlations and How Do Traders Use Them?", - "page": 91 - }, - { - "level": 3, - "title": "POSITIVE/NEGATIVE CORRELATIONS: WHAT THEY MEAN AND HOW TO USE THEM", - "page": 92 - }, - { - "level": 3, - "title": "IMPORTANT FACT ABOUT CORRELATIONS: THEY CHANGE", - "page": 93 - }, - { - "level": 3, - "title": "CALCULATING CORRELATIONS YOURSELF", - "page": 93 - }, - { - "level": 3, - "title": "SAMPLE CORRELATIONS RESULTS", - "page": 94 - }, - { - "level": 2, - "title": "Chapter 7: Seasonality—How It Applies to the FX Market", - "page": 97 - }, - { - "level": 3, - "title": "SEASONALITY IN JANUARY", - "page": 98 - }, - { - "level": 3, - "title": "SUMMER SEASONALITY", - "page": 101 - }, - { - "level": 3, - "title": "OTHER CASES OF SEASONALITY", - "page": 103 - }, - { - "level": 3, - "title": "INCORPORATING SEASONALITY INTO YOUR TRADING", - "page": 105 - }, - { - "level": 2, - "title": "Chapter 8: Trade Parameters for Different Market Conditions", - "page": 107 - }, - { - "level": 3, - "title": "KEEPING A TRADING JOURNAL", - "page": 107 - }, - { - "level": 3, - "title": "HAVE A TOOLBOX—USE WHAT WORKS FOR THE CURRENT MARKET ENVIRONMENT", - "page": 114 - }, - { - "level": 3, - "title": "STEP ONE—PROFILE TRADING ENVIRONMENT", - "page": 115 - }, - { - "level": 3, - "title": "STEP TWO—DETERMINE TRADING TIME HORIZON", - "page": 118 - }, - { - "level": 3, - "title": "RISK MANAGEMENT", - "page": 120 - }, - { - "level": 3, - "title": "PSYCHOLOGICAL OUTLOOK", - "page": 123 - }, - { - "level": 2, - "title": "Chapter 9: Technical Trading Strategies", - "page": 125 - }, - { - "level": 3, - "title": "MULTIPLE TIME FRAME ANALYSIS", - "page": 125 - }, - { - "level": 3, - "title": "FADING THE DOUBLE ZEROS", - "page": 131 - }, - { - "level": 3, - "title": "WAITING FOR THE REAL DEAL", - "page": 136 - }, - { - "level": 3, - "title": "INSIDE DAY BREAKOUT PLAY", - "page": 140 - }, - { - "level": 3, - "title": "THE FADER", - "page": 145 - }, - { - "level": 3, - "title": "FILTERING FALSE BREAKOUTS", - "page": 148 - }, - { - "level": 3, - "title": "CHANNEL STRATEGY", - "page": 151 - }, - { - "level": 3, - "title": "PERFECT ORDER", - "page": 154 - }, - { - "level": 3, - "title": "HOW TO TRADE NEWS RELEASES", - "page": 156 - }, - { - "level": 3, - "title": "20–100 SHORT-TERM MOMENTUM STRATEGY", - "page": 166 - }, - { - "level": 3, - "title": "HIGH-PROBABILITY TURN STRATEGY", - "page": 171 - }, - { - "level": 2, - "title": "Chapter 10: Fundamental Trading Strategies", - "page": 181 - }, - { - "level": 3, - "title": "PICKING THE STRONGEST PAIRING", - "page": 181 - }, - { - "level": 3, - "title": "LEVERAGED CARRY TRADE", - "page": 184 - }, - { - "level": 3, - "title": "FUNDAMENTAL TRADING STRATEGY: STAYING ON TOP OF MACROECONOMIC EVENTS", - "page": 192 - }, - { - "level": 3, - "title": "COMMODITY PRICES AS A LEADING INDICATOR", - "page": 196 - }, - { - "level": 3, - "title": "USING BOND SPREADS AS A LEADING INDICATOR FOR FX", - "page": 201 - }, - { - "level": 3, - "title": "FUNDAMENTAL TRADING STRATEGY: RISK REVERSALS", - "page": 205 - }, - { - "level": 3, - "title": "USING OPTION VOLATILITIES TO TIME MARKET MOVEMENTS", - "page": 207 - }, - { - "level": 3, - "title": "FUNDAMENTAL TRADING STRATEGY: INTERVENTION", - "page": 211 - }, - { - "level": 3, - "title": "USING EQUITIES TO TRADE FX", - "page": 216 - }, - { - "level": 3, - "title": "TRADING THE CORRELATION WITH FUNDAMENTALS", - "page": 219 - }, - { - "level": 3, - "title": "TRADING THE CORRELATION WITH TECHNICALS", - "page": 220 - }, - { - "level": 2, - "title": "Chapter 11: How to Trade Like a Hedge Fund Manager", - "page": 223 - }, - { - "level": 3, - "title": "PROPERLY DEFINING THE TRADING STRATEGY", - "page": 224 - }, - { - "level": 3, - "title": "THE ART OF ENTERING AND EXITING", - "page": 226 - }, - { - "level": 3, - "title": "TEST DRIVE", - "page": 227 - }, - { - "level": 3, - "title": "GETTING INTIMATE", - "page": 228 - }, - { - "level": 3, - "title": "SELF-REFLECTION", - "page": 229 - }, - { - "level": 2, - "title": "Chapter 12: Profiles and Unique Characteristics of Major Currency Pairs", - "page": 231 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: U.S. DOLLAR (USD)", - "page": 231 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: EURO (EUR)", - "page": 240 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: BRITISH POUND (GBP)", - "page": 249 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: SWISS FRANC (CHF)", - "page": 257 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: JAPANESE YEN (JPY)", - "page": 263 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: AUSTRALIAN DOLLAR (AUD)", - "page": 270 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: NEW ZEALAND DOLLAR (NZD)", - "page": 276 - }, - { - "level": 3, - "title": "CURRENCY PROFILE: CANADIAN DOLLAR (CAD)", - "page": 283 - }, - { - "level": 2, - "title": "About the Author", - "page": 289 - }, - { - "level": 2, - "title": "Index", - "page": 291 - } - ] - }, - { - "id": "quantitative_trading_ernest_p_chan_z_library_sk_1lib_sk_z_li", - "title": "Quantitative Trading", - "author": "Ernest P. Chan;", - "totalPages": 256, - "fileSize": 9499083, - "pdfUrl": "data/pdfs/quantitative_trading_ernest_p_chan_z_library_sk_1lib_sk_z_li.pdf", - "coverUrl": "data/covers/quantitative_trading_ernest_p_chan_z_library_sk_1lib_sk_z_li.jpg", - "layoutUrl": "data/layouts/quantitative_trading_ernest_p_chan_z_library_sk_1lib_sk_z_li.json", - "toc": [ - { - "level": 1, - "title": "Cover", - "page": 1 - }, - { - "level": 1, - "title": "Title Page", - "page": 5 - }, - { - "level": 1, - "title": "Copyright Page", - "page": 6 - }, - { - "level": 1, - "title": "Contents", - "page": 9 - }, - { - "level": 1, - "title": "Preface to the 2nd Edition", - "page": 13 - }, - { - "level": 1, - "title": "Preface", - "page": 17 - }, - { - "level": 1, - "title": "Acknowledgments", - "page": 23 - }, - { - "level": 1, - "title": "Chapter 1 The Whats, Whos, and Whys of Quantitative Trading", - "page": 25 - }, - { - "level": 2, - "title": "Who Can Become a Quantitative Trader?", - "page": 26 - }, - { - "level": 2, - "title": "The Business Case for Quantitative Trading", - "page": 28 - }, - { - "level": 3, - "title": "Scalability", - "page": 29 - }, - { - "level": 3, - "title": "Demand on Time", - "page": 29 - }, - { - "level": 3, - "title": "The Nonnecessity of Marketing", - "page": 31 - }, - { - "level": 2, - "title": "The Way Forward", - "page": 32 - }, - { - "level": 1, - "title": "Chapter 2 Fishing for Ideas", - "page": 35 - }, - { - "level": 2, - "title": "How to Identify a Strategy that Suits You", - "page": 38 - }, - { - "level": 3, - "title": "Your Working Hours", - "page": 38 - }, - { - "level": 3, - "title": "Your Programming Skills", - "page": 39 - }, - { - "level": 3, - "title": "Your Trading Capital", - "page": 39 - }, - { - "level": 3, - "title": "Your Goal", - "page": 43 - }, - { - "level": 2, - "title": "A Taste for Plausible Strategies and Their Pitfalls", - "page": 44 - }, - { - "level": 3, - "title": "How Does It Compare with a Benchmark, and How Consistent Are Its Returns?", - "page": 44 - }, - { - "level": 3, - "title": "How Deep and Long Is the Drawdown?", - "page": 47 - }, - { - "level": 3, - "title": "How Will Transaction Costs Affect the Strategy?", - "page": 48 - }, - { - "level": 3, - "title": "Does the Data Suffer from Survivorship Bias?", - "page": 50 - }, - { - "level": 3, - "title": "How Did the Performance of the Strategy Change over the Years?", - "page": 51 - }, - { - "level": 3, - "title": "Does the Strategy Suffer from Data-Snooping Bias?", - "page": 52 - }, - { - "level": 3, - "title": "Does the Strategy “Fly under the Radar” of Institutional Money Managers?", - "page": 54 - }, - { - "level": 2, - "title": "Summary", - "page": 54 - }, - { - "level": 2, - "title": "References", - "page": 55 - }, - { - "level": 1, - "title": "Chapter 3 Backtesting", - "page": 57 - }, - { - "level": 2, - "title": "Common Backtesting Platforms", - "page": 58 - }, - { - "level": 3, - "title": "Excel", - "page": 58 - }, - { - "level": 3, - "title": "MATLAB", - "page": 58 - }, - { - "level": 3, - "title": "Python", - "page": 60 - }, - { - "level": 3, - "title": "R", - "page": 62 - }, - { - "level": 3, - "title": "QuantConnect", - "page": 64 - }, - { - "level": 3, - "title": "Blueshift", - "page": 64 - }, - { - "level": 2, - "title": "Finding and Using Historical Databases", - "page": 64 - }, - { - "level": 3, - "title": "Are the Data Split and Dividend Adjusted?", - "page": 65 - }, - { - "level": 3, - "title": "Are the Data Survivorship-Bias Free?", - "page": 68 - }, - { - "level": 3, - "title": "Does Your Strategy Use High and Low Data?", - "page": 70 - }, - { - "level": 2, - "title": "Performance Measurement", - "page": 71 - }, - { - "level": 2, - "title": "Common Backtesting Pitfalls to Avoid", - "page": 81 - }, - { - "level": 3, - "title": "Look-Ahead Bias", - "page": 82 - }, - { - "level": 3, - "title": "Data-Snooping Bias", - "page": 83 - }, - { - "level": 2, - "title": "Transaction Costs", - "page": 96 - }, - { - "level": 2, - "title": "Strategy Refinement", - "page": 101 - }, - { - "level": 2, - "title": "Summary", - "page": 102 - }, - { - "level": 2, - "title": "References", - "page": 103 - }, - { - "level": 1, - "title": "Chapter 4 Setting Up Your Business", - "page": 105 - }, - { - "level": 2, - "title": "Business Structure: Retail or Proprietary?", - "page": 105 - }, - { - "level": 2, - "title": "Choosing a Brokerage or Proprietary Trading Firm", - "page": 109 - }, - { - "level": 2, - "title": "Physical Infrastructure", - "page": 111 - }, - { - "level": 2, - "title": "Summary", - "page": 113 - }, - { - "level": 2, - "title": "References", - "page": 115 - }, - { - "level": 1, - "title": "Chapter 5 ExecutionSystems", - "page": 117 - }, - { - "level": 2, - "title": "What an Automated Trading System Can Do for You", - "page": 117 - }, - { - "level": 3, - "title": "Building a Semiautomated Trading System", - "page": 119 - }, - { - "level": 3, - "title": "Building a Fully Automated Trading System", - "page": 122 - }, - { - "level": 2, - "title": "Minimizing Transaction Costs", - "page": 125 - }, - { - "level": 2, - "title": "Testing Your System by Paper Trading", - "page": 127 - }, - { - "level": 2, - "title": "Why Does Actual Performance Diverge from Expectations?", - "page": 128 - }, - { - "level": 2, - "title": "Summary", - "page": 131 - }, - { - "level": 1, - "title": "Chapter 6 Money and Risk Management", - "page": 133 - }, - { - "level": 2, - "title": "Optimal Capital Allocation and Leverage", - "page": 133 - }, - { - "level": 2, - "title": "Risk Management", - "page": 144 - }, - { - "level": 3, - "title": "Model Risk", - "page": 148 - }, - { - "level": 3, - "title": "Software Risk", - "page": 149 - }, - { - "level": 3, - "title": "Natural Disaster Risk", - "page": 149 - }, - { - "level": 2, - "title": "Psychological Preparedness", - "page": 149 - }, - { - "level": 2, - "title": "Summary", - "page": 154 - }, - { - "level": 2, - "title": "Appendix: A Simple Derivation of the Kelly Formula when Return Distribution Is Gaussian", - "page": 155 - }, - { - "level": 2, - "title": "References", - "page": 156 - }, - { - "level": 1, - "title": "Chapter 7 Special Topics in Quantitative Trading", - "page": 157 - }, - { - "level": 2, - "title": "Mean-Reverting versus Momentum Strategies", - "page": 158 - }, - { - "level": 2, - "title": "Regime Change and Conditional Parameter Optimization", - "page": 161 - }, - { - "level": 2, - "title": "Stationarity and Cointegration", - "page": 171 - }, - { - "level": 2, - "title": "Factor Models", - "page": 184 - }, - { - "level": 2, - "title": "What Is Your Exit Strategy?", - "page": 193 - }, - { - "level": 2, - "title": "Seasonal Trading Strategies", - "page": 198 - }, - { - "level": 2, - "title": "High-Frequency Trading Strategies", - "page": 210 - }, - { - "level": 2, - "title": "Is It Better to Have a High-Leverage versus a High-Beta Portfolio?", - "page": 212 - }, - { - "level": 2, - "title": "Summary", - "page": 214 - }, - { - "level": 2, - "title": "References", - "page": 216 - }, - { - "level": 1, - "title": "Chapter 8 Conclusion: Can Independent Traders Succeed?", - 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"page": 101 - }, - { - "level": 2, - "title": "Summary", - "page": 102 - }, - { - "level": 2, - "title": "References", - "page": 103 - }, - { - "level": 1, - "title": "Chapter 4 Setting Up Your Business", - "page": 105 - }, - { - "level": 2, - "title": "Business Structure: Retail or Proprietary?", - "page": 105 - }, - { - "level": 2, - "title": "Choosing a Brokerage or Proprietary Trading Firm", - "page": 109 - }, - { - "level": 2, - "title": "Physical Infrastructure", - "page": 111 - }, - { - "level": 2, - "title": "Summary", - "page": 113 - }, - { - "level": 2, - "title": "References", - "page": 115 - }, - { - "level": 1, - "title": "Chapter 5 ExecutionSystems", - "page": 117 - }, - { - "level": 2, - "title": "What an Automated Trading System Can Do for You", - "page": 117 - }, - { - "level": 3, - "title": "Building a Semiautomated Trading System", - "page": 119 - }, - { - "level": 3, - "title": "Building a Fully Automated Trading System", - "page": 122 - }, - { - "level": 2, - "title": "Minimizing Transaction Costs", - 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"page": 38 - }, - { - "level": 2, - "title": "Universal Principles", - "page": 40 - }, - { - "level": 1, - "title": "2 Dow Theory", - "page": 41 - }, - { - "level": 2, - "title": "Introduction", - "page": 41 - }, - { - "level": 2, - "title": "Basic Tenets", - "page": 42 - }, - { - "level": 2, - "title": "The Use of Closing Prices and the Presence of Lines", - "page": 47 - }, - { - "level": 2, - "title": "Some Criticisms of Dow Theory", - "page": 48 - }, - { - "level": 2, - "title": "Stocks as Economic Indicators", - "page": 49 - }, - { - "level": 2, - "title": "Dow Theory Applied to Futures Trading", - "page": 49 - }, - { - "level": 2, - "title": "Conclusion", - "page": 50 - }, - { - "level": 1, - "title": "3 Chart Construction", - "page": 51 - }, - { - "level": 2, - "title": "Introduction", - "page": 51 - }, - { - "level": 2, - "title": "Types of Charts Available", - "page": 51 - }, - { - "level": 2, - "title": "Candlesticks", - "page": 53 - }, - { - "level": 2, - "title": "Arithmetic versus Logarithmic Scale", - "page": 54 - }, - { - "level": 2, - "title": "Construction of the Daily Bar Chart", - "page": 55 - }, - { - "level": 2, - "title": "Volume", - "page": 56 - }, - { - "level": 2, - "title": "Futures Open Interest", - "page": 57 - }, - { - "level": 2, - "title": "Weekly and Monthly Bar Charts", - "page": 59 - }, - { - "level": 2, - "title": "Conclusion", - "page": 61 - }, - { - "level": 1, - "title": "4 Basic Concepts of Trend", - "page": 62 - }, - { - "level": 2, - "title": "Definition of Trend", - "page": 62 - }, - { - "level": 2, - "title": "Trend Has Three Directions", - "page": 64 - }, - { - "level": 2, - "title": "Trend Has Three Classifications", - "page": 65 - }, - { - "level": 2, - "title": "Support and Resistance", - "page": 67 - }, - { - "level": 2, - "title": "Trendlines", - "page": 75 - }, - { - "level": 2, - "title": "The Fan Principle", - "page": 83 - }, - { - "level": 2, - "title": "The Importance of the Number Three", - "page": 85 - }, - { - "level": 2, - "title": "The Relative Steepness of the Trendline", - "page": 85 - }, - { - "level": 2, - "title": "The Channel Line", - "page": 89 - }, - { - "level": 2, - "title": "Percentage Retracements", - "page": 94 - }, - { - "level": 2, - "title": "Speed Resistance Lines", - "page": 96 - }, - { - "level": 2, - "title": "Gann and Fibonacci Fan Lines", - "page": 98 - }, - { - "level": 2, - "title": "Internal Trendlines", - "page": 99 - }, - { - "level": 2, - "title": "Reversal Days", - "page": 99 - }, - { - "level": 2, - "title": "Price Gaps", - "page": 102 - }, - { - "level": 2, - "title": "Conclusion", - "page": 105 - }, - { - "level": 1, - "title": "5 Major Reversal Patterns", - "page": 106 - }, - { - "level": 2, - "title": "Introduction", - "page": 106 - }, - { - "level": 2, - "title": "Price Patterns", - "page": 106 - }, - { - "level": 2, - "title": "Two Types of Patterns: Reversal and Continuation", - "page": 107 - }, - { - "level": 2, - "title": "The Head and Shoulders Reversal Pattern", - "page": 109 - }, - { - "level": 2, - "title": "The Importance of Volume", - "page": 113 - }, - { - "level": 2, - "title": "Finding a Price Objective", - "page": 113 - }, - { - "level": 2, - "title": "The Inverse Head and Shoulders", - "page": 115 - }, - { - "level": 2, - "title": "Complex Head and Shoulders Patterns", - "page": 117 - }, - { - "level": 2, - "title": "Triple Tops and Bottoms", - "page": 119 - }, - { - "level": 2, - "title": "Double Tops and Bottoms", - "page": 121 - }, - { - "level": 2, - "title": "Variations from the Ideal Pattern", - "page": 124 - }, - { - "level": 2, - "title": "Saucers and Spikes", - "page": 128 - }, - { - "level": 2, - "title": "Conclusion", - "page": 129 - }, - { - "level": 1, - "title": "6 Continuation Patterns", - "page": 130 - }, - { - "level": 2, - "title": "Introduction", - "page": 130 - }, - { - "level": 2, - "title": "Triangles", - "page": 131 - }, - { - "level": 2, - "title": "The Symmetrical Triangle", - "page": 132 - }, - { - "level": 2, - "title": "The Ascending Triangle", - "page": 135 - }, - { - "level": 2, - "title": "The Descending Triangle", - "page": 137 - }, - { - "level": 2, - "title": "The Broadening Formation", - "page": 139 - }, - { - "level": 2, - "title": "Flags and Pennants", - "page": 140 - }, - { - "level": 2, - "title": "The Wedge Formation", - "page": 144 - }, - { - "level": 2, - "title": "The Rectangle Formation", - "page": 145 - }, - { - "level": 2, - "title": "The Measured Move", - "page": 149 - }, - { - "level": 2, - "title": "The Continuation Head and Shoulders Pattern", - "page": 150 - }, - { - "level": 2, - "title": "Confirmation and Divergence", - "page": 152 - }, - { - "level": 2, - "title": "Conclusion", - "page": 153 - }, - { - "level": 1, - "title": "7 Volume and Open Interest", - "page": 154 - }, - { - "level": 2, - "title": "Introduction", - "page": 154 - }, - { - "level": 2, - "title": "Volume and Open Interest as Secondary Indicators", - "page": 154 - }, - { - "level": 2, - "title": "Interpretation of Volume for All Markets", - "page": 158 - }, - { - "level": 2, - "title": "Interpretation of Open Interest in Futures", - "page": 164 - }, - { - "level": 2, - "title": "Summary of Volume and Open Interest Rules", - "page": 169 - }, - { - "level": 2, - "title": "Blowoffs and Selling Climaxes", - "page": 169 - }, - { - "level": 2, - "title": "Commitments of Traders Report", - "page": 169 - }, - { - "level": 2, - "title": "Watch the Commercials", - "page": 170 - }, - { - "level": 2, - "title": "Net Trader Positions", - "page": 171 - }, - { - "level": 2, - "title": "Open Interest In Options", - "page": 171 - }, - { - "level": 2, - "title": "Put/Call Ratios", - "page": 172 - }, - { - "level": 2, - "title": "Combine Option Sentiment With Technicals", - "page": 173 - }, - { - "level": 2, - "title": "Conclusion", - "page": 173 - }, - { - "level": 1, - "title": "8 Long Term Charts", - "page": 175 - }, - { - "level": 2, - "title": "Introduction", - "page": 175 - }, - { - "level": 2, - "title": "The Importance of Longer Range Perspective", - "page": 175 - }, - { - "level": 2, - "title": "Construction of Continuation Charts for Futures", - "page": 176 - }, - { - "level": 2, - "title": "The Perpetual Contract™", - "page": 177 - }, - { - "level": 2, - "title": "Long Term Trends Dispute Randomness", - "page": 178 - }, - { - "level": 2, - "title": "Patterns on Charts: Weekly and Monthly Reversals", - "page": 178 - }, - { - "level": 2, - "title": "Long Term to Short Term Charts", - "page": 178 - }, - { - "level": 2, - "title": "Why Should Long Range Charts Be Adjusted for Inflation?", - "page": 179 - }, - { - "level": 2, - "title": "Long Term Charts Not Intended for Trading Purposes", - "page": 180 - }, - { - "level": 2, - "title": "Examples of Long Term Charts", - "page": 181 - }, - { - "level": 1, - "title": "9 Moving Averages", - "page": 187 - }, - { - "level": 2, - "title": "Introduction", - "page": 187 - }, - { - "level": 2, - "title": "The Moving Average: A Smoothing Device with a Time Lag", - "page": 188 - }, - { - "level": 2, - "title": "Moving Average Envelopes", - "page": 197 - }, - { - "level": 2, - "title": "Bollinger Bands", - "page": 198 - }, - { - "level": 2, - "title": "Using Bollinger Bands as Targets", - "page": 200 - }, - { - "level": 2, - "title": "Band Width Measures Volatility", - "page": 200 - }, - { - "level": 2, - "title": "Moving Averages Tied to Cycles", - "page": 201 - }, - { - "level": 2, - "title": "Fibonacci Numbers Used as Moving Averages", - "page": 202 - }, - { - "level": 2, - "title": "Moving Averages Applied to Long Term Charts", - "page": 202 - }, - { - "level": 2, - "title": "The Weekly Rule", - "page": 204 - }, - { - "level": 2, - "title": "To Optimize or Not", - "page": 209 - }, - { - "level": 2, - "title": "Summary", - "page": 209 - }, - { - "level": 2, - "title": "The Adaptive Moving Average", - "page": 210 - }, - { - "level": 2, - "title": "Alternatives to the Moving Average", - "page": 210 - }, - { - "level": 1, - "title": "10 Oscillators and Contrary Opinion", - "page": 212 - }, - { - "level": 2, - "title": "Introduction", - "page": 212 - }, - { - "level": 2, - "title": "Oscillator Usage in Conjunction with Trend", - "page": 213 - }, - { - "level": 2, - "title": "Measuring Momentum", - "page": 214 - }, - { - "level": 2, - "title": "Measuring Rate of Change (ROC)", - "page": 219 - }, - { - "level": 2, - "title": "Constructing an Oscillator Using Two Moving Averages", - "page": 219 - }, - { - "level": 2, - "title": "Commodity Channel Index", - "page": 222 - }, - { - "level": 2, - "title": "The Relative Strength Index (RSI)", - "page": 224 - }, - { - "level": 2, - "title": "Using the 70 and 30 Lines to Generate Signals", - "page": 230 - }, - { - "level": 2, - "title": "Stochastics (K%D)", - "page": 230 - }, - { - "level": 2, - "title": "Larry Williams %R", - "page": 233 - }, - { - "level": 2, - "title": "The Importance of Trend", - "page": 234 - }, - { - "level": 2, - "title": "When Oscillators are Most Useful", - "page": 235 - }, - { - "level": 2, - "title": "Moving Average Convergence/Divergence (MACD)", - "page": 236 - }, - { - "level": 2, - "title": "MACD Histogram", - "page": 238 - }, - { - "level": 2, - "title": "Combine Weeklies and Dailies", - "page": 239 - }, - { - "level": 2, - "title": "The Principle of Contrary Opinion in Futures", - "page": 240 - }, - { - "level": 2, - "title": "Investor Sentiment Readings", - "page": 243 - }, - { - "level": 2, - "title": "Investors Intelligence Numbers", - "page": 244 - }, - { - "level": 1, - "title": "11 Point and Figure Charting", - "page": 246 - }, - { - "level": 2, - "title": "Introduction", - "page": 246 - }, - { - "level": 2, - "title": "The Point and Figure Versus the Bar Chart", - "page": 246 - }, - { - "level": 2, - "title": "Construction of the Intraday Point and Figure Chart", - "page": 250 - }, - { - "level": 2, - "title": "The Horizontal Count", - "page": 253 - }, - { - "level": 2, - "title": "Price Patterns", - "page": 254 - }, - { - "level": 2, - "title": "3 Box Reversal Point and Figure Charting", - "page": 256 - }, - { - "level": 2, - "title": "Construction of the 3 Point Reversal Chart", - "page": 257 - }, - { - "level": 2, - "title": "The Drawing of Trendlines", - "page": 261 - }, - { - "level": 2, - "title": "Measuring Techniques", - "page": 264 - }, - { - "level": 2, - "title": "Trading Tactics", - "page": 265 - }, - { - "level": 2, - "title": "Advantages of Point and Figure Charts", - "page": 266 - }, - { - "level": 2, - "title": "P&F Technical Indicators", - "page": 270 - }, - { - "level": 2, - "title": "Computerized P&F Charting", - "page": 270 - }, - { - "level": 2, - "title": "P&F Moving Averages", - "page": 272 - }, - { - "level": 2, - "title": "Conclusion", - "page": 273 - }, - { - "level": 1, - "title": "12 Japanese Candlesticks", - "page": 274 - }, - { - "level": 2, - "title": "Introduction", - "page": 274 - }, - { - "level": 2, - "title": "Candlestick Charting", - "page": 274 - }, - { - "level": 2, - "title": "Basic Candlesticks", - "page": 276 - }, - { - "level": 2, - "title": "Candle Pattern Analysis", - "page": 278 - }, - { - "level": 2, - "title": "Filtered Candle Patterns", - "page": 283 - }, - { - "level": 2, - "title": "Conclusion", - "page": 284 - }, - { - "level": 2, - "title": "Candle Patterns", - "page": 285 - }, - { - "level": 1, - "title": "13 Elliott Wave Theory", - "page": 294 - }, - { - "level": 2, - "title": "Historical Background", - "page": 294 - }, - { - "level": 2, - "title": "Basic Tenets of the Elliott Wave Principle", - "page": 294 - }, - { - "level": 2, - "title": "Connection Between Elliott Wave and Dow Theory", - "page": 298 - }, - { - "level": 2, - "title": "Corrective Waves", - "page": 299 - }, - { - "level": 2, - "title": "The Rule of Alternation", - "page": 307 - }, - { - "level": 2, - "title": "Channeling", - "page": 308 - }, - { - "level": 2, - "title": "Wave 4 as a Support Area", - "page": 309 - }, - { - "level": 2, - "title": "Fibonacci Numbers as the Basis of the Wave Principle", - "page": 309 - }, - { - "level": 2, - "title": "Fibonacci Ratios and Retracements", - "page": 310 - }, - { - "level": 2, - "title": "Fibonacci Time Targets", - "page": 313 - }, - { - "level": 2, - "title": "Combining All Three Aspects of Wave Theory", - "page": 313 - }, - { - "level": 2, - "title": "Elliott Wave Applied to Stocks Versus Commodities", - "page": 315 - }, - { - "level": 2, - "title": "Summary and Conclusions", - "page": 315 - }, - { - "level": 2, - "title": "Reference Material", - "page": 317 - }, - { - "level": 1, - "title": "14 Time Cycles", - "page": 318 - }, - { - "level": 2, - "title": "Introduction", - "page": 318 - }, - { - "level": 2, - "title": "Cycles", - "page": 319 - }, - { - "level": 2, - "title": "How Cyclic Concepts Help Explain Charting Techniques", - "page": 328 - }, - { - "level": 2, - "title": "Dominant Cycles", - "page": 331 - }, - { - "level": 2, - "title": "Combining Cycle Lengths", - "page": 333 - }, - { - "level": 2, - "title": "The Importance of Trend", - "page": 334 - }, - { - "level": 2, - "title": "Left and Right Translation", - "page": 335 - }, - { - "level": 2, - "title": "How to Isolate Cycles", - "page": 335 - }, - { - "level": 2, - "title": "Seasonal Cycles", - "page": 340 - }, - { - "level": 2, - "title": "Stock Market Cycles", - "page": 344 - }, - { - "level": 2, - "title": "The January Barometer", - "page": 344 - }, - { - "level": 2, - "title": "The Presidential Cycle", - "page": 345 - }, - { - "level": 2, - "title": "Combining Cycles with Other Technical Tools", - "page": 345 - }, - { - "level": 2, - "title": "Maximum Entropy Spectral Analysis", - "page": 345 - }, - { - "level": 2, - "title": "Cycle Reading and Software", - "page": 346 - }, - { - "level": 1, - "title": "15 Computers and Trading Systems", - "page": 347 - }, - { - "level": 2, - "title": "Introduction", - "page": 347 - }, - { - "level": 2, - "title": "Some Computer Needs", - "page": 348 - }, - { - "level": 2, - "title": "Grouping Tools and Indicators", - "page": 349 - }, - { - "level": 2, - "title": "Using the Tools and Indicators", - "page": 349 - }, - { - "level": 2, - "title": "Welles Wilder’s Parabolic and Directional Movement Systems", - "page": 350 - }, - { - "level": 2, - "title": "Pros and Cons of System Trading", - "page": 356 - }, - { - "level": 2, - "title": "Need Expert Help?", - "page": 357 - }, - { - "level": 2, - "title": "Test Systems or Create Your Own", - "page": 358 - }, - { - "level": 2, - "title": "Conclusion", - "page": 358 - }, - { - "level": 1, - "title": "16 Money Management and Trading Tactics", - "page": 360 - }, - { - "level": 2, - "title": "Introduction", - "page": 360 - }, - { - "level": 2, - "title": "The Three Elements of Successful Trading", - "page": 360 - }, - { - "level": 2, - "title": "Money Management", - "page": 361 - }, - { - "level": 2, - "title": "Reward to Risk Ratios", - "page": 363 - }, - { - "level": 2, - "title": "Trading Multiple Positions: Trending versus Trading Units", - "page": 364 - }, - { - "level": 2, - "title": "What to Do After Periods of Success and Adversity", - "page": 364 - }, - { - "level": 2, - "title": "Trading Tactics", - "page": 365 - }, - { - "level": 2, - "title": "Combining Technical Factors and Money Management", - "page": 367 - }, - { - "level": 2, - "title": "Types of Trading Orders", - "page": 368 - }, - { - "level": 2, - "title": "From Daily Charts to Intraday Price Charts", - "page": 369 - }, - { - "level": 2, - "title": "The Use of Intraday Pivot Points", - "page": 371 - }, - { - "level": 2, - "title": "Summary of Money Management and Trading Guidelines", - "page": 372 - }, - { - "level": 2, - "title": "Application to Stocks", - "page": 373 - }, - { - "level": 2, - "title": "Asset Allocation", - "page": 373 - }, - { - "level": 2, - "title": "Managed Accounts and Mutual Funds", - "page": 373 - }, - { - "level": 2, - "title": "Market Profile", - "page": 374 - }, - { - "level": 1, - "title": "17 The Link Between Stocks and Futures: Intermarket Analysis", - "page": 375 - }, - { - "level": 2, - "title": "Intermarket Analysis", - "page": 376 - }, - { - "level": 2, - "title": "Program Trading: The Ultimate Link", - "page": 376 - }, - { - "level": 2, - "title": "The Link Between Bonds and Stocks", - "page": 378 - }, - { - "level": 2, - "title": "The Link Between Bonds and Commodities", - "page": 379 - }, - { - "level": 2, - "title": "The Link Between Commodities and the Dollar", - "page": 379 - }, - { - "level": 2, - "title": "Stock Sectors and Industry Groups", - "page": 381 - }, - { - "level": 2, - "title": "The Dollar and Large Caps", - "page": 382 - }, - { - "level": 2, - "title": "Intermarket Analysis and Mutual Funds", - "page": 382 - }, - { - "level": 2, - "title": "Relative Strength Analysis", - "page": 383 - }, - { - "level": 2, - "title": "Relative Strength and Sectors", - "page": 385 - }, - { - "level": 2, - "title": "Relative Strength and Individual Stocks", - "page": 386 - }, - { - "level": 2, - "title": "Top-Down Market Approach", - "page": 386 - }, - { - "level": 2, - "title": "Deflation Scenario", - "page": 387 - }, - { - "level": 2, - "title": "Intermarket Correlation", - "page": 388 - }, - { - "level": 2, - "title": "Intermarket Neural Network Software", - "page": 389 - }, - { - "level": 2, - "title": "Conclusion", - "page": 389 - }, - { - "level": 1, - "title": "18 Stock Market Indicators", - "page": 391 - }, - { - "level": 2, - "title": "Measuring Market Breadth", - "page": 391 - }, - { - "level": 2, - "title": "Sample Data", - "page": 391 - }, - { - "level": 2, - "title": "Comparing Market Averages", - "page": 392 - }, - { - "level": 2, - "title": "The Advance-Decline Line", - "page": 393 - }, - { - "level": 2, - "title": "AD Divergence", - "page": 394 - }, - { - "level": 2, - "title": "Daily Versus Weekly AD Lines", - "page": 394 - }, - { - "level": 2, - "title": "Variations in AD Line", - "page": 395 - }, - { - "level": 2, - "title": "McClellan Oscillator", - "page": 395 - }, - { - "level": 2, - "title": "McClellan Summation Index", - "page": 396 - }, - { - "level": 2, - "title": "New Highs Versus New Lows", - "page": 397 - }, - { - "level": 2, - "title": "New High-New Low Index", - "page": 398 - }, - { - "level": 2, - "title": "Upside Versus Downside Volume", - "page": 399 - }, - { - "level": 2, - "title": "The Arms Index", - "page": 400 - }, - { - "level": 2, - "title": "TRIN Versus TICK", - "page": 401 - }, - { - "level": 2, - "title": "Smoothing the Arms Index", - "page": 401 - }, - { - "level": 2, - "title": "Open Arms", - "page": 402 - }, - { - "level": 2, - "title": "Equivolume Charting", - "page": 402 - }, - { - "level": 2, - "title": "Candlepower", - "page": 404 - }, - { - "level": 2, - "title": "Comparing Market Averages", - "page": 405 - }, - { - "level": 2, - "title": "Conclusion", - "page": 407 - }, - { - "level": 1, - "title": "19 Pulling It All Together—A Checklist", - "page": 408 - }, - { - "level": 2, - "title": "Technical Checklist", - "page": 408 - }, - { - "level": 2, - "title": "How to Coordinate Technical and Fundamental Analysis", - "page": 410 - }, - { - "level": 2, - "title": "Chartered Market Technician (CMT)", - "page": 410 - }, - { - "level": 2, - "title": "Market Technicians Association (MTA)", - "page": 411 - }, - { - "level": 2, - "title": "The Global Reach of Technical Analysis", - "page": 411 - }, - { - "level": 2, - "title": "Technical Analysis by Any Name", - "page": 412 - }, - { - "level": 2, - "title": "Federal Reserve Finally Approves", - "page": 412 - }, - { - "level": 2, - "title": "Conclusion", - "page": 413 - }, - { - "level": 1, - "title": "A Advanced Technical Indicators", - "page": 416 - }, - { - "level": 2, - "title": "Demand Index (DI)", - "page": 416 - }, - { - "level": 2, - "title": "Herrick Payoff Index (HPI)", - "page": 418 - }, - { - "level": 2, - "title": "Starc Bands and Keltner Channels", - "page": 420 - }, - { - "level": 2, - "title": "Formula for Demand Index", - "page": 423 - }, - { - "level": 1, - "title": "B Market Profile", - "page": 425 - }, - { - "level": 2, - "title": "Introduction", - "page": 425 - }, - { - "level": 2, - "title": "Market Profile Graphic", - "page": 427 - }, - { - "level": 2, - "title": "Market Structure", - "page": 428 - }, - { - "level": 2, - "title": "Market Profile Organizing Principles", - "page": 429 - }, - { - "level": 2, - "title": "Range Development and Profile Patterns", - "page": 433 - }, - { - "level": 2, - "title": "Tracking Longer Term Market Activity", - "page": 434 - }, - { - "level": 2, - "title": "Conclusion", - "page": 438 - }, - { - "level": 1, - "title": "C The Essentials of Building a Trading System", - "page": 440 - }, - { - "level": 2, - "title": "5-Step Plan", - "page": 441 - }, - { - "level": 2, - "title": "Step 1: Start with a Concept (an Idea)", - "page": 441 - }, - { - "level": 2, - "title": "Step 2: Turn Your Idea into a Set of Objective Rules", - "page": 443 - }, - { - "level": 2, - "title": "Step 3: Visually Check It Out on the Charts", - "page": 443 - }, - { - "level": 2, - "title": "Step 4: Formally Test It with a Computer", - "page": 443 - }, - { - "level": 2, - "title": "Step 5: Evaluate Results", - "page": 446 - }, - { - "level": 2, - "title": "Money Management", - "page": 446 - }, - { - "level": 2, - "title": "Conclusion", - "page": 447 - }, - { - "level": 1, - "title": "D Continuous Futures Contracts", - "page": 450 - }, - { - "level": 2, - "title": "Nearest Contract", - "page": 450 - }, - { - "level": 2, - "title": "Next Contract", - "page": 451 - }, - { - "level": 2, - "title": "Gann Contract", - "page": 451 - }, - { - "level": 2, - "title": "Continuous Contracts", - "page": 452 - }, - { - "level": 2, - "title": "Constant Forward Continuous Contracts", - "page": 452 - }, - { - "level": 1, - "title": "Glossary", - "page": 454 - }, - { - "level": 1, - "title": "Selected Bibliography", - "page": 462 - }, - { - "level": 1, - "title": "Selected Resources", - "page": 466 - }, - { - "level": 1, - "title": "Index", - "page": 469 - } - ] - }, - { - "id": "technical_analysis_of_the_financial_market_john_j_murphy", - "title": "Technical Analysis of the Financial Markets", - "author": "John J. Murphy", - "totalPages": 494, - "fileSize": 17534809, - "pdfUrl": "data/pdfs/technical_analysis_of_the_financial_market_john_j_murphy.pdf", - "coverUrl": "data/covers/technical_analysis_of_the_financial_market_john_j_murphy.jpg", - "layoutUrl": "data/layouts/technical_analysis_of_the_financial_market_john_j_murphy.json", - "toc": [ - { - "level": 1, - "title": "Title Page", - "page": 3 - }, - { - "level": 1, - "title": "Copyright", - "page": 4 - }, - { - "level": 1, - "title": "Dedication", - "page": 6 - }, - { - "level": 1, - "title": "Contents", - "page": 7 - }, - { - "level": 1, - "title": "About the Author", - "page": 19 - }, - { - "level": 1, - "title": "About the Contributors", - "page": 20 - }, - { - "level": 1, - "title": "Introduction", - "page": 21 - }, - { - "level": 1, - "title": "Acknowledgments", - "page": 23 - }, - { - "level": 1, - "title": "1 Philosophy of Technical Analysis", - "page": 24 - }, - { - "level": 2, - "title": "Introduction", - "page": 24 - }, - { - "level": 2, - "title": "Philosophy or Rationale", - "page": 24 - }, - { - "level": 2, - "title": "Technical versus Fundamental Forecasting", - "page": 27 - }, - { - "level": 2, - "title": "Analysis versus Timing", - "page": 28 - }, - { - "level": 2, - "title": "Flexibility and Adaptability of Technical Analysis", - "page": 29 - }, - { - "level": 2, - "title": "Technical Analysis Applied to Different Trading Mediums", - "page": 30 - }, - { - "level": 2, - "title": "Technical Analysis Applied to Different Time Dimensions", - "page": 30 - }, - { - "level": 2, - "title": "Economic Forecasting", - "page": 31 - }, - { - "level": 2, - "title": "Technician or Chartist?", - "page": 31 - }, - { - "level": 2, - "title": "A Brief Comparison of Technical Analysis in Stocks and Futures", - "page": 32 - }, - { - "level": 2, - "title": "Less Reliance on Market Averages and Indicators", - "page": 35 - }, - { - "level": 2, - "title": "Some Criticisms of the Technical Approach", - "page": 35 - }, - { - "level": 2, - "title": "Random Walk Theory", - "page": 38 - }, - { - "level": 2, - "title": "Universal Principles", - "page": 40 - }, - { - "level": 1, - "title": "2 Dow Theory", - "page": 41 - }, - { - "level": 2, - "title": "Introduction", - "page": 41 - }, - { - "level": 2, - "title": "Basic Tenets", - "page": 42 - }, - { - "level": 2, - "title": "The Use of Closing Prices and the Presence of Lines", - "page": 47 - }, - { - "level": 2, - "title": "Some Criticisms of Dow Theory", - "page": 48 - }, - { - "level": 2, - "title": "Stocks as Economic Indicators", - "page": 49 - }, - { - "level": 2, - "title": "Dow Theory Applied to Futures Trading", - "page": 49 - }, - { - "level": 2, - "title": "Conclusion", - "page": 50 - }, - { - "level": 1, - "title": "3 Chart Construction", - "page": 51 - }, - { - "level": 2, - "title": "Introduction", - "page": 51 - }, - { - "level": 2, - "title": "Types of Charts Available", - "page": 51 - }, - { - "level": 2, - "title": "Candlesticks", - "page": 53 - }, - { - "level": 2, - "title": "Arithmetic versus Logarithmic Scale", - "page": 54 - }, - { - "level": 2, - "title": "Construction of the Daily Bar Chart", - "page": 55 - }, - { - "level": 2, - "title": "Volume", - "page": 56 - }, - { - "level": 2, - "title": "Futures Open Interest", - "page": 57 - }, - { - "level": 2, - "title": "Weekly and Monthly Bar Charts", - "page": 59 - }, - { - "level": 2, - "title": "Conclusion", - "page": 61 - }, - { - "level": 1, - "title": "4 Basic Concepts of Trend", - "page": 62 - }, - { - "level": 2, - "title": "Definition of Trend", - "page": 62 - }, - { - "level": 2, - "title": "Trend Has Three Directions", - "page": 64 - }, - { - "level": 2, - "title": "Trend Has Three Classifications", - "page": 65 - }, - { - "level": 2, - "title": "Support and Resistance", - "page": 67 - }, - { - "level": 2, - "title": "Trendlines", - "page": 75 - }, - { - "level": 2, - "title": "The Fan Principle", - "page": 83 - }, - { - "level": 2, - "title": "The Importance of the Number Three", - "page": 85 - }, - { - "level": 2, - "title": "The Relative Steepness of the Trendline", - "page": 85 - }, - { - "level": 2, - "title": "The Channel Line", - "page": 89 - }, - { - "level": 2, - "title": "Percentage Retracements", - "page": 94 - }, - { - "level": 2, - "title": "Speed Resistance Lines", - "page": 96 - }, - { - "level": 2, - "title": "Gann and Fibonacci Fan Lines", - "page": 98 - }, - { - "level": 2, - "title": "Internal Trendlines", - "page": 99 - }, - { - "level": 2, - "title": "Reversal Days", - "page": 99 - }, - { - "level": 2, - "title": "Price Gaps", - "page": 102 - }, - { - "level": 2, - "title": "Conclusion", - "page": 105 - }, - { - "level": 1, - "title": "5 Major Reversal Patterns", - "page": 106 - }, - { - "level": 2, - "title": "Introduction", - "page": 106 - }, - { - "level": 2, - "title": "Price Patterns", - "page": 106 - }, - { - "level": 2, - "title": "Two Types of Patterns: Reversal and Continuation", - "page": 107 - }, - { - "level": 2, - "title": "The Head and Shoulders Reversal Pattern", - "page": 109 - }, - { - "level": 2, - "title": "The Importance of Volume", - "page": 113 - }, - { - "level": 2, - "title": "Finding a Price Objective", - "page": 113 - }, - { - "level": 2, - "title": "The Inverse Head and Shoulders", - "page": 115 - }, - { - "level": 2, - "title": "Complex Head and Shoulders Patterns", - "page": 117 - }, - { - "level": 2, - "title": "Triple Tops and Bottoms", - "page": 119 - }, - { - "level": 2, - "title": "Double Tops and Bottoms", - "page": 121 - }, - { - "level": 2, - "title": "Variations from the Ideal Pattern", - "page": 124 - }, - { - "level": 2, - "title": "Saucers and Spikes", - "page": 128 - }, - { - "level": 2, - "title": "Conclusion", - "page": 129 - }, - { - "level": 1, - "title": "6 Continuation Patterns", - "page": 130 - }, - { - "level": 2, - "title": "Introduction", - "page": 130 - }, - { - "level": 2, - "title": "Triangles", - "page": 131 - }, - { - "level": 2, - "title": "The Symmetrical Triangle", - "page": 132 - }, - { - "level": 2, - "title": "The Ascending Triangle", - "page": 135 - }, - { - "level": 2, - "title": "The Descending Triangle", - "page": 137 - }, - { - "level": 2, - "title": "The Broadening Formation", - "page": 139 - }, - { - "level": 2, - "title": "Flags and Pennants", - "page": 140 - }, - { - "level": 2, - "title": "The Wedge Formation", - "page": 144 - }, - { - "level": 2, - "title": "The Rectangle Formation", - "page": 145 - }, - { - "level": 2, - "title": "The Measured Move", - "page": 149 - }, - { - "level": 2, - "title": "The Continuation Head and Shoulders Pattern", - "page": 150 - }, - { - "level": 2, - "title": "Confirmation and Divergence", - "page": 152 - }, - { - "level": 2, - "title": "Conclusion", - "page": 153 - }, - { - "level": 1, - "title": "7 Volume and Open Interest", - "page": 154 - }, - { - "level": 2, - "title": "Introduction", - "page": 154 - }, - { - "level": 2, - "title": "Volume and Open Interest as Secondary Indicators", - "page": 154 - }, - { - "level": 2, - "title": "Interpretation of Volume for All Markets", - "page": 158 - }, - { - "level": 2, - "title": "Interpretation of Open Interest in Futures", - "page": 164 - }, - { - "level": 2, - "title": "Summary of Volume and Open Interest Rules", - "page": 169 - }, - { - "level": 2, - "title": "Blowoffs and Selling Climaxes", - "page": 169 - }, - { - "level": 2, - "title": "Commitments of Traders Report", - "page": 169 - }, - { - "level": 2, - "title": "Watch the Commercials", - "page": 170 - }, - { - "level": 2, - "title": "Net Trader Positions", - "page": 171 - }, - { - "level": 2, - "title": "Open Interest In Options", - "page": 171 - }, - { - "level": 2, - "title": "Put/Call Ratios", - "page": 172 - }, - { - "level": 2, - "title": "Combine Option Sentiment With Technicals", - "page": 173 - }, - { - "level": 2, - "title": "Conclusion", - "page": 173 - }, - { - "level": 1, - "title": "8 Long Term Charts", - "page": 175 - }, - { - "level": 2, - "title": "Introduction", - "page": 175 - }, - { - "level": 2, - "title": "The Importance of Longer Range Perspective", - "page": 175 - }, - { - "level": 2, - "title": "Construction of Continuation Charts for Futures", - "page": 176 - }, - { - "level": 2, - "title": "The Perpetual Contract™", - "page": 177 - }, - { - "level": 2, - "title": "Long Term Trends Dispute Randomness", - "page": 178 - }, - { - "level": 2, - "title": "Patterns on Charts: Weekly and Monthly Reversals", - "page": 178 - }, - { - "level": 2, - "title": "Long Term to Short Term Charts", - "page": 178 - }, - { - "level": 2, - "title": "Why Should Long Range Charts Be Adjusted for Inflation?", - "page": 179 - }, - { - "level": 2, - "title": "Long Term Charts Not Intended for Trading Purposes", - "page": 180 - }, - { - "level": 2, - "title": "Examples of Long Term Charts", - "page": 181 - }, - { - "level": 1, - "title": "9 Moving Averages", - "page": 187 - }, - { - "level": 2, - "title": "Introduction", - "page": 187 - }, - { - "level": 2, - "title": "The Moving Average: A Smoothing Device with a Time Lag", - "page": 188 - }, - { - "level": 2, - "title": "Moving Average Envelopes", - "page": 197 - }, - { - "level": 2, - "title": "Bollinger Bands", - "page": 198 - }, - { - "level": 2, - "title": "Using Bollinger Bands as Targets", - "page": 200 - }, - { - "level": 2, - "title": "Band Width Measures Volatility", - "page": 200 - }, - { - "level": 2, - "title": "Moving Averages Tied to Cycles", - "page": 201 - }, - { - "level": 2, - "title": "Fibonacci Numbers Used as Moving Averages", - "page": 202 - }, - { - "level": 2, - "title": "Moving Averages Applied to Long Term Charts", - "page": 202 - }, - { - "level": 2, - "title": "The Weekly Rule", - "page": 204 - }, - { - "level": 2, - "title": "To Optimize or Not", - "page": 209 - }, - { - "level": 2, - "title": "Summary", - "page": 209 - }, - { - "level": 2, - "title": "The Adaptive Moving Average", - "page": 210 - }, - { - "level": 2, - "title": "Alternatives to the Moving Average", - "page": 210 - }, - { - "level": 1, - "title": "10 Oscillators and Contrary Opinion", - "page": 212 - }, - { - "level": 2, - "title": "Introduction", - "page": 212 - }, - { - "level": 2, - "title": "Oscillator Usage in Conjunction with Trend", - "page": 213 - }, - { - "level": 2, - "title": "Measuring Momentum", - "page": 214 - }, - { - "level": 2, - "title": "Measuring Rate of Change (ROC)", - "page": 219 - }, - { - "level": 2, - "title": "Constructing an Oscillator Using Two Moving Averages", - "page": 219 - }, - { - "level": 2, - "title": "Commodity Channel Index", - "page": 222 - }, - { - "level": 2, - "title": "The Relative Strength Index (RSI)", - "page": 224 - }, - { - "level": 2, - "title": "Using the 70 and 30 Lines to Generate Signals", - "page": 230 - }, - { - "level": 2, - "title": "Stochastics (K%D)", - "page": 230 - }, - { - "level": 2, - "title": "Larry Williams %R", - "page": 233 - }, - { - "level": 2, - "title": "The Importance of Trend", - "page": 234 - }, - { - "level": 2, - "title": "When Oscillators are Most Useful", - "page": 235 - }, - { - "level": 2, - "title": "Moving Average Convergence/Divergence (MACD)", - "page": 236 - }, - { - "level": 2, - "title": "MACD Histogram", - "page": 238 - }, - { - "level": 2, - "title": "Combine Weeklies and Dailies", - "page": 239 - }, - { - "level": 2, - "title": "The Principle of Contrary Opinion in Futures", - "page": 240 - }, - { - "level": 2, - "title": "Investor Sentiment Readings", - "page": 243 - }, - { - "level": 2, - "title": "Investors Intelligence Numbers", - "page": 244 - }, - { - "level": 1, - "title": "11 Point and Figure Charting", - "page": 246 - }, - { - "level": 2, - "title": "Introduction", - "page": 246 - }, - { - "level": 2, - "title": "The Point and Figure Versus the Bar Chart", - "page": 246 - }, - { - "level": 2, - "title": "Construction of the Intraday Point and Figure Chart", - "page": 250 - }, - { - "level": 2, - "title": "The Horizontal Count", - "page": 253 - }, - { - "level": 2, - "title": "Price Patterns", - "page": 254 - }, - { - "level": 2, - "title": "3 Box Reversal Point and Figure Charting", - "page": 256 - }, - { - "level": 2, - "title": "Construction of the 3 Point Reversal Chart", - "page": 257 - }, - { - "level": 2, - "title": "The Drawing of Trendlines", - "page": 261 - }, - { - "level": 2, - "title": "Measuring Techniques", - "page": 264 - }, - { - "level": 2, - "title": "Trading Tactics", - "page": 265 - }, - { - "level": 2, - "title": "Advantages of Point and Figure Charts", - "page": 266 - }, - { - "level": 2, - "title": "P&F Technical Indicators", - "page": 270 - }, - { - "level": 2, - "title": "Computerized P&F Charting", - "page": 270 - }, - { - "level": 2, - "title": "P&F Moving Averages", - "page": 272 - }, - { - "level": 2, - "title": "Conclusion", - "page": 273 - }, - { - "level": 1, - "title": "12 Japanese Candlesticks", - "page": 274 - }, - { - "level": 2, - "title": "Introduction", - "page": 274 - }, - { - "level": 2, - "title": "Candlestick Charting", - "page": 274 - }, - { - "level": 2, - "title": "Basic Candlesticks", - "page": 276 - }, - { - "level": 2, - "title": "Candle Pattern Analysis", - "page": 278 - }, - { - "level": 2, - "title": "Filtered Candle Patterns", - "page": 283 - }, - { - "level": 2, - "title": "Conclusion", - "page": 284 - }, - { - "level": 2, - "title": "Candle Patterns", - "page": 285 - }, - { - "level": 1, - "title": "13 Elliott Wave Theory", - "page": 294 - }, - { - "level": 2, - "title": "Historical Background", - "page": 294 - }, - { - "level": 2, - "title": "Basic Tenets of the Elliott Wave Principle", - "page": 294 - }, - { - "level": 2, - "title": "Connection Between Elliott Wave and Dow Theory", - "page": 298 - }, - { - "level": 2, - "title": "Corrective Waves", - "page": 299 - }, - { - "level": 2, - "title": "The Rule of Alternation", - "page": 307 - }, - { - "level": 2, - "title": "Channeling", - "page": 308 - }, - { - "level": 2, - "title": "Wave 4 as a Support Area", - "page": 309 - }, - { - "level": 2, - "title": "Fibonacci Numbers as the Basis of the Wave Principle", - "page": 309 - }, - { - "level": 2, - "title": "Fibonacci Ratios and Retracements", - "page": 310 - }, - { - "level": 2, - "title": "Fibonacci Time Targets", - "page": 313 - }, - { - "level": 2, - "title": "Combining All Three Aspects of Wave Theory", - "page": 313 - }, - { - "level": 2, - "title": "Elliott Wave Applied to Stocks Versus Commodities", - "page": 315 - }, - { - "level": 2, - "title": "Summary and Conclusions", - "page": 315 - }, - { - "level": 2, - "title": "Reference Material", - "page": 317 - }, - { - "level": 1, - "title": "14 Time Cycles", - "page": 318 - }, - { - "level": 2, - "title": "Introduction", - "page": 318 - }, - { - "level": 2, - "title": "Cycles", - "page": 319 - }, - { - "level": 2, - "title": "How Cyclic Concepts Help Explain Charting Techniques", - "page": 328 - }, - { - "level": 2, - "title": "Dominant Cycles", - "page": 331 - }, - { - "level": 2, - "title": "Combining Cycle Lengths", - "page": 333 - }, - { - "level": 2, - "title": "The Importance of Trend", - "page": 334 - }, - { - "level": 2, - "title": "Left and Right Translation", - "page": 335 - }, - { - "level": 2, - "title": "How to Isolate Cycles", - "page": 335 - }, - { - "level": 2, - "title": "Seasonal Cycles", - "page": 340 - }, - { - "level": 2, - "title": "Stock Market Cycles", - "page": 344 - }, - { - "level": 2, - "title": "The January Barometer", - "page": 344 - }, - { - "level": 2, - "title": "The Presidential Cycle", - "page": 345 - }, - { - "level": 2, - "title": "Combining Cycles with Other Technical Tools", - "page": 345 - }, - { - "level": 2, - "title": "Maximum Entropy Spectral Analysis", - "page": 345 - }, - { - "level": 2, - "title": "Cycle Reading and Software", - "page": 346 - }, - { - "level": 1, - "title": "15 Computers and Trading Systems", - "page": 347 - }, - { - "level": 2, - "title": "Introduction", - "page": 347 - }, - { - "level": 2, - "title": "Some Computer Needs", - "page": 348 - }, - { - "level": 2, - "title": "Grouping Tools and Indicators", - "page": 349 - }, - { - "level": 2, - "title": "Using the Tools and Indicators", - "page": 349 - }, - { - "level": 2, - "title": "Welles Wilder’s Parabolic and Directional Movement Systems", - "page": 350 - }, - { - "level": 2, - "title": "Pros and Cons of System Trading", - "page": 356 - }, - { - "level": 2, - "title": "Need Expert Help?", - "page": 357 - }, - { - "level": 2, - "title": "Test Systems or Create Your Own", - "page": 358 - }, - { - "level": 2, - "title": "Conclusion", - "page": 358 - }, - { - "level": 1, - "title": "16 Money Management and Trading Tactics", - "page": 360 - }, - { - "level": 2, - "title": "Introduction", - "page": 360 - }, - { - "level": 2, - "title": "The Three Elements of Successful Trading", - "page": 360 - }, - { - "level": 2, - "title": "Money Management", - "page": 361 - }, - { - "level": 2, - "title": "Reward to Risk Ratios", - "page": 363 - }, - { - "level": 2, - "title": "Trading Multiple Positions: Trending versus Trading Units", - "page": 364 - }, - { - "level": 2, - "title": "What to Do After Periods of Success and Adversity", - "page": 364 - }, - { - "level": 2, - "title": "Trading Tactics", - "page": 365 - }, - { - "level": 2, - "title": "Combining Technical Factors and Money Management", - "page": 367 - }, - { - "level": 2, - "title": "Types of Trading Orders", - "page": 368 - }, - { - "level": 2, - "title": "From Daily Charts to Intraday Price Charts", - "page": 369 - }, - { - "level": 2, - "title": "The Use of Intraday Pivot Points", - "page": 371 - }, - { - "level": 2, - "title": "Summary of Money Management and Trading Guidelines", - "page": 372 - }, - { - "level": 2, - "title": "Application to Stocks", - "page": 373 - }, - { - "level": 2, - "title": "Asset Allocation", - "page": 373 - }, - { - "level": 2, - "title": "Managed Accounts and Mutual Funds", - "page": 373 - }, - { - "level": 2, - "title": "Market Profile", - "page": 374 - }, - { - "level": 1, - "title": "17 The Link Between Stocks and Futures: Intermarket Analysis", - "page": 375 - }, - { - "level": 2, - "title": "Intermarket Analysis", - "page": 376 - }, - { - "level": 2, - "title": "Program Trading: The Ultimate Link", - "page": 376 - }, - { - "level": 2, - "title": "The Link Between Bonds and Stocks", - "page": 378 - }, - { - "level": 2, - "title": "The Link Between Bonds and Commodities", - "page": 379 - }, - { - "level": 2, - "title": "The Link Between Commodities and the Dollar", - "page": 379 - }, - { - "level": 2, - "title": "Stock Sectors and Industry Groups", - "page": 381 - }, - { - "level": 2, - "title": "The Dollar and Large Caps", - "page": 382 - }, - { - "level": 2, - "title": "Intermarket Analysis and Mutual Funds", - "page": 382 - }, - { - "level": 2, - "title": "Relative Strength Analysis", - "page": 383 - }, - { - "level": 2, - "title": "Relative Strength and Sectors", - "page": 385 - }, - { - "level": 2, - "title": "Relative Strength and Individual Stocks", - "page": 386 - }, - { - "level": 2, - "title": "Top-Down Market Approach", - "page": 386 - }, - { - "level": 2, - "title": "Deflation Scenario", - "page": 387 - }, - { - "level": 2, - "title": "Intermarket Correlation", - "page": 388 - }, - { - "level": 2, - "title": "Intermarket Neural Network Software", - "page": 389 - }, - { - "level": 2, - "title": "Conclusion", - "page": 389 - }, - { - "level": 1, - "title": "18 Stock Market Indicators", - "page": 391 - }, - { - "level": 2, - "title": "Measuring Market Breadth", - "page": 391 - }, - { - "level": 2, - "title": "Sample Data", - "page": 391 - }, - { - "level": 2, - "title": "Comparing Market Averages", - "page": 392 - }, - { - "level": 2, - "title": "The Advance-Decline Line", - "page": 393 - }, - { - "level": 2, - "title": "AD Divergence", - "page": 394 - }, - { - "level": 2, - "title": "Daily Versus Weekly AD Lines", - "page": 394 - }, - { - "level": 2, - "title": "Variations in AD Line", - "page": 395 - }, - { - "level": 2, - "title": "McClellan Oscillator", - "page": 395 - }, - { - "level": 2, - "title": "McClellan Summation Index", - "page": 396 - }, - { - "level": 2, - "title": "New Highs Versus New Lows", - "page": 397 - }, - { - "level": 2, - "title": "New High-New Low Index", - "page": 398 - }, - { - "level": 2, - "title": "Upside Versus Downside Volume", - "page": 399 - }, - { - "level": 2, - "title": "The Arms Index", - "page": 400 - }, - { - "level": 2, - "title": "TRIN Versus TICK", - "page": 401 - }, - { - "level": 2, - "title": "Smoothing the Arms Index", - "page": 401 - }, - { - "level": 2, - "title": "Open Arms", - "page": 402 - }, - { - "level": 2, - "title": "Equivolume Charting", - "page": 402 - }, - { - "level": 2, - "title": "Candlepower", - "page": 404 - }, - { - "level": 2, - "title": "Comparing Market Averages", - "page": 405 - }, - { - "level": 2, - "title": "Conclusion", - "page": 407 - }, - { - "level": 1, - "title": "19 Pulling It All Together—A Checklist", - "page": 408 - }, - { - "level": 2, - "title": "Technical Checklist", - "page": 408 - }, - { - "level": 2, - "title": "How to Coordinate Technical and Fundamental Analysis", - "page": 410 - }, - { - "level": 2, - "title": "Chartered Market Technician (CMT)", - "page": 410 - }, - { - "level": 2, - "title": "Market Technicians Association (MTA)", - "page": 411 - }, - { - "level": 2, - "title": "The Global Reach of Technical Analysis", - "page": 411 - }, - { - "level": 2, - "title": "Technical Analysis by Any Name", - "page": 412 - }, - { - "level": 2, - "title": "Federal Reserve Finally Approves", - "page": 412 - }, - { - "level": 2, - "title": "Conclusion", - "page": 413 - }, - { - "level": 1, - "title": "A Advanced Technical Indicators", - "page": 416 - }, - { - "level": 2, - "title": "Demand Index (DI)", - "page": 416 - }, - { - "level": 2, - "title": "Herrick Payoff Index (HPI)", - "page": 418 - }, - { - "level": 2, - "title": "Starc Bands and Keltner Channels", - "page": 420 - }, - { - "level": 2, - "title": "Formula for Demand Index", - "page": 423 - }, - { - "level": 1, - "title": "B Market Profile", - "page": 425 - }, - { - "level": 2, - "title": "Introduction", - "page": 425 - }, - { - "level": 2, - "title": "Market Profile Graphic", - "page": 427 - }, - { - "level": 2, - "title": "Market Structure", - "page": 428 - }, - { - "level": 2, - "title": "Market Profile Organizing Principles", - "page": 429 - }, - { - "level": 2, - "title": "Range Development and Profile Patterns", - "page": 433 - }, - { - "level": 2, - "title": "Tracking Longer Term Market Activity", - "page": 434 - }, - { - "level": 2, - "title": "Conclusion", - "page": 438 - }, - { - "level": 1, - "title": "C The Essentials of Building a Trading System", - "page": 440 - }, - { - "level": 2, - "title": "5-Step Plan", - "page": 441 - }, - { - "level": 2, - "title": "Step 1: Start with a Concept (an Idea)", - "page": 441 - }, - { - "level": 2, - "title": "Step 2: Turn Your Idea into a Set of Objective Rules", - "page": 443 - }, - { - "level": 2, - "title": "Step 3: Visually Check It Out on the Charts", - "page": 443 - }, - { - "level": 2, - "title": "Step 4: Formally Test It with a Computer", - "page": 443 - }, - { - "level": 2, - "title": "Step 5: Evaluate Results", - "page": 446 - }, - { - "level": 2, - "title": "Money Management", - "page": 446 - }, - { - "level": 2, - "title": "Conclusion", - "page": 447 - }, - { - "level": 1, - "title": "D Continuous Futures Contracts", - "page": 450 - }, - { - "level": 2, - "title": "Nearest Contract", - "page": 450 - }, - { - "level": 2, - "title": "Next Contract", - "page": 451 - }, - { - "level": 2, - "title": "Gann Contract", - "page": 451 - }, - { - "level": 2, - "title": "Continuous Contracts", - "page": 452 - }, - { - "level": 2, - "title": "Constant Forward Continuous Contracts", - "page": 452 - }, - { - "level": 1, - "title": "Glossary", - "page": 454 - }, - { - "level": 1, - "title": "Selected Bibliography", - "page": 462 - }, - { - "level": 1, - "title": "Selected Resources", - "page": 466 - }, - { - "level": 1, - "title": "Index", - "page": 469 - } - ] - }, - { - "id": "the_new_trading_for_a_living", - "title": "The New Trading for a Living", - "author": "Alexander Elder", - "totalPages": 303, - "fileSize": 15716534, - "pdfUrl": "data/pdfs/the_new_trading_for_a_living.pdf", - "coverUrl": "data/covers/the_new_trading_for_a_living.jpg", - "layoutUrl": "data/layouts/the_new_trading_for_a_living.json", - "toc": [ - { - "level": 1, - "title": "The New Trading for a Living", - "page": 3 - }, - { - "level": 1, - "title": "CONTENTS", - "page": 9 - }, - { - "level": 1, - "title": "PREFACE", - "page": 13 - }, - { - "level": 1, - "title": "Introduction", - "page": 17 - }, - { - "level": 2, - "title": "1. Trading—The Last Frontier", - "page": 17 - }, - { - "level": 3, - "title": "How I Began to Trade", - "page": 17 - }, - { - "level": 3, - "title": "Do You Really Want to Succeed?", - "page": 18 - }, - { - "level": 2, - "title": "2. Psychology Is the Key", - "page": 19 - }, - { - "level": 3, - "title": "Getting Off the Roller Coaster", - "page": 19 - }, - { - "level": 3, - "title": "A Man’s Game?", - "page": 19 - }, - { - "level": 3, - "title": "How This Book Is Organized", - "page": 20 - }, - { - "level": 2, - "title": "3. The Odds against You", - "page": 21 - }, - { - "level": 3, - "title": "A Minus-Sum Game", - "page": 21 - }, - { - "level": 3, - "title": "Commissions", - "page": 22 - }, - { - "level": 3, - "title": "Slippage", - "page": 23 - }, - { - "level": 3, - "title": "Bid-Ask Spreads", - "page": 24 - }, - { - "level": 3, - "title": "The Barriers to Success", - "page": 24 - }, - { - "level": 1, - "title": "PART 1 Individual Psychology", - "page": 25 - }, - { - "level": 2, - "title": "4. Why Trade?", - "page": 25 - }, - { - "level": 3, - "title": "Self-Fulfillment", - "page": 25 - }, - { - "level": 2, - "title": "5. Reality versus Fantasy", - "page": 26 - }, - { - "level": 3, - "title": "The Brain Myth", - "page": 27 - }, - { - "level": 3, - "title": "The Undercapitalization Myth", - "page": 27 - }, - { - "level": 3, - "title": "The Autopilot Myth", - "page": 28 - }, - { - "level": 3, - "title": "The Cult of Personality", - "page": 29 - }, - { - "level": 3, - "title": "Trade with Your Eyes Open", - "page": 32 - }, - { - "level": 2, - "title": "6. Self-Destructiveness", - "page": 32 - }, - { - "level": 3, - "title": "Gambling", - "page": 33 - }, - { - "level": 3, - "title": "Self-Sabotage", - "page": 33 - }, - { - "level": 3, - "title": "The Demolition Derby", - "page": 34 - }, - { - "level": 3, - "title": "Controlling Self-Destructiveness", - "page": 35 - }, - { - "level": 2, - "title": "7. Trading Psychology", - "page": 35 - }, - { - "level": 3, - "title": "Bending the Rules", - "page": 35 - }, - { - "level": 3, - "title": "The Insight That Changed My Trading", - "page": 36 - }, - { - "level": 2, - "title": "8. Trading Lessons from AA", - "page": 37 - }, - { - "level": 3, - "title": "Denial", - "page": 37 - }, - { - "level": 3, - "title": "Rock Bottom", - "page": 38 - }, - { - "level": 3, - "title": "The First Step", - "page": 38 - }, - { - "level": 3, - "title": "One Day at a Time", - "page": 38 - }, - { - "level": 3, - "title": "An AA Meeting", - "page": 39 - }, - { - "level": 2, - "title": "9. Losers Anonymous", - "page": 39 - }, - { - "level": 3, - "title": "The Urge to Trade", - "page": 39 - }, - { - "level": 3, - "title": "Into the Hole", - "page": 40 - }, - { - "level": 3, - "title": "Trader’s Rock Bottom", - "page": 40 - }, - { - "level": 3, - "title": "Trader’s First Step", - "page": 41 - }, - { - "level": 3, - "title": "A Meeting for One", - "page": 42 - }, - { - "level": 2, - "title": "10. Winners and Losers", - "page": 43 - }, - { - "level": 3, - "title": "Like an Ocean", - "page": 43 - }, - { - "level": 3, - "title": "Emotional Trading", - "page": 44 - }, - { - "level": 3, - "title": "In Charge of Your Life", - "page": 45 - }, - { - "level": 1, - "title": "PART 2 Mass Psychology", - "page": 47 - }, - { - "level": 2, - "title": "11. What Is Price?", - "page": 48 - }, - { - "level": 3, - "title": "A Consensus of Value", - "page": 48 - }, - { - "level": 3, - "title": "Behavior Patterns", - "page": 48 - }, - { - "level": 2, - "title": "12. What Is the Market?", - "page": 49 - }, - { - "level": 3, - "title": "Worldwide Crowds", - "page": 50 - }, - { - "level": 3, - "title": "Groups, Not Individuals", - "page": 50 - }, - { - "level": 3, - "title": "The Source of Money", - "page": 50 - }, - { - "level": 3, - "title": "Inside Information", - "page": 51 - }, - { - "level": 2, - "title": "13. The Trading Scene", - "page": 52 - }, - { - "level": 3, - "title": "Individual Traders", - "page": 52 - }, - { - "level": 3, - "title": "Institutional Traders", - "page": 53 - }, - { - "level": 3, - "title": "The Sword Makers", - "page": 54 - }, - { - "level": 3, - "title": "Advisors", - "page": 55 - }, - { - "level": 2, - "title": "14. The Market Crowd and You", - "page": 55 - }, - { - "level": 3, - "title": "Experts on Crowds", - "page": 56 - }, - { - "level": 3, - "title": "Why Join?", - "page": 56 - }, - { - "level": 3, - "title": "Crowd Mentality", - "page": 57 - }, - { - "level": 3, - "title": "Who Leads?", - "page": 57 - }, - { - "level": 3, - "title": "Independence", - "page": 58 - }, - { - "level": 3, - "title": "A Positive Group", - "page": 58 - }, - { - "level": 2, - "title": "15. Psychology of Trends", - "page": 59 - }, - { - "level": 3, - "title": "Strong Feelings", - "page": 59 - }, - { - "level": 3, - "title": "Rallies and Declines", - "page": 60 - }, - { - "level": 3, - "title": "Price Shocks", - "page": 60 - }, - { - "level": 3, - "title": "Social Psychology", - "page": 61 - }, - { - "level": 2, - "title": "16. Managing versus Forecasting", - "page": 62 - }, - { - "level": 3, - "title": "Poll-Taking", - "page": 63 - }, - { - "level": 3, - "title": "A Crystal Ball", - "page": 63 - }, - { - "level": 3, - "title": "Read the Market, Manage Yourself", - "page": 64 - }, - { - "level": 1, - "title": "PART 3 Classical Chart Analysis", - "page": 65 - }, - { - "level": 2, - "title": "17. Charting", - "page": 66 - }, - { - "level": 3, - "title": "Brief History", - "page": 66 - }, - { - "level": 3, - "title": "The Meaning of a Bar Chart", - "page": 67 - }, - { - "level": 3, - "title": "Japanese Candlesticks", - "page": 69 - }, - { - "level": 3, - "title": "Efficient Markets, Random Walk, Chaos Theory, and “Nature’s Law”", - "page": 70 - }, - { - "level": 2, - "title": "18. Support and Resistance", - "page": 71 - }, - { - "level": 3, - "title": "Memories, Pain, and Regret", - "page": 72 - }, - { - "level": 3, - "title": "Strength of Support and Resistance", - "page": 74 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 74 - }, - { - "level": 3, - "title": "True and False Breakouts", - "page": 75 - }, - { - "level": 2, - "title": "19. Trends and Trading Ranges", - "page": 76 - }, - { - "level": 3, - "title": "Mass Psychology", - "page": 78 - }, - { - "level": 3, - "title": "The Hard Right Edge", - "page": 78 - }, - { - "level": 3, - "title": "Methods and Techniques", - "page": 78 - }, - { - "level": 3, - "title": "Trade or Wait", - "page": 80 - }, - { - "level": 3, - "title": "Conflicting Timeframes", - "page": 80 - }, - { - "level": 2, - "title": "20. Kangaroo Tails", - "page": 81 - }, - { - "level": 1, - "title": "PART 4 Computerized Technical Analysis", - "page": 85 - }, - { - "level": 2, - "title": "21. Computers in Trading", - "page": 85 - }, - { - "level": 3, - "title": "Toolboxes", - "page": 86 - }, - { - "level": 3, - "title": "Black Boxes and Gray Boxes", - "page": 87 - }, - { - "level": 3, - "title": "Computers", - "page": 87 - }, - { - "level": 3, - "title": "Market Data", - "page": 88 - }, - { - "level": 3, - "title": "Three Major Groups of Indicators", - "page": 89 - }, - { - "level": 2, - "title": "22. Moving Averages", - "page": 90 - }, - { - "level": 3, - "title": "Twice as Much Bark", - "page": 91 - }, - { - "level": 3, - "title": "Market Psychology", - "page": 91 - }, - { - "level": 3, - "title": "Exponential Moving Averages", - "page": 92 - }, - { - "level": 3, - "title": "Choosing the Length of a Moving Average", - "page": 92 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 93 - }, - { - "level": 3, - "title": "More on Moving Averages", - "page": 94 - }, - { - "level": 3, - "title": "Dual EMAs", - "page": 94 - }, - { - "level": 3, - "title": "Moving Averages and Channels", - "page": 95 - }, - { - "level": 3, - "title": "Prices, Values, and the Value Zone", - "page": 95 - }, - { - "level": 2, - "title": "23. Moving Average Convergence-Divergence: MACD Lines and MACD-Histogram", - "page": 96 - }, - { - "level": 3, - "title": "How to Create MACD", - "page": 97 - }, - { - "level": 3, - "title": "Market Psychology", - "page": 97 - }, - { - "level": 3, - "title": "Trading Rules for MACD Lines", - "page": 97 - }, - { - "level": 3, - "title": "More on MACD Lines", - "page": 98 - }, - { - "level": 3, - "title": "MACD-Histogram", - "page": 99 - }, - { - "level": 3, - "title": "Market Psychology", - "page": 100 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 100 - }, - { - "level": 3, - "title": "When to Expect a New Peak or Valley", - "page": 101 - }, - { - "level": 3, - "title": "More on MACD-Histogram", - "page": 101 - }, - { - "level": 3, - "title": "Divergences", - "page": 102 - }, - { - "level": 3, - "title": "The Hound of the Baskervilles", - "page": 105 - }, - { - "level": 2, - "title": "24. The Directional System", - "page": 105 - }, - { - "level": 3, - "title": "How to Construct the Directional System", - "page": 105 - }, - { - "level": 3, - "title": "Crowd Behavior", - "page": 107 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 109 - }, - { - "level": 3, - "title": "Average True Range—Help from Volatility", - "page": 109 - }, - { - "level": 2, - "title": "25. Oscillators", - "page": 111 - }, - { - "level": 3, - "title": "Overbought and Oversold", - "page": 111 - }, - { - "level": 2, - "title": "26. Stochastic", - "page": 111 - }, - { - "level": 3, - "title": "Crowd Psychology", - "page": 112 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 113 - }, - { - "level": 3, - "title": "More on Stochastic", - "page": 115 - }, - { - "level": 2, - "title": "27. Relative Strength Index", - "page": 115 - }, - { - "level": 3, - "title": "Mass Psychology", - "page": 116 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 117 - }, - { - "level": 1, - "title": "PART 5 Volume and Time", - "page": 119 - }, - { - "level": 2, - "title": "28. Volume", - "page": 119 - }, - { - "level": 3, - "title": "Crowd Psychology", - "page": 121 - }, - { - "level": 3, - "title": "Trading Pointers", - "page": 122 - }, - { - "level": 2, - "title": "29. Volume-Based Indicators", - "page": 123 - }, - { - "level": 3, - "title": "On-Balance Volume", - "page": 123 - }, - { - "level": 3, - "title": "Crowd Psychology", - "page": 124 - }, - { - "level": 3, - "title": "Trading Signals", - "page": 124 - }, - { - "level": 3, - "title": "More on OBV", - "page": 124 - }, - { - "level": 3, - "title": "Accumulation/Distribution", - "page": 126 - }, - { - "level": 3, - "title": "Crowd Behavior", - "page": 126 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 127 - }, - { - "level": 3, - "title": "More on Accumulation/Distribution", - "page": 128 - }, - { - "level": 2, - "title": "30. Force Index", - "page": 128 - }, - { - "level": 3, - "title": "How to Construct Force Index", - "page": 128 - }, - { - "level": 3, - "title": "Trading Psychology", - "page": 129 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 129 - }, - { - "level": 2, - "title": "31. Open Interest", - "page": 133 - }, - { - "level": 3, - "title": "Crowd Psychology", - "page": 134 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 136 - }, - { - "level": 3, - "title": "More on Open Interest", - "page": 137 - }, - { - "level": 2, - "title": "32. Time", - "page": 137 - }, - { - "level": 3, - "title": "Cycles", - "page": 138 - }, - { - "level": 3, - "title": "Indicator Seasons", - "page": 138 - }, - { - "level": 3, - "title": "Market Time", - "page": 140 - }, - { - "level": 3, - "title": "The Factor of Five", - "page": 141 - }, - { - "level": 2, - "title": "33. Trading Timeframes", - "page": 142 - }, - { - "level": 3, - "title": "Investing", - "page": 142 - }, - { - "level": 3, - "title": "Swing Trading", - "page": 144 - }, - { - "level": 3, - "title": "Day-Trading", - "page": 147 - }, - { - "level": 1, - "title": "PART 6 General Market Indicators", - "page": 149 - }, - { - "level": 2, - "title": "34. The New High–New Low Index", - "page": 149 - }, - { - "level": 3, - "title": "How to Construct NH-NL", - "page": 150 - }, - { - "level": 3, - "title": "Crowd Psychology", - "page": 150 - }, - { - "level": 3, - "title": "Trading Rules for NH-NL", - "page": 151 - }, - { - "level": 3, - "title": "NH-NL in Multiple Timeframes and Look-Back Periods", - "page": 153 - }, - { - "level": 2, - "title": "35. Stocks above 50-Day MA", - "page": 155 - }, - { - "level": 2, - "title": "36. Other Stock Market Indicators", - "page": 156 - }, - { - "level": 3, - "title": "Advance/Decline", - "page": 156 - }, - { - "level": 2, - "title": "37. Consensus and Commitment Indicators", - "page": 158 - }, - { - "level": 3, - "title": "Tracking Advisory Opinion", - "page": 159 - }, - { - "level": 3, - "title": "Signals from the Press", - "page": 160 - }, - { - "level": 3, - "title": "Signals from Advertisers", - "page": 160 - }, - { - "level": 3, - "title": "Commitments of Futures Traders", - "page": 161 - }, - { - "level": 3, - "title": "Legal Insider Trading", - "page": 163 - }, - { - "level": 3, - "title": "Short Interest", - "page": 163 - }, - { - "level": 1, - "title": "PART 7 Trading Systems", - "page": 165 - }, - { - "level": 2, - "title": "38. System Testing, Paper Trading, and the Three Key Demands for Every Trade", - "page": 167 - }, - { - "level": 3, - "title": "Paper Trading", - "page": 168 - }, - { - "level": 3, - "title": "Three Key Demands for Every Trade", - "page": 169 - }, - { - "level": 2, - "title": "39. Triple Screen Trading System", - "page": 170 - }, - { - "level": 3, - "title": "Trend-Following Indicators and Oscillators", - "page": 171 - }, - { - "level": 3, - "title": "Choosing Timeframes—the Factor of Five", - "page": 171 - }, - { - "level": 3, - "title": "First Screen—Market Tide", - "page": 172 - }, - { - "level": 3, - "title": "Second Screen—Market Wave", - "page": 174 - }, - { - "level": 3, - "title": "Third Screen—Entry Technique", - "page": 174 - }, - { - "level": 3, - "title": "Triple Screen Summary", - "page": 176 - }, - { - "level": 3, - "title": "Triple Screen in Day-Trading", - "page": 177 - }, - { - "level": 3, - "title": "Stops and Profit Targets", - "page": 178 - }, - { - "level": 2, - "title": "40. The Impulse System", - "page": 178 - }, - { - "level": 3, - "title": "Entries", - "page": 180 - }, - { - "level": 3, - "title": "Exits", - "page": 182 - }, - { - "level": 2, - "title": "41. Channel Trading Systems", - "page": 182 - }, - { - "level": 3, - "title": "Two Ways to Construct a Channel", - "page": 183 - }, - { - "level": 3, - "title": "Symmetrical Channels", - "page": 183 - }, - { - "level": 3, - "title": "Mass Psychology", - "page": 184 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 186 - }, - { - "level": 3, - "title": "Standard Deviation Channels (Bollinger Bands)", - "page": 188 - }, - { - "level": 1, - "title": "PART 8 Trading Vehicles", - "page": 189 - }, - { - "level": 2, - "title": "42. Stocks", - "page": 191 - }, - { - "level": 2, - "title": "43. ETFs", - "page": 192 - }, - { - "level": 2, - "title": "44. Options", - "page": 194 - }, - { - "level": 3, - "title": "Buying Options", - "page": 196 - }, - { - "level": 3, - "title": "Writing Options", - "page": 197 - }, - { - "level": 3, - "title": "Writer’s Choice", - "page": 198 - }, - { - "level": 3, - "title": "Limiting Risk", - "page": 199 - }, - { - "level": 3, - "title": "Can Option Buying Be Intelligent?", - "page": 201 - }, - { - "level": 2, - "title": "45. CFDs", - "page": 202 - }, - { - "level": 2, - "title": "46. Futures", - "page": 203 - }, - { - "level": 3, - "title": "Futures and Cash Trades", - "page": 204 - }, - { - "level": 3, - "title": "Hedging", - "page": 205 - }, - { - "level": 3, - "title": "Supply, Demand, and Seasonality", - "page": 206 - }, - { - "level": 3, - "title": "Floors and Ceilings", - "page": 207 - }, - { - "level": 3, - "title": "Contango, Inversion, and Spreads", - "page": 207 - }, - { - "level": 3, - "title": "Commitments of Traders", - "page": 208 - }, - { - "level": 3, - "title": "Margins and Risk Control", - "page": 209 - }, - { - "level": 2, - "title": "47. Forex", - "page": 210 - }, - { - "level": 1, - "title": "PART 9 Risk Management", - "page": 213 - }, - { - "level": 2, - "title": "48. Emotions and Probabilities", - "page": 213 - }, - { - "level": 3, - "title": "Why Johnny Can’t Sell", - "page": 214 - }, - { - "level": 3, - "title": "Probability and Innumeracy", - "page": 216 - }, - { - "level": 3, - "title": "A Positive Expectation", - "page": 217 - }, - { - "level": 3, - "title": "Businessman’s Risk or Loss", - "page": 217 - }, - { - "level": 2, - "title": "49. The Two Main Rules of Risk Control", - "page": 218 - }, - { - "level": 3, - "title": "The Two Worst Mistakes", - "page": 218 - }, - { - "level": 2, - "title": "50. The Two Percent Rule", - "page": 219 - }, - { - "level": 3, - "title": "The Iron Triangle of Risk Control", - "page": 220 - }, - { - "level": 3, - "title": "The 2% Rule in the Futures Markets", - "page": 221 - }, - { - "level": 2, - "title": "51. The Six Percent Rule", - "page": 224 - }, - { - "level": 3, - "title": "The Concept of Available Risk", - "page": 224 - }, - { - "level": 2, - "title": "52. A Comeback from a Drawdown", - "page": 226 - }, - { - "level": 3, - "title": "A Trading Manager", - "page": 228 - }, - { - "level": 1, - "title": "PART 10 Practical Details", - "page": 231 - }, - { - "level": 2, - "title": "53. How to Set Profit Targets: “Enough” Is the Power Word", - "page": 231 - }, - { - "level": 2, - "title": "54. How to Set Stops: Say No to Wishful Thinking", - "page": 235 - }, - { - "level": 3, - "title": "Place Stops outside the Zone of “Market Noise”", - "page": 236 - }, - { - "level": 3, - "title": "Don’t Place Your Stops at Obvious Levels", - "page": 236 - }, - { - "level": 3, - "title": "Don’t Let a Winning Trade Turn into a Loss", - "page": 239 - }, - { - "level": 3, - "title": "Move Your Stop Only in the Direction of Your Trade", - "page": 240 - }, - { - "level": 3, - "title": "Catastrophic Stops: A Professional’s Life Jacket", - "page": 240 - }, - { - "level": 3, - "title": "Stops and Overnight Gaps: Only for the Pros", - "page": 241 - }, - { - "level": 2, - "title": "55. Is This an A-Trade?", - "page": 241 - }, - { - "level": 2, - "title": "56. Scanning for Possible Trades", - "page": 246 - }, - { - "level": 1, - "title": "PART 11 Good Record-Keeping", - "page": 249 - }, - { - "level": 2, - "title": "57. Your Daily Homework", - "page": 250 - }, - { - "level": 3, - "title": "Are You Ready to Trade Today?", - "page": 252 - }, - { - "level": 2, - "title": "58. Creating and Scoring Trade Plans", - "page": 254 - }, - { - "level": 3, - "title": "Scoring Your Trade Plans (a Trade Apgar)", - "page": 254 - }, - { - "level": 3, - "title": "Using a Tradebill", - "page": 256 - }, - { - "level": 2, - "title": "59. Trade Journal", - "page": 259 - }, - { - "level": 3, - "title": "Three Benefits", - "page": 261 - }, - { - "level": 1, - "title": "CONCLUSION A Journey without an End: How to Continue Learning", - "page": 265 - }, - { - "level": 1, - "title": "Sources", - "page": 269 - }, - { - "level": 1, - "title": "Acknowledgments", - "page": 273 - }, - { - "level": 1, - "title": "About the Author", - "page": 275 - }, - { - "level": 1, - "title": "INDEX", - "page": 277 - }, - { - "level": 1, - "title": "EULA", - "page": 303 - } - ] - }, - { - "id": "the_new_trading_for_a_living", - "title": "The New Trading for a Living", - "author": "Alexander Elder", - "totalPages": 303, - "fileSize": 15716534, - "pdfUrl": "data/pdfs/the_new_trading_for_a_living.pdf", - "coverUrl": "data/covers/the_new_trading_for_a_living.jpg", - "layoutUrl": "data/layouts/the_new_trading_for_a_living.json", - "toc": [ - { - "level": 1, - "title": "The New Trading for a Living", - "page": 3 - }, - { - "level": 1, - "title": "CONTENTS", - "page": 9 - }, - { - "level": 1, - "title": "PREFACE", - "page": 13 - }, - { - "level": 1, - "title": "Introduction", - "page": 17 - }, - { - "level": 2, - "title": "1. Trading—The Last Frontier", - "page": 17 - }, - { - "level": 3, - "title": "How I Began to Trade", - "page": 17 - }, - { - "level": 3, - "title": "Do You Really Want to Succeed?", - "page": 18 - }, - { - "level": 2, - "title": "2. Psychology Is the Key", - "page": 19 - }, - { - "level": 3, - "title": "Getting Off the Roller Coaster", - "page": 19 - }, - { - "level": 3, - "title": "A Man’s Game?", - "page": 19 - }, - { - "level": 3, - "title": "How This Book Is Organized", - "page": 20 - }, - { - "level": 2, - "title": "3. The Odds against You", - "page": 21 - }, - { - "level": 3, - "title": "A Minus-Sum Game", - "page": 21 - }, - { - "level": 3, - "title": "Commissions", - "page": 22 - }, - { - "level": 3, - "title": "Slippage", - "page": 23 - }, - { - "level": 3, - "title": "Bid-Ask Spreads", - "page": 24 - }, - { - "level": 3, - "title": "The Barriers to Success", - "page": 24 - }, - { - "level": 1, - "title": "PART 1 Individual Psychology", - "page": 25 - }, - { - "level": 2, - "title": "4. Why Trade?", - "page": 25 - }, - { - "level": 3, - "title": "Self-Fulfillment", - "page": 25 - }, - { - "level": 2, - "title": "5. Reality versus Fantasy", - "page": 26 - }, - { - "level": 3, - "title": "The Brain Myth", - "page": 27 - }, - { - "level": 3, - "title": "The Undercapitalization Myth", - "page": 27 - }, - { - "level": 3, - "title": "The Autopilot Myth", - "page": 28 - }, - { - "level": 3, - "title": "The Cult of Personality", - "page": 29 - }, - { - "level": 3, - "title": "Trade with Your Eyes Open", - "page": 32 - }, - { - "level": 2, - "title": "6. Self-Destructiveness", - "page": 32 - }, - { - "level": 3, - "title": "Gambling", - "page": 33 - }, - { - "level": 3, - "title": "Self-Sabotage", - "page": 33 - }, - { - "level": 3, - "title": "The Demolition Derby", - "page": 34 - }, - { - "level": 3, - "title": "Controlling Self-Destructiveness", - "page": 35 - }, - { - "level": 2, - "title": "7. Trading Psychology", - "page": 35 - }, - { - "level": 3, - "title": "Bending the Rules", - "page": 35 - }, - { - "level": 3, - "title": "The Insight That Changed My Trading", - "page": 36 - }, - { - "level": 2, - "title": "8. Trading Lessons from AA", - "page": 37 - }, - { - "level": 3, - "title": "Denial", - "page": 37 - }, - { - "level": 3, - "title": "Rock Bottom", - "page": 38 - }, - { - "level": 3, - "title": "The First Step", - "page": 38 - }, - { - "level": 3, - "title": "One Day at a Time", - "page": 38 - }, - { - "level": 3, - "title": "An AA Meeting", - "page": 39 - }, - { - "level": 2, - "title": "9. Losers Anonymous", - "page": 39 - }, - { - "level": 3, - "title": "The Urge to Trade", - "page": 39 - }, - { - "level": 3, - "title": "Into the Hole", - "page": 40 - }, - { - "level": 3, - "title": "Trader’s Rock Bottom", - "page": 40 - }, - { - "level": 3, - "title": "Trader’s First Step", - "page": 41 - }, - { - "level": 3, - "title": "A Meeting for One", - "page": 42 - }, - { - "level": 2, - "title": "10. Winners and Losers", - "page": 43 - }, - { - "level": 3, - "title": "Like an Ocean", - "page": 43 - }, - { - "level": 3, - "title": "Emotional Trading", - "page": 44 - }, - { - "level": 3, - "title": "In Charge of Your Life", - "page": 45 - }, - { - "level": 1, - "title": "PART 2 Mass Psychology", - "page": 47 - }, - { - "level": 2, - "title": "11. What Is Price?", - "page": 48 - }, - { - "level": 3, - "title": "A Consensus of Value", - "page": 48 - }, - { - "level": 3, - "title": "Behavior Patterns", - "page": 48 - }, - { - "level": 2, - "title": "12. What Is the Market?", - "page": 49 - }, - { - "level": 3, - "title": "Worldwide Crowds", - "page": 50 - }, - { - "level": 3, - "title": "Groups, Not Individuals", - "page": 50 - }, - { - "level": 3, - "title": "The Source of Money", - "page": 50 - }, - { - "level": 3, - "title": "Inside Information", - "page": 51 - }, - { - "level": 2, - "title": "13. The Trading Scene", - "page": 52 - }, - { - "level": 3, - "title": "Individual Traders", - "page": 52 - }, - { - "level": 3, - "title": "Institutional Traders", - "page": 53 - }, - { - "level": 3, - "title": "The Sword Makers", - "page": 54 - }, - { - "level": 3, - "title": "Advisors", - "page": 55 - }, - { - "level": 2, - "title": "14. The Market Crowd and You", - "page": 55 - }, - { - "level": 3, - "title": "Experts on Crowds", - "page": 56 - }, - { - "level": 3, - "title": "Why Join?", - "page": 56 - }, - { - "level": 3, - "title": "Crowd Mentality", - "page": 57 - }, - { - "level": 3, - "title": "Who Leads?", - "page": 57 - }, - { - "level": 3, - "title": "Independence", - "page": 58 - }, - { - "level": 3, - "title": "A Positive Group", - "page": 58 - }, - { - "level": 2, - "title": "15. Psychology of Trends", - "page": 59 - }, - { - "level": 3, - "title": "Strong Feelings", - "page": 59 - }, - { - "level": 3, - "title": "Rallies and Declines", - "page": 60 - }, - { - "level": 3, - "title": "Price Shocks", - "page": 60 - }, - { - "level": 3, - "title": "Social Psychology", - "page": 61 - }, - { - "level": 2, - "title": "16. Managing versus Forecasting", - "page": 62 - }, - { - "level": 3, - "title": "Poll-Taking", - "page": 63 - }, - { - "level": 3, - "title": "A Crystal Ball", - "page": 63 - }, - { - "level": 3, - "title": "Read the Market, Manage Yourself", - "page": 64 - }, - { - "level": 1, - "title": "PART 3 Classical Chart Analysis", - "page": 65 - }, - { - "level": 2, - "title": "17. Charting", - "page": 66 - }, - { - "level": 3, - "title": "Brief History", - "page": 66 - }, - { - "level": 3, - "title": "The Meaning of a Bar Chart", - "page": 67 - }, - { - "level": 3, - "title": "Japanese Candlesticks", - "page": 69 - }, - { - "level": 3, - "title": "Efficient Markets, Random Walk, Chaos Theory, and “Nature’s Law”", - "page": 70 - }, - { - "level": 2, - "title": "18. Support and Resistance", - "page": 71 - }, - { - "level": 3, - "title": "Memories, Pain, and Regret", - "page": 72 - }, - { - "level": 3, - "title": "Strength of Support and Resistance", - "page": 74 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 74 - }, - { - "level": 3, - "title": "True and False Breakouts", - "page": 75 - }, - { - "level": 2, - "title": "19. Trends and Trading Ranges", - "page": 76 - }, - { - "level": 3, - "title": "Mass Psychology", - "page": 78 - }, - { - "level": 3, - "title": "The Hard Right Edge", - "page": 78 - }, - { - "level": 3, - "title": "Methods and Techniques", - "page": 78 - }, - { - "level": 3, - "title": "Trade or Wait", - "page": 80 - }, - { - "level": 3, - "title": "Conflicting Timeframes", - "page": 80 - }, - { - "level": 2, - "title": "20. Kangaroo Tails", - "page": 81 - }, - { - "level": 1, - "title": "PART 4 Computerized Technical Analysis", - "page": 85 - }, - { - "level": 2, - "title": "21. Computers in Trading", - "page": 85 - }, - { - "level": 3, - "title": "Toolboxes", - "page": 86 - }, - { - "level": 3, - "title": "Black Boxes and Gray Boxes", - "page": 87 - }, - { - "level": 3, - "title": "Computers", - "page": 87 - }, - { - "level": 3, - "title": "Market Data", - "page": 88 - }, - { - "level": 3, - "title": "Three Major Groups of Indicators", - "page": 89 - }, - { - "level": 2, - "title": "22. Moving Averages", - "page": 90 - }, - { - "level": 3, - "title": "Twice as Much Bark", - "page": 91 - }, - { - "level": 3, - "title": "Market Psychology", - "page": 91 - }, - { - "level": 3, - "title": "Exponential Moving Averages", - "page": 92 - }, - { - "level": 3, - "title": "Choosing the Length of a Moving Average", - "page": 92 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 93 - }, - { - "level": 3, - "title": "More on Moving Averages", - "page": 94 - }, - { - "level": 3, - "title": "Dual EMAs", - "page": 94 - }, - { - "level": 3, - "title": "Moving Averages and Channels", - "page": 95 - }, - { - "level": 3, - "title": "Prices, Values, and the Value Zone", - "page": 95 - }, - { - "level": 2, - "title": "23. Moving Average Convergence-Divergence: MACD Lines and MACD-Histogram", - "page": 96 - }, - { - "level": 3, - "title": "How to Create MACD", - "page": 97 - }, - { - "level": 3, - "title": "Market Psychology", - "page": 97 - }, - { - "level": 3, - "title": "Trading Rules for MACD Lines", - "page": 97 - }, - { - "level": 3, - "title": "More on MACD Lines", - "page": 98 - }, - { - "level": 3, - "title": "MACD-Histogram", - "page": 99 - }, - { - "level": 3, - "title": "Market Psychology", - "page": 100 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 100 - }, - { - "level": 3, - "title": "When to Expect a New Peak or Valley", - "page": 101 - }, - { - "level": 3, - "title": "More on MACD-Histogram", - "page": 101 - }, - { - "level": 3, - "title": "Divergences", - "page": 102 - }, - { - "level": 3, - "title": "The Hound of the Baskervilles", - "page": 105 - }, - { - "level": 2, - "title": "24. The Directional System", - "page": 105 - }, - { - "level": 3, - "title": "How to Construct the Directional System", - "page": 105 - }, - { - "level": 3, - "title": "Crowd Behavior", - "page": 107 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 109 - }, - { - "level": 3, - "title": "Average True Range—Help from Volatility", - "page": 109 - }, - { - "level": 2, - "title": "25. Oscillators", - "page": 111 - }, - { - "level": 3, - "title": "Overbought and Oversold", - "page": 111 - }, - { - "level": 2, - "title": "26. Stochastic", - "page": 111 - }, - { - "level": 3, - "title": "Crowd Psychology", - "page": 112 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 113 - }, - { - "level": 3, - "title": "More on Stochastic", - "page": 115 - }, - { - "level": 2, - "title": "27. Relative Strength Index", - "page": 115 - }, - { - "level": 3, - "title": "Mass Psychology", - "page": 116 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 117 - }, - { - "level": 1, - "title": "PART 5 Volume and Time", - "page": 119 - }, - { - "level": 2, - "title": "28. Volume", - "page": 119 - }, - { - "level": 3, - "title": "Crowd Psychology", - "page": 121 - }, - { - "level": 3, - "title": "Trading Pointers", - "page": 122 - }, - { - "level": 2, - "title": "29. Volume-Based Indicators", - "page": 123 - }, - { - "level": 3, - "title": "On-Balance Volume", - "page": 123 - }, - { - "level": 3, - "title": "Crowd Psychology", - "page": 124 - }, - { - "level": 3, - "title": "Trading Signals", - "page": 124 - }, - { - "level": 3, - "title": "More on OBV", - "page": 124 - }, - { - "level": 3, - "title": "Accumulation/Distribution", - "page": 126 - }, - { - "level": 3, - "title": "Crowd Behavior", - "page": 126 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 127 - }, - { - "level": 3, - "title": "More on Accumulation/Distribution", - "page": 128 - }, - { - "level": 2, - "title": "30. Force Index", - "page": 128 - }, - { - "level": 3, - "title": "How to Construct Force Index", - "page": 128 - }, - { - "level": 3, - "title": "Trading Psychology", - "page": 129 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 129 - }, - { - "level": 2, - "title": "31. Open Interest", - "page": 133 - }, - { - "level": 3, - "title": "Crowd Psychology", - "page": 134 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 136 - }, - { - "level": 3, - "title": "More on Open Interest", - "page": 137 - }, - { - "level": 2, - "title": "32. Time", - "page": 137 - }, - { - "level": 3, - "title": "Cycles", - "page": 138 - }, - { - "level": 3, - "title": "Indicator Seasons", - "page": 138 - }, - { - "level": 3, - "title": "Market Time", - "page": 140 - }, - { - "level": 3, - "title": "The Factor of Five", - "page": 141 - }, - { - "level": 2, - "title": "33. Trading Timeframes", - "page": 142 - }, - { - "level": 3, - "title": "Investing", - "page": 142 - }, - { - "level": 3, - "title": "Swing Trading", - "page": 144 - }, - { - "level": 3, - "title": "Day-Trading", - "page": 147 - }, - { - "level": 1, - "title": "PART 6 General Market Indicators", - "page": 149 - }, - { - "level": 2, - "title": "34. The New High–New Low Index", - "page": 149 - }, - { - "level": 3, - "title": "How to Construct NH-NL", - "page": 150 - }, - { - "level": 3, - "title": "Crowd Psychology", - "page": 150 - }, - { - "level": 3, - "title": "Trading Rules for NH-NL", - "page": 151 - }, - { - "level": 3, - "title": "NH-NL in Multiple Timeframes and Look-Back Periods", - "page": 153 - }, - { - "level": 2, - "title": "35. Stocks above 50-Day MA", - "page": 155 - }, - { - "level": 2, - "title": "36. Other Stock Market Indicators", - "page": 156 - }, - { - "level": 3, - "title": "Advance/Decline", - "page": 156 - }, - { - "level": 2, - "title": "37. Consensus and Commitment Indicators", - "page": 158 - }, - { - "level": 3, - "title": "Tracking Advisory Opinion", - "page": 159 - }, - { - "level": 3, - "title": "Signals from the Press", - "page": 160 - }, - { - "level": 3, - "title": "Signals from Advertisers", - "page": 160 - }, - { - "level": 3, - "title": "Commitments of Futures Traders", - "page": 161 - }, - { - "level": 3, - "title": "Legal Insider Trading", - "page": 163 - }, - { - "level": 3, - "title": "Short Interest", - "page": 163 - }, - { - "level": 1, - "title": "PART 7 Trading Systems", - "page": 165 - }, - { - "level": 2, - "title": "38. System Testing, Paper Trading, and the Three Key Demands for Every Trade", - "page": 167 - }, - { - "level": 3, - "title": "Paper Trading", - "page": 168 - }, - { - "level": 3, - "title": "Three Key Demands for Every Trade", - "page": 169 - }, - { - "level": 2, - "title": "39. Triple Screen Trading System", - "page": 170 - }, - { - "level": 3, - "title": "Trend-Following Indicators and Oscillators", - "page": 171 - }, - { - "level": 3, - "title": "Choosing Timeframes—the Factor of Five", - "page": 171 - }, - { - "level": 3, - "title": "First Screen—Market Tide", - "page": 172 - }, - { - "level": 3, - "title": "Second Screen—Market Wave", - "page": 174 - }, - { - "level": 3, - "title": "Third Screen—Entry Technique", - "page": 174 - }, - { - "level": 3, - "title": "Triple Screen Summary", - "page": 176 - }, - { - "level": 3, - "title": "Triple Screen in Day-Trading", - "page": 177 - }, - { - "level": 3, - "title": "Stops and Profit Targets", - "page": 178 - }, - { - "level": 2, - "title": "40. The Impulse System", - "page": 178 - }, - { - "level": 3, - "title": "Entries", - "page": 180 - }, - { - "level": 3, - "title": "Exits", - "page": 182 - }, - { - "level": 2, - "title": "41. Channel Trading Systems", - "page": 182 - }, - { - "level": 3, - "title": "Two Ways to Construct a Channel", - "page": 183 - }, - { - "level": 3, - "title": "Symmetrical Channels", - "page": 183 - }, - { - "level": 3, - "title": "Mass Psychology", - "page": 184 - }, - { - "level": 3, - "title": "Trading Rules", - "page": 186 - }, - { - "level": 3, - "title": "Standard Deviation Channels (Bollinger Bands)", - "page": 188 - }, - { - "level": 1, - "title": "PART 8 Trading Vehicles", - "page": 189 - }, - { - "level": 2, - "title": "42. Stocks", - "page": 191 - }, - { - "level": 2, - "title": "43. ETFs", - "page": 192 - }, - { - "level": 2, - "title": "44. Options", - "page": 194 - }, - { - "level": 3, - "title": "Buying Options", - "page": 196 - }, - { - "level": 3, - "title": "Writing Options", - "page": 197 - }, - { - "level": 3, - "title": "Writer’s Choice", - "page": 198 - }, - { - "level": 3, - "title": "Limiting Risk", - "page": 199 - }, - { - "level": 3, - "title": "Can Option Buying Be Intelligent?", - "page": 201 - }, - { - "level": 2, - "title": "45. CFDs", - "page": 202 - }, - { - "level": 2, - "title": "46. Futures", - "page": 203 - }, - { - "level": 3, - "title": "Futures and Cash Trades", - "page": 204 - }, - { - "level": 3, - "title": "Hedging", - "page": 205 - }, - { - "level": 3, - "title": "Supply, Demand, and Seasonality", - "page": 206 - }, - { - "level": 3, - "title": "Floors and Ceilings", - "page": 207 - }, - { - "level": 3, - "title": "Contango, Inversion, and Spreads", - "page": 207 - }, - { - "level": 3, - "title": "Commitments of Traders", - "page": 208 - }, - { - "level": 3, - "title": "Margins and Risk Control", - "page": 209 - }, - { - "level": 2, - "title": "47. Forex", - "page": 210 - }, - { - "level": 1, - "title": "PART 9 Risk Management", - "page": 213 - }, - { - "level": 2, - "title": "48. Emotions and Probabilities", - "page": 213 - }, - { - "level": 3, - "title": "Why Johnny Can’t Sell", - "page": 214 - }, - { - "level": 3, - "title": "Probability and Innumeracy", - "page": 216 - }, - { - "level": 3, - "title": "A Positive Expectation", - "page": 217 - }, - { - "level": 3, - "title": "Businessman’s Risk or Loss", - "page": 217 - }, - { - "level": 2, - "title": "49. The Two Main Rules of Risk Control", - "page": 218 - }, - { - "level": 3, - "title": "The Two Worst Mistakes", - "page": 218 - }, - { - "level": 2, - "title": "50. The Two Percent Rule", - "page": 219 - }, - { - "level": 3, - "title": "The Iron Triangle of Risk Control", - "page": 220 - }, - { - "level": 3, - "title": "The 2% Rule in the Futures Markets", - "page": 221 - }, - { - "level": 2, - "title": "51. The Six Percent Rule", - "page": 224 - }, - { - "level": 3, - "title": "The Concept of Available Risk", - "page": 224 - }, - { - "level": 2, - "title": "52. A Comeback from a Drawdown", - "page": 226 - }, - { - "level": 3, - "title": "A Trading Manager", - "page": 228 - }, - { - "level": 1, - "title": "PART 10 Practical Details", - "page": 231 - }, - { - "level": 2, - "title": "53. How to Set Profit Targets: “Enough” Is the Power Word", - "page": 231 - }, - { - "level": 2, - "title": "54. How to Set Stops: Say No to Wishful Thinking", - "page": 235 - }, - { - "level": 3, - "title": "Place Stops outside the Zone of “Market Noise”", - "page": 236 - }, - { - "level": 3, - "title": "Don’t Place Your Stops at Obvious Levels", - "page": 236 - }, - { - "level": 3, - "title": "Don’t Let a Winning Trade Turn into a Loss", - "page": 239 - }, - { - "level": 3, - "title": "Move Your Stop Only in the Direction of Your Trade", - "page": 240 - }, - { - "level": 3, - "title": "Catastrophic Stops: A Professional’s Life Jacket", - "page": 240 - }, - { - "level": 3, - "title": "Stops and Overnight Gaps: Only for the Pros", - "page": 241 - }, - { - "level": 2, - "title": "55. Is This an A-Trade?", - "page": 241 - }, - { - "level": 2, - "title": "56. Scanning for Possible Trades", - "page": 246 - }, - { - "level": 1, - "title": "PART 11 Good Record-Keeping", - "page": 249 - }, - { - "level": 2, - "title": "57. Your Daily Homework", - "page": 250 - }, - { - "level": 3, - "title": "Are You Ready to Trade Today?", - "page": 252 - }, - { - "level": 2, - "title": "58. Creating and Scoring Trade Plans", - "page": 254 - }, - { - "level": 3, - "title": "Scoring Your Trade Plans (a Trade Apgar)", - "page": 254 - }, - { - "level": 3, - "title": "Using a Tradebill", - "page": 256 - }, - { - "level": 2, - "title": "59. Trade Journal", - "page": 259 - }, - { - "level": 3, - "title": "Three Benefits", - "page": 261 - }, - { - "level": 1, - "title": "CONCLUSION A Journey without an End: How to Continue Learning", - "page": 265 - }, - { - "level": 1, - "title": "Sources", - "page": 269 - }, - { - "level": 1, - "title": "Acknowledgments", - "page": 273 - }, - { - "level": 1, - "title": "About the Author", - "page": 275 - }, - { - "level": 1, - "title": "INDEX", - "page": 277 - }, - { - "level": 1, - "title": "EULA", - "page": 303 - } - ] - }, - { - "id": "the_art_and_science_of_trading_course_workbook_adam_grimes", - "title": "The Art and Science of Trading: Course Workbook", - "author": "Adam Grimes", - "totalPages": 590, - "fileSize": 16300880, - "pdfUrl": "data/pdfs/the_art_and_science_of_trading_course_workbook_adam_grimes.pdf", - "coverUrl": "data/covers/the_art_and_science_of_trading_course_workbook_adam_grimes.jpg", - "layoutUrl": "data/layouts/the_art_and_science_of_trading_course_workbook_adam_grimes.json", - 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"level": 3, - "title": "CHANNELS: EMOTIONAL EXTREMES", - "page": 286 - }, - { - "level": 3, - "title": "INDICATORS: MACD", - "page": 295 - }, - { - "level": 3, - "title": "MULTIPLE TIME FRAME ANALYSIS", - "page": 311 - }, - { - "level": 2, - "title": "CHAPTER 8: Trade Management", - "page": 334 - }, - { - "level": 3, - "title": "PLACING THE INITIAL STOP", - "page": 336 - }, - { - "level": 3, - "title": "SETTING PRICE TARGETS", - "page": 339 - }, - { - "level": 3, - "title": "ACTIVE MANAGEMENT", - "page": 345 - }, - { - "level": 3, - "title": "PORTFOLIO CONSIDERATIONS", - "page": 361 - }, - { - "level": 3, - "title": "PRACTICAL ISSUES", - "page": 364 - }, - { - "level": 2, - "title": "CHAPTER 9: Risk Management", - "page": 376 - }, - { - "level": 3, - "title": "RISK AND POSITION SIZING", - "page": 376 - }, - { - "level": 3, - "title": "THEORETICAL PERSPECTIVES ON RISK", - "page": 397 - }, - { - "level": 3, - "title": "MISUNDERSTOOD RISK", - "page": 401 - }, - { - "level": 3, - "title": "PRACTICAL RISKS IN TRADING", - "page": 403 - }, - { - "level": 3, - "title": "SUMMARY", - "page": 412 - }, - { - "level": 2, - "title": "CHAPTER 10: Trade Examples", - "page": 413 - }, - { - "level": 3, - "title": "TREND CONTINUATION", - "page": 415 - }, - { - "level": 3, - "title": "TREND TERMINATION", - "page": 442 - }, - { - "level": 3, - "title": "FAILURE TEST FAILURES", - "page": 449 - }, - { - "level": 3, - "title": "TRADING PARABOLIC CLIMAXES", - "page": 454 - }, - { - "level": 3, - "title": "THE ANTI", - "page": 460 - }, - { - "level": 3, - "title": "TRADING AT SUPPORT AND RESISTANCE", - "page": 471 - }, - { - "level": 3, - "title": "SUMMARY", - "page": 481 - }, - { - "level": 1, - "title": "Part IV: The Individual, Self-Directed Trader", - "page": 482 - }, - { - "level": 2, - "title": "CHAPTER 11: The Trader’s Mind", - "page": 483 - }, - { - "level": 3, - "title": "PSYCHOLOGICAL CHALLENGES OF THE MARKETPLACE", - "page": 485 - }, - { - "level": 3, - "title": "EVOLUTIONARY ADAPTATIONS", - "page": 485 - }, - { - "level": 3, - "title": "COGNITIVE BIASES", - "page": 491 - }, - { - "level": 3, - "title": "THE RANDOM REINFORCEMENT PROBLEM", - "page": 496 - }, - { - "level": 3, - "title": "EMOTIONS: THE ENEMY WITHIN", - "page": 498 - }, - { - "level": 3, - "title": "INTUITION", - "page": 501 - }, - { - "level": 3, - "title": "FLOW", - "page": 506 - }, - { - "level": 3, - "title": "PRACTICAL PSYCHOLOGY", - "page": 511 - }, - { - "level": 3, - "title": "SUMMARY", - "page": 518 - }, - { - "level": 2, - "title": "CHAPTER 12: Becoming a Trader", - "page": 520 - }, - { - "level": 3, - "title": "THE PROCESS", - "page": 521 - }, - { - "level": 3, - "title": "RECORD KEEPING", - "page": 534 - }, - { - "level": 3, - "title": "STATISTICAL ANALYSIS OF TRADING RESULTS", - "page": 539 - }, - { - "level": 3, - "title": "SUMMARY", - "page": 550 - }, - { - "level": 1, - "title": "Appendix A: Trading Primer", - "page": 552 - }, - { - "level": 2, - "title": "THE SPREAD", - "page": 553 - }, - { - "level": 2, - "title": "TWO TYPES OF ORDERS", - "page": 556 - }, - { - "level": 2, - "title": "CHARTS", - "page": 558 - }, - { - "level": 1, - "title": "Appendix B: A Deeper Look at Moving Averages and the MACD", - "page": 565 - }, - { - "level": 2, - "title": "MOVING AVERAGES", - "page": 565 - }, - { - "level": 2, - "title": "THE MACD", - "page": 574 - }, - { - "level": 1, - "title": "Appendix C: Sample Trade Data", - "page": 586 - }, - { - "level": 1, - "title": "Glossary", - "page": 589 - }, - { - "level": 1, - "title": "Bibliography", - "page": 618 - }, - { - "level": 1, - "title": "About the Author", - "page": 622 - }, - { - "level": 1, - "title": "Index", - "page": 623 - } - ] - }, - { - "id": "the_art_and_science_of_technical_analysis_adam_grimes", - "title": "The Art & Science of Technical Analysis", - "author": "Adam Grimes", - "totalPages": 663, - "fileSize": 11147053, - "pdfUrl": "data/pdfs/the_art_and_science_of_technical_analysis_adam_grimes.pdf", - "coverUrl": "data/covers/the_art_and_science_of_technical_analysis_adam_grimes.jpg", - 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"title": "FAILURE TEST", - "page": 221 - }, - { - "level": 3, - "title": "PULLBACK, BUYING SUPPORT OR SHORTING RESISTANCE", - "page": 227 - }, - { - "level": 3, - "title": "PULLBACK, ENTERING LOWER TIME FRAME BREAKOUT", - "page": 239 - }, - { - "level": 3, - "title": "TRADING COMPLEX PULLBACKS", - "page": 244 - }, - { - "level": 3, - "title": "THE ANTI", - "page": 251 - }, - { - "level": 3, - "title": "BREAKOUTS, ENTERING IN THE PRECEDING BASE", - "page": 256 - }, - { - "level": 3, - "title": "BREAKOUTS, ENTERING ON FIRST PULLBACK FOLLOWING", - "page": 267 - }, - { - "level": 3, - "title": "FAILED BREAKOUTS", - "page": 270 - }, - { - "level": 3, - "title": "SUMMARY", - "page": 275 - }, - { - "level": 2, - "title": "CHAPTER 7: Tools for Confirmation", - "page": 278 - }, - { - "level": 3, - "title": "THE MOVING AVERAGE—THE STILL CENTER", - "page": 279 - }, - { - "level": 3, - "title": "CHANNELS: EMOTIONAL EXTREMES", - "page": 286 - }, - { - "level": 3, - "title": "INDICATORS: MACD", - "page": 295 - }, - { - "level": 3, - "title": "MULTIPLE TIME FRAME ANALYSIS", - "page": 311 - }, - { - "level": 2, - "title": "CHAPTER 8: Trade Management", - "page": 334 - }, - { - "level": 3, - "title": "PLACING THE INITIAL STOP", - "page": 336 - }, - { - "level": 3, - "title": "SETTING PRICE TARGETS", - "page": 339 - }, - { - "level": 3, - "title": "ACTIVE MANAGEMENT", - "page": 345 - }, - { - "level": 3, - "title": "PORTFOLIO CONSIDERATIONS", - "page": 361 - }, - { - "level": 3, - "title": "PRACTICAL ISSUES", - "page": 364 - }, - { - "level": 2, - "title": "CHAPTER 9: Risk Management", - "page": 376 - }, - { - "level": 3, - "title": "RISK AND POSITION SIZING", - "page": 376 - }, - { - "level": 3, - "title": "THEORETICAL PERSPECTIVES ON RISK", - "page": 397 - }, - { - "level": 3, - "title": "MISUNDERSTOOD RISK", - "page": 401 - }, - { - "level": 3, - "title": "PRACTICAL RISKS IN TRADING", - "page": 403 - }, - { - "level": 3, - "title": "SUMMARY", - "page": 412 - }, - { - "level": 2, - "title": "CHAPTER 10: Trade Examples", - "page": 413 - }, - { - "level": 3, - "title": "TREND CONTINUATION", - "page": 415 - }, - { - "level": 3, - "title": "TREND TERMINATION", - "page": 442 - }, - { - "level": 3, - "title": "FAILURE TEST FAILURES", - "page": 449 - }, - { - "level": 3, - "title": "TRADING PARABOLIC CLIMAXES", - "page": 454 - }, - { - "level": 3, - "title": "THE ANTI", - "page": 460 - }, - { - "level": 3, - "title": "TRADING AT SUPPORT AND RESISTANCE", - "page": 471 - }, - { - "level": 3, - "title": "SUMMARY", - "page": 481 - }, - { - "level": 1, - "title": "Part IV: The Individual, Self-Directed Trader", - "page": 482 - }, - { - "level": 2, - "title": "CHAPTER 11: The Trader’s Mind", - "page": 483 - }, - { - "level": 3, - "title": "PSYCHOLOGICAL CHALLENGES OF THE MARKETPLACE", - "page": 485 - }, - { - "level": 3, - "title": "EVOLUTIONARY ADAPTATIONS", - "page": 485 - }, - { - "level": 3, - "title": "COGNITIVE BIASES", - "page": 491 - }, - { - "level": 3, - "title": "THE RANDOM REINFORCEMENT PROBLEM", - "page": 496 - }, - { - "level": 3, - "title": "EMOTIONS: THE ENEMY WITHIN", - "page": 498 - }, - { - "level": 3, - "title": "INTUITION", - "page": 501 - }, - { - "level": 3, - "title": "FLOW", - "page": 506 - }, - { - "level": 3, - "title": "PRACTICAL PSYCHOLOGY", - "page": 511 - }, - { - "level": 3, - "title": "SUMMARY", - "page": 518 - }, - { - "level": 2, - "title": "CHAPTER 12: Becoming a Trader", - "page": 520 - }, - { - "level": 3, - "title": "THE PROCESS", - "page": 521 - }, - { - "level": 3, - "title": "RECORD KEEPING", - "page": 534 - }, - { - "level": 3, - "title": "STATISTICAL ANALYSIS OF TRADING RESULTS", - "page": 539 - }, - { - "level": 3, - "title": "SUMMARY", - "page": 550 - }, - { - "level": 1, - "title": "Appendix A: Trading Primer", - "page": 552 - }, - { - "level": 2, - "title": "THE SPREAD", - "page": 553 - }, - { - "level": 2, - "title": "TWO TYPES OF ORDERS", - "page": 556 - }, - { - "level": 2, - "title": "CHARTS", - "page": 558 - }, - { - "level": 1, - "title": "Appendix B: A Deeper Look at Moving Averages and the MACD", - 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"totalPages": 1232, - "fileSize": 26731739, - "pdfUrl": "data/pdfs/trading_systems_and_methods_website_perry_j_kaufman.pdf", - "coverUrl": "data/covers/trading_systems_and_methods_website_perry_j_kaufman.jpg", - "layoutUrl": "data/layouts/trading_systems_and_methods_website_perry_j_kaufman.json", - "toc": [ - { - "level": 1, - "title": "Trading Systems and Methods", - "page": 3 - }, - { - "level": 1, - "title": "Contents", - "page": 9 - }, - { - "level": 1, - "title": "Preface to the Fifth Edition", - "page": 17 - }, - { - "level": 1, - "title": "CHAPTER 1 Introduction", - "page": 21 - }, - { - "level": 2, - "title": "THE EXPANDING ROLE OF TECHNICAL ANALYSIS", - "page": 21 - }, - { - "level": 2, - "title": "CONVERGENCE OF TRADING STYLES IN STOCKS AND FUTURES", - "page": 22 - }, - { - "level": 2, - "title": "A LINE IN THE SAND BETWEEN FUNDAMENTALS AND TECHNICAL ANALYSIS", - "page": 24 - }, - { - "level": 2, - "title": "PROFESSIONAL AND AMATEUR", - "page": 25 - }, - { - "level": 2, - "title": "RANDOM WALK", - "page": 26 - }, - { - "level": 2, - "title": "DECIDING ON A TRADING STYLE", - "page": 28 - }, - { - "level": 2, - "title": "MEASURING NOISE", - "page": 30 - }, - { - "level": 3, - "title": "Other Measurements of Noise", - "page": 31 - }, - { - "level": 3, - "title": "Impact on Trading", - "page": 33 - }, - { - "level": 2, - "title": "MATURING MARKETS AND GLOBALIZATION", - "page": 34 - }, - { - "level": 2, - "title": "BACKGROUND MATERIAL", - "page": 36 - }, - { - "level": 2, - "title": "RESEARCH GUIDELINES", - "page": 38 - }, - { - "level": 2, - "title": "OBJECTIVES OF THIS BOOK", - "page": 39 - }, - { - "level": 2, - "title": "PROFILE OF A TRADING SYSTEM", - "page": 40 - }, - { - "level": 3, - "title": "Changing Markets and System Longevity", - "page": 40 - }, - { - "level": 3, - "title": "The Choice of Data", - "page": 41 - }, - { - "level": 3, - "title": "Diversifi cation", - "page": 41 - }, - { - "level": 3, - "title": "Trade Selection", - "page": 41 - }, - { - "level": 3, - "title": "Testing", - "page": 42 - }, - { - "level": 3, - "title": "Risk Control", - "page": 42 - }, - { - "level": 3, - "title": "Transaction Costs", - "page": 42 - }, - { - "level": 3, - "title": "Performance Monitoring and Feedback", - "page": 42 - }, - { - "level": 2, - "title": "A WORD ABOUT THE NOTATION USED IN THIS BOOK", - "page": 43 - }, - { - "level": 2, - "title": "AND FINALLY . . .", - "page": 43 - }, - { - "level": 1, - "title": "CHAPTER 2 Basic Concepts and Calculations", - "page": 45 - }, - { - "level": 2, - "title": "Helpful Software", - "page": 46 - }, - { - "level": 2, - "title": "ABOUT DATA AND AVERAGING", - "page": 46 - }, - { - "level": 3, - "title": "The Law of Averages", - "page": 46 - }, - { - "level": 3, - "title": "In-Sample and Out-of-Sample Data", - "page": 47 - }, - { - "level": 3, - "title": "How Much Data Is Enough?", - "page": 47 - }, - { - "level": 2, - "title": "ON AVERAGE", - "page": 50 - }, - { - "level": 3, - "title": "Geometric Mean", - "page": 51 - }, - { - "level": 3, - "title": "Quadratic Mean", - "page": 52 - }, - { - "level": 3, - "title": "Harmonic Mean", - "page": 52 - }, - { - "level": 2, - "title": "PRICE DISTRIBUTION", - "page": 53 - }, - { - "level": 3, - "title": "Frequency Distributions", - "page": 53 - }, - { - "level": 3, - "title": "Median and Mode", - "page": 56 - }, - { - "level": 3, - "title": "Characteristics of the Principal Averages", - "page": 57 - }, - { - "level": 2, - "title": "MOMENTS OF THE DISTRIBUTION: VARIANCE, SKEWNESS, AND KURTOSIS", - "page": 57 - }, - { - "level": 3, - "title": "Variance (2nd Moment)", - "page": 58 - }, - { - "level": 3, - "title": "Skewness (3rd moment", - "page": 59 - }, - { - "level": 3, - "title": "Kurtosis (4th Moment)", - "page": 62 - }, - { - "level": 3, - "title": "Choosing between Frequency Distribution and Standard Deviation", - "page": 63 - }, - { - "level": 3, - "title": "Probability of Achieving a Return", - "page": 64 - }, - { - "level": 3, - "title": "Standard Error", - "page": 66 - }, - { - "level": 3, - "title": "t-Statistic and Degrees of Freedom", - "page": 67 - }, - { - "level": 2, - "title": "STANDARDIZING RISK AND RETURN", - "page": 68 - }, - { - "level": 3, - "title": "Calculating Returns", - "page": 69 - }, - { - "level": 3, - "title": "Risk and Volatility", - "page": 71 - }, - { - "level": 2, - "title": "THE INDEX", - "page": 74 - }, - { - "level": 3, - "title": "Constructing an Index", - "page": 75 - }, - { - "level": 3, - "title": "Calculating the Net Asset Value—Indexing Returns", - "page": 75 - }, - { - "level": 3, - "title": "Leveraged Long or Short Index Funds", - "page": 76 - }, - { - "level": 3, - "title": "Cross-Market and Weighted Index", - "page": 77 - }, - { - "level": 3, - "title": "U.S. Dollar Index", - "page": 77 - }, - { - "level": 2, - "title": "STANDARD MEASUREMENTS OF PERFORMANCE", - "page": 78 - }, - { - "level": 2, - "title": "PROBABILITY", - "page": 79 - }, - { - "level": 3, - "title": "Laws of Probability", - "page": 80 - }, - { - "level": 3, - "title": "Joint and Marginal Probability", - "page": 81 - }, - { - "level": 3, - "title": "Contingent Probability", - "page": 81 - }, - { - "level": 3, - "title": "Markov Chains", - "page": 82 - }, - { - "level": 3, - "title": "Bayes’ Theorem", - "page": 85 - }, - { - "level": 2, - "title": "SUPPLY AND DEMAND", - "page": 86 - }, - { - "level": 3, - "title": "Demand", - "page": 86 - }, - { - "level": 3, - "title": "Supply", - "page": 88 - }, - { - "level": 3, - "title": "Equilibrium", - "page": 89 - }, - { - "level": 3, - "title": "Cobweb Charts", - "page": 90 - }, - { - "level": 3, - "title": "Building a Model", - "page": 91 - }, - { - "level": 3, - "title": "Changing Factors", - "page": 94 - }, - { - "level": 3, - "title": "Economic Reports", - "page": 96 - }, - { - "level": 1, - "title": "CHAPTER 3 Charting", - "page": 99 - }, - { - "level": 2, - "title": "FINDING CONSISTENT PATTERNS", - "page": 100 - }, - { - "level": 3, - "title": "What Causes Chart Patterns?", - "page": 101 - }, - { - "level": 2, - "title": "WHAT CAUSES THE MAJOR PRICE MOVES AND TRENDS?", - "page": 102 - }, - { - "level": 2, - "title": "THE BAR CHART AND ITS INTERPRETATION BY CHARLES DOW", - "page": 103 - }, - { - "level": 3, - "title": "The Dow Theory", - "page": 104 - }, - { - "level": 3, - "title": "The Basic Tenets of the Dow Theory", - "page": 105 - }, - { - "level": 3, - "title": "Interpreting Today’s S&P Using Dow Theory", - "page": 110 - }, - { - "level": 3, - "title": "Dow Theory and Futures Markets", - "page": 112 - }, - { - "level": 2, - "title": "CHART FORMATIONS", - "page": 112 - }, - { - "level": 3, - "title": "The Trend in Retrospect", - "page": 113 - }, - { - "level": 2, - "title": "TRENDLINES", - "page": 114 - }, - { - "level": 3, - "title": "Redrawing Trendlines", - "page": 114 - }, - { - "level": 3, - "title": "Support and Resistance Lines", - "page": 115 - }, - { - "level": 3, - "title": "Rules for Trading Using Trendlines", - "page": 117 - }, - { - "level": 3, - "title": "Trading Rules for Horizontal Support and Resistance Levels", - "page": 118 - }, - { - "level": 3, - "title": "Creating a Channel with Trendlines", - "page": 120 - }, - { - "level": 2, - "title": "ONE-DAY PATTERNS", - "page": 122 - }, - { - "level": 3, - "title": "Gaps", - "page": 122 - }, - { - "level": 3, - "title": "Trading Rules for Gaps", - "page": 125 - }, - { - "level": 3, - "title": "Spikes", - "page": 125 - }, - { - "level": 3, - "title": "Island Reversals", - "page": 127 - }, - { - "level": 3, - "title": "Reversal Days and Key Reversal Days", - "page": 129 - }, - { - "level": 3, - "title": "Wide-Ranging Days, Inside Days, and Outside Days", - "page": 132 - }, - { - "level": 2, - "title": "CONTINUATION PATTERNS", - "page": 133 - }, - { - "level": 3, - "title": "Symmetric, Descending, and Ascending Triangles", - "page": 134 - }, - { - "level": 3, - "title": "Formation of a Descending Triangle", - "page": 134 - }, - { - "level": 3, - "title": "Flags", - "page": 135 - }, - { - "level": 3, - "title": "Pennants", - "page": 135 - }, - { - "level": 3, - "title": "Wedges", - "page": 135 - }, - { - "level": 2, - "title": "BASIC CONCEPTS IN CHART TRADING", - "page": 137 - }, - { - "level": 3, - "title": "Major and Minor Formations", - "page": 137 - }, - { - "level": 3, - "title": "Market Noise", - "page": 138 - }, - { - "level": 2, - "title": "ACCUMULATION AND DISTRIBUTION—BOTTOMS AND TOPS", - "page": 138 - }, - { - "level": 3, - "title": "V-Tops and V-Bottoms", - "page": 139 - }, - { - "level": 3, - "title": "Double and Triple Tops and Bottoms", - "page": 142 - }, - { - "level": 3, - "title": "Extended Rectangle Bottom", - "page": 146 - }, - { - "level": 3, - "title": "Rounded Tops and Bottoms", - "page": 148 - }, - { - "level": 3, - "title": "Wedge Top and Bottom Patterns", - "page": 149 - }, - { - "level": 3, - "title": "Head-and-Shoulders Formation", - "page": 149 - }, - { - "level": 2, - "title": "EPISODIC PATTERNS", - "page": 152 - }, - { - "level": 2, - "title": "PRICE OBJECTIVES FOR BAR CHARTING", - "page": 153 - }, - { - "level": 3, - "title": "Common Elements of Profit Objectives", - "page": 154 - }, - { - "level": 3, - "title": "Profit Targets for Consolidation Areas and Channels", - "page": 154 - }, - { - "level": 3, - "title": "Targeting Profits after Tops and Bottoms", - "page": 156 + "level": 3, + "title": "Recommended Reading", + "page": 139 }, { "level": 2, - "title": "IMPLIED STRATEGIES IN CANDLESTICK CHARTS", - "page": 159 - }, - { - "level": 3, - "title": "Quantifying Candle Formations", - "page": 162 - }, - { - "level": 3, - "title": "Qstick", - "page": 163 - }, - { - "level": 3, - "title": "Pivot Points and Candle Charts", - "page": 163 + "title": "EIGHT Trading Vehicles", + "page": 141 }, { "level": 3, - "title": "The Best of the Candles", - "page": 164 + "title": "Rating Yourself", + "page": 144 }, { "level": 2, - "title": "PRACTICAL USE OF THE BAR CHART", - "page": 164 - }, - { - "level": 3, - "title": "Trends Are Easier to See in Retrospect", - "page": 164 - }, - { - "level": 3, - "title": "Long-Term Trends Are More Reliable than Short-Term Trends", - "page": 164 - }, - { - "level": 3, - "title": "Multiple Signals", - "page": 165 + "title": "NINE Risk Management", + "page": 145 }, { "level": 3, - "title": "Pattern Failures", - "page": 166 + "title": "Rating Yourself", + "page": 148 }, { "level": 3, - "title": "Testing Your Skill", - "page": 167 + "title": "Recommended Reading", + "page": 148 }, { "level": 2, - "title": "EVOLUTION IN PRICE PATTERNS", - "page": 168 + "title": "TEN Practical Details", + "page": 149 }, { "level": 3, - "title": "Globalization: The Similarity of Asian Markets", - "page": 169 - }, - { - "level": 1, - "title": "CHAPTER 4 Charting Systems and Techniques", - "page": 171 + "title": "Rating Yourself", + "page": 152 }, { "level": 2, - "title": "DUNNIGAN AND THE THRUST METHOD", - "page": 172 - }, - { - "level": 3, - "title": "The Thrust Method", - "page": 172 - }, - { - "level": 3, - "title": "One-Way Formula", - "page": 174 + "title": "ELEVEN Good Record-Keeping", + "page": 153 }, { "level": 3, - "title": "The Square Root Theory", - "page": 175 + "title": "Rating Yourself", + "page": 155 }, { "level": 2, - "title": "NOFRI’S CONGESTION-PHASE SYSTEM", - "page": 175 - }, - { - "level": 3, - "title": "Implementing the Congestion-Phase System", - "page": 176 + "title": "Afterword", + "page": 157 }, { "level": 2, - "title": "OUTSIDE DAYS WITH AN OUTSIDE CLOSE", - "page": 177 + "title": "Sources", + "page": 159 }, { "level": 2, - "title": "INSIDE DAYS", - "page": 178 + "title": "About the Author", + "page": 161 }, { "level": 2, - "title": "PIVOT POINTS", - "page": 178 - }, + "title": "EULA", + "page": 162 + } + ] + }, + { + "id": "technical_analysis_of_the_financial_market_john_j_murphy", + "title": "Technical Analysis of the Financial Markets", + "author": "John J. Murphy", + "totalPages": 494, + "fileSize": 17534809, + "pdfUrl": "data/pdfs/technical_analysis_of_the_financial_market_john_j_murphy.pdf", + "coverUrl": "data/covers/technical_analysis_of_the_financial_market_john_j_murphy.jpg", + "layoutUrl": "data/layouts/technical_analysis_of_the_financial_market_john_j_murphy.json", + "toc": [ { - "level": 2, - "title": "ACTION AND REACTION", - "page": 179 + "level": 1, + "title": "Title Page", + "page": 3 }, { - "level": 3, - "title": "Fibonacci Ratios", - "page": 180 + "level": 1, + "title": "Copyright", + "page": 4 }, { - "level": 3, - "title": "Tubbs’ Law of Proportion", - "page": 180 + "level": 1, + "title": "Dedication", + "page": 6 }, { - "level": 3, - "title": "Trident", - "page": 182 + "level": 1, + "title": "Contents", + "page": 7 }, { - "level": 3, - "title": "An Overview of Percentage Retracements", - "page": 183 + "level": 1, + "title": "About the Author", + "page": 19 }, { - "level": 3, - "title": "Clustering", - "page": 186 + "level": 1, + "title": "About the Contributors", + "page": 20 }, { - "level": 2, - "title": "CHANNEL BREAKOUT", - "page": 187 + "level": 1, + "title": "Introduction", + "page": 21 }, { - "level": 2, - "title": "MOVING CHANNELS", - "page": 190 + "level": 1, + "title": "Acknowledgments", + "page": 23 }, { - "level": 2, - "title": "COMMODITY CHANNEL INDEX", - "page": 191 + "level": 1, + "title": "1 Philosophy of Technical Analysis", + "page": 24 }, { "level": 2, - "title": "WYCKOFF’S COMBINED TECHNIQUES", - "page": 192 + "title": "Introduction", + "page": 24 }, { "level": 2, - "title": "COMPLEX PATTERNS", - "page": 193 - }, - { - "level": 3, - "title": "DeMark’s Sequential™", - "page": 193 - }, - { - "level": 3, - "title": "Thinking about Complex Patterns", - "page": 195 + "title": "Philosophy or Rationale", + "page": 24 }, { "level": 2, - "title": "A STUDY OF CHARTING PATTERNS", - "page": 196 - }, - { - "level": 3, - "title": "Computer Recognition of Chart Patterns", - "page": 196 - }, - { - "level": 3, - "title": "Results of the Study", - "page": 197 + "title": "Technical versus Fundamental Forecasting", + "page": 27 }, { "level": 2, - "title": "BULKOWSKI’S CHART PATTERN RANKINGS", - "page": 198 - }, - { - "level": 1, - "title": "CHAPTER 5 Event-DrivenT rends", - "page": 201 + "title": "Analysis versus Timing", + "page": 28 }, { "level": 2, - "title": "SWING TRADING", - "page": 202 - }, - { - "level": 3, - "title": "Constructing a Classic Swing Chart", - "page": 202 + "title": "Flexibility and Adaptability of Technical Analysis", + "page": 29 }, { "level": 2, - "title": "CONSTRUCTING A SWING CHART USING A SWING FILTER", - "page": 204 - }, - { - "level": 3, - "title": "S&P Example", - "page": 205 - }, - { - "level": 3, - "title": "Percentage Swings", - "page": 207 - }, - { - "level": 3, - "title": "Rules for Swing Trading", - "page": 208 + "title": "Technical Analysis Applied to Different Trading Mediums", + "page": 30 }, { - "level": 3, - "title": "The Swing Philosophy", - "page": 209 + "level": 2, + "title": "Technical Analysis Applied to Different Time Dimensions", + "page": 30 }, { - "level": 3, - "title": "The Livermore System", - "page": 209 + "level": 2, + "title": "Economic Forecasting", + "page": 31 }, { - "level": 3, - "title": "Programming the Swing High and Low Points", - "page": 211 + "level": 2, + "title": "Technician or Chartist?", + "page": 31 }, { - "level": 3, - "title": "Keltner’s Minor Trend Rule", - "page": 211 + "level": 2, + "title": "A Brief Comparison of Technical Analysis in Stocks and Futures", + "page": 32 }, { - "level": 3, - "title": "Pivot Points", - "page": 212 + "level": 2, + "title": "Less Reliance on Market Averages and Indicators", + "page": 35 }, { - "level": 3, - "title": "Wilder’s Swing Index", - "page": 212 + "level": 2, + "title": "Some Criticisms of the Technical Approach", + "page": 35 }, { "level": 2, - "title": "POINT-AND-FIGURE CHARTING", - "page": 215 + "title": "Random Walk Theory", + "page": 38 }, { - "level": 3, - "title": "Plotting Prices Using the Point-and-Figure Method", - "page": 217 + "level": 2, + "title": "Universal Principles", + "page": 40 }, { - "level": 3, - "title": "Point-and-Figure Chart Formations", - "page": 219 + "level": 1, + "title": "2 Dow Theory", + "page": 41 }, { - "level": 3, - "title": "Point-and-Figure Trendlines", - "page": 221 + "level": 2, + "title": "Introduction", + "page": 41 }, { - "level": 3, - "title": "Point-and-Figure Trading Techniques", - "page": 227 + "level": 2, + "title": "Basic Tenets", + "page": 42 }, { - "level": 3, - "title": "Selecting Trades", - "page": 233 + "level": 2, + "title": "The Use of Closing Prices and the Presence of Lines", + "page": 47 }, { - "level": 3, - "title": "Price Objectives", - "page": 233 + "level": 2, + "title": "Some Criticisms of Dow Theory", + "page": 48 }, { - "level": 3, - "title": "Point-and-Figure with Variable Box Sizes", - "page": 238 + "level": 2, + "title": "Stocks as Economic Indicators", + "page": 49 }, { - "level": 3, - "title": "Recent Applications of Point-and-Figure", - "page": 241 + "level": 2, + "title": "Dow Theory Applied to Futures Trading", + "page": 49 }, { "level": 2, - "title": "THE N-DAY BREAKOUT", - "page": 242 + "title": "Conclusion", + "page": 50 }, { - "level": 3, - "title": "Donchian’s 4-Week Rule", - "page": 243 + "level": 1, + "title": "3 Chart Construction", + "page": 51 }, { - "level": 3, - "title": "Modifying the N-Day Rule", - "page": 244 + "level": 2, + "title": "Introduction", + "page": 51 }, { - "level": 3, - "title": "Testing the N-Day Rule", - "page": 245 + "level": 2, + "title": "Types of Charts Available", + "page": 51 }, { - "level": 3, - "title": "The N-Day Breakout Applied to Stocks", - "page": 248 + "level": 2, + "title": "Candlesticks", + "page": 53 }, { - "level": 3, - "title": "The Turtles", - "page": 249 + "level": 2, + "title": "Arithmetic versus Logarithmic Scale", + "page": 54 }, { - "level": 1, - "title": "CHAPTER 6 Regression Analysis", - "page": 255 + "level": 2, + "title": "Construction of the Daily Bar Chart", + "page": 55 }, { "level": 2, - "title": "COMPONENTS OF A TIME SERIES", - "page": 255 + "title": "Volume", + "page": 56 }, { "level": 2, - "title": "CHARACTERISTICS OF THE PRICE DATA", - "page": 256 + "title": "Futures Open Interest", + "page": 57 }, { - "level": 3, - "title": "Selection of the Calculation Period", - "page": 257 + "level": 2, + "title": "Weekly and Monthly Bar Charts", + "page": 59 }, { "level": 2, - "title": "LINEAR REGRESSION", - "page": 258 + "title": "Conclusion", + "page": 61 }, { - "level": 3, - "title": "Explaining, Not Predicting", - "page": 258 + "level": 1, + "title": "4 Basic Concepts of Trend", + "page": 62 }, { - "level": 3, - "title": "Calculating the Best Straight-Line Fit", - "page": 259 + "level": 2, + "title": "Definition of Trend", + "page": 62 }, { - "level": 3, - "title": "Excel Regression", - "page": 262 + "level": 2, + "title": "Trend Has Three Directions", + "page": 64 }, { - "level": 3, - "title": "Corn Explained by Soybeans", - "page": 262 + "level": 2, + "title": "Trend Has Three Classifications", + "page": 65 }, { - "level": 3, - "title": "Gold Bullion and Barrick Gold Corporation", - "page": 264 + "level": 2, + "title": "Support and Resistance", + "page": 67 }, { "level": 2, - "title": "LINEAR CORRELATION", - "page": 268 + "title": "Trendlines", + "page": 75 }, { - "level": 3, - "title": "Correlation Adjustments When Using a Time Series", - "page": 269 + "level": 2, + "title": "The Fan Principle", + "page": 83 }, { - "level": 3, - "title": "Forecasting Using Regression", - "page": 270 + "level": 2, + "title": "The Importance of the Number Three", + "page": 85 }, { "level": 2, - "title": "NONLINEAR APPROXIMATIONS FOR TWO VARIABLES", - "page": 272 + "title": "The Relative Steepness of the Trendline", + "page": 85 }, { - "level": 3, - "title": "Second-Order Least-Squares Solution", - "page": 273 + "level": 2, + "title": "The Channel Line", + "page": 89 }, { "level": 2, - "title": "TRANSFORMING NONLINEAR TO LINEAR", - "page": 276 + "title": "Percentage Retracements", + "page": 94 }, { "level": 2, - "title": "EVALUATION OF TWO-VARIABLE TECHNIQUES", - "page": 277 + "title": "Speed Resistance Lines", + "page": 96 }, { - "level": 3, - "title": "Direct Relationships", - "page": 278 + "level": 2, + "title": "Gann and Fibonacci Fan Lines", + "page": 98 }, { "level": 2, - "title": "MULTIVARIATE APPROXIMATIONS", - "page": 279 + "title": "Internal Trendlines", + "page": 99 }, { - "level": 3, - "title": "Selecting Data for an S&P Model", - "page": 283 + "level": 2, + "title": "Reversal Days", + "page": 99 }, { - "level": 3, - "title": "Generalized Multivariate Solution", - "page": 285 + "level": 2, + "title": "Price Gaps", + "page": 102 }, { - "level": 3, - "title": "Least-Squares Sinusoidal", - "page": 286 + "level": 2, + "title": "Conclusion", + "page": 105 + }, + { + "level": 1, + "title": "5 Major Reversal Patterns", + "page": 106 }, { "level": 2, - "title": "ARIMA", - "page": 287 + "title": "Introduction", + "page": 106 }, { - "level": 3, - "title": "Forecast Results", - "page": 290 + "level": 2, + "title": "Price Patterns", + "page": 106 }, { - "level": 3, - "title": "ARIMA Trading Strategies", - "page": 291 + "level": 2, + "title": "Two Types of Patterns: Reversal and Continuation", + "page": 107 }, { - "level": 3, - "title": "Kalman Filters", - "page": 292 + "level": 2, + "title": "The Head and Shoulders Reversal Pattern", + "page": 109 + }, + { + "level": 2, + "title": "The Importance of Volume", + "page": 113 }, { "level": 2, - "title": "BASIC TRADING SIGNALS USING A LINEAR REGRESSION MODEL", - "page": 293 + "title": "Finding a Price Objective", + "page": 113 }, { - "level": 3, - "title": "Adding Confidence Bands", - "page": 293 + "level": 2, + "title": "The Inverse Head and Shoulders", + "page": 115 }, { - "level": 3, - "title": "Using the Linear Regression Slope", - "page": 295 + "level": 2, + "title": "Complex Head and Shoulders Patterns", + "page": 117 }, { - "level": 3, - "title": "Adding Correlations", - "page": 295 + "level": 2, + "title": "Triple Tops and Bottoms", + "page": 119 }, { - "level": 3, - "title": "Forecast Oscillator", - "page": 296 + "level": 2, + "title": "Double Tops and Bottoms", + "page": 121 }, { "level": 2, - "title": "MEASURING MARKET STRENGTH", - "page": 296 + "title": "Variations from the Ideal Pattern", + "page": 124 }, { - "level": 1, - "title": "CHAPTER 7 Time-Based Trend Calculations", - "page": 299 + "level": 2, + "title": "Saucers and Spikes", + "page": 128 }, { "level": 2, - "title": "FORECASTING AND FOLLOWING", - "page": 299 + "title": "Conclusion", + "page": 129 }, { - "level": 3, - "title": "Least-Squares Model", - "page": 301 + "level": 1, + "title": "6 Continuation Patterns", + "page": 130 }, { - "level": 3, - "title": "Error Analysis", - "page": 301 + "level": 2, + "title": "Introduction", + "page": 130 }, { - "level": 3, - "title": "Limiting the Forecast to Direction", - "page": 303 + "level": 2, + "title": "Triangles", + "page": 131 }, { "level": 2, - "title": "PRICE CHANGE OVER TIME", - "page": 304 + "title": "The Symmetrical Triangle", + "page": 132 }, { "level": 2, - "title": "THE MOVING AVERAGE", - "page": 304 + "title": "The Ascending Triangle", + "page": 135 }, { - "level": 3, - "title": "User-Friendly Software", - "page": 306 + "level": 2, + "title": "The Descending Triangle", + "page": 137 }, { - "level": 3, - "title": "What Do You Average?", - "page": 306 + "level": 2, + "title": "The Broadening Formation", + "page": 139 }, { - "level": 3, - "title": "Types of Moving Averages", - "page": 307 + "level": 2, + "title": "Flags and Pennants", + "page": 140 }, { - "level": 3, - "title": "Triangular Weighting", - "page": 309 + "level": 2, + "title": "The Wedge Formation", + "page": 144 }, { - "level": 3, - "title": "Pivot-Point Weighting", - "page": 310 + "level": 2, + "title": "The Rectangle Formation", + "page": 145 }, { - "level": 3, - "title": "Standard Deviation Moving Average", - "page": 311 + "level": 2, + "title": "The Measured Move", + "page": 149 }, { "level": 2, - "title": "GEOMETRIC MOVING AVERAGE", - "page": 312 + "title": "The Continuation Head and Shoulders Pattern", + "page": 150 }, { "level": 2, - "title": "ACCUMULATIVE AVERAGE", - "page": 313 + "title": "Confirmation and Divergence", + "page": 152 }, { "level": 2, - "title": "RESET ACCUMULATIVE AVERAGE", - "page": 313 + "title": "Conclusion", + "page": 153 + }, + { + "level": 1, + "title": "7 Volume and Open Interest", + "page": 154 }, { "level": 2, - "title": "DROP-OFF EFFECT", - "page": 313 + "title": "Introduction", + "page": 154 }, { "level": 2, - "title": "EXPONENTIAL SMOOTHING", - "page": 313 + "title": "Volume and Open Interest as Secondary Indicators", + "page": 154 }, { - "level": 3, - "title": "The Common Form of Exponential Smoothing", - "page": 314 + "level": 2, + "title": "Interpretation of Volume for All Markets", + "page": 158 }, { - "level": 3, - "title": "The Smoothing Constant Expressed in Days", - "page": 315 + "level": 2, + "title": "Interpretation of Open Interest in Futures", + "page": 164 }, { - "level": 3, - "title": "Estimating Residual Impact", - "page": 316 + "level": 2, + "title": "Summary of Volume and Open Interest Rules", + "page": 169 }, { - "level": 3, - "title": "Relating Exponential and Standard Averages", - "page": 318 + "level": 2, + "title": "Blowoffs and Selling Climaxes", + "page": 169 }, { - "level": 3, - "title": "Correcting for the Lag", - "page": 321 + "level": 2, + "title": "Commitments of Traders Report", + "page": 169 }, { - "level": 3, - "title": "Double Smoothing", - "page": 321 + "level": 2, + "title": "Watch the Commercials", + "page": 170 }, { - "level": 3, - "title": "Double Smoothing of Price Changes", - "page": 323 + "level": 2, + "title": "Net Trader Positions", + "page": 171 }, { - "level": 3, - "title": "Comparison of Exponential Smoothing Methods", - "page": 324 + "level": 2, + "title": "Open Interest In Options", + "page": 171 }, { - "level": 3, - "title": "Regularization", - "page": 325 + "level": 2, + "title": "Put/Call Ratios", + "page": 172 }, { - "level": 3, - "title": "Hull Moving Average", - "page": 326 + "level": 2, + "title": "Combine Option Sentiment With Technicals", + "page": 173 }, { "level": 2, - "title": "PLOTTING LAGS AND LEADS", - "page": 327 + "title": "Conclusion", + "page": 173 }, { "level": 1, - "title": "CHAPTER 8 Trend Systems", - "page": 329 + "title": "8 Long Term Charts", + "page": 175 }, { "level": 2, - "title": "WHY TREND SYSTEMS WORK", - "page": 329 - }, - { - "level": 3, - "title": "How Often Do Markets Trend?", - "page": 330 + "title": "Introduction", + "page": 175 }, { - "level": 3, - "title": "The Fat Tail", - "page": 330 + "level": 2, + "title": "The Importance of Longer Range Perspective", + "page": 175 }, { - "level": 3, - "title": "Distribution of Profits and Losses", - "page": 331 + "level": 2, + "title": "Construction of Continuation Charts for Futures", + "page": 176 }, { - "level": 3, - "title": "Time Intervals, Market Maturity, and Trends", - "page": 333 + "level": 2, + "title": "The Perpetual Contract™", + "page": 177 }, { "level": 2, - "title": "BASIC BUY AND SELL SIGNALS", - "page": 334 + "title": "Long Term Trends Dispute Randomness", + "page": 178 }, { - "level": 3, - "title": "Using the Trendline for Signals", - "page": 335 + "level": 2, + "title": "Patterns on Charts: Weekly and Monthly Reversals", + "page": 178 }, { - "level": 3, - "title": "Comparing Basic Trading Signals", - "page": 335 + "level": 2, + "title": "Long Term to Short Term Charts", + "page": 178 }, { - "level": 3, - "title": "Anticipating the Trend Signal", - "page": 336 + "level": 2, + "title": "Why Should Long Range Charts Be Adjusted for Inflation?", + "page": 179 }, { - "level": 3, - "title": "Profile of a Simple Moving Average System", - "page": 337 + "level": 2, + "title": "Long Term Charts Not Intended for Trading Purposes", + "page": 180 }, { "level": 2, - "title": "BANDS AND CHANNELS", - "page": 340 + "title": "Examples of Long Term Charts", + "page": 181 }, { - "level": 3, - "title": "Bands Formed by Highs and Lows", - "page": 340 + "level": 1, + "title": "9 Moving Averages", + "page": 187 }, { - "level": 3, - "title": "Keltner Channels", - "page": 341 + "level": 2, + "title": "Introduction", + "page": 187 }, { - "level": 3, - "title": "Percentage Bands", - "page": 341 + "level": 2, + "title": "The Moving Average: A Smoothing Device with a Time Lag", + "page": 188 }, { - "level": 3, - "title": "Volatility Bands", - "page": 342 + "level": 2, + "title": "Moving Average Envelopes", + "page": 197 }, { - "level": 3, + "level": 2, "title": "Bollinger Bands", - "page": 343 + "page": 198 }, { - "level": 3, - "title": "Rules for Using Bands", - "page": 346 + "level": 2, + "title": "Using Bollinger Bands as Targets", + "page": 200 }, { - "level": 3, - "title": "Timing the Order", - "page": 348 + "level": 2, + "title": "Band Width Measures Volatility", + "page": 200 }, { - "level": 3, - "title": "The Compromise between Reliability and Delay", - "page": 349 + "level": 2, + "title": "Moving Averages Tied to Cycles", + "page": 201 }, { - "level": 3, - "title": "Bollinger on Bollinger Bands", - "page": 349 + "level": 2, + "title": "Fibonacci Numbers Used as Moving Averages", + "page": 202 }, { - "level": 3, - "title": "Combining Bollinger with Other Indicators", - "page": 350 + "level": 2, + "title": "Moving Averages Applied to Long Term Charts", + "page": 202 }, { "level": 2, - "title": "APPLICATIONS OF A SINGLE TREND", - "page": 350 + "title": "The Weekly Rule", + "page": 204 }, { - "level": 3, - "title": "A Simple Momentum System", - "page": 351 + "level": 2, + "title": "To Optimize or Not", + "page": 209 }, { - "level": 3, - "title": "A Step-Weighted Moving Average", - "page": 351 + "level": 2, + "title": "Summary", + "page": 209 }, { - "level": 3, - "title": "The Volatility System", - "page": 353 + "level": 2, + "title": "The Adaptive Moving Average", + "page": 210 }, { - "level": 3, - "title": "The 10-Day Moving Average Rule", - "page": 353 + "level": 2, + "title": "Alternatives to the Moving Average", + "page": 210 }, { - "level": 3, - "title": "TRIX, Triple Exponential Smoothing", - "page": 354 + "level": 1, + "title": "10 Oscillators and Contrary Opinion", + "page": 212 }, { - "level": 3, - "title": "Raschke’s First Cross", - "page": 355 + "level": 2, + "title": "Introduction", + "page": 212 }, { "level": 2, - "title": "COMPARISON OF MAJOR TREND SYSTEMS", - "page": 356 + "title": "Oscillator Usage in Conjunction with Trend", + "page": 213 }, { - "level": 3, - "title": "Trading Rules", - "page": 357 + "level": 2, + "title": "Measuring Momentum", + "page": 214 }, { - "level": 3, - "title": "Spreadsheet Example", - "page": 358 + "level": 2, + "title": "Measuring Rate of Change (ROC)", + "page": 219 }, { - "level": 3, - "title": "Comparative Results", - "page": 360 + "level": 2, + "title": "Constructing an Oscillator Using Two Moving Averages", + "page": 219 }, { - "level": 3, - "title": "Different Trend Philosophies", - "page": 362 + "level": 2, + "title": "Commodity Channel Index", + "page": 222 }, { - "level": 3, - "title": "Different Risk Profiles", - "page": 362 + "level": 2, + "title": "The Relative Strength Index (RSI)", + "page": 224 }, { - "level": 3, - "title": "Expectations", - "page": 366 + "level": 2, + "title": "Using the 70 and 30 Lines to Generate Signals", + "page": 230 }, { - "level": 3, - "title": "Robust Testing", - "page": 368 + "level": 2, + "title": "Stochastics (K%D)", + "page": 230 }, { - "level": 3, - "title": "Which System Is Best?", - "page": 369 + "level": 2, + "title": "Larry Williams %R", + "page": 233 }, { - "level": 3, - "title": "Programs for the Six Systems", - "page": 369 + "level": 2, + "title": "The Importance of Trend", + "page": 234 }, { "level": 2, - "title": "TECHNIQUES USING TWO TRENDLINES", - "page": 370 + "title": "When Oscillators are Most Useful", + "page": 235 }, { - "level": 3, - "title": "Donchian’s 5- and 20-Day Moving Average System", - "page": 372 + "level": 2, + "title": "Moving Average Convergence/Divergence (MACD)", + "page": 236 }, { - "level": 3, - "title": "Donchian’s 20- and 40-Day Breakout", - "page": 373 + "level": 2, + "title": "MACD Histogram", + "page": 238 }, { - "level": 3, - "title": "The Golden Cross and the Death Cross", - "page": 374 + "level": 2, + "title": "Combine Weeklies and Dailies", + "page": 239 }, { - "level": 3, - "title": "Staying Ahead of the Crowd", - "page": 375 + "level": 2, + "title": "The Principle of Contrary Opinion in Futures", + "page": 240 }, { "level": 2, - "title": "MULTIPLE TRENDS AND COMMON SENSE", - "page": 376 + "title": "Investor Sentiment Readings", + "page": 243 }, { - "level": 3, - "title": "Three Trends", - "page": 377 + "level": 2, + "title": "Investors Intelligence Numbers", + "page": 244 }, { - "level": 3, - "title": "Modified 3-Crossover Model", - "page": 378 + "level": 1, + "title": "11 Point and Figure Charting", + "page": 246 }, { - "level": 3, - "title": "4-9-18 Crossover Model", - "page": 378 + "level": 2, + "title": "Introduction", + "page": 246 }, { "level": 2, - "title": "COMPREHENSIVE STUDIES", - "page": 379 + "title": "The Point and Figure Versus the Bar Chart", + "page": 246 }, { "level": 2, - "title": "SELECTING THE RIGHT TREND METHOD AND SPEED", - "page": 379 + "title": "Construction of the Intraday Point and Figure Chart", + "page": 250 }, { - "level": 3, - "title": "Selecting the Trend Speed", - "page": 380 + "level": 2, + "title": "The Horizontal Count", + "page": 253 }, { "level": 2, - "title": "MOVING AVERAGE SEQUENCES: SIGNAL PROGRESSION", - "page": 383 + "title": "Price Patterns", + "page": 254 }, { - "level": 3, - "title": "Averaging the Sequences", - "page": 384 + "level": 2, + "title": "3 Box Reversal Point and Figure Charting", + "page": 256 }, { "level": 2, - "title": "EARLY EXITS FROM A TREND", - "page": 386 + "title": "Construction of the 3 Point Reversal Chart", + "page": 257 }, { "level": 2, - "title": "MOVING AVERAGE PROJECTED CROSSOVERS", - "page": 386 + "title": "The Drawing of Trendlines", + "page": 261 }, { - "level": 1, - "title": "CHAPTER 9 Momentum and Oscillators", - "page": 389 + "level": 2, + "title": "Measuring Techniques", + "page": 264 }, { "level": 2, - "title": "MOMENTUM", - "page": 390 + "title": "Trading Tactics", + "page": 265 }, { - "level": 3, - "title": "Characteristics of Momentum", - "page": 392 + "level": 2, + "title": "Advantages of Point and Figure Charts", + "page": 266 }, { - "level": 3, - "title": "Momentum as a Percentage", - "page": 393 + "level": 2, + "title": "P&F Technical Indicators", + "page": 270 }, { - "level": 3, - "title": "Momentum as the Difference between Price and Trend", - "page": 394 + "level": 2, + "title": "Computerized P&F Charting", + "page": 270 }, { - "level": 3, - "title": "Momentum as a Trend Indicator", - "page": 394 + "level": 2, + "title": "P&F Moving Averages", + "page": 272 }, { - "level": 3, - "title": "Timing an Entry", - "page": 396 + "level": 2, + "title": "Conclusion", + "page": 273 }, { - "level": 3, - "title": "Identifying and Fading Price Extremes", - "page": 397 + "level": 1, + "title": "12 Japanese Candlesticks", + "page": 274 }, { - "level": 3, - "title": "High-Momentum Trading", - "page": 401 + "level": 2, + "title": "Introduction", + "page": 274 }, { - "level": 3, - "title": "Moving Average Convergence/Divergence (MACD)", - "page": 402 + "level": 2, + "title": "Candlestick Charting", + "page": 274 }, { "level": 2, - "title": "DIVERGENCE INDEX", - "page": 404 + "title": "Basic Candlesticks", + "page": 276 }, { "level": 2, - "title": "OSCILLATORS", - "page": 405 + "title": "Candle Pattern Analysis", + "page": 278 }, { - "level": 3, - "title": "Relative Strength Index", - "page": 406 + "level": 2, + "title": "Filtered Candle Patterns", + "page": 283 }, { - "level": 3, - "title": "Stochastics", - "page": 412 + "level": 2, + "title": "Conclusion", + "page": 284 }, { - "level": 3, - "title": "Left and Right Crossovers", - "page": 415 + "level": 2, + "title": "Candle Patterns", + "page": 285 }, { - "level": 3, - "title": "Creating a Stochastic from the RSI", - "page": 416 + "level": 1, + "title": "13 Elliott Wave Theory", + "page": 294 }, { - "level": 3, - "title": "Williams’s Oscillators", - "page": 417 + "level": 2, + "title": "Historical Background", + "page": 294 }, { - "level": 3, - "title": "Relative Vigor Index", - "page": 423 + "level": 2, + "title": "Basic Tenets of the Elliott Wave Principle", + "page": 294 }, { "level": 2, - "title": "DOUBLE-SMOOTHED MOMENTUM", - "page": 424 + "title": "Connection Between Elliott Wave and Dow Theory", + "page": 298 }, { - "level": 3, - "title": "True Strength Index", - "page": 424 + "level": 2, + "title": "Corrective Waves", + "page": 299 }, { - "level": 3, - "title": "Double-Smoothed Stochastics", - "page": 426 + "level": 2, + "title": "The Rule of Alternation", + "page": 307 }, { - "level": 3, - "title": "TRIX", - "page": 426 + "level": 2, + "title": "Channeling", + "page": 308 }, { - "level": 3, - "title": "Changing the Divisor", - "page": 428 + "level": 2, + "title": "Wave 4 as a Support Area", + "page": 309 }, { - "level": 3, - "title": "An Oscillator to Distinguish between Trending and Sideways Markets", - "page": 428 + "level": 2, + "title": "Fibonacci Numbers as the Basis of the Wave Principle", + "page": 309 }, { - "level": 3, - "title": "Adding Volume to Momentum", - "page": 428 + "level": 2, + "title": "Fibonacci Ratios and Retracements", + "page": 310 }, { - "level": 3, - "title": "Scaling by a Percentage or Volatility", - "page": 429 + "level": 2, + "title": "Fibonacci Time Targets", + "page": 313 }, { - "level": 3, - "title": "Volume-Weighted RSI", - "page": 429 + "level": 2, + "title": "Combining All Three Aspects of Wave Theory", + "page": 313 }, { - "level": 3, - "title": "Herrick Payoff Index", - "page": 430 + "level": 2, + "title": "Elliott Wave Applied to Stocks Versus Commodities", + "page": 315 }, { - "level": 3, - "title": "Comments on the Use of Volume", - "page": 431 + "level": 2, + "title": "Summary and Conclusions", + "page": 315 }, { "level": 2, - "title": "VELOCITY AND ACCELERATION", - "page": 432 + "title": "Reference Material", + "page": 317 }, { - "level": 3, - "title": "Finding the Velocity and Acceleration of Different Techniques", - "page": 434 + "level": 1, + "title": "14 Time Cycles", + "page": 318 }, { - "level": 3, - "title": "Using Velocity and Acceleration to Identify a Sideways Market", - "page": 435 + "level": 2, + "title": "Introduction", + "page": 318 }, { - "level": 3, - "title": "Quick Calculation of Velocity and Acceleration", - "page": 435 + "level": 2, + "title": "Cycles", + "page": 319 }, { "level": 2, - "title": "HYBRID MOMENTUM TECHNIQUES", - "page": 436 + "title": "How Cyclic Concepts Help Explain Charting Techniques", + "page": 328 }, { - "level": 3, - "title": "Combining a Trend and an Oscillator", - "page": 436 + "level": 2, + "title": "Dominant Cycles", + "page": 331 }, { - "level": 3, - "title": "Cambridge Hook", - "page": 438 + "level": 2, + "title": "Combining Cycle Lengths", + "page": 333 }, { "level": 2, - "title": "MOMENTUM DIVERGENCE", - "page": 438 + "title": "The Importance of Trend", + "page": 334 }, { - "level": 3, - "title": "An Amazon.com Example Using Momentum Peaks", - "page": 440 + "level": 2, + "title": "Left and Right Translation", + "page": 335 }, { - "level": 3, - "title": "Trading Rules for Divergence", - "page": 441 + "level": 2, + "title": "How to Isolate Cycles", + "page": 335 }, { - "level": 3, - "title": "Programming Divergence", - "page": 443 + "level": 2, + "title": "Seasonal Cycles", + "page": 340 }, { - "level": 3, - "title": "Slope Divergence", - "page": 444 + "level": 2, + "title": "Stock Market Cycles", + "page": 344 }, { "level": 2, - "title": "SOME FINAL COMMENTS ON MOMENTUM", - "page": 446 + "title": "The January Barometer", + "page": 344 }, { - "level": 1, - "title": "CHAPTER 10 Seasonality and Calendar Patterns", - "page": 447 + "level": 2, + "title": "The Presidential Cycle", + "page": 345 }, { "level": 2, - "title": "A CONSISTENT FACTOR", - "page": 448 + "title": "Combining Cycles with Other Technical Tools", + "page": 345 }, { "level": 2, - "title": "THE SEASONAL PATTERN", - "page": 449 + "title": "Maximum Entropy Spectral Analysis", + "page": 345 }, { "level": 2, - "title": "POPULAR METHODS FOR CALCULATING SEASONALITY", - "page": 450 + "title": "Cycle Reading and Software", + "page": 346 }, { - "level": 3, - "title": "An Important Note about the Data", - "page": 450 + "level": 1, + "title": "15 Computers and Trading Systems", + "page": 347 }, { - "level": 3, - "title": "Seasonal Decomposition", - "page": 450 + "level": 2, + "title": "Introduction", + "page": 347 }, { - "level": 3, - "title": "Detrending", - "page": 451 + "level": 2, + "title": "Some Computer Needs", + "page": 348 }, { - "level": 3, - "title": "Basic Calculation Components", - "page": 451 + "level": 2, + "title": "Grouping Tools and Indicators", + "page": 349 }, { - "level": 3, - "title": "A Program to Create a Table of Monthly Price Changes", - "page": 453 + "level": 2, + "title": "Using the Tools and Indicators", + "page": 349 }, { - "level": 3, - "title": "Removing the Trend with First Differences", - "page": 458 + "level": 2, + "title": "Welles Wilder’s Parabolic and Directional Movement Systems", + "page": 350 }, { - "level": 3, - "title": "Effects of a Few Volatile Years", - "page": 460 + "level": 2, + "title": "Pros and Cons of System Trading", + "page": 356 }, { - "level": 3, - "title": "Method of Yearly Averages", - "page": 461 + "level": 2, + "title": "Need Expert Help?", + "page": 357 }, { - "level": 3, - "title": "The Method of Link Relatives", - "page": 464 + "level": 2, + "title": "Test Systems or Create Your Own", + "page": 358 }, { - "level": 3, - "title": "The Moving Average Method", - "page": 467 + "level": 2, + "title": "Conclusion", + "page": 358 }, { - "level": 3, - "title": "X-11 and X-12 ARIMA Methods", - "page": 467 + "level": 1, + "title": "16 Money Management and Trading Tactics", + "page": 360 }, { - "level": 3, - "title": "Winter’s Method", - "page": 471 + "level": 2, + "title": "Introduction", + "page": 360 }, { - "level": 3, - "title": "Changes in Seasonal Patterns", - "page": 472 + "level": 2, + "title": "The Three Elements of Successful Trading", + "page": 360 }, { - "level": 3, - "title": "Seasonal Volatility", - "page": 473 + "level": 2, + "title": "Money Management", + "page": 361 }, { - "level": 3, - "title": "Weather Sensitivity", - "page": 474 + "level": 2, + "title": "Reward to Risk Ratios", + "page": 363 }, { - "level": 3, - "title": "Measuring Weather Sensitivity", - "page": 475 + "level": 2, + "title": "Trading Multiple Positions: Trending versus Trading Units", + "page": 364 }, { "level": 2, - "title": "SEASONAL FILTERS", - "page": 476 + "title": "What to Do After Periods of Success and Adversity", + "page": 364 }, { - "level": 3, - "title": "Years with Similar Characteristics", - "page": 479 + "level": 2, + "title": "Trading Tactics", + "page": 365 }, { - "level": 3, - "title": "Seasonal and Nonseasonal Market Patterns", - "page": 480 + "level": 2, + "title": "Combining Technical Factors and Money Management", + "page": 367 }, { - "level": 3, - "title": "Seasonal Patterns in Stocks", - "page": 489 + "level": 2, + "title": "Types of Trading Orders", + "page": 368 }, { - "level": 3, - "title": "Seasonality for Trading", - "page": 490 + "level": 2, + "title": "From Daily Charts to Intraday Price Charts", + "page": 369 }, { - "level": 3, - "title": "Seasonal Studies and Key Dates", - "page": 491 + "level": 2, + "title": "The Use of Intraday Pivot Points", + "page": 371 }, { "level": 2, - "title": "SEASONALITY AND THE STOCK MARKET", - "page": 498 + "title": "Summary of Money Management and Trading Guidelines", + "page": 372 }, { - "level": 3, - "title": "The Holiday Effect for Stocks", - "page": 499 + "level": 2, + "title": "Application to Stocks", + "page": 373 }, { - "level": 3, - "title": "The Month-End Effect", - "page": 500 + "level": 2, + "title": "Asset Allocation", + "page": 373 }, { - "level": 3, - "title": "The Hirsch Strategy", - "page": 500 + "level": 2, + "title": "Managed Accounts and Mutual Funds", + "page": 373 }, { - "level": 3, - "title": "The January Effect", - "page": 501 + "level": 2, + "title": "Market Profile", + "page": 374 }, { - "level": 3, - "title": "Risks of September and October", - "page": 503 + "level": 1, + "title": "17 The Link Between Stocks and Futures: Intermarket Analysis", + "page": 375 }, { "level": 2, - "title": "COMMON SENSE AND SEASONALITY", - "page": 503 + "title": "Intermarket Analysis", + "page": 376 }, { - "level": 3, - "title": "Being Too Specific about Targets", - "page": 504 + "level": 2, + "title": "Program Trading: The Ultimate Link", + "page": 376 }, { - "level": 1, - "title": "CHAPTER 11 Cycle Analysis", - "page": 505 + "level": 2, + "title": "The Link Between Bonds and Stocks", + "page": 378 }, { "level": 2, - "title": "CYCLE BASICS", - "page": 505 + "title": "The Link Between Bonds and Commodities", + "page": 379 }, { - "level": 3, - "title": "Observing the Cycle", - "page": 506 + "level": 2, + "title": "The Link Between Commodities and the Dollar", + "page": 379 }, { - "level": 3, - "title": "Basic Cycle Identification", - "page": 507 + "level": 2, + "title": "Stock Sectors and Industry Groups", + "page": 381 }, { - "level": 3, - "title": "The Business Cycle", - "page": 510 + "level": 2, + "title": "The Dollar and Large Caps", + "page": 382 }, { - "level": 3, - "title": "The Kondratieff Wave", - "page": 510 + "level": 2, + "title": "Intermarket Analysis and Mutual Funds", + "page": 382 }, { - "level": 3, - "title": "Presidential Election Cycle", - "page": 512 + "level": 2, + "title": "Relative Strength Analysis", + "page": 383 }, { "level": 2, - "title": "UNCOVERING THE CYCLE", - "page": 514 + "title": "Relative Strength and Sectors", + "page": 385 }, { - "level": 3, - "title": "Removing the Trend", - "page": 514 + "level": 2, + "title": "Relative Strength and Individual Stocks", + "page": 386 }, { - "level": 3, - "title": "Terminology", - "page": 516 + "level": 2, + "title": "Top-Down Market Approach", + "page": 386 }, { - "level": 3, - "title": "Trigonometric Price Analysis", - "page": 517 + "level": 2, + "title": "Deflation Scenario", + "page": 387 }, { - "level": 3, - "title": "2-Frequency Trigonometric Regression", - "page": 522 + "level": 2, + "title": "Intermarket Correlation", + "page": 388 }, { - "level": 3, - "title": "Fourier Analysis: Complex Trigonometric Regression", - "page": 525 + "level": 2, + "title": "Intermarket Neural Network Software", + "page": 389 }, { - "level": 3, - "title": "Using Excel’s Fourier Analysis", - "page": 531 + "level": 2, + "title": "Conclusion", + "page": 389 }, { - "level": 2, - "title": "MAXIMUM ENTROPY", - "page": 534 + "level": 1, + "title": "18 Stock Market Indicators", + "page": 391 }, { - "level": 3, - "title": "Using the Phase Angle", - "page": 534 + "level": 2, + "title": "Measuring Market Breadth", + "page": 391 }, { - "level": 3, - "title": "Finding the Cycle Using the Hilbert Transform", - "page": 536 + "level": 2, + "title": "Sample Data", + "page": 391 }, { - "level": 3, - "title": "The Fisher Transform", - "page": 538 + "level": 2, + "title": "Comparing Market Averages", + "page": 392 }, { "level": 2, - "title": "CYCLE CHANNEL INDEX", - "page": 540 + "title": "The Advance-Decline Line", + "page": 393 }, { "level": 2, - "title": "SHORT CYCLE INDICATOR", - "page": 541 + "title": "AD Divergence", + "page": 394 }, { "level": 2, - "title": "PHASING", - "page": 543 + "title": "Daily Versus Weekly AD Lines", + "page": 394 }, { - "level": 1, - "title": "CHAPTER 12 Volume, Open Interest, and Breadth", - "page": 547 + "level": 2, + "title": "Variations in AD Line", + "page": 395 }, { "level": 2, - "title": "A SPECIAL CASE FOR FUTURES VOLUME", - "page": 547 + "title": "McClellan Oscillator", + "page": 395 }, { - "level": 3, - "title": "Tick Volume", - "page": 548 + "level": 2, + "title": "McClellan Summation Index", + "page": 396 }, { "level": 2, - "title": "VARIATIONS FROM THE NORMAL PATTERNS", - "page": 549 + "title": "New Highs Versus New Lows", + "page": 397 }, { - "level": 3, - "title": "The W Intraday Pattern", - "page": 549 + "level": 2, + "title": "New High-New Low Index", + "page": 398 }, { - "level": 3, - "title": "Variance in Volume", - "page": 549 + "level": 2, + "title": "Upside Versus Downside Volume", + "page": 399 }, { - "level": 3, - "title": "Volume Spikes", - "page": 550 + "level": 2, + "title": "The Arms Index", + "page": 400 }, { - "level": 3, - "title": "Drop in Volume", - "page": 550 + "level": 2, + "title": "TRIN Versus TICK", + "page": 401 }, { "level": 2, - "title": "STANDARD INTERPRETATION", - "page": 551 + "title": "Smoothing the Arms Index", + "page": 401 }, { - "level": 3, - "title": "Volume and Open Interest", - "page": 552 + "level": 2, + "title": "Open Arms", + "page": 402 }, { - "level": 3, - "title": "Exceptions", - "page": 553 + "level": 2, + "title": "Equivolume Charting", + "page": 402 }, { - "level": 3, - "title": "Richard Arms’ Equivolume", - "page": 554 + "level": 2, + "title": "Candlepower", + "page": 404 }, { - "level": 3, - "title": "Herrick Payoff Index", - "page": 554 + "level": 2, + "title": "Comparing Market Averages", + "page": 405 }, { - "level": 3, - "title": "Volume Is a Predictor of Volatility", - "page": 554 + "level": 2, + "title": "Conclusion", + "page": 407 }, { - "level": 2, - "title": "VOLUME INDICATORS", - "page": 555 + "level": 1, + "title": "19 Pulling It All Together—A Checklist", + "page": 408 }, { - "level": 3, - "title": "Average Volume", - "page": 555 + "level": 2, + "title": "Technical Checklist", + "page": 408 }, { - "level": 3, - "title": "Normalizing the Volume", - "page": 555 + "level": 2, + "title": "How to Coordinate Technical and Fundamental Analysis", + "page": 410 }, { - "level": 3, - "title": "Volume Momentum and Percentage Change", - "page": 555 + "level": 2, + "title": "Chartered Market Technician (CMT)", + "page": 410 }, { - "level": 3, - "title": "Force Index", - "page": 556 + "level": 2, + "title": "Market Technicians Association (MTA)", + "page": 411 }, { - "level": 3, - "title": "Volume Oscillator", - "page": 556 + "level": 2, + "title": "The Global Reach of Technical Analysis", + "page": 411 }, { - "level": 3, - "title": "On-Balance Volume", - "page": 557 + "level": 2, + "title": "Technical Analysis by Any Name", + "page": 412 }, { - "level": 3, - "title": "Volume Accumulator", - "page": 560 + "level": 2, + "title": "Federal Reserve Finally Approves", + "page": 412 }, { - "level": 3, - "title": "Accumulation Distribution", - "page": 561 + "level": 2, + "title": "Conclusion", + "page": 413 }, { - "level": 3, - "title": "Intraday Intensity", - "page": 561 + "level": 1, + "title": "A Advanced Technical Indicators", + "page": 416 }, { - "level": 3, - "title": "Price and Volume Trend, the Positive Volume Index, and the Negative Volume Index", - "page": 561 + "level": 2, + "title": "Demand Index (DI)", + "page": 416 }, { - "level": 3, - "title": "Aspray’s Demand Oscillator", - "page": 562 + "level": 2, + "title": "Herrick Payoff Index (HPI)", + "page": 418 }, { - "level": 3, - "title": "Tick Volume Indicator", - "page": 563 + "level": 2, + "title": "Starc Bands and Keltner Channels", + "page": 420 }, { - "level": 3, - "title": "Volume-Weighted MACD", - "page": 563 + "level": 2, + "title": "Formula for Demand Index", + "page": 423 }, { - "level": 3, - "title": "Variably Weighted Moving Average Using Volume", - "page": 564 + "level": 1, + "title": "B Market Profile", + "page": 425 }, { - "level": 3, - "title": "Substituting Open Interest for Volume Using Futures", - "page": 565 + "level": 2, + "title": "Introduction", + "page": 425 }, { - "level": 3, - "title": "VWAP", - "page": 566 + "level": 2, + "title": "Market Profile Graphic", + "page": 427 }, { "level": 2, - "title": "BREADTH INDICATORS", - "page": 566 + "title": "Market Structure", + "page": 428 }, { - "level": 3, - "title": "Separating Advancing from Declining Volume", - "page": 567 + "level": 2, + "title": "Market Profile Organizing Principles", + "page": 429 }, { - "level": 3, - "title": "Sibbett’s Demand Index", - "page": 568 + "level": 2, + "title": "Range Development and Profile Patterns", + "page": 433 }, { - "level": 3, - "title": "Bolton-Tremblay", - "page": 568 + "level": 2, + "title": "Tracking Longer Term Market Activity", + "page": 434 }, { - "level": 3, - "title": "Schultz", - "page": 568 + "level": 2, + "title": "Conclusion", + "page": 438 }, { - "level": 3, - "title": "McClellan Oscillator", - "page": 569 + "level": 1, + "title": "C The Essentials of Building a Trading System", + "page": 440 }, { - "level": 3, - "title": "Upside/Downside Ratio", - "page": 570 + "level": 2, + "title": "5-Step Plan", + "page": 441 }, { - "level": 3, - "title": "Arms Index (TRIN)", - "page": 570 + "level": 2, + "title": "Step 1: Start with a Concept (an Idea)", + "page": 441 }, { - "level": 3, - "title": "Thrust Oscillator", - "page": 570 + "level": 2, + "title": "Step 2: Turn Your Idea into a Set of Objective Rules", + "page": 443 }, { - "level": 3, - "title": "New Highs and Lows", - "page": 571 + "level": 2, + "title": "Step 3: Visually Check It Out on the Charts", + "page": 443 }, { - "level": 3, - "title": "Baskets of New Highs and Lows", - "page": 572 + "level": 2, + "title": "Step 4: Formally Test It with a Computer", + "page": 443 }, { - "level": 3, - "title": "Is One Volume or Breadth Indicator Better than Another?", - "page": 572 + "level": 2, + "title": "Step 5: Evaluate Results", + "page": 446 }, { - "level": 3, - "title": "Breadth as a Countertrend Indicator", - "page": 573 + "level": 2, + "title": "Money Management", + "page": 446 }, { "level": 2, - "title": "INTERPRETING VOLUME AND BREADTH SYSTEMATICALLY", - "page": 574 + "title": "Conclusion", + "page": 447 }, { - "level": 3, - "title": "Identifying a Volume Spike", - "page": 574 + "level": 1, + "title": "D Continuous Futures Contracts", + "page": 450 }, { - "level": 3, - "title": "Moving Average Approaches", - "page": 576 + "level": 2, + "title": "Nearest Contract", + "page": 450 }, { - "level": 3, - "title": "Advance-Decline System", - "page": 577 + "level": 2, + "title": "Next Contract", + "page": 451 }, { - "level": 3, - "title": "Breadth as a Counter-Trend Indicator", - "page": 578 + "level": 2, + "title": "Gann Contract", + "page": 451 }, { "level": 2, - "title": "AN INTEGRATED PROBABILITY MODEL", - "page": 578 + "title": "Continuous Contracts", + "page": 452 }, { "level": 2, - "title": "INTRADAY VOLUME PATTERNS", - "page": 579 + "title": "Constant Forward Continuous Contracts", + "page": 452 }, { - "level": 3, - "title": "Time Stamps", - "page": 580 + "level": 1, + "title": "Glossary", + "page": 454 }, { - "level": 3, - "title": "Intraday Patterns", - "page": 580 + "level": 1, + "title": "Selected Bibliography", + "page": 462 }, { - "level": 3, - "title": "Relative Changes in Volume", - "page": 582 + "level": 1, + "title": "Selected Resources", + "page": 466 }, { - "level": 2, - "title": "FILTERING LOW VOLUME", - "page": 582 - }, + "level": 1, + "title": "Index", + "page": 469 + } + ] + }, + { + "id": "the_new_trading_for_a_living", + "title": "The New Trading for a Living", + "author": "Alexander Elder", + "totalPages": 303, + "fileSize": 15716534, + "pdfUrl": "data/pdfs/the_new_trading_for_a_living.pdf", + "coverUrl": "data/covers/the_new_trading_for_a_living.jpg", + "layoutUrl": "data/layouts/the_new_trading_for_a_living.json", + "toc": [ { - "level": 3, - "title": "Removing Low-Volume Periods", - "page": 583 + "level": 1, + "title": "The New Trading for a Living", + "page": 3 }, { - "level": 3, - "title": "Removing Volume Associated with Small Price Moves", - "page": 583 + "level": 1, + "title": "CONTENTS", + "page": 9 }, { - "level": 2, - "title": "MARKET FACILITATION INDEX", - "page": 584 + "level": 1, + "title": "PREFACE", + "page": 13 }, { "level": 1, - "title": "CHAPTER 13 Spreads and Arbitrage", - "page": 585 + "title": "Introduction", + "page": 17 }, { "level": 2, - "title": "DYNAMICS OF FUTURES INTRAMARKET SPREADS", - "page": 586 + "title": "1. Trading—The Last Frontier", + "page": 17 }, { - "level": 2, - "title": "CARRYING CHARGES", - "page": 587 + "level": 3, + "title": "How I Began to Trade", + "page": 17 + }, + { + "level": 3, + "title": "Do You Really Want to Succeed?", + "page": 18 }, { "level": 2, - "title": "SPREADS IN STOCKS", - "page": 589 + "title": "2. Psychology Is the Key", + "page": 19 }, { "level": 3, - "title": "Globalization", - "page": 590 + "title": "Getting Off the Roller Coaster", + "page": 19 }, { - "level": 2, - "title": "SPREAD AND ARBITRAGE RELATIONSHIPS", - "page": 590 + "level": 3, + "title": "A Man’s Game?", + "page": 19 }, { - "level": 2, - "title": "RISK REDUCTION IN SPREADS", - "page": 591 + "level": 3, + "title": "How This Book Is Organized", + "page": 20 }, { "level": 2, - "title": "ARBITRAGE", - "page": 592 + "title": "3. The Odds against You", + "page": 21 }, { "level": 3, - "title": "Pricing of Futures Contracts", - "page": 592 + "title": "A Minus-Sum Game", + "page": 21 }, { "level": 3, - "title": "Interest Rate Parity", - "page": 594 + "title": "Commissions", + "page": 22 }, { "level": 3, - "title": "Program Trading", - "page": 596 + "title": "Slippage", + "page": 23 }, { "level": 3, - "title": "Merger Arbitrage", - "page": 599 + "title": "Bid-Ask Spreads", + "page": 24 }, { "level": 3, - "title": "Single Stock Futures and the Underlying Stock", - "page": 600 + "title": "The Barriers to Success", + "page": 24 }, { - "level": 3, - "title": "Intermarket Index Spreads", - "page": 601 + "level": 1, + "title": "PART 1 Individual Psychology", + "page": 25 }, { - "level": 3, - "title": "Pairs Trading", - "page": 603 + "level": 2, + "title": "4. Why Trade?", + "page": 25 }, { "level": 3, - "title": "Stock and Futures Relationships", - "page": 606 + "title": "Self-Fulfillment", + "page": 25 + }, + { + "level": 2, + "title": "5. Reality versus Fantasy", + "page": 26 }, { "level": 3, - "title": "Product Spreads", - "page": 607 + "title": "The Brain Myth", + "page": 27 }, { "level": 3, - "title": "Intercrop Spreads", - "page": 609 + "title": "The Undercapitalization Myth", + "page": 27 }, { "level": 3, - "title": "Butterfly Spreads", - "page": 611 + "title": "The Autopilot Myth", + "page": 28 }, { "level": 3, - "title": "The Yield Curve", - "page": 612 + "title": "The Cult of Personality", + "page": 29 }, { "level": 3, - "title": "Implied Interest Rates", - "page": 615 + "title": "Trade with Your Eyes Open", + "page": 32 }, { "level": 2, - "title": "THE CARRY TRADE", - "page": 616 + "title": "6. Self-Destructiveness", + "page": 32 }, { "level": 3, - "title": "The Basic Carry Trade", - "page": 617 + "title": "Gambling", + "page": 33 }, { - "level": 2, - "title": "CHANGING SPREAD RELATIONSHIPS", - "page": 620 + "level": 3, + "title": "Self-Sabotage", + "page": 33 }, { "level": 3, - "title": "Gold/Silver and Platinum/Gold Ratios", - "page": 620 + "title": "The Demolition Derby", + "page": 34 + }, + { + "level": 3, + "title": "Controlling Self-Destructiveness", + "page": 35 }, { "level": 2, - "title": "INTERMARKET SPREADS", - "page": 622 + "title": "7. Trading Psychology", + "page": 35 }, { "level": 3, - "title": "Increased Spread Risk", - "page": 624 + "title": "Bending the Rules", + "page": 35 }, { "level": 3, - "title": "Creating New Markets to Trade", - "page": 624 + "title": "The Insight That Changed My Trading", + "page": 36 + }, + { + "level": 2, + "title": "8. Trading Lessons from AA", + "page": 37 }, { "level": 3, - "title": "Trending or Mean Reverting?", - "page": 628 + "title": "Denial", + "page": 37 }, { "level": 3, - "title": "Timing the Relative-Value Trade", - "page": 632 + "title": "Rock Bottom", + "page": 38 }, { "level": 3, - "title": "Rating Services", - "page": 632 + "title": "The First Step", + "page": 38 }, { "level": 3, - "title": "Generalized Market Neutral Strategies", - "page": 633 + "title": "One Day at a Time", + "page": 38 }, { "level": 3, - "title": "Other Spread Issues", - "page": 634 + "title": "An AA Meeting", + "page": 39 }, { - "level": 1, - "title": "CHAPTER 14 Behavioral Techniques", - "page": 637 + "level": 2, + "title": "9. Losers Anonymous", + "page": 39 }, { - "level": 2, - "title": "MEASURING THE NEWS", - "page": 638 + "level": 3, + "title": "The Urge to Trade", + "page": 39 }, { "level": 3, - "title": "Ranking and Measuring", - "page": 640 + "title": "Into the Hole", + "page": 40 }, { "level": 3, - "title": "Trading on the News", - "page": 641 + "title": "Trader’s Rock Bottom", + "page": 40 }, { "level": 3, - "title": "Market Selectivity", - "page": 642 + "title": "Trader’s First Step", + "page": 41 }, { "level": 3, - "title": "Media Indicators", - "page": 642 + "title": "A Meeting for One", + "page": 42 }, { "level": 2, - "title": "EVENT TRADING", - "page": 643 + "title": "10. Winners and Losers", + "page": 43 }, { "level": 3, - "title": "Market Reactions to Reports", - "page": 644 + "title": "Like an Ocean", + "page": 43 }, { "level": 3, - "title": "Measuring an Event", - "page": 646 + "title": "Emotional Trading", + "page": 44 }, { "level": 3, - "title": "Trading the Event Lag", - "page": 646 + "title": "In Charge of Your Life", + "page": 45 }, { - "level": 3, - "title": "Results of Event Studies", - "page": 647 + "level": 1, + "title": "PART 2 Mass Psychology", + "page": 47 }, { - "level": 3, - "title": "Raschke Trades the News", - "page": 650 + "level": 2, + "title": "11. What Is Price?", + "page": 48 }, { "level": 3, - "title": "Finding Recent Patterns", - "page": 650 + "title": "A Consensus of Value", + "page": 48 }, { "level": 3, - "title": "Conditional Analysis of Shocks", - "page": 654 + "title": "Behavior Patterns", + "page": 48 }, { "level": 2, - "title": "COMMITMENT OF TRADERS REPORT", - "page": 655 + "title": "12. What Is the Market?", + "page": 49 }, { "level": 3, - "title": "Creating an Oscillator for the COT Numbers", - "page": 659 + "title": "Worldwide Crowds", + "page": 50 }, { - "level": 2, - "title": "OPINION AND CONTRARY OPINION", - "page": 661 + "level": 3, + "title": "Groups, Not Individuals", + "page": 50 }, { "level": 3, - "title": "Contrary Opinion", - "page": 661 + "title": "The Source of Money", + "page": 50 }, { "level": 3, - "title": "Commitment of Traders Sentiment Index", - "page": 665 + "title": "Inside Information", + "page": 51 }, { - "level": 3, - "title": "A Lesson from Put-Call Ratios", - "page": 666 + "level": 2, + "title": "13. The Trading Scene", + "page": 52 }, { "level": 3, - "title": "Dogs of the Dow and the Small Dogs", - "page": 666 + "title": "Individual Traders", + "page": 52 }, { "level": 3, - "title": "Watching the Big Block Transactions", - "page": 667 + "title": "Institutional Traders", + "page": 53 }, { - "level": 2, - "title": "FIBONACCI AND HUMAN BEHAVIOR", - "page": 668 + "level": 3, + "title": "The Sword Makers", + "page": 54 }, { "level": 3, - "title": "Application of Fibonacci Ratios", - "page": 671 + "title": "Advisors", + "page": 55 }, { "level": 2, - "title": "ELLIOTT’S WAVE PRINCIPLE", - "page": 671 - }, - { - "level": 3, - "title": "Elliott’s Sideways Markets", - "page": 674 + "title": "14. The Market Crowd and You", + "page": 55 }, { "level": 3, - "title": "Fitting the Market to the Patterns", - "page": 674 + "title": "Experts on Crowds", + "page": 56 }, { "level": 3, - "title": "Elliott’s Use of the Fibonacci Series", - "page": 674 + "title": "Why Join?", + "page": 56 }, { "level": 3, - "title": "Trading Elliott", - "page": 676 + "title": "Crowd Mentality", + "page": 57 }, { "level": 3, - "title": "The Super Cycle", - "page": 676 + "title": "Who Leads?", + "page": 57 }, { "level": 3, - "title": "Automating Elliott’s Wave Analysis", - "page": 678 + "title": "Independence", + "page": 58 }, { "level": 3, - "title": "A Comment on Elliott Wave Theory", - "page": 679 + "title": "A Positive Group", + "page": 58 }, { "level": 2, - "title": "PRICE TARGET CONSTRUCTIONS USING THE FIBONACCI RATIO", - "page": 680 + "title": "15. Psychology of Trends", + "page": 59 }, { "level": 3, - "title": "Alternate Arc Measurement", - "page": 682 + "title": "Strong Feelings", + "page": 59 }, { - "level": 2, - "title": "FISCHER’S GOLDEN SECTION COMPASS SYSTEM", - "page": 682 + "level": 3, + "title": "Rallies and Declines", + "page": 60 }, { "level": 3, - "title": "Price Goals", - "page": 684 + "title": "Price Shocks", + "page": 60 }, { "level": 3, - "title": "Filtering Highs and Lows", - "page": 685 + "title": "Social Psychology", + "page": 61 }, { "level": 2, - "title": "W. D. GANN—TIME AND SPACE", - "page": 686 + "title": "16. Managing versus Forecasting", + "page": 62 }, { "level": 3, - "title": "Time and Price", - "page": 686 + "title": "Poll-Taking", + "page": 63 }, { "level": 3, - "title": "Geometric Angles", - "page": 687 + "title": "A Crystal Ball", + "page": 63 }, { "level": 3, - "title": "The Hexagon Chart", - "page": 689 + "title": "Read the Market, Manage Yourself", + "page": 64 }, { - "level": 3, - "title": "Gann Software", - "page": 691 + "level": 1, + "title": "PART 3 Classical Chart Analysis", + "page": 65 }, { "level": 2, - "title": "FINANCIAL ASTROLOGY", - "page": 691 - }, - { - "level": 3, - "title": "The Jupiter-Saturn Cycle", - "page": 692 + "title": "17. Charting", + "page": 66 }, { "level": 3, - "title": "Major Physical Events", - "page": 694 + "title": "Brief History", + "page": 66 }, { "level": 3, - "title": "The Moon: Buy Full, Sell New", - "page": 697 + "title": "The Meaning of a Bar Chart", + "page": 67 }, { "level": 3, - "title": "Calculation of a New Moon, Full Moon, Solar and Lunar Eclipse", - "page": 697 + "title": "Japanese Candlesticks", + "page": 69 }, { "level": 3, - "title": "Example: Solar Eclipse of May 21, 1993", - "page": 702 + "title": "Efficient Markets, Random Walk, Chaos Theory, and “Nature’s Law”", + "page": 70 }, { - "level": 1, - "title": "CHAPTER 15 Pattern Recognition", - "page": 705 + "level": 2, + "title": "18. Support and Resistance", + "page": 71 }, { - "level": 2, - "title": "PROJECTING DAILY HIGHS AND LOWS", - "page": 707 + "level": 3, + "title": "Memories, Pain, and Regret", + "page": 72 }, { "level": 3, - "title": "Pivot Points", - "page": 707 + "title": "Strength of Support and Resistance", + "page": 74 }, { "level": 3, - "title": "DeMark’s Projected Ranges", - "page": 708 + "title": "Trading Rules", + "page": 74 }, { "level": 3, - "title": "Comparing the Two Ranges", - "page": 708 + "title": "True and False Breakouts", + "page": 75 }, { "level": 2, - "title": "TIME OF DAY", - "page": 709 + "title": "19. Trends and Trading Ranges", + "page": 76 }, { "level": 3, - "title": "Trading Habits Form Lasting Patterns", - "page": 709 + "title": "Mass Psychology", + "page": 78 }, { "level": 3, - "title": "Tubbs’ Intraday Patterns", - "page": 710 + "title": "The Hard Right Edge", + "page": 78 }, { "level": 3, - "title": "Merrill’s Intraday Patterns", - "page": 711 + "title": "Methods and Techniques", + "page": 78 }, { "level": 3, - "title": "Updating Intraday Time Patterns, 2000–2011", - "page": 711 + "title": "Trade or Wait", + "page": 80 }, { "level": 3, - "title": "Intraday Highs and Lows", - "page": 716 + "title": "Conflicting Timeframes", + "page": 80 }, { "level": 2, - "title": "OPENING GAPS", - "page": 719 + "title": "20. Kangaroo Tails", + "page": 81 }, { - "level": 3, - "title": "Gaps in Futures Markets", - "page": 720 + "level": 1, + "title": "PART 4 Computerized Technical Analysis", + "page": 85 }, { - "level": 3, - "title": "Do Individual Stocks Show Unique Gap Patterns?", - "page": 727 + "level": 2, + "title": "21. Computers in Trading", + "page": 85 }, { "level": 3, - "title": "A Simple Gap Trading Method for Stocks", - "page": 727 + "title": "Toolboxes", + "page": 86 }, { - "level": 2, - "title": "WEEKDAY, WEEKEND, AND REVERSAL PATTERNS", - "page": 731 + "level": 3, + "title": "Black Boxes and Gray Boxes", + "page": 87 }, { "level": 3, - "title": "Weekday Patterns", - "page": 731 + "title": "Computers", + "page": 87 }, { "level": 3, - "title": "emini S&P", - "page": 733 + "title": "Market Data", + "page": 88 }, { "level": 3, - "title": "Bank of America and Intel", - "page": 733 + "title": "Three Major Groups of Indicators", + "page": 89 }, { - "level": 3, - "title": "Weekend Patterns", - "page": 743 + "level": 2, + "title": "22. Moving Averages", + "page": 90 }, { "level": 3, - "title": "Combining Weekend and Weekday Patterns", - "page": 745 + "title": "Twice as Much Bark", + "page": 91 }, { "level": 3, - "title": "A Comment on Testing and Holidays", - "page": 745 + "title": "Market Psychology", + "page": 91 }, { "level": 3, - "title": "Day of the Month", - "page": 746 + "title": "Exponential Moving Averages", + "page": 92 }, { "level": 3, - "title": "Days-of-the-Month Summary", - "page": 749 + "title": "Choosing the Length of a Moving Average", + "page": 92 }, { "level": 3, - "title": "Reversal Patterns", - "page": 749 + "title": "Trading Rules", + "page": 93 }, { - "level": 2, - "title": "COMPUTER-BASED PATTERN RECOGNITION", - "page": 752 + "level": 3, + "title": "More on Moving Averages", + "page": 94 }, { "level": 3, - "title": "Repeated Patterns", - "page": 754 + "title": "Dual EMAs", + "page": 94 }, { - "level": 2, - "title": "ARTIFICIAL INTELLIGENCE METHODS", - "page": 755 + "level": 3, + "title": "Moving Averages and Channels", + "page": 95 }, { - "level": 1, - "title": "CHAPTER 16 Day Trading", - "page": 757 + "level": 3, + "title": "Prices, Values, and the Value Zone", + "page": 95 }, { "level": 2, - "title": "IMPACT OF TRANSACTION COSTS", - "page": 758 + "title": "23. Moving Average Convergence-Divergence: MACD Lines and MACD-Histogram", + "page": 96 }, { "level": 3, - "title": "Costs and Volatility", - "page": 758 + "title": "How to Create MACD", + "page": 97 }, { "level": 3, - "title": "Costs and Trading Strategy", - "page": 760 + "title": "Market Psychology", + "page": 97 }, { "level": 3, - "title": "Liquidity", - "page": 761 + "title": "Trading Rules for MACD Lines", + "page": 97 }, { "level": 3, - "title": "Estimating Slippage Costs", - "page": 763 + "title": "More on MACD Lines", + "page": 98 }, { "level": 3, - "title": "Volatility-Adjusted Slippage", - "page": 764 - }, - { - "level": 2, - "title": "KEY ELEMENTS OF DAY TRADING", - "page": 764 + "title": "MACD-Histogram", + "page": 99 }, { "level": 3, - "title": "Migration of Trading Techniques", - "page": 765 + "title": "Market Psychology", + "page": 100 }, { "level": 3, - "title": "Point-and-Figure for Short-Term Trading", - "page": 765 + "title": "Trading Rules", + "page": 100 }, { "level": 3, - "title": "Moving Averages", - "page": 766 + "title": "When to Expect a New Peak or Valley", + "page": 101 }, { "level": 3, - "title": "Choosing the Intraday Bar Size", - "page": 767 + "title": "More on MACD-Histogram", + "page": 101 }, { "level": 3, - "title": "Time-of-Day Patterns", - "page": 768 + "title": "Divergences", + "page": 102 }, { "level": 3, - "title": "Trading in the Wrong Time Zone", - "page": 769 + "title": "The Hound of the Baskervilles", + "page": 105 }, { "level": 2, - "title": "TRADING USING PRICE PATTERNS", - "page": 773 + "title": "24. The Directional System", + "page": 105 }, { "level": 3, - "title": "Variations on Support and Resistance", - "page": 773 + "title": "How to Construct the Directional System", + "page": 105 }, { "level": 3, - "title": "The Taylor Trading Technique", - "page": 775 - }, - { - "level": 2, - "title": "INTRADAY BREAKOUT SYSTEMS", - "page": 779 + "title": "Crowd Behavior", + "page": 107 }, { "level": 3, - "title": "Opening Range Breakout", - "page": 779 + "title": "Trading Rules", + "page": 109 }, { "level": 3, - "title": "Fading the Opening Range", - "page": 792 + "title": "Average True Range—Help from Volatility", + "page": 109 }, { "level": 2, - "title": "INTRADAY VOLUME PATTERNS", - "page": 794 + "title": "25. Oscillators", + "page": 111 }, { - "level": 2, - "title": "INTRADAY PRICE SHOCKS", - "page": 795 + "level": 3, + "title": "Overbought and Oversold", + "page": 111 }, { - "level": 1, - "title": "CHAPTER 17 Adaptive Techniques", - "page": 799 + "level": 2, + "title": "26. Stochastic", + "page": 111 }, { - "level": 2, - "title": "ADAPTIVE TREND CALCULATIONS", - "page": 799 + "level": 3, + "title": "Crowd Psychology", + "page": 112 }, { "level": 3, - "title": "Kaufman’s Adaptive Moving Average", - "page": 799 + "title": "Trading Rules", + "page": 113 }, { "level": 3, - "title": "Chande’s Variable Index Dynamic Average (VIDYA)", - "page": 804 + "title": "More on Stochastic", + "page": 115 + }, + { + "level": 2, + "title": "27. Relative Strength Index", + "page": 115 }, { "level": 3, - "title": "MESA Adaptive Moving Average", - "page": 806 + "title": "Mass Psychology", + "page": 116 }, { "level": 3, - "title": "Comparison of Adaptive Methods", - "page": 806 + "title": "Trading Rules", + "page": 117 + }, + { + "level": 1, + "title": "PART 5 Volume and Time", + "page": 119 }, { "level": 2, - "title": "ADAPTIVE VARIATIONS", - "page": 808 + "title": "28. Volume", + "page": 119 }, { "level": 3, - "title": "Making Momentum Calculations Adaptive", - "page": 808 + "title": "Crowd Psychology", + "page": 121 }, { "level": 3, - "title": "McGinley Dynamics", - "page": 810 + "title": "Trading Pointers", + "page": 122 }, { - "level": 3, - "title": "The Parabolic Time/Price System", - "page": 810 + "level": 2, + "title": "29. Volume-Based Indicators", + "page": 123 }, { "level": 3, - "title": "The Master Trading Formula", - "page": 812 + "title": "On-Balance Volume", + "page": 123 }, { - "level": 2, - "title": "OTHER ADAPTIVE MOMENTUM CALCULATIONS", - "page": 813 + "level": 3, + "title": "Crowd Psychology", + "page": 124 }, { "level": 3, - "title": "Trend-Adjusted Oscillator", - "page": 813 + "title": "Trading Signals", + "page": 124 }, { "level": 3, - "title": "Dynamic Momentum Index", - "page": 815 + "title": "More on OBV", + "page": 124 }, { - "level": 2, - "title": "ADAPTIVE INTRADAY BREAKOUT SYSTEM", - "page": 816 + "level": 3, + "title": "Accumulation/Distribution", + "page": 126 }, { - "level": 2, - "title": "AN ADAPTIVE PROCESS", - "page": 817 + "level": 3, + "title": "Crowd Behavior", + "page": 126 }, { "level": 3, - "title": "A Development Example", - "page": 817 + "title": "Trading Rules", + "page": 127 }, { - "level": 2, - "title": "CONSIDERING ADAPTIVE METHODS", - "page": 818 + "level": 3, + "title": "More on Accumulation/Distribution", + "page": 128 }, { - "level": 1, - "title": "CHAPTER 18 Price Distribution Systems", - "page": 821 + "level": 2, + "title": "30. Force Index", + "page": 128 }, { - "level": 2, - "title": "MEASURING DISTRIBUTION", - "page": 821 + "level": 3, + "title": "How to Construct Force Index", + "page": 128 }, { "level": 3, - "title": "Standard Deviation Bands", - "page": 822 + "title": "Trading Psychology", + "page": 129 }, { "level": 3, - "title": "Avoiding the Lag Problem", - "page": 823 + "title": "Trading Rules", + "page": 129 }, { "level": 2, - "title": "USE OF PRICE DISTRIBUTIONS AND PATTERNSTO ANTICIPATE MOVES", - "page": 825 + "title": "31. Open Interest", + "page": 133 }, { "level": 3, - "title": "Analysis of Zones", - "page": 825 + "title": "Crowd Psychology", + "page": 134 }, { "level": 3, - "title": "Zones for Forecasting Range and Controlling Risk", - "page": 827 + "title": "Trading Rules", + "page": 136 }, { "level": 3, - "title": "Zones Based on Daily Price Levels", - "page": 828 + "title": "More on Open Interest", + "page": 137 }, { "level": 2, - "title": "DISTRIBUTION OF PRICES", - "page": 831 - }, - { - "level": 3, - "title": "Long-Term Price Distributions", - "page": 831 + "title": "32. Time", + "page": 137 }, { "level": 3, - "title": "Short-Term Distributions", - "page": 836 + "title": "Cycles", + "page": 138 }, { "level": 3, - "title": "Identifying Potential Price Moves", - "page": 838 + "title": "Indicator Seasons", + "page": 138 }, { "level": 3, - "title": "Using Skewness to Identify a Trend", - "page": 838 + "title": "Market Time", + "page": 140 }, { "level": 3, - "title": "Trading Using Kurtosis and Skew", - "page": 839 + "title": "The Factor of Five", + "page": 141 }, { "level": 2, - "title": "STEIDLMAYER’S MARKET PROFILE", - "page": 842 + "title": "33. Trading Timeframes", + "page": 142 }, { "level": 3, - "title": "Construction of Market Profile", - "page": 844 + "title": "Investing", + "page": 142 }, { "level": 3, - "title": "Time/Price Opportunities", - "page": 845 + "title": "Swing Trading", + "page": 144 }, { "level": 3, - "title": "Typical Patterns", - "page": 846 + "title": "Day-Trading", + "page": 147 }, { - "level": 3, - "title": "What Are the Buyers and Sellers Doing?", - "page": 847 + "level": 1, + "title": "PART 6 General Market Indicators", + "page": 149 + }, + { + "level": 2, + "title": "34. The New High–New Low Index", + "page": 149 }, { "level": 3, - "title": "Quantifying the Value Area", - "page": 848 + "title": "How to Construct NH-NL", + "page": 150 }, { "level": 3, - "title": "Trending Markets", - "page": 848 + "title": "Crowd Psychology", + "page": 150 }, { "level": 3, - "title": "Some Points to Remember about Market Profile", - "page": 850 + "title": "Trading Rules for NH-NL", + "page": 151 }, { "level": 3, - "title": "Other Trading Platforms", - "page": 850 + "title": "NH-NL in Multiple Timeframes and Look-Back Periods", + "page": 153 }, { "level": 2, - "title": "USING DAILY DISTRIBUTIONS TO IDENTIFY SUPPORT AND RESISTANCE", - "page": 850 + "title": "35. Stocks above 50-Day MA", + "page": 155 }, { - "level": 1, - "title": "CHAPTER 19 Multiple Time Frames", - "page": 853 + "level": 2, + "title": "36. Other Stock Market Indicators", + "page": 156 }, { - "level": 2, - "title": "TUNING TWO TIME FRAMES TO WORK TOGETHER", - "page": 853 + "level": 3, + "title": "Advance/Decline", + "page": 156 }, { "level": 2, - "title": "ELDER’S TRIPLE-SCREEN TRADING SYSTEM", - "page": 855 + "title": "37. Consensus and Commitment Indicators", + "page": 158 }, { "level": 3, - "title": "Screen 1: The Major Move (Lowest Frequency Data)", - "page": 856 + "title": "Tracking Advisory Opinion", + "page": 159 }, { "level": 3, - "title": "Screen 2: The Intermediate Move (Middle Frequency Data)", - "page": 856 + "title": "Signals from the Press", + "page": 160 }, { "level": 3, - "title": "Screen 3: Timing (High Frequency Data)", - "page": 857 + "title": "Signals from Advertisers", + "page": 160 }, { "level": 3, - "title": "Stop-Loss", - "page": 858 + "title": "Commitments of Futures Traders", + "page": 161 }, { - "level": 2, - "title": "ROBERT KRAUSZ’S MULTIPLE TIME FRAMES", - "page": 858 + "level": 3, + "title": "Legal Insider Trading", + "page": 163 }, { "level": 3, - "title": "Laws of Multiple Time Frames", - "page": 859 + "title": "Short Interest", + "page": 163 }, { - "level": 3, - "title": "More on Selecting the Three Time Frames", - "page": 861 + "level": 1, + "title": "PART 7 Trading Systems", + "page": 165 }, { "level": 2, - "title": "MARTIN PRING’S KST SYSTEM", - "page": 862 + "title": "38. System Testing, Paper Trading, and the Three Key Demands for Every Trade", + "page": 167 }, { "level": 3, - "title": "Creating a Composite Indicator", - "page": 863 + "title": "Paper Trading", + "page": 168 }, { - "level": 1, - "title": "CHAPTER 20 Advanced Techniques", - "page": 865 + "level": 3, + "title": "Three Key Demands for Every Trade", + "page": 169 }, { "level": 2, - "title": "MEASURING VOLATILITY", - "page": 865 - }, - { - "level": 3, - "title": "The Price-Volatility Relationship", - "page": 866 + "title": "39. Triple Screen Trading System", + "page": 170 }, { "level": 3, - "title": "Adjusting for a Base Price", - "page": 867 + "title": "Trend-Following Indicators and Oscillators", + "page": 171 }, { "level": 3, - "title": "Exceptions", - "page": 867 + "title": "Choosing Timeframes—the Factor of Five", + "page": 171 }, { "level": 3, - "title": "Determining the Base Price", - "page": 867 + "title": "First Screen—Market Tide", + "page": 172 }, { "level": 3, - "title": "The Time Interval", - "page": 869 + "title": "Second Screen—Market Wave", + "page": 174 }, { "level": 3, - "title": "Volatility Measures", - "page": 870 + "title": "Third Screen—Entry Technique", + "page": 174 }, { "level": 3, - "title": "Ratio Measurements", - "page": 873 + "title": "Triple Screen Summary", + "page": 176 }, { "level": 3, - "title": "Relative Volatility", - "page": 874 + "title": "Triple Screen in Day-Trading", + "page": 177 }, { "level": 3, - "title": "Implied Volatility, VIX", - "page": 875 + "title": "Stops and Profit Targets", + "page": 178 }, { "level": 2, - "title": "USING VOLATILITY FOR TRADING", - "page": 876 - }, - { - "level": 3, - "title": "Intraday Volatility and Volume", - "page": 876 + "title": "40. The Impulse System", + "page": 178 }, { "level": 3, - "title": "Predicting Volatility with Trading Ranges", - "page": 877 + "title": "Entries", + "page": 180 }, { "level": 3, - "title": "Thomas Bierovic—On-Balance True Range", - "page": 878 + "title": "Exits", + "page": 182 }, { - "level": 3, - "title": "VIX Trading Systems", - "page": 878 + "level": 2, + "title": "41. Channel Trading Systems", + "page": 182 }, { "level": 3, - "title": "Volatility System", - "page": 880 + "title": "Two Ways to Construct a Channel", + "page": 183 }, { "level": 3, - "title": "Profit Targets and Stop-Loss Orders", - "page": 881 + "title": "Symmetrical Channels", + "page": 183 }, { - "level": 2, - "title": "TRADE SELECTION USING VOLATILITY", - "page": 881 + "level": 3, + "title": "Mass Psychology", + "page": 184 }, { "level": 3, - "title": "Eliminate or Delay?", - "page": 882 + "title": "Trading Rules", + "page": 186 }, { "level": 3, - "title": "Trade Selection Summary", - "page": 886 + "title": "Standard Deviation Channels (Bollinger Bands)", + "page": 188 }, { - "level": 2, - "title": "LIQUIDITY", - "page": 887 + "level": 1, + "title": "PART 8 Trading Vehicles", + "page": 189 }, { "level": 2, - "title": "TRENDS AND PRICE NOISE", - "page": 888 + "title": "42. Stocks", + "page": 191 }, { "level": 2, - "title": "TRENDS AND INTEREST RATE CARRY", - "page": 891 + "title": "43. ETFs", + "page": 192 }, { "level": 2, - "title": "EXPERT SYSTEMS", - "page": 891 + "title": "44. Options", + "page": 194 }, { "level": 3, - "title": "Forward Chaining", - "page": 893 + "title": "Buying Options", + "page": 196 }, { "level": 3, - "title": "A Technical Expert System", - "page": 893 + "title": "Writing Options", + "page": 197 }, { - "level": 2, - "title": "FUZZY LOGIC", - "page": 895 + "level": 3, + "title": "Writer’s Choice", + "page": 198 }, { "level": 3, - "title": "Fuzzy Reasoning", - "page": 896 + "title": "Limiting Risk", + "page": 199 }, { "level": 3, - "title": "Common Approach to Fuzzy Solutions", - "page": 896 + "title": "Can Option Buying Be Intelligent?", + "page": 201 }, { - "level": 3, - "title": "A Candlestick Example", - "page": 898 + "level": 2, + "title": "45. CFDs", + "page": 202 }, { "level": 2, - "title": "FRACTALS, CHAOS, AND ENTROPY", - "page": 900 + "title": "46. Futures", + "page": 203 }, { "level": 3, - "title": "Fractal Dimension", - "page": 900 + "title": "Futures and Cash Trades", + "page": 204 }, { "level": 3, - "title": "Using Fractal Efficiency", - "page": 901 + "title": "Hedging", + "page": 205 }, { "level": 3, - "title": "Chaotic Patterns and Market Behavior", - "page": 902 + "title": "Supply, Demand, and Seasonality", + "page": 206 }, { "level": 3, - "title": "Entropy—Predicting by Similar Situations", - "page": 903 + "title": "Floors and Ceilings", + "page": 207 }, { - "level": 2, - "title": "NEURAL NETWORKS", - "page": 906 + "level": 3, + "title": "Contango, Inversion, and Spreads", + "page": 207 }, { "level": 3, - "title": "Terminology of Neural Networks", - "page": 906 + "title": "Commitments of Traders", + "page": 208 }, { "level": 3, - "title": "Artificial Neural Networks", - "page": 907 + "title": "Margins and Risk Control", + "page": 209 }, { - "level": 3, - "title": "Selecting and Preprocessing the Inputs", - "page": 910 + "level": 2, + "title": "47. Forex", + "page": 210 }, { - "level": 3, - "title": "Selecting the Success Criteria", - "page": 910 + "level": 1, + "title": "PART 9 Risk Management", + "page": 213 }, { - "level": 3, - "title": "The Training Process", - "page": 911 + "level": 2, + "title": "48. Emotions and Probabilities", + "page": 213 }, { "level": 3, - "title": "A Training Example", - "page": 911 + "title": "Why Johnny Can’t Sell", + "page": 214 }, { "level": 3, - "title": "Success Criteria", - "page": 913 + "title": "Probability and Innumeracy", + "page": 216 }, { "level": 3, - "title": "Reducing the Number of Decision Levels and Neurons", - "page": 914 + "title": "A Positive Expectation", + "page": 217 }, { "level": 3, - "title": "Modeling Human Behavior", - "page": 914 + "title": "Businessman’s Risk or Loss", + "page": 217 + }, + { + "level": 2, + "title": "49. The Two Main Rules of Risk Control", + "page": 218 }, { "level": 3, - "title": "A Final Comment about Neural Networks", - "page": 915 + "title": "The Two Worst Mistakes", + "page": 218 }, { "level": 2, - "title": "GENETIC ALGORITHMS", - "page": 915 + "title": "50. The Two Percent Rule", + "page": 219 }, { "level": 3, - "title": "Representation of a Genetic Algorithm", - "page": 916 + "title": "The Iron Triangle of Risk Control", + "page": 220 }, { "level": 3, - "title": "Initial Chromosome Pool", - "page": 917 + "title": "The 2% Rule in the Futures Markets", + "page": 221 }, { - "level": 3, - "title": "Fitness", - "page": 918 + "level": 2, + "title": "51. The Six Percent Rule", + "page": 224 }, { "level": 3, - "title": "Propagation", - "page": 919 + "title": "The Concept of Available Risk", + "page": 224 }, { - "level": 3, - "title": "Mating", - "page": 920 + "level": 2, + "title": "52. A Comeback from a Drawdown", + "page": 226 }, { "level": 3, - "title": "Mutation", - "page": 920 + "title": "A Trading Manager", + "page": 228 }, { - "level": 3, - "title": "Converging on a Solution", - "page": 921 + "level": 1, + "title": "PART 10 Practical Details", + "page": 231 + }, + { + "level": 2, + "title": "53. How to Set Profit Targets: “Enough” Is the Power Word", + "page": 231 + }, + { + "level": 2, + "title": "54. How to Set Stops: Say No to Wishful Thinking", + "page": 235 }, { "level": 3, - "title": "Putting It into Practice: Simulated Performance", - "page": 921 + "title": "Place Stops outside the Zone of “Market Noise”", + "page": 236 }, { "level": 3, - "title": "Multiple Seeding", - "page": 922 + "title": "Don’t Place Your Stops at Obvious Levels", + "page": 236 }, { - "level": 2, - "title": "REPLICATION OF HEDGE FUNDS", - "page": 922 + "level": 3, + "title": "Don’t Let a Winning Trade Turn into a Loss", + "page": 239 }, { - "level": 1, - "title": "CHAPTER 21 System Testing", - "page": 925 + "level": 3, + "title": "Move Your Stop Only in the Direction of Your Trade", + "page": 240 }, { - "level": 2, - "title": "EXPECTATIONS", - "page": 927 + "level": 3, + "title": "Catastrophic Stops: A Professional’s Life Jacket", + "page": 240 }, { "level": 3, - "title": "Setting Your Objective and Measuring Success", - "page": 927 + "title": "Stops and Overnight Gaps: Only for the Pros", + "page": 241 }, { "level": 2, - "title": "IDENTIFYING THE PARAMETERS", - "page": 928 + "title": "55. Is This an A-Trade?", + "page": 241 }, { - "level": 3, - "title": "Range of Parameter Settings", - "page": 928 + "level": 2, + "title": "56. Scanning for Possible Trades", + "page": 246 }, { - "level": 3, - "title": "Distribution of Values to Be Tested", - "page": 929 + "level": 1, + "title": "PART 11 Good Record-Keeping", + "page": 249 + }, + { + "level": 2, + "title": "57. Your Daily Homework", + "page": 250 }, { "level": 3, - "title": "Types of Test Variables", - "page": 930 + "title": "Are You Ready to Trade Today?", + "page": 252 }, { "level": 2, - "title": "SELECTING THE TEST DATA", - "page": 930 + "title": "58. Creating and Scoring Trade Plans", + "page": 254 }, { "level": 3, - "title": "Cash Data", - "page": 933 + "title": "Scoring Your Trade Plans (a Trade Apgar)", + "page": 254 }, { "level": 3, - "title": "Problems with Adjusted Data Series", - "page": 934 + "title": "Using a Tradebill", + "page": 256 }, { - "level": 3, - "title": "Which Data Series Is Best?", - "page": 934 + "level": 2, + "title": "59. Trade Journal", + "page": 259 }, { "level": 3, - "title": "Synthetic Data", - "page": 935 + "title": "Three Benefits", + "page": 261 }, { - "level": 2, - "title": "TESTING INTEGRITY", - "page": 936 + "level": 1, + "title": "CONCLUSION A Journey without an End: How to Continue Learning", + "page": 265 }, { - "level": 3, - "title": "In-Sample and Out-of-Sample Data", - "page": 936 + "level": 1, + "title": "Sources", + "page": 269 }, { - "level": 3, - "title": "Out-of-Sample Testing", - "page": 937 + "level": 1, + "title": "Acknowledgments", + "page": 273 }, { - "level": 3, - "title": "Step-Forward Testing", - "page": 938 + "level": 1, + "title": "About the Author", + "page": 275 }, { - "level": 2, - "title": "SEARCHING FOR THE BEST RESULT", - "page": 939 + "level": 1, + "title": "INDEX", + "page": 277 }, { - "level": 3, - "title": "Mathematical Optimization", - "page": 940 + "level": 1, + "title": "EULA", + "page": 303 + } + ] + }, + { + "id": "the_art_and_science_of_trading_course_workbook_adam_grimes", + "title": "The Art and Science of Trading: Course Workbook", + "author": "Adam Grimes", + "totalPages": 590, + "fileSize": 16300880, + "pdfUrl": "data/pdfs/the_art_and_science_of_trading_course_workbook_adam_grimes.pdf", + "coverUrl": "data/covers/the_art_and_science_of_trading_course_workbook_adam_grimes.jpg", + "layoutUrl": "data/layouts/the_art_and_science_of_trading_course_workbook_adam_grimes.json", + "toc": [ + { + "level": 1, + "title": "Frontmatter", + "page": 2 }, { - "level": 3, - "title": "More on Test Continuity", - "page": 941 + "level": 1, + "title": "1: Chartreading 101", + "page": 14 }, { - "level": 2, - "title": "VISUALIZING AND INTERPRETING TEST RESULTS", - "page": 942 + "level": 1, + "title": "2: Chartreading, Going Deeper", + "page": 75 }, { - "level": 3, - "title": "Seeing Continuity in Test Results", - "page": 944 + "level": 1, + "title": "3: Market Structure & Price Action", + "page": 104 }, { - "level": 3, - "title": "Two-Parameter Tests", - "page": 945 + "level": 1, + "title": "4: Pullback", + "page": 156 }, { - "level": 3, - "title": "Alternate Ways of Visualizing Results", - "page": 948 + "level": 1, + "title": "5: Anti", + "page": 182 }, { - "level": 3, - "title": "Standardizing Test Results", - "page": 950 + "level": 1, + "title": "6: Failure Test", + "page": 209 }, { - "level": 2, - "title": "LARGE-SCALE TESTING", - "page": 952 + "level": 1, + "title": "7: Breakout", + "page": 275 }, { - "level": 3, - "title": "Genetic Algorithms", - "page": 952 + "level": 1, + "title": "8: Pattern Failure", + "page": 312 }, { - "level": 3, - "title": "Monte Carlo Sampling", - "page": 955 + "level": 1, + "title": "9: Practical Trading Psychology", + "page": 333 }, { - "level": 2, - "title": "REFINING THE STRATEGY RULES", - "page": 957 + "level": 1, + "title": "10: Academic Theories of Market Behavior", + "page": 385 }, { - "level": 2, - "title": "ARRIVING AT VALID TEST RESULTS", - "page": 958 + "level": 1, + "title": "11: Tools for Quantitative Analysis of Market Data", + "page": 412 }, { - "level": 3, - "title": "Common Sense versus Statistics", - "page": 958 + "level": 1, + "title": "12: Test Universe & Methodology", + "page": 455 }, { - "level": 3, - "title": "Searching for Robustness", - "page": 959 + "level": 1, + "title": "13: Fibonacci Retracements", + "page": 473 }, { - "level": 3, - "title": "Performance Criteria", - "page": 960 + "level": 1, + "title": "14: Moving Averages", + "page": 492 }, { - "level": 3, - "title": "Sensitivity Testing", - "page": 963 + "level": 1, + "title": "15: The Opening Range Phenomenon", + "page": 533 }, { - "level": 3, - "title": "Reading between the Lines", - "page": 964 + "level": 1, + "title": "16: Quantitative Evidence of the Two Forces", + "page": 546 }, { - "level": 3, - "title": "The Signifi cance of “Signifi cant”", - "page": 965 + "level": 1, + "title": "Backmatter", + "page": 584 + } + ] + }, + { + "id": "the_candlestick_course_steve_nison", + "title": "The Candlestick Course Steve Nison", + "author": "Steve Nison", + "totalPages": 225, + "fileSize": 19529776, + "pdfUrl": "data/pdfs/the_candlestick_course_steve_nison.pdf", + "coverUrl": "data/covers/the_candlestick_course_steve_nison.jpg", + "layoutUrl": "data/layouts/the_candlestick_course_steve_nison.json", + "toc": [ + { + "level": 1, + "title": "Cover Book", + "page": 1 }, { - "level": 3, - "title": "Systems That Work in Only One Market", - "page": 965 + "level": 1, + "title": "Copyright", + "page": 4 }, { - "level": 2, - "title": "COMPARING THE RESULTS OF TWO SYSTEMS", - "page": 966 + "level": 1, + "title": "Contents", + "page": 5 }, { - "level": 3, - "title": "Which System Is Better?", - "page": 966 + "level": 1, + "title": "Foreword", + "page": 7 }, { - "level": 2, - "title": "PROFITING FROM THE WORST RESULTS", - "page": 970 + "level": 1, + "title": "About the Author", + "page": 10 }, { - "level": 2, - "title": "RETESTING FOR CHANGING PARAMETERS", - "page": 971 + "level": 1, + "title": "Introduction", + "page": 11 + }, + { + "level": 1, + "title": "CHAPTER ONE - The Essentials", + "page": 14 }, { "level": 2, - "title": "TESTING ACROSS A WIDE RANGE OF MARKETS", - "page": 974 + "title": "Section One - Candlestick Overview: Origins and Basic Applications", + "page": 14 }, { - "level": 3, - "title": "Classic Tests by Davis and Thiel, Maxwell, and Hochheimer", - "page": 974 + "level": 2, + "title": "Section Two - Candlestick Construction", + "page": 21 }, { - "level": 3, - "title": "Davis and Thiel", - "page": 974 + "level": 2, + "title": "Section Three - Basic Market Strategies", + "page": 30 }, { - "level": 3, - "title": "Maxwell", - "page": 975 + "level": 1, + "title": "CHAPTER TWO - Single Candle Lines", + "page": 37 }, { - "level": 3, - "title": "Comparing Methods of Calculation across Selected Markets", - "page": 976 + "level": 2, + "title": "Section One - Spinning Tops and High Wave Candles", + "page": 37 }, { - "level": 3, - "title": "Comparing the Five Strategies", - "page": 983 + "level": 2, + "title": "Section Two - The Dangerous Doji", + "page": 52 }, { - "level": 3, - "title": "Crossover Strategy", - "page": 984 + "level": 2, + "title": "Section Three - Long Real Bodies, the Consummate Storytellers", + "page": 63 }, { - "level": 3, - "title": "More on Comparing Strategies and Markets", - "page": 987 + "level": 1, + "title": "CHAPTER THREE - The Power of Candle Patterns", + "page": 71 }, { "level": 2, - "title": "PRICE SHOCKS", - "page": 990 + "title": "Section One - Close Cousins: Piercing, Dark Cloud Covers, Engulfing and Counterattacks", + "page": 71 }, { - "level": 3, - "title": "Misinterpreting the Past", - "page": 990 + "level": 2, + "title": "Section Two - The Harami and Harami Cross, Morning and Evening Stars", + "page": 89 }, { "level": 2, - "title": "ANATOMY OF AN OPTIMIZATION", - "page": 992 + "title": "Section Three - Picturesque Storytellers: Tweezers, Crows and Soldiers", + "page": 99 }, { "level": 2, - "title": "SUMMARIZING ROBUSTNESS", - "page": 996 + "title": "Section Four - Disjointed Candles: Rising and Falling Windows", + "page": 110 }, { - "level": 3, - "title": "A Final Comment on Testing", - "page": 1001 + "level": 1, + "title": "CHAPTER FOUR - Taking Advantage of Market Opportunities", + "page": 120 }, { - "level": 1, - "title": "CHAPTER 22 Practical Considerations", - "page": 1003 + "level": 2, + "title": "Section One - Candle Chart Applications", + "page": 122 }, { "level": 2, - "title": "USE AND ABUSE OF THE COMPUTER", - "page": 1004 + "title": "Section Two - Trading Guidelines", + "page": 130 }, { - "level": 3, - "title": "Acquiring Data", - "page": 1005 + "level": 1, + "title": "CHAPTER FIVE - Progressive Charting", + "page": 132 }, { - "level": 3, - "title": "Combining Standard Techniques into a System", - "page": 1006 + "level": 1, + "title": "CHAPTER SIX - Bringing It All Together: Real-World Charts", + "page": 185 }, { - "level": 3, - "title": "Programming a New Idea", - "page": 1007 + "level": 1, + "title": "Conclusion", + "page": 213 }, { - "level": 3, - "title": "Too Much Power", - "page": 1007 + "level": 1, + "title": "Visual Glossary of Candlestick Terms Used in This Book", + "page": 214 }, { - "level": 3, - "title": "Looking into the Past", - "page": 1008 + "level": 1, + "title": "Index", + "page": 223 + } + ] + }, + { + "id": "the_art_and_science_of_technical_analysis_adam_grimes", + "title": "The Art & Science of Technical Analysis", + "author": "Adam Grimes", + "totalPages": 663, + "fileSize": 11147053, + "pdfUrl": "data/pdfs/the_art_and_science_of_technical_analysis_adam_grimes.pdf", + "coverUrl": "data/covers/the_art_and_science_of_technical_analysis_adam_grimes.jpg", + "layoutUrl": "data/layouts/the_art_and_science_of_technical_analysis_adam_grimes.json", + "toc": [ + { + "level": 1, + "title": "Series", + "page": 7 }, { - "level": 3, - "title": "Paper Trading", - "page": 1008 + "level": 1, + "title": "Title Page", + "page": 8 }, { - "level": 3, - "title": "It Should Work, but It Doesn’t", - "page": 1008 + "level": 1, + "title": "Copyright", + "page": 9 }, { - "level": 3, - "title": "Vertical or Integrated Solutions", - "page": 1009 + "level": 1, + "title": "Dedication", + "page": 11 }, { - "level": 3, - "title": "Taking Control", - "page": 1012 + "level": 1, + "title": "Preface", + "page": 12 }, { - "level": 2, - "title": "EXTREME EVENTS", - "page": 1012 + "level": 1, + "title": "Acknowledgments", + "page": 17 }, { - "level": 3, - "title": "Money Moves the Markets", - "page": 1012 + "level": 1, + "title": "Part I: The Foundation of Technical Analysis", + "page": 19 }, { - "level": 3, - "title": "Fooling Yourself with Hindsight", - "page": 1013 + "level": 2, + "title": "Chapter 1: The Trader’s Edge", + "page": 20 }, { "level": 3, - "title": "Identifying Price Shocks", - "page": 1017 + "title": "DEFINING A TRADING EDGE", + "page": 21 }, { "level": 3, - "title": "Crisis Management", - "page": 1017 + "title": "FINDING AND DEVELOPING YOUR EDGE", + "page": 25 }, { - "level": 2, - "title": "GAMBLING TECHNIQUES—THE THEORY OF RUNS", - "page": 1020 + "level": 3, + "title": "GENERAL PRINCIPLES OF CHART READING", + "page": 27 }, { "level": 3, - "title": "Martingales and Anti-Martingales", - "page": 1021 + "title": "INDICATORS", + "page": 33 }, { "level": 3, - "title": "Anti-Martingales", - "page": 1023 + "title": "THE TWO FORCES: TOWARD A NEW UNDERSTANDING OF MARKET ACTION", + "page": 34 }, { "level": 3, - "title": "The Theory of Runs Applied to Trading", - "page": 1024 + "title": "PRICE ACTION AND MARKET STRUCTURE ON CHARTS", + "page": 37 }, { "level": 3, - "title": "Fractional Martingales", - "page": 1030 + "title": "CHARTING BY HAND", + "page": 57 }, { "level": 2, - "title": "SELECTIVE TRADING", - "page": 1031 + "title": "Chapter 2: The Market Cycle and the Four Trades", + "page": 60 }, { "level": 3, - "title": "Filtering Out the Losing Trades", - "page": 1031 - }, - { - "level": 2, - "title": "SYSTEM TRADE-OFFS", - "page": 1032 + "title": "WYCKOFF’S MARKET CYCLE", + "page": 61 }, { "level": 3, - "title": "Trend-Following Systems", - "page": 1032 + "title": "THE FOUR TRADES", + "page": 73 }, { "level": 3, - "title": "Mean-Reverting Systems", - "page": 1033 + "title": "SUMMARY", + "page": 80 }, { - "level": 3, - "title": "Trade-Offs", - "page": 1034 + "level": 1, + "title": "Part II: Market Structure", + "page": 82 }, { - "level": 3, - "title": "The Commodex Method of Combining Elements", - "page": 1035 + "level": 2, + "title": "Chapter 3: On Trends", + "page": 83 }, { "level": 3, - "title": "Combining Trends and Trading Ranges", - "page": 1036 + "title": "THE FUNDAMENTAL PATTERN", + "page": 83 }, { - "level": 2, - "title": "TRADING LIMITS AND DISCONNECTED MARKETS", - "page": 1038 + "level": 3, + "title": "TREND STRUCTURE", + "page": 87 }, { "level": 3, - "title": "Effects of Limits on Trading Systems", - "page": 1038 + "title": "A DEEPER LOOK AT PULLBACKS: THE QUINTESSENTIAL TREND TRADING PATTERN", + "page": 104 }, { "level": 3, - "title": "Similar to Price Shocks", - "page": 1040 + "title": "TREND ANALYSIS", + "page": 121 }, { - "level": 2, - "title": "SILVER AND NASDAQ—TOO GOOD TO BE TRUE", - "page": 1040 + "level": 3, + "title": "SUMMARY", + "page": 145 }, { "level": 2, - "title": "SIMILARITY OF SYSTEMATIC TRADING SIGNALS", - "page": 1041 + "title": "Chapter 4: On Trading Ranges", + "page": 147 }, { "level": 3, - "title": "Comparison of Moving Average Systems", - "page": 1043 + "title": "SUPPORT AND RESISTANCE", + "page": 147 }, { "level": 3, - "title": "Similarity of Long-Term Performance", - "page": 1045 + "title": "TRADING RANGES AS FUNCTIONAL STRUCTURES", + "page": 168 }, { "level": 3, - "title": "High Correlation at the Best and Worst Times", - "page": 1046 - }, - { - "level": 1, - "title": "CHAPTER 23 Risk Control", - "page": 1047 + "title": "SUMMARY", + "page": 179 }, { "level": 2, - "title": "MISTAKING LUCK FOR SKILL", - "page": 1047 + "title": "Chapter 5: Interfaces between Trends and Ranges", + "page": 181 }, { - "level": 2, - "title": "RISK AVERSION", - "page": 1048 + "level": 3, + "title": "BREAKOUT TRADE: TRADING RANGE TO TREND", + "page": 182 }, { "level": 3, - "title": "Risk Preference", - "page": 1050 + "title": "TREND TO TRADING RANGE", + "page": 199 }, { "level": 3, - "title": "The Efficient Frontier", - "page": 1050 + "title": "TREND TO OPPOSITE TREND (TREND REVERSAL)", + "page": 205 }, { "level": 3, - "title": "Common Sense Management of Risk", - "page": 1052 + "title": "TREND TO SAME TREND (FAILURE OF TREND REVERSAL)", + "page": 215 }, { - "level": 2, - "title": "LIQUIDITY", - "page": 1053 + "level": 3, + "title": "SUMMARY", + "page": 216 + }, + { + "level": 1, + "title": "Part III: Trading Strategies", + "page": 219 }, { "level": 2, - "title": "MEASURING RETURN AND RISK", - "page": 1054 + "title": "CHAPTER 6: Practical Trading Templates", + "page": 220 }, { "level": 3, - "title": "Risk Characteristics of a Trading Model", - "page": 1054 + "title": "FAILURE TEST", + "page": 221 }, { "level": 3, - "title": "The Sharpe Ratio and Information Ratio", - "page": 1055 + "title": "PULLBACK, BUYING SUPPORT OR SHORTING RESISTANCE", + "page": 227 }, { "level": 3, - "title": "Average Maximum Retracement", - "page": 1056 + "title": "PULLBACK, ENTERING LOWER TIME FRAME BREAKOUT", + "page": 239 }, { "level": 3, - "title": "Largest Loss and the Calmar Ratio", - "page": 1057 + "title": "TRADING COMPLEX PULLBACKS", + "page": 244 }, { "level": 3, - "title": "Sortino Ratio", - "page": 1058 + "title": "THE ANTI", + "page": 251 }, { "level": 3, - "title": "Ulcer Index", - "page": 1058 + "title": "BREAKOUTS, ENTERING IN THE PRECEDING BASE", + "page": 256 }, { "level": 3, - "title": "Potential Risk", - "page": 1059 + "title": "BREAKOUTS, ENTERING ON FIRST PULLBACK FOLLOWING", + "page": 267 }, { "level": 3, - "title": "Risk Characteristics of Systems", - "page": 1065 + "title": "FAILED BREAKOUTS", + "page": 270 }, { "level": 3, - "title": "It’s Not the Markets, It’s the Money", - "page": 1066 + "title": "SUMMARY", + "page": 275 }, { "level": 2, - "title": "LEVERAGE", - "page": 1066 + "title": "CHAPTER 7: Tools for Confirmation", + "page": 278 }, { "level": 3, - "title": "Reserves and Targeted Risk Levels", - "page": 1068 + "title": "THE MOVING AVERAGE—THE STILL CENTER", + "page": 279 }, { - "level": 2, - "title": "LEVERAGE BASED ON EXPOSURE", - "page": 1069 + "level": 3, + "title": "CHANNELS: EMOTIONAL EXTREMES", + "page": 286 }, { - "level": 2, - "title": "INDIVIDUAL TRADE RISK", - "page": 1070 + "level": 3, + "title": "INDICATORS: MACD", + "page": 295 }, { "level": 3, - "title": "Position Sizing", - "page": 1070 + "title": "MULTIPLE TIME FRAME ANALYSIS", + "page": 311 }, { - "level": 3, - "title": "Initial Position Risk", - "page": 1074 + "level": 2, + "title": "CHAPTER 8: Trade Management", + "page": 334 }, { "level": 3, - "title": "Stop-Losses", - "page": 1074 + "title": "PLACING THE INITIAL STOP", + "page": 336 }, { - "level": 2, - "title": "KAUFMAN ON STOPS AND PROFIT-TAKING", - "page": 1079 + "level": 3, + "title": "SETTING PRICE TARGETS", + "page": 339 }, { "level": 3, - "title": "Managing Risk without Stops", - "page": 1081 + "title": "ACTIVE MANAGEMENT", + "page": 345 }, { - "level": 2, - "title": "RANKING OF MARKETS FOR SELECTION", - "page": 1082 + "level": 3, + "title": "PORTFOLIO CONSIDERATIONS", + "page": 361 }, { "level": 3, - "title": "Commodity Selection Index", - "page": 1083 + "title": "PRACTICAL ISSUES", + "page": 364 }, { - "level": 3, - "title": "Directional Movement", - "page": 1083 + "level": 2, + "title": "CHAPTER 9: Risk Management", + "page": 376 }, { "level": 3, - "title": "Retesting Directional Movement", - "page": 1087 + "title": "RISK AND POSITION SIZING", + "page": 376 }, { "level": 3, - "title": "Ranking Trends Using Prices", - "page": 1089 + "title": "THEORETICAL PERSPECTIVES ON RISK", + "page": 397 }, { "level": 3, - "title": "Kaufman’s Strategy Selection Indicator", - "page": 1090 + "title": "MISUNDERSTOOD RISK", + "page": 401 }, { - "level": 2, - "title": "PROBABILITY OF SUCCESS AND RUIN", - "page": 1092 + "level": 3, + "title": "PRACTICAL RISKS IN TRADING", + "page": 403 }, { "level": 3, - "title": "Wins Not Equal to Losses", - "page": 1093 + "title": "SUMMARY", + "page": 412 }, { "level": 2, - "title": "ENTERING A POSITION", - "page": 1096 + "title": "CHAPTER 10: Trade Examples", + "page": 413 }, { "level": 3, - "title": "Averaging into a Position", - "page": 1096 + "title": "TREND CONTINUATION", + "page": 415 }, { "level": 3, - "title": "Waiting for a Better Price", - "page": 1098 + "title": "TREND TERMINATION", + "page": 442 }, { "level": 3, - "title": "Using Timing for a Better Price", - "page": 1100 + "title": "FAILURE TEST FAILURES", + "page": 449 }, { - "level": 2, - "title": "COMPOUNDING A POSITION", - "page": 1100 + "level": 3, + "title": "TRADING PARABOLIC CLIMAXES", + "page": 454 }, { "level": 3, - "title": "Adding on Profits", - "page": 1102 + "title": "THE ANTI", + "page": 460 }, { "level": 3, - "title": "Averaging Down", - "page": 1104 + "title": "TRADING AT SUPPORT AND RESISTANCE", + "page": 471 }, { - "level": 2, - "title": "EQUITY TRENDS", - "page": 1105 + "level": 3, + "title": "SUMMARY", + "page": 481 }, { - "level": 3, - "title": "Trading on Equity Trends", - "page": 1106 + "level": 1, + "title": "Part IV: The Individual, Self-Directed Trader", + "page": 482 }, { "level": 2, - "title": "INVESTING AND REINVESTING: OPTIMAL f", - "page": 1108 + "title": "CHAPTER 11: The Trader’s Mind", + "page": 483 }, { "level": 3, - "title": "Risk Assessment", - "page": 1108 + "title": "PSYCHOLOGICAL CHALLENGES OF THE MARKETPLACE", + "page": 485 }, { "level": 3, - "title": "Finding Optimal f", - "page": 1109 + "title": "EVOLUTIONARY ADAPTATIONS", + "page": 485 }, { "level": 3, - "title": "Observations of Optimal f", - "page": 1111 - }, - { - "level": 2, - "title": "COMPARING EXPECTED AND ACTUAL RESULTS", - "page": 1112 + "title": "COGNITIVE BIASES", + "page": 491 }, { "level": 3, - "title": "Binomial Probability", - "page": 1112 + "title": "THE RANDOM REINFORCEMENT PROBLEM", + "page": 496 }, { "level": 3, - "title": "χ2—Chi-Square Test", - "page": 1114 + "title": "EMOTIONS: THE ENEMY WITHIN", + "page": 498 }, { - "level": 1, - "title": "CHAPTER 24 Diversification and Portfolio Allocation", - "page": 1119 + "level": 3, + "title": "INTUITION", + "page": 501 }, { - "level": 2, - "title": "DIVERSIFICATION", - "page": 1120 + "level": 3, + "title": "FLOW", + "page": 506 }, { "level": 3, - "title": "Selecting Individual Assets from Unrelated Groups", - "page": 1121 + "title": "PRACTICAL PSYCHOLOGY", + "page": 511 }, { - "level": 2, - "title": "CHANGING CORRELATIONS", - "page": 1125 + "level": 3, + "title": "SUMMARY", + "page": 518 }, { "level": 2, - "title": "TYPES OF PORTFOLIO MODELS", - "page": 1125 + "title": "CHAPTER 12: Becoming a Trader", + "page": 520 }, { "level": 3, - "title": "Equal-Dollar Weighting", - "page": 1127 + "title": "THE PROCESS", + "page": 521 }, { "level": 3, - "title": "Equal-Risk Weighting", - "page": 1127 + "title": "RECORD KEEPING", + "page": 534 }, { "level": 3, - "title": "Alpha-Driven Weighting", - "page": 1127 + "title": "STATISTICAL ANALYSIS OF TRADING RESULTS", + "page": 539 }, { "level": 3, - "title": "Decision-Tree Models", - "page": 1127 + "title": "SUMMARY", + "page": 550 + }, + { + "level": 1, + "title": "Appendix A: Trading Primer", + "page": 552 }, { "level": 2, - "title": "CLASSIC PORTFOLIO ALLOCATION CALCULATIONS", - "page": 1127 + "title": "THE SPREAD", + "page": 553 }, { - "level": 3, - "title": "Spreadsheet Approach", - "page": 1129 + "level": 2, + "title": "TWO TYPES OF ORDERS", + "page": 556 }, { "level": 2, - "title": "FINDING OPTIMAL PORTFOLIO ALLOCATION USING EXCEL’S SOLVER", - "page": 1129 + "title": "CHARTS", + "page": 558 }, { - "level": 3, - "title": "Solver Settings", - "page": 1131 + "level": 1, + "title": "Appendix B: A Deeper Look at Moving Averages and the MACD", + "page": 565 }, { "level": 2, - "title": "KAUFMAN’S GENETIC ALGORITHM SOLUTION TO PORTFOLIO ALLOCATION (GASP)", - "page": 1134 + "title": "MOVING AVERAGES", + "page": 565 }, { - "level": 3, - "title": "Modern Portfolio Theory", - "page": 1135 + "level": 2, + "title": "THE MACD", + "page": 574 }, { - "level": 3, - "title": "A Special Case for Active Trading", - "page": 1135 + "level": 1, + "title": "Appendix C: Sample Trade Data", + "page": 586 }, { - "level": 3, - "title": "The Objective Function and Target Risk Level", - "page": 1137 + "level": 1, + "title": "Glossary", + "page": 589 }, { - "level": 3, - "title": "The Optimal Portfolio", - "page": 1139 + "level": 1, + "title": "Bibliography", + "page": 618 }, { - "level": 3, - "title": "Portfolio Constraints", - "page": 1140 + "level": 1, + "title": "About the Author", + "page": 622 }, { - "level": 3, - "title": "Constraining Diversification", - "page": 1140 + "level": 1, + "title": "Index", + "page": 623 + } + ] + }, + { + "id": "trade_your_way_to_financial_freedom_van_k_tharp", + "title": "Trade Your Way To Financial Freedom Van K Tharp", + "author": "K Tharp", + "totalPages": 181, + "fileSize": 3463257, + "pdfUrl": "data/pdfs/trade_your_way_to_financial_freedom_van_k_tharp.pdf", + "coverUrl": "data/covers/trade_your_way_to_financial_freedom_van_k_tharp.jpg", + "layoutUrl": "data/layouts/trade_your_way_to_financial_freedom_van_k_tharp.json", + "toc": [] + }, + { + "id": "trades_about_to_happen_david_h_weis", + "title": "Trades About to Happen", + "author": "David H. Weis", + "totalPages": 258, + "fileSize": 6556959, + "pdfUrl": "data/pdfs/trades_about_to_happen_david_h_weis.pdf", + "coverUrl": "data/covers/trades_about_to_happen_david_h_weis.jpg", + "layoutUrl": "data/layouts/trades_about_to_happen_david_h_weis.json", + "toc": [ + { + "level": 1, + "title": "Half Title", + "page": 2 }, { - "level": 3, - "title": "The Genetic Algorithm Solution", - "page": 1141 + "level": 1, + "title": "Series Page", + "page": 3 }, { - "level": 3, - "title": "Initializing the Pool", - "page": 1142 + "level": 1, + "title": "Title Page", + "page": 4 }, { - "level": 3, - "title": "Evaluating Each String in the Pool", - "page": 1145 + "level": 1, + "title": "Copyright Page", + "page": 6 }, { - "level": 3, - "title": "Test for Completion", - "page": 1146 + "level": 1, + "title": "Dedication", + "page": 8 }, { - "level": 3, - "title": "Propagation", - "page": 1147 + "level": 1, + "title": "Epigraph", + "page": 9 }, { - "level": 3, - "title": "Propagation of the Best Results", - "page": 1148 + "level": 1, + "title": "Table of Contents", + "page": 10 }, { - "level": 3, - "title": "Mating Parents to Create Offspring", - "page": 1149 + "level": 1, + "title": "Foreword", + "page": 12 }, { - "level": 3, - "title": "Mutating: Introducing New Genes into the Pool", - "page": 1151 + "level": 1, + "title": "Acknowledgments", + "page": 14 }, { - "level": 3, - "title": "Continue with the Evaluation Step", - "page": 1151 + "level": 1, + "title": "Introduction", + "page": 15 }, { - "level": 3, - "title": "Optimal Subsets", - "page": 1151 + "level": 1, + "title": "Chapter 1: Where to Find Trades", + "page": 20 }, { - "level": 3, - "title": "Is It the Best Portfolio?", - "page": 1153 + "level": 1, + "title": "Chapter 2: Drawing Lines", + "page": 23 }, { - "level": 3, - "title": "An Example of a GASP Solution", - "page": 1154 + "level": 1, + "title": "Chapter 3: The Story of the Lines", + "page": 41 }, { - "level": 3, - "title": "Test Interval for Portfolio Allocation", - "page": 1161 + "level": 1, + "title": "Chapter 4: The Logic of Reading Bar Charts", + "page": 66 }, { - "level": 3, - "title": "VOLATILITY STABILIZATION", - "page": 1162 + "level": 1, + "title": "Chapter 5: Springs", + "page": 98 }, { - "level": 3, - "title": "Switching Costs", - "page": 1164 + "level": 1, + "title": "Chapter 6: Upthrusts", + "page": 124 }, { - "level": 3, - "title": "Capping Exposure", - "page": 1164 + "level": 1, + "title": "Chapter 7: Absorption", + "page": 138 }, { "level": 1, - "title": "APPENDIX 1 Statistical Tables", - "page": 1167 + "title": "Chapter 8: Chart Studies", + "page": 149 }, { "level": 1, - "title": "APPENDIX 2 Matrix Solution to", - "page": 1171 + "title": "Chapter 9: Tape ReadingPart I", + "page": 159 }, { "level": 1, - "title": "APPENDIX 3 Trigonometric", - "page": 1181 + "title": "Chapter 10: Tape Reading Part II", + "page": 202 }, { "level": 1, - "title": "Bibliography", - "page": 1195 + "title": "Chapter 11: Point-and-Figure and Renko", + "page": 221 }, { "level": 1, - "title": "About the Companion Website", - "page": 1211 + "title": "About the Author", + "page": 245 }, { "level": 1, "title": "Index", - 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