Forex Books - page 18

[seekers]

Zoom in on Personal Trading Behavior And Profit from It : zoom_in_on_personal_trading_behavior_and_profit_from_it.pdf

[seekers]

Risk Control and Money Management : risk_control_and_money_management.pdf

[seekers]

123 system : 123system.pdf

[seekers]

The Dynamic Breakout II Strategy : the_dynamic_breakout_ii_strategy.pdf

[seekers]

Using Recurrent Neural Networks to Forecasting of Forex : using_recurrent_neural_networks_to_forecasting_of_forex.pdf

[seekers]

The String Prediction Models as an Invariants of Time Series in Forex Market : the_string_prediction_models_as_an_invariants_of_time_series_in_forex_market.pdf

[seekers]

Picking Tops And Bottoms With The Tick Index : picking_tops_and_bottoms_with_the_tick_index.pdf

[seekers]

Core Point and Figure Chart Patterns : core_point_and_figure_chart_patterns.pdf

[seekers]

Microtrading the 1 Minute Chart : microtrading_the_1_minute_chart.pdf

[morro]

Point and Figure charting

Point and Figure charting is a technical analysis technique in which time is not represented on the x-axis, but merely price changes (independent of time) are recorded via a series of ‘X’s for increasing price movements and ‘O’s for decreasing price movements. Trading rules are then defined over particular patterns in the ‘X’s and ‘O’s—somewhat analogous to conventional charting. As such, ‘Point and Figure’ concentrates solely on changes in asset prices, regardless of the time required to produce such price movements. This means that data, particularly ultra-high-frequency data, can be considerably condensed by discarding small price changes, while still capturing user-determined levels of ‘material’ price changes on a continuous basis. Anecdotal evidence suggests that the technique has been known and used by practitioners for over 100 years. Indeed, the earliest reference to Point and Figure charting known to us is deVilliers (1933), who claims that the method has “…grown from crude beginnings more than fifty years ago [and is] …herewith described for the first time” (deVilliers, 1933:7). Moreover, Point and Figure charting is now a standard feature on many widely used professional market analysis software systems.1 Taylor and Allen (1992), surveyed foreign exchange dealers in London about their analytical techniques and found that over 90% of survey respondents relied on technical analysis at some point for asset allocation decisions. Therefore, we assume here that Point and Figure does play some role in the trading strategies of financial markets practitioners, but the academic literature has largely ignored the question of the usefulness of this technique.

point_and_figure_charting.pdf