This is the thread about books related for stocks, forex, financial
market and economics. Please make a post about books with possible cover
image, short description and official link to buy (amazon for example).
Posts with links to unofficial resellers will be deleted
This indicator tries to forecast possible moving of the symbol with NN algorithm. NN algorithm (generally) is easy to understand, and it works with incredible high efficiency in real world. NN belongs to the best data mining solutions, however that's non-parametric algorithm. However please remember this indicator only tries to predict but it doesn't know the future and the prediction can work in short term only.
Basic theory behind the indicator is that the history always repeats in the market
Support and Resistance are the important price levels to watch out during intraday market. These price levels are often tested before development of new trend or often stop the existing trend causing trend reversal at this point. Highly precise support and resistance are indispensable for experienced traders. Many typical trading strategies like breakout or trend reversal can be played well around these support and resistance levels. The Precision Support and Resistance are highly accurate suppo
This indicator provides tick volume delta analysis on M1 timeframe. It monitors up and down ticks and sums them up as separate volumes for buys and sells, as well as their delta volumes, and volume clusters on price scale within a specified number of bars. This indicator is similar to VolumeDeltaMT5, which uses almost the same algorithms but does not process ticks and therefore cannot work on M1. This is the reason for VolumeDeltaM1 to exist. On the other hand, VolumeDeltaMT5 can show its signal
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
This indicator builds divergence/convergence for any selected indicator.
You can add your own indicator with its custom settings to the code for free.
The indicator has two basic line drawing methods (**):
Peak search on fractals without waiting the closure of the wave (MODE = each_bar_peak)Wave search for peaks after crossing the "ZERO line" of the indicator (e.g., "zero line" for RSI = 50.0) (MODE = WAVE_bar_peak)Basic settings include 21 standard indicators included in MT5 terminal, to whi
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
The economic calendar is made in the form of an Expert Advisor that downloads the data from one of the most popular Forex sites (forexfactory.com/calendar.php). The data is presented in two ways. The first (primary) is represented as icons with detailed information about the event. The second is displayed as a line with a news description. Economic Calendar downloads published news in real mode with the possibility to adjust the spacing of data validation and user-friendly customizable graphical
This is the Famous Timing Indicator
You can now use the most famous Timing indicator on the planet.
Millionaire Mostafa Belkhayate earned his reputation by using this specific indicator to validate the entry signals supplied by his also famous Center of Gravity indicator on the Forex market. I spent hours, days, weeks to decrypt the formula and now it is finally available to you.
New and Unique for MetaTrader 5
Timing will give you perfect validations for your entry signals. It is the first
This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity?
USER MANUAL: click here
Arrows in sub-window to show strong currency momentum GAP will guide your trading! Warning signs
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
FXG_Info – the most important data in one place.
MetaTrader 5 Indicator FXG_Info provides basic statistical information about a particular currency pair. So that in combination with a chart representing currency price it is easy to determine whether the current situation is good for trading. And when you open a position it will clearly show you the current data such as SL, TP, RR. You are not limited to currency. You can use any market which is provided by you broker.
The following information
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.
Interacting with additional signal indicators that mark the chart to give a real mar
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
The indicator is based on the comparison of the correlation of trading instruments following an original algorithm. It determines the difference between correlated contracts (delta). The greater the difference, the more it is likely that this Delta will return to zero.
More suited to the FORTS market.
The greater the deviation from zero, the more it is likely that the price will return to zero. Also, the indicator divergence can be applied by comparing highs and lows.
The Number Levels indicator plots the levels of round numbers on the chart, which can be identified as the support and resistance levels.
The indicator implements the ability to set the interval between the round number levels For example, if you set HL1 = 1.00000, and HL2 = 1.05000, then the lines will be drawn every 500 points.
Important! To plot the round number levels for two or more different levels, it is necessary and sufficient to set different names to them in the indicator parameters
S2 Trend At Wavelet is designed to eliminate the noises on the Price Chart. A clear picture of the market flow will be seen due to the elimination of the unnecessary variations on the chart.
Capabilities of S2 Trend:
Chart End could be shifted to any desired point by Market End Line; A desired Scale could be used by selecting Scale Menu and the result will be shown on the chart; A separate diagram on the Main Chart could be shown by using Chart window's check box; Graphical representation
Envelopes or channel lines are set parallel to the Moving Average (to the slow MA if you use two MAs). The two channel lines must contain approximately 95% of all prices for the past two or three months on a daily chart, with only the extremes protruding outside. Channel lines provide attractive profit targets - sell longs near the upper line and cover shorts near the lower line.
The AutoEnvelope is a custom indicator - an original tool that automatically selects channels width by calculating a
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automati
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread An
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The robot does not trade at night from 10 p.m. to 4 a.m. (server time).
The robot was tested in the special tester on real ticks. Empirical e
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
This version of the Traders Dynamic Index has the redrawing of the historical data eliminated, the algorithm calculation speed optimized, more external parameters for a more precise adjustments, and its functionalities extended: added the selection of the initial oscillator and the smoothing methods of the averages.
Mode Osc - estimation oscillator selection; Period Osc - the calculation period of the oscillator used; Price Osc - applied price for the oscillation calculati
Veno EA MT5 is a safe and fully automated medium-term trading robot.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Veno Expert System MT5 automatically monitors the appearance of participants with distinct preference towards buying or selling on the market. Trades are conducted on sharp cluster and news based movements of the market. The robot analyzes the market volumes and volatility, and follows strong supply and demand movements. It smoothly sets breakeven level
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read June 2014
Muhammad Syamil Bin Abdullah, 2014.06.28 08:35
Inside The Black Box : Rishi K Narang
Whether you call it quant, algo, or black box trading, it all adds up
to the same thing: systematic trading performed by computers.
some decry it as dangerously detached from human control, and a driver
of excessive volatility in the markets, others see quantitative trading
as a welcome departure from the unruly passions and cognitive biases
that inform human investment decision making.
Say what you will
about quant trading, the fact is, overall, quant funds consistently
outperform the markets—which may be why so many smart investors are keen
to avail themselves of that black box magic.
remains obscure about quantitative trading, thanks in great part to the
extreme guardedness of quants when it comes to the details of how their
systems work. But, as quant-trader and master explainer Rishi Narang
deftly shows in this updated edition of his bestselling guide,
quantitative trading is much easier to understand and take advantage of
than you think.
Designed to make quantitative trading
comprehensible to even the most math- or technophobic investor, this
book takes you on a guided tour inside the black box. In plain English,
Mr. Narang turns the lights up on what the quants are up to, once and
for all lifting the veil of mystery surrounding quantitative trading and
quantitative trading strategies.
Following a concise introduction
to quantitative trading principles and general practices, Mr. Narang
cuts to the chase with a detailed inventory of the contents of a typical
black box system, explaining, in non-technical terms, what each one is
and how it fits together with the others.
Then, with the help of numerous real-world examples and lively anecdotes, he clearly explains:
A book that lifts the lid on black box trading, making it transparent, intuitively sensible, and readily understandable, Inside the Black Box
is a must-read for institutional investors, asset managers, investment
advisors, pension fund managers, and all savvy investors looking to gain
an edge in today's turbulent financial markets.
Something Interesting to Read February 2014
Sergey Golubev, 2014.02.04 15:21
Trading Price Action Reversals : Al Brooks
detailed guide to profiting from trend reversals using the technical analysis of price action
The key to being a successful trader is finding a system that works and
sticking with it. Author Al Brooks has done just that. By simplifying
his trading system and trading only 5-minute price charts he's found a
way to capture profits regardless of market direction or economic
climate. His first book, Reading Price Charts Bar by Bar, offered an
informative examination of his system, but it didn't allow him to get
into the real nuts and bolts of the approach. Now, with this new series
of books, Brooks takes you step by step through the entire process.
By breaking down his trading system into its simplest pieces:
institutional piggybacking or trend trading, trading ranges, and
transitions or reversals (the focus of this book), this three book
series offers access to Brooks' successful methodology. Trading Price
Action Reversals reveals the various types of reversals found in today's
markets and then takes the time to discuss the specific characteristics
of these reversals, so that you can use them in your everyday trading
endeavors. While price action analysis works on all time frames, there
are different techniques that you can use in trading intraday, daily,
weekly and monthly charts. This, among many other issues, is also
addressed throughout these pages.
Other books in the series include Trading Price Action Trends and Trading Price Action Trading Ranges
If you're looking to make the most of your time in today's markets the
trading insights found in Trading Price Action Reversals will help you
achieve this goal.
Trade Stocks and Commodities with the Insiders: Secrets of the COT Report
Everyday, the true superpowers of the market influence the future
price performance of various commodities through their buying and
selling activities. These superpowers, more commonly known as
"Commercials," are often household names—such as Pillsbury and General
Mills, if you're looking at natural resource commodities, or Chase
Manhattan when it comes to financial commodities.
large and powerful traders make a move, they must leave behind a paper
trail, due to the federal law that requires Commercials to report their
massive trading activities once every week. This valuable information is
then disseminated by the Commodity Futures Trading Commission through
the Commitment of Traders (COT) report.
Now, for the first time,
in Trade Stocks & Commodities with the Insiders, world-renowned
trader Larry Williams reveals industry secrets that will help you align
yourself with the billion-dollar traders and pools that move in and out
of the marketplace each day. You'll be introduced to the best resource
for achieving this goal—the COT—and learn exactly what this information
means for you. Williams explains this reporting system in detail and
lays out a plan that will allow you to maximize profits and manage
downside risk by trading side by side with the largest commercial
interests in the world.
Larry Williams has been following the
smart money crowd for over thirty years, and with this guide, he'll show
you who these people are and how to profit from their actions—whether
you are interested in agricultural commodities such as soybeans or the
new breed of financial commodities consisting of currencies, bonds, and
stock market indices. While most market followers look at charts, Trade
Stocks & Commodities with the Insiders will help you focus on the
true market conditions that effect price change—large buying and selling
as well as supply/demand pressure—which you'll be able to gauge each
week with the COT report.
There is no master key that can unlock
all the doors to successful price forecasting, but with Trade Stocks
& Commodities with the Insiders as your guide, you'll discover how
the proper interpretation of COT data can add substantial profits to
The Mental Edge in Trading : Adapt Your Personality Traits and Control Your Emotions to Make Smarter Investments
The Mental Edge in Trading explains the critical link between
successful trading and personality traits--and it gives you the tools to
use this information to make smarter trades.
A highly trained
psychiatrist, Dr. Jason Williams, son of legendary trader Larry
Williams, explains how to assess and measure your innate personality
traits and align them with your trading style for more profitable
trading on a more consistent basis.
Dr. Williams tested proven
winning traders who were managing billions of dollars to see what the
great winning traders had in common, what personality traits made them
so successful. The results are in this groundbreaking book that will
help you become like these winning traders.
His conclusions are
based on hard science, the latest brain research, and the careful study
of successful traders, not on psychobabble meanderings. Dr. Williams
With The Mental Edge in Trading,
you have everything you need to apply your cluster of personality
traits to become a better, wiser, and more consistently successful
Solid trading strategies and accurate market
indicators are crucial. But when push comes to shove, the glue that
binds them is your emotional state at any given time. When things go
south, the best trading system will collapse like a house of cards--if
you allow it to.
The Mental Edge in Trading provides the
tools you need to ensure this never happens to you by helping you
understand and use your emotions when it counts most. It's the key to
long-term trading success.
Until now, no other book has provided
a practical, detailed method for achieving the mental edge in trading.
What you'll find inside is based on intensive research into the minds of
today’s most profitable traders.
The Mental Edge in Trading explains the immutable relationship of human thought, emotion, and behavior and reveals how to:
complete trading-improvement tool gives you the information you need to
determine and improve your personality traits, discover your dominant
emotions, and use this information to adapt your behavior for more
The Law of Vibration: The revelation of William D. Gann
In 'The Law of Vibration' Tony Plummer presents a new theory which he
argues is revealing of a fundamental truth about the deep-structure of
the universe. The Law is embodied in a very specific pattern of
oscillation that accompanies change and evolution. It can be found in
fluctuations in stock markets and in economic activity. The research
here suggests that the pattern was known about in antiquity because it
was buried in a short passage in St Matthew's Gospel in the Bible. It
also suggests that it was known about in the early part of the 20th
century because it was concealed in the structure of books written by
the renowned stock market trader, William D. Gann, and by the
mindfulness exponent, George Gurdjieff. Both men chose to preserve their
knowledge of the pattern in a hidden form for some unknown future
purpose. Now, after 20 years of investigation, Tony Plummer tells the
story of how the pattern was originally hidden. Drawing on painstaking
research on gematria, the enneagram and financial market analysis,
Plummer reveals the existence of a behavioural pattern that may have
profound implications for the way that we view the world. Plummer's work
is elegantly structured and illustrated throughout. It is an exciting
and thought-provoking study for Gann enthusiasts, and also for
investors, economists and scientists who have an interest in the laws
that underpin systemic coherence and produce collective order.
Mastering Hurst Cycle Analysis: A modern treatment of Hurst's original system of financial market analysis
In 2011 the work of J. M. Hurst, considered by many as the father of
modern cyclic analysis, enjoyed sudden and renewed interest by the
trading community. This translated into several works approaching
Hurst's methods from three different angles.Just as stated by the author, it will help
readers get a better grasp and understanding of Hurst's work, at a
fraction of the the cost of his original private course. It will even
provide buyers with the relevant code for Tradestation and Updata. This
way, if you're tech savvy and already own one of these charting
packages, or don't mind the additional investment needed to use them,
you will be able to experiment further with the concepts covered in the
book. Since it contains the code for all the different cycles, channels
and other indicators, the author spares the reader the math details of
Hurst's work, which may be for the best, since this has always been one
of the stumbling blocks in applying Hurst's methods.The
self-proclaimed goal of the author is to lead the reader to a stage
where he can perform his own cyclic analysis. The bottom line is that
how well you master Hurst's methods after reading this book, as with so
many other things in life and trading, will depend solely on how much
work you're willing to put into experimenting with the concepts.The
book ends with a concise summary of the different theories explaining
the causes of cycles, which should stimulate even further research into
this fascinating subject.Mr Grafton mentions the Sentient Trader
software, by David Hickson, which covers similar ground. The author of
that software has, understandably, undertaken a different approach:
there is no code sharing, but instead a sleek black box, which generates
trading signals based on Hurst's original work.There is also
the OddsTrader app, by CIT Dates, which is currently the only mobile app
that allows users to chart Hurst channels and to use them as the basis
for several different trading strategies. It even includes a built-in
risk management and position sizing tool.In summary, if you're
interested in cycles and cyclic analysis, there has hardly been a better
time for delving into and exploring the subject.
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) (Collins Business Essentials)
This book is light reading compared to Ben Graham's seminal tome,
Security Analysis. It's easier to read, and shorter. It's also more up
to date. Highly recommended for investors of any stripe, value or
growth. The appendix, from Warren Buffett's speech at Columbia
University is particularly entertaining, as he debunks academia's love
affair with efficient market theory. Jason Zweig, an obvious Graham
disciple, does a fantastic job bringing the book's principles to life
through modern examples. The only grating thing is his constant
derision of brokers or anyone that actually gets paid to manage money.
(full disclosure: I'm an analyst now and was a broker for 10 years).Ben
Graham clearly invested in the stock market during a period of
hustlers, crooks, crashes, and frauds. Brokers, investment bankers and
analysts back then were not much more than fast-talking salesmen. Wait a
minute, that sounds just like the way things are today on Wall Street!
Things may not have changed as much as we would like to think. Due to
his travails as an investor in difficult markets, Ben Graham's
investment style evolved into a systematic, logical approach which
became the basis for value investing. In "The Intelligent Investor",
Graham lays out the foundation of value investing by three introducing
key principles: the idea of "Mr. Market", a value-oriented disciplined
approach to investing, and the "margin of safety" concept. "Mr. Market."The
stock market on a daily basis resembles a casino, only without the
comfort of free cocktails. Watching the stock ticker is like having a
business partner that is totally schizophrenic; Graham calls him "Mr.
Market." One day he loves the business and wants to pay a ridiculous
price to buy out your half. The next day, all hope is lost, and he
wants to sell you his portion for pennies on the dollar. Graham argues
that this daily liquidity is an advantage that most investors turn
against themselves: (p. 203) "But note this important fact: The true
investor scarcely ever is forced to sell his shares, and at all other
times he is free to disregard the current price quotation. He need pay
attention to it and act upon it only to the extent that it suits his
book, and no more. Thus the investor who permits himself to be
stampeded or unduly worried by unjustified market declines in his
holdings is perversely transforming his basic advantage into a basic
disadvantage. That man would be better off if his stocks had no market
quotation at all; for he would then be spared the mental anguish caused
him by other persons' mistakes of judgment." This is profound. It's
not a question of whether our stocks will drop; they will: the trick is
how we respond to that eventuality.Ben Graham's Stock selection for the defensive investor.Graham
lays out some important characteristics of "value" stocks. (p. 348).
Some of the metrics are dated, but the principles are still valid. Even
deep value investing today would seem like GARP investing to Ben
Graham. Investors are now more focused on future earnings than they
were in his day, and valuations reflect that. Graham recommends:a. Adequate size of the enterprise (>$100M revenue, old figure)b. Sufficiently strong financial condition (2:1 current ratio)c. Earnings stability (some earnings every year last 10 years)d. Dividend record (uninterrupted payments for at least 20 years)e. Earnings growth (1/3 increase in per share EPS past 10 years)f. Moderate price/earnings ratio (P/E < 15x average last 3 years EPS)g. Moderate ratio of price to assets (price/book < 1 1/2 times)h.
Overall stock portfolio, when acquired, should have an overall earnings
/price ratio- the reverse of the P/E ratio - at least as high as the
current high-grade bond rate. A P/E no higher than 13.3 against an AA
bond yield of 7.5%Margin of Safety as the central concept of value investing.This
is an investment rule that was written by a man who had been deeply
bruised by bear markets. I believe he came up with this by learning
from his losses. When the market turns into a storm of feces, like it
inevitably will, if the stock has no earnings to rely on, you have
nothing to grab onto. You can't make yourself stay in the stock when
the price is down. Graham says: (p. 515) "The margin of safety is the
difference between the percentage rate of the earnings on the stock at
the price you pay for it and the rate of interest on bonds, and that is
to absorb unsatisfactory developments". Furthermore he writes: (p. 518)
"The buyer of bargain issues places particular emphasis on the ability
of the investment to withstand adverse developments. " You can and will
still lose money in the market with value-oriented investing, but
according to Graham: (p. 518) "The margin guarantees only that he has a
better chance of profit than for loss-not that loss is impossible."ConclusionSo
that's it, those are the three basic points of the book, but you should
still buy it and read it, it's a very enjoyable experience, Shakespeare
for the investing crowd. Despite being a realist, Ben Graham wasn't a
total pessimist. Late in the book Graham makes a point that is one of
my favorites: (p. 524) "A fourth business rule is more positive: "Have
the courage of your knowledge and experience. If you have formed a
conclusion from the facts and if you know your judgment is sound, act on
it- even though others may hesitate or differ. You are neither right
nor wrong because the crowd disagrees with you. You are right because
your data and reasoning are right. Similarly, in the world of
securities, courage becomes the supreme virtue after adequate knowledge
and a tested judgment are at hand. "
Cybernetic Analysis for Stocks and Futures: Cutting-Edge DSP Technology to Improve Your Trading
John Ehlers’s contributions to the art and science of trading have
been nothing short of extraordinary. From his pioneering work applying
maximum entropy spectral analysis (MESA) software to trading markets, to
his definitive tour de force Rocket Science for Traders, Ehlers’s
innovative and market-proven approach to cycle analysis and market
forecasting has earned him a reputation that is unmatched among
technicians and technical traders worldwide.
Analysis for Stocks and Futures, Ehlers takes the next step, developing
and demonstrating profoundly effective new trading tools through the
application of modern digital signal processing techniques. Obtaining
accurate cycle measurements within five samples with virtually zero lag,
these tools have proven in real-time use to consistently provide
traders with razor-sharp buy and sell signals in virtually any
market–meeting or exceeding the performance of commercial systems which
cost hundreds or even thousands of dollars.
To increase the
book’s functionality and ease of use, each new technique, indicator, and
automatic trading system is defined in both EasyLanguage code (for use
in TradeStation™) and eSignal Formula Script (EFS) code. DLLs to work
with NeuroShell Trader are also available. Modernizing popular trading
procedures to take advantage of the incredible computing speed and power
available to today’s trader, Ehlers introduces:
made in computer technology in the past two decades have clearly
outpaced advances in trading software and practice. Cybernetic Analysis
for Stocks and Futures seeks to restore the balance between
computational power and user proficiency. Combining new indicators with
tested systems for forecasting stock and futures markets with surgical
precision, it will drive your systems to new levels of predictive
accuracy, trading effectiveness, and overall profitability.
Pivots, Patterns, and Intraday Swing Trades, + Website: Derivatives Analysis with the E-mini and Russell Futures Contracts
When the Chicago Mercantile Exchange launched the S&P 500 E-mini
in 1997, their aim was to provide non-professionals with an opportunity
to trade on an even footing with professional traders. Judging by the
fact that the intervening years have seen a veritable boom of E-mini
stock index trading worldwide, one can conclude that their experiment
was a smashing success.
It's easy to see why E-mini trading has
become so popular among day traders. First, there are the much lower
margins associated with the smaller contract sizes, as compared to their
floor-traded counterparts. Also, because trades are executed entirely
electronically, there are no market makers or floor brokers. And, unlike
commodities or standard futures, there is virtually no chance of
manipulation, insider trading or any of the other problems that
occasionally affect other financial markets. But along with its many
advantages and abundant opportunities, E-mini trading brings an entirely
new set of challenges and potential pitfalls that can bedevil the best
laid plans of beginners and seasoned day traders alike.
extreme leverage and the intense participation they receive, the stock
index futures markets afford little time for traders to dwell on
technical conditions. Intraday volatility in the stock indices is far
more exaggerated than that reflected in the daily bar charts of other
markets. And positioning techniques that have proven reliable in
anticipating the actions of long-term trends in other instruments, fail
miserably when applied to the countertrend reactions of the highly
leveraged S&P futures contract within the shorter, intraday time
Author Will Scheier draws upon his decades of experience
as a highly successful day trader and trading educator to provide you
into four parts, the technical tools exposed in the first three parts
are eventually brought together into a cohesive whole in Part Four.
There, a special meaning is afforded to them when they arrive in the
confluence of pattern, price and time. In addition, once the identity of
completed trade entry models are established, Part Four of the book
then includes the blueprint for creating a Trade Plan, and enumerates
the rules necessary to conduct a business according to that Plan.
informative, practical, this reliable resource will put you in a prime
position to profit mightily in today's ever more volatile stock markets
Something Interesting to Read October 2014
Sergey Golubev, 2014.10.05 09:58
The Shifts and the Shocks: What We’ve Learned - and Have Still to Learn - from the Financial Crisisby
From the chief economic commentator for the Financial Times, a brilliant tour d’horizon of the new global economy and its trajectory
There have been many books that have sought to explain the causes and
courses of the financial and economic crisis which began in 2007–8. The Shifts and the Shocks
is not another detailed history of the crisis, but the most persuasive
and complete account yet published of what the crisis should teach us
about modern economies and economics. The book identifies the
origin of the crisis in the complex interaction between globalization,
hugely destabilizing global imbalances and our dangerously fragile
financial system. In the eurozone, these sources of instability were
multiplied by the tragically defective architecture of the monetary
union. It also shows how much of the orthodoxy that shaped monetary and
financial policy before the crisis occurred was complacent and wrong. In
doing so, it mercilessly reveals the failures of the financial,
political and intellectual elites who ran the system. The book
also examines what has been done to reform the financial and monetary
systems since the worst of the crisis passed. “Are we now on a
sustainable course?” Wolf asks. “The answer is no.” He explains with
great clarity why “further crises seem certain” and why the management
of the eurozone in particular “guarantees a huge political crisis at
some point in the future.” Wolf provides far more ambitious and
comprehensive plans for reform than any currently being implemented.
Written with all the intellectual command and trenchant judgment that
have made Martin Wolf one of the world’s most influential economic
commentators, The Shifts and the Shocks matches impressive
analysis with no-holds-barred criticism and persuasive prescription for a
more stable future. It is a book no one with an interest in global