diff --git "a/data/catalog.json" "b/data/catalog.json" new file mode 100644--- /dev/null +++ "b/data/catalog.json" @@ -0,0 +1,21438 @@ +[ + { + "id": "building_winning_algorithmic_trading_systems_kevin_j_davey", + "title": "Building Algorithmic Trading Systems", + "author": "Davey, Kevin", + "totalPages": 284, + "fileSize": 6309632, + "pdfUrl": "data/pdfs/building_winning_algorithmic_trading_systems_kevin_j_davey.pdf", + "coverUrl": "data/covers/building_winning_algorithmic_trading_systems_kevin_j_davey.jpg", + "layoutUrl": "data/layouts/building_winning_algorithmic_trading_systems_kevin_j_davey.json", + "toc": [ + { + "level": 1, + "title": "BUILDING WINNING ALGORITHMIC TRADING SYSTEMS", + "page": 3 + }, + { + "level": 1, + "title": "CONTENTS", + "page": 9 + }, + { + "level": 1, + "title": "ACKNOWLEDGMENTS", + "page": 11 + }, + { + "level": 1, + "title": "ABOUT THE AUTHOR", + "page": 13 + }, + { + "level": 1, + "title": "INTRODUCTION", + "page": 15 + }, + { + "level": 2, + "title": "Who Can Benefit from This Book?", + "page": 17 + }, + { + "level": 1, + "title": "PART I A Trader’s Journey", + "page": 21 + }, + { + "level": 2, + "title": "CHAPTER 1 The Birth of a Trader", + "page": 23 + }, + { + "level": 3, + "title": "My Moving Average Debacle", + "page": 26 + }, + { + "level": 2, + "title": "CHAPTER 2 Enough Is Enough", + "page": 29 + }, + { + "level": 3, + "title": "Research", + "page": 29 + }, + { + "level": 3, + "title": "You Can’t Lose—Or Can You?", + "page": 31 + }, + { + "level": 3, + "title": "Averaging Down—Adding to Losers", + "page": 32 + }, + { + "level": 3, + "title": "The Wild Man Emerges", + "page": 34 + }, + { + "level": 3, + "title": "Time to Evaluate", + "page": 34 + }, + { + "level": 2, + "title": "CHAPTER 3 World Cup Championship of Futures Trading® Triumph", + "page": 37 + }, + { + "level": 3, + "title": "2005", + "page": 39 + }, + { + "level": 3, + "title": "2006", + "page": 41 + }, + { + "level": 3, + "title": "2007", + "page": 43 + }, + { + "level": 3, + "title": "Reflections on the Contest", + "page": 44 + }, + { + "level": 2, + "title": "CHAPTER 4 Making the Leap—Transitioning to Full Time", + "page": 47 + }, + { + "level": 3, + "title": "Confidence", + "page": 48 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 48 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 48 + }, + { + "level": 3, + "title": "Capital", + "page": 48 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 49 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 49 + }, + { + "level": 3, + "title": "Living Expenses", + "page": 50 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 50 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 50 + }, + { + "level": 3, + "title": "Family Support", + "page": 50 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 50 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 51 + }, + { + "level": 3, + "title": "Home Office Setup", + "page": 51 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 51 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 51 + }, + { + "level": 3, + "title": "Trading Strategies", + "page": 51 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 51 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 51 + }, + { + "level": 3, + "title": "Brokers", + "page": 52 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 52 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 52 + }, + { + "level": 3, + "title": "Free Time", + "page": 52 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 53 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 53 + }, + { + "level": 3, + "title": "Taking the Plunge", + "page": 53 + }, + { + "level": 1, + "title": "PART II Your Trading System", + "page": 55 + }, + { + "level": 2, + "title": "CHAPTER 5 Testing and Evaluating a Trading System", + "page": 57 + }, + { + "level": 3, + "title": "Historical Back Testing", + "page": 62 + }, + { + "level": 3, + "title": "Out-of-Sample Testing", + "page": 63 + }, + { + "level": 3, + "title": "Walk-Forward Analysis", + "page": 64 + }, + { + "level": 3, + "title": "Real-Time Analysis", + "page": 65 + }, + { + "level": 2, + "title": "CHAPTER 6 Preliminary Analysis", + "page": 67 + }, + { + "level": 2, + "title": "CHAPTER 7 Detailed Analysis", + "page": 75 + }, + { + "level": 3, + "title": "What Is Monte Carlo Analysis?", + "page": 75 + }, + { + "level": 3, + "title": "Inputs to Monte Carlo Simulator", + "page": 77 + }, + { + "level": 3, + "title": "Limitations of the Simulator", + "page": 78 + }, + { + "level": 3, + "title": "Simulator Output", + "page": 78 + }, + { + "level": 4, + "title": "Starting Equity", + "page": 78 + }, + { + "level": 4, + "title": "Risk of Ruin", + "page": 78 + }, + { + "level": 4, + "title": "Median Drawdown", + "page": 80 + }, + { + "level": 4, + "title": "Median $ Profit, Median Return", + "page": 82 + }, + { + "level": 4, + "title": "Return/Drawdown", + "page": 82 + }, + { + "level": 4, + "title": "Prob > 0", + "page": 83 + }, + { + "level": 3, + "title": "Summary", + "page": 83 + }, + { + "level": 2, + "title": "CHAPTER 8 Designing and Developing Systems", + "page": 85 + }, + { + "level": 3, + "title": "Isn’t It All Just Optimizing?", + "page": 89 + }, + { + "level": 1, + "title": "PART III Developing a Strategy", + "page": 91 + }, + { + "level": 2, + "title": "CHAPTER 9 Strategy Development–Goals and Objectives", + "page": 93 + }, + { + "level": 2, + "title": "CHAPTER 10 Trading Idea", + "page": 97 + }, + { + "level": 3, + "title": "How Will You Enter a Market?", + "page": 97 + }, + { + "level": 3, + "title": "How Will You Exit a Market?", + "page": 99 + }, + { + "level": 3, + "title": "What Markets Will You Trade?", + "page": 100 + }, + { + "level": 3, + "title": "What Type of System Do You Want?", + "page": 101 + }, + { + "level": 3, + "title": "What Time Frame/Bar Size Will You Trade?", + "page": 103 + }, + { + "level": 3, + "title": "How Will You Program the Strategy?", + "page": 105 + }, + { + "level": 2, + "title": "CHAPTER 11 Let’s Talk about Data", + "page": 107 + }, + { + "level": 3, + "title": "How Much?", + "page": 107 + }, + { + "level": 3, + "title": "Pit or Electronic Data?", + "page": 108 + }, + { + "level": 3, + "title": "Continuous Contracts", + "page": 110 + }, + { + "level": 3, + "title": "The Impact of Electronic Markets", + "page": 113 + }, + { + "level": 3, + "title": "Testing with Forex Data", + "page": 113 + }, + { + "level": 3, + "title": "Summary", + "page": 115 + }, + { + "level": 2, + "title": "CHAPTER 12 Limited Testing", + "page": 117 + }, + { + "level": 3, + "title": "Entry Testing", + "page": 118 + }, + { + "level": 4, + "title": "Fixed-Stop and Target Exit", + "page": 119 + }, + { + "level": 4, + "title": "Fixed-Bar Exit", + "page": 119 + }, + { + "level": 4, + "title": "Random Exit", + "page": 119 + }, + { + "level": 4, + "title": "Entry Evaluation Criteria", + "page": 119 + }, + { + "level": 3, + "title": "Exit Testing", + "page": 120 + }, + { + "level": 4, + "title": "Similar-Approach Entry", + "page": 120 + }, + { + "level": 4, + "title": "Random Entry", + "page": 121 + }, + { + "level": 3, + "title": "Exit Evaluation Criteria", + "page": 121 + }, + { + "level": 3, + "title": "Core System Testing", + "page": 121 + }, + { + "level": 3, + "title": "Monkey See, Monkey Do", + "page": 123 + }, + { + "level": 4, + "title": "Test 1: “Monkey Entry”", + "page": 123 + }, + { + "level": 4, + "title": "Test 2: “Monkey Exit”", + "page": 124 + }, + { + "level": 4, + "title": "Test 3: “Monkey Entry, Monkey Exit”", + "page": 124 + }, + { + "level": 4, + "title": "Time Frames", + "page": 124 + }, + { + "level": 4, + "title": "Monkey Testing—Example", + "page": 125 + }, + { + "level": 2, + "title": "CHAPTER 13 In-Depth Testing/Walk-Forward Analysis", + "page": 129 + }, + { + "level": 3, + "title": "No Parameters", + "page": 130 + }, + { + "level": 3, + "title": "A Walk-Forward Primer", + "page": 131 + }, + { + "level": 3, + "title": "Walk-Forward Inputs", + "page": 135 + }, + { + "level": 4, + "title": "In Period", + "page": 136 + }, + { + "level": 4, + "title": "Out Period", + "page": 136 + }, + { + "level": 3, + "title": "Fitness Function", + "page": 136 + }, + { + "level": 4, + "title": "Net Profit", + "page": 137 + }, + { + "level": 4, + "title": "Linearity of Equity Curve", + "page": 137 + }, + { + "level": 4, + "title": "Return on Account", + "page": 137 + }, + { + "level": 3, + "title": "Anchored/Unanchored", + "page": 138 + }, + { + "level": 3, + "title": "Running the Analysis", + "page": 139 + }, + { + "level": 3, + "title": "Put the Walk-Forward Strategy Together", + "page": 141 + }, + { + "level": 2, + "title": "CHAPTER 14 Monte Carlo Analysis and Incubation", + "page": 143 + }, + { + "level": 3, + "title": "Incubation", + "page": 144 + }, + { + "level": 3, + "title": "Evaluating Incubation", + "page": 146 + }, + { + "level": 2, + "title": "CHAPTER 15 Diversification", + "page": 147 + }, + { + "level": 3, + "title": "Designing with Diversification in Mind", + "page": 148 + }, + { + "level": 3, + "title": "Measuring Diversification", + "page": 149 + }, + { + "level": 4, + "title": "Daily Return Correlation", + "page": 149 + }, + { + "level": 4, + "title": "Linearity of Equity Curve", + "page": 150 + }, + { + "level": 4, + "title": "Maximum Drawdown", + "page": 150 + }, + { + "level": 4, + "title": "Monte Carlo, Return/Drawdown", + "page": 150 + }, + { + "level": 2, + "title": "CHAPTER 16 Position Sizing and Money Management", + "page": 153 + }, + { + "level": 3, + "title": "No Optimum Position Sizing", + "page": 153 + }, + { + "level": 3, + "title": "Risk and Reward Are a Team", + "page": 154 + }, + { + "level": 3, + "title": "Position Sizing Can Be Optimized", + "page": 154 + }, + { + "level": 3, + "title": "Losing Systems Cannot Become Winners", + "page": 154 + }, + { + "level": 3, + "title": "Winning Systems Can Become Losers", + "page": 155 + }, + { + "level": 3, + "title": "The Fantasy of Size", + "page": 155 + }, + { + "level": 3, + "title": "Short Term—Go for Broke", + "page": 156 + }, + { + "level": 3, + "title": "No Position Sizing = No Good!", + "page": 156 + }, + { + "level": 3, + "title": "Strategy, Then Position Size, or Strategy and Position Size Together?", + "page": 156 + }, + { + "level": 3, + "title": "Positioning Size—Single System", + "page": 157 + }, + { + "level": 3, + "title": "Positioning Size—Multiple Systems", + "page": 158 + }, + { + "level": 2, + "title": "CHAPTER 17 Documenting the Process", + "page": 161 + }, + { + "level": 3, + "title": "Trading Goals", + "page": 161 + }, + { + "level": 3, + "title": "Trading Idea", + "page": 161 + }, + { + "level": 3, + "title": "Limited Testing", + "page": 164 + }, + { + "level": 3, + "title": "Walk-Forward Testing", + "page": 165 + }, + { + "level": 3, + "title": "Monte Carlo Testing", + "page": 165 + }, + { + "level": 3, + "title": "Incubation Testing", + "page": 165 + }, + { + "level": 3, + "title": "Diversification Check", + "page": 166 + }, + { + "level": 3, + "title": "Position-Sizing Check", + "page": 166 + }, + { + "level": 3, + "title": "Final Notes", + "page": 166 + }, + { + "level": 3, + "title": "One Final List", + "page": 166 + }, + { + "level": 1, + "title": "PART IV Creating a System", + "page": 167 + }, + { + "level": 2, + "title": "CHAPTER 18 Goals, Initial and Walk-Forward Testing", + "page": 169 + }, + { + "level": 3, + "title": "Developing a New Strategy", + "page": 169 + }, + { + "level": 3, + "title": "Limited Testing", + "page": 173 + }, + { + "level": 3, + "title": "Walk-Forward Testing", + "page": 175 + }, + { + "level": 2, + "title": "CHAPTER 19 Monte Carlo Testing and Incubation", + "page": 177 + }, + { + "level": 3, + "title": "Euro Day Strategy", + "page": 177 + }, + { + "level": 3, + "title": "Euro Night Strategy", + "page": 178 + }, + { + "level": 3, + "title": "Euro Day and Night Strategy", + "page": 181 + }, + { + "level": 3, + "title": "Incubation", + "page": 183 + }, + { + "level": 3, + "title": "Are Results Similar?", + "page": 184 + }, + { + "level": 3, + "title": "Final Information", + "page": 185 + }, + { + "level": 3, + "title": "Position Sizing", + "page": 186 + }, + { + "level": 3, + "title": "Correlation with Other Strategies", + "page": 186 + }, + { + "level": 3, + "title": "Monte Carlo—Consistency", + "page": 186 + }, + { + "level": 3, + "title": "Eliminating Big Days", + "page": 188 + }, + { + "level": 3, + "title": "Outlier Days", + "page": 188 + }, + { + "level": 1, + "title": "PART V Considerations before Going Live", + "page": 189 + }, + { + "level": 2, + "title": "CHAPTER 20 Account and Position Sizing", + "page": 191 + }, + { + "level": 3, + "title": "When to Quit", + "page": 191 + }, + { + "level": 3, + "title": "Minimum Funding Size", + "page": 194 + }, + { + "level": 3, + "title": "Position Sizing", + "page": 194 + }, + { + "level": 3, + "title": "Unequal Position Sizing", + "page": 199 + }, + { + "level": 2, + "title": "CHAPTER 21 Trading Psychology", + "page": 201 + }, + { + "level": 3, + "title": "When to Begin Trading", + "page": 202 + }, + { + "level": 3, + "title": "When to Quit", + "page": 204 + }, + { + "level": 2, + "title": "CHAPTER 22 Other Considerations before Going Live", + "page": 209 + }, + { + "level": 3, + "title": "Accounting, Trading Brokers", + "page": 209 + }, + { + "level": 3, + "title": "Automation, Unattended, VPS, Where Are Orders Kept?", + "page": 210 + }, + { + "level": 4, + "title": "Backup Plans", + "page": 210 + }, + { + "level": 4, + "title": "To Automate or Not to Automate?", + "page": 211 + }, + { + "level": 4, + "title": "Attended, Unattended?", + "page": 211 + }, + { + "level": 4, + "title": "VPS", + "page": 211 + }, + { + "level": 4, + "title": "Where Orders Are Kept", + "page": 211 + }, + { + "level": 3, + "title": "Rollover Considerations", + "page": 212 + }, + { + "level": 4, + "title": "Real World—What Your Actual Trading Account Sees", + "page": 213 + }, + { + "level": 4, + "title": "Strategy World—What Your Strategy, Acting on a Back-Adjusted Continuous Contract, Thinks Is Happening", + "page": 213 + }, + { + "level": 4, + "title": "Method 1: Quick Roll (Most Expensive Typically)", + "page": 213 + }, + { + "level": 4, + "title": "Method 2: Leg in Roll (Cheapest Method Typically if Done Correctly)", + "page": 214 + }, + { + "level": 4, + "title": "Method 3: Exchange Supported Spread Roll (Cost Usually between Methods 1 and 2)", + "page": 214 + }, + { + "level": 1, + "title": "PART VI Monitoring a Live Strategy", + "page": 217 + }, + { + "level": 2, + "title": "CHAPTER 23 The Ins and Outs of Monitoring a Live Strategy", + "page": 219 + }, + { + "level": 3, + "title": "How to Build an Equity Curve (and a Drawdown Curve, Too!)", + "page": 220 + }, + { + "level": 4, + "title": "Equity Curve", + "page": 220 + }, + { + "level": 4, + "title": "Drawdown Curve", + "page": 221 + }, + { + "level": 3, + "title": "Monthly Summary Chart", + "page": 221 + }, + { + "level": 3, + "title": "How to Use This Graph", + "page": 229 + }, + { + "level": 3, + "title": "Tracking Expected and Actual Performance", + "page": 230 + }, + { + "level": 2, + "title": "CHAPTER 24 Real Time", + "page": 233 + }, + { + "level": 3, + "title": "Four-Week Review—September 13, 2013, End Date", + "page": 233 + }, + { + "level": 3, + "title": "Update after Week 7", + "page": 234 + }, + { + "level": 3, + "title": "Week 8 Review", + "page": 236 + }, + { + "level": 3, + "title": "Week 9—Automated Trading Issues", + "page": 238 + }, + { + "level": 3, + "title": "Week 9—Limit Order Fills (October 28, 2013)", + "page": 240 + }, + { + "level": 3, + "title": "Week 12 Review", + "page": 241 + }, + { + "level": 3, + "title": "Week 13—Time Limit Review", + "page": 243 + }, + { + "level": 3, + "title": "Week 15 Review", + "page": 243 + }, + { + "level": 3, + "title": "Future Reviews", + "page": 245 + }, + { + "level": 1, + "title": "PART VII Cautionary Tales", + "page": 247 + }, + { + "level": 2, + "title": "CHAPTER 25 Delusions of Grandeur", + "page": 249 + }, + { + "level": 3, + "title": "Don Demo", + "page": 250 + }, + { + "level": 3, + "title": "Gus the Guru", + "page": 250 + }, + { + "level": 3, + "title": "Paul the Predictor", + "page": 250 + }, + { + "level": 3, + "title": "Cal the Complication King", + "page": 251 + }, + { + "level": 3, + "title": "Pay Me Peter", + "page": 251 + }, + { + "level": 3, + "title": "Frank Five Hundred", + "page": 252 + }, + { + "level": 3, + "title": "Billy the Boaster", + "page": 252 + }, + { + "level": 3, + "title": "Connie the Compounder", + "page": 253 + }, + { + "level": 3, + "title": "Ian versus the Illuminati", + "page": 253 + }, + { + "level": 3, + "title": "Suki the Spinner", + "page": 253 + }, + { + "level": 3, + "title": "Paolo the Plagiarizer", + "page": 254 + }, + { + "level": 3, + "title": "Slick Sam", + "page": 254 + }, + { + "level": 3, + "title": "The Delusion Conclusion", + "page": 255 + }, + { + "level": 1, + "title": "CONCLUSION", + "page": 257 + }, + { + "level": 1, + "title": "APPENDIX A Monkey Trading Example, TradeStation Easy Language Code", + "page": 261 + }, + { + "level": 2, + "title": "Strategy 1: Baseline Strategy (No Randomness)", + "page": 261 + }, + { + "level": 2, + "title": "Strategy 2: Random Entry, Baseline Exit Strategy", + "page": 263 + }, + { + "level": 2, + "title": "Strategy 3: Baseline Entry, Random Exit Strategy", + "page": 265 + }, + { + "level": 2, + "title": "Strategy 4: Random Entry, Random Exit Strategy", + "page": 266 + }, + { + "level": 1, + "title": "APPENDIX B Euro Night Strategy, TradeStation Easy Language Format", + "page": 269 + }, + { + "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": "building_winning_algorithmic_trading_systems_kevin_j_davey", + "title": "Building Algorithmic Trading Systems", + "author": "Davey, Kevin", + "totalPages": 284, + "fileSize": 6309632, + "pdfUrl": "data/pdfs/building_winning_algorithmic_trading_systems_kevin_j_davey.pdf", + "coverUrl": "data/covers/building_winning_algorithmic_trading_systems_kevin_j_davey.jpg", + "layoutUrl": "data/layouts/building_winning_algorithmic_trading_systems_kevin_j_davey.json", + "toc": [ + { + "level": 1, + "title": "BUILDING WINNING ALGORITHMIC TRADING SYSTEMS", + "page": 3 + }, + { + "level": 1, + "title": "CONTENTS", + "page": 9 + }, + { + "level": 1, + "title": "ACKNOWLEDGMENTS", + "page": 11 + }, + { + "level": 1, + "title": "ABOUT THE AUTHOR", + "page": 13 + }, + { + "level": 1, + "title": "INTRODUCTION", + "page": 15 + }, + { + "level": 2, + "title": "Who Can Benefit from This Book?", + "page": 17 + }, + { + "level": 1, + "title": "PART I A Trader’s Journey", + "page": 21 + }, + { + "level": 2, + "title": "CHAPTER 1 The Birth of a Trader", + "page": 23 + }, + { + "level": 3, + "title": "My Moving Average Debacle", + "page": 26 + }, + { + "level": 2, + "title": "CHAPTER 2 Enough Is Enough", + "page": 29 + }, + { + "level": 3, + "title": "Research", + "page": 29 + }, + { + "level": 3, + "title": "You Can’t Lose—Or Can You?", + "page": 31 + }, + { + "level": 3, + "title": "Averaging Down—Adding to Losers", + "page": 32 + }, + { + "level": 3, + "title": "The Wild Man Emerges", + "page": 34 + }, + { + "level": 3, + "title": "Time to Evaluate", + "page": 34 + }, + { + "level": 2, + "title": "CHAPTER 3 World Cup Championship of Futures Trading® Triumph", + "page": 37 + }, + { + "level": 3, + "title": "2005", + "page": 39 + }, + { + "level": 3, + "title": "2006", + "page": 41 + }, + { + "level": 3, + "title": "2007", + "page": 43 + }, + { + "level": 3, + "title": "Reflections on the Contest", + "page": 44 + }, + { + "level": 2, + "title": "CHAPTER 4 Making the Leap—Transitioning to Full Time", + "page": 47 + }, + { + "level": 3, + "title": "Confidence", + "page": 48 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 48 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 48 + }, + { + "level": 3, + "title": "Capital", + "page": 48 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 49 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 49 + }, + { + "level": 3, + "title": "Living Expenses", + "page": 50 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 50 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 50 + }, + { + "level": 3, + "title": "Family Support", + "page": 50 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 50 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 51 + }, + { + "level": 3, + "title": "Home Office Setup", + "page": 51 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 51 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 51 + }, + { + "level": 3, + "title": "Trading Strategies", + "page": 51 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 51 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 51 + }, + { + "level": 3, + "title": "Brokers", + "page": 52 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 52 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 52 + }, + { + "level": 3, + "title": "Free Time", + "page": 52 + }, + { + "level": 4, + "title": "What I Did Right", + "page": 53 + }, + { + "level": 4, + "title": "What I Did Wrong", + "page": 53 + }, + { + "level": 3, + "title": "Taking the Plunge", + "page": 53 + }, + { + "level": 1, + "title": "PART II Your Trading System", + "page": 55 + }, + { + "level": 2, + "title": "CHAPTER 5 Testing and Evaluating a Trading System", + "page": 57 + }, + { + "level": 3, + "title": "Historical Back Testing", + "page": 62 + }, + { + "level": 3, + "title": "Out-of-Sample Testing", + "page": 63 + }, + { + "level": 3, + "title": "Walk-Forward Analysis", + "page": 64 + }, + { + "level": 3, + "title": "Real-Time Analysis", + "page": 65 + }, + { + "level": 2, + "title": "CHAPTER 6 Preliminary Analysis", + "page": 67 + }, + { + "level": 2, + "title": "CHAPTER 7 Detailed Analysis", + "page": 75 + }, + { + "level": 3, + "title": "What Is Monte Carlo Analysis?", + "page": 75 + }, + { + "level": 3, + "title": "Inputs to Monte Carlo Simulator", + "page": 77 + }, + { + "level": 3, + "title": "Limitations of the Simulator", + "page": 78 + }, + { + "level": 3, + "title": "Simulator Output", + "page": 78 + }, + { + "level": 4, + "title": "Starting Equity", + "page": 78 + }, + { + "level": 4, + "title": "Risk of Ruin", + "page": 78 + }, + { + "level": 4, + "title": "Median Drawdown", + "page": 80 + }, + { + "level": 4, + "title": "Median $ Profit, Median Return", + "page": 82 + }, + { + "level": 4, + "title": "Return/Drawdown", + "page": 82 + }, + { + "level": 4, + "title": "Prob > 0", + "page": 83 + }, + { + "level": 3, + "title": "Summary", + "page": 83 + }, + { + "level": 2, + "title": "CHAPTER 8 Designing and Developing Systems", + "page": 85 + }, + { + "level": 3, + "title": "Isn’t It All Just Optimizing?", + "page": 89 + }, + { + "level": 1, + "title": "PART III Developing a Strategy", + "page": 91 + }, + { + "level": 2, + "title": "CHAPTER 9 Strategy Development–Goals and Objectives", + "page": 93 + }, + { + "level": 2, + "title": "CHAPTER 10 Trading Idea", + "page": 97 + }, + { + "level": 3, + "title": "How Will You Enter a Market?", + "page": 97 + }, + { + "level": 3, + "title": "How Will You Exit a Market?", + "page": 99 + }, + { + "level": 3, + "title": "What Markets Will You Trade?", + "page": 100 + }, + { + "level": 3, + "title": "What Type of System Do You Want?", + "page": 101 + }, + { + "level": 3, + "title": "What Time Frame/Bar Size Will You Trade?", + "page": 103 + }, + { + "level": 3, + "title": "How Will You Program the Strategy?", + "page": 105 + }, + { + "level": 2, + "title": "CHAPTER 11 Let’s Talk about Data", + "page": 107 + }, + { + "level": 3, + "title": "How Much?", + "page": 107 + }, + { + "level": 3, + "title": "Pit or Electronic Data?", + "page": 108 + }, + { + "level": 3, + "title": "Continuous Contracts", + "page": 110 + }, + { + "level": 3, + "title": "The Impact of Electronic Markets", + "page": 113 + }, + { + "level": 3, + "title": "Testing with Forex Data", + "page": 113 + }, + { + "level": 3, + "title": "Summary", + "page": 115 + }, + { + "level": 2, + "title": "CHAPTER 12 Limited Testing", + "page": 117 + }, + { + "level": 3, + "title": "Entry Testing", + "page": 118 + }, + { + "level": 4, + "title": "Fixed-Stop and Target Exit", + "page": 119 + }, + { + "level": 4, + "title": "Fixed-Bar Exit", + "page": 119 + }, + { + "level": 4, + "title": "Random Exit", + "page": 119 + }, + { + "level": 4, + "title": "Entry Evaluation Criteria", + "page": 119 + }, + { + "level": 3, + "title": "Exit Testing", + "page": 120 + }, + { + "level": 4, + "title": "Similar-Approach Entry", + "page": 120 + }, + { + "level": 4, + "title": "Random Entry", + "page": 121 + }, + { + "level": 3, + "title": "Exit Evaluation Criteria", + "page": 121 + }, + { + "level": 3, + "title": "Core System Testing", + "page": 121 + }, + { + "level": 3, + "title": "Monkey See, Monkey Do", + "page": 123 + }, + { + "level": 4, + "title": "Test 1: “Monkey Entry”", + "page": 123 + }, + { + "level": 4, + "title": "Test 2: “Monkey Exit”", + "page": 124 + }, + { + "level": 4, + "title": "Test 3: “Monkey Entry, Monkey Exit”", + "page": 124 + }, + { + "level": 4, + "title": "Time Frames", + "page": 124 + }, + { + "level": 4, + "title": "Monkey Testing—Example", + "page": 125 + }, + { + "level": 2, + "title": "CHAPTER 13 In-Depth Testing/Walk-Forward Analysis", + "page": 129 + }, + { + "level": 3, + "title": "No Parameters", + "page": 130 + }, + { + "level": 3, + "title": "A Walk-Forward Primer", + "page": 131 + }, + { + "level": 3, + "title": "Walk-Forward Inputs", + "page": 135 + }, + { + "level": 4, + "title": "In Period", + "page": 136 + }, + { + "level": 4, + "title": "Out Period", + "page": 136 + }, + { + "level": 3, + "title": "Fitness Function", + "page": 136 + }, + { + "level": 4, + "title": "Net Profit", + "page": 137 + }, + { + "level": 4, + "title": "Linearity of Equity Curve", + "page": 137 + }, + { + "level": 4, + "title": "Return on Account", + "page": 137 + }, + { + "level": 3, + "title": "Anchored/Unanchored", + "page": 138 + }, + { + "level": 3, + "title": "Running the Analysis", + "page": 139 + }, + { + "level": 3, + "title": "Put the Walk-Forward Strategy Together", + "page": 141 + }, + { + "level": 2, + "title": "CHAPTER 14 Monte Carlo Analysis and Incubation", + "page": 143 + }, + { + "level": 3, + "title": "Incubation", + "page": 144 + }, + { + "level": 3, + "title": "Evaluating Incubation", + "page": 146 + }, + { + "level": 2, + "title": "CHAPTER 15 Diversification", + "page": 147 + }, + { + "level": 3, + "title": "Designing with Diversification in Mind", + "page": 148 + }, + { + "level": 3, + "title": "Measuring Diversification", + "page": 149 + }, + { + "level": 4, + "title": "Daily Return Correlation", + "page": 149 + }, + { + "level": 4, + "title": "Linearity of Equity Curve", + "page": 150 + }, + { + "level": 4, + "title": "Maximum Drawdown", + "page": 150 + }, + { + "level": 4, + "title": "Monte Carlo, Return/Drawdown", + "page": 150 + }, + { + "level": 2, + "title": "CHAPTER 16 Position Sizing and Money Management", + "page": 153 + }, + { + "level": 3, + "title": "No Optimum Position Sizing", + "page": 153 + }, + { + "level": 3, + "title": "Risk and Reward Are a Team", + "page": 154 + }, + { + "level": 3, + "title": "Position Sizing Can Be Optimized", + "page": 154 + }, + { + "level": 3, + "title": "Losing Systems Cannot Become Winners", + "page": 154 + }, + { + "level": 3, + "title": "Winning Systems Can Become Losers", + "page": 155 + }, + { + "level": 3, + "title": "The Fantasy of Size", + "page": 155 + }, + { + "level": 3, + "title": "Short Term—Go for Broke", + "page": 156 + }, + { + "level": 3, + "title": "No Position Sizing = No Good!", + "page": 156 + }, + { + "level": 3, + "title": "Strategy, Then Position Size, or Strategy and Position Size Together?", + "page": 156 + }, + { + "level": 3, + "title": "Positioning Size—Single System", + "page": 157 + }, + { + "level": 3, + "title": "Positioning Size—Multiple Systems", + "page": 158 + }, + { + "level": 2, + "title": "CHAPTER 17 Documenting the Process", + "page": 161 + }, + { + "level": 3, + "title": "Trading Goals", + "page": 161 + }, + { + "level": 3, + "title": "Trading Idea", + "page": 161 + }, + { + "level": 3, + "title": "Limited Testing", + "page": 164 + }, + { + "level": 3, + "title": "Walk-Forward Testing", + "page": 165 + }, + { + "level": 3, + "title": "Monte Carlo Testing", + "page": 165 + }, + { + "level": 3, + "title": "Incubation Testing", + "page": 165 + }, + { + "level": 3, + "title": "Diversification Check", + "page": 166 + }, + { + "level": 3, + "title": "Position-Sizing Check", + "page": 166 + }, + { + "level": 3, + "title": "Final Notes", + "page": 166 + }, + { + "level": 3, + "title": "One Final List", + "page": 166 + }, + { + "level": 1, + "title": "PART IV Creating a System", + "page": 167 + }, + { + "level": 2, + "title": "CHAPTER 18 Goals, Initial and Walk-Forward Testing", + "page": 169 + }, + { + "level": 3, + "title": "Developing a New Strategy", + "page": 169 + }, + { + "level": 3, + "title": "Limited Testing", + "page": 173 + }, + { + "level": 3, + "title": "Walk-Forward Testing", + "page": 175 + }, + { + "level": 2, + "title": "CHAPTER 19 Monte Carlo Testing and Incubation", + "page": 177 + }, + { + "level": 3, + "title": "Euro Day Strategy", + "page": 177 + }, + { + "level": 3, + "title": "Euro Night Strategy", + "page": 178 + }, + { + "level": 3, + "title": "Euro Day and Night Strategy", + "page": 181 + }, + { + "level": 3, + "title": "Incubation", + "page": 183 + }, + { + "level": 3, + "title": "Are Results Similar?", + "page": 184 + }, + { + "level": 3, + "title": "Final Information", + "page": 185 + }, + { + "level": 3, + "title": "Position Sizing", + "page": 186 + }, + { + "level": 3, + "title": "Correlation with Other Strategies", + "page": 186 + }, + { + "level": 3, + "title": "Monte Carlo—Consistency", + "page": 186 + }, + { + "level": 3, + "title": "Eliminating Big Days", + "page": 188 + }, + { + "level": 3, + "title": "Outlier Days", + "page": 188 + }, + { + "level": 1, + "title": "PART V Considerations before Going Live", + "page": 189 + }, + { + "level": 2, + "title": "CHAPTER 20 Account and Position Sizing", + "page": 191 + }, + { + "level": 3, + "title": "When to Quit", + "page": 191 + }, + { + "level": 3, + "title": "Minimum Funding Size", + "page": 194 + }, + { + "level": 3, + "title": "Position Sizing", + "page": 194 + }, + { + "level": 3, + "title": "Unequal Position Sizing", + "page": 199 + }, + { + "level": 2, + "title": "CHAPTER 21 Trading Psychology", + "page": 201 + }, + { + "level": 3, + "title": "When to Begin Trading", + "page": 202 + }, + { + "level": 3, + "title": "When to Quit", + "page": 204 + }, + { + "level": 2, + "title": "CHAPTER 22 Other Considerations before Going Live", + "page": 209 + }, + { + "level": 3, + "title": "Accounting, Trading Brokers", + "page": 209 + }, + { + "level": 3, + "title": "Automation, Unattended, VPS, Where Are Orders Kept?", + "page": 210 + }, + { + "level": 4, + "title": "Backup Plans", + "page": 210 + }, + { + "level": 4, + "title": "To Automate or Not to Automate?", + "page": 211 + }, + { + "level": 4, + "title": "Attended, Unattended?", + "page": 211 + }, + { + "level": 4, + "title": "VPS", + "page": 211 + }, + { + "level": 4, + "title": "Where Orders Are Kept", + "page": 211 + }, + { + "level": 3, + "title": "Rollover Considerations", + "page": 212 + }, + { + "level": 4, + "title": "Real World—What Your Actual Trading Account Sees", + "page": 213 + }, + { + "level": 4, + "title": "Strategy World—What Your Strategy, Acting on a Back-Adjusted Continuous Contract, Thinks Is Happening", + "page": 213 + }, + { + "level": 4, + "title": "Method 1: Quick Roll (Most Expensive Typically)", + "page": 213 + }, + { + "level": 4, + "title": "Method 2: Leg in Roll (Cheapest Method Typically if Done Correctly)", + "page": 214 + }, + { + "level": 4, + "title": "Method 3: Exchange Supported Spread Roll (Cost Usually between Methods 1 and 2)", + "page": 214 + }, + { + "level": 1, + "title": "PART VI Monitoring a Live Strategy", + "page": 217 + }, + { + "level": 2, + "title": "CHAPTER 23 The Ins and Outs of Monitoring a Live Strategy", + "page": 219 + }, + { + "level": 3, + "title": "How to Build an Equity Curve (and a Drawdown Curve, Too!)", + "page": 220 + }, + { + "level": 4, + "title": "Equity Curve", + "page": 220 + }, + { + "level": 4, + "title": "Drawdown Curve", + "page": 221 + }, + { + "level": 3, + "title": "Monthly Summary Chart", + "page": 221 + }, + { + "level": 3, + "title": "How to Use This Graph", + "page": 229 + }, + { + "level": 3, + "title": "Tracking Expected and Actual Performance", + "page": 230 + }, + { + "level": 2, + "title": "CHAPTER 24 Real Time", + "page": 233 + }, + { + "level": 3, + "title": "Four-Week Review—September 13, 2013, End Date", + "page": 233 + }, + { + "level": 3, + "title": "Update after Week 7", + "page": 234 + }, + { + "level": 3, + "title": "Week 8 Review", + "page": 236 + }, + { + "level": 3, + "title": "Week 9—Automated Trading Issues", + "page": 238 + }, + { + "level": 3, + "title": "Week 9—Limit Order Fills (October 28, 2013)", + "page": 240 + }, + { + "level": 3, + "title": "Week 12 Review", + "page": 241 + }, + { + "level": 3, + "title": "Week 13—Time Limit Review", + "page": 243 + }, + { + "level": 3, + "title": "Week 15 Review", + "page": 243 + }, + { + "level": 3, + "title": "Future Reviews", + "page": 245 + }, + { + "level": 1, + "title": "PART VII Cautionary Tales", + "page": 247 + }, + { + "level": 2, + "title": "CHAPTER 25 Delusions of Grandeur", + "page": 249 + }, + { + "level": 3, + "title": "Don Demo", + "page": 250 + }, + { + "level": 3, + "title": "Gus the Guru", + "page": 250 + }, + { + "level": 3, + "title": "Paul the Predictor", + "page": 250 + }, + { + "level": 3, + "title": "Cal the Complication King", + "page": 251 + }, + { + "level": 3, + "title": "Pay Me Peter", + "page": 251 + }, + { + "level": 3, + "title": "Frank Five Hundred", + "page": 252 + }, + { + "level": 3, + "title": "Billy the Boaster", + "page": 252 + }, + { + "level": 3, + "title": "Connie the Compounder", + "page": 253 + }, + { + "level": 3, + "title": "Ian versus the Illuminati", + "page": 253 + }, + { + "level": 3, + "title": "Suki the Spinner", + "page": 253 + }, + { + "level": 3, + "title": "Paolo the Plagiarizer", + "page": 254 + }, + { + "level": 3, + "title": "Slick Sam", + "page": 254 + }, + { + "level": 3, + "title": "The Delusion Conclusion", + "page": 255 + }, + { + "level": 1, + "title": "CONCLUSION", + "page": 257 + }, + { + "level": 1, + "title": "APPENDIX A Monkey Trading Example, TradeStation Easy Language Code", + "page": 261 + }, + { + "level": 2, + "title": "Strategy 1: Baseline Strategy (No Randomness)", + "page": 261 + }, + { + "level": 2, + "title": "Strategy 2: Random Entry, Baseline Exit Strategy", + "page": 263 + }, + { + "level": 2, + "title": "Strategy 3: Baseline Entry, Random Exit Strategy", + "page": 265 + }, + { + "level": 2, + "title": "Strategy 4: Random Entry, Random Exit Strategy", + "page": 266 + }, + { + "level": 1, + "title": "APPENDIX B Euro Night Strategy, TradeStation Easy Language Format", + "page": 269 + }, + { + "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", + "toc": [] + }, + { + "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": 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"layoutUrl": "data/layouts/evidence_based_technical_analysis_david_aronson.json", + "toc": [] + }, + { + "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": "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 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"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": 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"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": "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": 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"level": 1, + "title": "Visual Glossary of Candlestick Terms Used in This Book", + "page": 214 + }, + { + "level": 1, + "title": "Index", + "page": 223 + } + ] + }, + { + "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": 1, + "title": "Copyright", + "page": 4 + }, + { + "level": 1, + "title": "Contents", + "page": 5 + }, + { + "level": 1, + "title": "Foreword", + "page": 7 + }, + { + "level": 1, + "title": "About the Author", + "page": 10 + }, + { + "level": 1, + "title": "Introduction", + "page": 11 + }, + { + "level": 1, + "title": "CHAPTER ONE - The Essentials", + "page": 14 + }, + { + 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"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 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"title": "TREND TO OPPOSITE TREND (TREND REVERSAL)", + "page": 205 + }, + { + "level": 3, + "title": "TREND TO SAME TREND (FAILURE OF TREND REVERSAL)", + "page": 215 + }, + { + "level": 3, + "title": "SUMMARY", + "page": 216 + }, + { + "level": 1, + "title": "Part III: Trading Strategies", + "page": 219 + }, + { + "level": 2, + "title": "CHAPTER 6: Practical Trading Templates", + "page": 220 + }, + { + "level": 3, + "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", + "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": "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": "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": 1, + "title": "Series Page", + "page": 3 + }, + { + "level": 1, + "title": "Title Page", + "page": 4 + }, + { + "level": 1, + "title": "Copyright Page", + "page": 6 + }, + { + "level": 1, + "title": "Dedication", + "page": 8 + }, + { + "level": 1, + "title": "Epigraph", + "page": 9 + }, + { + "level": 1, + "title": "Table of Contents", + "page": 10 + }, + { + "level": 1, + "title": "Foreword", + "page": 12 + }, + { + "level": 1, + "title": "Acknowledgments", + "page": 14 + }, + { + "level": 1, + "title": "Introduction", + "page": 15 + }, + { + "level": 1, + "title": "Chapter 1: Where to Find Trades", + "page": 20 + }, + { + "level": 1, + "title": "Chapter 2: Drawing Lines", + "page": 23 + }, + { + "level": 1, + "title": "Chapter 3: The Story of the Lines", + "page": 41 + }, + { + "level": 1, + "title": "Chapter 4: The Logic of Reading Bar Charts", + "page": 66 + }, + { + "level": 1, + "title": "Chapter 5: Springs", + "page": 98 + }, + { + "level": 1, + "title": "Chapter 6: Upthrusts", + "page": 124 + }, + { + "level": 1, + "title": "Chapter 7: Absorption", + "page": 138 + }, + { + "level": 1, + "title": "Chapter 8: Chart Studies", + "page": 149 + }, + { + "level": 1, + "title": "Chapter 9: Tape ReadingPart I", + "page": 159 + }, + { + "level": 1, + "title": "Chapter 10: Tape Reading Part II", + "page": 202 + }, + { + "level": 1, + "title": "Chapter 11: Point-and-Figure and Renko", + "page": 221 + }, + { + "level": 1, + "title": "About the Author", + "page": 245 + }, + { + "level": 1, + "title": "Index", + "page": 246 + } + ] + }, + { + "id": "trades_about_to_happen_david_h_weis", + "title": "Trades About to Happen", + "author": "David H. 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Methods", + "author": "Kaufman, Perry J.", + "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": 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 + }, + { + "level": 3, + "title": "The Best of the Candles", + "page": 164 + }, + { + "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 + }, + { + "level": 3, + "title": "Pattern Failures", + "page": 166 + }, + { + "level": 3, + "title": "Testing Your Skill", + "page": 167 + }, + { + "level": 2, + "title": "EVOLUTION IN PRICE PATTERNS", + "page": 168 + }, + { + "level": 3, + "title": "Globalization: The Similarity of Asian Markets", + "page": 169 + }, + { + "level": 1, + "title": "CHAPTER 4 Charting Systems and Techniques", + "page": 171 + }, + { + "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 + }, + { + "level": 3, + "title": "The Square Root Theory", + "page": 175 + }, + { + "level": 2, + "title": "NOFRI’S CONGESTION-PHASE SYSTEM", + "page": 175 + }, + { + "level": 3, + "title": "Implementing the Congestion-Phase System", + "page": 176 + }, + { + "level": 2, + "title": "OUTSIDE DAYS WITH AN OUTSIDE CLOSE", + "page": 177 + }, + { + "level": 2, + "title": "INSIDE DAYS", + "page": 178 + }, + { + "level": 2, + "title": "PIVOT POINTS", + "page": 178 + }, + { + "level": 2, + "title": "ACTION AND REACTION", + "page": 179 + }, + { + "level": 3, + "title": "Fibonacci Ratios", + "page": 180 + }, + { + "level": 3, + "title": "Tubbs’ Law of Proportion", + "page": 180 + }, + { + "level": 3, + "title": "Trident", + "page": 182 + }, + { + "level": 3, + "title": "An Overview of Percentage Retracements", + "page": 183 + }, + { + "level": 3, + "title": "Clustering", + "page": 186 + }, + { + "level": 2, + "title": "CHANNEL BREAKOUT", + "page": 187 + }, + { + "level": 2, + "title": "MOVING CHANNELS", + "page": 190 + }, + { + "level": 2, + "title": "COMMODITY CHANNEL INDEX", + "page": 191 + }, + { + "level": 2, + "title": "WYCKOFF’S COMBINED TECHNIQUES", + "page": 192 + }, + { + "level": 2, + "title": "COMPLEX PATTERNS", + "page": 193 + }, + { + "level": 3, + "title": "DeMark’s Sequential™", + "page": 193 + }, + { + "level": 3, + "title": "Thinking about Complex Patterns", + "page": 195 + }, + { + "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 + }, + { + "level": 2, + "title": "BULKOWSKI’S CHART PATTERN RANKINGS", + "page": 198 + }, + { + "level": 1, + "title": "CHAPTER 5 Event-DrivenT rends", + "page": 201 + }, + { + "level": 2, + "title": "SWING TRADING", + "page": 202 + }, + { + "level": 3, + "title": "Constructing a Classic Swing Chart", + "page": 202 + }, + { + "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 + }, + { + "level": 3, + "title": "The Swing Philosophy", + "page": 209 + }, + { + "level": 3, + "title": "The Livermore System", + "page": 209 + }, + { + "level": 3, + "title": "Programming the Swing High and Low Points", + "page": 211 + }, + { + "level": 3, + "title": "Keltner’s Minor Trend Rule", + "page": 211 + }, + { + "level": 3, + "title": "Pivot Points", + "page": 212 + }, + { + "level": 3, + "title": "Wilder’s Swing Index", + "page": 212 + }, + { + "level": 2, + "title": "POINT-AND-FIGURE CHARTING", + "page": 215 + }, + { + "level": 3, + "title": "Plotting Prices Using the Point-and-Figure Method", + "page": 217 + }, + { + "level": 3, + "title": "Point-and-Figure Chart Formations", + "page": 219 + }, + { + "level": 3, + "title": "Point-and-Figure Trendlines", + "page": 221 + }, + { + "level": 3, + "title": "Point-and-Figure Trading Techniques", + "page": 227 + }, + { + "level": 3, + "title": "Selecting Trades", + "page": 233 + }, + { + "level": 3, + "title": "Price Objectives", + "page": 233 + }, + { + "level": 3, + "title": "Point-and-Figure with Variable Box Sizes", + "page": 238 + }, + { + "level": 3, + "title": "Recent Applications of Point-and-Figure", + "page": 241 + }, + { + "level": 2, + "title": "THE N-DAY BREAKOUT", + "page": 242 + }, + { + "level": 3, + "title": "Donchian’s 4-Week Rule", + "page": 243 + }, + { + "level": 3, + "title": "Modifying the N-Day Rule", + "page": 244 + }, + { + "level": 3, + "title": "Testing the N-Day Rule", + "page": 245 + }, + { + "level": 3, + "title": "The N-Day Breakout Applied to Stocks", + "page": 248 + }, + { + "level": 3, + "title": "The Turtles", + "page": 249 + }, + { + "level": 1, + "title": "CHAPTER 6 Regression Analysis", + "page": 255 + }, + { + "level": 2, + "title": "COMPONENTS OF A TIME SERIES", + "page": 255 + }, + { + "level": 2, + "title": "CHARACTERISTICS OF THE PRICE DATA", + "page": 256 + }, + { + "level": 3, + "title": "Selection of the Calculation Period", + "page": 257 + }, + { + "level": 2, + "title": "LINEAR REGRESSION", + "page": 258 + }, + { + "level": 3, + "title": "Explaining, Not Predicting", + "page": 258 + }, + { + "level": 3, + "title": "Calculating the Best Straight-Line Fit", + "page": 259 + }, + { + "level": 3, + "title": "Excel Regression", + "page": 262 + }, + { + "level": 3, + "title": "Corn Explained by Soybeans", + "page": 262 + }, + { + "level": 3, + "title": "Gold Bullion and Barrick Gold Corporation", + "page": 264 + }, + { + "level": 2, + "title": "LINEAR CORRELATION", + "page": 268 + }, + { + "level": 3, + "title": "Correlation Adjustments When Using a Time Series", + "page": 269 + }, + { + "level": 3, + "title": "Forecasting Using Regression", + "page": 270 + }, + { + "level": 2, + "title": "NONLINEAR APPROXIMATIONS FOR TWO VARIABLES", + "page": 272 + }, + { + "level": 3, + "title": "Second-Order Least-Squares Solution", + "page": 273 + }, + { + "level": 2, + "title": "TRANSFORMING NONLINEAR TO LINEAR", + "page": 276 + }, + { + "level": 2, + "title": "EVALUATION OF TWO-VARIABLE TECHNIQUES", + "page": 277 + }, + { + "level": 3, + "title": "Direct Relationships", + "page": 278 + }, + { + "level": 2, + "title": "MULTIVARIATE APPROXIMATIONS", + "page": 279 + }, + { + "level": 3, + "title": "Selecting Data for an S&P Model", + "page": 283 + }, + { + "level": 3, + "title": "Generalized Multivariate Solution", + "page": 285 + }, + { + "level": 3, + "title": "Least-Squares Sinusoidal", + "page": 286 + }, + { + "level": 2, + "title": "ARIMA", + "page": 287 + }, + { + "level": 3, + "title": "Forecast Results", + "page": 290 + }, + { + "level": 3, + "title": "ARIMA Trading Strategies", + "page": 291 + }, + { + "level": 3, + "title": "Kalman Filters", + "page": 292 + }, + { + "level": 2, + "title": "BASIC TRADING SIGNALS USING A LINEAR REGRESSION MODEL", + "page": 293 + }, + { + "level": 3, + "title": "Adding Confidence Bands", + "page": 293 + }, + { + "level": 3, + "title": "Using the Linear Regression Slope", + "page": 295 + }, + { + "level": 3, + "title": "Adding Correlations", + "page": 295 + }, + { + "level": 3, + "title": "Forecast Oscillator", + "page": 296 + }, + { + "level": 2, + "title": "MEASURING MARKET STRENGTH", + "page": 296 + }, + { + "level": 1, + "title": "CHAPTER 7 Time-Based Trend Calculations", + "page": 299 + }, + { + "level": 2, + "title": "FORECASTING AND FOLLOWING", + "page": 299 + }, + { + "level": 3, + "title": "Least-Squares Model", + "page": 301 + }, + { + "level": 3, + "title": "Error Analysis", + "page": 301 + }, + { + "level": 3, + "title": "Limiting the Forecast to Direction", + "page": 303 + }, + { + "level": 2, + "title": "PRICE CHANGE OVER TIME", + "page": 304 + }, + { + "level": 2, + "title": "THE MOVING AVERAGE", + "page": 304 + }, + { + "level": 3, + "title": "User-Friendly Software", + "page": 306 + }, + { + "level": 3, + "title": "What Do You Average?", + "page": 306 + }, + { + "level": 3, + "title": "Types of Moving Averages", + "page": 307 + }, + { + "level": 3, + "title": "Triangular Weighting", + "page": 309 + }, + { + "level": 3, + "title": "Pivot-Point Weighting", + "page": 310 + }, + { + "level": 3, + "title": "Standard Deviation Moving Average", + "page": 311 + }, + { + "level": 2, + "title": "GEOMETRIC MOVING AVERAGE", + "page": 312 + }, + { + "level": 2, + "title": "ACCUMULATIVE AVERAGE", + "page": 313 + }, + { + "level": 2, + "title": "RESET ACCUMULATIVE AVERAGE", + "page": 313 + }, + { + "level": 2, + "title": "DROP-OFF EFFECT", + "page": 313 + }, + { + "level": 2, + "title": "EXPONENTIAL SMOOTHING", + "page": 313 + }, + { + "level": 3, + "title": "The Common Form of Exponential Smoothing", + "page": 314 + }, + { + "level": 3, + "title": "The Smoothing Constant Expressed in Days", + "page": 315 + }, + { + "level": 3, + "title": "Estimating Residual Impact", + "page": 316 + }, + { + "level": 3, + "title": "Relating Exponential and Standard Averages", + "page": 318 + }, + { + "level": 3, + "title": "Correcting for the Lag", + "page": 321 + }, + { + "level": 3, + "title": "Double Smoothing", + "page": 321 + }, + { + "level": 3, + "title": "Double Smoothing of Price Changes", + "page": 323 + }, + { + "level": 3, + "title": "Comparison of Exponential Smoothing Methods", + "page": 324 + }, + { + "level": 3, + "title": "Regularization", + "page": 325 + }, + { + "level": 3, + "title": "Hull Moving Average", + "page": 326 + }, + { + "level": 2, + "title": "PLOTTING LAGS AND LEADS", + "page": 327 + }, + { + "level": 1, + "title": "CHAPTER 8 Trend Systems", + "page": 329 + }, + { + "level": 2, + "title": "WHY TREND SYSTEMS WORK", + "page": 329 + }, + { + "level": 3, + "title": "How Often Do Markets Trend?", + "page": 330 + }, + { + "level": 3, + "title": "The Fat Tail", + "page": 330 + }, + { + "level": 3, + "title": "Distribution of Profits and Losses", + "page": 331 + }, + { + "level": 3, + "title": "Time Intervals, Market Maturity, and Trends", + "page": 333 + }, + { + "level": 2, + "title": "BASIC BUY AND SELL SIGNALS", + "page": 334 + }, + { + "level": 3, + "title": "Using the Trendline for Signals", + "page": 335 + }, + { + "level": 3, + "title": "Comparing Basic Trading Signals", + "page": 335 + }, + { + "level": 3, + "title": "Anticipating the Trend Signal", + "page": 336 + }, + { + "level": 3, + "title": "Profile of a Simple Moving Average System", + "page": 337 + }, + { + "level": 2, + "title": "BANDS AND CHANNELS", + "page": 340 + }, + { + "level": 3, + "title": "Bands Formed by Highs and Lows", + "page": 340 + }, + { + "level": 3, + "title": "Keltner Channels", + "page": 341 + }, + { + "level": 3, + "title": "Percentage Bands", + "page": 341 + }, + { + "level": 3, + "title": "Volatility Bands", + "page": 342 + }, + { + "level": 3, + "title": "Bollinger Bands", + "page": 343 + }, + { + "level": 3, + "title": "Rules for Using Bands", + "page": 346 + }, + { + "level": 3, + "title": "Timing the Order", + "page": 348 + }, + { + "level": 3, + "title": "The Compromise between Reliability and Delay", + "page": 349 + }, + { + "level": 3, + "title": "Bollinger on Bollinger Bands", + "page": 349 + }, + { + "level": 3, + "title": "Combining Bollinger with Other Indicators", + "page": 350 + }, + { + "level": 2, + "title": "APPLICATIONS OF A SINGLE TREND", + "page": 350 + }, + { + "level": 3, + "title": "A Simple Momentum System", + "page": 351 + }, + { + "level": 3, + "title": "A Step-Weighted Moving Average", + "page": 351 + }, + { + "level": 3, + "title": "The Volatility System", + "page": 353 + }, + { + "level": 3, + "title": "The 10-Day Moving Average Rule", + "page": 353 + }, + { + "level": 3, + "title": "TRIX, Triple Exponential Smoothing", + "page": 354 + }, + { + "level": 3, + "title": "Raschke’s First Cross", + "page": 355 + }, + { + "level": 2, + "title": "COMPARISON OF MAJOR TREND SYSTEMS", + "page": 356 + }, + { + "level": 3, + "title": "Trading Rules", + "page": 357 + }, + { + "level": 3, + "title": "Spreadsheet Example", + "page": 358 + }, + { + "level": 3, + "title": "Comparative Results", + "page": 360 + }, + { + "level": 3, + "title": "Different Trend Philosophies", + "page": 362 + }, + { + "level": 3, + "title": "Different Risk Profiles", + "page": 362 + }, + { + "level": 3, + "title": "Expectations", + "page": 366 + }, + { + "level": 3, + "title": "Robust Testing", + "page": 368 + }, + { + "level": 3, + "title": "Which System Is Best?", + "page": 369 + }, + { + "level": 3, + "title": "Programs for the Six Systems", + "page": 369 + }, + { + "level": 2, + "title": "TECHNIQUES USING TWO TRENDLINES", + "page": 370 + }, + { + "level": 3, + "title": "Donchian’s 5- and 20-Day Moving Average System", + "page": 372 + }, + { + "level": 3, + "title": "Donchian’s 20- and 40-Day Breakout", + "page": 373 + }, + { + "level": 3, + "title": "The Golden Cross and the Death Cross", + "page": 374 + }, + { + "level": 3, + "title": "Staying Ahead of the Crowd", + "page": 375 + }, + { + "level": 2, + "title": "MULTIPLE TRENDS AND COMMON SENSE", + "page": 376 + }, + { + "level": 3, + "title": "Three Trends", + "page": 377 + }, + { + "level": 3, + "title": "Modified 3-Crossover Model", + "page": 378 + }, + { + "level": 3, + "title": "4-9-18 Crossover Model", + "page": 378 + }, + { + "level": 2, + "title": "COMPREHENSIVE STUDIES", + "page": 379 + }, + { + "level": 2, + "title": "SELECTING THE RIGHT TREND METHOD AND SPEED", + "page": 379 + }, + { + "level": 3, + "title": "Selecting the Trend Speed", + "page": 380 + }, + { + "level": 2, + "title": "MOVING AVERAGE SEQUENCES: SIGNAL PROGRESSION", + "page": 383 + }, + { + "level": 3, + "title": "Averaging the Sequences", + "page": 384 + }, + { + "level": 2, + "title": "EARLY EXITS FROM A TREND", + "page": 386 + }, + { + "level": 2, + "title": "MOVING AVERAGE PROJECTED CROSSOVERS", + "page": 386 + }, + { + "level": 1, + "title": "CHAPTER 9 Momentum and Oscillators", + "page": 389 + }, + { + "level": 2, + "title": "MOMENTUM", + "page": 390 + }, + { + "level": 3, + "title": "Characteristics of Momentum", + "page": 392 + }, + { + "level": 3, + "title": "Momentum as a Percentage", + "page": 393 + }, + { + "level": 3, + "title": "Momentum as the Difference between Price and Trend", + "page": 394 + }, + { + "level": 3, + "title": "Momentum as a Trend Indicator", + "page": 394 + }, + { + "level": 3, + "title": "Timing an Entry", + "page": 396 + }, + { + "level": 3, + "title": "Identifying and Fading Price Extremes", + "page": 397 + }, + { + "level": 3, + "title": "High-Momentum Trading", + "page": 401 + }, + { + "level": 3, + "title": "Moving Average Convergence/Divergence (MACD)", + "page": 402 + }, + { + "level": 2, + "title": "DIVERGENCE INDEX", + "page": 404 + }, + { + "level": 2, + "title": "OSCILLATORS", + "page": 405 + }, + { + "level": 3, + "title": "Relative Strength Index", + "page": 406 + }, + { + "level": 3, + "title": "Stochastics", + "page": 412 + }, + { + "level": 3, + "title": "Left and Right Crossovers", + "page": 415 + }, + { + "level": 3, + "title": "Creating a Stochastic from the RSI", + "page": 416 + }, + { + "level": 3, + "title": "Williams’s Oscillators", + "page": 417 + }, + { + "level": 3, + "title": "Relative Vigor Index", + "page": 423 + }, + { + "level": 2, + "title": "DOUBLE-SMOOTHED MOMENTUM", + "page": 424 + }, + { + "level": 3, + "title": "True Strength Index", + "page": 424 + }, + { + "level": 3, + "title": "Double-Smoothed Stochastics", + "page": 426 + }, + { + "level": 3, + "title": "TRIX", + "page": 426 + }, + { + "level": 3, + "title": "Changing the Divisor", + "page": 428 + }, + { + "level": 3, + "title": "An Oscillator to Distinguish between Trending and Sideways Markets", + "page": 428 + }, + { + "level": 3, + "title": "Adding Volume to Momentum", + "page": 428 + }, + { + "level": 3, + "title": "Scaling by a Percentage or Volatility", + "page": 429 + }, + { + "level": 3, + "title": "Volume-Weighted RSI", + "page": 429 + }, + { + "level": 3, + "title": "Herrick Payoff Index", + "page": 430 + }, + { + "level": 3, + "title": "Comments on the Use of Volume", + "page": 431 + }, + { + "level": 2, + "title": "VELOCITY AND ACCELERATION", + "page": 432 + }, + { + "level": 3, + "title": "Finding the Velocity and Acceleration of Different Techniques", + "page": 434 + }, + { + "level": 3, + "title": "Using Velocity and Acceleration to Identify a Sideways Market", + "page": 435 + }, + { + "level": 3, + "title": "Quick Calculation of Velocity and Acceleration", + "page": 435 + }, + { + "level": 2, + "title": "HYBRID MOMENTUM TECHNIQUES", + "page": 436 + }, + { + "level": 3, + "title": "Combining a Trend and an Oscillator", + "page": 436 + }, + { + "level": 3, + "title": "Cambridge Hook", + "page": 438 + }, + { + "level": 2, + "title": "MOMENTUM DIVERGENCE", + "page": 438 + }, + { + "level": 3, + "title": "An Amazon.com Example Using Momentum Peaks", + "page": 440 + }, + { + "level": 3, + "title": "Trading Rules for Divergence", + "page": 441 + }, + { + "level": 3, + "title": "Programming Divergence", + "page": 443 + }, + { + "level": 3, + "title": "Slope Divergence", + "page": 444 + }, + { + "level": 2, + "title": "SOME FINAL COMMENTS ON MOMENTUM", + "page": 446 + }, + { + "level": 1, + "title": "CHAPTER 10 Seasonality and Calendar Patterns", + "page": 447 + }, + { + "level": 2, + "title": "A CONSISTENT FACTOR", + "page": 448 + }, + { + "level": 2, + "title": "THE SEASONAL PATTERN", + "page": 449 + }, + { + "level": 2, + "title": "POPULAR METHODS FOR CALCULATING SEASONALITY", + "page": 450 + }, + { + "level": 3, + "title": "An Important Note about the Data", + "page": 450 + }, + { + "level": 3, + "title": "Seasonal Decomposition", + "page": 450 + }, + { + "level": 3, + "title": "Detrending", + "page": 451 + }, + { + "level": 3, + "title": "Basic Calculation Components", + "page": 451 + }, + { + "level": 3, + "title": "A Program to Create a Table of Monthly Price Changes", + "page": 453 + }, + { + "level": 3, + "title": "Removing the Trend with First Differences", + "page": 458 + }, + { + "level": 3, + "title": "Effects of a Few Volatile Years", + "page": 460 + }, + { + "level": 3, + "title": "Method of Yearly Averages", + "page": 461 + }, + { + "level": 3, + "title": "The Method of Link Relatives", + "page": 464 + }, + { + "level": 3, + "title": "The Moving Average Method", + "page": 467 + }, + { + "level": 3, + "title": "X-11 and X-12 ARIMA Methods", + "page": 467 + }, + { + "level": 3, + "title": "Winter’s Method", + "page": 471 + }, + { + "level": 3, + "title": "Changes in Seasonal Patterns", + "page": 472 + }, + { + "level": 3, + "title": "Seasonal Volatility", + "page": 473 + }, + { + "level": 3, + "title": "Weather Sensitivity", + "page": 474 + }, + { + "level": 3, + "title": "Measuring Weather Sensitivity", + "page": 475 + }, + { + "level": 2, + "title": "SEASONAL FILTERS", + "page": 476 + }, + { + "level": 3, + "title": "Years with Similar Characteristics", + "page": 479 + }, + { + "level": 3, + "title": "Seasonal and Nonseasonal Market Patterns", + "page": 480 + }, + { + "level": 3, + "title": "Seasonal Patterns in Stocks", + "page": 489 + }, + { + "level": 3, + "title": "Seasonality for Trading", + "page": 490 + }, + { + "level": 3, + "title": "Seasonal Studies and Key Dates", + "page": 491 + }, + { + "level": 2, + "title": "SEASONALITY AND THE STOCK MARKET", + "page": 498 + }, + { + "level": 3, + "title": "The Holiday Effect for Stocks", + "page": 499 + }, + { + "level": 3, + "title": "The Month-End Effect", + "page": 500 + }, + { + "level": 3, + "title": "The Hirsch Strategy", + "page": 500 + }, + { + "level": 3, + "title": "The January Effect", + "page": 501 + }, + { + "level": 3, + "title": "Risks of September and October", + "page": 503 + }, + { + "level": 2, + "title": "COMMON SENSE AND SEASONALITY", + "page": 503 + }, + { + "level": 3, + "title": "Being Too Specific about Targets", + "page": 504 + }, + { + "level": 1, + "title": "CHAPTER 11 Cycle Analysis", + "page": 505 + }, + { + "level": 2, + "title": "CYCLE BASICS", + "page": 505 + }, + { + "level": 3, + "title": "Observing the Cycle", + "page": 506 + }, + { + "level": 3, + "title": "Basic Cycle Identification", + "page": 507 + }, + { + "level": 3, + "title": "The Business Cycle", + "page": 510 + }, + { + "level": 3, + "title": "The Kondratieff Wave", + "page": 510 + }, + { + "level": 3, + "title": "Presidential Election Cycle", + "page": 512 + }, + { + "level": 2, + "title": "UNCOVERING THE CYCLE", + "page": 514 + }, + { + "level": 3, + "title": "Removing the Trend", + "page": 514 + }, + { + "level": 3, + "title": "Terminology", + "page": 516 + }, + { + "level": 3, + "title": "Trigonometric Price Analysis", + "page": 517 + }, + { + "level": 3, + "title": "2-Frequency Trigonometric Regression", + "page": 522 + }, + { + "level": 3, + "title": "Fourier Analysis: Complex Trigonometric Regression", + "page": 525 + }, + { + "level": 3, + "title": "Using Excel’s Fourier Analysis", + "page": 531 + }, + { + "level": 2, + "title": "MAXIMUM ENTROPY", + "page": 534 + }, + { + "level": 3, + "title": "Using the Phase Angle", + "page": 534 + }, + { + "level": 3, + "title": "Finding the Cycle Using the Hilbert Transform", + "page": 536 + }, + { + "level": 3, + "title": "The Fisher Transform", + "page": 538 + }, + { + "level": 2, + "title": "CYCLE CHANNEL INDEX", + "page": 540 + }, + { + "level": 2, + "title": "SHORT CYCLE INDICATOR", + "page": 541 + }, + { + "level": 2, + "title": "PHASING", + "page": 543 + }, + { + "level": 1, + "title": "CHAPTER 12 Volume, Open Interest, and Breadth", + "page": 547 + }, + { + "level": 2, + "title": "A SPECIAL CASE FOR FUTURES VOLUME", + "page": 547 + }, + { + "level": 3, + "title": "Tick Volume", + "page": 548 + }, + { + "level": 2, + "title": "VARIATIONS FROM THE NORMAL PATTERNS", + "page": 549 + }, + { + "level": 3, + "title": "The W Intraday Pattern", + "page": 549 + }, + { + "level": 3, + "title": "Variance in Volume", + "page": 549 + }, + { + "level": 3, + "title": "Volume Spikes", + "page": 550 + }, + { + "level": 3, + "title": "Drop in Volume", + "page": 550 + }, + { + "level": 2, + "title": "STANDARD INTERPRETATION", + "page": 551 + }, + { + "level": 3, + "title": "Volume and Open Interest", + "page": 552 + }, + { + "level": 3, + "title": "Exceptions", + "page": 553 + }, + { + "level": 3, + "title": "Richard Arms’ Equivolume", + "page": 554 + }, + { + "level": 3, + "title": "Herrick Payoff Index", + "page": 554 + }, + { + "level": 3, + "title": "Volume Is a Predictor of Volatility", + "page": 554 + }, + { + "level": 2, + "title": "VOLUME INDICATORS", + "page": 555 + }, + { + "level": 3, + "title": "Average Volume", + "page": 555 + }, + { + "level": 3, + "title": "Normalizing the Volume", + "page": 555 + }, + { + "level": 3, + "title": "Volume Momentum and Percentage Change", + "page": 555 + }, + { + "level": 3, + "title": "Force Index", + "page": 556 + }, + { + "level": 3, + "title": "Volume Oscillator", + "page": 556 + }, + { + "level": 3, + "title": "On-Balance Volume", + "page": 557 + }, + { + "level": 3, + "title": "Volume Accumulator", + "page": 560 + }, + { + "level": 3, + "title": "Accumulation Distribution", + "page": 561 + }, + { + "level": 3, + "title": "Intraday Intensity", + "page": 561 + }, + { + "level": 3, + "title": "Price and Volume Trend, the Positive Volume Index, and the Negative Volume Index", + "page": 561 + }, + { + "level": 3, + "title": "Aspray’s Demand Oscillator", + "page": 562 + }, + { + "level": 3, + "title": "Tick Volume Indicator", + "page": 563 + }, + { + "level": 3, + "title": "Volume-Weighted MACD", + "page": 563 + }, + { + "level": 3, + "title": "Variably Weighted Moving Average Using Volume", + "page": 564 + }, + { + "level": 3, + "title": "Substituting Open Interest for Volume Using Futures", + "page": 565 + }, + { + "level": 3, + "title": "VWAP", + "page": 566 + }, + { + "level": 2, + "title": "BREADTH INDICATORS", + "page": 566 + }, + { + "level": 3, + "title": "Separating Advancing from Declining Volume", + "page": 567 + }, + { + "level": 3, + "title": "Sibbett’s Demand Index", + "page": 568 + }, + { + "level": 3, + "title": "Bolton-Tremblay", + "page": 568 + }, + { + "level": 3, + "title": "Schultz", + "page": 568 + }, + { + "level": 3, + "title": "McClellan Oscillator", + "page": 569 + }, + { + "level": 3, + "title": "Upside/Downside Ratio", + "page": 570 + }, + { + "level": 3, + "title": "Arms Index (TRIN)", + "page": 570 + }, + { + "level": 3, + "title": "Thrust Oscillator", + "page": 570 + }, + { + "level": 3, + "title": "New Highs and Lows", + "page": 571 + }, + { + "level": 3, + "title": "Baskets of New Highs and Lows", + "page": 572 + }, + { + "level": 3, + "title": "Is One Volume or Breadth Indicator Better than Another?", + "page": 572 + }, + { + "level": 3, + "title": "Breadth as a Countertrend Indicator", + "page": 573 + }, + { + "level": 2, + "title": "INTERPRETING VOLUME AND BREADTH SYSTEMATICALLY", + "page": 574 + }, + { + "level": 3, + "title": "Identifying a Volume Spike", + "page": 574 + }, + { + "level": 3, + "title": "Moving Average Approaches", + "page": 576 + }, + { + "level": 3, + "title": "Advance-Decline System", + "page": 577 + }, + { + "level": 3, + "title": "Breadth as a Counter-Trend Indicator", + "page": 578 + }, + { + "level": 2, + "title": "AN INTEGRATED PROBABILITY MODEL", + "page": 578 + }, + { + "level": 2, + "title": "INTRADAY VOLUME PATTERNS", + "page": 579 + }, + { + "level": 3, + "title": "Time Stamps", + "page": 580 + }, + { + "level": 3, + "title": "Intraday Patterns", + "page": 580 + }, + { + "level": 3, + "title": "Relative Changes in Volume", + "page": 582 + }, + { + "level": 2, + "title": "FILTERING LOW VOLUME", + "page": 582 + }, + { + "level": 3, + "title": "Removing Low-Volume Periods", + "page": 583 + }, + { + "level": 3, + "title": "Removing Volume Associated with Small Price Moves", + "page": 583 + }, + { + "level": 2, + "title": "MARKET FACILITATION INDEX", + "page": 584 + }, + { + "level": 1, + "title": "CHAPTER 13 Spreads and Arbitrage", + "page": 585 + }, + { + "level": 2, + "title": "DYNAMICS OF FUTURES INTRAMARKET SPREADS", + "page": 586 + }, + { + "level": 2, + "title": "CARRYING CHARGES", + "page": 587 + }, + { + "level": 2, + "title": "SPREADS IN STOCKS", + "page": 589 + }, + { + "level": 3, + "title": "Globalization", + "page": 590 + }, + { + "level": 2, + "title": "SPREAD AND ARBITRAGE RELATIONSHIPS", + "page": 590 + }, + { + "level": 2, + "title": "RISK REDUCTION IN SPREADS", + "page": 591 + }, + { + "level": 2, + "title": "ARBITRAGE", + "page": 592 + }, + { + "level": 3, + "title": "Pricing of Futures Contracts", + "page": 592 + }, + { + "level": 3, + "title": "Interest Rate Parity", + "page": 594 + }, + { + "level": 3, + "title": "Program Trading", + "page": 596 + }, + { + "level": 3, + "title": "Merger Arbitrage", + "page": 599 + }, + { + "level": 3, + "title": "Single Stock Futures and the Underlying Stock", + "page": 600 + }, + { + "level": 3, + "title": "Intermarket Index Spreads", + "page": 601 + }, + { + "level": 3, + "title": "Pairs Trading", + "page": 603 + }, + { + "level": 3, + "title": "Stock and Futures Relationships", + "page": 606 + }, + { + "level": 3, + "title": "Product Spreads", + "page": 607 + }, + { + "level": 3, + "title": "Intercrop Spreads", + "page": 609 + }, + { + "level": 3, + "title": "Butterfly Spreads", + "page": 611 + }, + { + "level": 3, + "title": "The Yield Curve", + "page": 612 + }, + { + "level": 3, + "title": "Implied Interest Rates", + "page": 615 + }, + { + "level": 2, + "title": "THE CARRY TRADE", + "page": 616 + }, + { + "level": 3, + "title": "The Basic Carry Trade", + "page": 617 + }, + { + "level": 2, + "title": "CHANGING SPREAD RELATIONSHIPS", + "page": 620 + }, + { + "level": 3, + "title": "Gold/Silver and Platinum/Gold Ratios", + "page": 620 + }, + { + "level": 2, + "title": "INTERMARKET SPREADS", + "page": 622 + }, + { + "level": 3, + "title": "Increased Spread Risk", + "page": 624 + }, + { + "level": 3, + "title": "Creating New Markets to Trade", + "page": 624 + }, + { + "level": 3, + "title": "Trending or Mean Reverting?", + "page": 628 + }, + { + "level": 3, + "title": "Timing the Relative-Value Trade", + "page": 632 + }, + { + "level": 3, + "title": "Rating Services", + "page": 632 + }, + { + "level": 3, + "title": "Generalized Market Neutral Strategies", + "page": 633 + }, + { + "level": 3, + "title": "Other Spread Issues", + "page": 634 + }, + { + "level": 1, + "title": "CHAPTER 14 Behavioral Techniques", + "page": 637 + }, + { + "level": 2, + "title": "MEASURING THE NEWS", + "page": 638 + }, + { + "level": 3, + "title": "Ranking and Measuring", + "page": 640 + }, + { + "level": 3, + "title": "Trading on the News", + "page": 641 + }, + { + "level": 3, + "title": "Market Selectivity", + "page": 642 + }, + { + "level": 3, + "title": "Media Indicators", + "page": 642 + }, + { + "level": 2, + "title": "EVENT TRADING", + "page": 643 + }, + { + "level": 3, + "title": "Market Reactions to Reports", + "page": 644 + }, + { + "level": 3, + "title": "Measuring an Event", + "page": 646 + }, + { + "level": 3, + "title": "Trading the Event Lag", + "page": 646 + }, + { + "level": 3, + "title": "Results of Event Studies", + "page": 647 + }, + { + "level": 3, + "title": "Raschke Trades the News", + "page": 650 + }, + { + "level": 3, + "title": "Finding Recent Patterns", + "page": 650 + }, + { + "level": 3, + "title": "Conditional Analysis of Shocks", + "page": 654 + }, + { + "level": 2, + "title": "COMMITMENT OF TRADERS REPORT", + "page": 655 + }, + { + "level": 3, + "title": "Creating an Oscillator for the COT Numbers", + "page": 659 + }, + { + "level": 2, + "title": "OPINION AND CONTRARY OPINION", + "page": 661 + }, + { + "level": 3, + "title": "Contrary Opinion", + "page": 661 + }, + { + "level": 3, + "title": "Commitment of Traders Sentiment Index", + "page": 665 + }, + { + "level": 3, + "title": "A Lesson from Put-Call Ratios", + "page": 666 + }, + { + "level": 3, + "title": "Dogs of the Dow and the Small Dogs", + "page": 666 + }, + { + "level": 3, + "title": "Watching the Big Block Transactions", + "page": 667 + }, + { + "level": 2, + "title": "FIBONACCI AND HUMAN BEHAVIOR", + "page": 668 + }, + { + "level": 3, + "title": "Application of Fibonacci Ratios", + "page": 671 + }, + { + "level": 2, + "title": "ELLIOTT’S WAVE PRINCIPLE", + "page": 671 + }, + { + "level": 3, + "title": "Elliott’s Sideways Markets", + "page": 674 + }, + { + "level": 3, + "title": "Fitting the Market to the Patterns", + "page": 674 + }, + { + "level": 3, + "title": "Elliott’s Use of the Fibonacci Series", + "page": 674 + }, + { + "level": 3, + "title": "Trading Elliott", + "page": 676 + }, + { + "level": 3, + "title": "The Super Cycle", + "page": 676 + }, + { + "level": 3, + "title": "Automating Elliott’s Wave Analysis", + "page": 678 + }, + { + "level": 3, + "title": "A Comment on Elliott Wave Theory", + "page": 679 + }, + { + "level": 2, + "title": "PRICE TARGET CONSTRUCTIONS USING THE FIBONACCI RATIO", + "page": 680 + }, + { + "level": 3, + "title": "Alternate Arc Measurement", + "page": 682 + }, + { + "level": 2, + "title": "FISCHER’S GOLDEN SECTION COMPASS SYSTEM", + "page": 682 + }, + { + "level": 3, + "title": "Price Goals", + "page": 684 + }, + { + "level": 3, + "title": "Filtering Highs and Lows", + "page": 685 + }, + { + "level": 2, + "title": "W. D. GANN—TIME AND SPACE", + "page": 686 + }, + { + "level": 3, + "title": "Time and Price", + "page": 686 + }, + { + "level": 3, + "title": "Geometric Angles", + "page": 687 + }, + { + "level": 3, + "title": "The Hexagon Chart", + "page": 689 + }, + { + "level": 3, + "title": "Gann Software", + "page": 691 + }, + { + "level": 2, + "title": "FINANCIAL ASTROLOGY", + "page": 691 + }, + { + "level": 3, + "title": "The Jupiter-Saturn Cycle", + "page": 692 + }, + { + "level": 3, + "title": "Major Physical Events", + "page": 694 + }, + { + "level": 3, + "title": "The Moon: Buy Full, Sell New", + "page": 697 + }, + { + "level": 3, + "title": "Calculation of a New Moon, Full Moon, Solar and Lunar Eclipse", + "page": 697 + }, + { + "level": 3, + "title": "Example: Solar Eclipse of May 21, 1993", + "page": 702 + }, + { + "level": 1, + "title": "CHAPTER 15 Pattern Recognition", + "page": 705 + }, + { + "level": 2, + "title": "PROJECTING DAILY HIGHS AND LOWS", + "page": 707 + }, + { + "level": 3, + "title": "Pivot Points", + "page": 707 + }, + { + "level": 3, + "title": "DeMark’s Projected Ranges", + "page": 708 + }, + { + "level": 3, + "title": "Comparing the Two Ranges", + "page": 708 + }, + { + "level": 2, + "title": "TIME OF DAY", + "page": 709 + }, + { + "level": 3, + "title": "Trading Habits Form Lasting Patterns", + "page": 709 + }, + { + "level": 3, + "title": "Tubbs’ Intraday Patterns", + "page": 710 + }, + { + "level": 3, + "title": "Merrill’s Intraday Patterns", + "page": 711 + }, + { + "level": 3, + "title": "Updating Intraday Time Patterns, 2000–2011", + "page": 711 + }, + { + "level": 3, + "title": "Intraday Highs and Lows", + "page": 716 + }, + { + "level": 2, + "title": "OPENING GAPS", + "page": 719 + }, + { + "level": 3, + "title": "Gaps in Futures Markets", + "page": 720 + }, + { + "level": 3, + "title": "Do Individual Stocks Show Unique Gap Patterns?", + "page": 727 + }, + { + "level": 3, + "title": "A Simple Gap Trading Method for Stocks", + "page": 727 + }, + { + "level": 2, + "title": "WEEKDAY, WEEKEND, AND REVERSAL PATTERNS", + "page": 731 + }, + { + "level": 3, + "title": "Weekday Patterns", + "page": 731 + }, + { + "level": 3, + "title": "emini S&P", + "page": 733 + }, + { + "level": 3, + "title": "Bank of America and Intel", + "page": 733 + }, + { + "level": 3, + "title": "Weekend Patterns", + "page": 743 + }, + { + "level": 3, + "title": "Combining Weekend and Weekday Patterns", + "page": 745 + }, + { + "level": 3, + "title": "A Comment on Testing and Holidays", + "page": 745 + }, + { + "level": 3, + "title": "Day of the Month", + "page": 746 + }, + { + "level": 3, + "title": "Days-of-the-Month Summary", + "page": 749 + }, + { + "level": 3, + "title": "Reversal Patterns", + "page": 749 + }, + { + "level": 2, + "title": "COMPUTER-BASED PATTERN RECOGNITION", + "page": 752 + }, + { + "level": 3, + "title": "Repeated Patterns", + "page": 754 + }, + { + "level": 2, + "title": "ARTIFICIAL INTELLIGENCE METHODS", + "page": 755 + }, + { + "level": 1, + "title": "CHAPTER 16 Day Trading", + "page": 757 + }, + { + "level": 2, + "title": "IMPACT OF TRANSACTION COSTS", + "page": 758 + }, + { + "level": 3, + "title": "Costs and Volatility", + "page": 758 + }, + { + "level": 3, + "title": "Costs and Trading Strategy", + "page": 760 + }, + { + "level": 3, + "title": "Liquidity", + "page": 761 + }, + { + "level": 3, + "title": "Estimating Slippage Costs", + "page": 763 + }, + { + "level": 3, + "title": "Volatility-Adjusted Slippage", + "page": 764 + }, + { + "level": 2, + "title": "KEY ELEMENTS OF DAY TRADING", + "page": 764 + }, + { + "level": 3, + "title": "Migration of Trading Techniques", + "page": 765 + }, + { + "level": 3, + "title": "Point-and-Figure for Short-Term Trading", + "page": 765 + }, + { + "level": 3, + "title": "Moving Averages", + "page": 766 + }, + { + "level": 3, + "title": "Choosing the Intraday Bar Size", + "page": 767 + }, + { + "level": 3, + "title": "Time-of-Day Patterns", + "page": 768 + }, + { + "level": 3, + "title": "Trading in the Wrong Time Zone", + "page": 769 + }, + { + "level": 2, + "title": "TRADING USING PRICE PATTERNS", + "page": 773 + }, + { + "level": 3, + "title": "Variations on Support and Resistance", + "page": 773 + }, + { + "level": 3, + "title": "The Taylor Trading Technique", + "page": 775 + }, + { + "level": 2, + "title": "INTRADAY BREAKOUT SYSTEMS", + "page": 779 + }, + { + "level": 3, + "title": "Opening Range Breakout", + "page": 779 + }, + { + "level": 3, + "title": "Fading the Opening Range", + "page": 792 + }, + { + "level": 2, + "title": "INTRADAY VOLUME PATTERNS", + "page": 794 + }, + { + "level": 2, + "title": "INTRADAY PRICE SHOCKS", + "page": 795 + }, + { + "level": 1, + "title": "CHAPTER 17 Adaptive Techniques", + "page": 799 + }, + { + "level": 2, + "title": "ADAPTIVE TREND CALCULATIONS", + "page": 799 + }, + { + "level": 3, + "title": "Kaufman’s Adaptive Moving Average", + "page": 799 + }, + { + "level": 3, + "title": "Chande’s Variable Index Dynamic Average (VIDYA)", + "page": 804 + }, + { + "level": 3, + "title": "MESA Adaptive Moving Average", + "page": 806 + }, + { + "level": 3, + "title": "Comparison of Adaptive Methods", + "page": 806 + }, + { + "level": 2, + "title": "ADAPTIVE VARIATIONS", + "page": 808 + }, + { + "level": 3, + "title": "Making Momentum Calculations Adaptive", + "page": 808 + }, + { + "level": 3, + "title": "McGinley Dynamics", + "page": 810 + }, + { + "level": 3, + "title": "The Parabolic Time/Price System", + "page": 810 + }, + { + "level": 3, + "title": "The Master Trading Formula", + "page": 812 + }, + { + "level": 2, + "title": "OTHER ADAPTIVE MOMENTUM CALCULATIONS", + "page": 813 + }, + { + "level": 3, + "title": "Trend-Adjusted Oscillator", + "page": 813 + }, + { + "level": 3, + "title": "Dynamic Momentum Index", + "page": 815 + }, + { + "level": 2, + "title": "ADAPTIVE INTRADAY BREAKOUT SYSTEM", + "page": 816 + }, + { + "level": 2, + "title": "AN ADAPTIVE PROCESS", + "page": 817 + }, + { + "level": 3, + "title": "A Development Example", + "page": 817 + }, + { + "level": 2, + "title": "CONSIDERING ADAPTIVE METHODS", + "page": 818 + }, + { + "level": 1, + "title": "CHAPTER 18 Price Distribution Systems", + "page": 821 + }, + { + "level": 2, + "title": "MEASURING DISTRIBUTION", + "page": 821 + }, + { + "level": 3, + "title": "Standard Deviation Bands", + "page": 822 + }, + { + "level": 3, + "title": "Avoiding the Lag Problem", + "page": 823 + }, + { + "level": 2, + "title": "USE OF PRICE DISTRIBUTIONS AND PATTERNSTO ANTICIPATE MOVES", + "page": 825 + }, + { + "level": 3, + "title": "Analysis of Zones", + "page": 825 + }, + { + "level": 3, + "title": "Zones for Forecasting Range and Controlling Risk", + "page": 827 + }, + { + "level": 3, + "title": "Zones Based on Daily Price Levels", + "page": 828 + }, + { + "level": 2, + "title": "DISTRIBUTION OF PRICES", + "page": 831 + }, + { + "level": 3, + "title": "Long-Term Price Distributions", + "page": 831 + }, + { + "level": 3, + "title": "Short-Term Distributions", + "page": 836 + }, + { + "level": 3, + "title": "Identifying Potential Price Moves", + "page": 838 + }, + { + "level": 3, + "title": "Using Skewness to Identify a Trend", + "page": 838 + }, + { + "level": 3, + "title": "Trading Using Kurtosis and Skew", + "page": 839 + }, + { + "level": 2, + "title": "STEIDLMAYER’S MARKET PROFILE", + "page": 842 + }, + { + "level": 3, + "title": "Construction of Market Profile", + "page": 844 + }, + { + "level": 3, + "title": "Time/Price Opportunities", + "page": 845 + }, + { + "level": 3, + "title": "Typical Patterns", + "page": 846 + }, + { + "level": 3, + "title": "What Are the Buyers and Sellers Doing?", + "page": 847 + }, + { + "level": 3, + "title": "Quantifying the Value Area", + "page": 848 + }, + { + "level": 3, + "title": "Trending Markets", + "page": 848 + }, + { + "level": 3, + "title": "Some Points to Remember about Market Profile", + "page": 850 + }, + { + "level": 3, + "title": "Other Trading Platforms", + "page": 850 + }, + { + "level": 2, + "title": "USING DAILY DISTRIBUTIONS TO IDENTIFY SUPPORT AND RESISTANCE", + "page": 850 + }, + { + "level": 1, + "title": "CHAPTER 19 Multiple Time Frames", + "page": 853 + }, + { + "level": 2, + "title": "TUNING TWO TIME FRAMES TO WORK TOGETHER", + "page": 853 + }, + { + "level": 2, + "title": "ELDER’S TRIPLE-SCREEN TRADING SYSTEM", + "page": 855 + }, + { + "level": 3, + "title": "Screen 1: The Major Move (Lowest Frequency Data)", + "page": 856 + }, + { + "level": 3, + "title": "Screen 2: The Intermediate Move (Middle Frequency Data)", + "page": 856 + }, + { + "level": 3, + "title": "Screen 3: Timing (High Frequency Data)", + "page": 857 + }, + { + "level": 3, + "title": "Stop-Loss", + "page": 858 + }, + { + "level": 2, + "title": "ROBERT KRAUSZ’S MULTIPLE TIME FRAMES", + "page": 858 + }, + { + "level": 3, + "title": "Laws of Multiple Time Frames", + "page": 859 + }, + { + "level": 3, + "title": "More on Selecting the Three Time Frames", + "page": 861 + }, + { + "level": 2, + "title": "MARTIN PRING’S KST SYSTEM", + "page": 862 + }, + { + "level": 3, + "title": "Creating a Composite Indicator", + "page": 863 + }, + { + "level": 1, + "title": "CHAPTER 20 Advanced Techniques", + "page": 865 + }, + { + "level": 2, + "title": "MEASURING VOLATILITY", + "page": 865 + }, + { + "level": 3, + "title": "The Price-Volatility Relationship", + "page": 866 + }, + { + "level": 3, + "title": "Adjusting for a Base Price", + "page": 867 + }, + { + "level": 3, + "title": "Exceptions", + "page": 867 + }, + { + "level": 3, + "title": "Determining the Base Price", + "page": 867 + }, + { + "level": 3, + "title": "The Time Interval", + "page": 869 + }, + { + "level": 3, + "title": "Volatility Measures", + "page": 870 + }, + { + "level": 3, + "title": "Ratio Measurements", + "page": 873 + }, + { + "level": 3, + "title": "Relative Volatility", + "page": 874 + }, + { + "level": 3, + "title": "Implied Volatility, VIX", + "page": 875 + }, + { + "level": 2, + "title": "USING VOLATILITY FOR TRADING", + "page": 876 + }, + { + "level": 3, + "title": "Intraday Volatility and Volume", + "page": 876 + }, + { + "level": 3, + "title": "Predicting Volatility with Trading Ranges", + "page": 877 + }, + { + "level": 3, + "title": "Thomas Bierovic—On-Balance True Range", + "page": 878 + }, + { + "level": 3, + "title": "VIX Trading Systems", + "page": 878 + }, + { + "level": 3, + "title": "Volatility System", + "page": 880 + }, + { + "level": 3, + "title": "Profit Targets and Stop-Loss Orders", + "page": 881 + }, + { + "level": 2, + "title": "TRADE SELECTION USING VOLATILITY", + "page": 881 + }, + { + "level": 3, + "title": "Eliminate or Delay?", + "page": 882 + }, + { + "level": 3, + "title": "Trade Selection Summary", + "page": 886 + }, + { + "level": 2, + "title": "LIQUIDITY", + "page": 887 + }, + { + "level": 2, + "title": "TRENDS AND PRICE NOISE", + "page": 888 + }, + { + "level": 2, + "title": "TRENDS AND INTEREST RATE CARRY", + "page": 891 + }, + { + "level": 2, + "title": "EXPERT SYSTEMS", + "page": 891 + }, + { + "level": 3, + "title": "Forward Chaining", + "page": 893 + }, + { + "level": 3, + "title": "A Technical Expert System", + "page": 893 + }, + { + "level": 2, + "title": "FUZZY LOGIC", + "page": 895 + }, + { + "level": 3, + "title": "Fuzzy Reasoning", + "page": 896 + }, + { + "level": 3, + "title": "Common Approach to Fuzzy Solutions", + "page": 896 + }, + { + "level": 3, + "title": "A Candlestick Example", + "page": 898 + }, + { + "level": 2, + "title": "FRACTALS, CHAOS, AND ENTROPY", + "page": 900 + }, + { + "level": 3, + "title": "Fractal Dimension", + "page": 900 + }, + { + "level": 3, + "title": "Using Fractal Efficiency", + "page": 901 + }, + { + "level": 3, + "title": "Chaotic Patterns and Market Behavior", + "page": 902 + }, + { + "level": 3, + "title": "Entropy—Predicting by Similar Situations", + "page": 903 + }, + { + "level": 2, + "title": "NEURAL NETWORKS", + "page": 906 + }, + { + "level": 3, + "title": "Terminology of Neural Networks", + "page": 906 + }, + { + "level": 3, + "title": "Artificial Neural Networks", + "page": 907 + }, + { + "level": 3, + "title": "Selecting and Preprocessing the Inputs", + "page": 910 + }, + { + "level": 3, + "title": "Selecting the Success Criteria", + "page": 910 + }, + { + "level": 3, + "title": "The Training Process", + "page": 911 + }, + { + "level": 3, + "title": "A Training Example", + "page": 911 + }, + { + "level": 3, + "title": "Success Criteria", + "page": 913 + }, + { + "level": 3, + "title": "Reducing the Number of Decision Levels and Neurons", + "page": 914 + }, + { + "level": 3, + "title": "Modeling Human Behavior", + "page": 914 + }, + { + "level": 3, + "title": "A Final Comment about Neural Networks", + "page": 915 + }, + { + "level": 2, + "title": "GENETIC ALGORITHMS", + "page": 915 + }, + { + "level": 3, + "title": "Representation of a Genetic Algorithm", + "page": 916 + }, + { + "level": 3, + "title": "Initial Chromosome Pool", + "page": 917 + }, + { + "level": 3, + "title": "Fitness", + "page": 918 + }, + { + "level": 3, + "title": "Propagation", + "page": 919 + }, + { + "level": 3, + "title": "Mating", + "page": 920 + }, + { + "level": 3, + "title": "Mutation", + "page": 920 + }, + { + "level": 3, + "title": "Converging on a Solution", + "page": 921 + }, + { + "level": 3, + "title": "Putting It into Practice: Simulated Performance", + "page": 921 + }, + { + "level": 3, + "title": "Multiple Seeding", + "page": 922 + }, + { + "level": 2, + "title": "REPLICATION OF HEDGE FUNDS", + "page": 922 + }, + { + "level": 1, + "title": "CHAPTER 21 System Testing", + "page": 925 + }, + { + "level": 2, + "title": "EXPECTATIONS", + "page": 927 + }, + { + "level": 3, + "title": "Setting Your Objective and Measuring Success", + "page": 927 + }, + { + "level": 2, + "title": "IDENTIFYING THE PARAMETERS", + "page": 928 + }, + { + "level": 3, + "title": "Range of Parameter Settings", + "page": 928 + }, + { + "level": 3, + "title": "Distribution of Values to Be Tested", + "page": 929 + }, + { + "level": 3, + "title": "Types of Test Variables", + "page": 930 + }, + { + "level": 2, + "title": "SELECTING THE TEST DATA", + "page": 930 + }, + { + "level": 3, + "title": "Cash Data", + "page": 933 + }, + { + "level": 3, + "title": "Problems with Adjusted Data Series", + "page": 934 + }, + { + "level": 3, + "title": "Which Data Series Is Best?", + "page": 934 + }, + { + "level": 3, + "title": "Synthetic Data", + "page": 935 + }, + { + "level": 2, + "title": "TESTING INTEGRITY", + "page": 936 + }, + { + "level": 3, + "title": "In-Sample and Out-of-Sample Data", + "page": 936 + }, + { + "level": 3, + "title": "Out-of-Sample Testing", + "page": 937 + }, + { + "level": 3, + "title": "Step-Forward Testing", + "page": 938 + }, + { + "level": 2, + "title": "SEARCHING FOR THE BEST RESULT", + "page": 939 + }, + { + "level": 3, + "title": "Mathematical Optimization", + "page": 940 + }, + { + "level": 3, + "title": "More on Test Continuity", + "page": 941 + }, + { + "level": 2, + "title": "VISUALIZING AND INTERPRETING TEST RESULTS", + "page": 942 + }, + { + "level": 3, + "title": "Seeing Continuity in Test Results", + "page": 944 + }, + { + "level": 3, + "title": "Two-Parameter Tests", + "page": 945 + }, + { + "level": 3, + "title": "Alternate Ways of Visualizing Results", + "page": 948 + }, + { + "level": 3, + "title": "Standardizing Test Results", + "page": 950 + }, + { + "level": 2, + "title": "LARGE-SCALE TESTING", + "page": 952 + }, + { + "level": 3, + "title": "Genetic Algorithms", + "page": 952 + }, + { + "level": 3, + "title": "Monte Carlo Sampling", + "page": 955 + }, + { + "level": 2, + "title": "REFINING THE STRATEGY RULES", + "page": 957 + }, + { + "level": 2, + "title": "ARRIVING AT VALID TEST RESULTS", + "page": 958 + }, + { + "level": 3, + "title": "Common Sense versus Statistics", + "page": 958 + }, + { + "level": 3, + "title": "Searching for Robustness", + "page": 959 + }, + { + "level": 3, + "title": "Performance Criteria", + "page": 960 + }, + { + "level": 3, + "title": "Sensitivity Testing", + "page": 963 + }, + { + "level": 3, + "title": "Reading between the Lines", + "page": 964 + }, + { + "level": 3, + "title": "The Signifi cance of “Signifi cant”", + "page": 965 + }, + { + "level": 3, + "title": "Systems That Work in Only One Market", + "page": 965 + }, + { + "level": 2, + "title": "COMPARING THE RESULTS OF TWO SYSTEMS", + "page": 966 + }, + { + "level": 3, + "title": "Which System Is Better?", + "page": 966 + }, + { + "level": 2, + "title": "PROFITING FROM THE WORST RESULTS", + "page": 970 + }, + { + "level": 2, + "title": "RETESTING FOR CHANGING PARAMETERS", + "page": 971 + }, + { + "level": 2, + "title": "TESTING ACROSS A WIDE RANGE OF MARKETS", + "page": 974 + }, + { + "level": 3, + "title": "Classic Tests by Davis and Thiel, Maxwell, and Hochheimer", + "page": 974 + }, + { + "level": 3, + "title": "Davis and Thiel", + "page": 974 + }, + { + "level": 3, + "title": "Maxwell", + "page": 975 + }, + { + "level": 3, + "title": "Comparing Methods of Calculation across Selected Markets", + "page": 976 + }, + { + "level": 3, + "title": "Comparing the Five Strategies", + "page": 983 + }, + { + "level": 3, + "title": "Crossover Strategy", + "page": 984 + }, + { + "level": 3, + "title": "More on Comparing Strategies and Markets", + "page": 987 + }, + { + "level": 2, + "title": "PRICE SHOCKS", + "page": 990 + }, + { + "level": 3, + "title": "Misinterpreting the Past", + "page": 990 + }, + { + "level": 2, + "title": "ANATOMY OF AN OPTIMIZATION", + "page": 992 + }, + { + "level": 2, + "title": "SUMMARIZING ROBUSTNESS", + "page": 996 + }, + { + "level": 3, + "title": "A Final Comment on Testing", + "page": 1001 + }, + { + "level": 1, + "title": "CHAPTER 22 Practical Considerations", + "page": 1003 + }, + { + "level": 2, + "title": "USE AND ABUSE OF THE COMPUTER", + "page": 1004 + }, + { + "level": 3, + "title": "Acquiring Data", + "page": 1005 + }, + { + "level": 3, + "title": "Combining Standard Techniques into a System", + "page": 1006 + }, + { + "level": 3, + "title": "Programming a New Idea", + "page": 1007 + }, + { + "level": 3, + "title": "Too Much Power", + "page": 1007 + }, + { + "level": 3, + "title": "Looking into the Past", + "page": 1008 + }, + { + "level": 3, + "title": "Paper Trading", + "page": 1008 + }, + { + "level": 3, + "title": "It Should Work, but It Doesn’t", + "page": 1008 + }, + { + "level": 3, + "title": "Vertical or Integrated Solutions", + "page": 1009 + }, + { + "level": 3, + "title": "Taking Control", + "page": 1012 + }, + { + "level": 2, + "title": "EXTREME EVENTS", + "page": 1012 + }, + { + "level": 3, + "title": "Money Moves the Markets", + "page": 1012 + }, + { + "level": 3, + "title": "Fooling Yourself with Hindsight", + "page": 1013 + }, + { + "level": 3, + "title": "Identifying Price Shocks", + "page": 1017 + }, + { + "level": 3, + "title": "Crisis Management", + "page": 1017 + }, + { + "level": 2, + "title": "GAMBLING TECHNIQUES—THE THEORY OF RUNS", + "page": 1020 + }, + { + "level": 3, + "title": "Martingales and Anti-Martingales", + "page": 1021 + }, + { + "level": 3, + "title": "Anti-Martingales", + "page": 1023 + }, + { + "level": 3, + "title": "The Theory of Runs Applied to Trading", + "page": 1024 + }, + { + "level": 3, + "title": "Fractional Martingales", + "page": 1030 + }, + { + "level": 2, + "title": "SELECTIVE TRADING", + "page": 1031 + }, + { + "level": 3, + "title": "Filtering Out the Losing Trades", + "page": 1031 + }, + { + "level": 2, + "title": "SYSTEM TRADE-OFFS", + "page": 1032 + }, + { + "level": 3, + "title": "Trend-Following Systems", + "page": 1032 + }, + { + "level": 3, + "title": "Mean-Reverting Systems", + "page": 1033 + }, + { + "level": 3, + "title": "Trade-Offs", + "page": 1034 + }, + { + "level": 3, + "title": "The Commodex Method of Combining Elements", + "page": 1035 + }, + { + "level": 3, + "title": "Combining Trends and Trading Ranges", + "page": 1036 + }, + { + "level": 2, + "title": "TRADING LIMITS AND DISCONNECTED MARKETS", + "page": 1038 + }, + { + "level": 3, + "title": "Effects of Limits on Trading Systems", + "page": 1038 + }, + { + "level": 3, + "title": "Similar to Price Shocks", + "page": 1040 + }, + { + "level": 2, + "title": "SILVER AND NASDAQ—TOO GOOD TO BE TRUE", + "page": 1040 + }, + { + "level": 2, + "title": "SIMILARITY OF SYSTEMATIC TRADING SIGNALS", + "page": 1041 + }, + { + "level": 3, + "title": "Comparison of Moving Average Systems", + "page": 1043 + }, + { + "level": 3, + "title": "Similarity of Long-Term Performance", + "page": 1045 + }, + { + "level": 3, + "title": "High Correlation at the Best and Worst Times", + "page": 1046 + }, + { + "level": 1, + "title": "CHAPTER 23 Risk Control", + "page": 1047 + }, + { + "level": 2, + "title": "MISTAKING LUCK FOR SKILL", + "page": 1047 + }, + { + "level": 2, + "title": "RISK AVERSION", + "page": 1048 + }, + { + "level": 3, + "title": "Risk Preference", + "page": 1050 + }, + { + "level": 3, + "title": "The Efficient Frontier", + "page": 1050 + }, + { + "level": 3, + "title": "Common Sense Management of Risk", + "page": 1052 + }, + { + "level": 2, + "title": "LIQUIDITY", + "page": 1053 + }, + { + "level": 2, + "title": "MEASURING RETURN AND RISK", + "page": 1054 + }, + { + "level": 3, + "title": "Risk Characteristics of a Trading Model", + "page": 1054 + }, + { + "level": 3, + "title": "The Sharpe Ratio and Information Ratio", + "page": 1055 + }, + { + "level": 3, + "title": "Average Maximum Retracement", + "page": 1056 + }, + { + "level": 3, + "title": "Largest Loss and the Calmar Ratio", + "page": 1057 + }, + { + "level": 3, + "title": "Sortino Ratio", + "page": 1058 + }, + { + "level": 3, + "title": "Ulcer Index", + "page": 1058 + }, + { + "level": 3, + "title": "Potential Risk", + "page": 1059 + }, + { + "level": 3, + "title": "Risk Characteristics of Systems", + "page": 1065 + }, + { + "level": 3, + "title": "It’s Not the Markets, It’s the Money", + "page": 1066 + }, + { + "level": 2, + "title": "LEVERAGE", + "page": 1066 + }, + { + "level": 3, + "title": "Reserves and Targeted Risk Levels", + "page": 1068 + }, + { + "level": 2, + "title": "LEVERAGE BASED ON EXPOSURE", + "page": 1069 + }, + { + "level": 2, + "title": "INDIVIDUAL TRADE RISK", + "page": 1070 + }, + { + "level": 3, + "title": "Position Sizing", + "page": 1070 + }, + { + "level": 3, + "title": "Initial Position Risk", + "page": 1074 + }, + { + "level": 3, + "title": "Stop-Losses", + "page": 1074 + }, + { + "level": 2, + "title": "KAUFMAN ON STOPS AND PROFIT-TAKING", + "page": 1079 + }, + { + "level": 3, + "title": "Managing Risk without Stops", + "page": 1081 + }, + { + "level": 2, + "title": "RANKING OF MARKETS FOR SELECTION", + "page": 1082 + }, + { + "level": 3, + "title": "Commodity Selection Index", + "page": 1083 + }, + { + "level": 3, + "title": "Directional Movement", + "page": 1083 + }, + { + "level": 3, + "title": "Retesting Directional Movement", + "page": 1087 + }, + { + "level": 3, + "title": "Ranking Trends Using Prices", + "page": 1089 + }, + { + "level": 3, + "title": "Kaufman’s Strategy Selection Indicator", + "page": 1090 + }, + { + "level": 2, + "title": "PROBABILITY OF SUCCESS AND RUIN", + "page": 1092 + }, + { + "level": 3, + "title": "Wins Not Equal to Losses", + "page": 1093 + }, + { + "level": 2, + "title": "ENTERING A POSITION", + "page": 1096 + }, + { + "level": 3, + "title": "Averaging into a Position", + "page": 1096 + }, + { + "level": 3, + "title": "Waiting for a Better Price", + "page": 1098 + }, + { + "level": 3, + "title": "Using Timing for a Better Price", + "page": 1100 + }, + { + "level": 2, + "title": "COMPOUNDING A POSITION", + "page": 1100 + }, + { + "level": 3, + "title": "Adding on Profits", + "page": 1102 + }, + { + "level": 3, + "title": "Averaging Down", + "page": 1104 + }, + { + "level": 2, + "title": "EQUITY TRENDS", + "page": 1105 + }, + { + "level": 3, + "title": "Trading on Equity Trends", + "page": 1106 + }, + { + "level": 2, + "title": "INVESTING AND REINVESTING: OPTIMAL f", + "page": 1108 + }, + { + "level": 3, + "title": "Risk Assessment", + "page": 1108 + }, + { + "level": 3, + "title": "Finding Optimal f", + "page": 1109 + }, + { + "level": 3, + "title": "Observations of Optimal f", + "page": 1111 + }, + { + "level": 2, + "title": "COMPARING EXPECTED AND ACTUAL RESULTS", + "page": 1112 + }, + { + "level": 3, + "title": "Binomial Probability", + "page": 1112 + }, + { + "level": 3, + "title": "χ2—Chi-Square Test", + "page": 1114 + }, + { + "level": 1, + "title": "CHAPTER 24 Diversification and Portfolio Allocation", + "page": 1119 + }, + { + "level": 2, + "title": "DIVERSIFICATION", + "page": 1120 + }, + { + "level": 3, + "title": "Selecting Individual Assets from Unrelated Groups", + "page": 1121 + }, + { + "level": 2, + "title": "CHANGING CORRELATIONS", + "page": 1125 + }, + { + "level": 2, + "title": "TYPES OF PORTFOLIO MODELS", + "page": 1125 + }, + { + "level": 3, + "title": "Equal-Dollar Weighting", + "page": 1127 + }, + { + "level": 3, + "title": "Equal-Risk Weighting", + "page": 1127 + }, + { + "level": 3, + "title": "Alpha-Driven Weighting", + "page": 1127 + }, + { + "level": 3, + "title": "Decision-Tree Models", + "page": 1127 + }, + { + "level": 2, + "title": "CLASSIC PORTFOLIO ALLOCATION CALCULATIONS", + "page": 1127 + }, + { + "level": 3, + "title": "Spreadsheet Approach", + "page": 1129 + }, + { + "level": 2, + "title": "FINDING OPTIMAL PORTFOLIO ALLOCATION USING EXCEL’S SOLVER", + "page": 1129 + }, + { + "level": 3, + "title": "Solver Settings", + "page": 1131 + }, + { + "level": 2, + "title": "KAUFMAN’S GENETIC ALGORITHM SOLUTION TO PORTFOLIO ALLOCATION (GASP)", + "page": 1134 + }, + { + "level": 3, + "title": "Modern Portfolio Theory", + "page": 1135 + }, + { + "level": 3, + "title": "A Special Case for Active Trading", + "page": 1135 + }, + { + "level": 3, + "title": "The Objective Function and Target Risk Level", + "page": 1137 + }, + { + "level": 3, + "title": "The Optimal Portfolio", + "page": 1139 + }, + { + "level": 3, + "title": "Portfolio Constraints", + "page": 1140 + }, + { + "level": 3, + "title": "Constraining Diversification", + "page": 1140 + }, + { + "level": 3, + "title": "The Genetic Algorithm Solution", + "page": 1141 + }, + { + "level": 3, + "title": "Initializing the Pool", + "page": 1142 + }, + { + "level": 3, + "title": "Evaluating Each String in the Pool", + "page": 1145 + }, + { + "level": 3, + "title": "Test for Completion", + "page": 1146 + }, + { + "level": 3, + "title": "Propagation", + "page": 1147 + }, + { + "level": 3, + "title": "Propagation of the Best Results", + "page": 1148 + }, + { + "level": 3, + "title": "Mating Parents to Create Offspring", + "page": 1149 + }, + { + "level": 3, + "title": "Mutating: Introducing New Genes into the Pool", + "page": 1151 + }, + { + "level": 3, + "title": "Continue with the Evaluation Step", + "page": 1151 + }, + { + "level": 3, + "title": "Optimal Subsets", + "page": 1151 + }, + { + "level": 3, + "title": "Is It the Best Portfolio?", + "page": 1153 + }, + { + "level": 3, + "title": "An Example of a GASP Solution", + "page": 1154 + }, + { + "level": 3, + "title": "Test Interval for Portfolio Allocation", + "page": 1161 + }, + { + "level": 3, + "title": "VOLATILITY STABILIZATION", + "page": 1162 + }, + { + "level": 3, + "title": "Switching Costs", + "page": 1164 + }, + { + "level": 3, + "title": "Capping Exposure", + "page": 1164 + }, + { + "level": 1, + "title": "APPENDIX 1 Statistical Tables", + "page": 1167 + }, + { + "level": 1, + "title": "APPENDIX 2 Matrix Solution to", + "page": 1171 + }, + { + "level": 1, + "title": "APPENDIX 3 Trigonometric", + "page": 1181 + }, + { + "level": 1, + "title": "Bibliography", + "page": 1195 + }, + { + "level": 1, + "title": "About the Companion Website", + "page": 1211 + }, + { + "level": 1, + "title": "Index", + "page": 1213 + } + ] + }, + { + "id": "trading_systems_and_methods_website_perry_j_kaufman", + "title": "Trading Systems and Methods", + "author": "Kaufman, Perry J.", + "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": 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 + }, + { + "level": 3, + "title": "The Best of the Candles", + "page": 164 + }, + { + "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 + }, + { + "level": 3, + "title": "Pattern Failures", + "page": 166 + }, + { + "level": 3, + "title": "Testing Your Skill", + "page": 167 + }, + { + "level": 2, + "title": "EVOLUTION IN PRICE PATTERNS", + "page": 168 + }, + { + "level": 3, + "title": "Globalization: The Similarity of Asian Markets", + "page": 169 + }, + { + "level": 1, + "title": "CHAPTER 4 Charting Systems and Techniques", + "page": 171 + }, + { + "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 + }, + { + "level": 3, + "title": "The Square Root Theory", + "page": 175 + }, + { + "level": 2, + "title": "NOFRI’S CONGESTION-PHASE SYSTEM", + "page": 175 + }, + { + "level": 3, + "title": "Implementing the Congestion-Phase System", + "page": 176 + }, + { + "level": 2, + "title": "OUTSIDE DAYS WITH AN OUTSIDE CLOSE", + "page": 177 + }, + { + "level": 2, + "title": "INSIDE DAYS", + "page": 178 + }, + { + "level": 2, + "title": "PIVOT POINTS", + "page": 178 + }, + { + "level": 2, + "title": "ACTION AND REACTION", + "page": 179 + }, + { + "level": 3, + "title": "Fibonacci Ratios", + "page": 180 + }, + { + "level": 3, + "title": "Tubbs’ Law of Proportion", + "page": 180 + }, + { + "level": 3, + "title": "Trident", + "page": 182 + }, + { + "level": 3, + "title": "An Overview of Percentage Retracements", + "page": 183 + }, + { + "level": 3, + "title": "Clustering", + "page": 186 + }, + { + "level": 2, + "title": "CHANNEL BREAKOUT", + "page": 187 + }, + { + "level": 2, + "title": "MOVING CHANNELS", + "page": 190 + }, + { + "level": 2, + "title": "COMMODITY CHANNEL INDEX", + "page": 191 + }, + { + "level": 2, + "title": "WYCKOFF’S COMBINED TECHNIQUES", + "page": 192 + }, + { + "level": 2, + "title": "COMPLEX PATTERNS", + "page": 193 + }, + { + "level": 3, + "title": "DeMark’s Sequential™", + "page": 193 + }, + { + "level": 3, + "title": "Thinking about Complex Patterns", + "page": 195 + }, + { + "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 + }, + { + "level": 2, + "title": "BULKOWSKI’S CHART PATTERN RANKINGS", + "page": 198 + }, + { + "level": 1, + "title": "CHAPTER 5 Event-DrivenT rends", + "page": 201 + }, + { + "level": 2, + "title": "SWING TRADING", + "page": 202 + }, + { + "level": 3, + "title": "Constructing a Classic Swing Chart", + "page": 202 + }, + { + "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 + }, + { + "level": 3, + "title": "The Swing Philosophy", + "page": 209 + }, + { + "level": 3, + "title": "The Livermore System", + "page": 209 + }, + { + "level": 3, + "title": "Programming the Swing High and Low Points", + "page": 211 + }, + { + "level": 3, + "title": "Keltner’s Minor Trend Rule", + "page": 211 + }, + { + "level": 3, + "title": "Pivot Points", + "page": 212 + }, + { + "level": 3, + "title": "Wilder’s Swing Index", + "page": 212 + }, + { + "level": 2, + "title": "POINT-AND-FIGURE CHARTING", + "page": 215 + }, + { + "level": 3, + "title": "Plotting Prices Using the Point-and-Figure Method", + "page": 217 + }, + { + "level": 3, + "title": "Point-and-Figure Chart Formations", + "page": 219 + }, + { + "level": 3, + "title": "Point-and-Figure Trendlines", + "page": 221 + }, + { + "level": 3, + "title": "Point-and-Figure Trading Techniques", + "page": 227 + }, + { + "level": 3, + "title": "Selecting Trades", + "page": 233 + }, + { + "level": 3, + "title": "Price Objectives", + "page": 233 + }, + { + "level": 3, + "title": "Point-and-Figure with Variable Box Sizes", + "page": 238 + }, + { + "level": 3, + "title": "Recent Applications of Point-and-Figure", + "page": 241 + }, + { + "level": 2, + "title": "THE N-DAY BREAKOUT", + "page": 242 + }, + { + "level": 3, + "title": "Donchian’s 4-Week Rule", + "page": 243 + }, + { + "level": 3, + "title": "Modifying the N-Day Rule", + "page": 244 + }, + { + "level": 3, + "title": "Testing the N-Day Rule", + "page": 245 + }, + { + "level": 3, + "title": "The N-Day Breakout Applied to Stocks", + "page": 248 + }, + { + "level": 3, + "title": "The Turtles", + "page": 249 + }, + { + "level": 1, + "title": "CHAPTER 6 Regression Analysis", + "page": 255 + }, + { + "level": 2, + "title": "COMPONENTS OF A TIME SERIES", + "page": 255 + }, + { + "level": 2, + "title": "CHARACTERISTICS OF THE PRICE DATA", + "page": 256 + }, + { + "level": 3, + "title": "Selection of the Calculation Period", + "page": 257 + }, + { + "level": 2, + "title": "LINEAR REGRESSION", + "page": 258 + }, + { + "level": 3, + "title": "Explaining, Not Predicting", + "page": 258 + }, + { + "level": 3, + "title": "Calculating the Best Straight-Line Fit", + "page": 259 + }, + { + "level": 3, + "title": "Excel Regression", + "page": 262 + }, + { + "level": 3, + "title": "Corn Explained by Soybeans", + "page": 262 + }, + { + "level": 3, + "title": "Gold Bullion and Barrick Gold Corporation", + "page": 264 + }, + { + "level": 2, + "title": "LINEAR CORRELATION", + "page": 268 + }, + { + "level": 3, + "title": "Correlation Adjustments When Using a Time Series", + "page": 269 + }, + { + "level": 3, + "title": "Forecasting Using Regression", + "page": 270 + }, + { + "level": 2, + "title": "NONLINEAR APPROXIMATIONS FOR TWO VARIABLES", + "page": 272 + }, + { + "level": 3, + "title": "Second-Order Least-Squares Solution", + "page": 273 + }, + { + "level": 2, + "title": "TRANSFORMING NONLINEAR TO LINEAR", + "page": 276 + }, + { + "level": 2, + "title": "EVALUATION OF TWO-VARIABLE TECHNIQUES", + "page": 277 + }, + { + "level": 3, + "title": "Direct Relationships", + "page": 278 + }, + { + "level": 2, + "title": "MULTIVARIATE APPROXIMATIONS", + "page": 279 + }, + { + "level": 3, + "title": "Selecting Data for an S&P Model", + "page": 283 + }, + { + "level": 3, + "title": "Generalized Multivariate Solution", + "page": 285 + }, + { + "level": 3, + "title": "Least-Squares Sinusoidal", + "page": 286 + }, + { + "level": 2, + "title": "ARIMA", + "page": 287 + }, + { + "level": 3, + "title": "Forecast Results", + "page": 290 + }, + { + "level": 3, + "title": "ARIMA Trading Strategies", + "page": 291 + }, + { + "level": 3, + "title": "Kalman Filters", + "page": 292 + }, + { + "level": 2, + "title": "BASIC TRADING SIGNALS USING A LINEAR REGRESSION MODEL", + "page": 293 + }, + { + "level": 3, + "title": "Adding Confidence Bands", + "page": 293 + }, + { + "level": 3, + "title": "Using the Linear Regression Slope", + "page": 295 + }, + { + "level": 3, + "title": "Adding Correlations", + "page": 295 + }, + { + "level": 3, + "title": "Forecast Oscillator", + "page": 296 + }, + { + "level": 2, + "title": "MEASURING MARKET STRENGTH", + "page": 296 + }, + { + "level": 1, + "title": "CHAPTER 7 Time-Based Trend Calculations", + "page": 299 + }, + { + "level": 2, + "title": "FORECASTING AND FOLLOWING", + "page": 299 + }, + { + "level": 3, + "title": "Least-Squares Model", + "page": 301 + }, + { + "level": 3, + "title": "Error Analysis", + "page": 301 + }, + { + "level": 3, + "title": "Limiting the Forecast to Direction", + "page": 303 + }, + { + "level": 2, + "title": "PRICE CHANGE OVER TIME", + "page": 304 + }, + { + "level": 2, + "title": "THE MOVING AVERAGE", + "page": 304 + }, + { + "level": 3, + "title": "User-Friendly Software", + "page": 306 + }, + { + "level": 3, + "title": "What Do You Average?", + "page": 306 + }, + { + "level": 3, + "title": "Types of Moving Averages", + "page": 307 + }, + { + "level": 3, + "title": "Triangular Weighting", + "page": 309 + }, + { + "level": 3, + "title": "Pivot-Point Weighting", + "page": 310 + }, + { + "level": 3, + "title": "Standard Deviation Moving Average", + "page": 311 + }, + { + "level": 2, + "title": "GEOMETRIC MOVING AVERAGE", + "page": 312 + }, + { + "level": 2, + "title": "ACCUMULATIVE AVERAGE", + "page": 313 + }, + { + "level": 2, + "title": "RESET ACCUMULATIVE AVERAGE", + "page": 313 + }, + { + "level": 2, + "title": "DROP-OFF EFFECT", + "page": 313 + }, + { + "level": 2, + "title": "EXPONENTIAL SMOOTHING", + "page": 313 + }, + { + "level": 3, + "title": "The Common Form of Exponential Smoothing", + "page": 314 + }, + { + "level": 3, + "title": "The Smoothing Constant Expressed in Days", + "page": 315 + }, + { + "level": 3, + "title": "Estimating Residual Impact", + "page": 316 + }, + { + "level": 3, + "title": "Relating Exponential and Standard Averages", + "page": 318 + }, + { + "level": 3, + "title": "Correcting for the Lag", + "page": 321 + }, + { + "level": 3, + "title": "Double Smoothing", + "page": 321 + }, + { + "level": 3, + "title": "Double Smoothing of Price Changes", + "page": 323 + }, + { + "level": 3, + "title": "Comparison of Exponential Smoothing Methods", + "page": 324 + }, + { + "level": 3, + "title": "Regularization", + "page": 325 + }, + { + "level": 3, + "title": "Hull Moving Average", + "page": 326 + }, + { + "level": 2, + "title": "PLOTTING LAGS AND LEADS", + "page": 327 + }, + { + "level": 1, + "title": "CHAPTER 8 Trend Systems", + "page": 329 + }, + { + "level": 2, + "title": "WHY TREND SYSTEMS WORK", + "page": 329 + }, + { + "level": 3, + "title": "How Often Do Markets Trend?", + "page": 330 + }, + { + "level": 3, + "title": "The Fat Tail", + "page": 330 + }, + { + "level": 3, + "title": "Distribution of Profits and Losses", + "page": 331 + }, + { + "level": 3, + "title": "Time Intervals, Market Maturity, and Trends", + "page": 333 + }, + { + "level": 2, + "title": "BASIC BUY AND SELL SIGNALS", + "page": 334 + }, + { + "level": 3, + "title": "Using the Trendline for Signals", + "page": 335 + }, + { + "level": 3, + "title": "Comparing Basic Trading Signals", + "page": 335 + }, + { + "level": 3, + "title": "Anticipating the Trend Signal", + "page": 336 + }, + { + "level": 3, + "title": "Profile of a Simple Moving Average System", + "page": 337 + }, + { + "level": 2, + "title": "BANDS AND CHANNELS", + "page": 340 + }, + { + "level": 3, + "title": "Bands Formed by Highs and Lows", + "page": 340 + }, + { + "level": 3, + "title": "Keltner Channels", + "page": 341 + }, + { + "level": 3, + "title": "Percentage Bands", + "page": 341 + }, + { + "level": 3, + "title": "Volatility Bands", + "page": 342 + }, + { + "level": 3, + "title": "Bollinger Bands", + "page": 343 + }, + { + "level": 3, + "title": "Rules for Using Bands", + "page": 346 + }, + { + "level": 3, + "title": "Timing the Order", + "page": 348 + }, + { + "level": 3, + "title": "The Compromise between Reliability and Delay", + "page": 349 + }, + { + "level": 3, + "title": "Bollinger on Bollinger Bands", + "page": 349 + }, + { + "level": 3, + "title": "Combining Bollinger with Other Indicators", + "page": 350 + }, + { + "level": 2, + "title": "APPLICATIONS OF A SINGLE TREND", + "page": 350 + }, + { + "level": 3, + "title": "A Simple Momentum System", + "page": 351 + }, + { + "level": 3, + "title": "A Step-Weighted Moving Average", + "page": 351 + }, + { + "level": 3, + "title": "The Volatility System", + "page": 353 + }, + { + "level": 3, + "title": "The 10-Day Moving Average Rule", + "page": 353 + }, + { + "level": 3, + "title": "TRIX, Triple Exponential Smoothing", + "page": 354 + }, + { + "level": 3, + "title": "Raschke’s First Cross", + "page": 355 + }, + { + "level": 2, + "title": "COMPARISON OF MAJOR TREND SYSTEMS", + "page": 356 + }, + { + "level": 3, + "title": "Trading Rules", + "page": 357 + }, + { + "level": 3, + "title": "Spreadsheet Example", + "page": 358 + }, + { + "level": 3, + "title": "Comparative Results", + "page": 360 + }, + { + "level": 3, + "title": "Different Trend Philosophies", + "page": 362 + }, + { + "level": 3, + "title": "Different Risk Profiles", + "page": 362 + }, + { + "level": 3, + "title": "Expectations", + "page": 366 + }, + { + "level": 3, + "title": "Robust Testing", + "page": 368 + }, + { + "level": 3, + "title": "Which System Is Best?", + "page": 369 + }, + { + "level": 3, + "title": "Programs for the Six Systems", + "page": 369 + }, + { + "level": 2, + "title": "TECHNIQUES USING TWO TRENDLINES", + "page": 370 + }, + { + "level": 3, + "title": "Donchian’s 5- and 20-Day Moving Average System", + "page": 372 + }, + { + "level": 3, + "title": "Donchian’s 20- and 40-Day Breakout", + "page": 373 + }, + { + "level": 3, + "title": "The Golden Cross and the Death Cross", + "page": 374 + }, + { + "level": 3, + "title": "Staying Ahead of the Crowd", + "page": 375 + }, + { + "level": 2, + "title": "MULTIPLE TRENDS AND COMMON SENSE", + "page": 376 + }, + { + "level": 3, + "title": "Three Trends", + "page": 377 + }, + { + "level": 3, + "title": "Modified 3-Crossover Model", + "page": 378 + }, + { + "level": 3, + "title": "4-9-18 Crossover Model", + "page": 378 + }, + { + "level": 2, + "title": "COMPREHENSIVE STUDIES", + "page": 379 + }, + { + "level": 2, + "title": "SELECTING THE RIGHT TREND METHOD AND SPEED", + "page": 379 + }, + { + "level": 3, + "title": "Selecting the Trend Speed", + "page": 380 + }, + { + "level": 2, + "title": "MOVING AVERAGE SEQUENCES: SIGNAL PROGRESSION", + "page": 383 + }, + { + "level": 3, + "title": "Averaging the Sequences", + "page": 384 + }, + { + "level": 2, + "title": "EARLY EXITS FROM A TREND", + "page": 386 + }, + { + "level": 2, + "title": "MOVING AVERAGE PROJECTED CROSSOVERS", + "page": 386 + }, + { + "level": 1, + "title": "CHAPTER 9 Momentum and Oscillators", + "page": 389 + }, + { + "level": 2, + "title": "MOMENTUM", + "page": 390 + }, + { + "level": 3, + "title": "Characteristics of Momentum", + "page": 392 + }, + { + "level": 3, + "title": "Momentum as a Percentage", + "page": 393 + }, + { + "level": 3, + "title": "Momentum as the Difference between Price and Trend", + "page": 394 + }, + { + "level": 3, + "title": "Momentum as a Trend Indicator", + "page": 394 + }, + { + "level": 3, + "title": "Timing an Entry", + "page": 396 + }, + { + "level": 3, + "title": "Identifying and Fading Price Extremes", + "page": 397 + }, + { + "level": 3, + "title": "High-Momentum Trading", + "page": 401 + }, + { + "level": 3, + "title": "Moving Average Convergence/Divergence (MACD)", + "page": 402 + }, + { + "level": 2, + "title": "DIVERGENCE INDEX", + "page": 404 + }, + { + "level": 2, + "title": "OSCILLATORS", + "page": 405 + }, + { + "level": 3, + "title": "Relative Strength Index", + "page": 406 + }, + { + "level": 3, + "title": "Stochastics", + "page": 412 + }, + { + "level": 3, + "title": "Left and Right Crossovers", + "page": 415 + }, + { + "level": 3, + "title": "Creating a Stochastic from the RSI", + "page": 416 + }, + { + "level": 3, + "title": "Williams’s Oscillators", + "page": 417 + }, + { + "level": 3, + "title": "Relative Vigor Index", + "page": 423 + }, + { + "level": 2, + "title": "DOUBLE-SMOOTHED MOMENTUM", + "page": 424 + }, + { + "level": 3, + "title": "True Strength Index", + "page": 424 + }, + { + "level": 3, + "title": "Double-Smoothed Stochastics", + "page": 426 + }, + { + "level": 3, + "title": "TRIX", + "page": 426 + }, + { + "level": 3, + "title": "Changing the Divisor", + "page": 428 + }, + { + "level": 3, + "title": "An Oscillator to Distinguish between Trending and Sideways Markets", + "page": 428 + }, + { + "level": 3, + "title": "Adding Volume to Momentum", + "page": 428 + }, + { + "level": 3, + "title": "Scaling by a Percentage or Volatility", + "page": 429 + }, + { + "level": 3, + "title": "Volume-Weighted RSI", + "page": 429 + }, + { + "level": 3, + "title": "Herrick Payoff Index", + "page": 430 + }, + { + "level": 3, + "title": "Comments on the Use of Volume", + "page": 431 + }, + { + "level": 2, + "title": "VELOCITY AND ACCELERATION", + "page": 432 + }, + { + "level": 3, + "title": "Finding the Velocity and Acceleration of Different Techniques", + "page": 434 + }, + { + "level": 3, + "title": "Using Velocity and Acceleration to Identify a Sideways Market", + "page": 435 + }, + { + "level": 3, + "title": "Quick Calculation of Velocity and Acceleration", + "page": 435 + }, + { + "level": 2, + "title": "HYBRID MOMENTUM TECHNIQUES", + "page": 436 + }, + { + "level": 3, + "title": "Combining a Trend and an Oscillator", + "page": 436 + }, + { + "level": 3, + "title": "Cambridge Hook", + "page": 438 + }, + { + "level": 2, + "title": "MOMENTUM DIVERGENCE", + "page": 438 + }, + { + "level": 3, + "title": "An Amazon.com Example Using Momentum Peaks", + "page": 440 + }, + { + "level": 3, + "title": "Trading Rules for Divergence", + "page": 441 + }, + { + "level": 3, + "title": "Programming Divergence", + "page": 443 + }, + { + "level": 3, + "title": "Slope Divergence", + "page": 444 + }, + { + "level": 2, + "title": "SOME FINAL COMMENTS ON MOMENTUM", + "page": 446 + }, + { + "level": 1, + "title": "CHAPTER 10 Seasonality and Calendar Patterns", + "page": 447 + }, + { + "level": 2, + "title": "A CONSISTENT FACTOR", + "page": 448 + }, + { + "level": 2, + "title": "THE SEASONAL PATTERN", + "page": 449 + }, + { + "level": 2, + "title": "POPULAR METHODS FOR CALCULATING SEASONALITY", + "page": 450 + }, + { + "level": 3, + "title": "An Important Note about the Data", + "page": 450 + }, + { + "level": 3, + "title": "Seasonal Decomposition", + "page": 450 + }, + { + "level": 3, + "title": "Detrending", + "page": 451 + }, + { + "level": 3, + "title": "Basic Calculation Components", + "page": 451 + }, + { + "level": 3, + "title": "A Program to Create a Table of Monthly Price Changes", + "page": 453 + }, + { + "level": 3, + "title": "Removing the Trend with First Differences", + "page": 458 + }, + { + "level": 3, + "title": "Effects of a Few Volatile Years", + "page": 460 + }, + { + "level": 3, + "title": "Method of Yearly Averages", + "page": 461 + }, + { + "level": 3, + "title": "The Method of Link Relatives", + "page": 464 + }, + { + "level": 3, + "title": "The Moving Average Method", + "page": 467 + }, + { + "level": 3, + "title": "X-11 and X-12 ARIMA Methods", + "page": 467 + }, + { + "level": 3, + "title": "Winter’s Method", + "page": 471 + }, + { + "level": 3, + "title": "Changes in Seasonal Patterns", + "page": 472 + }, + { + "level": 3, + "title": "Seasonal Volatility", + "page": 473 + }, + { + "level": 3, + "title": "Weather Sensitivity", + "page": 474 + }, + { + "level": 3, + "title": "Measuring Weather Sensitivity", + "page": 475 + }, + { + "level": 2, + "title": "SEASONAL FILTERS", + "page": 476 + }, + { + "level": 3, + "title": "Years with Similar Characteristics", + "page": 479 + }, + { + "level": 3, + "title": "Seasonal and Nonseasonal Market Patterns", + "page": 480 + }, + { + "level": 3, + "title": "Seasonal Patterns in Stocks", + "page": 489 + }, + { + "level": 3, + "title": "Seasonality for Trading", + "page": 490 + }, + { + "level": 3, + "title": "Seasonal Studies and Key Dates", + "page": 491 + }, + { + "level": 2, + "title": "SEASONALITY AND THE STOCK MARKET", + "page": 498 + }, + { + "level": 3, + "title": "The Holiday Effect for Stocks", + "page": 499 + }, + { + "level": 3, + "title": "The Month-End Effect", + "page": 500 + }, + { + "level": 3, + "title": "The Hirsch Strategy", + "page": 500 + }, + { + "level": 3, + "title": "The January Effect", + "page": 501 + }, + { + "level": 3, + "title": "Risks of September and October", + "page": 503 + }, + { + "level": 2, + "title": "COMMON SENSE AND SEASONALITY", + "page": 503 + }, + { + "level": 3, + "title": "Being Too Specific about Targets", + "page": 504 + }, + { + "level": 1, + "title": "CHAPTER 11 Cycle Analysis", + "page": 505 + }, + { + "level": 2, + "title": "CYCLE BASICS", + "page": 505 + }, + { + "level": 3, + "title": "Observing the Cycle", + "page": 506 + }, + { + "level": 3, + "title": "Basic Cycle Identification", + "page": 507 + }, + { + "level": 3, + "title": "The Business Cycle", + "page": 510 + }, + { + "level": 3, + "title": "The Kondratieff Wave", + "page": 510 + }, + { + "level": 3, + "title": "Presidential Election Cycle", + "page": 512 + }, + { + "level": 2, + "title": "UNCOVERING THE CYCLE", + "page": 514 + }, + { + "level": 3, + "title": "Removing the Trend", + "page": 514 + }, + { + "level": 3, + "title": "Terminology", + "page": 516 + }, + { + "level": 3, + "title": "Trigonometric Price Analysis", + "page": 517 + }, + { + "level": 3, + "title": "2-Frequency Trigonometric Regression", + "page": 522 + }, + { + "level": 3, + "title": "Fourier Analysis: Complex Trigonometric Regression", + "page": 525 + }, + { + "level": 3, + "title": "Using Excel’s Fourier Analysis", + "page": 531 + }, + { + "level": 2, + "title": "MAXIMUM ENTROPY", + "page": 534 + }, + { + "level": 3, + "title": "Using the Phase Angle", + "page": 534 + }, + { + "level": 3, + "title": "Finding the Cycle Using the Hilbert Transform", + "page": 536 + }, + { + "level": 3, + "title": "The Fisher Transform", + "page": 538 + }, + { + "level": 2, + "title": "CYCLE CHANNEL INDEX", + "page": 540 + }, + { + "level": 2, + "title": "SHORT CYCLE INDICATOR", + "page": 541 + }, + { + "level": 2, + "title": "PHASING", + "page": 543 + }, + { + "level": 1, + "title": "CHAPTER 12 Volume, Open Interest, and Breadth", + "page": 547 + }, + { + "level": 2, + "title": "A SPECIAL CASE FOR FUTURES VOLUME", + "page": 547 + }, + { + "level": 3, + "title": "Tick Volume", + "page": 548 + }, + { + "level": 2, + "title": "VARIATIONS FROM THE NORMAL PATTERNS", + "page": 549 + }, + { + "level": 3, + "title": "The W Intraday Pattern", + "page": 549 + }, + { + "level": 3, + "title": "Variance in Volume", + "page": 549 + }, + { + "level": 3, + "title": "Volume Spikes", + "page": 550 + }, + { + "level": 3, + "title": "Drop in Volume", + "page": 550 + }, + { + "level": 2, + "title": "STANDARD INTERPRETATION", + "page": 551 + }, + { + "level": 3, + "title": "Volume and Open Interest", + "page": 552 + }, + { + "level": 3, + "title": "Exceptions", + "page": 553 + }, + { + "level": 3, + "title": "Richard Arms’ Equivolume", + "page": 554 + }, + { + "level": 3, + "title": "Herrick Payoff Index", + "page": 554 + }, + { + "level": 3, + "title": "Volume Is a Predictor of Volatility", + "page": 554 + }, + { + "level": 2, + "title": "VOLUME INDICATORS", + "page": 555 + }, + { + "level": 3, + "title": "Average Volume", + "page": 555 + }, + { + "level": 3, + "title": "Normalizing the Volume", + "page": 555 + }, + { + "level": 3, + "title": "Volume Momentum and Percentage Change", + "page": 555 + }, + { + "level": 3, + "title": "Force Index", + "page": 556 + }, + { + "level": 3, + "title": "Volume Oscillator", + "page": 556 + }, + { + "level": 3, + "title": "On-Balance Volume", + "page": 557 + }, + { + "level": 3, + "title": "Volume Accumulator", + "page": 560 + }, + { + "level": 3, + "title": "Accumulation Distribution", + "page": 561 + }, + { + "level": 3, + "title": "Intraday Intensity", + "page": 561 + }, + { + "level": 3, + "title": "Price and Volume Trend, the Positive Volume Index, and the Negative Volume Index", + "page": 561 + }, + { + "level": 3, + "title": "Aspray’s Demand Oscillator", + "page": 562 + }, + { + "level": 3, + "title": "Tick Volume Indicator", + "page": 563 + }, + { + "level": 3, + "title": "Volume-Weighted MACD", + "page": 563 + }, + { + "level": 3, + "title": "Variably Weighted Moving Average Using Volume", + "page": 564 + }, + { + "level": 3, + "title": "Substituting Open Interest for Volume Using Futures", + "page": 565 + }, + { + "level": 3, + "title": "VWAP", + "page": 566 + }, + { + "level": 2, + "title": "BREADTH INDICATORS", + "page": 566 + }, + { + "level": 3, + "title": "Separating Advancing from Declining Volume", + "page": 567 + }, + { + "level": 3, + "title": "Sibbett’s Demand Index", + "page": 568 + }, + { + "level": 3, + "title": "Bolton-Tremblay", + "page": 568 + }, + { + "level": 3, + "title": "Schultz", + "page": 568 + }, + { + "level": 3, + "title": "McClellan Oscillator", + "page": 569 + }, + { + "level": 3, + "title": "Upside/Downside Ratio", + "page": 570 + }, + { + "level": 3, + "title": "Arms Index (TRIN)", + "page": 570 + }, + { + "level": 3, + "title": "Thrust Oscillator", + "page": 570 + }, + { + "level": 3, + "title": "New Highs and Lows", + "page": 571 + }, + { + "level": 3, + "title": "Baskets of New Highs and Lows", + "page": 572 + }, + { + "level": 3, + "title": "Is One Volume or Breadth Indicator Better than Another?", + "page": 572 + }, + { + "level": 3, + "title": "Breadth as a Countertrend Indicator", + "page": 573 + }, + { + "level": 2, + "title": "INTERPRETING VOLUME AND BREADTH SYSTEMATICALLY", + "page": 574 + }, + { + "level": 3, + "title": "Identifying a Volume Spike", + "page": 574 + }, + { + "level": 3, + "title": "Moving Average Approaches", + "page": 576 + }, + { + "level": 3, + "title": "Advance-Decline System", + "page": 577 + }, + { + "level": 3, + "title": "Breadth as a Counter-Trend Indicator", + "page": 578 + }, + { + "level": 2, + "title": "AN INTEGRATED PROBABILITY MODEL", + "page": 578 + }, + { + "level": 2, + "title": "INTRADAY VOLUME PATTERNS", + "page": 579 + }, + { + "level": 3, + "title": "Time Stamps", + "page": 580 + }, + { + "level": 3, + "title": "Intraday Patterns", + "page": 580 + }, + { + "level": 3, + "title": "Relative Changes in Volume", + "page": 582 + }, + { + "level": 2, + "title": "FILTERING LOW VOLUME", + "page": 582 + }, + { + "level": 3, + "title": "Removing Low-Volume Periods", + "page": 583 + }, + { + "level": 3, + "title": "Removing Volume Associated with Small Price Moves", + "page": 583 + }, + { + "level": 2, + "title": "MARKET FACILITATION INDEX", + "page": 584 + }, + { + "level": 1, + "title": "CHAPTER 13 Spreads and Arbitrage", + "page": 585 + }, + { + "level": 2, + "title": "DYNAMICS OF FUTURES INTRAMARKET SPREADS", + "page": 586 + }, + { + "level": 2, + "title": "CARRYING CHARGES", + "page": 587 + }, + { + "level": 2, + "title": "SPREADS IN STOCKS", + "page": 589 + }, + { + "level": 3, + "title": "Globalization", + "page": 590 + }, + { + "level": 2, + "title": "SPREAD AND ARBITRAGE RELATIONSHIPS", + "page": 590 + }, + { + "level": 2, + "title": "RISK REDUCTION IN SPREADS", + "page": 591 + }, + { + "level": 2, + "title": "ARBITRAGE", + "page": 592 + }, + { + "level": 3, + "title": "Pricing of Futures Contracts", + "page": 592 + }, + { + "level": 3, + "title": "Interest Rate Parity", + "page": 594 + }, + { + "level": 3, + "title": "Program Trading", + "page": 596 + }, + { + "level": 3, + "title": "Merger Arbitrage", + "page": 599 + }, + { + "level": 3, + "title": "Single Stock Futures and the Underlying Stock", + "page": 600 + }, + { + "level": 3, + "title": "Intermarket Index Spreads", + "page": 601 + }, + { + "level": 3, + "title": "Pairs Trading", + "page": 603 + }, + { + "level": 3, + "title": "Stock and Futures Relationships", + "page": 606 + }, + { + "level": 3, + "title": "Product Spreads", + "page": 607 + }, + { + "level": 3, + "title": "Intercrop Spreads", + "page": 609 + }, + { + "level": 3, + "title": "Butterfly Spreads", + "page": 611 + }, + { + "level": 3, + "title": "The Yield Curve", + "page": 612 + }, + { + "level": 3, + "title": "Implied Interest Rates", + "page": 615 + }, + { + "level": 2, + "title": "THE CARRY TRADE", + "page": 616 + }, + { + "level": 3, + "title": "The Basic Carry Trade", + "page": 617 + }, + { + "level": 2, + "title": "CHANGING SPREAD RELATIONSHIPS", + "page": 620 + }, + { + "level": 3, + "title": "Gold/Silver and Platinum/Gold Ratios", + "page": 620 + }, + { + "level": 2, + "title": "INTERMARKET SPREADS", + "page": 622 + }, + { + "level": 3, + "title": "Increased Spread Risk", + "page": 624 + }, + { + "level": 3, + "title": "Creating New Markets to Trade", + "page": 624 + }, + { + "level": 3, + "title": "Trending or Mean Reverting?", + "page": 628 + }, + { + "level": 3, + "title": "Timing the Relative-Value Trade", + "page": 632 + }, + { + "level": 3, + "title": "Rating Services", + "page": 632 + }, + { + "level": 3, + "title": "Generalized Market Neutral Strategies", + "page": 633 + }, + { + "level": 3, + "title": "Other Spread Issues", + "page": 634 + }, + { + "level": 1, + "title": "CHAPTER 14 Behavioral Techniques", + "page": 637 + }, + { + "level": 2, + "title": "MEASURING THE NEWS", + "page": 638 + }, + { + "level": 3, + "title": "Ranking and Measuring", + "page": 640 + }, + { + "level": 3, + "title": "Trading on the News", + "page": 641 + }, + { + "level": 3, + "title": "Market Selectivity", + "page": 642 + }, + { + "level": 3, + "title": "Media Indicators", + "page": 642 + }, + { + "level": 2, + "title": "EVENT TRADING", + "page": 643 + }, + { + "level": 3, + "title": "Market Reactions to Reports", + "page": 644 + }, + { + "level": 3, + "title": "Measuring an Event", + "page": 646 + }, + { + "level": 3, + "title": "Trading the Event Lag", + "page": 646 + }, + { + "level": 3, + "title": "Results of Event Studies", + "page": 647 + }, + { + "level": 3, + "title": "Raschke Trades the News", + "page": 650 + }, + { + "level": 3, + "title": "Finding Recent Patterns", + "page": 650 + }, + { + "level": 3, + "title": "Conditional Analysis of Shocks", + "page": 654 + }, + { + "level": 2, + "title": "COMMITMENT OF TRADERS REPORT", + "page": 655 + }, + { + "level": 3, + "title": "Creating an Oscillator for the COT Numbers", + "page": 659 + }, + { + "level": 2, + "title": "OPINION AND CONTRARY OPINION", + "page": 661 + }, + { + "level": 3, + "title": "Contrary Opinion", + "page": 661 + }, + { + "level": 3, + "title": "Commitment of Traders Sentiment Index", + "page": 665 + }, + { + "level": 3, + "title": "A Lesson from Put-Call Ratios", + "page": 666 + }, + { + "level": 3, + "title": "Dogs of the Dow and the Small Dogs", + "page": 666 + }, + { + "level": 3, + "title": "Watching the Big Block Transactions", + "page": 667 + }, + { + "level": 2, + "title": "FIBONACCI AND HUMAN BEHAVIOR", + "page": 668 + }, + { + "level": 3, + "title": "Application of Fibonacci Ratios", + "page": 671 + }, + { + "level": 2, + "title": "ELLIOTT’S WAVE PRINCIPLE", + "page": 671 + }, + { + "level": 3, + "title": "Elliott’s Sideways Markets", + "page": 674 + }, + { + "level": 3, + "title": "Fitting the Market to the Patterns", + "page": 674 + }, + { + "level": 3, + "title": "Elliott’s Use of the Fibonacci Series", + "page": 674 + }, + { + "level": 3, + "title": "Trading Elliott", + "page": 676 + }, + { + "level": 3, + "title": "The Super Cycle", + "page": 676 + }, + { + "level": 3, + "title": "Automating Elliott’s Wave Analysis", + "page": 678 + }, + { + "level": 3, + "title": "A Comment on Elliott Wave Theory", + "page": 679 + }, + { + "level": 2, + "title": "PRICE TARGET CONSTRUCTIONS USING THE FIBONACCI RATIO", + "page": 680 + }, + { + "level": 3, + "title": "Alternate Arc Measurement", + "page": 682 + }, + { + "level": 2, + "title": "FISCHER’S GOLDEN SECTION COMPASS SYSTEM", + "page": 682 + }, + { + "level": 3, + "title": "Price Goals", + "page": 684 + }, + { + "level": 3, + "title": "Filtering Highs and Lows", + "page": 685 + }, + { + "level": 2, + "title": "W. D. GANN—TIME AND SPACE", + "page": 686 + }, + { + "level": 3, + "title": "Time and Price", + "page": 686 + }, + { + "level": 3, + "title": "Geometric Angles", + "page": 687 + }, + { + "level": 3, + "title": "The Hexagon Chart", + "page": 689 + }, + { + "level": 3, + "title": "Gann Software", + "page": 691 + }, + { + "level": 2, + "title": "FINANCIAL ASTROLOGY", + "page": 691 + }, + { + "level": 3, + "title": "The Jupiter-Saturn Cycle", + "page": 692 + }, + { + "level": 3, + "title": "Major Physical Events", + "page": 694 + }, + { + "level": 3, + "title": "The Moon: Buy Full, Sell New", + "page": 697 + }, + { + "level": 3, + "title": "Calculation of a New Moon, Full Moon, Solar and Lunar Eclipse", + "page": 697 + }, + { + "level": 3, + "title": "Example: Solar Eclipse of May 21, 1993", + "page": 702 + }, + { + "level": 1, + "title": "CHAPTER 15 Pattern Recognition", + "page": 705 + }, + { + "level": 2, + "title": "PROJECTING DAILY HIGHS AND LOWS", + "page": 707 + }, + { + "level": 3, + "title": "Pivot Points", + "page": 707 + }, + { + "level": 3, + "title": "DeMark’s Projected Ranges", + "page": 708 + }, + { + "level": 3, + "title": "Comparing the Two Ranges", + "page": 708 + }, + { + "level": 2, + "title": "TIME OF DAY", + "page": 709 + }, + { + "level": 3, + "title": "Trading Habits Form Lasting Patterns", + "page": 709 + }, + { + "level": 3, + "title": "Tubbs’ Intraday Patterns", + "page": 710 + }, + { + "level": 3, + "title": "Merrill’s Intraday Patterns", + "page": 711 + }, + { + "level": 3, + "title": "Updating Intraday Time Patterns, 2000–2011", + "page": 711 + }, + { + "level": 3, + "title": "Intraday Highs and Lows", + "page": 716 + }, + { + "level": 2, + "title": "OPENING GAPS", + "page": 719 + }, + { + "level": 3, + "title": "Gaps in Futures Markets", + "page": 720 + }, + { + "level": 3, + "title": "Do Individual Stocks Show Unique Gap Patterns?", + "page": 727 + }, + { + "level": 3, + "title": "A Simple Gap Trading Method for Stocks", + "page": 727 + }, + { + "level": 2, + "title": "WEEKDAY, WEEKEND, AND REVERSAL PATTERNS", + "page": 731 + }, + { + "level": 3, + "title": "Weekday Patterns", + "page": 731 + }, + { + "level": 3, + "title": "emini S&P", + "page": 733 + }, + { + "level": 3, + "title": "Bank of America and Intel", + "page": 733 + }, + { + "level": 3, + "title": "Weekend Patterns", + "page": 743 + }, + { + "level": 3, + "title": "Combining Weekend and Weekday Patterns", + "page": 745 + }, + { + "level": 3, + "title": "A Comment on Testing and Holidays", + "page": 745 + }, + { + "level": 3, + "title": "Day of the Month", + "page": 746 + }, + { + "level": 3, + "title": "Days-of-the-Month Summary", + "page": 749 + }, + { + "level": 3, + "title": "Reversal Patterns", + "page": 749 + }, + { + "level": 2, + "title": "COMPUTER-BASED PATTERN RECOGNITION", + "page": 752 + }, + { + "level": 3, + "title": "Repeated Patterns", + "page": 754 + }, + { + "level": 2, + "title": "ARTIFICIAL INTELLIGENCE METHODS", + "page": 755 + }, + { + "level": 1, + "title": "CHAPTER 16 Day Trading", + "page": 757 + }, + { + "level": 2, + "title": "IMPACT OF TRANSACTION COSTS", + "page": 758 + }, + { + "level": 3, + "title": "Costs and Volatility", + "page": 758 + }, + { + "level": 3, + "title": "Costs and Trading Strategy", + "page": 760 + }, + { + "level": 3, + "title": "Liquidity", + "page": 761 + }, + { + "level": 3, + "title": "Estimating Slippage Costs", + "page": 763 + }, + { + "level": 3, + "title": "Volatility-Adjusted Slippage", + "page": 764 + }, + { + "level": 2, + "title": "KEY ELEMENTS OF DAY TRADING", + "page": 764 + }, + { + "level": 3, + "title": "Migration of Trading Techniques", + "page": 765 + }, + { + "level": 3, + "title": "Point-and-Figure for Short-Term Trading", + "page": 765 + }, + { + "level": 3, + "title": "Moving Averages", + "page": 766 + }, + { + "level": 3, + "title": "Choosing the Intraday Bar Size", + "page": 767 + }, + { + "level": 3, + "title": "Time-of-Day Patterns", + "page": 768 + }, + { + "level": 3, + "title": "Trading in the Wrong Time Zone", + "page": 769 + }, + { + "level": 2, + "title": "TRADING USING PRICE PATTERNS", + "page": 773 + }, + { + "level": 3, + "title": "Variations on Support and Resistance", + "page": 773 + }, + { + "level": 3, + "title": "The Taylor Trading Technique", + "page": 775 + }, + { + "level": 2, + "title": "INTRADAY BREAKOUT SYSTEMS", + "page": 779 + }, + { + "level": 3, + "title": "Opening Range Breakout", + "page": 779 + }, + { + "level": 3, + "title": "Fading the Opening Range", + "page": 792 + }, + { + "level": 2, + "title": "INTRADAY VOLUME PATTERNS", + "page": 794 + }, + { + "level": 2, + "title": "INTRADAY PRICE SHOCKS", + "page": 795 + }, + { + "level": 1, + "title": "CHAPTER 17 Adaptive Techniques", + "page": 799 + }, + { + "level": 2, + "title": "ADAPTIVE TREND CALCULATIONS", + "page": 799 + }, + { + "level": 3, + "title": "Kaufman’s Adaptive Moving Average", + "page": 799 + }, + { + "level": 3, + "title": "Chande’s Variable Index Dynamic Average (VIDYA)", + "page": 804 + }, + { + "level": 3, + "title": "MESA Adaptive Moving Average", + "page": 806 + }, + { + "level": 3, + "title": "Comparison of Adaptive Methods", + "page": 806 + }, + { + "level": 2, + "title": "ADAPTIVE VARIATIONS", + "page": 808 + }, + { + "level": 3, + "title": "Making Momentum Calculations Adaptive", + "page": 808 + }, + { + "level": 3, + "title": "McGinley Dynamics", + "page": 810 + }, + { + "level": 3, + "title": "The Parabolic Time/Price System", + "page": 810 + }, + { + "level": 3, + "title": "The Master Trading Formula", + "page": 812 + }, + { + "level": 2, + "title": "OTHER ADAPTIVE MOMENTUM CALCULATIONS", + "page": 813 + }, + { + "level": 3, + "title": "Trend-Adjusted Oscillator", + "page": 813 + }, + { + "level": 3, + "title": "Dynamic Momentum Index", + "page": 815 + }, + { + "level": 2, + "title": "ADAPTIVE INTRADAY BREAKOUT SYSTEM", + "page": 816 + }, + { + "level": 2, + "title": "AN ADAPTIVE PROCESS", + "page": 817 + }, + { + "level": 3, + "title": "A Development Example", + "page": 817 + }, + { + "level": 2, + "title": "CONSIDERING ADAPTIVE METHODS", + "page": 818 + }, + { + "level": 1, + "title": "CHAPTER 18 Price Distribution Systems", + "page": 821 + }, + { + "level": 2, + "title": "MEASURING DISTRIBUTION", + "page": 821 + }, + { + "level": 3, + "title": "Standard Deviation Bands", + "page": 822 + }, + { + "level": 3, + "title": "Avoiding the Lag Problem", + "page": 823 + }, + { + "level": 2, + "title": "USE OF PRICE DISTRIBUTIONS AND PATTERNSTO ANTICIPATE MOVES", + "page": 825 + }, + { + "level": 3, + "title": "Analysis of Zones", + "page": 825 + }, + { + "level": 3, + "title": "Zones for Forecasting Range and Controlling Risk", + "page": 827 + }, + { + "level": 3, + "title": "Zones Based on Daily Price Levels", + "page": 828 + }, + { + "level": 2, + "title": "DISTRIBUTION OF PRICES", + "page": 831 + }, + { + "level": 3, + "title": "Long-Term Price Distributions", + "page": 831 + }, + { + "level": 3, + "title": "Short-Term Distributions", + "page": 836 + }, + { + "level": 3, + "title": "Identifying Potential Price Moves", + "page": 838 + }, + { + "level": 3, + "title": "Using Skewness to Identify a Trend", + "page": 838 + }, + { + "level": 3, + "title": "Trading Using Kurtosis and Skew", + "page": 839 + }, + { + "level": 2, + "title": "STEIDLMAYER’S MARKET PROFILE", + "page": 842 + }, + { + "level": 3, + "title": "Construction of Market Profile", + "page": 844 + }, + { + "level": 3, + "title": "Time/Price Opportunities", + "page": 845 + }, + { + "level": 3, + "title": "Typical Patterns", + "page": 846 + }, + { + "level": 3, + "title": "What Are the Buyers and Sellers Doing?", + "page": 847 + }, + { + "level": 3, + "title": "Quantifying the Value Area", + "page": 848 + }, + { + "level": 3, + "title": "Trending Markets", + "page": 848 + }, + { + "level": 3, + "title": "Some Points to Remember about Market Profile", + "page": 850 + }, + { + "level": 3, + "title": "Other Trading Platforms", + "page": 850 + }, + { + "level": 2, + "title": "USING DAILY DISTRIBUTIONS TO IDENTIFY SUPPORT AND RESISTANCE", + "page": 850 + }, + { + "level": 1, + "title": "CHAPTER 19 Multiple Time Frames", + "page": 853 + }, + { + "level": 2, + "title": "TUNING TWO TIME FRAMES TO WORK TOGETHER", + "page": 853 + }, + { + "level": 2, + "title": "ELDER’S TRIPLE-SCREEN TRADING SYSTEM", + "page": 855 + }, + { + "level": 3, + "title": "Screen 1: The Major Move (Lowest Frequency Data)", + "page": 856 + }, + { + "level": 3, + "title": "Screen 2: The Intermediate Move (Middle Frequency Data)", + "page": 856 + }, + { + "level": 3, + "title": "Screen 3: Timing (High Frequency Data)", + "page": 857 + }, + { + "level": 3, + "title": "Stop-Loss", + "page": 858 + }, + { + "level": 2, + "title": "ROBERT KRAUSZ’S MULTIPLE TIME FRAMES", + "page": 858 + }, + { + "level": 3, + "title": "Laws of Multiple Time Frames", + "page": 859 + }, + { + "level": 3, + "title": "More on Selecting the Three Time Frames", + "page": 861 + }, + { + "level": 2, + "title": "MARTIN PRING’S KST SYSTEM", + "page": 862 + }, + { + "level": 3, + "title": "Creating a Composite Indicator", + "page": 863 + }, + { + "level": 1, + "title": "CHAPTER 20 Advanced Techniques", + "page": 865 + }, + { + "level": 2, + "title": "MEASURING VOLATILITY", + "page": 865 + }, + { + "level": 3, + "title": "The Price-Volatility Relationship", + "page": 866 + }, + { + "level": 3, + "title": "Adjusting for a Base Price", + "page": 867 + }, + { + "level": 3, + "title": "Exceptions", + "page": 867 + }, + { + "level": 3, + "title": "Determining the Base Price", + "page": 867 + }, + { + "level": 3, + "title": "The Time Interval", + "page": 869 + }, + { + "level": 3, + "title": "Volatility Measures", + "page": 870 + }, + { + "level": 3, + "title": "Ratio Measurements", + "page": 873 + }, + { + "level": 3, + "title": "Relative Volatility", + "page": 874 + }, + { + "level": 3, + "title": "Implied Volatility, VIX", + "page": 875 + }, + { + "level": 2, + "title": "USING VOLATILITY FOR TRADING", + "page": 876 + }, + { + "level": 3, + "title": "Intraday Volatility and Volume", + "page": 876 + }, + { + "level": 3, + "title": "Predicting Volatility with Trading Ranges", + "page": 877 + }, + { + "level": 3, + "title": "Thomas Bierovic—On-Balance True Range", + "page": 878 + }, + { + "level": 3, + "title": "VIX Trading Systems", + "page": 878 + }, + { + "level": 3, + "title": "Volatility System", + "page": 880 + }, + { + "level": 3, + "title": "Profit Targets and Stop-Loss Orders", + "page": 881 + }, + { + "level": 2, + "title": "TRADE SELECTION USING VOLATILITY", + "page": 881 + }, + { + "level": 3, + "title": "Eliminate or Delay?", + "page": 882 + }, + { + "level": 3, + "title": "Trade Selection Summary", + "page": 886 + }, + { + "level": 2, + "title": "LIQUIDITY", + "page": 887 + }, + { + "level": 2, + "title": "TRENDS AND PRICE NOISE", + "page": 888 + }, + { + "level": 2, + "title": "TRENDS AND INTEREST RATE CARRY", + "page": 891 + }, + { + "level": 2, + "title": "EXPERT SYSTEMS", + "page": 891 + }, + { + "level": 3, + "title": "Forward Chaining", + "page": 893 + }, + { + "level": 3, + "title": "A Technical Expert System", + "page": 893 + }, + { + "level": 2, + "title": "FUZZY LOGIC", + "page": 895 + }, + { + "level": 3, + "title": "Fuzzy Reasoning", + "page": 896 + }, + { + "level": 3, + "title": "Common Approach to Fuzzy Solutions", + "page": 896 + }, + { + "level": 3, + "title": "A Candlestick Example", + "page": 898 + }, + { + "level": 2, + "title": "FRACTALS, CHAOS, AND ENTROPY", + "page": 900 + }, + { + "level": 3, + "title": "Fractal Dimension", + "page": 900 + }, + { + "level": 3, + "title": "Using Fractal Efficiency", + "page": 901 + }, + { + "level": 3, + "title": "Chaotic Patterns and Market Behavior", + "page": 902 + }, + { + "level": 3, + "title": "Entropy—Predicting by Similar Situations", + "page": 903 + }, + { + "level": 2, + "title": "NEURAL NETWORKS", + "page": 906 + }, + { + "level": 3, + "title": "Terminology of Neural Networks", + "page": 906 + }, + { + "level": 3, + "title": "Artificial Neural Networks", + "page": 907 + }, + { + "level": 3, + "title": "Selecting and Preprocessing the Inputs", + "page": 910 + }, + { + "level": 3, + "title": "Selecting the Success Criteria", + "page": 910 + }, + { + "level": 3, + "title": "The Training Process", + "page": 911 + }, + { + "level": 3, + "title": "A Training Example", + "page": 911 + }, + { + "level": 3, + "title": "Success Criteria", + "page": 913 + }, + { + "level": 3, + "title": "Reducing the Number of Decision Levels and Neurons", + "page": 914 + }, + { + "level": 3, + "title": "Modeling Human Behavior", + "page": 914 + }, + { + "level": 3, + "title": "A Final Comment about Neural Networks", + "page": 915 + }, + { + "level": 2, + "title": "GENETIC ALGORITHMS", + "page": 915 + }, + { + "level": 3, + "title": "Representation of a Genetic Algorithm", + "page": 916 + }, + { + "level": 3, + "title": "Initial Chromosome Pool", + "page": 917 + }, + { + "level": 3, + "title": "Fitness", + "page": 918 + }, + { + "level": 3, + "title": "Propagation", + "page": 919 + }, + { + "level": 3, + "title": "Mating", + "page": 920 + }, + { + "level": 3, + "title": "Mutation", + "page": 920 + }, + { + "level": 3, + "title": "Converging on a Solution", + "page": 921 + }, + { + "level": 3, + "title": "Putting It into Practice: Simulated Performance", + "page": 921 + }, + { + "level": 3, + "title": "Multiple Seeding", + "page": 922 + }, + { + "level": 2, + "title": "REPLICATION OF HEDGE FUNDS", + "page": 922 + }, + { + "level": 1, + "title": "CHAPTER 21 System Testing", + "page": 925 + }, + { + "level": 2, + "title": "EXPECTATIONS", + "page": 927 + }, + { + "level": 3, + "title": "Setting Your Objective and Measuring Success", + "page": 927 + }, + { + "level": 2, + "title": "IDENTIFYING THE PARAMETERS", + "page": 928 + }, + { + "level": 3, + "title": "Range of Parameter Settings", + "page": 928 + }, + { + "level": 3, + "title": "Distribution of Values to Be Tested", + "page": 929 + }, + { + "level": 3, + "title": "Types of Test Variables", + "page": 930 + }, + { + "level": 2, + "title": "SELECTING THE TEST DATA", + "page": 930 + }, + { + "level": 3, + "title": "Cash Data", + "page": 933 + }, + { + "level": 3, + "title": "Problems with Adjusted Data Series", + "page": 934 + }, + { + "level": 3, + "title": "Which Data Series Is Best?", + "page": 934 + }, + { + "level": 3, + "title": "Synthetic Data", + "page": 935 + }, + { + "level": 2, + "title": "TESTING INTEGRITY", + "page": 936 + }, + { + "level": 3, + "title": "In-Sample and Out-of-Sample Data", + "page": 936 + }, + { + "level": 3, + "title": "Out-of-Sample Testing", + "page": 937 + }, + { + "level": 3, + "title": "Step-Forward Testing", + "page": 938 + }, + { + "level": 2, + "title": "SEARCHING FOR THE BEST RESULT", + "page": 939 + }, + { + "level": 3, + "title": "Mathematical Optimization", + "page": 940 + }, + { + "level": 3, + "title": "More on Test Continuity", + "page": 941 + }, + { + "level": 2, + "title": "VISUALIZING AND INTERPRETING TEST RESULTS", + "page": 942 + }, + { + "level": 3, + "title": "Seeing Continuity in Test Results", + "page": 944 + }, + { + "level": 3, + "title": "Two-Parameter Tests", + "page": 945 + }, + { + "level": 3, + "title": "Alternate Ways of Visualizing Results", + "page": 948 + }, + { + "level": 3, + "title": "Standardizing Test Results", + "page": 950 + }, + { + "level": 2, + "title": "LARGE-SCALE TESTING", + "page": 952 + }, + { + "level": 3, + "title": "Genetic Algorithms", + "page": 952 + }, + { + "level": 3, + "title": "Monte Carlo Sampling", + "page": 955 + }, + { + "level": 2, + "title": "REFINING THE STRATEGY RULES", + "page": 957 + }, + { + "level": 2, + "title": "ARRIVING AT VALID TEST RESULTS", + "page": 958 + }, + { + "level": 3, + "title": "Common Sense versus Statistics", + "page": 958 + }, + { + "level": 3, + "title": "Searching for Robustness", + "page": 959 + }, + { + "level": 3, + "title": "Performance Criteria", + "page": 960 + }, + { + "level": 3, + "title": "Sensitivity Testing", + "page": 963 + }, + { + "level": 3, + "title": "Reading between the Lines", + "page": 964 + }, + { + "level": 3, + "title": "The Signifi cance of “Signifi cant”", + "page": 965 + }, + { + "level": 3, + "title": "Systems That Work in Only One Market", + "page": 965 + }, + { + "level": 2, + "title": "COMPARING THE RESULTS OF TWO SYSTEMS", + "page": 966 + }, + { + "level": 3, + "title": "Which System Is Better?", + "page": 966 + }, + { + "level": 2, + "title": "PROFITING FROM THE WORST RESULTS", + "page": 970 + }, + { + "level": 2, + "title": "RETESTING FOR CHANGING PARAMETERS", + "page": 971 + }, + { + "level": 2, + "title": "TESTING ACROSS A WIDE RANGE OF MARKETS", + "page": 974 + }, + { + "level": 3, + "title": "Classic Tests by Davis and Thiel, Maxwell, and Hochheimer", + "page": 974 + }, + { + "level": 3, + "title": "Davis and Thiel", + "page": 974 + }, + { + "level": 3, + "title": "Maxwell", + "page": 975 + }, + { + "level": 3, + "title": "Comparing Methods of Calculation across Selected Markets", + "page": 976 + }, + { + "level": 3, + "title": "Comparing the Five Strategies", + "page": 983 + }, + { + "level": 3, + "title": "Crossover Strategy", + "page": 984 + }, + { + "level": 3, + "title": "More on Comparing Strategies and Markets", + "page": 987 + }, + { + "level": 2, + "title": "PRICE SHOCKS", + "page": 990 + }, + { + "level": 3, + "title": "Misinterpreting the Past", + "page": 990 + }, + { + "level": 2, + "title": "ANATOMY OF AN OPTIMIZATION", + "page": 992 + }, + { + "level": 2, + "title": "SUMMARIZING ROBUSTNESS", + "page": 996 + }, + { + "level": 3, + "title": "A Final Comment on Testing", + "page": 1001 + }, + { + "level": 1, + "title": "CHAPTER 22 Practical Considerations", + "page": 1003 + }, + { + "level": 2, + "title": "USE AND ABUSE OF THE COMPUTER", + "page": 1004 + }, + { + "level": 3, + "title": "Acquiring Data", + "page": 1005 + }, + { + "level": 3, + "title": "Combining Standard Techniques into a System", + "page": 1006 + }, + { + "level": 3, + "title": "Programming a New Idea", + "page": 1007 + }, + { + "level": 3, + "title": "Too Much Power", + "page": 1007 + }, + { + "level": 3, + "title": "Looking into the Past", + "page": 1008 + }, + { + "level": 3, + "title": "Paper Trading", + "page": 1008 + }, + { + "level": 3, + "title": "It Should Work, but It Doesn’t", + "page": 1008 + }, + { + "level": 3, + "title": "Vertical or Integrated Solutions", + "page": 1009 + }, + { + "level": 3, + "title": "Taking Control", + "page": 1012 + }, + { + "level": 2, + "title": "EXTREME EVENTS", + "page": 1012 + }, + { + "level": 3, + "title": "Money Moves the Markets", + "page": 1012 + }, + { + "level": 3, + "title": "Fooling Yourself with Hindsight", + "page": 1013 + }, + { + "level": 3, + "title": "Identifying Price Shocks", + "page": 1017 + }, + { + "level": 3, + "title": "Crisis Management", + "page": 1017 + }, + { + "level": 2, + "title": "GAMBLING TECHNIQUES—THE THEORY OF RUNS", + "page": 1020 + }, + { + "level": 3, + "title": "Martingales and Anti-Martingales", + "page": 1021 + }, + { + "level": 3, + "title": "Anti-Martingales", + "page": 1023 + }, + { + "level": 3, + "title": "The Theory of Runs Applied to Trading", + "page": 1024 + }, + { + "level": 3, + "title": "Fractional Martingales", + "page": 1030 + }, + { + "level": 2, + "title": "SELECTIVE TRADING", + "page": 1031 + }, + { + "level": 3, + "title": "Filtering Out the Losing Trades", + "page": 1031 + }, + { + "level": 2, + "title": "SYSTEM TRADE-OFFS", + "page": 1032 + }, + { + "level": 3, + "title": "Trend-Following Systems", + "page": 1032 + }, + { + "level": 3, + "title": "Mean-Reverting Systems", + "page": 1033 + }, + { + "level": 3, + "title": "Trade-Offs", + "page": 1034 + }, + { + "level": 3, + "title": "The Commodex Method of Combining Elements", + "page": 1035 + }, + { + "level": 3, + "title": "Combining Trends and Trading Ranges", + "page": 1036 + }, + { + "level": 2, + "title": "TRADING LIMITS AND DISCONNECTED MARKETS", + "page": 1038 + }, + { + "level": 3, + "title": "Effects of Limits on Trading Systems", + "page": 1038 + }, + { + "level": 3, + "title": "Similar to Price Shocks", + "page": 1040 + }, + { + "level": 2, + "title": "SILVER AND NASDAQ—TOO GOOD TO BE TRUE", + "page": 1040 + }, + { + "level": 2, + "title": "SIMILARITY OF SYSTEMATIC TRADING SIGNALS", + "page": 1041 + }, + { + "level": 3, + "title": "Comparison of Moving Average Systems", + "page": 1043 + }, + { + "level": 3, + "title": "Similarity of Long-Term Performance", + "page": 1045 + }, + { + "level": 3, + "title": "High Correlation at the Best and Worst Times", + "page": 1046 + }, + { + "level": 1, + "title": "CHAPTER 23 Risk Control", + "page": 1047 + }, + { + "level": 2, + "title": "MISTAKING LUCK FOR SKILL", + "page": 1047 + }, + { + "level": 2, + "title": "RISK AVERSION", + "page": 1048 + }, + { + "level": 3, + "title": "Risk Preference", + "page": 1050 + }, + { + "level": 3, + "title": "The Efficient Frontier", + "page": 1050 + }, + { + "level": 3, + "title": "Common Sense Management of Risk", + "page": 1052 + }, + { + "level": 2, + "title": "LIQUIDITY", + "page": 1053 + }, + { + "level": 2, + "title": "MEASURING RETURN AND RISK", + "page": 1054 + }, + { + "level": 3, + "title": "Risk Characteristics of a Trading Model", + "page": 1054 + }, + { + "level": 3, + "title": "The Sharpe Ratio and Information Ratio", + "page": 1055 + }, + { + "level": 3, + "title": "Average Maximum Retracement", + "page": 1056 + }, + { + "level": 3, + "title": "Largest Loss and the Calmar Ratio", + "page": 1057 + }, + { + "level": 3, + "title": "Sortino Ratio", + "page": 1058 + }, + { + "level": 3, + "title": "Ulcer Index", + "page": 1058 + }, + { + "level": 3, + "title": "Potential Risk", + "page": 1059 + }, + { + "level": 3, + "title": "Risk Characteristics of Systems", + "page": 1065 + }, + { + "level": 3, + "title": "It’s Not the Markets, It’s the Money", + "page": 1066 + }, + { + "level": 2, + "title": "LEVERAGE", + "page": 1066 + }, + { + "level": 3, + "title": "Reserves and Targeted Risk Levels", + "page": 1068 + }, + { + "level": 2, + "title": "LEVERAGE BASED ON EXPOSURE", + "page": 1069 + }, + { + "level": 2, + "title": "INDIVIDUAL TRADE RISK", + "page": 1070 + }, + { + "level": 3, + "title": "Position Sizing", + "page": 1070 + }, + { + "level": 3, + "title": "Initial Position Risk", + "page": 1074 + }, + { + "level": 3, + "title": "Stop-Losses", + "page": 1074 + }, + { + "level": 2, + "title": "KAUFMAN ON STOPS AND PROFIT-TAKING", + "page": 1079 + }, + { + "level": 3, + "title": "Managing Risk without Stops", + "page": 1081 + }, + { + "level": 2, + "title": "RANKING OF MARKETS FOR SELECTION", + "page": 1082 + }, + { + "level": 3, + "title": "Commodity Selection Index", + "page": 1083 + }, + { + "level": 3, + "title": "Directional Movement", + "page": 1083 + }, + { + "level": 3, + "title": "Retesting Directional Movement", + "page": 1087 + }, + { + "level": 3, + "title": "Ranking Trends Using Prices", + "page": 1089 + }, + { + "level": 3, + "title": "Kaufman’s Strategy Selection Indicator", + "page": 1090 + }, + { + "level": 2, + "title": "PROBABILITY OF SUCCESS AND RUIN", + "page": 1092 + }, + { + "level": 3, + "title": "Wins Not Equal to Losses", + "page": 1093 + }, + { + "level": 2, + "title": "ENTERING A POSITION", + "page": 1096 + }, + { + "level": 3, + "title": "Averaging into a Position", + "page": 1096 + }, + { + "level": 3, + "title": "Waiting for a Better Price", + "page": 1098 + }, + { + "level": 3, + "title": "Using Timing for a Better Price", + "page": 1100 + }, + { + "level": 2, + "title": "COMPOUNDING A POSITION", + "page": 1100 + }, + { + "level": 3, + "title": "Adding on Profits", + "page": 1102 + }, + { + "level": 3, + "title": "Averaging Down", + "page": 1104 + }, + { + "level": 2, + "title": "EQUITY TRENDS", + "page": 1105 + }, + { + "level": 3, + "title": "Trading on Equity Trends", + "page": 1106 + }, + { + "level": 2, + "title": "INVESTING AND REINVESTING: OPTIMAL f", + "page": 1108 + }, + { + "level": 3, + "title": "Risk Assessment", + "page": 1108 + }, + { + "level": 3, + "title": "Finding Optimal f", + "page": 1109 + }, + { + "level": 3, + "title": "Observations of Optimal f", + "page": 1111 + }, + { + "level": 2, + "title": "COMPARING EXPECTED AND ACTUAL RESULTS", + "page": 1112 + }, + { + "level": 3, + "title": "Binomial Probability", + "page": 1112 + }, + { + "level": 3, + "title": "χ2—Chi-Square Test", + "page": 1114 + }, + { + "level": 1, + "title": "CHAPTER 24 Diversification and Portfolio Allocation", + "page": 1119 + }, + { + "level": 2, + "title": "DIVERSIFICATION", + "page": 1120 + }, + { + "level": 3, + "title": "Selecting Individual Assets from Unrelated Groups", + "page": 1121 + }, + { + "level": 2, + "title": "CHANGING CORRELATIONS", + "page": 1125 + }, + { + "level": 2, + "title": "TYPES OF PORTFOLIO MODELS", + "page": 1125 + }, + { + "level": 3, + "title": "Equal-Dollar Weighting", + "page": 1127 + }, + { + "level": 3, + "title": "Equal-Risk Weighting", + "page": 1127 + }, + { + "level": 3, + "title": "Alpha-Driven Weighting", + "page": 1127 + }, + { + "level": 3, + "title": "Decision-Tree Models", + "page": 1127 + }, + { + "level": 2, + "title": "CLASSIC PORTFOLIO ALLOCATION CALCULATIONS", + "page": 1127 + }, + { + "level": 3, + "title": "Spreadsheet Approach", + "page": 1129 + }, + { + "level": 2, + "title": "FINDING OPTIMAL PORTFOLIO ALLOCATION USING EXCEL’S SOLVER", + "page": 1129 + }, + { + "level": 3, + "title": "Solver Settings", + "page": 1131 + }, + { + "level": 2, + "title": "KAUFMAN’S GENETIC ALGORITHM SOLUTION TO PORTFOLIO ALLOCATION (GASP)", + "page": 1134 + }, + { + "level": 3, + "title": "Modern Portfolio Theory", + "page": 1135 + }, + { + "level": 3, + "title": "A Special Case for Active Trading", + "page": 1135 + }, + { + "level": 3, + "title": "The Objective Function and Target Risk Level", + "page": 1137 + }, + { + "level": 3, + "title": "The Optimal Portfolio", + "page": 1139 + }, + { + "level": 3, + "title": "Portfolio Constraints", + "page": 1140 + }, + { + "level": 3, + "title": "Constraining Diversification", + "page": 1140 + }, + { + "level": 3, + "title": "The Genetic Algorithm Solution", + "page": 1141 + }, + { + "level": 3, + "title": "Initializing the Pool", + "page": 1142 + }, + { + "level": 3, + "title": "Evaluating Each String in the Pool", + "page": 1145 + }, + { + "level": 3, + "title": "Test for Completion", + "page": 1146 + }, + { + "level": 3, + "title": "Propagation", + "page": 1147 + }, + { + "level": 3, + "title": "Propagation of the Best Results", + "page": 1148 + }, + { + "level": 3, + "title": "Mating Parents to Create Offspring", + "page": 1149 + }, + { + "level": 3, + "title": "Mutating: Introducing New Genes into the Pool", + "page": 1151 + }, + { + "level": 3, + "title": "Continue with the Evaluation Step", + "page": 1151 + }, + { + "level": 3, + "title": "Optimal Subsets", + "page": 1151 + }, + { + "level": 3, + "title": "Is It the Best Portfolio?", + "page": 1153 + }, + { + "level": 3, + "title": "An Example of a GASP Solution", + "page": 1154 + }, + { + "level": 3, + "title": "Test Interval for Portfolio Allocation", + "page": 1161 + }, + { + "level": 3, + "title": "VOLATILITY STABILIZATION", + "page": 1162 + }, + { + "level": 3, + "title": "Switching Costs", + "page": 1164 + }, + { + "level": 3, + "title": "Capping Exposure", + "page": 1164 + }, + { + "level": 1, + "title": "APPENDIX 1 Statistical Tables", + "page": 1167 + }, + { + "level": 1, + "title": "APPENDIX 2 Matrix Solution to", + "page": 1171 + }, + { + "level": 1, + "title": "APPENDIX 3 Trigonometric", + "page": 1181 + }, + { + "level": 1, + "title": "Bibliography", + "page": 1195 + }, + { + "level": 1, + "title": "About the Companion Website", + "page": 1211 + }, + { + "level": 1, + "title": "Index", + "page": 1213 + } + ] + 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