Dynamic-Trading-by-Robert-Miner
>> Wednesday, January 7, 2009
Dynamic Price Projection Techniques and how to project, well in advance, the specific price zones for support, resistance and trend termination.
Dynamic Time Projection techniques including Projected Turning Point Periods, Time Rhythm Zone and Trend Vibration projections, which allow you to project days and weeks in advance the specific time zones for trend reversal.
Elliott Wave Made Practical. Quickly determine if a market is in a trend or counter-trend position.
Low-risk and low-capital exposure trade entry strategies including trend-reversal and trend-continuation entry and stop-loss techniques.
How to develop and stick to a trading plan.
How to maintain a structured, patient and disciplined approach to technical analysis and trading strategies.
Dynamic Trading is perhaps the best work available on the use of Elliott Wave and Gann approaches. Not only are the layout and examples clear and easy to follow, but their real-world application is extensively covered. Robert Miner has produced a seminal work in the practical use of Elliott Wave -- no easy task.
This is a huge binder-sized book, packed with so much information it's a bit daunting at first. But it's worth the work, as it is one of the best books around for people who want to learn the art and science of trading in a disciplined fashion. Miner focuses his teachings on ideas developed by Gann and Elliot having to do with dynamic ratios and patterns in financial markets. Thus there is a lot here about Elliot wave analysis and Fibonacci ratios. However, he tempers these academic theories with a heavy dose of common sense practicality, which makes them much more usable for traders. The book begins with chapters on analyzing chart patterns using Elliot wave principles, dynamic price analysis, and dynamic time analysis. The remaining chapters focus on how to use this information in everyday trading. In reading these final chapters I realized areas in my own trading that could use improvement-compared to Miner's rigorous method, mine has been a bit sloppy.
Robert Miner is not only an expert in his field, he is also obviously an experienced teacher who knows how to present information in the proper steps for maximum learning. He has a very interesting mind-he's one of those rare people who has a metaphysician's visionary propensities coupled with a very down-to-earth common sense and dry wit. Thus the book, though at times difficult, is never dry or pedestrian.
Robert focuses his books on the three critical aspects a trader has to consider: time, price and pattern and for each of them, the book provides PRACTICAL, sound techniques that once mastered can truly give your trading habits a quantum leap.
The pattern section focuses on practical application of Elliott wave theory, here not meant to describe evey market condition, but just to understand if a market is trending or counter-trending. This is in my opinion a great achievement, having read numerous non-sense books on Elliott.
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