Dynamic-Trading-by-Robert-Miner

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.

Download:

Read more...

DeMark-On-Day-Trading-Options

This book is the option day trading blueprint you've been waiting for.


This book, which is prefaced and praised by Lawrence G. McMillan, who is himself quite an authority on options, is neither an introduction to options, nor is it a technical guide or text covering the topic. An introduction would not offer advanced indicators and concepts, which this book does, and a technical guide could not be read by a person who hasn't any previous knowledge of options, but this book can.

The first chapters of this book are for the reader who has never heard of an option before. Then the book moves to subject matter that is useful to all readers, and it finally ends with advanced methodology which is in easily understood, non-technical terms, and is available for the savvy option trader and the novice, who by simply reading this book has become just one notch down from the savvy investor.

DeMark’s business is technical trading strategies and indicators. When asked to summarize his techniques, DeMark quickly responds, “They’re all original, all mechanical and all objective.” These are the attributes on which DeMark hangs his hat, a response to what he has always believed was an unhealthy level of subjectivity and redundancy in much of the technical analysis world.

His inclination toward mechanical indicators and trading strategies is rooted partly in his own personality and partly in the unique trajectory of his career, which began on the institutional side of the business and broadened to reach the retail trading community, spanning equities, futures, interest rates, currencies and options. His three books, The New Science of Technical Analysis (John Wiley & Sons, 1994), New Market Timing Techniques (John Wiley & Sons, 1997) and DeMark on Day Trading Options (McGraw-Hill, 1999 — written with his son, Tom Jr.) are trading industry bestsellers. His indicators and techniques have continued to work their way into the mainstream, thanks to their presence on a number of popular trading platforms and networks — most recently Bloomberg, which added his tools in May of this year.

Although DeMark may not be a household name to the generation of traders who popped up online in the last few years, he’s been a major influence in the technical trading community, often behind the scenes, for quite a while.

DeMark started trading stocks in the late 1960s while still in college, DeMark’s first investment job in 1971 with Milwaukee-based NN Investment Services (NNIS) set the tone for his career. DeMark started out as a fundamental analyst at the company before becoming, almost by default, the company’s primary technical market timer. DeMark essentially found himself in the fortuitous position of working at a major investment firm that encouraged him to do the unthinkable: research and develop develop technical timing models.

DeMark’s discoveries brought him to two important conclusions: Much of technical analysis was useless, and almost all of it was subjective. DeMark’s mandate at NNIS was to find objective timing techniques that identified exhaustion points, and which could be applied tomorrow the same way they were yesterday. He decided the way to go was to develop his own ideas based on first-hand analysis of the markets.

In 1987, DeMark joined Paul Tudor Jones as executive vice president and head of system testing and market timing. Among the traders he worked with was Peter Borish, now head of Computer Trading Corp., with whom he set up a subsidiary company called Tudor Systems. Since then, DeMark has traded and advised numerous clients, including Omega Advisors and Cohen, whom he joined as a consultant and partner in the fund.

Download:

Read more...

Day-Trading-With-Short-Term-Price-P

This author is one of the few that have touched upon one of the most fundamental and universal properties of almost any market. Whether your games is futures or equities, look at any chart and you will see periods of little price activity alternating with periods of greater price movement. This is the crux of this book.

Markets invariably move from stages of expansion, to contraction, and back to expansion, etc. Several other price patterns and technical analysis approaches are tested as well. However, after reading this book, you will no longer be one of those who try to "get in" on a runaway bull or bear market - only to have it turn right around on you as if it knew you were coming, but rather, you will be one of the ones who are ready when an otherwise "dead" market takes everyone else by surprise.

The main ideas in the book have to do with expansion and contraction in volatility and moves off the open (Opening Range Breakouts).

Toby is a successful hedge fund manager, having worked for Victor Niederhoffer before starting his own company. Toby's returns are good, but his risk management is far better. Toby's funds have grown primarily due to his excellent risk management skills as opposed to his returns. In layman's terms this means that he hardly ever loses money but he doesn't make much for his clients. This is actually fairly unique and he should be commended for finding this niche in the business.

Well, Crabel certainly did a good job of gathering statistics from many years of commodities data prior to 1990 and presenting it in this book.

Basically, the premise of the book is that there is a better than even probability of a trend day occurring after certain narrow range or inside days. A trend day is one where the price continues in one direction off the open and closes in that area. Narrow range is basically a contraction, so he is saying that "breakouts" or "expansion" is likely to occur after contraction. This is a 50-65% chance based on his examination of data from commodities prior to 1990.

At first glance, anything above 50% would appear to be a profitable opportunity. But this does not take into consideration sampling bias (see below.) Also Crabel mentions this does not take into consideration commissions and slippage. So any true trading potential would need to minimize the fees to a small portion of the 50-65% profit margin. An improvement on this book would be the inclusion of a real market study with fees.

Results including around 50% probabilities sometimes indicate random behavior. This includes even apparent non random probability (a "consistent" 65%) due to sampling bias. A comparitive study with today's markets would need to be done to determine whether the 50-65% results are still valid. There may have been certain market biases in his sampling period that no longer exist.

So in order to determine whether this book presents a useful trading system, the above two studies would need to be completed. Assuming favorable results of the studies, this would be a day trading system that would work as the number of iterations increases (ie the number of trades.) So probably best suited to automated, computer trading, rather than manual trading.

Price: from $425.00, collectible: start from $1,298.99

Download:

Read more...