Forex Wave Theory - A Technical Analysis for Spot and Futures Curency Traders

Description

Discover a New Approach to Analyzing Price Fluctuations in the Foreign Exchange Market Forex Wave Theory provides spot currency speculators and commodity futures traders with an innovative new approach to analyzing price fluctuations in the foreign exchange. Written by Jim Bickford, a successful veteran online spot currency trader, this expert financial tool explains the four most significant categories within technical analysis_pattern recognition, econometric models, crossover trading systems, and wave theory_and includes critical definitions of technical terms. Forex Wave Theory examines in detail different length cycles of two through six waves, with special emphasis on their predictive reliability. The book also converts raw security data (OHLC quotes) to swing data through the application of a refined minimum reversal algorithm. Based on solid mathematical and statistical models, Forex Wave Theory is a highly visual resource that uses over 200 images to explore: Currency Markets_ Spot Currencies; Currency Futures Technical Analysis_ Pattern Recognition; Econometric Models; Crossover Trading Systems; Wave Theory Reversal Charts_Point & Figure Charts; Renko Charts; Swing Charts Brief History of Wave Theory_ Origin of Wave Theory; Gann Angles; Kondratiev Wave; Elliott Wave Theory; Gartley Patterns; Goodman Swing Count System Two-Wave Cycles_Two-Wave Cycle Properties; Enhancing the Forecast Three-Wave Cycles_Basic Three-Wave Cycle Types; Forecasting the Third Wave Four-Wave Cycles_Multi-Wave Cycle Names; Four-Wave Cycle Properties Five-Wave Cycles_Properties; Forecasting the Fifth Wave Six-Wave Cycles_Properties; Forecasting the Sixth Wave; Double-Wave Forecasting Advanced Topics_Data Operations; Swing Operations This on-target reference also features instructive case studies of the author's unique method, together with a wide range of important supplemental information covering ISO currency pairs, exchange rates, global banking hours, basic three-wave cycles, and related resources. A vital tool for success in the currency market, Forex Wave Theory gives traders a powerful new method for analyzing fluctuations in the foreign exchange markets_and accurately determining market waves. Contents......Page 7 List of Figures and Tables......Page 11 Acknowledgment......Page 17 Introduction......Page 19 Part 1. Currency Markets......Page 23 1. Spot Currencies......Page 25 2. Currency Futures......Page 31 Part 2. Technical Analysis......Page 35 3. Pattern Recognition......Page 37 4. Econometric Models......Page 45 5. Crossover Trading Systems......Page 49 6. Wave Theory......Page 59 Part 3. Reversal Charts......Page 61 7. Point and Figure Charts......Page 63 8. Renko Charts......Page 67 9. Swing Charts......Page 71 Part 4. Brief History of Wave Theory......Page 81 10. Origins of Wave Theory......Page 83 11. Gann Angles......Page 91 12. Kondratiev Wave......Page 97 13. Elliott Wave Theory......Page 101 14. Gartley Patterns......Page 111 15. Goodman Swing Count System......Page 117 Part 5. Two-Wave Cycles......Page 125 16. Properties of Two-Wave Cycles......Page 127 17. Enhancing the Forecast......Page 131 Part 6. Three-Wave Cycles......Page 135 18. Basic Types of Three-Wave Cycles......Page 137 19. Forecasting the Third Wave......Page 145 Part 7. Four-Wave Cycles......Page 149 20. Names of Multiwave Cycles......Page 151 21. Properties of Four-Wave Cycles......Page 155 Part 8. Five-Wave Cycles......Page 159 22. Properties of Five-Wave Cycles......Page 161 23. Forecasting the Fifth Wave......Page 165 Part 9. Six-Wave Cycles......Page 171 24. Properties of Six-Wave Cycles......Page 173 25. Forecasting the Sixth Wave......Page 175 26. Double-Wave Forecasting......Page 181 Part 10. Advanced Topics......Page 185 27. Data Operations......Page 187 28. Swing Operations......Page 195 29. Practical Studies......Page 203 Appendices......Page 211 A. ISO Currencies Pairs......Page 213 B. Exchange Rates......Page 219 C. Global Banking Hours......Page 223 D. Basic Three-Wave Cycles......Page 225 E. Resources......Page 227 C......Page 235 G......Page 236 P......Page 237 T......Page 238 W......Page 239