Developed by John Bollinger, Bollinger Bands allows users to compare volatility and relative price levels over a period time. Bollinger Bands are envelopes which surround the price bars on a chart. They are plotted two standard deviations away from a simple moving average. Because standard deviation is a measure of volatility, the bands adjust themselves […]
I recent wrote a foreword for a book that I think is one of the top five trading books ever written. It’s Curtis Faith’s new book, Way of the Turtle. Curtis was one of the more successful traders in Richard Dennis’ experiment to see if he could train good traders. And since I was part […]
You may have read fluff books, tried momentum chat rooms, attended expensive but minimally useful seminars, and found they didn’t help you trade better in actual trading situations. We’re differen…..
Carl C Gaither was bom in 1944 in San Antonio, Texas. He has conducted research work for the Texas Department of Corrections and for the Louisiana Department of Corrections. Additionally he has worked as an Operations Research Analyst for the past ten years. He received his undergraduate degree (Psychology) from the University of Hawaii and […]
This is a book about designing, testing, and implementing trading sys-tems for the futures and equities markets. The book begins by develop-ing trading systems and ends by defining a system for trading. It focuses exclusively on trading systems. Hence, I have assumed that the reader has at least a working knowledge of technical analysis and […]
In Come Into My Trading Room, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M’s (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader’s money, time, and strategy, Dr. Elder takes readers from the fundamentals […]
The DOW came down 791 points (6.45%) last week,Straits Times Index plunged 112.23(3.61%) on Friday, it was not a pretty sight.The question on everybody’s mind is how low can it go? The answer is much lower.The Dow closed at 11,450 points on Friday, but in March 2009,it was as low at 6,626 points, almost half […]
This paper develops a framework to nonparametrically test whether discretevalued irregularly-spaced financial transactions data follow a Markov process. For that purpose, we consider a specific optional sampling in which a continuous-time Markov process is observed only when it crosses some discrete level. This framework is convenient for it accommodates not only the irregular spacing of […]