to identify future price trends and turning points with never-before precision
ground-breaking book reveals how you can identify potential future trends and
turning points in equity prices with great precision by identifying and
analysing the stable cycles present in price data.
on the work of the legendary J. M. Hurst, this book shows how you can use cycles
in an innovative, new way by combining the three techniques of cycle analysis,
channel analysis and probability analysis. Used together, these techniques
ensure both a higher probability of trading success and better risk control —
with greater precision than ever before.
How trading securities with predictable cycles lead to profits
While technical analysts generally believe that virtually all securities
can be analysed for future price movement, this book reveals the startling fact
that in actual practice only about 10% of the securities have stable cycles at
any time. These 10% securities are therefore the ones where future price trends
and turning points can be predicted with far greater certainty.
Millard reveals how you can identify securities with predictable cycles — securities which spell big trading profits:
to estimate the stability of trend positions.
to draw probability boundaries for price positions.
to deduce the core probability of any given price trend.
to understand the various forms of risk at play in the markets.
to simulate future price movements.
book presents numerous other valuable insights on the best new ways to read
cycles, evaluate trends, plot moving averages and anticipate turning points.
Millard's renowned technical expertise and mathematical insight, meticulously
documented methodology, and numerous examples at every step of the process make
exceptionally lucid and insightful book for technical analysts and traders.