How
to identify future price trends and turning points with never-before precision
This
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.
Building
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.
Brian
Millard reveals how you can identify securities with predictable cycles — securities which spell big trading profits:
-
How
to estimate the stability of trend positions.
-
How
to draw probability boundaries for price positions.
-
How
to deduce the core probability of any given price trend.
-
How
to understand the various forms of risk at play in the markets.
-
How
to simulate future price movements.
The
book presents numerous other valuable insights on the best new ways to read
cycles, evaluate trends, plot moving averages and anticipate turning points.
Brian
Millard's renowned technical expertise and mathematical insight, meticulously
documented methodology, and numerous examples at every step of the process make
this an
exceptionally lucid and insightful book for technical analysts and traders.