More than $2 trillion is traded in the foreign exchange every
day, and many experts believe this figure will double in the next
five years. Fortunately for spot currency traders, the high-volume
periods in this market are predictably moved by information
released from government and informational agencies, typically on
Wednesdays and Fridays at 8:30 a.m. Knowing this gives the Forex
trader tremendous analytical advantage, and in "Forex Shockwave
Analysis," veteran online spot currency trader James Bickford
offers reliable techniques and know-how to capitalize on the
violent disruptions that happen at these times.
When a severe breakout up or down occurs in an otherwise
well-behaved time series, it's called a shockwave, and "Forex
Shockwave Analysis" offers unprecedented focus on identifying,
analyzing, and categorizing this unique pattern in the foreign
exchange market. It not only helps independent investors isolate
and recognize recurring shockwave personality traits, but it also
gives insight into the reactive phase immediately following the
shockwave. Fundamental analysis is covered to provide complete
coverage, but playing this market's action can be most highly
profitable when the streaming data available today is used to
reveal critical properties and characteristics about the underlying
currency pair. This book equips you with the four most important
methods of technical analysis: Pattern recognition Econometric
models Crossover trading systems Wave theory
"Forex Shockwave Analysis" is packed with practical information
for mastering shockwave trading, including a refined minimum
reversal algorithm that converts raw security data (OHLC quotes) to
swing data, numerous charts and diagnoses based on activity, range,
and interaction, as well as fifteen case studies demonstrating how
covered material works in the real world. This highly visual book
is also outstandingly designed to serve as a computer-side
reference that equips you with eleven appendices filled with all
the tools you need to gain a distinct advantage while working
online in your currency trading platform.
Shockwaves occur over the course of a few minutes, and with
"Forex Shockwave Analysis," you can effectively profit off them for
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