{"title":"Volume 4 Articles","description":"\u003cp\u003eBrowse Volume 4 articles by issue:\u003c\/p\u003e\u003cdiv style=\"display:flex;flex-wrap:wrap;gap:12px;\"\u003e\n\u003ca href=\"\/collections\/volume-4-articles\/issue-01?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 1 January\/February 1986\u003c\/a\u003e\u003ca href=\"\/collections\/volume-4-articles\/issue-02?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 2 March 1986\u003c\/a\u003e\u003ca href=\"\/collections\/volume-4-articles\/issue-03?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 3 April 1986\u003c\/a\u003e\u003ca href=\"\/collections\/volume-4-articles\/issue-04?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 4 May\/June 1986\u003c\/a\u003e\u003ca href=\"\/collections\/volume-4-articles\/issue-05?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 5 July 1986\u003c\/a\u003e\u003ca href=\"\/collections\/volume-4-articles\/issue-06?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 6 August\/September 1986\u003c\/a\u003e\u003ca href=\"\/collections\/volume-4-articles\/issue-07?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 7 October 1986\u003c\/a\u003e\u003ca href=\"\/collections\/volume-4-articles\/issue-08?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 8 November 1986\u003c\/a\u003e\u003ca href=\"\/collections\/volume-4-articles\/issue-09?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 9 December 1986\u003c\/a\u003e\n\u003c\/div\u003e\n\n\n\n\n\n\n","products":[{"product_id":"v04-c01-char-pdf","title":"V.4:1 (40-42): Charting the universe of funds by Technical Analysis, Inc.","description":"Charting the universe of funds by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eFUNDGRAF\nParsons Software\n118 Woodshire Drive\nParkersburg, West Virginia, 26101 (304) 424-5191\nPrice: $100\nComputer: IBM PC and compatibles\u003cbr\u003e\u003cbr\u003eSo wide-spread is today's speculative impulse that \"playing\" the markets has spread to that bastion of\nconservative diversification, the mutual funds. Those who wouldn't dream of shorting an individual issue\ndon't hesitate to try picking tops and bottoms in the Magellan Fund. Naturally, for those folks, there is\nsoftware support available and FUNDGRAF is part of this genera: a program to chart prices and compare\nperformances of the vast universe of fundsand do it for around $100.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133760663921,"sku":"\\V04\\C01\\CHAR.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_d67aea1e-bc2e-4c3d-bd4d-6465ea6e19f6.jpg?v=1739651633"},{"product_id":"v04-c01-chris-pdf","title":"V.4:1 (36-39): A CHRISTMAS STORY by Ron Jaenisch","description":"A CHRISTMAS STORY by Ron Jaenisch\u003cbr\u003e\u003cbr\u003eJaenisch, a student of Professor Allen Andrews, reviews some of the Andrews Median Line and pivot point techniques in a whimsical story about trading Santa's account.\u003cbr\u003e\u003cbr\u003eIt was September 15, 1984 and time was getting short. Usually by the middle of September all the raw\nmaterials and supplies had been purchased and over 80 percent of the toys assembled. This year Santa\nknew he was in deep trouble. He needed one million dollars and only had $100,000. He looked at his\nproduction schedule and surmised that he could somehow make all the toys needed for Christmas if he\nhad the cash by November 10th.\u003cbr\u003e\u003cbr\u003eAs he was going through his mail, he noticed that there was an investment seminar in Los Angeles the\nnext day, so he got into his sleigh and took off for L.A. Robert Prechter seeing Santa at the door,\ninstructed the ticket takers to let him in at no charge, telling them that Santa was his personal guest.\u003cbr\u003e\u003cbr\u003eRobert took Santa to the dressing rooms where he met all the great advisors. He told them of his\ndilemma. They all shook their heads and told him they couldn't do it. One of them made a joking\ncomment that there was only one man who even believed that it was possible. Santa asked who that was\nand the reply was Professor Allen Andrews in Florida.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133760696689,"sku":"\\V04\\C01\\CHRIS.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_463592a4-53dc-48fe-8860-3eddcb23d241.jpg?v=1739651635"},{"product_id":"v04-c01-does-pdf","title":"V.4:1 (24-25): Does pyramiding make sense? by Fred Cehm","description":"Does pyramiding make sense? by Fred Cehm\u003cbr\u003e\u003cbr\u003eThe leverage obtained through pyramiding can be immense. But is it smart? Gehm examines the pyramiding technique and its possible consequences.\u003cbr\u003e\u003cbr\u003eRecently, well-known traders and trading advisors have argued that pyramiding is one of the most\nimportant if not the most importantmoney management techniques. Stanley Kroll, for example,\nattributes much of this success to pyramiding. \"If done correctly,\" he states, \"it is the trader's best tool for\nbig profits in commodities.\"\u003cbr\u003e\u003cbr\u003eSince Kroll apparently used this technique to turn $180,000 into more than $1 million during a three-year\nperiod, his advice should be taken seriously. Nevertheless, he is not necessarily correct. Is pyramiding of\nvalue?\u003cbr\u003e\u003cbr\u003eTheoretically, an infinite number of ways to pyramid exist. Fortunately, all are variations on the upright\nand inverted pyramids.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133760729457,"sku":"\\V04\\C01\\DOES.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1f8d95e2-101a-4fd0-95c3-52a0b1d8e22b.jpg?v=1739651638"},{"product_id":"v04-c01-last-pdf","title":"V.4:1 (22-23): The last wild ride of the gold bears is upon us by Joseph Holleman","description":"The last wild ride of the gold bears is upon us by Joseph Holleman\u003cbr\u003e\u003cbr\u003eHolleman, a CTA and CPO, offers his opinions on where gold prices may be headed. These predictions demonstrate how positions in the market are developed and show the factors that shape a trader's reasoning about a specific market.\u003cbr\u003e\u003cbr\u003eThe precious metals markets are about to collapse and collapse hard. My indicators are presently\ncalling for a minimum move to $250 on gold and probably all the way down to the $150 level, also\ntaking silver and platinum with it to comparable levels.\u003cbr\u003e\u003cbr\u003eNow, I hope most of you were sitting down when you read that last paragraph. If you weren't, I hope you\ndidn't hurt yourself when you fainted. Just let me say that there. is a \"silver\" (no pun intended) lining in\nthis scenario.\u003cbr\u003e\u003cbr\u003eFirst of all, there are going to be tremendous profits for traders on the short side of this move, which\nshould be underway by November. If you don't short gold until it breaks the $300 level basis in the\nDecember futures, you should still get at least a $40-$50 move on the downside.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133760762225,"sku":"\\V04\\C01\\LAST.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_710d9685-f7f6-4ef9-a80f-f3e4066447a2.jpg?v=1739651640"},{"product_id":"v04-c01-mut-pdf","title":"V.4:1 (18-21): Mutual funds by Bill Dunbar","description":"Mutual funds by Bill Dunbar\u003cbr\u003e\u003cbr\u003eA basic look at mutual funds: who they are for, how to choose one, why and when to switch. Also included are several sources of information to use to get specifics when deciding on a mutual fund.\u003cbr\u003e\u003cbr\u003eIn the past, critics of the Dow Theory have said, why worry about the averagesyou can't invest in the\naverages. Well, you can now, of course, by putting your money into index options or futures. But, with\noptions, the house takes a big bite and you have to guess not only what the market is going to do, but\nalso, within a few months when it is going to do it. That's a pretty tough combination to beat, but there is\na much older and more reliable way to bet on the averages, one in which the odds are more in your\nfavorinvestment companies. Granted, you don't have the leverage, but leverage works both ways, and\nwith just a little bit of work, you can do better than the averages by selecting the best funds or by timely\nswapping.\u003cbr\u003e\u003cbr\u003eInvestment companies can be classified as either open-end or closed-end. Closed-end companies have a\nfixed number of shares and they are traded on the market just like individual stocks at prices determined\nby supply and demand rather than net asset value (the total value of holdings divided by the number of\nshares outstanding). Open-end companies (usually called \"mutual funds\"), on the other hand, issue as\nmany shares as they wish, depending on the amount of investors' money they have to buy securities. The\nmutual funds can then be divided into two categories, those that charge a sales commission (or \"load\")\nand those that don't (no-load funds). Superimposed on that grouping there is a cross-breakdown of\ninnumerable categories by objective, such as capital growth, income, tax-free, or special industry group.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133760827761,"sku":"\\V04\\C01\\MUT.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_f17fd142-2fda-45a6-92c7-22d47b174fcb.jpg?v=1739651642"},{"product_id":"v04-c01-opti-pdf","title":"V.4:1 (26-28): Optimizing RSI with cycles by John F. Ehlers","description":"Optimizing RSI with cycles by John F. Ehlers\u003cbr\u003e\u003cbr\u003eA look at Wilder's Relative Strength Index oscillator and an optimization using cycles. Also included is a BASIC computer program which follows the author's optimization processes.\u003cbr\u003e\u003cbr\u003eAs an engineer I have often been puzzled by some of the terms used by investors. One example is the\nuse of \"oscillators\" to form trading signals. I have always thought that an oscillator was a device that\ngenerated cycles. This caused my initial attraction to such indicators. I quickly learned that a trading\noscillator had nothing to do with cycles.\u003cbr\u003e\u003cbr\u003eUsed in the trading context, an oscillator is the difference in price (or volume or open interest) on two\nseparate days. If we create an oscillator for adjacent days, we have the discrete approximation to the\nderivative of the price function. I won't burden you with the differential calculus here, but the derivative\nof a sine wave (its rate of change, or \"momentum\") is a cosine wave. This is interesting because the phase\nof the cosine wave leads the phase of the sine wave by 90 degrees.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133760893297,"sku":"\\V04\\C01\\OPTI.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_4a54cad7-bc07-4ebc-8b03-9d673db47fc8.jpg?v=1739651644"},{"product_id":"v04-c01-wild-pdf","title":"V.4:1 (9-12): Wilder's back ...by Technical Analysis, Inc.","description":"Wilder's back ...by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eAn in-depth interview with J. Welles Wilder, developer of the popular Relative Strength Index and other technical indicators.\u003cbr\u003e\u003cbr\u003eIt's not often that truly original discoveries are made in technical market analysis. J. Welles Wilder,\nhowever, lays claim to an entire collection of systems that have reshaped contemporary commodities\ntrading and analysis.\u003cbr\u003e\u003cbr\u003eWilder's methods first came to light in 1978 with the publication of his book, New Concepts in Technical\nTrading Systems. The book is required reading among technical traders today, and many of its tools, such\nas the Relative Strength Index, are considered essential.\u003cbr\u003e\u003cbr\u003eIn 1983, Wilder's life took a completely different tack when he met Jim Sloman, a person he describes as\nexceptionally gifted. Sloman had been a stock broker and a commodity trader at one point in his\nprofessional life and introduced Wilder to his fundamental discovery about order in the markets. Sloman\ncalled his discovery Delta, a Greek letter from a word meaning door. Working with Sloman, Wilder\ncomputerized Delta and founded the Delta Society International to share the discovery and ensure its\nperpetuation.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133760926065,"sku":"\\V04\\C01\\WILD.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_477265f7-0167-4d5d-a666-e8d5748597a0.jpg?v=1739651647"},{"product_id":"v04-c01-wyc-pdf","title":"V.4:1 (14-17): The Wyckoff method Trading and Investing in Stocks by Jack K. Hutson","description":"The Wyckoff method Trading and Investing in Stocks by Jack K. Hutson\u003cbr\u003e\u003cbr\u003eThe first in a series of articles which outline the Richard D. Wyckoff method of trading stocks. This method provides a foundation for analyzing the fundamental relationships between the market's primary forces. Through the use of such techniques as volume analysis and studies of vertical line, figure and wave charts, Wyckoff developed a trading method which is still applicable to today's markets.\u003cbr\u003e\u003cbr\u003eRichard Wyckoff's first instruction to students of his stock analysis method published in the 1930s was\nquite simple and specificforget all the decision-making factors you ever used. All you need to know is\nin the table of stock prices and volumes in your daily newspaper.\u003cbr\u003e\u003cbr\u003eWith this back-to-basics approach, Wyckoff promised to show his students \"the real rules of the game\"\nplayed so adroitly by well-heeled investors with enough capital to pack clout in the market.\u003cbr\u003e\u003cbr\u003eAlthough it's hard to imagine anything, especially a stock market technique, remaining viable from the\n1930s to the 1980s, The Richard D. Wyckoff Method of Trading and Investing in Stocks has survived the\ntimes as a classic. Whatever it lacks in glamour and gee-whiz in this computerized age, it makes up by\ngiving its users a solid foundation for analyzing the fundamental relationships among the market's\nprimary forces. In this respect, it's like the pearls and basic black dress in a woman's wardrobe. It can be\nembellished but not antiquated.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133760958833,"sku":"\\V04\\C01\\WYC.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_5eac1d93-8fca-48d9-9fd8-cf1450a6ac9e.jpg?v=1739651649"},{"product_id":"v04-c02-dir-pdf","title":"V.4:2 (64-64): Direc-Tree by John Sweeney","description":"Direc-Tree by John Sweeney\u003cbr\u003e\u003cbr\u003eMicro-Z Company\n4 Santa Bella Road\nP.O. Box 2426\nRolling Hills, California, 90274\n(213) 377-1640\u003cbr\u003e\u003cbr\u003eMicro-Z has enhanced an already handy productDirec-Treeby adding an editor and the ability to\nexecute a large list of programs automatically. This so-called \"shell program\" had previously been\nfavorably reviewed for its ability to convert the impenetrable DOS 2.0+ tree structure to something fairly\nfriendly for the non-tech customer. The newest version is labeled \"3.5.\"\u003cbr\u003e\u003cbr\u003eDirec-Tree makes DOS more livable by presenting the inherent tree structure visually. Next it eliminates\nthe long chain of hierarchical typing that DOS requires by replacing it with highlighted graphics and\nfunction keys. This effectively reduces the typing needed by 70 percent or perhaps more. You can do\neverything you can do in DOS (except FORMAT the hard disk) only far faster and with less confusion\nabout where you are in DOS.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133760991601,"sku":"\\V04\\C02\\DIR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_604eae67-9c21-4983-b0aa-40fbffdad0d9.jpg?v=1739651651"},{"product_id":"v04-c02-dis-pdf","title":"V.4:2 (57-59): Discount Broker Blues part 3 by Dan Weinberg","description":"Discount Broker Blues part 3 by Dan Weinberg\u003cbr\u003e\u003cbr\u003eThe conclusion to Weinberg's experiences as a novice trader learning how to play the game the hard way.\u003cbr\u003e\u003cbr\u003ePURCHASE AND PANIC (PART TWO)\nMerger Mania is another form of Takeover Mania, but my example here is a wee bit different. As with\nStorer Communications, this time I thought I had an absolutely certain winner . . . (Are you starting to\nhear the melody of \"The Discount Broker Blues\" a little more clearly?)\u003cbr\u003e\u003cbr\u003eOn January 31, I bought 100 shares of American Hospital Supply at the relatively low price of 315\/8. The\ncompany manufactures and distributes hospital and laboratory supplies and equipment, and wasand\nstill israted A + by Standard \u0026amp; Poor's. I don't recall where I got the idea to buy the stock, but by this\ntime, I had become more proficient in researching and sizing up the companies I read about on the\nbusiness pages of the newspapers. American Hospital Supply (AHS) has paid a nice 3.7 percent dividend\nand had a relatively low Price-to-Earnings ratio (10), both good signs. In addition, it had chalked up\nsteady annual earnings increases since at least 1980. I felt confident that AHS would help make up for\nsome of my earlier losses.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133761024369,"sku":"\\V04\\C02\\DIS.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_76c55aa1-3abc-4840-b5f3-2d05ff195cc3.jpg?v=1739651654"},{"product_id":"v04-c02-elem-pdf","title":"V.4:2 (70-73): Elements of charting Wyckoff method of trading stocks part 2 by Jack K. Hutson","description":"Elements of charting Wyckoff method of trading stocks part 2 by Jack K. Hutson\u003cbr\u003e\u003cbr\u003eThe second of a series which presents the Richard D. Wyckoff method of trading stocks. In this article, the different types of charts upon which the Wyckoff method is based are examined. Vertical line, figure and wave charts are all essential to the study of the market using Wyckoff's techniques.\u003cbr\u003e\u003cbr\u003eThe two most desirable things to know about the stock market are when the final top of a bull market,\nan intermediate swing, or a minor move occur and when the final bottom of a bear market, an\nintermediate swing, or a minor move comes about.\u003cbr\u003e\u003cbr\u003eLike everything else in stock market analysis, it's easier said than done. That's why the person who can\naccurately interpret charts to determine where the market lies at any given moment holds the key to\nsuccessful trading and investing.\u003cbr\u003e\u003cbr\u003eThe forecasting value of charts is the focus they bring to supply and demand, trading volume and the\nurgency of tradingthe forces lifting and depressing prices. Charts tell an experienced reader whether\nthe market, a group of stocks, or any single stock is likely to advance, decline or stand still.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133761057137,"sku":"\\V04\\C02\\ELEM.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_70953265-1cc5-457a-90c1-128bc8a54608.jpg?v=1739651656"},{"product_id":"v04-c02-mapt-pdf","title":"V.4:2 (81-82): A\"map\" for the trading jungle by Grant D. Noble","description":"A\"map\" for the trading jungle by Grant D. Noble\u003cbr\u003e\u003cbr\u003eMost of the common methods used by traders can be classified under three main theories. Noble outlines these trading methods, then recommends a strategy for choosing those that best fit your trading style. His \"MAP\" allows you to Minimize the time and money you spend, Analyze and compare valid methods, and Personalize what you find to fit your own account.\u003cbr\u003e\u003cbr\u003eThere are thousands of trading methods on the market, but many are worthless and most duplicate\nbetter methods. You need a \"MAP\" to:\u003cbr\u003e\u003cbr\u003e1. Minimize the time and money you spend,\u003cbr\u003e\u003cbr\u003e2. Analyze and compare valid methods,\u003cbr\u003e\u003cbr\u003e3. Personalize what you find to fit your own account.\u003cbr\u003e\u003cbr\u003eThe quickest way to minimize research is to avoid worthless methods in the first place. Study \"track\nrecords.\" Do they contain only low volume futures or futures from a single complex? Is the data bad?\nDoes it contain non-trending as well as trending periods? It's easy to \"optimize\" a \"system\" to fit\ncomputer data.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133761089905,"sku":"\\V04\\C02\\MAPT.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a56bee0b-73ba-4a9c-88e4-be4850287365.jpg?v=1739651659"},{"product_id":"v04-c02-mars-pdf","title":"V.4:2 (60-62): Marshall wave theory by John Sweeney","description":"Marshall wave theory by John Sweeney\u003cbr\u003e\u003cbr\u003eYet another \"wave\" is being added to the futures lexicon: the Marshall Wave. Originated by John\nMarshall (Box 2302, Naples, FL33939 (813) 263-3114. Marshall Wave is a complicated system for\ntrading futures in heavily diversified portfolios of contracts. Results for one 18-commodity portfolio\nactually traded since Christmas 1984 show an initial slow rise followed by a skyrocket rise beginning in\nMarch, 1985\u003cbr\u003e\u003cbr\u003eAs Marshall says, \"Heavy diversification is the key to success in trading commodity markets.\" A\ncompleted Marshall portfolio would have 36 commodities in it when fully invested. Subsequently, the\nportfolio remains fully invested, either long or short in the direction of the Marshall Wave bias, in every\nsingle commodity.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133761122673,"sku":"\\V04\\C02\\MARS.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c25cde66-9d4c-4085-beaa-134c8e9644ef.jpg?v=1739651661"},{"product_id":"v04-c02-opti-pdf","title":"V.4:2 (77-80): Optimizing directional movement with cycles by John F. Ehlers","description":"Optimizing directional movement with cycles by John F. Ehlers\u003cbr\u003e\u003cbr\u003eDirectional Movement, an approach which weighs the daily difference between highs and the difference between lows, can be optimized by applying cycle concepts. Ehlers explains the process and includes a BASIC computer program which features the optimized Directional Trend Indicator.\u003cbr\u003e\u003cbr\u003eDirectional Movement is a technical analysis approach that weighs the daily difference between highs\nand the difference between lows. The principle of this approach is that the larger difference will influence\nthe directional movement of the price. Welles Wilder was so enthusiastic about the approach that he\nbegins Section IV of his book New Concepts in Technical Trading Systems with \"Directional movement\nis the most fascinating concept I have studied.\"\u003cbr\u003e\u003cbr\u003eWhile the approach isn't all that bad, I am a little more reserved in my assessment of it than Mr. Wilder.\nSince I am oriented toward the use of cycles, I immediately question why a 14-day averaging process is\nused not once, but twice in the calculation of his Directional Index. This article approaches Directional\nMovement from the perspective that there is perhaps an adaptive process to improve the indicator.\u003cbr\u003e\u003cbr\u003eIn the sections that follow, we briefly review Directional Movement in its classic form, review a few\nprinciples regarding cycles, and derive an optimized Directional Trend Indicator (DTI) when cycles are\npresent in the data. An interactive computer program listing is given to allow you to experiment with the\nlimitations of the optimized DTI and perhaps apply it to your trading system.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133761155441,"sku":"\\V04\\C02\\OPTI.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_660f8d6d-8218-47ac-86f5-4da9e09dad3c.jpg?v=1739651663"},{"product_id":"v04-c02-prof-pdf","title":"V.4:2 (69-69): ProfitTaker by William Taylor","description":"ProfitTaker by William Taylor\u003cbr\u003e\u003cbr\u003eInvestment Growth Corporation\n1430 West Busch Blvd. Suite 4\nTampa, FL 33612\nLouis B. Mendelsohn, president\n(813) 933-1164\nCost:$595 for the Apple version\n$995 for the Advanced IBM version\nincludes $275 ProfitTuner report\nat no charge\nHardware requirements:\nApple II+, IIe, IIc (48K RAM)\nIBM PC\/XT\/AT or fully\ncompatible 265K RAM\nColor graphics ASCII printer\u003cbr\u003e\u003cbr\u003eProfitTaker is a fully disclosed (to the buyer) trading system using seven technical indicators including\nshort- and long-term oscillators, timing filters and sensitivity bands. What makes ProfitTaker different\nfrom other proprietary trading systems is that it was the first to allow the trader to vary the system's\nparameters to \"optimize\" performance. This is important since different futures contracts behave\ndifferently. Also, unlike many trading systems, ProfitTaker is designed specifically for trading futures\nand as such takes into account the unique factors found only in the futures markets: rollover, lock limit\ndays, high leverage and a fast trading pace. ProfitTaker is both a trading signal generator, indicating when to buy or sell, and an historical testing program, allowing the trader to develop trading models and see\nhow well the contract has performed in the recent past.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133761188209,"sku":"\\V04\\C02\\PROF.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_b5c7b121-aa2a-4703-bc45-c88137718865.jpg?v=1739651666"},{"product_id":"v04-c02-rand-pdf","title":"V.4:2 (50-52): Random walk prices by Clifford J. Sherry, Ph.D.","description":"Random walk prices by Clifford J. Sherry, Ph.D.\u003cbr\u003e\u003cbr\u003eAre your trades based on skill or luck? Sherry's simple \"Skill Score\" will show you how to determine whether your decisions are based on your trading prowess or the luck of the draw.\u003cbr\u003e\u003cbr\u003eA recent article by Tomek and Querin (Journal of Futures Markets 1984) highlights some of the\nquestions that speculators and, particularly, technical analysts have or should have about how commodity\nprices are generated by a random walk process. This means that they believe that price generation is\nrandom and independent.\u003cbr\u003e\u003cbr\u003eA common example of a random and independent process is tossing a fair coin. When you toss a coin in\nthe air, whether it lands heads or tails up is determined randomly. If you were to record the outcome of a\nlarge series of throws, you would expect about a 50-50 distribution of heads and tails. An independent\nprocess means that it does not possess a \"memory\"; that is, if you throw the coin five times and get five\nheads, this has no influence on the outcome of the sixth throw. It is as likely to come up a head or tail as\nthe first throw.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133761253745,"sku":"\\V04\\C02\\RAND.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_bfdc0eb9-8e06-4b9d-903e-7bfc7cd2e0e5.jpg?v=1739651668"},{"product_id":"v04-c02-skill-pdf","title":"V.4:2 (53-53): Skill or luck? by Clifford J Sherry Ph.D.","description":"Skill or luck? by Clifford J Sherry Ph.D.\u003cbr\u003e\u003cbr\u003eDr. Sherry examines the statistical concepts of randomness and independence as they affect prices in the markets. He outlines a method of determining whether or not prices are random and\/or independent by using probability density functions, quantile analysis and chi-square methodology.\u003cbr\u003e\u003cbr\u003eGambling, legal or illegal, whether in a Vegas or Atlantic City casino, a carnival, or the backroom of your\nneighborhood club, is based almost totally on chance or 'luck.' This is especially true of games like Wheel\nof Fortune, roulette, slot machines, and dice games like craps (unless you happen to be a dice 'handler'\nwhich can get you into a lot of trouble). It is probably less true of games like blackjack (Twenty-one),\nwhich lends itself to card counting, or poker. But even these games have a significant luck factor.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133764563313,"sku":"\\V04\\C02\\SKILL.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_457c609b-6123-4c9c-9268-fec74dc98141.jpg?v=1739651671"},{"product_id":"v04-c02-tech-pdf","title":"V.4:2 (65-68): Technical analysis of volume by Howard K. Waxenberg","description":"Technical analysis of volume by Howard K. Waxenberg\u003cbr\u003e\u003cbr\u003eYou don't need a computer for volume studies; the analysis presented here can be done with a calculator and The Wall Street Journal. This article provides an outline of technical tools derived from volume figures which can then be used for analysis to gauge the internal strength or weakness of a market.\u003cbr\u003e\u003cbr\u003eIn my last article I wrote about the technical analysis of the equity markets that could be accomplished\nwithout the aid of a computer or on-line database. In that article I showed an analysis of advance-decline\ndata. This article will continue along a similar theme, but I discuss volume and the technical analysis that\ncan be accomplished using technical tools developed from volume figures.\u003cbr\u003e\u003cbr\u003eVolume analysis is one of the most important tools of technical analysis since volume can give an\nexcellent view of the internal structure of a market, a structure that is often hidden by external price\naction. An analysis of volume can give us a true measure of the amount of buying and selling that is\ntaking place and the energy behind each of these market forces. Also, the old market maxim still holds\ntrue, \"Volume precedes price.\" This is more true today, and somewhat more self-fulfilling, as more and\nmore advisory services make their recommendations based on the internal volume readings for a market\nor stock.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133764596081,"sku":"\\V04\\C02\\TECH.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_bda8f2e0-d02c-47e4-b504-83ac62dcf050.jpg?v=1739651673"},{"product_id":"v04-c02-ulti-pdf","title":"V.4:2 (47-49): An ultimate oscillator program for the HP-41C(V) by Charles F. Johnson","description":"An ultimate oscillator program for the HP-41C(V) by Charles F. Johnson\u003cbr\u003e\u003cbr\u003eJohnson describes the stochastic oscillator program he uses on his Hewlett-Packard HP-41C(V) hand-held calculator.\u003cbr\u003e\u003cbr\u003eRelative strength and related types of indicators have long been used by the investment community to\nreveal potential overbought and oversold levels of price movements. In oscillator form, such indicators\ncan sometimes be helpful in predicting a change in direction of price movement. Divergences between a\nproperly designed oscillator and the price of the stock or commodity may have predictive value at \"tops\"\nand \"bottoms\" of price movements. Obviously, such indicators are not the sole basis for an investment or\ntrading decision.\u003cbr\u003e\u003cbr\u003eIn the August, 1985 issue of Technical Analysis of Stocks \u0026amp; Commodities magazine, Larry Williams\noutlined an \"Ultimate Oscillator.\" (The October, 1985 issue contained an addendum to the method of\ncomputation on page 6 under \"Correction.\") In this article and in the brief note in the October, 1985\nissue, the computation of the oscillator is discussed. This oscillator uses \"buying units\" and \"total\nactivity.\" The change in buying units (BU) in relation to the level of total activity (TA) results in\noverbought (top) or oversold (bottom) conditions.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133764628849,"sku":"\\V04\\C02\\ULTI.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7a035faa-b667-4b3d-aef8-afc63b5d23b1.jpg?v=1739651675"},{"product_id":"v04-c03-det-pdf","title":"V.4:3 (101-104): Detecting a dependent process by Clifford J. Sherry Ph.D.","description":"Detecting a dependent process by Clifford J. Sherry Ph.D.\u003cbr\u003e\u003cbr\u003eIf you know the price of a commodity today, can you predict what the price will be tomorrow? Can you predict whether the price will increase or decrease? Dr. Sherry proposes a statistical method that allows you to determine which prices are random and\/or independent.\u003cbr\u003e\u003cbr\u003eIf you know the price of a commodity today, can you predict what the price will be tomorrow? A week\nfrom tomorrow? A month? Can you predict whether the price will increase or decrease? By how much?\nThe answer to these questions depends on who you ask. Some people, like technical analysts, believe that\nyou can. Others do not.\u003cbr\u003e\u003cbr\u003eOne reason why this question is so difficult to answer is that there is no general agreement about how\ncommodity prices are generated. If the underlying process is random and\/or independent, then you\nprobably cannot 'predict' price movement. But, if this is not true, if it is either non-random and\/or\ndependent, then some 'pattern' exists in commodity prices. With the appropriate tools, you should be able\nto detect the pattern and use this information in your decisions about the market. It is important to realize\nthat randomness and independence are separate and distinct characteristics. For example, it is possible for\na process to be random and dependent, non-random and independent, etc.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133764661617,"sku":"\\V04\\C03\\DET.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_01fd2bf3-9ab7-4f1b-9404-9440a97ec8da.jpg?v=1739651677"},{"product_id":"v04-c03-iomeg-pdf","title":"V.4:3 (123-123): Iomega Corp.'s Bernoulli Box by Jack Hutson","description":"Iomega Corp.'s Bernoulli Box by Jack Hutson\u003cbr\u003e\u003cbr\u003eTo do any practical financial analysis on a computer requires a large historical database of facts and\nfigures including price information such as daily or weekly open, high, low, and close. Using an IBM PC\nor Apple Macintosh microcomputer, analysis of financial data is limited only by one's imagination and\navailable software limitations. To a large extent, the microcomputer, even though a bit slow in some\ncases, is more than adequate for the task.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133764694385,"sku":"\\V04\\C03\\IOMEG.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_39b7ca68-9eb5-4b9e-910d-e484fc971940.jpg?v=1739651680"},{"product_id":"v04-c03-mark-pdf","title":"V.4:3 (106-108): Market trends in composite averages Wyckoff method of trading stocks part 3 by Jack K. Hutson.","description":"Market trends in composite averages Wyckoff method of trading stocks part 3 by Jack K. Hutson.\u003cbr\u003e\u003cbr\u003eBy looking at Vertical Line charts of composite averages using Wyckoff analysis, you can learn where the market is taking your individual and group stock picks. This third part of the Wyckoff Method series shows you clues to pinpointing future market actions.\u003cbr\u003e\u003cbr\u003eNow that you have an overview of the history and philosophy behind the Wyckoff Method and an\noutline of the procedures, let's start digging deeper into the actual techniques. Although we'll be\nconcentrating on the stock market, these techniques are equally valid in the commodities, currencies,\nbond, and precious metals markets.\u003cbr\u003e\u003cbr\u003eBefore you can master the Wyckoff Method, however, you must remember that judgment is the most\nimportant technique. You must use your mind and your experience because there are no fixed and firm\nrules about market behavioronly general guidelines.\u003cbr\u003e\u003cbr\u003eKeep two rules firmly in your mind, and you'll greatly increase your likelihood of success with the\nWyckoff Method. The first rule is this: Don't expect the market to behave exactly the same way twice.\nThe market is an artist, not a computer. It has a repertoire of basic behavior patterns that it subtly\nmodifies, combines, and springs unexpectedly on its audience. A trading market is an entity with a mind\nof its own.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133764727153,"sku":"\\V04\\C03\\MARK.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_10eadd74-0230-4461-9cde-7c797ca0d9f9.jpg?v=1739651682"},{"product_id":"v04-c03-mod-pdf","title":"V.4:3 (111-119): Modeling with pattern recognition decision rules by Ted C. Earle","description":"Modeling with pattern recognition decision rules by Ted C. Earle\u003cbr\u003e\u003cbr\u003eEmpirical decision rules can help you recognize patterns in price actions. Earle provides detailed buy and sell rules along with examples using data on gold price changes over time.\u003cbr\u003e\u003cbr\u003eMost of the interest in using mathematical models in finance and economics involves models based\non hypothetical causal relationships described by quantitative mathematical functions. When these\nmodels work they may reflect substantial understanding of the system being simulated and provide a\nwealth of information about the internal relationships of the various factors included in the model. Many\nof these models have mathematical characteristics which allow them to be solved for optimal results. In\nthe areas of finance and economics, however, the quality of data is often so poor and the complexities of\nthe relationships so difficult to express that such models frequently seem to be unreliable\noversimplifications of the real world.\u003cbr\u003e\u003cbr\u003eAnother scientific tradition, empirical modeling, should then be considered for wider utilization in the\nareas of finance and economics. Empirical models may be of value when the more formal theoretical\nmodels are deemed inadequate because of high uncertainties or an inability to adequately express the\ncomplexities. Empirical models are developed by analyzing experimental data (in the case of finance and\neconomics, historical data).","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133764989297,"sku":"\\V04\\C03\\MOD.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_503d1762-ad0c-47fe-bdb1-96966f70eb38.jpg?v=1739651771"},{"product_id":"v04-c03-per-pdf","title":"V.4:3 (120-122): Personal Computer Hardware IBM Micro computer by Jack K. Hutson","description":"Personal Computer Hardware IBM Micro computer by Jack K. Hutson\u003cbr\u003e\u003cbr\u003ePersonal computers have given stock, option, and commodity traders a new look at financial data. For\nthe uninitiated, choosing a computer system can be an aggravating, time-consuming problem. One way of\ndeciding the type of hardware to purchase is to find out what hardware your software requires. Several\nyears ago, buying hardware to match the software was the only practical technique because there were so\nfew software manufacturers for stock data analysis. Now things have changed. There are dozens, if not\nhundreds, of pieces of software available to run on a menagerie of computer setups.\u003cbr\u003e\u003cbr\u003eWith a very straightforward, unscientific approach, I would like to help narrow down your choices of\nIBM PC hardware. I'll go over Apple and other microcomputers another time. There are some\nrequirements for technical analysis that your IBM PC must sustain to be minimally useful no matter what\nsoftware is used:\u003cbr\u003e\u003cbr\u003e1) It must have a graphics monitor. You must be able to produce charts.\u003cbr\u003e\u003cbr\u003e2) It must have sufficient permanent storage for data such as daily commodity quotes.\u003cbr\u003e\u003cbr\u003e3) It must be capable of running a wide variety of software.\u003cbr\u003e\u003cbr\u003e4) The components should be made by reputable, long-standing companies so that there will be no\nproblems with repairs or replacements.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765022065,"sku":"\\V04\\C03\\PER.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a1be7746-e48c-4832-8a8a-9da94ca68522.jpg?v=1739651774"},{"product_id":"v04-c03-prec-pdf","title":"V.4:3 (89-92): Prechter on the Elliott Wave Theory By Melanie Bowman","description":"Prechter on the Elliott Wave Theory By Melanie Bowman\u003cbr\u003e\u003cbr\u003eThe Elliott Wave Theorist's Robert Prechter discusses his views on Elliott analysis and how he thinks the markets work.\u003cbr\u003e\u003cbr\u003eAt age 36, Robert R. Prechter Jr. is, without a doubt, one of the youngest masters of technical analysis\nand today's foremost expert on the intricate Elliott Wave Principle, a market theory developed in the late\n1930s by Ralph N. Elliott.\u003cbr\u003e\u003cbr\u003ePrechter is most often recognized in technical circles as the editor of The Elliott Wave Theorist, a\nmonthly newsletter forecasting the stock market, interest rates and gold and silver for approximately\n7,000 subscribers, and as publisher of The Elliott Wave Commodity Letter, a similar newsletter covering\nindustrial, agricultural and currency markets. Traders and market timers who follow the U.S. Trading\nChampionships also know him as the 1984 winner of the Options Division, a title won with an\nimpressive 444.4 percent gain in account equity in four months.\u003cbr\u003e\u003cbr\u003eIn this interview with Stocks \u0026amp; Commodities from his Georgia offices, Prechter describes his intriguing\noutlook on market actionan uncommon blend of behavioral sciences and self-taught technical analysis\nwhich he honed to a fine point under the employ of Merrill Lynch's Robert Farrell, a man considered by\nmany to be the master of master technicians.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765054833,"sku":"\\V04\\C03\\PREC.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_0e862dfd-c959-4b5b-be57-2f6f77d4a9e7.jpg?v=1739651776"},{"product_id":"v04-c03-rel-pdf","title":"V.4:3 (98-100): Relevance III by Herbert R. Sorock","description":"Relevance III by Herbert R. Sorock\u003cbr\u003e\u003cbr\u003eRelevance III Series\nHolt Investments, Inc.\n888 Lakemont Dr.\nNashville, TN 37220\n(615) 377-0788\nPrice: $399 (10-day money back guarantee, less $15 return fee)\nSummary:\nEase Of Use: A\nPerformance: A\nDocumentation: B\nError Handling: B\nVendor Support: A\nHardware Requirements:\nIBM PC or compatible\nColor graphics adapter card and graphics\nmonitor (see below)\nEpson or Epson-compatible graphics printer\nData Requirement:\nCommodity Systems, Inc. data format\u003cbr\u003e\u003cbr\u003eRelevance III, from Holt Investments Inc., is a complete set of futures and stock charting programs for\nthe IBM PC. Although Relevance III offers screen display as well as hard copy printout, the emphasis is\non creating high quality printed charts. Utilizing the high resolution capability of the now-standard Epson\nseries of printers, the charts produced by these programs are among the best I have ever encountered.\u003cbr\u003e\u003cbr\u003eThe Relevance III package of software and documentation contains three diskettes which hold the nine\nseparate programs comprising the system. Although this number seems imposing, once values for the\ncharting parameters have been selected, only two of the nine programs are generally used on a day-to-day\nbasis.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765087601,"sku":"\\V04\\C03\\REL.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_082bedea-d698-47ad-9757-30a4706dd798.jpg?v=1739651778"},{"product_id":"v04-c03-shef-pdf","title":"V.4:3 (109-110): She flashes signals from the pit at CBT by Phyllis Brock","description":"She flashes signals from the pit at CBT by Phyllis Brock\u003cbr\u003e\u003cbr\u003eAt precisely 8:00 a.m. Central Time a buzzer sounds and the financial floor of the Chicago Board of\nTrade (CBT) bursts into life. Runners scurry about carrying messages between traders, brokers and\nclerks. A crescendo of sound rises and falls as voices blend into an incomprehensible roar.\nAccompanying the roar, raised hands flash a blur of signals. People wearing brightly colored jackets and\nlarge badges for identification swirl about. Another day of trading has begun.\u003cbr\u003e\u003cbr\u003eShouting at the top of her lungs to attract the attention of a telephone clerk, Marie Pawlyk frantically\nflashes hand signals from the top step of the Treasury Bond (T-Bond) pit. A slim blond with one brown\neye and one green eye, Pawlyk, a native of Chicago, calls herself a broker's clerk. Her job consists of\nkeeping track of the market while placing and remembering trades for the three brokers who are her\nemployers. If the telephone clerk doesn't acknowledge her signals, Pawlyk will have to send a runner over\nwith her order. Mistakes are costly and she has a reputation for making very few of them.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765120369,"sku":"\\V04\\C03\\SHEF.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_12652038-236a-4781-b9c0-48654a8ee639.jpg?v=1739651781"},{"product_id":"v04-c03-trad-pdf","title":"V.4:3 (93-97): Trading channels by John F. Ehlers","description":"Trading channels by John F. Ehlers\u003cbr\u003e\u003cbr\u003eIntroduction\u003cbr\u003e\u003cbr\u003eYou don't have to examine price charts very long before you can picture the prices varying around a\ntrendline in a trading channel, having the trendline reverse, and the trading within the channel begin all\nover again. We will describe two methods that can help visualize the channels and identify the price turns\nthat comprise the channel edges. The first of these is the Commodity Channel Index (CCI) that measures\nthe price excursions from the mean as a statistical variation. The second method brackets the price\ntrading channel that is centered on a best-fitting straight trendline. Both approaches are included in the\nBASIC program listing so that their effects can be compared (Figure 6). The program is usable for your\ndaily trading with a simple conversion of daily prices into the program variable format.\u003cbr\u003e\u003cbr\u003e\nCommodity Channel Index (CCI)\u003cbr\u003e\u003cbr\u003eThe CCI was first described by Donald Lambert (Commodities, October 1980, pp. 39-40). He described\nthe index to be like a \"standard score\" in statistics. The basic approach is first to calculate the average\nprice value using a moving average. This establishes the center of a kind of trendline. Then, the mean\ndeviation from the trendline is calculated. The final step computes the daily difference from the moving\naverage as a ratio to the mean deviation. The ratio is divided by the constant .015 so that 70 to 80 percent\nof the variation falls within a +\/ 100 percent channel index.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765153137,"sku":"\\V04\\C03\\TRAD.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_df40fa08-79c9-4382-ad57-00292eeff6cc.jpg?v=1739651783"},{"product_id":"v04-c04-comp-pdf","title":"V.4:4 (154-154): Computer-Assisted Investment Handbook by Technical Analysis, Inc.","description":"Computer-Assisted Investment Handbook by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eProgrammed Press\nAlbert I.A. Bookbinder, Ph.D.\nElmont, N.Y., 11003\n(516) 775-0933.\nPrice $21.50 including\npostage\/handling.\nProgram Disk: $100\u003cbr\u003e\u003cbr\u003eIn our constant search for quick-but-not-too-dirty ways to employ statistics in trading, we've finally run\nacross a little gem published in 1982. Computer-Assisted Investment Handbook is a compilation of 50\nBASIC programs, 22 chapters of explanation and an extensive bibliography covering the investment\nanalytics of diverse areas from the soybean crush to breakeven analysis.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765185905,"sku":"\\V04\\C04\\COMP.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e84dbfa8-7f76-4428-be3a-36e829b2d36f.jpg?v=1739651785"},{"product_id":"v04-c04-cum-pdf","title":"V.4:4 (144-148): Cumulative Volume by Stuart Thomson","description":"Cumulative Volume by Stuart Thomson\u003cbr\u003e\u003cbr\u003eDo you need a street map in a new city? Do you need any direction before buying or selling a stock?\nDo you need to know the right time to buy or sell stocks? And, do you need a feeling of certainty once\nyou have acted?\u003cbr\u003e\u003cbr\u003eO.K. There is a technical tool available to anyone willing to do his own homework to achieve these ends.\nIt is based on supply and demand and is called Cumulative Volume, or CV for short.\u003cbr\u003e\u003cbr\u003eIf technical analysis can provide us with guidance for determining (1) the future trend of the market\ngenerally, and (2) the future trend of the particular stocks one is following, then ultimately the investment\nresults must be outstanding. This is the objective of my portfolio management system.\u003cbr\u003e\u003cbr\u003eWhat causes a stock to move?\u003cbr\u003e\u003cbr\u003eHaven't you looked at the price chart of a stock bumping along on a bottom or in a major downtrend and\nwondered if there was any clue as to when it would break out of such an unrelenting pattern?\u003cbr\u003e\u003cbr\u003eWe know there are two factors that strongly impact many aspects of our daily lives, namely, supply and\ndemand. A recent example is the coffee price snafu. Could supply and demand also affect stocks? The\nanswer is a resounding YES. The key ingredient that moves a stock is supply vs. demand for shares of\nthat stock. But how do we measure the trading of stocks? We do so by examining the volume of shares\nbeing traded in the stock and look for the divergent pattern between the volume and the stock price.\nNormally, the greater the divergent pattern that exists between the CV and the stock price, the more\ninteresting the stock becomes.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765218673,"sku":"\\V04\\C04\\CUM.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c371ec22-22e3-4eeb-9121-f22c67793045.jpg?v=1739651788"},{"product_id":"v04-c04-det-pdf","title":"V.4:4 (132-135): Detecting dependence part 2 by Clifford J. Sherry, Ph.D.","description":"Detecting dependence part 2 by Clifford J. Sherry, Ph.D.\u003cbr\u003e\u003cbr\u003eIn an article in the last issue (Stocks \u0026amp; Commodities, April 1986), I outlined a means of detecting\nwhether dependence existed between prices in a time series. To read this article, you should recall the\nmethod used in that article to create price change frequency histograms and divide them into classes.\nAlso, to avoid repetition, the exemplary data series from that article will be used.\u003cbr\u003e\u003cbr\u003eOnce you have generated the price change frequency histogram and divided it into the appropriate\nclasses, like thirds, and assigned each price change to a given class, you can use this sequential list of 1's,\n2's, and 3's to construct a number of potentially useful charts. I would like to describe two of these\nchartsthe price change density histogram, and the triggered price change histogram.\u003cbr\u003e\u003cbr\u003eDensity histograms\u003cbr\u003e\u003cbr\u003eIn order to construct these charts, you need to construct a series of 'bins' labeled b1, b2, b3, b4,...bn,\nwhich represent trading days, excluding weekends and holidays. You can have as many bins as you like,\nbut generally 30 is enough for most purposes.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765251441,"sku":"\\V04\\C04\\DET.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1dcbd9c6-203d-48b5-bc7c-c2070720c899.jpg?v=1739651790"},{"product_id":"v04-c04-fin-pdf","title":"V.4:4 (141-143): Fine-tuning the demand index by Thomas E. Aspray","description":"Fine-tuning the demand index by Thomas E. Aspray\u003cbr\u003e\u003cbr\u003eThe Demand Index, which utilizes price and volume, calculates the buying pressure and selling pressure exerted on prices. These can be used to create an oscillator to identify accumulation or distribution in both stocks and commodities.\u003cbr\u003e\u003cbr\u003eIntroduction\nIn analyzing the commodity markets, I use a series of approximately twelve technical studies which I\nhave selected after extensive historical research. If these studies are in agreement (uniformly bearish or\nbullish), they determine how much emphasis to put on the daily studies.\u003cbr\u003e\u003cbr\u003eFor example, if the weekly studies are positive and the daily studies are negative, a short position would\nbe recommended only for scalpers, with close stops used. Conversely, if the daily studies were positive, a\nlarger position with wider stops could be taken. The studies I find most useful are those which combine\nthe price action with volume or open interest. One which I use extensively is the Demand Index,\ndeveloped by James Sibbet, which utilizes price and volume. I run this study in several different versions\nover both the daily and weekly data.\u003cbr\u003e\u003cbr\u003eThe study calculates the Buying Pressure (BP) and Selling Pressure (SP) in the following manner for the\nNo Limit version.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765284209,"sku":"\\V04\\C04\\FIN.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c24a2e38-4f60-4c59-9a89-69d69be47787.jpg?v=1739651793"},{"product_id":"v04-c04-markf-pdf","title":"V.4:4 (139-139): The Market Forecaster by Thomas R. Sewell","description":"The Market Forecaster by Thomas R. Sewell\u003cbr\u003e\u003cbr\u003eWilliam Finnegan Associates, Inc.\n21235 Pacific Coast Highway\nMalibu, CA 90265\n(213) 456-5741.\nPrice: $285-$480 depending on hardware used.\u003cbr\u003e\u003cbr\u003eIn September, 1985, knowing I was interested in researching and utilizing market timing indicators,\nStocks \u0026amp; Commodities magazine asked if I would be interested in reviewing The Market Forecaster by\nWilliam Finnegan Associates, Inc.\u003cbr\u003e\u003cbr\u003eThe Market Forecaster is an econometric model that projects the market's net percent change (the\ndifference between the market's high and low) over the next 80 trading days. The Market Forecaster\nmanual refers to a correlation coefficient of .90 to the future market moves over a 22-year computer test.\nThe buy signals are generated by readings of +9 percent or higher, and sell signals of -7 percent or lower.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765316977,"sku":"\\V04\\C04\\MARKF.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ad434461-1bfd-4e31-82c8-d4290983d839.jpg?v=1739651795"},{"product_id":"v04-c04-markn-pdf","title":"V.4:4 (140-140): Market News by John Sweeney","description":"Market News by John Sweeney\u003cbr\u003e\u003cbr\u003eMarket News Service, Inc.\n490 El Camino Real\nBelmont, CA 94002\n(800) 227-2271\u003cbr\u003e\u003cbr\u003eWant to tune in to what the financial big boys listen to when they trade? Market News might have the\nanswer for you. Their coverage of the nation's financial\/political news can be installed in your home or\noffice so that the next time your bond position goes flip-flop you won't have to get through to your broker\nto find out what happened. Better yet, you might get out before it flops.\u003cbr\u003e\u003cbr\u003eTypical customers for Market News are bank trading rooms, economic I research outfits, and large\ntraders in currencies or financials. Their service seems to be one that individual traders have overlooked.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765349745,"sku":"\\V04\\C04\\MARKN.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_5f174ef1-0699-4768-b703-f59fa7c15858.jpg?v=1739651797"},{"product_id":"v04-c04-opti-pdf","title":"V.4:4 (155-156): The optimization of a trading program by Robert C. Pelletier","description":"The optimization of a trading program by Robert C. Pelletier\u003cbr\u003e\u003cbr\u003eMany people have purchased software which gives the opportunity to test various parameter\ncombinations to achieve the maximum profit results. For example, a system which may use three moving\naverages to determine market entry, market exit, and, perhaps, a stop parameter, might require the\ninvestigation of a range of moving average readings for each of the three moving averages.\u003cbr\u003e\u003cbr\u003eInvestigating all the combinations of three moving averages for a system where each moving average can\ntake on 10 possibilities would require the computer to evaluate 1,000 possibilities (10 10 10). The\nuser would then choose the combination of moving averages which produced the maximum profit and,\nperhaps, the minimum drawdown. He may then conclude that he has an optimum system which will work\nwith a certain reliability.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765382513,"sku":"\\V04\\C04\\OPTI.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_60add5cf-7e90-4ce5-b269-8b758861c3dc.jpg?v=1739651800"},{"product_id":"v04-c04-right-pdf","title":"V.4:4 (150-153): The Right Time programs by John Sweeney","description":"The Right Time programs by John Sweeney\u003cbr\u003e\u003cbr\u003eThe Right Time Stock Program ($349)\u003cbr\u003e\u003cbr\u003eThe Right Time Futures Program ($349)\u003cbr\u003e\u003cbr\u003eThe Right Time Stock Index Program ($349)\u003cbr\u003e\u003cbr\u003eComputer: IBM or Apple\nT.B.S.P., Inc.\n8821 Alcott Street\nLos Angeles, CA 90035\n(213) 275-0208\u003cbr\u003e\u003cbr\u003eSuppose you had an acquaintance who told you he was doing pretty well in the market. He'd quit his\njob to work full-time at it and, several years later, he was still at it, apparently making a living at it and\nenjoying himself.\u003cbr\u003e\u003cbr\u003eYou keep in touch and one day he tells you he's put the whole thing on a computer and he's going to sell a\nlimited number of copies to the world. Naturally, he's not going to reveal the exact methodsthat's all\nburied in the code. Back testing isn't available because he was busy trading the system, not accumulating\nrecords for future sales materials. The price is cheap$349for a set of software that, during demonstrationruns like a clock. Are you interested?","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765415281,"sku":"\\V04\\C04\\RIGHT.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_84c10d2a-9284-4fb7-bdd1-37438c323b11.jpg?v=1739651802"},{"product_id":"v04-c04-swee-pdf","title":"V.4:4 (127-129): SWEENEY AGONISTES by John Sweeney","description":"SWEENEY AGONISTES by John Sweeney\u003cbr\u003e\u003cbr\u003eOUR APPROACH\n- Believe it or not, there is method to our madness in publishing articles. Two series of articles going on\nright now are laying the groundwork for much more rigorous technical systems.\u003cbr\u003e\u003cbr\u003eClifford Sherry's articles are extracting the statistical techniques developed in neurophysiology for\nprocessing neural signals and applying them for our readers to trading time series. These articles\nconstitute an arsenal of tools to analyze and categorizeobjectivelythe markets with which you are\nworking.\u003cbr\u003e\u003cbr\u003eIt is important to me to know whether the market I'm following is behaving \"normally\" or not. These\ntechniques should help you identify markets that are behaving in a consistentand therefore\ntradablemanner. They can examine your data, detect patterns in the data and estimate how far into the\nfuture your forecasts may be valid.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765448049,"sku":"\\V04\\C04\\SWEE.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_71011dc9-7ccd-4eb6-9db6-55b51d8c2f98.jpg?v=1739651804"},{"product_id":"v04-c04-wyc-pdf","title":"V.4:4 (136-138): Wyckoff in action by David H. Weis","description":"Wyckoff in action by David H. Weis\u003cbr\u003e\u003cbr\u003eIn 1908, Richard D. Wyckoff began publishing The Ticker, a monthly magazine designed to educate the\npublic on how to understand and profit from the stock market. The early popularity of this magazine can\nbe attributed to the series of articles which Wyckoff wrote on tape reading. He had spent 20 years on\nWall Street and learned the secrets of the most successful traders who studied every transaction on the\nstock ticker. In describing James Keene, a successful syndicate manager, Wyckoff mentioned how he\npored over the tape as if in a trance, analyzing \"prices, volumes, and fluctuations down to the finest\nimaginable point.\"\u003cbr\u003e\u003cbr\u003eWyckoff, too, mastered the art of tape reading which he defined as a \"method for forecasting from what\nappears on the tape now, what is likely to appear in the future.\" By studying the flow of buy and sell\norders into the marketplace, Wyckoff learned to recognize the behavior on the tape that revealed large\ninterests building a position prior to a markup or markdown in price.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765480817,"sku":"\\V04\\C04\\WYC.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_0b58e3bc-c106-40a8-b2b9-5c7803756576.jpg?v=1739651807"},{"product_id":"v04-c05-ctc-pdf","title":"V.4:5 (163-168): CTCR's BRUCE BABCOCK By Melanie Bowman","description":"CTCR's BRUCE BABCOCK By Melanie Bowman\u003cbr\u003e\u003cbr\u003e\"Perceptive\" and \"to-the-point\" describe Bruce Babcock, the attorney turned professional commodity\ntrader to whom thousands of traders now look for advice on what's hot and what's not in services,\nsystems, and software.\u003cbr\u003e\u003cbr\u003eBabcock's best known newsletter, the Commodity Traders Consumer Report, is a one-stop resource for\nratings, reviews, and information on advisory services, trading systems, seminars and publications. His\nstyle is to \"lay it on the line,\" report the good with the bad, and look for value at a reasonable price.\u003cbr\u003e\u003cbr\u003eWhile earning his law degree in the late 1960s at the University of California at Berkeley, Babcock\nwhetted his taste for trading in the stock market. Using what was then an unpublicized idea, he and his\nroommate studied SEC insider trading, picked a tiny company and that first transaction, he recalls, \"was\nso successful, I studied for the bar exam without having to work.\"","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765513585,"sku":"\\V04\\C05\\CTC.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_61dea8dc-aa55-4a68-ac5e-de8bf061f190.jpg?v=1739651809"},{"product_id":"v04-c05-how-pdf","title":"V.4:5 (172-175): How useful are stochastics for trading? by Jack D. Schwager and Norman Strahm","description":"How useful are stochastics for trading? by Jack D. Schwager and Norman Strahm\u003cbr\u003e\u003cbr\u003eIn the current popular trading systems terminology, a stochastic refers to a measure of the placement of\nthe current price within a recent range. If the current price is near the top part of the recent range, the\nstochastic will be high; if it is near the low end of the range, the stochastic will be low. Specifically, the\nstochastic can be defined as follows:\u003cbr\u003e\u003cbr\u003eS\u003cbr\u003e\u003cbr\u003eC L\u003cbr\u003e\u003cbr\u003eH-L N\u003cbr\u003e\u003cbr\u003et = -\u003cbr\u003e\u003cbr\u003eCt = current closing price\u003cbr\u003e\u003cbr\u003eH = high price during past N days\u003cbr\u003e\u003cbr\u003eL = low price during past N days\u003cbr\u003e\u003cbr\u003eN = number of days used to calculate the stochastic value\u003cbr\u003e\u003cbr\u003eS = the stochastic's value on the Nth day\u003cbr\u003e\u003cbr\u003eThis definition uses daily price data, but any time interval can be used.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765546353,"sku":"\\V04\\C05\\HOW.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_0152fd8b-cfde-4395-89e3-c99d26f156e7.jpg?v=1739651811"},{"product_id":"v04-c05-left-pdf","title":"V.4:5 (169-171): Left brain\/right brain, reality and trading the markets by R.E. McMaster, Jr.","description":"Left brain\/right brain, reality and trading the markets by R.E. McMaster, Jr.\u003cbr\u003e\u003cbr\u003eThe starting point for success in trading the markets profitably is to perceive market reality accurately.\nWhile this may sound obvious enough, most traders enter the marketplace with preconceptions, biases\nand incorrect perceptions of market reality. They soon learn, however, that the market is a ruthless\ntaskmaster. You either line up with the market's reality, or you lose money.\u003cbr\u003e\u003cbr\u003eThe market's consciousness, it seems, justifies itself in its harshness, as it points out to traders that there\nare only three realities possible in the marketplace. Markets can either move up, move down, or drift\nsideways. This simple recognition or, perhaps, the not so simple recognition of which of these three\nrealities is active at any particular time is all that is necessary to trade successfully. All of our analyses of\nthe markets are supposedly for the purpose of bringing our focus on the market reality so we can trade\nprofitably.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765611889,"sku":"\\V04\\C05\\LEFT.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_9e8f5991-f347-4238-899b-65701c06a6ef.jpg?v=1739651813"},{"product_id":"v04-c05-mech-pdf","title":"V.4:5 (194-197): A mechanical trading system by William F. Eng","description":"A mechanical trading system by William F. Eng\u003cbr\u003e\u003cbr\u003eAs a professional floor trader at the Chicago Board of Figure 1 Trade, I have studied many trading\ntechniques. Some work and some don't. Most trading techniques work with the one missing element that\nwe all needdiscipline. I preface this article with this caveat because I am of the firm belief that the best\nsystem, without minimal discipline, will fail. I have derived a very good approach to trading the markets\nand have seen this fail when others have used it because they lacked the discipline to follow it.\nIndependent of your approach, you must have discipline.\u003cbr\u003e\u003cbr\u003eThe approach described here is simple, and its simplicity gives it a tremendous amount of elegance. My\nsystem is based on swing charts. My first exposure to swing charts was in a technical analysis class\ntaught by a William D. Gann technique instructor. The beauty of using swing charts lies not in the fact\nthat you, the trader, can determine when you should position in the direction of a breakout of a price\nboundary, either upside or downside, but in the fact that such price boundaries can be used as stop loss\nlimit points. Therein lies the utility of swing charts. They may not flag you as to when you should take\nprofits, but they will definitely indicate when you should, and must, take limited losses on bad trades.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765677425,"sku":"\\V04\\C05\\MECH.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_b6f73950-047e-4e57-948c-db6a5e1f20fe.jpg?v=1739651815"},{"product_id":"v04-c05-mesa-pdf","title":"V.4:5 (191-193): MESA by John Sweeney","description":"MESA by John Sweeney\u003cbr\u003e\u003cbr\u003eJohn F. Ehlers\nBox 1801\nGoleta, CA 93116\nCost: $350\nComputer: Apple II, 48K, 2 disk drives, DOS 3.3 (16 sectors)\n(Also Apple III in emulator mode and Franklin)\nPrinter with graphics is optional\nUnder development is a version that will run on an IBM PC with two disk drives or XT or AT\u003cbr\u003e\u003cbr\u003e\nSeveral years ago there seems to have been a tremendous excitement over cycles. Advisers set up shop.\nFoundations were formed. Seminars were held. Much ink and many trees were sacrificed to getting out\nthe word.\u003cbr\u003e\u003cbr\u003eLately, there hasn't been as much press but the usage has become more sophisticated as traders\ndiscovered that, like everything else, cycles needed to be used as a portion of the overall picture not the\nonly picture. That leaves the trader with his traditional problem: where to get the information and what to\nuse (if he doesn't have an engineering degree or a Masters in mathematics) to analyze it.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765775729,"sku":"\\V04\\C05\\034mesa.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_020de78b-b848-4eea-bd2e-bed019e5d79b.jpg?v=1739651818"},{"product_id":"v04-c05-prec-pdf","title":"V.4:5 (176-176): Precision Ratio Compass by John Sweeney","description":"Precision Ratio Compass by John Sweeney\u003cbr\u003e\u003cbr\u003eRobert Prechter\nNEW CLASSICS LIBRARY\nP.O. Box 1618\nGainesville, GA 30503\nPrice: $249\n(NOT a Fibonacci number)\u003cbr\u003e\u003cbr\u003eRobert Prechter's latest item for use in deciphering Elliott waves is a nicely machined set of ratio\ndividers. The Precision Ratio Compass is designed to speed up chart analysis by determining likely price\nlevels using Fibonacci relationships inherent in Elliott waves.\u003cbr\u003e\u003cbr\u003eThe alternative to using the compass is to laboriously read off the values from your charts, calculate the\nlikely price levels on a computer or calculator, and plot the levels on your chart. With the compass all this\nis reduced to three quick steps: (1) set the compass for the ratio you want, (2) set one end of points to the\nlength to which you wish comparisons made, and (3) flip the compass to use the opposite points and plot\nthe desired price level.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765808497,"sku":"\\V04\\C05\\PREC.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_0f985935-3b23-42be-a356-a5b85e21a2d6.jpg?v=1739651820"},{"product_id":"v04-c05-usb-pdf","title":"V.4:5 (177-183): Using basic statistics for stops by Robert W. Hull, Jr.","description":"Using basic statistics for stops by Robert W. Hull, Jr.\u003cbr\u003e\u003cbr\u003eThe primary purpose of this article is to use basic statistics to measure the degree of price volatility that\ncan occur on a daily basis in the copper market. These measures can then be used to place a stop or limit\norder that takes into account these natural daily price movements. The statistics that will be used will be\nthe mean, the standard deviation, and the coefficient of variation.\u003cbr\u003e\u003cbr\u003eMany potentially profitable trades have ended up losing money or cutting profits short for the trader, as\nthe market has traded to a price where the trader had made a decision (a stop) to exit the market. This\ndecision may have been made and executed by the trader when the market moved into an uncomfortable\nrange, or it may have been the result of a stop placed with a broker. It is common to hear someone say\nthat they had given up a position that would have been profitable as, shortly after their decision, the\nmarket moved in the originally anticipated direction.\u003cbr\u003e\u003cbr\u003eThe price chosen by the trader as the stop will depend on the current price level and the amount of risk\nthe trader is willing to accept. This risk will be the dollar amount that either the individual feels he can\nafford to lose, or the size of the reduction in potential profit he risks giving up. This subjective approach\nto determining risk can cause a problem in that the natural volatility of the market might not be taken into\naccount. If his intuitive sense of risk is in disagreement with the natural movement of prices, losses or\nprofit reductions may occur.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765841265,"sku":"\\V04\\C05\\USB.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_f71b2139-c30c-4491-834b-ca92e55e40d0.jpg?v=1739651822"},{"product_id":"v04-c05-win-pdf","title":"V.4:5 (185-187): Winning in the Futures Market (Three ways to beat the system) by Allen D. Hanson","description":"Winning in the Futures Market (Three ways to beat the system) by Allen D. Hanson\u003cbr\u003e\u003cbr\u003eThere are very few successful futures traders. Most winners tend to give back their earnings and many\nof the people that try the commodity futures markets never really get to first base. Income tax accountants\nand bankers know full well that the average trader is a loser.\u003cbr\u003e\u003cbr\u003eThere is always the old question, \"Where are the rich commodity traders?\" They are few and far between.\nAlmost everybody that I have known over the years that made it big in commodities also lost it big\neventually.\u003cbr\u003e\u003cbr\u003eThe market is a great taskmaster and a great personal equalizer. It is a challenge unsurpassed in difficulty.\nThat is why I trade it.\u003cbr\u003e\u003cbr\u003eLet's examine the advantages and disadvantages of trading futures contracts.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765874033,"sku":"\\V04\\C05\\WIN.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_cc8f73fa-c255-40a6-b221-9d75b369fcd2.jpg?v=1739651825"},{"product_id":"v04-c05-wyc-pdf","title":"V.4:5 (188-190): Wyckoff method of trading stocks part 4 Understanding group stock behavior by Jack K. Hutson","description":"Wyckoff method of trading stocks part 4 Understanding group stock behavior by Jack K. Hutson\u003cbr\u003e\u003cbr\u003eThe Richard D. Wyckoff method of trading brings the technical analyst a clean, logical way to\nunderstand stock market behavior and to anticipate the most opportune trading and investment moments.\nThe Wyckoff analyst begins with charts of a broad composite market average, overlays charts of industry\ngroup averages and then, when that information is weighed, compares the trends and critical turning\npoints to the charts of individual stocks within the industry group.\u003cbr\u003e\u003cbr\u003eAnalyzing group averages is a vital step, because to go after individual stocks willy-nilly, without a plan\nof action, is to invite disaster or, at the very least, less-than-peak use of investment capital. Group\nbehavior guides a trader to the appropriate section of the market where individual stocks should be\nselected.\u003cbr\u003e\u003cbr\u003eGroup averages compared against broad market trends will show you where large-scale traders see\nsomething promising and are trading accordingly. By using these signals to make well-timed long or\nshort trades in conjunction with the safety of stop orders, you can make both the up and down sides of the\nstock market profitable.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765906801,"sku":"\\V04\\C05\\WYC.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_65aa6d02-162f-4144-a51d-d8da7501cfc6.jpg?v=1739651828"},{"product_id":"v04-c06-app-pdf","title":"V.4:6 (221-223): Applying the Elliott Wave theory by Clarence J. Liataud","description":"Applying the Elliott Wave theory by Clarence J. Liataud\u003cbr\u003e\u003cbr\u003eThe validity of the Elliott Wave theory can be proven by p applying its wave sequence to any\nlong-range commodity or stock chart. The reason most analysts have trouble applying this theory while\nprices are unfolding is the difficulty in determining the shape and size of a current correction. However,\nif you keep in mind that after the first and third wave (whatever their size) there will be a correction, and\nonly a correction, you will know what price action to expect. The various shapes of corrections are below.\u003cbr\u003e\u003cbr\u003eTo apply the Elliott Wave theory to a given commodity, show how the price movement of that\ncommodity has progressed and conformed to the wave sequence of the theory. This will enable you to\nlocate in which wave prices are currently trading the overall pattern, thereby permitting you to estimate\nthe size and direction of the next known wave.\u003cbr\u003e\u003cbr\u003eFive small waves make one larger wave. For example, five minor waves make one intermediate wave,\nfive intermediate waves make one major wave, and so on.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765939569,"sku":"\\V04\\C06\\APP.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_75a40996-6fc1-4911-9842-2372e0cfad1a.jpg?v=1739651830"},{"product_id":"v04-c06-are-pdf","title":"V.4:6 (217-219): Are junk stocks really dogs? by Bill Dunbar","description":"Are junk stocks really dogs? by Bill Dunbar\u003cbr\u003e\u003cbr\u003eWhy this article? In spite of what my wife says, I do follow my own advice, at least part of the time.\nIn some of the past issues of Stocks \u0026amp; Commodities I have promoted bottom fishing, not to catch healthy\ncorporations, but those that are in trouble. However, so many are available in that category now that I am\nhaving trouble limiting my investments. So I ask myself, how far should I go? I've had good luck with\njunk stocks in the past, but it could have been just thatluck. Maybe I have been shooting off my big\nmouth based on experience that's too limited. If I'm so sure that cheap stocks are the way to easy wealth,\nwhy don't I take profits in some of my more respectable winners and plow it all into junk?\u003cbr\u003e\u003cbr\u003eWell, as an investor with technical inclinations, my thought is to turn to the past. The fundamental\napproach, if it was ever worth anything, certainly doesn't apply to junks. How can you place a value on a\nstock with negative earnings and even negative book value? If the corporation can't pay the interest on its\nloans and the creditors are pounding down the door, threatening involuntary bankruptcy and liquidation,\nwhat are the shares worth? Obviously on a fundamental basis, they are worth nothing, and yet the market\nplaces a value on them at something above zero. The value is usually based on pure speculation,\nspeculation that something good will happen, that the business climate will change for the better, that a\nnew and better management will take over, or that the corporation will sell off its unprofitable divisions\nand become robust once more. What basis is there for such fond hopes? At best, nothing except past\nexperience and, at worst, panting, drooling fantasies. Most of us have a tendency to remember the\nsuccessful recoveries and forget the ones that went under.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133765972337,"sku":"\\V04\\C06\\ARE.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_503afdda-9018-4fc4-907d-92d504646e8a.jpg?v=1739651832"},{"product_id":"v04-c06-comm-pdf","title":"V.4:6 (228-228): Comex the Game by William T. Taylor","description":"Comex the Game by William T. Taylor\u003cbr\u003e\u003cbr\u003eCommodity Exchange, Inc.\nFour World Trade Center\nNew York, NY 10048\n(212) 938-8026\n(800) 233-3443\nPrice: $69.95\u003cbr\u003e\u003cbr\u003eThis software package from the Commodity Exchange, Inc. (COMEX) is a futures options trading\nsimulation game. The intent is to provide real-life like data, including futures prices for the COMEX\nGold and Silver contracts, as well as news items that could affect these prices. Your job as the\nparticipant, is to assimilate all of the information, formulate a strategy and then take one of several\npositions in the market.\u003cbr\u003e\u003cbr\u003eMost of the documentation for this game consists of marketing blurbs from COMEX. This includes\nbrochures on gold and silver futures and options, and a book entitled COMEX Precious Metals Options:\nStrategies for the Investor. This booklet explains the use of options and demonstrates the various\nstrategies to use in different market conditions. Each strategy is shown with an accompanying graph\nillustrating the risk that is taken. I found this to be very helpful in formulating my trading strategies\nduring the course of the game.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133766005105,"sku":"\\V04\\C06\\COMM.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ebb5abff-0f59-4666-a781-f0ab9ee80e8a.jpg?v=1739651834"}],"url":"https:\/\/shop.traders.com\/collections\/volume-4-articles\/issue-06.oembed","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}