{"product_id":"stcov292hucy","title":"Stocks \u0026 Commodities V. 29:4 (24-28): Hurst's Cyclic Analysis by David Hickson","description":"Hursts Cyclic Analysis by David Hickson\u003cbr\u003e\u003cbr\u003eThis crash course on an almost-forgotten theory could shed some light on how you can trade consistently and profitably.\u003cbr\u003e\u003cbr\u003eIN the 1970s, an American engineer named J.M. Hurst published a thesis about why financial markets move the way they do. His expounded theory was the result of many years of research, and it became known as Hursts cyclic theory. Hurst claimed a 90% success rate trading on the basis of his theory, and yet his work has remained largely undiscovered and often misunderstood.\u003cbr\u003e\u003cbr\u003eAN ALMOST-FORGOTTEN THEORY\u003cbr\u003e\u003cbr\u003eHurst published two seminal works: The Profit Magic Of Stock Transaction Timing, followed a few years later by a workshop-style course that was called the Cyclitec Cycles Course (now available as JM Hursts Cycles Course).\u003cbr\u003e\u003cbr\u003eA number of enthusiastic advocates, prominent traders, and writers proclaim Hurst as the father of cyclic analysis and confirm the efficacy of the theory (including the late Brian Millard, who wrote several books about Hursts theory), but why isnt it better known and more widely used by technical analysts? There are two possible reasons:\u003cbr\u003e\u003cbr\u003e- First, Hursts cyclic theory is not easy. While it is beautiful and elegant in its essence, it is not a simple theory to understand or apply. The Cycles Course is more than 1,500 pages long, and most people take several months to work through it.\u003cbr\u003e\u003cbr\u003e- Second, although the theory presented in both the Profit Magic book and the Cycles Course is the same, there is a vitally important distinction between the analysis processes presented in them. Hurst claimed his success on the basis of the process presented in the Cycles Course, whereas many people read the Profit Magic book and go no further, with the consequence they never discover the more effective process presented in the Cycles Course.\u003cbr\u003e\u003cbr\u003e","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133935841649,"sku":"057HICKPDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c9e27080-614f-4e1a-ae2f-b8a5e9ae1521.jpg?v=1739658183","url":"https:\/\/shop.traders.com\/products\/stcov292hucy","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}