{"product_id":"v2020devmodw","title":"V. 20:11 (20-33): Developing A Model With Auction Market Theory by Donald L. Jones","description":"Developing A Model With Auction Market Theory by Donald L. Jones\u003cbr\u003e\u003cbr\u003eHeres an intraday trading model that uses auction\nmarket theory.\u003cbr\u003e\u003cbr\u003eA tenet of auction market theory is the\nunpredictability of the markets. An auction\nmarket model is built from market\nknowledge without predicting the markets\npath. The auction market model requires input from both the market and the trader. It is\ndynamic, attuned to the market, theoretically sound,\nand universal. It is also unique to the trader who is\nexercising it. I will show you the logical steps for\ndeveloping a trading model, using the auction market\ntheory presented in STOCKS \u0026amp; COMMODITIES earlier\nthis year.\u003cbr\u003e\u003cbr\u003eDEVELOPING A TRADING MODEL\u003cbr\u003e\u003cbr\u003eAn auction market model is the result of a three-step\nstrategy development. The steps are market strategy,\ntrader strategy, and a synthesis of the two, working\nstrategy.\u003cbr\u003e\u003cbr\u003eMarket strategy is determined by the characteristics\nthat define the market. Markets go through a cycle:\nbalance (congestion) to trend (start of distribution),\ntrend (distribution) and back to balance (start of\ncongestion). Market strategy is concerned first with\nlocating the market condition, or the phase of the\ncycle. The market may have a short time frame with\na lot of action packed into minutes or even seconds,\nlike the indexes, or it can be a longer time frame and\na more sedate market, like the grains.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134192349553,"sku":"\\V20\\C11\\128DEV.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_72c63938-fb39-4c55-9c71-9ffae8c9ad4f.jpg?v=1739671151","url":"https:\/\/shop.traders.com\/products\/v2020devmodw","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}