Forecasting Profits Using Price & Time (Wiley Trader's Exchange)
Edward GatelyISBN: 047115539X; 9780471155393;
The first complete guide to mastering the forecasting techniques essential for short-term trading success While a majority of trading systems incorporate only existing or past pricing activity into their simulations, the most successful ones use forecasting methods to establish future activity. Now, Ed Gately, a leading computerized trading systems developer, creates a groundbreaking approach to forecasting that includes setting price and time targets to anticipate future price movements—an essential step in reducing risk, increasing reaction time, and yielding greater returns. With detailed coverage of such important targeting techniques as Fibonacci numbers, Fibonacci ratios, and cycle analysis, as well as support/resistance, moving averageand Raff channels, Bollinger bands, and trendlines, Forecasting Profits Using Price & Time enables you to integrate today's most accurate computerized forecasting models into your current system. Once in place, these techniques can be...