Channels & Cycles: A Tribute to J. M. Hurst
Traders Press | ISBN: 0934380503 | 1999-03-18 | PDF | 255 pages |4 Mb
I am in the middle of reading both JM Hurst's original work on market cycles, as well as Brian Millard's modern treatment of cycle analysis. I've finished this one today.
This book is for the technician or trader who wishes to think for himself, and not rely on over-used, and often misapplied mathematical techniques.
Millard instructs you on how to use mathematical tools to extract cycles from stock price data, predict price and time zones, and determine the optimum time period to trade in.
Through simple logic, Millard demonstrates the optimum time period to trade in is between 50 and 100 days. If you are a diehard daytrading scapler, you probably won't like the conclusions he comes to in this book.
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