[Wiley]
Kategoria: Literatura anglojęzyczna
& effective methods currently available for targeting price
trends. DLC: Stocks - Pricing. The publisher, John Wiley
& Sons Presents a real-world methodology for trading the
markets using the...
Pełen opis produktu 'Seasonality: Systems, Strategies, and Signals (Wiley Trading)' »
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Review
"If you've ever wondered about the validity of seasonals or how to
trade them, buy this book now!"—Glen Larson, Genesis Data
Services
"Jake does it again. This time his extensive research really leaps
out as he makes seasonal trading easy to understand and a very
useful tool for any commodity trader."—Jeffrey H. Fox, Fox
Investments
Book Description
a groundbreaking look at trading the markets with one of the most
important forecasting tools available . . .
"If you've ever wondered about the validity of seasonals or how to
trade them, buy this book now!" —Glen Larson, Genesis Data
Services
"Jake does it again. This time his extensive research really leaps
out as he makes seasonal trading easy to understand and a very
useful tool for any commodity trader." —Jeffrey H. Fox, Fox
Investments.
Is there a "holy grail" of price prediction? Traders have long been
in pursuit of one, and while a handful of strategies, techniques,
and methodologies have proven noteworthy, the search continues for
the ultimate forecasting instrument —if one does indeed exist. The
theory and methods of seasonality may well prove to be a step in
the right direction to this goal. In this unique new book, a
leading seasonal trading analyst examines seasonality in-depth,
elucidating the concise principles, numerous advantages, and
enormous potential that make it one of the most important —and
effective —methods currently available for targeting futures price
trends.
Over the years, considerable attention has been paid to the effects
of interest rates, money supply, earnings, inflation, and other key
factors on stock and commodity prices. Yet, the immense impact of
seasonal price tendencies has been either grossly underestimated or
completely ignored. Often overlooked, but equally significant,
seasonality is based on the assumption that seasonal influences
cause biases in the movement of market prices. Among its many
advantages, seasonality allows the trader to formulate objective
decisions founded on a logical, verifiable, and operational
methodology, creating a backdrop of probable market trends in most
time frames and in most markets, and providing historically valid
input for use as an adjunct to other analytical methods and timing
indicators. The essence of seasonality is found in its lengthy
history and statistically testable methodologies.
However, seasonal correlations are not 100 percent foolproof. Using
seasonal data to time the market involves an unavoidable degree of
subjectivity —unless you have a firm grasp of seasonal timing
concepts and techniques. Now, in the first resource devoted
exclusively to the subject, Jake Bernstein gives you the foundation
necessary to implement this powerful tool effectively and with
confidence.
Balancing theory and practice, Bernstein provides a thorough,
real-world understanding of seasonal timing concepts and
techniques. Along with results of his own extensive research, he
integrates the work of numerous market analysts, such as W. D.
Gann, Art Merrill, Burton Pugh, Samuel Benner, and Yale Hirsch,
among others, to create a pragmatic and highly functional
analytical framework. With his accessible, comprehensive coverage
of significant concepts such as seasonal spread relationships, key
dates, and cash tendencies, you'll be able to discern seasonal
patterns in monthly and daily cash and futures data. Once the
basics are firmly in place, Bernstein leads you step by step
through the essential process of formulating a seasonal trading
program that incorporates important timing strategies and risk
management tools. An ideal overview for any trader, investor, or
analyst, this lucidly written and clearly organized resource
emphasizes the validity and significance of seasonality. Jake
Bernstein has compiled a comprehensive guide to the effective use
of seasonal concepts and methods in the futures markets. This is a
major work that belongs on the shelves of all serious traders.
Book Info
A leading seasonal trading analyst examines seasonality in-depth,
elucidating the concise principles, numerous advantages, &
enormous potential that make it one of the most important &
effective methods currently available for targeting price trends.
DLC: Stocks - Pricing.
The publisher, John Wiley & Sons
Presents a real-world methodology for trading the markets using the
important concept of seasonality. The concept of utilizing seasonal
patterns in making trading decisions is based on the assumption
that seasonal influences will cause biases in the movement of
market prices. This book reviews the concept of seasonality and
presents crucial seasonal timing techniques. It explains how to
find the seasonal patterns in monthly and daily cash and futures
data, and shows how to formulate a seasonal trading program that
incorporates important options strategies and risk management
tools.
From the Inside Flap
Seasonality Is there a "holy grail" of price prediction? Traders
have long been in pursuit of one, and while a handful of
strategies, techniques, and methodologies have proven noteworthy,
the search continues for the ultimate forecasting instrument—if one
does indeed exist. The theory and methods of seasonality may well
prove to be a step in the right direction to this goal. In this
unique new book, a leading seasonal trading analyst examines
seasonality in-depth, elucidating the concise principles, numerous
advantages, and enormous potential that make it one of the most
important—and effective—methods currently available for targeting
futures price trends. Over the years, considerable attention has
been paid to the effects of interest rates, money supply, earnings,
inflation, and other key factors on stock and commodity prices.
Yet, the immense impact of seasonal price tendencies has been
either grossly underestimated or completely ignored. Often
overlooked, but equally significant, seasonality is based on the
assumption that seasonal influences cause biases in the movement of
market prices. Among its many advantages, seasonality allows the
trader to formulate objective decisions founded on a logical,
verifiable, and operational methodology, creating a backdrop of
probable market trends in most time frames and in most markets, and
providing historically valid input for use as an adjunct to other
analytical methods and timing indicators. The essence of
seasonality is found in its lengthy history and statistically
testable methodologies. However, seasonal correlations are not 100
percent foolproof. Using seasonal data to time the market involves
an unavoidable degree of subjectivity—unless you have a firm grasp
of seasonal timing concepts and techniques. Now, in the first
resource devoted exclusively to the subject, Jake Bernstein gives
you the foundation necessary to implement this powerful tool
effectively and with confidence. Balancing theory and practice,
Bernstein provides a thorough, real-world understanding of seasonal
timing concepts and techniques. Along with results of his own
extensive research, he integrates the work of numerous market
analysts, such as W. D. Gann, Art Merrill, Burton Pugh, Samuel
Benner, and Yale Hirsch, among others, to create a pragmatic and
highly functional analytical framework. With his accessible,
comprehensive coverage of significant concepts such as seasonal
spread relationships, key dates, and cash tendencies, you’ll be
able to discern seasonal patterns in monthly and daily cash and
futures data. Once the basics are firmly in place, Bernstein leads
you step by step through the essential process of formulating a
seasonal trading program that incorporates important timing
strategies and risk management tools. An ideal overview for any
trader, investor, or analyst, this lucidly written and clearly
organized resource emphasizes the validity and significance of
seasonality. Jake Bernstein has compiled a comprehensive guide to
the effective use of seasonal concepts and methods in the futures
markets. This is a major work that belongs on the shelves of all
serious traders.
About the Author
JAKE BERNSTEIN is president of MBH Commodity Advisors, Inc., and
publisher of the MBH Weekly Commodity Trading Letter. A frequent
lecturer and contributor to professional publications, he is also
the author of 30 books on futures and stock trading, including The
Investor's Quotient (Wiley). Bernstein has pioneered numerous
technical, cyclical, and seasonal methodologies for the futures
markets.
