January 2010
Intermediate to advanced
208 pages
5h 35m
English
book
Forex on Five Hours a Week: How to Make Money Trading on Your Own Time
by Raghee Horner, Jeffrey Alan Brandzel
Content preview from Forex on Five Hours a Week: How to Make Money Trading on Your Own Time
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 3. The Wave
Figure 3.1. The market is a 6′6″, 280-pound kickboxer that will smash you. Don't fight the market.: 2006 "Fxstreet.com. The Forex Market." All Rights Reserved.
If there is one indicator I cannot do without, it's the Wave. It's a simple market cycle indicator: a trio of exponential moving averages based on the Fibonacci number of 34. It provides me with a visual footprint of the market's trend, or lack of trend. It's better than trendlines, support, and resistance for this specific purpose. It's not that trendlines, support, and resistance are not effective but the fact is that these lines can be found in uptrending, downtrending, and sideways or range-bound markets, and by themselves they do not indicate the market's cycle.
So what's the Wave? I'm not one for proprietary indicators, and anything I use to analyze my charts can be done with some simple indicator settings, all of which I will share with you. I will tell you why I use the settings I use, and then you will have to go about doing the real work, which is putting them on your charts and proving to yourself by watching how these studies/indicators behave that you can trust them and will use them. That's no small task. I'm not your mother, so "because I said so" just isn't going to cut it.
While I am going to talk about the Fibonacci series of numbers and their relevance to traders later on, let me just set ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.