June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Tick
Rather than conjuring up images of insects or nervous disorders, the word “tick” is used here to describe both the minimum unit of trading (formerly 1/8 for a stock and 1/32 for a bond) and any individual trade. A ticker is simply a series of ticks (trades).
You might hear the phrase “5-tick stop.” This means that the stop price set for the trade has been set 5 ticks or trading units below the purchase price. In the U.S. stock market, that could mean 5/8 point. Typically, the term is used for markets that trade in very small units, such as bond trading in 1/32 or .01 or currencies trading in .0001.
Another meaning for tick is as a breadth indicator for the stock market. In this context, tick is the real-time sum of all stocks whose last ...
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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.