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Currency Trading

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The Arms Index, Equivolume Charting, Ease of Movement, and Volume Adjusted Moving Averages

Expert: Richard Arms

Average Rating: 12345

Richard’s workshop emphasizes actual trading. He shows you how these tools combine to form a stand-alone trading system applicable to stocks, futures, and bonds. In this workshop, you will learn the concepts of Equivolume Charting, which gives volume and price equal weight in determining the anticipated direction of a move, allowing the investor to see not only what is happening but why. The vertical axis in Equivolume Charting still represents price, but the postings are depicted as boxes, the width of which represents volume. You will use the Ease of Movement Oscillator to numerically evaluate the boxes on the chart, taking into consideration the size and shape of each, the direction of price movement, and the magnitude of the move. The value allows us to compare the relative strengths of issues. You will also learn (from the original developer) the mechanics and practical applications of the Arms Index (short-term trading index), which determines the relationship between the ratio of advancing to declining issues and the ratio of advancing to declining volume. The Arms Index measures the internal dynamics of the market, ascertaining direction and strength of volume. Low Arms Index numbers indicate proportionately greater activity (demand) for an advancing issue — very bullish. Low numbers indicate greater activity around a declining market — bearish. As a moving average, the Arms Index indicates an overbought or oversold condition. The Arms Index appears in major daily and weekly business publications and on CNBC and most regional TV channels.

The Derivative Oscillator

Expert: Bob Buran

Average Rating: 12345

The Derivative Oscillator, plus— Trading a Small Account to the Limits and Getting the Most Bang for Your Buck Bob believes in using relatively simple ideas to develop profitable trading strategies for the futures markets. According to Bob, complexity in system design inevitably leads to curve fitting and trading losses. But system design is only part of the challenge of pushing a small account to the limits. Money management is probably even more important than system design. Bob discusses his unique concept of margin efficiency and demonstrates how he uses his concept to make a small account produce high returns without risking ruin. Bob believes that most conventional ways of rating system performance are incomplete and can lead traders astray. Bob shows you exactly how he rates systems. He also shows you several margin-efficient systems he designed and how he fits them into his margin-efficient money management scheme in order to get the most bang for the buck out of a small account.

The New Discipline of Behavioral Finance

Expert: Hank Pruden

Average Rating: 12345

The New Discipline of Behavioral Finance Provides Fresh Insights for System Building and Technical Analysis.... Successful market technicians have long recognized the psychological and sociological components of market behavior and that traders’ actions are influenced by their emotions and by cognitive errors. Up until very recently, the majority of the financial world scoffed at the idea of incorporating human frailties into financial analysis, but now a whole new field of study has arisen — behavioral finance — that believes these human flaws are consistent, measurable, and predictable. Hank describes the general paradigm shift that is occurring in the world of finance and shows how technical market analysis can systematically utilize the human motivation that lies beneath all the numbers. In this presentation, Hank outlines the evolution of behavioral science and shows its close parallels with technical analysis, specifically in the study of herd instinct and mass psychology. Behavioral scientists examine finance from a different orientation than most technicians. Behavioral science is a theoretical discipline that attempts to draw generalities about behavior rather than make specific predictions about an individual’s actions. Hank shows you how these new perceptions can add to your own understanding of the markets. Building upon the concepts of mass behavior, Hank also explains why successful analysis examines and quantifies the parameters of price, time, and volume into a complete and comprehensive system. After demonstrating the mass behavior framework, Hank takes you through the steps for developing and testing your own technical trading systems. He explains how the different types of market data interact, why each type of market data should be analyzed in depth, and how to select indicators that add up to more meaning. Hank teaches a new, effective and realistic conceptual framework from within which you can develop your own profitable and satisfying trading system.

The Practical Fractal — A New Map for Traders

Expert: Bill Williams

Average Rating: 12345

Learn why the science of Chaos Theory draws a more accurate picture of market action and intention than other approaches and how you can apply this theory to your trading and daily life. This opportunity allows you to gain the benefit of years of experience in two hours while learning Profitunity’s unique “10 second analysis". You will learn why over 90% of all traders lose money consistently while 50% of all contracts make money on each price change, even though traders rank in the top 10 percent of intelligence of the general population. Bill believes that most traders lose because they use the wrong logic maps. Linear techniques from classical physics and the most common technical indicators simply don’t make profits in non-linear markets. He discusses which techniques to use (only three to trade the Profitunity technique) and which to avoid. You will learn why the usual axioms (“buy low, sell high” and “follow the trend”) throw you off the profit trail and why concepts such as “bullish/bearish consensus", “oversold" and “overbought” do not really exist. To continuously trade profitably, you must “stop the lies and listen to the truth.” In trading, your brain is not your friend. In the second part of this session you will earn unique ways to “boot up” your “twin-hemispheric neck top computer” to get in synch with the market, producing better trading and more relaxation while trading. It may be time to stop optimizing your computer and start optimizing yourself. You will receive trading setups that will automatically show Profitunity signals real time. You will also learn the five words that will guarantee your success in trading the markets.

The Relative Strength Index Explained

Expert: Andrew Cardwell

Average Rating: 12345

Andrew Cardwell, president of Cardwell Financial Group, Inc., began his trading career in 1978 as a broker with McCormick Commodities. In 1981, Andrew left the brokerage business to devote his time to the study of technical analysis and to develop a trading program and model around the Relative Strength Index. Today, he provides consultation and commentary for his RSI Coursestudents and his Cardwell Private Client Group. Andrew Cardwell has taught his proprietary RSI Basic and RSI EDGE Courses to individual traders, brokers, money managers and technical analysts from around the globe. Over 70% of his course students have been referrals and he has course students in 27 countires. A a very respected and sought-after lecturer, he has presented at some of most prestigious worldwide financial conferences. From 1990 to 1993, he provided weekly market commentary for the Financial News Network and has also appeared on CNBC, providing opinions based on his RSI experience. His articles have been published in Futures magazine and by Knight Ridder News Service. He was featured in the Commodity Traders Consumer Reports “Trader Profile” series where Bruce Babcock refered to him as 'the world's leading authority on the RSI'. Andrew Cardwell can be reached at

The Theory of Momentum Indicators and Lane’s Stochastic

Expert: George Lane/ Cairie Lane

Average Rating: 12345

In a recent worldwide survey, Lane’s Stochastics ranked among the most frequently used of all the technical studies available. George covers the theory of momentum indicators in depth. He focuses specifically on Stochastics — how it works, its weaknesses and strengths. George teaches you to use and understand the studies he feels every trader should know and which even experienced traders often overlook or misuse. George’s many years of active trading experience support his keen insights into the market. One experienced trader was heard to remark, “I would rather spend one day with George than one year on the exchange floor trying to learn.” George is an able teacher as well as a master technician, and he expertly addresses the questions of both novice and advanced students.

The Wyckoff Method — Analyzing Price & Volume Movement Using the Principles of Mass Psychology

Expert: Hank Pruden

Average Rating: 12345

In this session, you will gain a comprehension of how mass psychology in action creates the shape of a conceptual framework for technical market analysis. Hank emphasizes an appreciation for the cause and effect linkages among price, volume, time, and sentiment and explains how these factors combine to form stages of accumulation, markup, distribution and markdown. You will have a further sensitivity to the value of trading ranges and divergence and develop an understanding of the critical need for selecting between a trend-following system and a trend-fading system. This workshop provides you with a unique opportunity to learn the principles of the Wyckoff Method of technical analysis and trading. You will learn to combine the technical tools you already use with an entirely new perspective on market behavior, enhancing both your technical trading skills and your ability to judge critical trading situations. You will learn to concentrate your analysis on three essential factors: tick-volume or volume (the intensity of trading), the relationship between price movement and volume, and the time required for all the movements to run their respective courses. The information derived by using a volume or tick-volume approach can directly influence your day-to-day decision making process. It will enhance your awareness of the market’s real strengths or weaknesses.

Timing is Everything: Three Powerful Methods for Matching Entry Strategy with Risk Posture

Expert: Robert M. Barnes

Average Rating: 12345

In this session, Robert discusses three different timing methods: the Directional Relative Volatility Index, the Volume-Price method, and the Time-Price method. These three timing methods provide traders with an opportunity to match entry strategy with risk posture. The Directional Relative Volatility Index (DRV) is a simple but very powerful indicator which represents return (net price change over a given period) divided by risk (average price change magnitude). It is ideal for identifying short-term trading opportunities, especially in choppy markets. The DRV measures how much price energy is translated into a single direction, whether that direction is sideways (indicating no action), up, or down. The DRV allows traders to maximize profits while keeping losses low, or at least low relative to profits. It adapts well to changing market conditions, going to zero in choppy markets, +1 in strong uptrends, and –1 in heavily sinking markets. The DRV, however, can run into problems in choppy markets with low volatility or in very volatile markets exhibiting strong price movement in one direction. The Volume-Price method updates classical volume analysis to better suit today’s faster paced, real-time environment. It is a fascinating technique that analyzes each countertrend move as it happens to determine if a turning point has occurred or if the trend will continue. Robert shows you how volume drives price and why traders must ascertain that there is a strong volume in the current period to be certain of strong price movement in the following one. Significant and growing volume reflects a concerted and sustained effort by buyers or sellers to obtain or divest contracts. The trick is to recognize when volume is significant and growing. Robert shows you how to use the relationship between volume and price to make this determination. Most breakout trading methods follow every countertrend price move until it is confirmed by a secondary signal or the original trend is resumed. Moving average systems smooth out some of the noise from price movements, making trends easier to follow. The Time-Price method incorporates the best of both these approaches into a system that distinguishes meaningful breakouts from those that are meaningless at the beginning of the countertrend movement. This is accomplished by finding and filtering out special price patterns that do not depend exclusively upon the strength of the price movement. By codifying these mathematical relationships into easily recognizable patterns, Robert provides you with a way to integrate the power of advanced mathematics into your trading system — without having to go back to school!

Trading on Expectations: Pinpointing Trading Ranges, Trends and Reversals

Expert: Brendan Moynihan

Average Rating: 12345

One of the most important factors affecting the market’s supply-and-demand equation (i.e., selling and buying transactions in the market) is the expectations of the participants — expectations about where prices are headed, fundamental reports and the market’s response to news releases. The Federal Reserve Board recently adopted an expectations model of the markets for economic forecasting, and now you can apply the same approach to your trading. In testimony before the Senate Banking Committee in 1997, Federal Reserve Chairman Alan Greenspan described the expectations model this way: “Participants in the financial markets are susceptible to waves of optimism. Excessive optimism sows the seed of its own reversal. When unwarranted expectations are ultimately not realized, the unwinding of these excesses can act to amplify a downturn, much the way they can amplify the upswing.” This session teaches you how to identify and take advantage of these waves (trends) of optimism and pessimism and their reversals. You will also learn how Brendan combines elements of the economic science used in the Chicago Board of Trade’s Market Profile and the Nobel Prize-winning theories of expectations (as expressed in sentiment surveys) to develop a method for analyzing and trading the futures markets.

Trading the Pankin Strategy for 30% Annual Gains and Low Risk

Expert: Nelson Freeburg

Average Rating: 12345

Could you use a purely mechanical timing formula that has produced 10 percent gains a year since 1986 with strictly controlled risk? Nelson teaches you everything you need to trade the Pankin Sector Fund Strategy for exceptional profits and reduced risk. The Pankin Strategy trades Fidelity Select sector funds. Sector funds tend to trend more consistently than individual stocks or commodities and produce unusually reliable trading patterns. If you had traded this simple yet powerful system over the past twelve years, you would have outperformed 99 percent of all CTAs. The Pankin Strategy takes just a few minutes each week to update, uses straightforward logic and works for virtually any size account. The Pankin Strategy has a superb hypothetical track record — 35 percent annual gains since 1986 (real-time performance has been just as strong). However, the original strategy requires withstanding drawdowns most individual traders find unacceptable. Money manager Mark Pankin, developer of the system, posted returns of 57 percent in 1995 and 45 percent in 1996 but the drawdowns sometimes represented as much as 25 percent of total equity. To better gauge the risk, Nelson tests the Pankin Strategy over a wider range of market conditions. In this workshop, he simulates Pankin trading back to 1970 (considerably longer than the Fidelity Select sector funds have actually been traded). You will see that the original strategy would have generated reassuringly strong profits throughout the past twenty-eight years but with frequent and often punishing equity drawdowns (the maximum equity dip would have been an unacceptable 45 percent). To help curb the risk, Nelson introduces you to a variety of defensive tactics he uses along with the original Pankin Strategy. As he adds risk-control measures, you will observe a powerful trading system unfold. To insure that the evolving system is theoretically sound, he tests the findings across multiple portfolios, time frames and signals. The resulting variant of the Pankin Strategy has gained 30 percent a year since 1986 with just 12 percent drawdown! Central to this final comprehensive trading system is a filter Nelson uses to confirm Pankin signals. He demonstrates how this indicator is almost certain to capture every major stock market trend. With this and other defensive measures, you will trade the Pankin Strategy more confidently to achieve aggressive profits with limited risk. Building a Mechanical Trading System from the Ground Up (1996). Testing is a critical area often neglected by technicians and traders. Nelson clearly demonstrates the ease with which testing can be performed given today’s sophisticated workstations and high-performance computers. The testing power that these tools provide is now readily accessible to all traders and managers. Nelson describes the process of building a mechanical trading system, providing concrete examples of high-return/low-risk strategies for a range of markets. Nelson also shares his favorite high-performance trading systems tested on TradeStationTM. The code (which is given to you) and methods Nelson uses are clearly stated and can be translated for use with many other popular software systems.
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There are 67 Titles on the Currency Trading channel.

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