Filtered Waves. Basic Theory by Arthur A.Merrill

Filtered Waves. Basic Theory by Arthur A.Merrill

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Get Filtered Waves. Basic Theory by Arthur A.Merrill at Salaedu.com

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Arthur A.Merrill – Filtered Waves. Basic Theory

183 pages, illustrated. “Based on this simple but substantial base, the book presents and examines charts for every bull and bear market since 1898; it presents charts for the life expectancy of rallies and secondary reactions. Applications of the method to individual stocks, and other uses are described. The appendixes and a complete presentation of the Elliott Wave Theory.” FINE HARDCOVER, VERY GOOD DUST JACKET, signed by the author. Size: 8vo – over 7¾” – 9¾” tall.Bookseller Inventory # 023255

Review

I procrastinated buying this book because it was fairly expensive, but that was a mistake. Basically it covers the topic of wave counting and Dow Theory, but how to do it in a mechanical way. When I say wave counting, of course, I am referring to Elliot Wave Theory. Anyone who has taken a serious look at Elliot Wave will come to discover nobody who counts waves over any reasonable period of time on a chart will come to the same conclusion as anyone else. This book gives you a great method for making the entire process mechanical. I then went on with his concepts to develop software for Tradestation that counts waves (something that was not commercially available that I could find) and then developed a very successful mechanical trading program for the S&P from it. I laughed because I never imagined myself doing wave counting successfully as a mechanical systems trader. This is a great little book that is very straight forward and limited in scope; simplistic and powerful. Much of the book is dated however, as would be expected for a publishing date of 1977. I do recommend it for anyone who strives to build trading methodologies from solid numerical concepts and wants to learn different viewpoints for cyclical analysis in the stock market.

Get Filtered Waves. Basic Theory by Arthur A.Merrill at Salaedu.com

Forex Trading – Foreign Exchange Course

Want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

More Course: FOREX TRADING

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