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Informationen zum Autor MICHAEL DUANE ARCHER has been an active commodity futures and Forex trader for over thirty years. He has worked in various advisory capacities, notably as a commodity trading advisor and a SEC-registered investment advisor. Archer operates www.fxpraxis.com and is a professional Forex money manager. He is also the author of Getting Started in Currency Trading, which is also published by Wiley. JAMES LAUREN BICKFORD began trading in commodity futures in the early 1980s. Since 2001, he has focused his investment efforts solely on trading spot currency pairs via online Forex dealers. Bickford's academic background is in computer science, mathematics, and statistics. By profession, he has been a software engineer for nearly three decades. Klappentext THE FOREX CHARTIST COMPANIONThe foreign exchange (Forex) market has quickly become the market of choice for traders looking to increase their profit potential. The combination of high liquidity and low transaction costs-as well as twenty-four-hour accessibility-has attracted the attention of both new and veteran traders.In The Forex Chartist Companion, authors and active Forex traders Michael Archer and James Bickford provide a visual window into the behavior of the Forex market along with detailed information on the mechanics of day trading, market entry timing, and much more. With this book as your guide, you'll not only become familiar with innovative software and charting systems that provide a graphical interpretation of the markets, but you'll also discover how to instantly see patterns throughout those markets.Divided into six comprehensive parts, The Forex Chartist Companion:* Details Forex-specific charting techniques* Illustrates the use of point and figure charting in conjunction with Forex trading* Explores Forex swing charting* Outlines a variety of Western and Japanese reversal charts-from pivot charts to Kagi charts* Examines the actual trading system of veteran futures guru Charles GoodmanFilled with numerous charts-annotated with Archer's insight into the material-and in-depth information regarding charting theory, The Forex Chartist Companion will help serious traders use technical indicators to enter this market with confidence and exit with profits. Zusammenfassung THE FOREX CHARTIST COMPANION The foreign exchange (Forex) market has quickly become the market of choice for traders looking to increase their profit potential. The combination of high liquidity and low transaction costs-as well as twenty-four-hour accessibility-has attracted the attention of both new and veteran traders. Inhaltsverzeichnis Acknowledgments xv Introduction xvii PART I Forex-Specific Charting Techniques 1 CHAPTER 1 Streaming Data 3 Overview 3 Tick Chart 3 Spread Chart 4 Conclusion 5 CHAPTER 2 Activity 6 Overview 6 Activity Bar Chart 6 Composite Activity 8 Time of Day Activity Chart 8 Day of Week Activity Chart 9 Equi-Activity Chart 10 Activity Mercury Chart 10 Uptick-Downtick Mercury Chart 12 Conclusion 13 CHAPTER 3 Direction 14 Overview 14 Direction Chart 14 Direction Mercury Chart 16 Activity-Direction Mercury Chart 17 Conclusion 18 CHAPTER 4 Forex versus Futures 19 Overview 19 Pip Differential Chart 19 Activity versus Volume and Open Interest 22 Conclusion 22 CHAPTER 5 Arbitrage 23 Overview 23 Transitivity 23 Triangular Arbitrage Chart 24 Equilibrium 25 Major Currencies 28 Observation 28 CHAPTER 6 The Mundo 29 Overview 29 Forex Beta 29 Mundo Line Chart 31 Weighting 32 Mundo Bar Chart 33 Observation 33 CHAPTER 7 Range Charts 34 Over...
