Scientific Guide To Price Action and Pattern Trading: Wisdom of Trend, Cycle, and Fractal Wave

Young Ho Seo
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In this book, we want to deliver you the strong message on how beneficial the Price Action and Pattern Trading is in comparison to the technical indicators used last few decades. This book heavily focuses on tradable patterns in the financial market. The patterns include Fibonacci patterns, Elliott Wave patterns, Harmonic patterns, and many other price patterns for your trading. We share useful insight behind the financial market dynamics and price patterns from our computerized research. We have put numerous trading strategies under five categories (i.e. five regularities) to make your life simpler. We present the systematic view on market dynamics and price patterns to improve your knowledge in your financial trading. Most importantly, this book will help you to understand trend, cycle, and fractal wave. You will learn how to attach them to your trading strategy. After this book, you will be able to use the wisdom of trend, cycle and fractal wave at your advantage for your trading. At the latter part of this book, we also provide some useful information towards your trading management. We provide practical knowledge on risk management and portfolio management. You might need the Peak Trough Analysis tool to follow some of the chapters in this book. You can freely download the Peak Trough Analysis tool from the Publisher’s website. Finally, reader should note that this book contains some strong technical language. We hope you to get the full benefits from many brand new knowledge introduced in this book for your financial trading.


Before reading this book, we recommend to read "Profitable Patterns in Forex and Stock Market" and "Guide to Precision Harmonic Pattern Trading" to get some prior knowledge in Price Action and Pattern Trading.

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About the author

Young Ho Seo is an Engineer, Financial Trader, and Quantitative Developer, working on Trading Science and Investment Engineering since 2011. He is the creator of many technical indicators, price patterns and trading strategies used in the Financial market. His works include to develop scientific trading principle and mathematical algorithm in the work of E.S. Gardner, B. Mandelbrot, R. N. Elliott, H. M. Gartley, R. Shabacker and W.D. Gann. His life mission is to connect financial traders and scientific community for better understanding of this world and crowd behavior in the financial market. He wrote many books and articles, which are helpful for understanding the technology and application behind data mining, statistics, time series forecasting, fractal science, econometric and artificial intelligence in the financial market.

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Additional Information

Publisher
Young Ho Seo
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Published on
Jul 7, 2017
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Pages
468
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Best For
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Language
English
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Genres
Business & Economics / Personal Finance / Investing
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Content Protection
This content is DRM protected.
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About this book


This book provides you the powerful and brand new knowledge on predicting financial market that we have discovered in several years of own research and development work. This book will help you to turn your intuition into the scientific prediction method. In the course of recognizing many price patterns in the chart of Forex and Stock market, you should be realized that it was your intuition working at the background for you. The geometric prediction equation devised in this book will provide you the scientific way to predict the financial market. It is simple and easy. What is even better is that this approach is aligned with your intuition.

Many of us had a mistake of viewing the financial market with deterministic cycle. Even though we knew that market would not land us such a simple prediction pattern, we never stop using the concept of deterministic cycle to predict them, for example, using Fourier transform. Why is that so? The reason is simply that no one presented an effective way of predicting stochastic cycle. Stochastic cycle is the true face of the financial market when many variables in the market are suppressing the predictable cycle with fixed time interval. So how we predict the stochastic cycle present in the financial market? We present the answer in this book. We show that the geometric prediction equation solves the stochastic cycle modelling problem together with fractal wave in the financial market. In another words, your intuition, more precisely your capability to recognize geometric shape, is more powerful than any other technical indicators available in the market. Hence, the geometric prediction would maximize your ability to predict the financial market.


Geometric prediction combines your ability to recognize the geometric regularity and statistical regularity from the chart in Forex and Stock market data. We provide how the powerful chart patterns are related to geometric regularity through your intuition. The chart patterns covered in this book include support, resistance, Fibonacci Price pattern, Harmonic Pattern, Falling Wedge pattern, Rising Wedge pattern, and Gann Angles with probability. At the same time, we provide you how the turning point probability is related to statistical regularity. We show how the fractal wave can be understood using the relationship between mother waves and child waves. In this book, we demonstrate how to combine chart patterns with turning point probability to predict the financial market.

Harmonic Pattern trading uses the direct pattern recognition from the price chart to predict the potential turning point of the financial market. Although the history of the harmonic pattern goes back to the Gartley’s book “Profits in the Stock Market” in 1935, Harmonic Pattern trading became popular in last few decades. In comparison to many contemporary predictive techniques, there are far less literature available to study this technique in several different scientific angles. Most of harmonic pattern trader focuses on the visual aspect of the pattern keeping very small attention on the precision aspect. In this book, we want to introduce the brand new precision concept, Pattern Completion Interval and Potential Continuation Zone, for harmonic pattern trading. In the first few chapters of this book, we will illustrate the concept and the operating mechanism behind these new techniques. After that, we will focus on how to manage your order and risk with Harmonic pattern. We will illustrate how to apply this precision concept for both market order and pending order setup for your practical trading. At the end of the book, we describe the rolling ball effect and we show how it can affect your turning point strategy. In the final chapter, we introduce Mutual Pattern Turning Point Strategy for your practical trading. Then we show you three essential but powerful steps to trade with turning point strategy. Please note that we use our own custom ratio sets for harmonic patterns presented in this book because our backtesting and forward testing results indicates that they perform better than the original patterns. The studies presented in this book are the results after the intensive computerized research using Harmonic Patterns. If you want to dig deeper on rolling ball effect and other mutual patterns for turning point prediction, you can also read our book: Scientific Guide to Price Action and Pattern Trading.
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