Techniques of a Professional Commodity Chart Analyst

by Arthur Sklarew

Book Overview

The Thinking Person's Approach to Commodity Market SuccessCommodity trading is done in one of two ways: Automated computerized buying and selling, or analyzing commodity pricing through the use of... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0910418101
• ISBN13: 9780910418102
• Release Date: April 1980
• Publisher: Commodity Research Bureau
• Length: 183 Pages
• Weight: 1.19 lbs.
• Dimensions: 0.8" x 6.2" x 9.3"

Customer Reviews

Highly recommended

If you take only one of the many techniques explained in this book, you will profit. For example "Net Change Oscillators": Simple averages are the sum of a number of values divided by the number. As we move along the time line, the oldest value is dropped off and the latest value is added on. The change in the average is the difference between the latest and the oldest (i.e. the net change) divided by the number. The change in the average is called the velocity of price change; therefore, the net change is a measure of that velocity. When the net change is plotted along a time line, it oscillates across a zero line. This is called the net-change oscillator (NCO). Now let me describe a phenomenon that has given correct signals nine times out of ten in the course of many years of trading commodities, bank bills, indexes, and currencies. The method is dead-simple: in an uptrend, you draw a guideline across the bottom tips of NCO, in a downtrend the guideline is drawn across the top tips. When the NCO penetrates the guideline, a trend change is imminent[...] This book is highly recommended.