Cover image for Trading the Measured Move : A Path to Trading Success in a World of Algos and High Frequency Trading.
Trading the Measured Move : A Path to Trading Success in a World of Algos and High Frequency Trading.
Title:
Trading the Measured Move : A Path to Trading Success in a World of Algos and High Frequency Trading.
Author:
Halsey, David.
ISBN:
9781118287132
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (226 pages)
Series:
Wiley Trading
Contents:
TRADING THE MEASURED MOVE -- Contents -- Preface -- Acknowledgments -- Chapter 1 Today's Trading Environment: Descent of the Pit and Ascent of the Screen -- Players on the Field -- The Algo Brothers -- Where Are You? -- Chapter 2 Inside the Hidden Market -- Deep Roots -- Beyond 1.618 -- Fibonacci Basics -- Fibs Make the Moves -- Why Do Fibs Work? -- Fibs in the Real World -- In Summary -- Chapter 3 Drawing a Road Map: Finding Direction -- A Mountain Range of Price -- Obstacles in the Road: Pivot Points -- Navigating Trends -- Long and Winding Roads -- Chapter 4 More Tools for Trading Power: Filling the Toolbox -- Watching the Clock (and the Calendar) -- Tick Tock -- The Tape and the DOM -- The DOM (Depth of Market) -- A Full Toolkit -- Chapter 5 The 90 Percent Factor-Executing Your Trade: Where the Rubber Meets the Road -- Priorities and Job One -- What's the Risk, What's the Reward? -- A Brief Pit Stop -- Preparing the DOM -- Crossing the Starting Line -- Running Off the Road -- When Multiple Contracts Just Aren't Possible -- Why 90 Percent? -- Chapter 6 Three Types of Trade Setups -- The Traditional 50 Percent Measured Move -- A Series of Measured Moves -- Which Traditional Measured Moves Not to Trust -- The Extension 50 Percent Measured Move -- The Extension 50 Percentin a Series -- Which Extensions Not to Trust -- The 61.8 Percent Failure -- What 61.8 Percent Failures Not to Trust -- Why Is This Important to Your Trading? -- Chapter 7 Using Multiple Time Frames to Trade -- Time Frames and Russian Dolls -- The Path of Least Resistance -- Trading the Trend -- Why Do Markets Continue to Make New Highs? -- Why Do Markets Continue to Make New Lows? -- A New Concept -- What Time Frame Should We Look At? -- Types of Multiple Time Frames -- Why Is This Important to Your Trading? -- Chapter 8 Three Entry Strategies for Retracements -- The Goal.

Front Runs and First Targets -- The Three Entry Strategies -- The First Test -- The Front Run of the Second Test -- The Trend Break and Next Measured Move -- The Progression of Entries -- Why Is This Important to Your Trading? -- Chapter 9 The Seasonality of Markets and the Best Times to Trade -- The Big Picture -- The Months -- Studying the Past -- A Money Manager's Year -- Summer -- Fall -- Winter and Spring -- The Days -- The Hours (Best and Worst Times to Trade) -- The Worst Times to Trade -- The Typical Money Manager -- Why Is This Important to Your Trading? -- Chapter 10 Tools for the NYSE -- Lagging versus Leading Indicators -- Tools for the NYSE -- Bank -- Breadth -- The Tick -- Tick Hooks -- Time and Sales -- Trade the Trend -- Using All the Tools Together -- Why Is This Important to Your Trading? -- Chapter 11 Tick Extremes and Divergences -- The Types of Tick Extremes -- The Old Way -- The New Way -- Ticks That Signal a Reversal -- Tick Divergences -- How to Use a Divergence -- What Happens if the Trend Breaks? -- Why Is This Important to Your Trading? -- Chapter 12 Profiting from Gap Fills -- What Is a Gap? -- In What Instruments Do Gap Fills Exist? -- The Types of Gap Fill Scenarios -- Gap Fills to Avoid -- Options Expiration Fridays -- Rollover Thursday and the Day After -- The First Trading Day of the New Quarter -- 10-Point Gap-and-Go Levels -- No-Trade Zones -- Gap Fill Percentages -- Tools for the Gap Fill -- The Traditional Trader's Way -- The Conservative Way -- The Gap Fill Workflow and Filter -- Entries -- Which Entry? -- When Gaps Don't Fill -- What to Do? -- Why Is This Important to Your Trading? -- Chapter 13 How to Manage Positions and Take Profits -- The Rule for Measured Moves -- The Distance Formula -- Trailing a Series of Measured Moves -- After the Confirmation of Trend.

Using the -23 Percent Profit Target: Take Profit on the Time Frame You Entered the Trade -- Why Is This Important to Your Trading? -- Chapter 14 Risk Management (Advanced Trade Management) -- Bob the Trader -- Curtis the Contractor -- Risk per Trade -- How Many Futures Contracts Should I Trade? -- Stop Placement -- The Free Trade -- The Reduced-Risk Trade -- Why Scale Out? -- Pick an Instrument and Focus on It -- Trading the News Is Gambling -- Why Is This Important to Your Trading? -- Chapter 15 The Inner Trader: The Emotions of a Trader -- Mentality -- Money Management -- Emotions -- How Long Does It Take for a New Trader to Trade Well? -- Attitude -- Are You Proactive or Reactive? -- Trading Well versus Trading for Profit and Emotional Capital -- The Phases of Measured Moves -- The Four Phases of Measured Moves -- The Series of Measured Moves -- Basic Traditional Measured Moves -- Extension Measured Moves -- Extension Measured Moves -- The Progression of Measured Moves -- Why Is This Important to Your Trading? -- Chapter 16 The Trading Plan: Keeping Your self Safe with Statistical-Based Rules -- The Four Legs of a Trading Strategy -- Leg 1: Money Management -- Leg 2: Entry Rules -- Leg 3: Profit-Taking Rules -- Leg 4: Statistical-Based Trading Rules -- Why Trading Rules -- General Trading Account Rules -- Gap Fill Trading Rules -- American (NYSE) Session Trading Rules -- European (Euro) Session Trading Rules -- Setups -- Daily Setups -- 15-Minute Setups -- Micro Setups -- A Trading Journal -- Why Is This Important to Your Trading? -- Bringing It all Together -- About the Author -- Index.
Abstract:
A timely guide to profiting in markets dominated by high frequency trading and other computer driven strategies Strategies employing complex computer algorithms, and often utilizing high frequency trading tactics, have placed individual traders at a significant disadvantage in today's financial markets. It's been estimated that high-frequency traders-one form of computerized trading-accounts for more than half of each day's total equity market trades. In this environment, individual traders need to learn new techniques that can help them navigate modern markets and avoid being whipsawed by larger, institutional players. Trading the Measured Move offers a blueprint for profiting from the price waves created by computer-driven algorithmic and high-frequency trading strategies. The core of author David Halsey's approach is a novel application of Fibonnaci retracements, which he uses to set price targets and low-risk entry points. When properly applied, it allows traders to gauge market sentiment, recognize institutional participation at specific support and resistance levels, and differentiate between short-term and long-term trades at various price points in the market. Provides guidance for individual traders who fear they can't compete in today's high-frequency dominated markets Outlines specific trade set ups, including opening gap strategies, breakouts and failed breakout strategies, range trading strategies, and pivot trading strategies Reveals how to escape institutional strategies designed to profit from slower-moving market participants Engaging and informative, Trading the Measured Move will provide you with a new perspective, and new strategies, to successfully navigate today's computer driven financial markets.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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