Friday, August 29, 2014

Dynamic Trading

Of all books on technical analysis, I have found Robert Miner's Dynamic Trading to be an invaluable resource to at least understand the thinking behind chart trading. It's really interesting to see how algorithms have been designed to attempt to capture the 3rd and 5th waves of Elliot Wave Theory. If the stock market is mostly run by computers that have been developed by humans, it makes sense that fibonacci numbers and the golden ratio serve as a road map for price.

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