Precision Trading with Stevenson Price and Time Targets
$9.50
| Author(s) | |
|---|---|
| Pages |
75 |
| Format |
|
| Published Date |
2004 |
In Precision Trading with Stevenson Price and Time Targets You will find even further value in the fact that JR Stevenson has agreed to answer any questions posed on the contents and to offer further explanation wherever needed via e-mail.
Introduction:
The TOOL you are about to put in your “tool box” is so simple and easy to use that you may be tempted to discard it before trying, however “simplicity often leads to success.” In order to make a PIT [price-time tar get] all you need is:
- 1. A charting software package that allows you to draw on trendline on a 5 minute chart (or any time frame) of an e-mini mar ket, and to clone the trendline.
- 2. Recognize by observation, the appearance of a REGULAR CYCLE and that of an INVERTED CYCLE.
- 3 . Connect the two cycles, again b y observation, draw two trendlines and the price and time target PIT will be given at the end of the cloned trendline, plotted right on the chart.
There are no calculations, no expensive software needed, no formulas or complicated rules to follow and the same procedure is used on any chart of your choosing. You can choose any length cycle you wish to trade that will give you the profit!loss ratio that suits your money management policy. This step is the only subjective decision you need to make to arrive at the PIT. Proof of the above statements ar e in the pages to follow. Please read with an open and creative mind and you will be amazed as to how often near perfect results are obtained. Perhaps even more important is the mar ket analysis that is possible when the target is missed in price, time, or both. Many times you will be able to correctly predict the next move in the market because of a failure of the market to reach the PTT.
WHAT THIS MANUAL WILL OR WILL NOT DO FOR YOU:
- 1 . On a 5 minute chart of Mini S&P’s, you will be able to look ahead 20, 30, 60 or even several hours and predict where the price should be at a certain time. [PTT]
- 2. You will be able to tell which cycles are moving the market trend.
- 3 . You will b e able t o give a PIT for any cycle from 3 bars on up in length.
- 4. You will be able to reduce your trading to just a few trades per session to prevent overtrading, if you desire.
- 5 . You will b e able to tell when a reaction, or a rally against the trend i s about t o stop.
- 6. You will see why chart patterns form and how PIT’s can confirm their targets.
- 7. By using concept #2, you should be able to tell when a new cycle direction is confirmed.
- 8. The markets differ in character from day to day. PTT’s should help you trade trend days or trading range type markets.
- 9. The PIT’s will not make the market move to them. They are guide posts or signs to help guide you on yourj ourney.
Contents:
- Overview of Concepts
- Regular and Inverted Cycles
- Procedure for Making a PIT in Real Time
- How to Trade PIT’s in Real Time
- How to Select the Best Cycle to Trade
- How to Tell When a Cycle Has Ended
- What ifthe PIT Misses?
- Basic Questions
- About Cycles
- Trading Tips
- Points of Emphasis in this Manual
Precision Trading with Stevenson Price and Time Targets By John R. Stevenson PDF
5 reviews for Precision Trading with Stevenson Price and Time Targets
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Ashley Friedman (verified owner) –
I understand the reason why noone rates this book. JR has done a great service for us by putting together this concise trading manual describing an elegant straight forward methodology. The pattern has appeared in other books but his emphasis on it and tightening things up from his experience makes it clearly stand out rather than a distraction… refining rough into gold.
Hugh Guzman (verified owner) –
This trading system is simply a modification of the Rate Of Change (ROC) Oscillator. The difference is that ROC uses 2 closing prices a set number of periods back to determine momentum, while this trading system uses 2 lowest lows separated by a highest high called a regular cycle or in the alternate 2 highest highs separated by a lowest low, called an inverse cycle. The object is to project the next highest high ( or lowest low) through applying the rate of change for the total number of periods between the 2 highest highs or lowest lows. The premise of the book is that the ROC will remain constant for the set number of periods of the previous cycle or inverse cycle as the case may be. If it doesn’t then you supposedly have reversal. However the price projection system often is inaccurate and ignores that when price is trending a momentum is lost that price usually resolves in the current direction of the trend.
Jennifer Macdonald (verified owner) –
If you have happened upon this book (not even stocked by Amazon), consider yourself to be fortunate. I have purchased over 60 books on trading and only review those that I consider to be exceptional. This one certainly falls within that category. If you trade, you have probably found that having targets typically leads to better profits (about 80% of the time)and less risk than using a trailing stop. However, I have experimented with various targets like Fibonacci extensions and channel extremes, but have been less than satisfied. This book’s approach to selecting targets is very simple and intuitive, providing precise rules that are frequently quite accurate. Unlike some of the other reviewers, I have never encountered this approach to selecting targets in any other book, CD or webinar I have attended. Precision Trading was highly recommended in an online chat room populated by experienced day traders who focus on price action. I was able to purchase an autographed copy directly from the author. I realize that the price of $49 might seem a little high for a 60 page book and could keep some people from buying it. That is okay with me, maybe I should have kept this little trading gem to myself anyway!
Darwin Caldwell (verified owner) –
This is a fascinating book with brilliant, elegant forecasts of price and time. I come to a similar approach in my cycles studies, and was thrilled to find this method of forecasting price and time cycles in all fractals of all markets. Bravo Mr. Stevenson.
Mateo Manning (verified owner) –
Short, sweet, well explained.