The Geometry Of Stock Market Profits is about Jenkins’ proprietary techniques, with major emphasis on cycle analysis, how he views and uses the methods of W. D. Gann, and the geomery of time and price.
In conventional technical analysis it is the breaking of a trend line or a moving average that tells us something has changed. But in theory, the breaking of a moving average, whether it be 3 days, 5 days or 200 days is based on events that have gone by and you can never predict the final high or the low day with conventional technical analysis. By delinition of what a high or low is, no human being looking through human emotional eyes will see the high day. On the high day even the bears who think the market will go down believe there is yet another clay where it could go higher and they don’t sell.
Through the study of cycles we can know ahead of time with very high probability. that a top or bottom will be seen, and then fine tune our technical tools such as breadth, volume, price pntlem and momentum. We watch closley various technical tools on that day to see if they justify our taking a position in the stock market. Techniques in this book are based on explicit assumptions that there are immutable laws of nature, unseen forces lhal arc known as “cycles.” It is these cycles of which we can never know what causes them or where they come from, but it is these cycles that literally predetermine the stock trading price levels on a day to day basis.
To become a professional trader you must learn to cut your losses quickly and at reasonable levels without guilt as to whether you were right or wrong. There is no right or wrong in the stock market, there is only the reality or price of profit or loss.
- Introduction to Cycles
- Why Technical Analysis
- Theory of Geometry
- The Hourly Chart
- Proportion and Harmony
- Trading Basics
- Impulse Waves
- Trading Options
- What is a Professional?
- Professional Trading
- Common Sense Trading Rules
- Ten Trading Tips to make you Rich
- Comments on Fundamentals and Economics
The Geometry of Stock Market Profits By Michael S. Jenkins PDF